EXPENSING OF ENVIRONMENTAL REMEDIATION COSTS.

SEC. 308. EXPENSING OF ENVIRONMENTAL REMEDIATION COSTS.(a) Extension of Termination Date.—Subsection (h) of section 198 is amended by striking “December 31, 2003” and inserting “December 31, 2005”.(b) Effective Date.—The amendment made by subsection (a) shall apply to expenditures paid or incurred after December 31, 2003.