This bill would allow individuals to exclude PFAS remediation reimbursements from their taxable income. PFAS (perfluoroalkyl and polyfluoroalkyl substances) are chemical compounds found in some industrial products and firefighting foams that have contaminated drinking water and soil in many communities. The legislation affects homeowners, businesses, and others who receive money to pay for cleaning up PFAS contamination on their property—these reimbursements would no longer count as taxable income, providing tax relief to people dealing with this environmental hazard. The bill applies retroactively to reimbursements received starting January 1, 2021, and includes a one-year window for people who overpaid taxes in previous years to claim refunds or credits based on the new rule.
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