Excludes PFAS remediation reimbursements from gross income under the Internal Revenue Code.

The No Taxation on PFAS Remediation Act amends the Internal Revenue Code to exclude reimbursements for PFAS contamination remediation from an individual's gross income. This applies to reimbursements made in taxable years beginning after December 31, 2020. The Act also extends the statute of limitation on credits or refunds for one year from the date of enactment.

Excludes PFAS remediation reimbursements from gross income under the Internal Revenue Code.

The No Taxation on PFAS Remediation Act amends the Internal Revenue Code to exclude reimbursements for PFAS contamination remediation from an individual's gross income. This applies to reimbursements made in taxable years beginning after December 31, 2020. The Act also extends the statute of limitation on credits or refunds for one year from the date of enactment.