He said a contract for the
asbestos abatement was awarded to a company, however.
"After the
asbestos abatement was completed, what remained was primarily wood, except for the built-up roofing and some concrete," says Palin.
Hence, we reject the notion that
asbestos abatement cannot per se constitute a repair.
In the absence of IRS guidance on the
asbestos abatement issue, the decision To deduct or capitalize asbestos removal expenses primarily depended on whether the expense was incurred to restore property to a condition in which the current use could be continued, to enhance its value, or to extend its original useful life based on consideration of the factors listed above.
Supporting documents may include an annual
asbestos abatement contract, relevant federal, state and local regulations, in-house work procedures and a personal protection program.
The bill would also require EPA to develop an accrediation program for
asbestos abatement contractors, and have the National Bureau of Standards develop a complementary accreditation program for asbestos analysis labs.
The health risk was very low, according to the county's licensed
asbestos abatement contractor.
The project included exterior restoration, roof replacement, restoration of all public bathrooms, new community kitchen, new windows,
asbestos abatement, and replacement of boiler and hot water heater.
Snyder, an environmental remediation contractor based in North Little Rock, is stepping forward with some program funding, in addition to offering entry-level construction jobs with above-average pay in the niche field of
asbestos abatement.
The Massachusetts Department of Environmental Protection (MassDEP) has levied fines totaling $36,000 against a home improvement contractor, an insulation contractor, and an
asbestos abatement contractor for allegedly violating state asbestos regulations.
He also offered to sell it for $467,000 with
asbestos abatement; or $515,000 with
asbestos abatement, the post home razed, and the land graded.