HOUSE 2703117th CongressReferred to the House Committee on Ways and Means.

Superfund Polluter Pays Act

Last Action: 4/20/2021

Actions

2021-04-20Referred to the House Committee on Ways and Means.
2021-04-20Introduced in House
2021-04-20Introduced in House

CRS Summary

As of 2021-04-20 (00)

Superfund Polluter Pays Act

This bill reinstates and extends the Hazardous Substance Superfund Financing rate through 2025 and increases the rate to 16.3 cents a barrel, adjusted for inflation beginning after 2021.

The bill imposes on corporations a 0.12% tax of the excess of the modified environmental tax taxable income of the corporation over $3.13 million.

Cosponsors (5)

EARL BLUMENAUER (D-OR)
WILLIAM PASCRELL (D-NJ)
A. McEachin (D-VA)
Donald Payne (D-NJ)
Darren Soto (D-FL)

Subjects

Corporate finance and management
Government trust funds
Hazardous wastes and toxic substances
Income tax rates
Inflation and prices
Oil and gas
Pollution liability
Sales and excise taxes

Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.