To amend the Internal Revenue Code of 1986 and the Small Business Act to reduce costs for certain businesses required to relocate from a Superfund site, and for other purposes.
USA115th CongressHR-5669| House
| Updated: 5/1/2018
Nydia M. Velázquez
Democratic Representative
New York
Cosponsors (17)
Robert C. "Bobby" Scott (Democratic)Barbara Lee (Democratic)Raúl M. Grijalva (Democratic)Sheila Jackson Lee (Democratic)Madeleine Z. Bordallo (Democratic)Carol Shea-Porter (Democratic)Donald M. Payne (Democratic)Adriano Espaillat (Democratic)Luis V. Gutierrez (Democratic)Betty McCollum (Democratic)Peter J. Visclosky (Democratic)Eleanor Holmes Norton (Democratic)Bonnie Watson Coleman (Democratic)James P. McGovern (Democratic)Eddie Bernice Johnson (Democratic)Albio Sires (Democratic)Nanette Diaz Barragán (Democratic)
Small Business Committee, Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Superfund Enhancement Act of 2018 This bill amends the Internal Revenue Code to: (1) reinstate the Hazardous Substance Superfund financing rate (the Superfund tax) beginning on January 1, 2018; and (2) allow certain small businesses to expense up to $10,000 of the costs for relocating a trade or business carried on in a location which is situated on, or adjacent to, a site which is on, or proposed for, the national priorities list under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980. The bill also makes small businesses and individuals that are relocating from a Superfund site eligible for certain Small Business Administration disaster loans.
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Taxation
Business expensesCorporate finance and managementDisaster relief and insuranceGovernment lending and loan guaranteesGovernment trust fundsHazardous wastes and toxic substancesIncome tax deductionsPollution liabilitySmall business
To amend the Internal Revenue Code of 1986 and the Small Business Act to reduce costs for certain businesses required to relocate from a Superfund site, and for other purposes.
USA115th CongressHR-5669| House
| Updated: 5/1/2018
Superfund Enhancement Act of 2018 This bill amends the Internal Revenue Code to: (1) reinstate the Hazardous Substance Superfund financing rate (the Superfund tax) beginning on January 1, 2018; and (2) allow certain small businesses to expense up to $10,000 of the costs for relocating a trade or business carried on in a location which is situated on, or adjacent to, a site which is on, or proposed for, the national priorities list under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980. The bill also makes small businesses and individuals that are relocating from a Superfund site eligible for certain Small Business Administration disaster loans.
View Full TextSuggested Questions
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Nydia M. Velázquez
Democratic Representative
New York
Cosponsors (17)
Robert C. "Bobby" Scott (Democratic)Barbara Lee (Democratic)Raúl M. Grijalva (Democratic)Sheila Jackson Lee (Democratic)Madeleine Z. Bordallo (Democratic)Carol Shea-Porter (Democratic)Donald M. Payne (Democratic)Adriano Espaillat (Democratic)Luis V. Gutierrez (Democratic)Betty McCollum (Democratic)Peter J. Visclosky (Democratic)Eleanor Holmes Norton (Democratic)Bonnie Watson Coleman (Democratic)James P. McGovern (Democratic)Eddie Bernice Johnson (Democratic)Albio Sires (Democratic)Nanette Diaz Barragán (Democratic)
Small Business Committee, Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business expensesCorporate finance and managementDisaster relief and insuranceGovernment lending and loan guaranteesGovernment trust fundsHazardous wastes and toxic substancesIncome tax deductionsPollution liabilitySmall business