Legis Daily

Superfund Polluter Pays Act

USA117th CongressHR-2703| House 
| Updated: 4/20/2021
Frank Pallone

Frank Pallone

Democratic Representative

New Jersey

Cosponsors (5)
Darren Soto (Democratic)Donald M. Payne (Democratic)A. Donald McEachin (Democratic)Earl Blumenauer (Democratic)Bill Pascrell (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

HR 116-5101
Superfund Polluter Pays Act
Apr 20, 2021
Introduced in House
Apr 20, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-5101
    Superfund Polluter Pays Act


  • April 20, 2021
    Introduced in House


  • April 20, 2021
    Referred to the House Committee on Ways and Means.

Taxation

Corporate finance and managementGovernment trust fundsHazardous wastes and toxic substancesIncome tax ratesInflation and pricesOil and gasPollution liabilitySales and excise taxes

Superfund Polluter Pays Act

USA117th CongressHR-2703| House 
| Updated: 4/20/2021
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-5101
Superfund Polluter Pays Act
Apr 20, 2021
Introduced in House
Apr 20, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-5101
    Superfund Polluter Pays Act


  • April 20, 2021
    Introduced in House


  • April 20, 2021
    Referred to the House Committee on Ways and Means.
Frank Pallone

Frank Pallone

Democratic Representative

New Jersey

Cosponsors (5)
Darren Soto (Democratic)Donald M. Payne (Democratic)A. Donald McEachin (Democratic)Earl Blumenauer (Democratic)Bill Pascrell (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Corporate finance and managementGovernment trust fundsHazardous wastes and toxic substancesIncome tax ratesInflation and pricesOil and gasPollution liabilitySales and excise taxes