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