To amend the Internal Revenue Code of 1986 to extend the financing of the Superfund.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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