Superfund Polluter Pays Act
USA116th CongressHR-5101| House
| Updated: 11/14/2019
Frank Pallone
Democratic Representative
New Jersey
Cosponsors (1)
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 2023 and increases the rate to 16.3 cents a barrel, adjusted for inflation beginning after 2019. 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
Introduced in House
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
USA116th CongressHR-5101| House
| Updated: 11/14/2019
Superfund Polluter Pays Act This bill reinstates and extends the Hazardous Substance Superfund Financing rate through 2023 and increases the rate to 16.3 cents a barrel, adjusted for inflation beginning after 2019. 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 TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Frank Pallone
Democratic Representative
New Jersey
Cosponsors (1)
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