H.R. 5101 · 116th Congress
Superfund Polluter Pays Act
- Stage
- In committee
- Sponsor
- Frank Pallone
- Introduced
- 2019-11-14
- Latest action
- 2019-11-14 · Introduced in House
Summary
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.