H.R. 2703 · 117th Congress
Superfund Polluter Pays Act
- Stage
- In committee
- Sponsor
- Frank Pallone
- Introduced
- 2021-04-20
- Latest action
- 2021-04-20 · Introduced in House
Summary
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.