Superfund for Hurricane Accountability and Recovery Act of 2005
Official title: To amend the Internal Revenue Code of 1986 to extend the financing for Superfund for purposes of cleanup activities with respect to Hurricanes Katrina and Rita, and for other purposes.
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Referred to the Subcommittee on Environment and Hazardous Materials, for a period to be subsequently determined by the Chairman.
Superfund for Hurricane Accountability and Recovery Act of 2005 - Amends the Internal Revenue Code to make permanent: (1) the Hazardous Substance Superfund financing rate; and (2) the corporate environmental income tax.
Increases by 50%, between January 1, 2006, and December 31, 2008: (1) such financing rate; and (2) the excise tax per ton for certain chemicals. Increases the corporate environmental income tax rate from .12% to .18% during the same period.
Establishes a Gulf Hurricanes Cleanup Account in the Hazardous Substance Superfund. Directs the Secretary of the Treasury to transfer to such Account the temporary tax increases imposed by this Act. Provides that amounts in such Account shall be made available for remediation of hazardous substance releases (or threatened releases) caused or exacerbated by Hurricanes Katrina or Rita.
Requires the Administrator of the Environmental Protection Agency to report to Congress on Hurricane Katrina and Rita cleanup activities.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 4481: Superfund for Hurricane Accountability and Recovery Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-4481/
"H.R. 4481: Superfund for Hurricane Accountability and Recovery Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-4481/.
H.R. 4481, 109th Cong. (2026), https://openamerica.io/bill/109-HR-4481/.
[H.R. 4481: Superfund for Hurricane Accountability and Recovery Act of 2005](https://openamerica.io/bill/109-HR-4481/)