HR 2882 116th Congress House Taxation Business expenses Corporate finance and management Government lending and loan guarantees Government trust funds Hazardous wastes and toxic substances Income tax deductions Income tax rates Inflation and prices Oil and gas Pollution liability Sales and excise taxes Small business

Superfund Enhancement Act of 2019

Introduced: May 21, 2019 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 21, 2019

Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

May 21, 2019

Introduced in House

Plain-English summary Congressional Research Service

Superfund Enhancement Act of 2019

This bill reinstates and increases the Hazardous Substance Superfund financing rate from 9.7 cents to 15.8 cents and allows certain small businesses to expense up to $10,000 of the costs of relocating a trade or business carried on in a location on or near a site proposed for inclusion on the national priorities list under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980.

The bill directs the Small Business Administration (SBA) to make disaster loans to small business concerns whose principal place of business is located on a Superfund site and authorizes the SBA to make economic injury loans to such business concerns.

The bill also modifies the definition of crude oil for excise tax purposes.

What's happening now May 21, 2019

Committees of jurisdiction 2