HR 2703
117th Congress
House
Taxation
Corporate finance and management
Government trust funds
Hazardous wastes and toxic substances
Income tax rates
Inflation and prices
Oil and gas
Pollution liability
Sales and excise taxes
Superfund Polluter Pays Act
Introduced: April 20, 2021
Introduced by:
Pallone, Frank
Democratic
· New Jersey
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 20, 2021
Referred to the House Committee on Ways and Means.
Apr 20, 2021
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1