Bill > HR1634

This bill, titled the Superfund Polluter Pays Act, amends the Internal Revenue Code to reinstate two taxes related to the Hazardous Substance Superfund, a fund used to clean up uncontrolled or abandoned hazardous waste sites. Specifically, it extends the Hazardous Substance Superfund financing rate, which is an excise tax on certain chemicals and petroleum products, and the corporate environmental income tax, which is a tax on large corporations. Both of these taxes are reinstated until January 1, 2019, meaning that companies that produce or import hazardous substances and large corporations will again be subject to these taxes for a defined period, contributing to the funding of environmental cleanup efforts.