Bill > HR2783

This bill, titled the Superfund Polluter Pays Act, aims to reinstate and extend certain taxes that fund the Hazardous Substance Superfund, a program dedicated to cleaning up contaminated sites. Specifically, it would bring back and continue 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 a corporation's modified alternative minimum taxable income (a measure of a company's income that is subject to a special tax calculation, excluding certain deductions). These taxes, which had previously expired or were set to expire, would be extended through December 31, 2020, ensuring continued funding for Superfund cleanups by making polluters contribute to the cost of remediation.