US HB5101 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on November 14 2019 - 25% progression, died in committee
Action: 2019-11-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 14 2019 - 25% progression, died in committee
Action: 2019-11-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Reinstates and extends the Hazardous Substance Superfund Financing rate through 2023 and increases the rate to 16.3 cents a barrel, adjusted for inflation beginning after 2019. 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.
Title
Superfund Polluter Pays Act
Sponsors
| Rep. Frank Pallone [D-NJ] | Rep. Bill Pascrell [D-NJ] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-11-14 | House | Referred to the House Committee on Ways and Means. |
| 2019-11-14 | House | Introduced in House |
Same As/Similar To
HB4088 (Related) 2019-07-29 - Referred to the Subcommittee on Environment and Climate Change.
Subjects
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
Taxation
Government trust funds
Hazardous wastes and toxic substances
Income tax rates
Inflation and prices
Oil and gas
Pollution liability
Sales and excise taxes
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/5101/all-info |
| Text | https://www.congress.gov/116/bills/hr5101/BILLS-116hr5101ih.pdf |
