3.0.0 3157 2022-02-08T23:22:51Z 2022-02-08T23:22:51Z Senate S 2020-01-08 116 ssfi00 Finance Committee Senate Standing Referred to 2020-01-08T22:29:08Z 2020-01-08 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2020-01-08 Introduced in Senate IntroReferral 10000 9 Library of Congress B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ N Taxation Government trust funds Hazardous wastes and toxic substances Inflation and prices Oil and gas Pollution liability Sales and excise taxes Taxation 00 2020-01-08 Introduced in Senate 2020-01-31T12:45:39Z Superfund Polluter Pays Restoration Act of 2020

This bill amends the Internal Revenue Code to: (1) reinstate the Hazardous Substance Superfund financing rate beginning 60 days after enactment of this bill; (2) increase such rate from 9.7 cents to 15.8 cents per barrel of crude oil (adjusted for inflation after 2019); (3) reinstate and increase the rates of tax on taxable chemicals (adjusted for inflation after 2019); and (4) modify the definition of "crude oil" to include any bitumen or bituminous mixture, any oil derived from such mixture (including oil derived from tar sands), and any oil derived form kerogen-bearing sources (including oil derived from oil shale).

The bill amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to allow the use of the Superfund for environmental remediation without further appropriation.

]]> Superfund Polluter Pays Restoration Act of 2020 Display Title Superfund Polluter Pays Restoration Act of 2020 Short Title(s) as Introduced Superfund Polluter Pays Restoration Act of 2020 Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to reinstate the financing for the Hazardous Substance Superfund, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-01-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3157is/xml/BILLS-116s3157is.xml 2020-01-08 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.