[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3125 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 3125

 To amend the Internal Revenue Code of 1986 to extend the financing of 
                             the Superfund.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 16, 2010

  Mr. Nelson of Florida introduced the following bill; which was read 
             twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to extend the financing of 
                             the Superfund.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Superfund Polluter Pays Act''.

SEC. 2. EXTENSION OF SUPERFUND EXCISE TAX.

    (a) In General.--
            (1) Extension.--Section 4611(e) of the Internal Revenue 
        Code of 1986 is amended to read as follows:
    ``(e) Application of Hazardous Substance Superfund Financing 
Rate.--The Hazardous Substance Superfund financing rate under this 
section shall apply after December 31, 1986, and before January 1, 
1996, and after the date of the enactment of this subsection and before 
January 1, 2019.''.
            (2) Modification of hazardous substance superfund financing 
        rate.--Section 4611(c)(2)(A) of such Code is amended by 
        striking ``9.7 cents'' and inserting ``17.0 cents''.
            (3) Inflation adjustment.--Section 4611(c) of such Code is 
        amended by adding at the end the following new paragraph:
            ``(3) Adjustment for inflation.--
                    ``(A) In general.--In the case of any taxable year 
                beginning after December 31, 2010, the amount under 
                paragraph (2)(A) shall be increased by an amount equal 
                to--
                            ``(i) such amount, multiplied by
                            ``(ii) the cost-of-living adjustment 
                        determined under section 1(f)(3) for the 
                        calendar year in which such taxable year begins 
                        by substituting `calendar year 2009' for 
                        `calendar year 1992' in subparagraph (B) 
                        thereof.
                    ``(B) Rounding.--If any increase determined under 
                this paragraph is not a multiple of 0.1 cents, such 
                increase shall be rounded to the next lowest multiple 
                of 0.1 cents.''.
    (b) Modification of Rate of Tax on Certain Chemicals.--Section 
4661(b) of the Internal Revenue Code of 1986 is amended to read as 
follows:
    ``(b) Amount of Tax.--
            ``(1) In general.--The amount of tax imposed by subsection 
        (a) shall be determined in accordance with the following table:


------------------------------------------------------------------------
                                                The tax is the following
              ``In the case of:                      amount per ton
------------------------------------------------------------------------
Acetylene....................................                     $12.81
Benzene......................................                      12.81
Butane.......................................                      12.81
Butylene.....................................                      12.81
Butadiene....................................                      12.81
Ethylene.....................................                      12.81
Methane......................................                       9.05
Napthalene...................................                      12.81
Propylene....................................                      12.81
Toluene......................................                      12.81
Xylene.......................................                      12.81
Ammonia......................................                       6.94
Antimony.....................................                      11.70
Antimony trioxide............................                       9.86
Arsenic......................................                      11.70
Arsenic trioxide.............................                       8.97
Barium sulfide...............................                       6.05
Bromine......................................                      11.70
Cadmium......................................                      11.70
Chlorine.....................................                       7.10
Chromium.....................................                      11.70
Chromite.....................................                       4.00
Potassium dichromate.........................                       4.44
Sodium dichromate............................                       4.92
Cobalt.......................................                      11.70
Cupric sulfate...............................                       4.92
Cupric oxide.................................                       9.44
Cuprous oxide................................                      10.44
Hydrochloric acid............................                       0.76
Hydrogen fluoride............................                      11.12
Lead oxide...................................                      10.89
Mercury......................................                      11.70
Nickel.......................................                      11.70
Phosphorus...................................                      11.70
Stannous chloride............................                       7.50
Stannic chloride.............................                       5.58
Zinc chloride................................                       5.84
Zinc sulfate.................................                       5.00
Potassium hydroxide..........................                       0.58
Sodium hydroxide.............................                       0.74
Sulfuric acid................................                       0.68
Nitric acid..................................                      0.63.
------------------------------------------------------------------------

            ``(2) Adjustment for inflation.--
                    ``(A) In general.--In the case of any taxable year 
                beginning after December 31, 2010, each of the dollar 
                amounts in the table in paragraph (1) shall be 
                increased by an amount equal to--
                            ``(i) such amount, multiplied by
                            ``(ii) the cost-of-living adjustment 
                        determined under section 1(f)(3) for the 
                        calendar year in which such taxable year begins 
                        by substituting `calendar year 2009' for 
                        `calendar year 1992' in subparagraph (B) 
                        thereof.
                    ``(B) Rounding.--If any increase determined under 
                this paragraph is not a multiple of $0.01, such 
                increase shall be rounded to the next lowest multiple 
                of $0.01.''.
    (c) Technical Amendments.--
            (1) Section 4611(b) of the Internal Revenue Code of 1986 is 
        amended--
                    (A) by striking ``or exported from'' in paragraph 
                (1)(A),
                    (B) by striking ``or exportation'' in paragraph 
                (1)(B), and
                    (C) by striking ``and Exportation'' in the heading.
            (2) Section 4611(d)(3) of such Code is amended--
                    (A) by striking ``or exporting the crude oil, as 
                the case may be'' in the text and inserting ``the crude 
                oil'', and
                    (B) by striking ``or exports'' in the heading.
    (d) Effective Dates.--The amendments made by this section shall 
take effect on the date of the enactment of this Act.
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