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S. 3157: Superfund Polluter Pays Restoration Act of 2020


The text of the bill below is as of Jan 8, 2020 (Introduced).


II

116th CONGRESS

2d Session

S. 3157

IN THE SENATE OF THE UNITED STATES

January 8, 2020

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 reinstate the financing for the Hazardous Substance Superfund, and for other purposes.

1.

Short title

This Act may be cited as the Superfund Polluter Pays Restoration Act of 2020.

2.

Extension and modification of Superfund excise taxes

(a)

Extension

Subsection (e) of section 4611 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 that is 60 days after the date of the enactment of the Superfund Polluter Pays Restoration Act of 2020.

.

(b)

Modification of Hazardous Substance Superfund financing rate

(1)

In general

Section 4611(c)(2)(A) of such Code is amended by striking 9.7 cents and inserting 15.8 cents.

(2)

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, 2019, 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 2018 for calendar year 1992 in subparagraph (A)(ii) 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.

.

(c)

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:

In the case of:The tax is the following
amount per ton:
Acetylene$11.78
Benzene11.78
Butane11.78
Butylene11.78
Butadiene11.78
Ethylene11.78
Methane8.32
Napthalene11.78
Propylene11.78
Toluene11.78
Xylene11.78
Ammonia6.39
Antimony10.77
Antimony trioxide9.07
Arsenic10.77
Arsenic trioxide8.25
Barium sulfide5.56
Bromine10.77
Cadmium10.77
Chlorine6.53
Chromium10.77
Chromite3.68
Potassium dichromate4.09
Sodium dichromate4.52
Cobalt10.77
Cupric sulfate4.52
Cupric oxide8.69
Cuprous oxide9.60
Hydrochloric acid0.70
Hydrogen fluoride10.23
Lead oxide10.02
Mercury10.77
Nickel10.77
Phosphorus10.77
Stannous chloride6.90
Stannic chloride5.13
Zinc chloride5.37
Zinc sulfate4.60
Potassium hydroxide0.53
Sodium hydroxide0.68
Sulfuric acid0.63
Nitric acid0.58.
(2)

Adjustment for inflation

(A)

In general

In the case of any taxable year beginning after December 31, 2019, 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 2018 for calendar year 1992 in subparagraph (A)(ii) 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.

.

(d)

Effective date

The amendments made by this section shall apply to oil and petroleum products received or entered during calendar quarters beginning more than 60 days after the date of the enactment of this Act.

3.

Clarification of definition of crude oil for excise tax purposes

(a)

Definition of crude oil

Paragraph (1) of section 4612(a) of the Internal Revenue Code of 1986 is amended to read as follows:

(1)

Crude oil

The term crude oil includes crude oil condensates, natural gasoline, any bitumen or bituminous mixture, any oil derived from a bitumen or bituminous mixture (including oil derived from tar sands), and any oil derived from kerogen-bearing sources (including oil derived from oil shale).

.

(b)

Effective date

The amendment made by this section shall apply to oil and petroleum products received or entered during calendar quarters beginning more than 60 days after the date of the enactment of this Act.

4.

Use of Hazardous Substance Superfund for cleanup

(a)

Availability of amounts

Section 111 of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. 9611) is amended—

(1)

in subsection (a) by striking For the purposes specified and all that follows through for the following purposes: and inserting the following: The amount in the Hazardous Substance Superfund established under section 9507 of the Internal Revenue Code of 1986 shall be available, without further appropriation, to be used for the purposes specified in this section. The President shall use such amount for the following purposes:; and

(2)

in subsection (c)—

(A)

by striking Subject to such amounts as are provided in appropriations Acts, the each place it appears and inserting The; and

(B)

in paragraph (12) by striking to the extent that such costs and all that follows through and 1994.

(b)

Amendment to the Internal Revenue Code

Section 9507 of the Internal Revenue Code of 1986 is amended—

(1)

in subsection (c)(1)—

(A)

by striking , as provided in appropriations Acts,; and

(B)

by striking the Superfund Amendments and Reauthorization Act of 1986 in subparagraph (A)(i) thereof and inserting the Superfund Polluter Pays Restoration Act of 2020; and

(2)

in subsection (d)(3), by striking subparagraph (B) and redesignating subparagraph (C) as subparagraph (B).