US SB2679 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on July 29 2014 - 25% progression, died in committee
Action: 2014-07-29 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 29 2014 - 25% progression, died in committee
Action: 2014-07-29 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Superfund Polluter Pays Restoration Act of 2014 - Amends the Internal Revenue Code to: (1) reinstate the Hazardous Substance Superfund financing rate beginning 60 days after enactment of this Act; (2) increase such rate from 9.7 cents to 15.8 cents per barrel of crude oil; (3) adjust for inflation in taxable years beginning after 2014 the $3.5 billion Superfund threshold after which no tax is imposed; (4) reinstate and increase the rates of tax on taxable chemicals; (5) 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); and (6) allow the use of the Superfund for environmental remediation without further appropriation.
Title
Superfund Polluter Pays Restoration Act of 2014
Sponsors
Sen. Cory Booker [D-NJ] | Sen. Barbara Boxer [D-CA] | Sen. Carl Levin [D-MI] | Sen. Robert Menendez [D-NJ] |
Sen. Sheldon Whitehouse [D-RI] |
History
Date | Chamber | Action |
---|---|---|
2014-07-29 | Senate | Read twice and referred to the Committee on Finance. |
2014-07-29 | Senate | Sponsor introductory remarks on measure. (CR S5053) |
Subjects
Government trust funds
Hazardous wastes and toxic substances
Inflation and prices
Oil and gas
Pollution liability
Sales and excise taxes
Taxation
Hazardous wastes and toxic substances
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/113th-congress/senate-bill/2679/all-info |
Text | https://www.congress.gov/113/bills/s2679/BILLS-113s2679is.pdf |