Superfund Polluter Pays Restoration Act of 2020

II 116TH CONGRESS 2D SESSION S. 3157 To amend the Internal Revenue Code of 1986 to reinstate the financing for the Hazardous Substance Superfund, and for other purposes. IN THE SENATE OF THE UNITED STATES JANUARY 8, 2020 Mr. BOOKER 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. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Superfund Polluter 4 Pays Restoration Act of 2020’’. 5 SEC. 2. EXTENSION AND MODIFICATION OF SUPERFUND 6 EXCISE TAXES. 7 (a) EXTENSION.—Subsection (e) of section 4611 of 8 the Internal Revenue Code of 1986 is amended to read 9 as follows: 10 VerDate Sep 11 2014 22:01 Jan 10, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S3157.IS S3157 lotter on DSKBCFDHB2PROD with BILLS 2 •S 3157 IS ‘‘(e) APPLICATION OF HAZARDOUS SUBSTANCE 1 SUPERFUND FINANCING RATE.—The Hazardous Sub- 2 stance Superfund financing rate under this section shall 3 apply after December 31, 1986, and before January 1, 4 1996, and after the date that is 60 days after the date 5 of the enactment of the Superfund Polluter Pays Restora- 6 tion Act of 2020.’’. 7 (b) MODIFICATION OF HAZARDOUS SUBSTANCE 8 SUPERFUND FINANCING RATE.— 9 (1) IN GENERAL.—Section 4611(c)(2)(A) of 10 such Code is amended by striking ‘‘9.7 cents’’ and 11 inserting ‘‘15.8 cents’’. 12 (2) INFLATION ADJUSTMENT.—Section 4611(c) 13 of such Code is amended by adding at the end the 14 following new paragraph: 15 ‘‘(3) ADJUSTMENT FOR INFLATION.— 16 ‘‘(A) IN GENERAL.—In the case of any 17 taxable year beginning after December 31, 18 2019, the amount under paragraph (2)(A) shall 19 be increased by an amount equal to— 20 ‘‘(i) such amount, multiplied by 21 ‘‘(ii) the cost-of-living adjustment de- 22 termined under section 1(f)(3) for the cal- 23 endar year in which such taxable year be- 24 gins by substituting ‘calendar year 2018’ 25 VerDate Sep 11 2014 22:01 Jan 10, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S3157.IS S3157 lotter on DSKBCFDHB2PROD with BILLS 3 •S 3157 IS for ‘calendar year 1992’ in subparagraph 1 (A)(ii) thereof. 2 ‘‘(B) ROUNDING.—If any increase deter- 3 mined under this paragraph is not a multiple of 4 0.1 cents, such increase shall be rounded to the 5 next lowest multiple of 0.1 cents.’’. 6 (c) MODIFICATION OF RATE OF TAX ON CERTAIN 7 CHEMICALS.—Section 4661(b) of the Internal Revenue 8 Code of 1986 is amended to read as follows: 9 ‘‘(b) AMOUNT OF TAX.— 10 ‘‘(1) IN GENERAL.—The amount of tax imposed 11 by subsection (a) shall be determined in accordance 12 with the following table: 13 ‘‘In the case of: The tax is the following amount per ton: Acetylene ................................................................. $11.78 Benzene ................................................................... 11.78 Butane .................................................................... 11.78 Butylene .................................................................. 11.78 Butadiene ................................................................ 11.78 Ethylene .................................................................. 11.78 Methane .................................................................. 8.32 Napthalene .............................................................. 11.78 Propylene ................................................................ 11.78 Toluene ................................................................... 11.78 Xylene ..................................................................... 11.78 Ammonia ................................................................. 6.39 Antimony ................................................................ 10.77 Antimony trioxide ................................................... 9.07 Arsenic .................................................................... 10.77 Arsenic trioxide ....................................................... 8.25 Barium sulfide ........................................................ 5.56 Bromine .................................................................. 10.77 Cadmium ................................................................. 10.77 Chlorine .................................................................. 6.53 Chromium ............................................................... 10.77 Chromite ................................................................. 3.68 Potassium dichromate ............................................ 4.09 VerDate Sep 11 2014 01:56 Jan 09, 2020 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S3157.IS S3157 lotter on DSKBCFDHB2PROD with BILLS 4 •S 3157 IS ‘‘In the case of: The tax is the following amount per ton: Sodium dichromate ................................................. 4.52 Cobalt ...................................................................... 10.77 Cupric sulfate ......................................................... 4.52 Cupric oxide ............................................................ 8.69 Cuprous oxide ......................................................... 9.60 Hydrochloric acid .................................................... 0.70 Hydrogen fluoride ................................................... 10.23 Lead oxide .............................................................. 10.02 Mercury ................................................................... 10.77 Nickel ...................................................................... 10.77 Phosphorus ............................................................. 10.77 Stannous chloride ................................................... 6.90 Stannic chloride ...................................................... 5.13 Zinc chloride ........................................................... 5.37 Zinc sulfate ............................................................. 4.60 Potassium hydroxide ............................................... 0.53 Sodium hydroxide ................................................... 0.68 Sulfuric acid ........................................................... 0.63 Nitric acid ............................................................... 0.58. ‘‘(2) ADJUSTMENT FOR INFLATION.— 1 ‘‘(A) IN GENERAL.—In the case of any 2 taxable year beginning after December 31, 3 2019, each of the dollar amounts in the table 4 in paragraph (1) shall be increased by an 5 amount equal to— 6 ‘‘(i) such amount, multiplied by 7 ‘‘(ii) the cost-of-living adjustment de- 8 termined under section 1(f)(3) for the cal- 9 endar year in which such taxable year be- 10 gins by substituting ‘calendar year 2018’ 11 for ‘calendar year 1992’ in subparagraph 12 (A)(ii) thereof. 13 ‘‘(B) ROUNDING.—If any increase deter- 14 mined under this paragraph is not a multiple of 15 VerDate Sep 11 2014 01:56 Jan 09, 2020 Jkt 099200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S3157.IS S3157 lotter on DSKBCFDHB2PROD with BILLS 5 •S 3157 IS $0.01, such increase shall be rounded to the 1 next lowest multiple of $0.01.’’. 2 (d) EFFECTIVE DATE.—The amendments made by 3 this section shall apply to oil and petroleum products re- 4 ceived or entered during calendar quarters beginning more 5 than 60 days after the date of the enactment of this Act. 6 SEC. 3. CLARIFICATION OF DEFINITION OF CRUDE OIL FOR 7 EXCISE TAX PURPOSES. 8 (a) DEFINITION OF CRUDE OIL.—Paragraph (1) of 9 section 4612(a) of the Internal Revenue Code of 1986 is 10 amended to read as follows: 11 ‘‘(1) CRUDE OIL.—The term ‘crude oil’ includes 12 crude oil condensates, natural gasoline, any bitumen 13 or bituminous mixture, any oil derived from a bitu- 14 men or bituminous mixture (including oil derived 15 from tar sands), and any oil derived from kerogen- 16 bearing sources (including oil derived from oil 17 shale).’’. 18 (b) EFFECTIVE DATE.—The amendment made by 19 this section shall apply to oil and petroleum products re- 20 ceived or entered during calendar quarters beginning more 21 than 60 days after the date of the enactment of this Act. 22 VerDate Sep 11 2014 01:56 Jan 09, 2020 Jkt 099200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\S3157.IS S3157 lotter on DSKBCFDHB2PROD with BILLS 6 •S 3157 IS SEC. 4. USE OF HAZARDOUS SUBSTANCE SUPERFUND FOR 1 CLEANUP. 2 (a) AVAILABILITY OF AMOUNTS.—Section 111 of the 3 Comprehensive Environmental Response, Compensation, 4 and Liability Act of 1980 (42 U.S.C. 9611) is amended— 5 (1) in subsection (a) by striking ‘‘For the pur- 6 poses specified’’ and all that follows through ‘‘for 7 the following purposes:’’ and inserting the following: 8 ‘‘The amount in the Hazardous Substance Super- 9 fund established under section 9507 of the Internal 10 Revenue Code of 1986 shall be available, without 11 further appropriation, to be used for the purposes 12 specified in this section. The President shall use 13 such amount for the following purposes:’’; and 14 (2) in subsection (c)— 15 (A) by striking ‘‘Subject to such amounts 16 as are provided in appropriations Acts, the’’ 17 each place it appears and inserting ‘‘The’’; and 18 (B) in paragraph (12) by striking ‘‘to the 19 extent that such costs’’ and all that follows 20 through ‘‘and 1994’’. 21 (b) AMENDMENT TO THE INTERNAL REVENUE 22 CODE.—Section 9507 of the Internal Revenue Code of 23 1986 is amended— 24 (1) in subsection (c)(1)— 25 VerDate Sep 11 2014 01:56 Jan 09, 2020 Jkt 099200 PO 00000 Frm 00006 Fmt 6652 Sfmt 6201 E:\BILLS\S3157.IS S3157 lotter on DSKBCFDHB2PROD with BILLS 7 •S 3157 IS (A) by striking ‘‘, as provided in appro- 1 priations Acts,’’; and 2 (B) by striking ‘‘the Superfund Amend- 3 ments and Reauthorization Act of 1986’’ in 4 subparagraph (A)(i) thereof and inserting ‘‘the 5 Superfund Polluter Pays Restoration Act of 6 2020’’; and 7 (2) in subsection (d)(3), by striking subpara- 8 graph (B) and redesignating subparagraph (C) as 9 subparagraph (B). 10 Æ VerDate Sep 11 2014 22:01 Jan 10, 2020 Jkt 099200 PO 00000 Frm 00007 Fmt 6652 Sfmt 6301 E:\BILLS\S3157.IS S3157 lotter on DSKBCFDHB2PROD with BILLS