Superfund for Hurricane Accountability and Recovery Act of 2005

Bill Number

HR 4481

Introduced

Dec 8, 2005

Latest Action

Referred to the Subcommittee on Environment and Hazardous Materials, for a period to be subsequently determined by the C ...

Sponsor

Cosponsors

Topics

Alabama Chemicals Commerce Congress Congressional reporting requirements Corporation taxes Cost accounting Economics and Public Finance Emergency Management Energy Environmental Protection Excise tax Floods Government contractors Government Operations and Politics Government trust funds Hazardous wastes Hurricane aftermath legislation Hurricanes Income tax Liability for environmental damages Louisiana Mississippi Petroleum Soil pollution Tax rates Taxation Texas Water pollution control

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Votes

Summary

Superfund for Hurricane Accountability and Recovery Act of 2005 - Amends the Internal Revenue Code to make permanent: (1) the Hazardous Substance Superfund financing rate; and (2) the corporate environmental income tax.

Increases by 50%, between January 1, 2006, and December 31, 2008: (1) such financing rate; and (2) the excise tax per ton for certain chemicals. Increases the corporate environmental income tax rate from .12% to .18% during the same period.

Establishes a Gulf Hurricanes Cleanup Account in the Hazardous Substance Superfund. Directs the Secretary of the Treasury to transfer to such Account the temporary tax increases imposed by this Act. Provides that amounts in such Account shall be made available for remediation of hazardous substance releases (or threatened releases) caused or exacerbated by Hurricanes Katrina or Rita.

Requires the Administrator of the Environmental Protection Agency to report to Congress on Hurricane Katrina and Rita cleanup activities.

Actions

Dec 16, 2005

Referred to the Subcommittee on Environment and Hazardous Materials, for a period to be subsequently determined by the Chairman.
Dec 9, 2005

Referred to the Subcommittee on Water Resources and Environment.
Dec 8, 2005

Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 8, 2005

Introduced in House

Amendments

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