What is the official ID of this bill?

The official print number for this legislation is HR 2703.

When did the legislative process begin?

The process officially started on 2021-04-20.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/hr2703/BILLS-117hr2703ih.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

Who is the primary sponsor?

The primary sponsor is Rep. Pallone, Frank, Jr. [D-NJ-6].

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Analysis and Potential Impact of HR 2703

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Superfund Polluter Pays Act: New Corporate Taxes to Finance the Superfund.

Q: What are the main provisions?

Key points include: Amendment of the Hazardous Substance Superfund financing rate from 9.7 cents to 16.3 cents and establishment of tax rates for chemicals (e.g., benzene, chlorine), with inflation adjustments. Imposition of an environmental tax of 0.12% on corporations for the excess of modified environmental tax taxable income over $3.13 million (adjusted for inflation). Extension of the financing of the Superfund, with the new corporate tax applying to taxable years beginning before January 1, 2027.

The Act amends the Internal Revenue Code of 1986 to extend the financing of the Superfund. It reinstates and increases the Hazardous Substance Superfund financing rate on crude oil and establishes excise tax rates for specific chemicals. It also introduces a new environmental tax on corporations whose modified taxable income exceeds a specific threshold.

Key points

Amendment of the Hazardous Substance Superfund financing rate from 9.7 cents to 16.3 cents and establishment of tax rates for chemicals (e.g., benzene, chlorine), with inflation adjustments.

Imposition of an environmental tax of 0.12% on corporations for the excess of modified environmental tax taxable income over $3.13 million (adjusted for inflation).

Extension of the financing of the Superfund, with the new corporate tax applying to taxable years beginning before January 1, 2027.

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Additional Information

Superfund Polluter Pays Act

Print number: HR 2703

Sponsor: Rep. Pallone, Frank, Jr. [D-NJ-6]

Process start date: 2021-04-20

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-3-pro-preview

Source data: api.congress.gov

AI work logs for this document launch

Superfund Polluter Pays Act: New Corporate Taxes to Finance the Superfund.

Key Questions about Superfund Polluter Pays Act: New Corporate Taxes to Finance the Superfund.