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Superfund Polluter Pays: Restoring Taxes for Environmental Cleanup

This act reinstates and modifies taxes on hazardous substances to fund environmental cleanups. This means companies producing or importing crude oil and chemicals will pay more, with the collected funds dedicated to removing pollution, potentially improving environmental quality in your community.
Key points
Oil and chemical companies will face higher taxes to replenish the Superfund.
The definition of taxable crude oil will be expanded to include new types of raw materials.
Superfund monies will be available without further appropriations, speeding up environmental cleanup efforts.
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Additional Information
Print number: 117_S_2183
Sponsor: Sen. Booker, Cory A. [D-NJ]
Process start date: 2021-06-22