(B) in paragraph (12) by striking ‘‘to the 
extent that such costs’’ and all that follows 
through ‘‘and 1994’’. 
(b) AMENDMENT
TO
THE
INTERNAL
REVENUE 
CODE.—Section 9507 of the Internal Revenue Code of 
1986 is amended— 
(1) by striking ‘‘appropriated to’’ in subsection 
(a)(1) and inserting ‘‘made available for’’; 
(2) by striking ‘‘appropriated’’ in subsection (b) 
and inserting ‘‘transferred’’; 
(3) by striking ‘‘, as provided in appropriations 
Acts,’’ in subsection (c)(1); and 
(4) by striking ‘‘December 31, 1995’’ in sub-
section (d)(3)(B) and inserting ‘‘December 31, 
2024’’. 
SEC. 3. BUDGETARY TREATMENT OF HAZARDOUS SUB-
STANCE SUPERFUND. 
Notwithstanding any other provision of law, the re-
ceipts and disbursements of the Hazardous Substance 
Superfund established in section 9507 of the Internal Rev-
enue Code of 1986— 
(1) shall not be counted as new budget author-
ity, outlays, receipts, or deficit or surplus for pur-
poses of— 
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(A) the budget of the United States Gov-
ernment as submitted by the President; 
(B) the congressional budget (including al-
locations of budget authority and outlays pro-
vided therein); 
(C) the Balanced Budget and Emergency 
Deficit Control Act of 1985; or 
(D) the Statutory Pay-As-You-Go Act of 
2010; 
(2) shall be exempt from any general budget 
limitation imposed by statute on expenditures and 
net lending (budget outlays) of the United States 
Government; and 
(3) shall be available only for the purposes 
specified in section 111 of the Comprehensive Envi-
ronmental Response, Compensation, and Liability 
Act of 1980 (42 U.S.C. 9611). 
SEC. 4. MODIFICATION OF SUPERFUND TAXES. 
(a) HAZARDOUS SUBSTANCE SUPERFUND FINANC-
ING RATE.— 
(1) EXTENSION.—Subsection (e) of section 
4611 of the Internal Revenue Code of 1986 is 
amended to read as follows: 
‘‘(e) APPLICATION
OF
HAZARDOUS
SUBSTANCE 
SUPERFUND FINANCING RATE.—The Hazardous Sub-
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stance Superfund financing rate under this section shall 
apply after December 31, 1986, and before January 1, 
1996, and after the date of the enactment of the Super-
fund Reinvestment Act and before January 1, 2027.’’. 
(2) ADJUSTMENT FOR INFLATION.— 
(A) Section 4611(c)(2)(A) of such Code is 
amended by striking ‘‘9.7 cents’’ and inserting 
‘‘16.3 cents’’. 
(B) Section 4611(c) of such Code is 
amended by adding at the end the following: 
‘‘(3) ADJUSTMENT FOR INFLATION.— 
‘‘(A) IN GENERAL.—In the case of a year 
beginning after 2018, the amount in paragraph 
(2)(A) shall be increased by an amount equal 
to— 
‘‘(i) such amount, multiplied by 
‘‘(ii) the cost-of-living adjustment de-
termined under section 1(f)(3) for the cal-
endar year, determined by substituting 
‘calendar year 2017’ for ‘calendar year 
1992’ in subparagraph (B) thereof. 
‘‘(B) ROUNDING.—If any amount as ad-
justed under subparagraph (A) is not a multiple 
of $0.01, such amount shall be rounded to the 
next lowest multiple of $0.01.’’. 
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(b) ADJUSTMENT
OF EXCISE TAX
ON CERTAIN 
CHEMICALS FOR INFLATION.—Section 4661(b) of such 
Code is amended to read as follows: 
‘‘(b) AMOUNT OF TAX.— 
‘‘(1) IN GENERAL.—The amount of the tax im-
posed by subsection (a) shall be determined in ac-
cordance with the following table: 
‘‘In the case of: 
The tax is the following 
amount per ton: 
Acetylene 
$11.35
Benzene 
11.35
Butane 
11.35
Butylene 
11.35
Butadiene 
11.35
Ethylene 
11.35
Methane 
8.02
Naphthalene 
11.35
Propylene 
11.35
Toluene 
11.35
Xylene 
11.35
Ammonia 
6.15
Antimony 
10.37
Antimony trioxide 
8.74
Arsenic 
10.37
Arsenic trioxide 
7.95
Barium sulfide 
5.36
Bromine 
10.37
Cadmium 
10.37
Chlorine 
6.29
Chromium 
10.37
Chromite 
3.54
Potassium dichromate 
3.94
Sodium dichromate 
4.36
Cobalt 
10.37
Cupric sulfate 
4.36
Cupric oxide 
8.37
Cuprous oxide 
9.25
Hydrochloric acid 
0.68
Hydrogen fluoride 
9.86
Lead oxide 
9.65
Mercury 
10.37
Nickel 
10.37
Phosphorus 
10.37
Stannous chloride 
6.64
Stannic chloride 
4.94
Zinc chloride 
5.17
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‘‘In the case of: 
The tax is the following 
amount per ton: 
Zinc sulfate 
4.43
Potassium hydroxide 
0.51
Sodium hydroxide 
0.65
Sulfuric acid 
0.61
Nitric acid 
0.56. 
‘‘(2) ADJUSTMENT FOR INFLATION.— 
‘‘(A) IN GENERAL.—In the case of a cal-
endar year beginning after 2018, each of the 
amounts in the table in paragraph (1) shall be 
increased by an amount equal to— 
‘‘(i) such amount, multiplied by 
‘‘(ii) the cost-of-living adjustment de-
termined under section 1(f)(3) for the cal-
endar year, determined by substituting 
‘calendar year 2017’ for ‘calendar year 
1992’ in subparagraph (B) thereof. 
‘‘(B) ROUNDING.—If any amount as ad-
justed under subparagraph (A) is not a multiple 
of $0.01, such amount shall be rounded to the 
next lowest multiple of $0.01.’’. 
(c) CORPORATE ENVIRONMENTAL INCOME TAX RE-
INSTATED.— 
(1) IN GENERAL.—Subchapter A of chapter 1 
of such Code is amended by inserting after part VI 
the following: 
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‘‘PART VII—ENVIRONMENTAL TAX 
‘‘SEC. 59A. ENVIRONMENTAL TAX. 
‘‘(a) IMPOSITION OF TAX.—In the case of a corpora-
tion, there is hereby imposed (in addition to any other tax 
imposed by this subtitle) a tax equal to 0.12 percent of 
the excess of— 
‘‘(1) the modified alternative minimum taxable 
income of such corporation for the taxable year, over 
‘‘(2) $3,735,000. 
‘‘(b) MODIFIED ALTERNATIVE MINIMUM TAXABLE 
INCOME.—For purposes of this section, the term ‘modified 
alternative minimum taxable income’ means alternative 
minimum taxable income (as defined in section 55(b)(2)) 
but determined without regard to— 
‘‘(1) the alternative tax net operating loss de-
duction (as defined in section 56(d)), and 
‘‘(2) the deduction allowed under section 
164(a)(5). 
‘‘(c) EXCEPTION FOR RICS AND REITS.—The tax 
imposed by subsection (a) shall not apply to— 
‘‘(1) a regulated investment company to which 
part I of subchapter M applies, and 
‘‘(2) a real estate investment trust to which 
part II of subchapter M applies. 
‘‘(d) SPECIAL RULES.— 
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(E) Section 882(a)(1) of such Code is 
amended by inserting ‘‘59A,’’ after ‘‘55,’’. 
(F) Section 1561(a) of such Code is 
amended— 
(i) by striking ‘‘and’’ at the end of 
paragraph (2), 
(ii) by striking the period at the end 
of paragraph (3) and inserting ‘‘, and’’, 
(iii) by inserting after paragraph (3) 
the following: 
‘‘(4) one dollar amount in effect under section 
59A(a)(2) for the taxable year for purposes of com-
puting the tax imposed by section 59A.’’, and 
(iv) by striking ‘‘and the amount spec-
ified in paragraph (3)’’ and inserting ‘‘, 
the amount specified in paragraph (3), and 
the amount specified in paragraph (4)’’. 
(G) Section 6425(c)(1)(A) of such Code is 
amended by striking ‘‘plus’’ at end of clause (i), 
by inserting ‘‘plus’’ at the end of clause (ii), 
and by inserting after clause (ii) the following: 
‘‘(iii) the tax imposed by section 59A, 
over’’. 
(H) Section 6655 of such Code is amend-
ed— 
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(i) in subsections (e)(2)(A)(i) and 
(e)(2)(B)(i), by striking ‘‘taxable income 
and alternative minimum taxable income’’ 
and inserting ‘‘taxable income, alternative 
minimum taxable income, and modified al-
ternative minimum taxable income’’, 
(ii) in subsection (e)(2)(B), by insert-
ing after clause (ii) the following: 
‘‘(iii) MODIFIED
ALTERNATIVE
MIN-
IMUM TAXABLE INCOME.—The term ‘modi-
fied alternative minimum taxable income’ 
has the meaning given to such term by sec-
tion 59A(b).’’, and 
(iii) in subsection (g)(1)(A), by strik-
ing ‘‘plus’’ at the end of clause (ii), by re-
designating clause (iii) as clause (iv) and 
by inserting after clause (ii) the following: 
‘‘(iii) the tax imposed by section 59A, 
plus’’. 
(I) Section 9507(b)(1) of such Code is 
amended by inserting ‘‘59A,’’ before ‘‘4611’’. 
(3) CLERICAL
AMENDMENT.—The table of 
parts for subchapter A of chapter 1 of such Code is 
amended by inserting after the item relating to part 
VI the following new item: 
‘‘PART VII. ENVIRONMENTAL TAX’’. 
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(d) CLARIFICATION OF TAR SANDS AS CRUDE OIL 
FOR EXCISE TAX PURPOSES.— 
(1) IN GENERAL.—Section 4612(a)(1) of such 
Code is amended to read as follows: 
‘‘(1) CRUDE OIL.—The term ‘crude oil’ includes 
crude oil condensates, natural gasoline, any bitumen 
or bituminous mixture, any oil derived from a bitu-
men or bituminous mixture (including oil derived 
from tar sands), and any oil derived from kerogen- 
bearing sources (including oil derived from oil 
shale).’’. 
(2) 
TECHNICAL
AMENDMENT.—Section 
4612(a)(2) of such Code is amended by striking 
‘‘from a well located’’. 
(e) TECHNICAL AMENDMENTS.— 
(1) Subsection (b) of section 4611 of such Code 
is amended— 
(A) by striking ‘‘or exported from’’ in 
paragraph (1)(A); 
(B) by striking ‘‘or exportation’’ in para-
graph (1)(B); and 
(C) by striking ‘‘AND EXPORTATION’’ in 
the heading thereof. 
(2) Paragraph (3) of section 4611(d) of such 
Code is amended— 
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(A) by striking ‘‘or exporting the crude oil, 
as the case may be’’ and inserting ‘‘the crude 
oil’’; and 
(B) by striking ‘‘OR
EXPORTS’’ in the 
heading thereof. 
(f) EFFECTIVE DATE.— 
(1) IN GENERAL.—Except as provided in para-
graph (2), the amendments made by this section 
shall apply to oil and petroleum products received or 
entered during calendar quarters beginning after 
December 31, 2017. 
(2) 
CORPORATE
ENVIRONMENTAL
INCOME 
TAX.—The amendment made by section 4(c) shall 
apply to taxable years beginning after December 31, 
2017. 
SEC. 5. APPLICABILITY. 
(a) IN GENERAL.—Except as provided in section 4(f), 
this Act (including the amendments made by this Act) 
shall apply to fiscal years beginning after September 30, 
2017. 
Æ 
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