I 
114TH CONGRESS 
1ST SESSION H. R. 2783 
To amend the Internal Revenue Code of 1986 to extend the financing of 
the Superfund. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 15, 2015 
Mr. PALLONE (for himself, Mr. BLUMENAUER, and Mr. PASCRELL) introduced 
the following bill; which was referred to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to extend 
the financing of the Superfund. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Superfund Polluter 
Pays Act’’. 
SEC. 2. EXTENSION OF SUPERFUND TAXES. 
(a) EXCISE TAXES.— 
(1) IN GENERAL.—Section 4611(e) of the Inter-
nal Revenue Code of 1986 is amended to read as fol-
lows: 
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‘‘(e) APPLICATION
OF
HAZARDOUS
SUBSTANCE 
SUPERFUND FINANCING RATE.—The Hazardous Sub-
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 this sub-
section and before January 1, 2021.’’. 
(2) TECHNICAL AMENDMENTS.— 
(A) Section 4611(b) of such Code is 
amended— 
(i) by striking ‘‘or exported from’’ in 
paragraph (1)(A), 
(ii) by striking ‘‘or exportation’’ in 
paragraph (1)(B), and 
(iii) by striking ‘‘AND EXPORTATION’’ 
in the heading. 
(B) Section 4611(d)(3) of such Code is 
amended— 
(i) by striking ‘‘or exporting the crude 
oil, as the case may be’’ in the text and in-
serting ‘‘the crude oil’’, and 
(ii) by striking ‘‘OR EXPORTS’’ in the 
heading. 
(b) CORPORATE ENVIRONMENTAL INCOME TAX.— 
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(1) Subchapter A of chapter 1 of the Internal 
Revenue Code of 1986 is amended to read as fol-
lows: 
‘‘PART VII—ENVIRONMENTAL TAX 
‘‘Sec. 59A. 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) $2,000,000. 
‘‘(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— 
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‘‘(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.— 
‘‘(1) SHORT TAXABLE YEARS.—The application 
of this section to taxable years of less than 12 
months shall be in accordance with regulations pre-
scribed by the Secretary. 
‘‘(2) SECTION 15 NOT TO APPLY.—Section 15 
shall not apply to the tax imposed by this section. 
‘‘(e) APPLICATION OF TAX.—The tax imposed by this 
section shall apply to taxable years beginning after the 
date of the enactment of this subsection and before Janu-
ary 1, 2021.’’. 
(2) CONFORMING AMENDMENTS.— 
(A) Paragraph (2) of section 26(b) of such 
Code is amended by inserting after subpara-
graph (A) the following: 
‘‘(B) section 59A (relating to environ-
mental tax),’’. 
(B) Section 164(a) of such Code is amend-
ed by adding at the end the following: 
‘‘(5) The environmental tax imposed by section 
59A.’’. 
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(C) Section 275(a) of such Code is amend-
ed by adding at the end the following: ‘‘Para-
graph (1) shall not apply to the tax imposed by 
section 59A.’’. 
(D) Section 882(a)(1) of such Code is 
amended by inserting ‘‘59A,’’ after ‘‘55,’’. 
(E) Section 1561(a) of such Code is 
amended— 
(i) by striking ‘‘and’’ at the end of 
paragraph (2), by striking the period at 
the end of paragraph (3) and inserting ‘‘, 
and’’, and by inserting after paragraph (3) 
the following: 
‘‘(4) one $2,000,000 amount for purposes of 
computing the tax imposed by section 59A.’’; and 
(ii) 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)’’. 
(F) Section 6425(c)(1)(A) of such Code is 
amended by striking ‘‘plus’’ at end of clause (i), 
by striking ‘‘over’’ and inserting ‘‘plus’’ at the 
end of clause (ii), and by inserting after clause 
(ii) the following: 
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‘‘(iii) the tax imposed by section 59A, 
over’’. 
(G) Section 6655 of such Code is amend-
ed— 
(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 adding 
at the end 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’’. 
(H) Section 9507(b)(1) of such Code is 
amended by inserting ‘‘59A,’’ after ‘‘section’’. 
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(I) 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: 
‘‘PART VII. ENVIRONMENTAL TAX’’. 
(c) EFFECTIVE DATES.— 
(1) EXCISE TAXES.—The amendments made by 
subsections (a) and (c) shall take effect on the date 
of the enactment of this Act. 
(2) INCOME
TAX.—The amendment made by 
subsection (b) shall apply to taxable years beginning 
after the date of the enactment of this Act. 
Æ 
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