I 
114TH CONGRESS 
1ST SESSION H. R. 2768 
To amend the Internal Revenue Code of 1986 to provide for the use of 
funds in the Hazardous Substance Superfund for the purposes for which 
they were collected, to ensure adequate resources for the cleanup of 
hazardous substances under the Comprehensive Environmental Response, 
Compensation, and Liability Act of 1980, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 15, 2015 
Mr. BLUMENAUER (for himself, Mr. KEATING, Ms. NORTON, Mr. GRIJALVA, 
Mr. GUTIE´RREZ, Mr. BEYER, Mr. HONDA, Ms. SLAUGHTER, Mr. PAL-
LONE, Mr. PASCRELL, Mr. CONNOLLY, Ms. JUDY CHU of California, Mr. 
CONYERS, Mr. SCHIFF, Mr. CARTWRIGHT, Mr. HUFFMAN, and Mr. 
MCNERNEY) introduced the following bill; which was referred to the Com-
mittee on Ways and Means, and in addition to the Committees on Trans-
portation and Infrastructure, Energy and Commerce, and the Budget, 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 com-
mittee concerned 
A BILL 
To amend the Internal Revenue Code of 1986 to provide 
for the use of funds in the Hazardous Substance Super-
fund for the purposes for which they were collected, 
to ensure adequate resources for the cleanup of haz-
ardous substances under the Comprehensive Environ-
mental Response, Compensation, and Liability Act of 
1980, and for other purposes. 
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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 Reinvest-
ment Act’’. 
SEC. 2. USE OF HAZARDOUS SUBSTANCE SUPERFUND FOR 
CLEANUP. 
(a) AVAILABILITY OF AMOUNTS.—Section 111 of the 
Comprehensive Environmental Response, Compensation, 
and Liability Act of 1980 (42 U.S.C. 9611) is amended— 
(1) in subsection (a) by striking ‘‘For the pur-
poses specified’’ and all that follows through ‘‘for 
the following purposes:’’ and inserting the following: 
‘‘The amount in the Hazardous Substance Super-
fund established under section 9507 of the Internal 
Revenue Code of 1986 shall be available, without 
further appropriation, to be used for the purposes 
specified in this section. The President shall use 
such amount for the following purposes:’’; and 
(2) in subsection (c)— 
(A) by striking ‘‘Subject to such amounts 
as are provided in appropriations Acts, the’’ 
each place it appears and inserting ‘‘The’’; and 
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(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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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, 2025.’’. 
(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 2016, 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 2015’ 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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‘‘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 2016, 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 2015’ 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 the 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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‘‘(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) ADJUSTMENT FOR INFLATION.— 
‘‘(1) IN GENERAL.—In the case of a taxable 
year beginning after 2016, the dollar amount in sub-
section (a)(2) shall be increased by an amount equal 
to— 
‘‘(A) such amount, multiplied by 
‘‘(B) the cost-of-living adjustment deter-
mined under section 1(f)(3) for the calendar 
year in which the taxable year begins, deter-
mined by substituting ‘calendar year 2015’ for 
‘calendar year 1992’ in subparagraph (B) 
thereof. 
‘‘(2) ROUNDING.—If any amount as adjusted 
under subparagraph (A) is not a multiple of $1,000, 
such amount shall be rounded to the next lowest 
multiple of $1,000. 
‘‘(f) APPLICATION OF TAX.—The tax imposed by this 
section shall apply to taxable years ending after the date 
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of the enactment of the Superfund Reinvestment Act and 
beginning before January 1, 2025.’’. 
(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 30A(c) of such Code is amend-
ed by redesignating paragraphs (1), (2), and 
(3) as paragraphs (2), (3), and (4), respec-
tively, and by inserting before paragraph (2) 
(as so redesignated) the following: 
‘‘(1) section 59A (relating to environmental 
tax),’’. 
(C) Subsection (a) of section 164 of such 
Code is amended by inserting after paragraph 
(4) the following: 
‘‘(5) The environmental tax imposed by section 
59A.’’. 
(D) Section 275(a) of such Code is amend-
ed by inserting at the end the following flush 
sentence: ‘‘Paragraph (1) shall not apply to the 
tax imposed by section 59A.’’. 
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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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