Superfund for Hurricane Accountability and Recovery Act of 2005

Bill: 109-hr-4481
Sponsor: Rep. Hinchey, Maurice D. [D-NY-22]
Introduced: 2005-12-08 in the House
Policy area: Taxation
Subjects: Alabama
Chemicals
Commerce
Congress
Congressional reporting requirements
Corporation taxes
Cost accounting
Economics and Public Finance
Emergency Management
Energy
Environmental Protection
Excise tax
Floods
Government Operations and Politics
Government contractors
Government trust funds
Hazardous wastes
Hurricane aftermath legislation
Hurricanes
Income tax
Liability for environmental damages
Louisiana
Mississippi
Petroleum
Soil pollution
Tax rates
Texas
Water pollution control

Summary:
action_date: 2005-12-08
text: 
Superfund for Hurricane Accountability and Recovery Act of 2005 - Amends the Internal Revenue Code to make permanent: (1) the Hazardous Substance Superfund financing rate; and (2) the corporate environmental income tax. 
 
Increases by 50%, between January 1, 2006, and December 31, 2008: (1) such financing rate; and (2) the excise tax per ton for certain chemicals. Increases the corporate environmental income tax rate from .12% to .18% during the same period.
 
Establishes a Gulf Hurricanes Cleanup Account in the Hazardous Substance Superfund. Directs the Secretary of the Treasury to transfer to such Account the temporary tax increases imposed by this Act. Provides that amounts in such Account shall be made available for remediation of hazardous substance releases (or threatened releases) caused or exacerbated by Hurricanes Katrina or Rita. 
 
Requires the Administrator of the Environmental Protection Agency to report to Congress on Hurricane Katrina and Rita cleanup activities.


Legislative actions:
action_date: 2005-12-16
text: Referred to the Subcommittee on Environment and Hazardous Materials, for a period to be subsequently determined by the Chairman.
action_date: 2005-12-09
text: Referred to the Subcommittee on Water Resources and Environment.
action_date: 2005-12-08
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, 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 committee concerned.
action_date: 2005-12-08
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, 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 committee concerned.
action_date: 2005-12-08
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, 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 committee concerned.
action_date: 2005-12-08
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, 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 committee concerned.
action_date: 2005-12-08
text: Introduced in House
action_date: 2005-12-08
text: Introduced in House