Bill Sponsor
House Bill 2882
116th Congress(2019-2020)
Superfund Enhancement Act of 2019
Introduced
Introduced
Introduced in House on May 21, 2019
Overview
Text
Introduced
May 21, 2019
Latest Action
May 21, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2882
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Superfund Enhancement Act of 2019

This bill reinstates and increases the Hazardous Substance Superfund financing rate from 9.7 cents to 15.8 cents and allows certain small businesses to expense up to $10,000 of the costs of relocating a trade or business carried on in a location on or near a site proposed for inclusion on the national priorities list under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980.

The bill directs the Small Business Administration (SBA) to make disaster loans to small business concerns whose principal place of business is located on a Superfund site and authorizes the SBA to make economic injury loans to such business concerns.

The bill also modifies the definition of crude oil for excise tax purposes.

Text (1)
Actions (2)
05/21/2019
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, 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.
05/21/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 5:47:43 AM