,,ii #aacth ,,congress #b;d ,session ,s4 #bfgi ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #bi1 #bjad ,mr4 ,booker 7for himself1 ,mr4 ,menendez1 and ,mrs4 ,boxer7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to reinstate the financing for the ,hazardous ,substance ,superfund1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,superfund ,polluter ,pays ,restoration ,act of #bjad4 #b4 ,extension and modification of ,superfund excise taxes 7a7 ,extension ,subsection 7e7 of section #dfaa of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7e7 ,application of hazardous substance superfund financing rate ,the ,hazardous ,substance ,superfund financing rate under this section shall apply after ,december #ca1 #aihf1 and before ,january #a1 #aiif1 and after the date that is #fj days after the date of the enactment of the ,superfund ,polluter ,pays ,restoration ,act of #bjad4 4 7b7 ,modification of ,hazardous ,substance ,superfund financing rate 7#a7 ,in general ,section #dfaa7;c77#b77;,a7 of such ,code is amended by striking #i4g cents and inserting #ae4h cents4 7#b7 ,inflation adjustment ,section #dfaa7;c7 of such ,code is amended by adding at the end the following new paragraph3 7#c7 ,adjustment for inflation 7,a7 ,in general ,in the case of any taxable year beginning after ,december #ca1 #bjad1 the amount under paragraph 7#b77;,a7 shall be increased by an amount equal to-- 7i7 such amount1 multiplied by 7ii7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which such taxable year begins by substituting calendar year #bjac for calendar year #aiib in subparagraph 7,b7 thereof4 7,b7 ,rounding ,if any increase determined under this paragraph is not a multiple of #j4a cents1 such increase shall be rounded to the next lowest multiple of #j4a cents4 4 7c7 ,modification of rate of tax on certain chemicals ,section #dffa7;b7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7b7 ,amount of tax 7#a7 ,in general ,the amount of tax imposed by subsection 7a7 shall be determined in accordance with the following table3 ,in the case of3,the tax is the following amount per ton3 ,acetylene#aa4jj ,benzene#aa4jj ,butane#aa4jj ,butylene#aa4jj ,butadiene#aa4jj ,ethylene#aa4jj ,methane#g4gg ,napthalene#aa4jj ,propylene#aa4jj ,toluene#aa4jj ,xylene#aa4jj ,ammonia#e4if ,antimony#aj4je ,antimony trioxide#h4dg ,arsenic#aj4je ,arsenic trioxide#g4gj ,barium sulfide#e4ai ,bromine#aj4je ,cadmium#aj4je ,chlorine#f4aj ,chromium#aj4je ,chromite#c4dc ,potassium dichromate#c4hb ,sodium dichromate#d4bb ,cobalt#aj4je ,cupric sulfate#d4bb ,cupric oxide#h4aa ,cuprous oxide#h4if ,hydrochloric acid#j4fe ,hydrogen fluoride#i4ee ,lead oxide#i4ce ,mercury#aj4je ,nickel#aj4je ,phosphorus#aj4je ,stannous chloride#f4dc ,stannic chloride#d4gi ,zinc chloride#e4ja ,zinc sulfate#d4bi ,potassium hydroxide#j4ej ,sodium hydroxide#j4fc ,sulfuric acid#j4ei ,nitric acid#j4ed4 7#b7 ,adjustment for inflation 7,a7 ,in general ,in the case of any taxable year beginning after ,december #ca1 #bjad1 each of the dollar amounts in the table in paragraph 7#a7 shall be increased by an amount equal to-- 7i7 such amount1 multiplied by 7ii7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which such taxable year begins by substituting calendar year #bjac for calendar year #aiib in subparagraph 7,b7 thereof4 7,b7 ,rounding ,if any increase determined under this paragraph is not a multiple of #j4ja1 such increase shall be rounded to the next lowest multiple of #j4ja4 4 7d7 ,effective date ,the amendments made by this section shall apply to oil and petroleum products received or entered during calendar quarters beginning more than #fj days after the date of the enactment of this ,act4 #c4 ,clarification of definition of crude oil for excise tax purposes 7a7 ,definition of crude oil ,paragraph 7#a7 of section #dfab7;a7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7#a7 ,crude oil ,the term crude oil includes crude oil condensates1 natural gasoline1 any bitumen or bituminous mixture1 any oil derived from a bitumen or bituminous mixture 7including oil derived from tar sands71 and any oil derived from kerogen-bearing sources 7including oil derived from oil shale74 4 7b7 ,effective date ,the amendment made by this section shall apply to oil and petroleum products received or entered during calendar quarters beginning more than #fj days after the date of the enactment of this ,act4 #d4 ,use of ,hazardous ,substance ,superfund for cleanup 7a7 ,availability of amounts ,section #aaa of the ,comprehensive ,environmental ,response1 ,compensation1 and ,liability ,act of #aihj 7#db ,u4,s4,c4 #ifaa7 is amended-- 7#a7 in subsection 7a7 by striking ,for the purposes specified and all that follows through for the following purposes3 and inserting the following3 ,the amount in the ,hazardous ,substance ,superfund established under section #iejg of the ,internal ,revenue ,code of #aihf shall be available1 without further appropriation1 to be used for the purposes specified in this section4 ,the ,president shall use such amount for the following purposes32 and 7#b7 in subsection 7c7-- 7,a7 by striking ,subject to such amounts as are provided in appropriations ,acts1 the each place it appears and inserting ,the2 and 7,b7 in paragraph 7#ab7 by striking to the extent that such costs and all that follows through and #aiid4 7b7 ,amendment to the ,internal ,revenue ,code ,section #iejg of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 in subsection 7c77#a7-- 7,a7 by striking 1 as provided in appropriations ,acts12 and 7,b7 by striking the ,superfund ,amendments and ,reauthorization ,act of #aihf in clause 7i7 thereof and inserting the ,superfund ,polluter ,pays ,restoration ,act of #bjad2 and 7#b7 in subsection 7d77#c71 by striking subparagraph 7,b7 and redesignating subparagraph 7,c7 as subparagraph 7,b74