,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #bghc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #ae1 #bjae ,mr4 
,pallone 7= himself1 ,mr4 ,blum5au]1 &  
,mr4 ,pascrell7 introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on ,ways &
 ,means  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to ext5d ! f9anc+ 
( ! ,sup]fund4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,sup]fund ,pollut] 
,pays ,act4  #b4 ,ext5sion ( ,sup]fund  
taxes  7a7 ,excise taxes  7#a7 ,9 g5]al 
,section #dfaa7;e7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ to read z foll[s3
  7e7 ,application ( haz>d\s sub/ance   
sup]fund f9anc+ rate ,! ,haz>d\s        
,sub/ance ,sup]fund f9anc+ rate "u ?is  
section %all apply aft] ,decemb] #ca1   
#aihf1 & be=e ,janu>y #a1 #aiif1 & aft] 
! date ( ! enactm5t ( ?is subsection &  
be=e ,janu>y #a1 #bjba4  4  7#b7        
,te*nical am5dm5ts  7,a7 ,section       
#dfaa7;b7 ( su* ,code is am5d$-- 7i7 by 
/rik+ or export$ f 9 p>agraph 7#a77;,a71
  7ii7 by /rik+ or exportation 9        

p>agraph 7#a77;,b71 &  7iii7 by /rik+ & 
exportation 9 ! head+4  7,b7 ,section   
#dfaa7;d77#c7 ( su* ,code is am5d$-- 7i7
 by /rik+ or export+ ! crude oil1 z !   
case may be 9 ! text & ins]t+ ! crude   
oil1 &  7ii7 by /rik+ or exports 9 !    
head+4  7b7 ,corporate environm5tal     
income tax  7#a7 ,sub*apt] ,a ( *apt] #a
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ to read z foll[s3  ,,vii          
,environm5tal tax  ,sec4 #ei;,a4        
,environm5tal tax4  #ei;,a4             
,environm5tal tax  7a7 ,imposition ( tax
 ,9 ! case ( a corporation1 !re is h]eby
 impos$ 79 addition to any o!r tax      
impos$ by ?is subtitle7 a tax equal to  
#j4ab p]c5t ( ! excess (--  7#a7 !      
modifi$ alt]native m9imum taxable income
 ( su* corporation = ! taxable ye>1 ov] 
7#b7 #b1jjj1jjj4  7b7 ,modifi$          
alt]native m9imum taxable income ,=     
purposes ( ?is section1 ! t]m modifi$   
alt]native m9imum taxable income means  
alt]native m9imum taxable income 7z     
def9$ 9 section #ee7;b77#b77 b det]m9$  

)\t reg>d to--  7#a7 ! alt]native tax   
net op]at+ loss d$uction 7z def9$ 9     
section #ef7;d771 &  7#b7 ! d$uction    
all[$ "u section #afd7;a77#e74  7c7     
,exception = ,r,i,cs & ,r,e,i,ts ,! tax 
impos$ by subsection 7a7 %all n apply   
to-- 7#a7 a regulat$ inve/m5t company to
 :i* "p ,i ( sub*apt] ,m applies1 &     
7#b7 a real e/ate inve/m5t tru/ to :i*  
"p ,,ii ( sub*apt] ,m applies4  7d7     
,special rules  7#a7 ,%ort taxable ye>s 
,! application ( ?is section to taxable 
ye>s ( less ?an #ab mon?s %all be 9     
accordance ) regulations prescrib$ by ! 
,secret>y4  7#b7 ,section #ae n to apply
 ,section #ae %all n apply to ! tax     
impos$ by ?is section4  7e7 ,application
 ( tax ,! tax impos$ by ?is section %all
 apply to taxable ye>s beg9n+ aft] !    
date ( ! enactm5t ( ?is subsection &    
be=e ,janu>y #a1 #bjba4  4  7#b7 ,con=m+
 am5dm5ts  7,a7 ,p>agraph 7#b7 ( section
 #bf7;b7 ( su* ,code is am5d$ by ins]t+ 
aft] subp>agraph 7,a7 ! foll[+3  7,b7   
section #ei;,a 7relat+ to environm5tal  

tax71  4  7,b7 ,section #afd7;a7 ( su*  
,code is am5d$ by add+ at ! end !       
foll[+3  7#e7 ,! environm5tal tax impos$
 by section #ei;,a4  4  7,c7 ,section   
#bge7;a7 ( su* ,code is am5d$ by add+ at
 ! end ! foll[+3 ,p>agraph 7#a7 %all n  
apply to ! tax impos$ by section        
#ei;,a44  7,d7 ,section #hhb7;a77#a7 (  
su* ,code is am5d$ by ins]t+ #ei;,a1    
aft] #ee14  7,e7 ,section #aefa7;a7 (   
su* ,code is am5d$--  7i7 by /rik+ & at 
! end ( p>agraph 7#b71 by /rik+ ! p]iod 
at ! end ( p>agraph 7#c7 & ins]t+ 1 &1 &
 by ins]t+ aft] p>agraph 7#c7 ! foll[+3 
7#d7 "o #b1jjj1jjj am\nt = purposes (   
comput+ ! tax impos$ by section #ei;,a4 
2 &  7ii7 by /rik+ & ! am\nt specifi$ 9 
p>agraph 7#c7 & ins]t+ 1 ! am\nt        
specifi$ 9 p>agraph 7#c71 & ! am\nt     
specifi$ 9 p>agraph 7#d74  7,f7 ,section
 #fdbe7;c77#a77;,a7 ( su* ,code is am5d$
 by /rik+ plus at end ( clause 7i71 by  
/rik+ ov] & ins]t+ plus at ! end (      
clause 7ii71 & by ins]t+ aft] clause    
7ii7 ! foll[+3  7iii7 ! tax impos$ by   

section #ei;,a1 ov]  4  7,g7 ,section   
#ffee ( su* ,code is am5d$--  7i7 9     
subsections 7e77#b77;,a77i7 &           
7e77#b77;,b77i71 by /rik+ taxable income
 & alt]native m9imum taxable income &   
ins]t+ taxable income1 alt]native m9imum
 taxable income1 & modifi$ alt]native   
m9imum taxable income1  7ii7 9          
subsection 7e77#b77;,b71 by add+ at !   
end ! foll[+3  7iii7 ,modifi$ alt]native
 m9imum taxable income ,! t]m modifi$   
alt]native m9imum taxable income has !  
mean+ giv5 to su* t]m by section        
#ei;,a7b74  1 &  7iii7 9 subsection     
7g77#a77;,a71 by /rik+ plus at ! end (  
clause 7ii71 by r$esignat+ clause 7iii7 
z clause 7iv71 & by ins]t+ aft] clause  
7ii7 ! foll[+3  7iii7 ! tax impos$ by   
section #ei;,a1 plus  4  7,h7 ,section  
#iejg7;b77#a7 ( su* ,code is am5d$ by   
ins]t+ #ei;,a1 aft] section4  7,i7 ,!   
table ( p>ts = sub*apt] ,a ( *apt] #a ( 
su* ,code is am5d$ by ins]t+ aft] ! item
 relat+ to "p ,,vi ! foll[+3  ,"p ,,vii4
 ,environm5tal tax  4  7c7 ,effective   

dates  7#a7 ,excise taxes ,! am5dm5ts   
made by subsections 7a7 & 7c7 %all take 
effect on ! date ( ! enactm5t ( ?is     
,act4  7#b7 ,income tax ,! am5dm5t made 
by subsection 7b7 %all apply to taxable 
ye>s beg9n+ aft] ! date ( ! enactm5t (  
?is ,act4