,i #aaith ,,congress #b;d ,session ,h4 ,r4 #hfcb ,,in ,,the ,,house ,,of ,,representatives ,april #cj1 #bjbf,ms4 ,snchez introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to impose an excise tax on the sale of perfluoroalkyl or polyfluoroalkyl substances1 to establish a credit for expenditures paid or incurred for the removal of such substances from public water systems1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,pfas ,cleanup ,act4 #b4 ,congressional findings ,the ,congress finds the following3 7#a7 ,,pfas pollution results in significant health harms and social costs1 including-- 7,a7 an estimated annual cost as high as #fj1jjj1jjj1jjj with respect to the impact of such pollution on health1 and 7,b7 an estimated cost of between #g1jjj1jjj and #cj1jjj1jjj per pound of such pollution with respect to its removal from drinking water4 7#b7 ,raising revenues to partially address the significant costs resulting from ,,pfas pollution would complement other avenues for addressing such costs1 including regulatory efforts by ,states and communities to hold ,,pfas polluters accountable4 #c4 ,,pfas excise tax imposed 7a7 ,in general ,chapter #ch of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subchapter3 ,e ,tax on perfluoroalkyl and polyfluoroalkyl substances ,sec4 #dfia4 ,imposition of tax4 ,sec4 #dfib4 ,definitions and special rules4 #dfia4 ,imposition of tax 7a7 ,general rule ,there is hereby imposed a tax on any perfluoroalkyl or polyfluoroalkyl substance sold by the manufacturer1 producer1 or importer thereof4 7b7 ,amount of tax ,the amount of tax imposed by subsection 7a7 shall be equal to #de percent of the price for which the perfluoroalkyl or polyfluoroalkyl substance is sold4 #dfib4 ,definitions and special rules 7a7 ,definitions ,for purposes of this subchapter-- 7#a7 ,perfluoroalkyl or polyfluoroalkyl substance ,the term perfluoroalkyl or polyfluoroalkyl substance means any man-made chemical-- 7,a7 with at least one fully fluorinated carbon atom1 and 7,b7 which is manufactured or produced in the ,united ,states or entered into the ,united ,states for consumption1 use1 or warehousing4 7#b7 ,united ,states ,the term ,united ,states has the meaning given such term by section #dfab7;a77#d74 7#c7 ,importer ,the term importer means the person entering the perfluoroalkyl or polyfluoroalkyl substance for consumption1 use1 or warehousing4 7b7 ,use treated as sale ,if any person manufactures1 produces1 or imports any perfluoroalkyl or polyfluoroalkyl substance and uses such substance1 then such person shall be liable for tax under section #dfia in the same manner as if such substance were sold by such person 7at a price equal to the fair market value of such substance74 7c7 ,disposition of revenues from ,puerto ,rico and the ,virgin ,islands ,the provisions of subsections 7a77#c7 and 7b77#c7 of section #gfeb shall not apply to any tax imposed by section #dfia4 7d7 ,regulations ,the ,secretary1 in consultation with the ,administrator of the ,environmental ,protection ,agency1 shall prescribe such regulations or other guidance as may be necessary or appropriate to carry out the purposes of this subchapter4 4 7b7 ,clerical amendment ,the table of subchapters for chapter #ch of such ,code is amended by adding after the item relating to subchapter ,d the following new item3 ,subchapter ,e4 ,tax on perfluoroalkyl and polyfluoroalkyl substances4 4 7c7 ,effective date ,the amendments made by this section shall apply with respect to taxable years beginning after ,december #ca1 #bjbf4 #d4 ,,pfas water remediation credit established 7a7 ,in general ,subpart ,d of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new section3 #de;,,bb4 ,,pfas water remediation credit 7a7 ,allowance of credit ,for purposes of section #ch1 the ,,pfas water remediation credit for any taxable year is an amount equal to #be percent of the qualified ,,pfas water remediation expenditures paid or incurred by the taxpayer during the taxable year4 7b7 ,qualified ,,pfas water remediation expenditures ,for purposes of this section-- 7#a7 ,in general ,the term qualified ,,pfas water remediation expenditures means1 with respect to any public water system owned or operated by the taxpayer1 any expenditures paid or incurred by such taxpayer for the removal of any perfluoroalkyl or polyfluoroalkyl substance the presence of which within such public water system is hazardously excessive4 7#b7 ,hazardously excessive ,for purposes of paragraph 7#a71 the presence of any perfluoroalkyl or polyfluoroalkyl substance within a public water system shall be treated as hazardously excessive if the taxpayer establishes to the satisfaction of the ,secretary that the presence of such substance is in excess of the maximum contaminant level 7as defined in section #adja7c7 of the ,safe ,drinking ,water ,act7 promulgated by the ,administrator of the ,environmental ,protection ,agency for such substance pursuant to section #adab of the ,safe ,drinking ,water ,act4 7#c7 ,public water system ,the term public water system has the meaning given such term by section #adja7d7 of the ,safe ,drinking ,water ,act4 ,such term shall include any surface water system or ground water system4 7#d7 ,perfluoroalkyl or polyfluoroalkyl substance ,the term perfluoroalkyl or polyfluoroalkyl substance means any man-made chemical with at least one fully fluorinated carbon atom4 7c7 ,controlled groups ,rules similar to the rules of paragraph 7#a7 of section #da7;f7 shall apply for purposes of this section4 7d7 ,regulations ,the ,secretary1 in consultation with the ,administrator of the ,environmental ,protection ,agency1 shall prescribe such regulations or other guidance as may be necessary or appropriate to carry out the purposes of this section4 4 7b7 ,credit allowed as part of general business credit ,section #ch7;b7 of such ,code is amended by striking plus at the end of paragraph 7#dj71 by striking the period at the end of paragraph 7#da7 and inserting 1 plus1 and by adding at the end the following new paragraph3 7#db7 the ,,pfas water remediation credit determined under section #de;,,bb7a74 4 7c7 ,elective payment of credit ,section #fdag7;b7 of such ,code is amended by redesignating paragraphs 7#aj7 through 7#ab7 as paragraphs 7#aa7 through 7#ac71 respectively1 and by inserting after paragraph 7#i7 the following new paragraph3 7#aj7 ,the ,,pfas water remediation credit determined under section #de;,,bb7a74 4 7d7 ,clerical amendment ,the table of sections for subpart ,d of part ,,iv of subchapter ,a of chapter #a of such ,code is amended by adding after the item relating to section #de;,,aa the following new item3 ,sec4 #de;,,bb4 ,,pfas water remediation credit4 4 7e7 ,effective date ,the amendments made by this section shall apply with respect to taxable years beginning after ,december #ca1 #bjbf4