A substitute amendment on a previous legislative day that eliminates the bill's Superfund Excise Tax. It would raise about $8.2 billion over five years with a combination of oil, chemical and wasteend taxes similar to the bill, plus $2.3 billion from general revenues, compared to $180 million in the bill. It includes a corporate surcharge that would be triggered after three years if EPA and the Treasury Department determine additional revenues are necessary.

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Amendment Number
695
Description
A substitute amendment on a previous legislative day that eliminates the bill's Superfund Excise Tax. It would raise about $8.2 billion over five years with a combination of oil, chemical and wasteend taxes similar to the bill, plus $2.3 billion from general revenues, compared to $180 million in the bill. It includes a corporate surcharge that would be triggered after three years if EPA and the Treasury Department determine additional revenues are necessary.
Congress
99
Type
HAMDT
Latest Action Date
Dec 10, 1985
Latest Action Text
Amendment Failed of Passage in Committee of Whole by Recorded Vote: 74 - 349 (Record Vote No: 443).
Submitted Date
Dec 6, 1985
Chamber
House of Representatives
Update Date
Jun 30, 2021
Amendment 695 — Informed