Federal superfund program

In the meantime, taxpayers should review their operations and supply chain practices to determine if any of these superfund excise taxes could apply to their business operations.

On December 14, , the IRS released Notice , which provides guidance on reinstated excise taxes. Read on for more details on the…. Legislation in 21 states allows pass-through entities to elect to have state income tax directly imposed on the entities. Read on for…. Ericka Hernandez. Related Industries. Commercial Services.

Contact DEP. Page Content. Superfund What is Superfund? The law created a tax on the chemical and petroleum industries to: Identify and respond to sites from which releases of hazardous substances into the environment have occurred or could potentially occur; Ensure they are cleaned up by responsible parties or through government funding; and Evaluate damages to natural resources.

The Brownfields Law amended the CERCLA or 'Superfund' Law and also: provided funding for EPA assessment and cleanup of brownfield properties exempted Superfund liability for contiguous property owners and prospective purchasers clarified appropriate inquiry for innocent landowners authorized funding for state response programs limited EPA enforcement authority at sites cleaned up under a state response program For more information on the Brownfields Program in Pennsylvania see the Bureau of Environmental Cleanup and Brownfields, Land Recycling Program's website.

Entities seeking to buy poperty that may be contaminated with hazardous substances will have to assess those sites using formal investigatory criteria set out in a final rule if they want Superfund liability protection.

Hazardous Sites Cleanup Program. Multi-Site Remediation Agreements. Storage Tank Cleanup Program. Natural Resource Damage Assessment. EPA is adding and proposing sites to the NPL where releases of contamination pose significant human health and environmental risks. Read the news release Learn about the NPL. To protect public health and the environment, the Superfund program focuses on making a visible and lasting difference in communities, ensuring that people can live and work in healthy, vibrant places.

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