To amend the Internal Revenue Code of 1986 to accelerate the implementation of the existing tax on ozone-depleting chemicals and to provide that such tax shall apply to certain hydrochloroflurocarbons.

Summary

Amends the Internal Revenue Code to increase the base tax amount on ozone-depleting chemicals. Imposes an additional tax on the sale or use of such chemicals after 1992. Eliminates: (1) the scheduled phase-in of such tax rates; and (2) the different rates for initially listed chemicals and newly listed chemicals. Repeals the phase-in of such tax on certain substances. Makes certain hydrochlorofluorocarbons (HCFCs) subject to the tax on ozone-depleting chemicals at 50 percent of the base rate. Imposes a new floor stock tax on ozone-depleting chemicals and repeals the existing floor stocks tax.

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Timeline

1. 3 March 1992

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 3 March 1992

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 March 1992

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 March 1992

  Open at official source

Sponsors

• Rep. Stark, Fortney Pete [D-CA-9] · D · Sponsor
• · hswm00 · Standing

Related records

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