Senate-passed infrastructure bill would reinstate superfund excise taxes

The US Senate on August 10 passed, 69-30, a $1 trillion bipartisan infrastructure bill (HR 3684, the 'Infrastructure Investment and Jobs Act'), with $550 billion in new infrastructure spending that would be offset by a combination of tax and non-tax provisions. The offsets include a provision to reinstate the hazardous substance superfund excise taxes on chemical manufacturing and imports (superfund excise taxes). The Senate-passed bill now goes to the House, where Democratic leaders have indicated that action on the bill may be delayed until, and unless, the Senate passes a ‘budget reconciliation’ spending and tax bill.