H.R.1112 - Ozone Protection and CFC Reduction Act of 1989101st Congress (1989-1990)
|Sponsor:||Rep. Stark, Fortney Pete [D-CA-9] (Introduced 02/23/1989)|
|Committees:||House - Ways and Means|
|Latest Action:||11/05/1990 See H.R.5835. (All Actions)|
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Summary: H.R.1112 — 101st Congress (1989-1990)All Information (Except Text)
Introduced in House (02/23/1989)
Ozone Protection and CFC Reduction Act of 1989 - Amends the Internal Revenue Code to impose an excise tax on: (1) any ozone-depleting chemical sold or used by its manufacturer, producer, or importer; and (2) any substance sold or used by its importer if its manufacture or production included the use of any ozone-depleting chemical. Fixes a tax rate equal to a base amount, adjusted annually for inflation, times the ozone-depletion factor for the pertinent chemical, as determined in accordance with this Act.
Describes the criteria to be used for determining which substances will be considered as ozone-depleting chemicals for purposes of this tax. Presents an initial list of such chemicals.
Exempts from the tax: (1) certain products containing a de minimis amount of ozone-depleting chemicals; and (2) chemicals diverted or recovered in the United States as part of a recycling process.