Why is the Superfund important?
The Superfund program makes a visible and lasting difference in communities cleaning up the nation’s worst hazardous waste sites, tackling threats to public health and our natural environment, supporting local economies and enhancing quality of life, preventing future releases of hazardous substances, and leading to …
What is the Superfund tax?
It imposed the Superfund tax on feedstock chemicals, crude oil, and corporate income. The revenue from the tax paid for remediation of contaminated sites where those responsible for pollution were no longer in business, were insolvent, or couldn’t be identified.
Why was the Superfund Act created?
The federal Superfund program was created in December 1980 in response to serious threats across the country posed by toxic waste sites such as the infamous Love Canal landfill in Niagara Falls, NY.
What are the effects of Superfund sites?
In addition to increased levels of childhood cancer and birth defects, exposure to hazardous substances released from Superfund sites has been correlated with higher rates of suspension from school and repeating grade levels, lower standardized test scores, and decreased cognitive functioning.
Why is it called Superfund?
Superfund is the common name given to the law called the Comprehensive Environmental Response, Compensation and Liability Act of 1980, or CERCLA. Superfund is also the trust fund set up by Congress to handle emergency and hazardous waste sites needing long-term cleanup.
Where does Superfund money come from?
The Superfund trust fund receives money from three major sources annually: • $553 million from petroleum excise taxes; • $273 million from chemical feedstock excise taxes; and • $504 million from environmental income taxes.
How far should you live from Superfund site?
This vapor intrusion then poses further risk to nearby residents, inside of their homes where they would otherwise be inclined to feel safe. Obviously, proximity to a Superfund site is critical; four miles’ distance poses a decreased health risk as compared to a mere forty feet.
Why are Superfund sites bad for the environment?
The sites are considered “not under control” by the EPA because the materials contaminating them could reach and harm people. Exposure to some of these toxins and hazardous chemicals has been linked to various forms of cancer, respiratory disease and heart disease and has stunted mental development in children.
What does the Superfund pay for?
Superfund, U.S. government fund intended to pay for the cleanup of hazardous-waste dump sites and spills. The 1980 act creating it called for financing by a combination of general revenues and taxes on polluting industries.
What is the Superfund law?
The Superfund law (officially the Comprehensive Environmental Response, Compensation and Liability Act, (CERCLA)) imposes liability on parties responsible for, in whole or in part, the presence of hazardous substances at a site.
What is the Superfund program?
The Superfund Program The term “Superfund” is used for the environmental program that was set up to clean the abandoned waste sites. It was formed on the basis of the Comprehensive Environmental Response, Compensation, and Liability Act (CERLA) which was passed in 1980.
Is Go Fund Me taxable income?
Generally, donations made to GoFundMe campaigns are considered personal gifts, and as such, are not taxed as income. The IRS does not consider fundraising proceeds a taxable source of income, however, you could still owe taxes, depending on how the funds were used and if anything was provided in exchange.
