Page:United States Statutes at Large Volume 100 Part 2.djvu/658

 100 STAT. 1760

PUBLIC LAW 99-499—OCT. 17, 1986

his activities under this section and making such recommendations as appropriate. 42 USC 7401 note.

Appropriation authorization. 42 USC 7401 note.

Superfund Revenue Act of 1986. 26 USC 1 note.

SEC. 404. CONSTRUCTION OF TITLE.

Nothing in this title shall be construed to authorize the Administrator to carry out any regulatory program or any activity other than research, development, and related reporting, information dissemination, and coordination activities specified in this title. Nothing in this title shall be construed to limit the authority of the Administrator or of any other agency or instrumentality of the United States under any other authority of law. SEC. 405. AUTHORIZATIONS.

There are authorized to be appropriated to carry out the activities under this title and under section 118(k) of the Superfund Amendments and Reauthorization Act of 1986 (relating to radon gas assessment and demonstration program) not to exceed $5,000,000 for each of the fiscal years 1987, 1988, and 1989. Of such sums appropriated in fiscal years 1987 and 1988, two-fifths shall be reserved for the implementation of section 118(k)(2). •

TITLE V—AMENDMENTS OF THE INTERNAL REVENUE CODE OF 1986

SEC. 501. SHORT TITLE.

This title may be cited as the "Superfund Revenue Act of 1986".

PART I—SUPERFUND AND ITS REVENUE SOURCES 26 USC 4611.

Effective date.

SEC. 511. EXTENSION OF ENVIRONMENTAL TAXES. (a) IN GENERAL.—Subsection (d) of section 4611 of the Internal Revenue Code of 1986 (relating to termination) is amended to read as follows: "(d) APPLICATION OF TAXES.—

"(1) IN GENERAL.—Except as provided in paragraphs (2) and (3), the taxes imposed by this section shall apply after December 31, 1986, and before January 1, 1992. "(2)

Post, p. 1770; 26 u s e 4661, 4671.

No

TAX IF UNOBLIGATED BALANCE IN FUND EXCEEDS

$3,500,000,000.—If on December 31, 1989, or December 31, 1990— "(A) the unobligated balance in the Hazardous Substance Superfund exceeds $3,500,000,000, and "(B) the Secretary, after consultation with the Administrator of the Environmental Protection Agency, determines that the unobligated balance in the Hazardous Substance " Superfund will exceed $3,500,000,000 on December 31 of 1990 or 1991, respectively, if no tax is imposed under section 59A, this section, and sections 4661 and 4671, then no tax shall be imposed under this section during 1990 or 1991, as the case may be. "(3) N o TAX IF AMOUNTS COLLECTED EXCEED $6,650,000,000.— "(A) ESTIMATES BY SECRETARY.—The Secretary as of the

'4, close of each calendar quarter (and at such other times as .; \,- the Secretary determines appropriate) shall make an esti-

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