Superfund
Concept of Superfund Amendments And Reauthorization Act in the context of Real Property
A short definition of Superfund Amendments And Reauthorization Act: 1986 federal legislation which reauthorized the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA). Additions in the 1986 act include the Innocent Landowners Defense.
Concept of Superfund in the context of Real Property
A short definition of Superfund: The federal program created by the Comprehensive Environmental Response, Compensation, and Liabilities Act of 1980 (CERCLA) and amended by the Superfund Amendments and Reauthorization Act of 1986. The program carries out the Environmental Protection Agency’s purpose to identify and carry out or supervise the cleanup of contaminated sites. See also: Hazard Ranking System; National Priorities List.
Concept of Superfund Amendments And Reauthorization Act in the context of Real Property
A short definition of Superfund Amendments And Reauthorization Act: 1986 federal legislation which reauthorized the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA). Additions in the 1986 act include the Innocent Landowners Defense.
Concept of Superfund in the context of Real Property
A short definition of Superfund: The federal program created by the Comprehensive Environmental Response, Compensation, and Liabilities Act of 1980 (CERCLA) and amended by the Superfund Amendments and Reauthorization Act of 1986. The program carries out the Environmental Protection Agency’s purpose to identify and carry out or supervise the cleanup of contaminated sites. See also: Hazard Ranking System; National Priorities List.
Superfund in Global Commerce Policy
In this regard, superfund is: a case launched in the GATT in 1987 by Canada, Mexico and the European Community against the United States. The entries on trade policy are here. It dealt with a tax to be levied under the United States Superfund Amendments and Reauthorization Act of 1986. The tax had not become effective at the time the dispute was launched. The Act imposed, inter alia, a new tax on certain imported substances produced or manufactured from taxable feedstock chemicals. The tax to be levied on imported substances equalled in principle the tax that would have been payable on chemical components if these chemicals had been sold in the United States for use in the production of the imported substance. The entries on trade policy are here. A penalty rate could be levied if importers supplied insufficient information regarding the chemical components of the imported substance. The complainants argued that the tax on imported products was higher than the tax on the like domestic product, and that it was therefore a violation of GATT Article III:2 (National Treatment). This says that the “products of the products of the territory of any contracting party imported into the territory of any other contracting party shall not be subject, directly or indirectly, to internal taxes or other internal charges of any kind in excess of those applied, directly or indirectly, to like domestic products”. The panel considered that the imported and domestic products were like products within the meaning of Article III:2, that there was a difference in the prospective treatment of domestic and imported products, and that the tax on petroleum was therefore inconsistent with United States obligations under Article III:2. The panel regretted that the Act directed the United States authorities to impose a tax contravening the national treatment principle. The entries on trade policy are here. It found at the same time that, as the Act gave them discretion on imposing the tax, the existence of the penalty rate provisions as such did not constitute a violation of United States obligations under the GATT.[1]
Superfundin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Superfund” entry (OAS)
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