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New Amendments to Superfund Act to Aid Redevelopment and Lessen the Impact of Liability  


Author:  Beth S. Gotthelf.


Source: Volume 20, Number 01, Fall 2002 , pp.45-48(4)




Journal of Taxation of Investments

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Abstract: 

On January 11, 2002, President Bush signed into law the Small Business Liability Relief and Brownfields Revitalization Act (“Amendment”), which amends the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”), commonly known as the Federal Superfund Act. This Amendment is one of the most comprehensive amendments to CERCLA and makes several changes to CERCLA’s liability scheme to encourage the redevelopment of land. The Amendment can be divided into eight areas. Five concern the liability scheme, one relates to settlements and the last two create federal programs to encourage redevelopment.

Keywords: 

Affiliations:  1: Seyburn, Kahn, Ginn, Bess and Serlin, P.C..

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