119-HR640
Chemical Tax Repeal Act
Last action was on 1-22-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
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119th CONGRESS
1st Session
H. R. 640
1. Short title2. Repeal of excise taxes on certain chemicals and substances1. Short title
This Act may be cited as the "Chemical Tax Repeal Act".
2. Repeal of excise taxes on certain chemicals and substances
(a) In general - Chapter 38 of the Internal Revenue Code of 1986 is amended by striking subchapters B and C (and by striking the items relating to such subchapters in the table of subchapters for such chapter).
(b) Effective date - The amendments made by this section shall take effect on January 1, 2024.