Ethylene is Essential for Chemistry and Manufacturing Act

Bill: 117-hr-6277
Sponsor: full_name: Rep. Moolenaar, John R. [R-MI-4]
Introduced: 2021-12-14
Policy area: Taxation
Latest action: action_date: 2021-12-14
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2021-12-14
action_desc: Introduced in House
text: <p><strong>Ethylene is Essential for Chemistry and Manufacturing Act</strong></p> <p>This bill removes ethylene from the list of taxable chemicals for purposes the environmental excise tax.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 6277 IN THE HOUSE OF REPRESENTATIVES December 14, 2021 Mr. Moolenaar (for himself and Mr. Meuser ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to exclude ethylene from taxation under the Superfund excise tax.

1. Short title This Act may be cited as the Ethylene is Essential for Chemistry and Manufacturing Act . 2. Excluding ethylene from taxation under Superfund excise tax (a) In general The table contained in section 4661(b) of the Internal Revenue Code of 1986 is amended by striking the row relating to ethylene. (b) Effective date The amendment made by this section shall take effect on July 1, 2022.