Chemical Tax Repeal Act

Bill: 118-hr-6454
Sponsor: full_name: Rep. Van Duyne, Beth [R-TX-24]
Introduced: 2023-11-17
Policy area: Taxation
Latest action: action_date: 2023-11-17
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2023-11-17
action_desc: Introduced in House
text: <p> <strong>Chemical Tax Repeal Act </strong></p> <p>This bill repeals the excise taxes on certain taxable chemicals and imported substances.</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 6454 IN THE HOUSE OF REPRESENTATIVES November 17, 2023 Ms. Van Duyne (for herself, Mrs. Miller of West Virginia , and Mr. Carey ) 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 repeal the excise taxes on taxable chemicals and taxable substances.

1. 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, 2023.