I
119th CONGRESS
1st Session
H. R. 640
IN THE HOUSE OF REPRESENTATIVES
January 22, 2025
Ms. Van Duyne (for herself, Mr. Carey, Mr. LaHood, and Mrs. Miller of West Virginia) 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.
Section 1. Short title
This Act may be cited as the Chemical Tax Repeal Act
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Sec. 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.