Bill Details
View committees (1)
View cosponsors (9)
- Rep. Carey, Mike [R-Ohio-15]
- Rep. LaHood, Darin [R-Illinois-16]
- Rep. Miller, Carol D. [R-West Virginia-1]
- Rep. Hern, Kevin [R-Oklahoma-1]
- Rep. Weber, Randy K. Sr. [R-Texas-14]
- Rep. Tenney, Claudia [R-New York-24]
- Rep. Kustoff, David [R-Tennessee-8]
- Rep. Moran, Nathaniel [R-Texas-1]
- Rep. Evans, Gabe [R-Colorado-8]
AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This bill would remove federal excise taxes that apply to certain chemicals and chemical-based substances. In simple terms, it would end a tax program in the tax code that charges fees on some chemical products, and it would make that change apply back to January 1, 2024.
- It would delete two sections of the Internal Revenue Code that deal with these chemical excise taxes.
- The change would take effect retroactively, starting on January 1, 2024, rather than on the day the bill is passed.
Official Summaries
Chemical Tax Repeal Act
This bill repeals the Hazardous Substance Superfund excise tax imposed on certain chemicals and chemical substances.
Under current law, an excise tax is imposed through December 31, 2031, on taxable chemicals and taxable chemical substances that are (1) manufactured or produced in the United States, or (2) imported into the United States. The excise tax rate varies between 44 cents per ton to $9.74 per ton, depending on the chemical and certain other variables. (There are 42 listed taxable chemicals and 151 listed taxable chemical substances.)
Further, under current law, amounts collected from the excise tax on taxable chemicals and taxable chemical substances are deposited into the Hazardous Substance Superfund, which finances the remediation of certain environmentally contaminated sites.
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 640 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 640
To amend the Internal Revenue Code of 1986 to repeal the excise taxes
on taxable chemicals and taxable substances.
_______________________________________________________________________
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Chemical Tax Repeal Act''.
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.
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