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119th CongressH. R. 640

Introduced in House

Chemical Tax Repeal Act

SEC. 1. SHORT TITLETrack this section →

This Act may be cited as the Chemical Tax Repeal Act.

SEC. 2. REPEAL OF EXCISE TAXES ON CERTAIN CHEMICALS AND SUBSTANCESTrack this section →

(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.

•HR 640 IHText from GovInfo
H.R. 640 full text: Chemical Tax Repeal Act · Public Law Tracker