Chemical Tax Repeal Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 8
- Latest action
- Feb 18, 2025
What it does
The Chemical Tax Repeal Act would repeal the excise taxes on taxable chemicals and taxable substances by removing subchapters B and C of Chapter 38 of the Internal Revenue Code of 1986. This change would affect industries that produce or use certain chemicals subject to these federal excise taxes. The repeal would take effect on January 1, 2025.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.