HR640119th CongressWALLET

Chemical Tax Repeal Act

Sponsored By: Representative Van Duyne

Introduced

Summary

Repeal of federal excise taxes on taxable chemicals and substances. This bill would remove those excise taxes by deleting subchapters B and C from Chapter 38 of the Internal Revenue Code and removing their entries in the Chapter 38 table of subchapters. The repeal would take effect January 1, 2024.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Lower excise taxes for chemical businesses

If enacted, the federal excise taxes on certain chemicals and taxable substances would be repealed. Businesses that make, import, or sell those chemicals would no longer owe these taxes. The change would take effect on January 1, 2024. This could lower business costs and might lead to lower prices. The federal government would stop collecting those specific excise taxes.

Sponsors & CoSponsors

Sponsor

Van Duyne

TX • R

Cosponsors

  • Rep. Carey, Mike [R-OH-15]

    OH • R

    Sponsored 1/22/2025

  • LaHood

    IL • R

    Sponsored 1/22/2025

  • Rep. Miller, Carol D. [R-WV-1]

    WV • R

    Sponsored 1/22/2025

  • Hern (OK)

    OK • R

    Sponsored 1/31/2025

  • Rep. Weber, Randy K. Sr. [R-TX-14]

    TX • R

    Sponsored 1/31/2025

  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

    Sponsored 1/31/2025

  • Kustoff

    TN • R

    Sponsored 3/18/2025

  • Rep. Moran, Nathaniel [R-TX-1]

    TX • R

    Sponsored 4/10/2025

  • Evans (CO)

    CO • R

    Sponsored 8/15/2025

Roll Call Votes

No roll call votes available for this bill.

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