HR 640
Chemical Tax Repeal Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 1:51 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Chemical Tax Repeal Act, aims to eliminate excise taxes on certain chemicals and substances as outlined in the Internal Revenue Code. Specifically, it seeks to repeal subchapters B and C of Chapter 38, which currently impose these taxes. The changes would take effect on January 1, 2024, removing a tax on these specific materials. This legislation represents a potential reduction in the tax burden for businesses involved in the production or use of these chemicals.
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