Plastic Tax: New Fees on Single-Use Products and Recycling Support.
This act introduces a new tax on virgin plastic used in single-use products like packaging and food containers. The goal is to reduce plastic waste and support recycling efforts. Funds from the tax will go into a special fund for waste reduction and improving recycling infrastructure.
Key points
Introduction of an excise tax on virgin plastic resin used in single-use products, including bags, beverage containers, and packaging.
The tax will increase gradually, starting at 10 cents per pound in 2022 and adjusted for inflation thereafter.
Revenue from the tax will fund the Plastic Waste Reduction Fund, supporting recycling initiatives and plastic pollution cleanup.
Certain products, such as medical products, drug containers, and personal hygiene items, are exempt from this tax.
Manufacturers, producers, or importers of over 10 tons of virgin plastic resin annually will be subject to this tax.
Expired
Additional Information
Print number: 117_HR_5389
Sponsor: Rep. Suozzi, Thomas R. [D-NY-3]
Process start date: 2021-09-27