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Chemical Tax Repeal: Lower Costs for Businesses and Consumers.

This bill aims to eliminate specific taxes on certain chemicals and substances. This means that companies producing or importing these products may face lower costs, potentially leading to reduced prices for consumers in stores. These changes are effective retroactively from January 1, 2023.
Key points
Chemical tax elimination: Businesses will no longer pay special taxes on many chemical substances.
Potential for lower prices: Reduced tax burdens for companies could lead to lower prices for everyday products containing these chemicals.
Retroactive effective date: The changes apply from the beginning of 2023, which may result in refunds or adjustments for businesses.
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Expired
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Additional Information
Print number: 118_HR_6454
Sponsor: Rep. Van Duyne, Beth [R-TX-24]
Process start date: 2023-11-17
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Chemical Tax Repeal Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6454.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-11-17.

What are the main provisions?

Key points include:

  • Chemical tax elimination: Businesses will no longer pay special taxes on many chemical substances.
  • Potential for lower prices: Reduced tax burdens for companies could lead to lower prices for everyday products containing these chemicals.
  • Retroactive effective date: The changes apply from the beginning of 2023, which may result in refunds or adjustments for businesses.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Van Duyne, Beth [R-TX-24].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Economy