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Chemical Tax Repeal: Lower Costs for Businesses and Consumers

This act eliminates specific taxes on certain chemicals and substances. This means companies producing or importing these products will no longer pay these fees. As a result, it could lead to lower prices for everyday goods containing these chemicals, potentially impacting household budgets.
Key points
Repeal of chemical taxes may reduce production costs for many goods.
Potential for lower prices on products containing these chemicals for consumers.
Changes take effect on January 1, 2025.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_615
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2025-02-18
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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 119_S_615.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-18.

What are the main provisions?

Key points include:

  • Repeal of chemical taxes may reduce production costs for many goods.
  • Potential for lower prices on products containing these chemicals for consumers.
  • Changes take effect on January 1, 2025.
What is the specific legal status?

The current status is Introduced.

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 Sen. Cruz, Ted [R-TX].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Economy