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US SB615
Bill
AI Summary
- Repeals federal excise taxes on taxable chemicals and taxable substances by striking subchapters B and C from Chapter 38 of the Internal Revenue Code of 1986
- Effective date of January 1, 2025
- Introduced February 18, 2025 by Senator Cruz with co-sponsors Kennedy, Cornyn, Barrasso, and Lee
- Referred to the Senate Committee on Finance
Legislative Description
Chemical Tax Repeal Act
Taxation
Last Action
Read twice and referred to the Committee on Finance.
2/18/2025
Committee Referrals
Finance2/18/2025
Full Bill Text
No bill text available