| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | II | |
| 2 | 2 | 119THCONGRESS | |
| 3 | 3 | 1 | |
| 4 | 4 | STSESSION S. 615 | |
| 5 | 5 | To amend the Internal Revenue Code of 1986 to repeal the excise taxes | |
| 6 | 6 | on taxable chemicals and taxable substances. | |
| 7 | 7 | IN THE SENATE OF THE UNITED STATES | |
| 8 | 8 | FEBRUARY18, 2025 | |
| 9 | 9 | Mr. C | |
| 10 | 10 | RUZ(for himself, Mr. KENNEDY, Mr. CORNYN, Mr. BARRASSO, and Mr. | |
| 11 | 11 | L | |
| 12 | 12 | EE) introduced the following bill; which was read twice and referred to | |
| 13 | 13 | the Committee on Finance | |
| 14 | 14 | A BILL | |
| 15 | 15 | To amend the Internal Revenue Code of 1986 to repeal | |
| 16 | 16 | the excise taxes on taxable chemicals and taxable substances. | |
| 17 | 17 | Be it enacted by the Senate and House of Representa-1 | |
| 18 | 18 | tives of the United States of America in Congress assembled, 2 | |
| 19 | 19 | SECTION 1. SHORT TITLE. 3 | |
| 20 | 20 | This Act may be cited as the ‘‘Chemical Tax Repeal 4 | |
| 21 | 21 | Act’’. 5 | |
| 22 | 22 | SEC. 2. REPEAL OF EXCISE TAXES ON CERTAIN CHEMICALS 6 | |
| 23 | 23 | AND SUBSTANCES. 7 | |
| 24 | 24 | (a) I | |
| 25 | 25 | NGENERAL.—Chapter 38 of the Internal Rev-8 | |
| 26 | 26 | enue Code of 1986 is amended by striking subchapters 9 | |
| 27 | 27 | VerDate Sep 11 2014 02:07 Mar 08, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S615.IS S615 | |
| 28 | 28 | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 | |
| 29 | 29 | •S 615 IS | |
| 30 | 30 | B and C (and by striking the items relating to such sub-1 | |
| 31 | 31 | chapters in the table of subchapters for such chapter). 2 | |
| 32 | 32 | (b) E | |
| 33 | 33 | FFECTIVEDATE.—The amendments made by 3 | |
| 34 | 34 | this section shall take effect on January 1, 2025. 4 | |
| 35 | 35 | Æ | |
| 36 | 36 | VerDate Sep 11 2014 02:07 Mar 08, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S615.IS S615 | |
| 37 | 37 | kjohnson on DSK7ZCZBW3PROD with $$_JOB |