Chemical Tax Repeal Act

This bill would get rid of a federal tax that is currently charged on certain chemicals and chemical substances that are made in or brought into the United States. Right now, this tax applies to hundreds of specific chemicals and substances, with rates ranging from 44 cents to $9.74 per ton, and is set to last through the end of 2031. The money collected from this tax goes into a fund called the Hazardous Substance Superfund, which pays for cleaning up polluted sites around the country.

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