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H.R. 640 119th Congress House

Chemical Tax Repeal Act

Official title: To amend the Internal Revenue Code of 1986 to repeal the excise taxes on taxable chemicals and taxable substances.

Introduced: January 22, 2025 Introduced by: Beth Van Duyne Republican · Texas See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 22, 2025
Referred to the House Committee on Ways and Means.
Jan 22, 2025
Introduced in House
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What's happening now January 22, 2025

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Chemical Tax Repeal Act

This bill repeals the Hazardous Substance Superfund excise tax imposed on certain chemicals and chemical substances.

Under current law, an excise tax is imposed through December 31, 2031, on taxable chemicals and taxable chemical substances that are (1) manufactured or produced in the United States, or (2) imported into the United States. The excise tax rate varies between 44 cents per ton to $9.74 per ton, depending on the chemical and certain other variables. (There are 42 listed taxable chemicals and 151 listed taxable chemical substances.)

Further, under current law, amounts collected from the excise tax on taxable chemicals and taxable chemical substances are deposited into the Hazardous Substance Superfund, which finances the remediation of certain environmentally contaminated sites.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 62

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APA
U.S. Congress. (2026). H.R. 640: Chemical Tax Repeal Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-640/
MLA
"H.R. 640: Chemical Tax Repeal Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-640/.
Bluebook (legal)
H.R. 640, 119th Cong. (2026), https://openamerica.io/bill/119-HR-640/.
Markdown link
[H.R. 640: Chemical Tax Repeal Act](https://openamerica.io/bill/119-HR-640/)
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