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.
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Referred to the House Committee on Ways and Means.
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.
- Introduced in House Formatted Text PDF Formatted XML
- CELANESE CORPORATION
- AMERICAN CHEMISTRY COUNCIL
- THE DOW CHEMICAL COMPANY, DBA DOW
- CHAMBER OF COMMERCE OF THE U.S.A.
- ARKEMA INC. AND ITS AFFILIATES (FKA ARKEMA INC.)
- SYENSQO USA LLC
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Environmental Protection Agency (EPA)
- Commerce, Dept of (DOC)
- U.S. Trade Representative (USTR)
- Treasury, Dept of
- Energy, Dept of
- State, Dept of (DOS)
Cite this page
U.S. Congress. (2026). H.R. 640: Chemical Tax Repeal Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-640/
"H.R. 640: Chemical Tax Repeal Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-640/.
H.R. 640, 119th Cong. (2026), https://openamerica.io/bill/119-HR-640/.
[H.R. 640: Chemical Tax Repeal Act](https://openamerica.io/bill/119-HR-640/)