S. 615 proposes to change the Internal Revenue Code of 1986 by removing specific excise taxes on certain chemicals and substances. Known as the “Chemical Tax Repeal Act,” this bill, introduced by Mr. Cruz and co-sponsored by several senators, aims to eliminate subchapters B...
Simple Explanation
S. 615 is a proposed law to stop charging extra taxes on certain chemicals and substances. This would begin at the start of 2025.