Ethylene is Essential for Chemistry and Manufacturing Act

H.R. 6277 · 117th Congress · Dec 14, 2021 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to exclude ethylene from taxation under the Superfund excise tax.

This Act may be cited as the “Ethylene is Essential for Chemistry and Manufacturing Act”.

(a)

In general— The table contained in section 4661(b) of the Internal Revenue Code of 1986 is amended by striking the row relating to ethylene.

(b)

Effective date— The amendment made by this section shall take effect on July 1, 2022.