Section 1. Short title
This Act may be cited as the Chemical Tax Repeal Act.
(a) In general
Chapter 38 of the Internal Revenue Code of 1986 is amended by striking subchapters B and C (and by striking the items relating to such subchapters in the table of subchapters for such chapter).
(b) Effective date
The amendments made by this section shall take effect on January 1, 2025.