OPENING THE RECORD
OPENING THE RECORD
H.R. 1264 · 119TH CONGRESS
This has not become law. Both chambers must pass the same text before sending it to the president. How a bill becomes law.
CONGRESSIONAL RESEARCH SERVICE
USA Batteries Act
This bill eliminates the Superfund chemical excise tax imposed on lead oxide ($8.28 per ton), antimony ($8.90 per ton), and sulfuric acid ($0.52 per ton).
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 $0.44 per ton to $9.74 per ton, depending on the chemical and certain other variables. (There are 42 listed taxable chemicals, including lead oxide, antimony, and sulfuric acid.)
Further, under current law, amounts collected from the excise tax on taxable chemicals are deposited into the Superfund, which finances the remediation of certain environmentally contaminated sites.
Written by the Congressional Research Service for this version of the bill. Later versions may differ. Read at Congress.gov.