To amend the Internal Revenue Code of 1986 to impose an excise tax on the sale of perfluoroalkyl or polyfluoroalkyl substances, to establish a credit for expenditures paid or incurred for the removal of such substances from public water systems, and for other purposes.
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Summary
Based on the bill's title, this legislation would amend the Internal Revenue Code to impose a new federal excise tax on the sale of perfluoroalkyl and polyfluoroalkyl substances (PFAS), which are synthetic chemicals used in various industrial and consumer products. The bill would also establish a tax credit for expenses incurred in removing these substances from public water systems. The bill was referred to the House Committee on Ways and Means for consideration.
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