REDUCE Act of 2023

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 2844 Introduced in Senate (IS)] <DOC> 118th CONGRESS 1st Session S. 2844 To amend the Internal Revenue Code of 1986 to establish an excise tax on plastics. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES September 19, 2023 Mr. Whitehouse (for himself, Mr. Wyden, Mr. Van Hollen, Mr. Menendez, and Mr. Blumenthal) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to establish an excise tax on plastics. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Rewarding Efforts to Decrease Unrecycled Contaminants in Ecosystems Act of 2023'' or the ``REDUCE Act of 2023''. SEC. 2. EXCISE TAX ON PLASTICS. (a) In General.--Chapter 38 of the Internal Revenue Code of 1986 is amended by adding at the end thereof the following new subchapter: ``Subchapter E--Tax on Plastics ``…