A bill to amend the Internal Revenue Code of 1954 to exempt chromium and chromite used in production of ferrochrome from the Federal excise tax on certain chemicals.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from the excise tax on certain chemicals any chromium or chromite used in the production of ferrochrome. Permits the credit or refund of amounts equal to the tax paid on such chromium or chromite.…