,,ii #aaith ,,congress #ast ,session ,s4 #fae ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #ah1 #bjbe,mr4 ,cruz 7for himself1 ,mr4 ,kennedy1 ,mr4 ,cornyn1 ,mr4 ,barrasso1 and ,mr4 ,lee7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to repeal the excise taxes on taxable chemicals and taxable substances4 #a4 ,short title ,this ,act may be cited as the ,chemical ,tax ,repeal ,act4 #b4 ,repeal of excise taxes on certain chemicals and substances 7a7 ,in general ,chapter #ch of the ,internal ,revenue ,code of #aihf is amended by striking subchapters ,b and ,c 7and by striking the items relating to such subchapters in the table of subchapters for such chapter74 7b7 ,effective date ,the amendments made by this section shall take effect on ,january #a1 #bjbe4