SB2844: REDUCE Act of 2023 Rewarding Efforts to Decrease Unrecycled Contaminants in Ecosystems Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Internal Revenue Code of 1986 to establish an excise tax on plastics.
Plain-language summary
The REDUCE Act would add a new tax on plastic products under federal tax law, targeting plastics that end up as waste in the environment. The bill would apply to manufacturers and importers of plastic goods, making plastic products more expensive. Revenue from this tax would support recycling and waste management efforts. The bill is currently in the early stages after being introduced in Congress.
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SB2844: REDUCE Act of 2023 Rewarding Efforts to Decrease Unrecycled Contaminants in Eco…
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Sponsors
Sheldon Whitehouse
Primary SponsorCo-sponsors (4)
Ron Wyden
Chris Van Hollen
Robert Menendez
Richard Blumenthal