House Companion Bill Introduced Would Tax Items Made With Virgin Plastic
Rep. Tom Suozzi, D-N.Y., introduced a bill that is a companion to a Senate bill (see 2108130050) that would impose a 10 cents-per-pound excise tax on virgin plastic resin produced domestically or imported. The tax would increase to 15 cents…
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per pound in 2023 and 20 cents in 2024. For imported items, if the importer did not estimate how much virgin plastic was contained in single-use plastic goods, the tariff would be 10% of the value of the item. However, the U.S. government could estimate a lower amount based on an estimate of resin in the predominant method of production of the item.