A bill to amend the Internal Revenue Code of 1986 to establish an excise tax on plastics.
Rewarding Efforts to Decrease Unrecycled Contaminants in Ecosystems Act of 2021 or the REDUCE Act of 2021
This bill imposes an excise tax on any taxable virgin plastic resin.
The bill establishes a Plastic Waste Reduction Fund to carry out reduction and recycling activities, plastic waste and marine debris reduction, detection, monitoring, and cleanup activities, and address environmental justice and pollution impacts from plastic products.
Referred to the Subcommittee on Environment and Climate Change.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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