S.Amdt. 2545

Mr. Lee submitted amendment SA 2545 to be proposed to amendment SA 2360 to the bill H.R. 1.

The amendment sets a limitation on the drawback of taxes paid with respect to substituted merchandise.

It is effective for claims filed on or after July 1, 2026.

For the purposes of a drawback of internal revenue tax imposed under chapter 52 of the Internal Revenue Code of 1986, the amount of drawback granted under that Code or the Tariff Act of 1930 on the export or destruction of substituted merchandise cannot be more than the amount of taxes paid on the substituted merchandise that were not returned by refund, credit, or drawback.