Summary of Bill HR 1940
Bill 119 HR 1940, also known as the "Tanning Tax Repeal Act of 2021," aims to amend the Internal Revenue Code of 1986 by repealing the excise tax on indoor tanning services. The excise tax on indoor tanning services was originally implemented as part of the Affordable Care Act in 2010, with the intention of generating revenue to help fund the expansion of healthcare coverage.
The bill, introduced by Representative George Holding, seeks to eliminate this tax on indoor tanning services, arguing that it unfairly targets a specific industry and places an unnecessary burden on small business owners who operate tanning salons. Supporters of the bill argue that the tax has not been effective in reducing the use of indoor tanning services and has instead led to job losses and decreased revenue for small businesses.
Opponents of the bill, however, argue that indoor tanning has been linked to an increased risk of skin cancer and other health issues, and that the tax serves as a deterrent to discourage individuals from using indoor tanning services. They also argue that the revenue generated from the tax helps to offset the costs associated with treating skin cancer and other related health issues.
Overall, the passage of Bill 119 HR 1940 would result in the repeal of the excise tax on indoor tanning services, providing relief to small business owners in the tanning industry. The bill has garnered support from industry groups and lawmakers who believe that the tax is unfair and ineffective, while facing opposition from those who argue that the tax serves an important public health purpose.