- A Brief Overview of the Superfund Chemical Excise Tax🔍
- July 1 marked the return of the Superfund chemical excise tax🔍
- Superfund Excise Tax Effective July 1🔍
- Chemical Superfund Excise Taxes Reinstated🔍
- Reinstatement of Superfund Excise Taxes for 3rd Quarter of 2022🔍
- Superfund Excise Taxes🔍
- IRS Announces Superfund Chemical Excise Tax Rates🔍
- Superfund excise tax FAQs and tax rates released by the IRS🔍
Superfund Excise Taxes on Chemicals and Substances
In all cases, the amounts paid under the taxes went into the Hazardous Substance Response Superfund. The petroleum tax in particular was ...
July 1 marked the return of the Superfund chemical excise tax
The Superfund chemical taxes were initially implemented in 1980 to fund the newly established Hazardous Substance Response Trust — commonly ...
The listed taxable substances are comprised of at least 20% of a listed taxable chemical. The tax rate is based on the amount of a taxable ...
Nitric acid, sulfuric acid, ammonia or methane used to produce ammonia that is a qualified fertilizer substance;. • Sulfuric acid is produced ...
Reinstatement of Superfund Excise Taxes for 3rd Quarter of 2022
The Infrastructure Investment and Jobs Act (IIJA), reinstated, effective July 1, 2022, the excise taxes imposed on certain chemical substances ...
This tax provided a federal fund to remediate toxic spill sites when a responsible party could not be identified. The Superfund Excise Tax will ...
IRS Announces Superfund Chemical Excise Tax Rates
WASHINGTON — The Internal Revenue Service announced today that it has prescribed tax rates for 121 taxable substances that are subject to the ...
Superfund excise tax FAQs and tax rates released by the IRS
The Internal Revenue Service also announced today that it has prescribed tax rates for 121 taxable substances that are subject to the Superfund ...
IRS Proposes Regulations Regarding Superfund Tax on Chemicals
... Superfund excise taxes imposed on certain chemicals and certain imported substances, effective July 1, 2022. 88 Fed. Reg. 18446. There are ...
Why the Superfund Excise Tax on Chemicals Should Be Repealed
ACC strongly supports the repeal of Superfund excise taxes on chemicals, which target all chemical manufacturers – and some other industries.
Reinstatement of the Superfund excise taxes on chemicals and imported substances after 25 years will pose challenges for industrial manufacturers, importers ...
These resurrected taxes impose additional tax on the sale of certain chemicals and substances made with chemicals. Due to their expiration ...
Superfund excise taxes are back | Crowe LLP
Exemptions from the Superfund excise taxes include taxable chemicals and substances that are exported and those that are used for certain animal ...
The Superfun(d) continues! IRS issues comprehensive Superfund ...
The Superfun(d) continues! IRS issues comprehensive Superfund chemical excise tax guidance · Application of Section 4661 to taxable chemicals ...
Resurrected Superfund Chemical Excise Tax Creates New Filing ...
Under the default method taxpayers compute the tax based on the percentage amounts of taxable chemicals found in the substance; alternatively, ...
Superfund Tax Questions Linger as Chemical Sector Braces to Pay
The 2021 infrastructure law reinstated excise taxes on certain chemicals and imported substances, which were last in effect in the mid-1990s.
Superfund taxes stress chemical importers, suppliers - CFO Dive
Meanwhile, the Inflation Reduction Act of 2022 reinstated another Superfund excise tax on crude oil and imported petroleum products that will be ...
A Superfund excise tax on chemicals is in effect - VATupdate
A federal Superfund tax on chemicals went into effect July 1, 2022, replacing previous taxes that were on the books from 1980 through 1995.
Reinstated Superfund Excise Tax on Certain Chemicals - Teckrez LLC
Taxable Substance. Tax Rate. Tax per lb. ; 2-Ethylhexyl Acrylate (2-EHA). 7.34. 0.00367 ; Acrylonitrile (ACN). 9.38. 0.00469 ; Butyl Acrylate ...
IRS Publishes List of Chemicals Subject to Superfund Tax
The Infrastructure Investment and Jobs Act (IIJA), Public Law 117-58, 135 Stat. 429 (November 15, 2021) reinstated the excise taxes imposed ...