Superfund chemical taxes Archives
Superfund Chemical Taxes - Federal Register
This document contains proposed regulations relating to the excise taxes imposed on certain chemicals and certain imported substances, ...
Superfund chemical excise taxes | Internal Revenue Service
The proposed regulations provide definitions and special rules relating to Superfund chemical excise taxes imposed on taxable chemicals and imported substances.
IRS issues 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 ...
Recent Updates from the IRS and Treasury on the Superfund ...
The Superfund Chemical Tax, which went into effect on July 1, 2022, reinstated an excise tax imposed on manufacturers, producers, and importers of certain ...
The Reinstated Superfund Excise Taxes - American Bar Association
The oil and gas industry, the petrochemicals industry, and the chemicals industry may all be affected by three reinstated Superfund excise ...
Superfund chemical taxes Archives - TAX CONTROVERSY 360
Section 4671(a) imposes an excise tax on the sale or use of “taxable substances” by importers. The Superfund chemical taxes previously expired on December 31, ...
Superfund History - Printable Version | US EPA
To finance the cleanup of abandoned hazardous waste sites CERCLA authorizes taxes on domestic and imported petroleum and on chemical feedstocks which were in ...
Superfund Excise Tax | Deloitte US
The intent of the Superfund Excise Taxes is to target the chemicals primarily found in hazardous waste sites and to tax the chemicals at the earliest point ...
Superfund Tax Legislation in the 117th Congress | CRS Reports
Decades of industrial and commercial activities involving various chemicals resulted in environmental contamination.
The Infrastructure Act reinstates two long-expired Superfund excise taxes on certain manufactured and imported chemicals, with effect as of July ...
IRS clarifies key rules for Superfund chemical taxes - Grant Thornton
117-58) effective for sales and uses on or after July 1, 2022. Section 4661 imposes tax at various rates per ton on 42 “taxable chemicals” sold ...
IRS Proposes Superfund Chemical Excise Tax Regulations
On March 29, 2023, the Internal Revenue Service (IRS) published proposed regulations regarding the reinstated Superfund chemical excise taxes.
IRS Announces Superfund Chemical Excise Tax Rates - Tax Notes
The IRS has announced (IR-2022-132) the prescribed tax rates for 121 taxable substances that are subject to the Superfund chemical excise ...
IRS Proposes Regulations Regarding Superfund Tax on Chemicals
IRS Proposes Regulations Regarding Superfund Tax on Chemicals ... Bergeson & Campbell, P.C.. On March 29, 2023, the Internal Revenue Service (IRS) ...
Return of Superfund Excise Taxes Will Burden US Companies ...
Taxpayers will need to report Superfund chemical taxes on Form 6627, Environmental Taxes, which is attached to the taxpayer's Form 720, ...
IRS Proposed Rule on Revived Superfund Chemical Taxes
The Superfund Chemical Tax previously expired in 1995 and was reinstated in November 2021 by Section 80201 of the Infrastructure Investment and ...
Superfund Tax on Chemical Substances; Modification to List of ...
This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.
That statute imposed two excise taxes: on petroleum and petroleum products, 26 U.S.C. Sections 2611-12, and on taxable chemicals, 26 U.S.C. ...
FIRST IMPRESSIONS | Proposed Superfund Tax regulations ...
Law enacted in 2021 expanded and reinstated superfund excise taxes on both the domestic production of certain chemicals and the importation of ...
IR 2022-132: − Tax rate on imported taxable substance is tax that would have been imposed under section 4661 if the Taxable Chemical in ...