21 Jan 2025
⚖️IRS Notice
Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Sodium Chlorite
Summary
This notice of filing announces that a petition has been filed requesting that sodium chlorite be added to the list of taxable substances. This notice of filing also requests comments on the petition. This notice of filing is not a determination that the list of taxable substances is modified.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The notice involves a request to modify the list of taxable substances, which may impact businesses that use or produce sodium chlorite, as they will need to comply with the upcoming tax obligations. The proposed tax rate of $2.35 per ton indicates a potential increase in operational costs for affected businesses.