3 Apr 2025
🧪IRS Notice on Chloroprene Rubber Tax Considerations
Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Chloroprene Rubber
Summary
This notice of filing announces that a petition has been filed requesting that chloroprene rubber 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 pertains to the potential addition of chloroprene rubber to the list of taxable substances, which could impact businesses involved in its production or import, affecting their tax liabilities. The petition invites comments which indicate that stakeholder input could influence final decisions, directly affecting compliance costs and business operations in the chemical sector.