🧪IRS Proposes New Tax Regulation for EPDM Rubber Production
Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Ethylene Propylene Diene (EPDM) Rubber (x=5134, y=2250, z=98)
Summary
This notice of filing announces that a petition has been filed requesting that ethylene propylene diene (EPDM) rubber ((C<INF>2</INF>H<INF>4</INF>)<INF>x</INF>(C<INF>3</INF>H<INF>6</INF>)<INF>y</INF> (C<INF>9</INF>H<INF>12</INF>)<INF>z</INF>; (x=5134, y=2250, z=98)) 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 content pertains to a proposed modification that could add ethylene propylene diene rubber (EPDM) to the list of taxable substances under IRS regulation, impacting manufacturers and businesses involved in its production or usage. Businesses may face new tax liabilities and should monitor the filing process and deadlines for public comments.