🧪Superfund Tax Notice Impacting Ethylene-Propylene Rubber Industry
Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Ethylene-Propylene-Dicyclopentadiene Rubber (m=73.18, n=26.53, o=0.29)
Summary
This notice of filing announces that a petition has been filed requesting that ethylene-propylene-dicyclopentadiene rubber ((C<INF>2</INF>H<INF>4</INF>)<INF>m</INF>- (C<INF>3</INF>H<INF>6</INF>)<INF>n</INF>- (C<INF>10</INF>H<INF>12</INF>)<INF>o</INF>; m=73.18, n=26.53, o=0.29) 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 addition of ethylene-propylene-dicyclopentadiene rubber to the list of taxable substances, impacting businesses involved in its production or importation. A potential tax of $9.64 per ton could affect pricing and profitability. Compliance with new regulatory requirements for taxable substances is also necessitated.