🧪IRS Notice on Taxable Ethylene Vinyl Acetate Substance
Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Ethylene Vinyl Acetate (VA
Summary
This notice of filing announces that a petition has been filed requesting that ethylene vinyl acetate (VA < 50%) ((C<INF>2</INF>H<INF>4</INF>)<INF>n</INF>- (C<INF>4</INF>H<INF>6</INF>O<INF>2</INF>)<INF>m</INF>; n=78.95, m=21.05) 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 discusses the request to add ethylene vinyl acetate to the list of taxable substances, which directly affects businesses dealing with this chemical due to potential tax implications. Businesses must comply with the current tax regulations concerning substances deemed taxable, which could impact operational costs and pricing strategies.