3 Apr 2025
⚗️Superfund Tax on Isobutene-Isoprene Rubber
Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Isobutene-isoprene Rubber (n=99.10, m=0.90)
Summary
This notice of filing announces that a petition has been filed requesting that isobutene-isoprene rubber ((C<INF>4</INF>H<INF>8</INF>)<INF>n</INF>- (C<INF>5</INF>H<INF>8</INF>)<INF>m</INF>; n=99.10, m=0.90) 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 text involves a potential addition of isobutene-isoprene rubber to the list of taxable substances, which would create compliance requirements and financial obligations for producers and importers related to tax payments. The notice calls for public comments, indicating stakeholder engagement in the regulation process.