13 May 2025
🧪Notice on Superfund Tax for Neo Pentanoic Acid Filing
Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Neo Pentanoic Acid
Summary
This notice of filing announces that a petition has been filed requesting that neo pentanoic acid 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 involves a regulatory request to add neo pentanoic acid to the taxable substances list, which could directly affect businesses involved in its production and export (notably Exxon Mobil Corporation). This has compliance and potential financial implications due to the introduced tax rate of $5.36 per ton.