3 Apr 2025
🧪IRS Seeks Input on Superfund Tax for Poly(ethylene-propylene) Rubber
Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Poly(ethylene-propylene) Rubber (m=59.04, n=40.96)
Summary
This notice of filing announces that a petition has been filed requesting that poly(ethylene-propylene) rubber ((C<INF>2</INF>H<INF>4</INF>)<INF>m</INF>- (C<INF>3</INF>H<INF>6</INF>)<INF>n</INF>; m=59.04, n=40.96) 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 involves a request to add poly(ethylene-propylene) rubber to the taxable substances list, impacting manufacturers and importers by potentially increasing operational costs due to the proposed tax. Businesses may need to adjust pricing and compliance strategies.