2 Apr 2025
🧪IRS Notice on Superfund Tax for Polyisobutylene Submission
Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Polyisobutylene
Summary
This notice of filing announces that a petition has been filed requesting that polyisobutylene 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 discusses the potential addition of polyisobutylene to the list of taxable substances, which could impose a new tax burden on businesses involved in the production or sale of this chemical, necessitating compliance with regulatory requirements. This affects financial forecasting and operational planning for related industries.