🧪IRS Notice on Superfund Tax for Styrene-Butadiene Rubber
Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Solution Styrene-butadiene Rubber (m=67.16; n=32.85)
Summary
This notice of filing announces that a petition has been filed requesting that solution styrene-butadiene rubber ((C<INF>4</INF>H<INF>6</INF>)<INF>m</INF>- (C<INF>8</INF>H<INF>8</INF>)<INF>n</INF>; m=67.16; n=32.85) 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 of filing about the addition of solution styrene-butadiene rubber to the list of taxable substances indicates that businesses involved in its production may face new tax obligations. The proposed tax rate of $9.74 per ton could impact operational costs for manufacturers and importers. Additionally, the need for public comments could lead to further scrutiny of tax regulations in the industry.