3 Apr 2025
🧪IRS Notice on Styrene-Acrylonitrile Superfund Tax Filing
Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Styrene-Acrylonitrile (a=0.26, s=0.74)
Summary
This notice of filing announces that a petition has been filed requesting that styrene-acrylonitrile ((C<INF>3</INF>H<INF>3</INF>N)<INF>a</INF>- (C<INF>8</INF>H<INF>8</INF>)<INF>s</INF>; a=0.26, s=0.74) 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
$$$ - High
The notice concerns the petition to add styrene-acrylonitrile to the taxable substances list under the Internal Revenue Code. Businesses involved in the production or import of styrene-acrylonitrile may face new tax liabilities, impacting financial planning and compliance obligations.