Beginning July 1, 2022, a Federal excise tax, commonly referred to as the “Superfund Tax,” will be imposed on any taxable chemical sold by a manufacturer, producer, or importer. The.
The Internal Revenue Service (“IRS”) has published Notice 2021-66 titled: Superfund: Initial List of Taxable Substances; Registration; Procedural Rules; Request for.
Following the enactment of the federal Infrastructure Investment and Jobs Act (H.R. 3684) and its signing into law by President Joseph R. Biden this month, significantly expanded.