A New(ish) Chemical Excise Tax Effective July 2022 - Chemicals
After a more than 26 year hiatus, on July 22, 2022, the Superfund chemical excise tax (the "Superfund Chemical Tax") will again become effective.
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After a more than 26 year hiatus, on July 22, 2022, the Superfund chemical excise tax (the "Superfund Chemical Tax") will again become effective.
On July 22, 2022, the Superfund chemical excise tax will again become effective. This excise tax, reinstated by the passage of the Infrastructure Investment and Jobs Act, is imposed on manufacturers, producers, and importers of certain chemicals and chemical substances.
After a more than 26 year hiatus, on July 22, 2022, the Superfund chemical excise tax (the “Superfund Chemical Tax”) will again become effective. This excise tax, reinstated by the...