Tongue-Twister Rubber Tax: Norbornene Variant in Spotlight
Published Date: 4/3/2025
Notice
Summary
A new petition wants to add a special kind of rubber to the list of chemicals that companies pay a Superfund tax on. This affects businesses that make or use this rubber, and the government is asking for public comments before making any changes. No tax changes are official yet, but keep an eye out for updates that could impact costs and deadlines.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Petition to Tax Specific Rubber
A petition has been filed to add ethylene-propylene-ethylidene norbornene rubber ((C2H4)m-(C3H6)n-(C9H12)o; m=56.82, n=40.46, o=2.71) to the list of substances subject to the Superfund tax. The IRS and Treasury are asking for public comments on that petition. This notice is not a decision — the list has not been changed yet, but businesses that make or use this rubber could be affected if it is added.
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