IRS Eyes Tax on Synthetic Rubber Used in Everyday Products
Published Date: 4/3/2025
Notice
Summary
A new petition wants to add solution styrene-butadiene rubber to the list of chemicals that get taxed under the Superfund program. If approved, companies making or using this chemical might pay new taxes to help clean up pollution. Right now, the government is asking for your thoughts before making any decisions.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Potential Superfund Tax on SBR
If approved, companies that make or use solution styrene-butadiene rubber ((C4H6)m-(C8H8)n; m=67.16; n=32.85) would be added to the list of substances taxed under the Superfund program and might pay new taxes to fund pollution cleanup. The notice requests public comments on the petition and states this filing is not a determination that the list will be changed.
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