Baking aid potassium bicarb faces Superfund tax request
Published Date: 1/21/2025
Notice
Summary
The IRS got a request to add potassium bicarbonate to the list of chemicals that get a Superfund tax. This means companies using this chemical might pay extra taxes if the change happens. People have until March 24, 2025, to share their thoughts or ask for a public hearing before any decision is made.
Analyzed Economic Effects
4 provisions identified: 1 benefits, 3 costs, 0 mixed.
Petition to Tax Potassium Bicarbonate
A petition was filed asking the IRS to add potassium bicarbonate to the Superfund list of taxable chemical substances under section 4672(a). If the IRS modifies the list, companies that use potassium bicarbonate might have to pay an added Superfund tax; the notice itself is not a determination.
Petitioner’s $0.25 per Ton Estimate
The petitioner calculated a potential tax rate of $0.25 per ton for potassium bicarbonate based on a conversion factor of 0.56 for potassium hydroxide, and states taxable chemicals constitute 56.04 percent by weight of materials used to produce the substance. These figures are the petitioner’s calculations and are provided for public notice and comment, not as an IRS determination.
Industries Identified as Users
The petition says potassium bicarbonate is used in cattle feed supplements and glass manufacture, and is also used as a food additive and a pharma ingredient. Companies in those industries are the ones the petition explicitly identifies as potential users of the substance.
Comment and Hearing Deadline: March 24, 2025
Written comments and requests for a public hearing on the petition must be received on or before March 24, 2025. Comments can be submitted via Regulations.gov (docket IRS-2025-0009) or by mail, and all comments will be part of the public record.
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Previous / Next Documents
Previous: 2025-01371, Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Sodium Chlorite
The IRS got a request to add sodium chlorite to the list of chemicals that get a special Superfund tax. They want your thoughts on this before deciding, so comments are open until March 24, 2025. If added, companies dealing with sodium chlorite might see new tax costs, so keep an eye on this change!
Next: 2025-01373, Superfund Tax on Chemical Substances; Request to Modify List of Taxable Substances; Notice of Filing for Potassium Carbonate
The IRS got a request to add potassium carbonate to the list of chemicals that get a Superfund tax. This means companies dealing with this chemical might pay extra fees if the change happens. People have until March 24, 2025, to share their thoughts or ask for a public hearing before any decision is made.