Chewing Gum Goo Taxed for Superfund? IRS Wants Comments.
Published Date: 4/2/2025
Notice
Summary
The IRS got a request to add polyisobutylene, a chemical, to the list of substances that get taxed for Superfund cleanup. This doesn’t mean it’s official yet—they want your thoughts by June 2, 2025. If added, companies dealing with this chemical might pay new taxes to help clean up pollution.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Petition to Tax Polyisobutylene Under Superfund
A petition was filed asking the IRS to add polyisobutylene to the list of taxable substances under Internal Revenue Code section 4672(a). The petitioner, TPC Group, Inc., provided classification identifiers (HTSUS 3902.20.10.00 and 3902.20.50.00; Schedule B 3902.20.1000 and 3902.20.5000; CAS 9003-27-4) and calculated a possible tax rate of $9.74 per ton. The IRS is soliciting public comments and requests for a hearing; comments must be received on or before June 2, 2025, and the notice states this filing is not a determination that the substance will be added.
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