2025-09131NoticeWallet

IRS Considers Adding Nonene to the Superfund Tax List

Published Date: 5/21/2025

Notice

Summary

The IRS got a request to add a chemical called nonene to the list of substances taxed under the Superfund program. If added, companies dealing with nonene might pay new taxes to help clean up pollution. People have until July 21, 2025, to share their thoughts or ask for a public hearing before any decision is made.

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Petition to Add Nonene to Superfund Tax List

A petition was filed asking the IRS to add nonene to the list of chemicals taxable under Internal Revenue Code section 4672(a). The petition was filed May 1, 2025 by Exxon Mobil Corporation and includes petitioner calculations showing a potential tax rate of $8.77 per ton, a conversion factor of 0.9 for propylene, and that taxable chemicals make up 90.5 percent by weight of the materials used to produce nonene.

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Key Dates

Published Date
5/21/2025

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Internal Revenue Service
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