IRS May Tax Neo Decanoic Acid Under Superfund Chemical List
Published Date: 5/21/2025
Notice
Summary
The IRS got a request to add neo decanoic acid to the list of chemicals that get taxed under the Superfund program. If added, companies dealing with this chemical might pay new taxes, but no decision has been made yet. People have until July 21, 2025, to share their thoughts or ask for a public hearing.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Petition to Add Neo Decanoic Acid to Superfund Tax List
A petition was filed asking the IRS to add neo decanoic acid to the list of substances taxable under section 4672(a) of the Internal Revenue Code. The petitioner (Exxon Mobil Corporation) filed the petition for determination on May 1, 2025, reports that taxable chemicals make up 66.2% by weight of the materials used to make the substance, and calculated a tax rate of $6.43 per ton; written comments or requests for a hearing are due by July 21, 2025.
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