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A New(ish) Chemical Excise Tax Effective July 2022

By Amanda H. Nussbaum, Aliza Cinamon, T.J. Ruane and Thomas Multari on Posted in Environment, IRS, Tax, U.S. Legislation
After a more than 26 year hiatus, on July 1, 2022, the Superfund chemical excise tax (the “Superfund Chemical Tax”) will again become effective. This excise tax, reinstated by the passage of the Infrastructure Investment and Jobs Act,[1] is imposed on manufacturers, producers, and importers of certain chemicals and chemical substances. As discussed below, the … Continue Reading
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