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The Internal Revenue Service (IRS) has proposed new rules to manage an excise tax on the sale of certain designated drugs by manufacturers, producers, and importers. These regulations detail how the tax will be applied and calculated, particularly focusing on sales during specific periods defined by law. The proposed rules include definitions of terms like "manufacturer" and "sale," guidelines for identifying sales subject to the tax, and methods for calculating the tax amount. The rules aim to ensure that the tax is assessed fairly and are seeking public comments and possible requests for a hearing by March 3, 2025.

The Environmental Protection Agency (EPA) is asking for public comments on draft lists of companies responsible for fees related to evaluating the risks of five chemical substances under the Toxic Substances Control Act (TSCA). These substances are labeled as High-Priority due to potential health or environmental risks. Companies that make or import these chemicals must self-identify to ensure they're correctly listed for fee payments, but they can also claim exemptions or correct errors. The final list, setting out those liable for fees, will be released alongside the risk evaluation's scope documents.

The Department of Agriculture's Agricultural Marketing Service has approved a recommendation to increase the assessment rate for watermelons under the Watermelon Research and Promotion Plan. The new rate boosts the assessment from six to nine cents per hundredweight. Domestic producers with 10 acres or more and domestic handlers will each pay four and a half cents per hundredweight, while importers of 150,000 pounds or more will pay nine cents per hundredweight. This increase aims to address inflation's impact on the plan’s buying power and continues to support marketing and research efforts, benefiting the watermelon industry overall. The rule also includes administrative corrections without changing the assessment rate.