The Internal Revenue Service, part of the Treasury Department, announced a notice requesting public comments on a petition to add potassium bicarbonate to the list of substances subject to a Superfund tax. The petition, submitted by the Occidental Chemical Corporation, proposes adding potassium bicarbonate, used in cattle feed, glass manufacturing, as a food additive, and a pharmaceutic ingredient, to the taxable list under the Internal Revenue Code. The petition details its classification numbers, composition, and the production process. The public is invited to provide feedback by March 24, 2025, either online or by mail, as outlined in the notice.
Simple Explanation
The government wants to know what people think about adding potassium bicarbonate, a chemical used in things like animal food and glass-making, to a special tax list to help clean up polluted areas. They invite everyone to share their thoughts online or by mail before the end of March 2025.