Search Results for citation:"90 FR 7247"

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Search Results: citation:"90 FR 7247"

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  • 2025-01371 — Superfund Tax on Chemical Substances; Request To Modify List of Taxable Substances; Notice of Filing for Sodium Chlorite
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    Type:Notice
    Citation:90 FR 7247
    Reading Time:about 3 minutes

    The Internal Revenue Service (IRS) published a notice announcing a petition to add sodium chlorite to the list of taxable substances. The petition was filed by Occidental Chemical Corporation and requests public comments on this potential addition, which is not yet confirmed. Sodium chlorite is primarily used in water purification, textile bleaching, and disinfecting meat processing facilities. Comments must be submitted by March 24, 2025, using the Federal eRulemaking Portal or by mail.

    Simple Explanation

    The notice is about a request to start charging money for using a chemical called sodium chlorite. People can send their thoughts about this idea by March 24, 2025.

  • 2025-01373 — Superfund Tax on Chemical Substances; Request to Modify List of Taxable Substances; Notice of Filing for Potassium Carbonate
    💰
    Type:Notice
    Citation:90 FR 7247
    Reading Time:about 3 minutes

    The Internal Revenue Service (IRS) has announced that a petition has been filed to add potassium carbonate to the list of taxable substances. This substance, used in cattle feed, glass manufacturing, and as a food additive, is being proposed for taxation based on its production method and components. The petition, submitted by Occidental Chemical Corporation, suggests a tax rate of $0.36 per ton. The public is invited to comment on this proposal by March 24, 2025.

    Simple Explanation

    The IRS got a request to charge a small fee on something called potassium carbonate, which is used in making glass and food. They’re asking people to say what they think about this idea before making a decision.