Search Results for keywords:"Occidental Chemical Corporation"

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.

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.

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.

A petition has been filed requesting the addition of cyanuric acid to the list of taxable substances, as stated by the Internal Revenue Service (IRS). This notice invites public comments on the petition and clarifies that this is not yet a decision to modify the list. The petition was submitted by Occidental Chemical Corporation, which asserts that cyanuric acid is composed of 27.90% taxable chemicals by weight and calculates a proposed tax rate of $2.11 per ton. Public feedback must be submitted by March 24, 2025, through the Federal eRulemaking Portal or via mail.