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Superfund Excise Taxes Reinstated July 1, 2022

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This means the tax rates will be higher and apply to more substances than they did in the past. These new excise taxes are set to expire 8½ years after they kick in ( i.e., on December 31, 2031), and they are expected to generate about $14 billion of revenue. Business Tax Services. poly(propyleneoxy)glycerol.

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Superfund Excise Tax Is Catching Many Companies by Surprise

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The Superfund Excise Tax is established to raise funding for the Hazardous Substance Response Trust Fund which is administered by the Environmental Protection Agency and assists in the clean-up of hazardous waste sites when the owner or operator of the site cannot be identified. billion of revenue. Contact Us. Let’s Chat.

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House Ways and Means Committee Introduces Potential Tax Extender Bill

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No credit is allowed unless all the components contained in the battery were manufactured or assembled in North America. For purposes of the Build Back Better Plan, the CBO estimated that the costs associated with the enhanced child tax credit would amount to $207.8 billion in 2031.

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