Close
Superfund Excise Tax on Chemicals and Imported Taxable Substances

June 1, 2022

Article

Authored By GreerWalker

img

GreerWalker is a proud member of RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax and consulting services focused on the middle market. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries. Our membership in RSM US Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise, and technical resources. For more information on how GreerWalker can assist you, please call (704) 377-0239.

As part of the Infrastructure Investment and Jobs Act signed into law on November 15, 2021, Superfund excise taxes imposed on chemicals and imported taxable products will be reinstated effective July 1, 2022 through December 21, 2031. Manufacturers and importers of chemicals and substances containing chemicals may be liable for federal excise tax. Purchasers of these chemicals may see increased prices of these products.

Pertinent businesses should consider examining for any potential exposure to the updated and amended Superfund tax list. Download the whitepaper below for a detailed list of substances subject to tax.

The GreerWalker team can assist you in understanding the excise tax rules and compliance requirements for these taxes. Contact your advisor today to start the conversation.

Download our Whitepaper

Click below to view our in-depth whitepaper.

Let’s Talk!

You can call us at (800) 880-7800 or fill out the form below and we’ll contact you to discuss your specific situation.



  • Topic Name:
  • Should be Empty:

RSM US Alliance provides its members with access to resources of RSM US LLP. RSM US Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each are separate and independent from RSM US LLP. RSM US LLP is the U.S. member firm of RSM International, a global network of independent audit, tax, and consulting firms. Members of RSM US Alliance have access to RSM International resources through RSM US LLP but are not member firms of RSM International. Visit rsmus.com/aboutus for more information regarding RSM US LLP and RSM International. The RSM(tm) brandmark is used under license by RSM US LLP. RSM US Alliance products and services are proprietary to RSM US LLP.

Get In Touch With Us

Should be Empty:
Get in Touch With GreerWalker