A second wave of Superfund taxes will go into effect on January 1, 2023. The new round of taxes will be applied to imported crude oil and petroleum products. The petroleum excise tax applies to crude received at a US refinery and is to be paid by the refinery operator. Taxes on petroleum products... Read more »
The Infrastructure Investment and Jobs Ace (“Infrastructure Bill”) the was signed into law in November of 2021 is currently set to take effect July 1, 2022. This excise tax on 42 manufactured products and other products derived from these products used to fund the Hazardous Substance Response Trust Fund used by the US EPA is... Read more »
