Preparing for the Return of the Superfund Tax

On July 1, the reinstated Superfund Excise Tax — approved as part of the federal infrastructure law — will take effect for the first time since late 1995. As noted in this analysis by OMA Connections Partner HBK, the revived tax will impact the sale of taxable chemicals, as well as the sale or use of imported “taxable substances” utilizing one or more taxable chemicals in their manufacture.

Because many manufacturers and importers may be unfamiliar with the Superfund tax, the OMA’s June 15 Tax Committee meeting will feature an update from OMA Connections Partner Schneider Downs. Register here. 6/7/2022