The Superfund Tax on Chemicals Is an Oldie but Not a Goodie
Tax attorney Nicole Elliott wrote an article for Bloomberg Law about businesses' struggles with the reinstated Superfund tax on chemicals. Ms. Elliott explains that businesses are being forced to work off an outdated law without the right guidance to ensure they meet their obligations. The Superfund tax on chemicals was last effective in 1995 before being reinstated 27 years later with the passage of the Infrastructure Investment and Jobs Act. Ms. Elliott expresses her view that businesses are now forced to work off an outdated law without the right guidance to ensure their meet their obligations. Ms. Elliott shares some background information on this tax and talks about some guidance that could mitigate confusion for businesses.