Compliance Obligations Still Murky for Superfund Excise Tax
Tax Attorneys Nichole Elliott and Mary Kate Nicholson co-authored an article featured on Law360 about the recent reinstatement of the Superfund excise tax as part of the Infrastructure Investment and Jobs Act. The revenue generated from this tax is used to pay for clean-up costs of sites designated by the U.S. Environment Protection Agency as Superfund sites when no other party is liable to pay. The authors explore key topics such as the basics of Superfund Chemical Taxes, the notice of proposed rulemaking, exceptions to the Superfund Chemical Tax and other taxable substances.
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