Please join Baker Botts Partners Alexandra Dapolito Dunn, Michael Bresson and Barbara De Marigny and Senior Associate Martha Thomsen and the National Association of Chemical Distributors on Tuesday, January 18 at 11:00 a.m. - 12:00 p.m. CT for an important webinar on these reinstated taxes during which our lawyers will review the details of the taxes, discuss how they will be implemented, and answer your questions.
The newly enacted Infrastructure Investment and Jobs Act (“Infrastructure Act”) has revived and doubled the long-expired “Superfund” excise taxes on selected chemicals. Under the Infrastructure Act, beginning July 1, 2022, manufacturers, producers and importers will be responsible for an excise tax on a universe of 42 chemicals, or on substances made from them, which will be directed to the Hazardous Substance Superfund Trust Fund.
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