Are you aware that Congress reinstated the Superfund Tax on 42 taxable chemicals and 151 taxable substances, effective July 1, 2022? The Superfund Tax will be in effect from July 1, 2022 through December 31, 2031, during which time each taxpayer must make deposits of tax semimonthly for periods in which the tax liability is incurred.
The NACD has compiled the following references about the reinstated Superfund Tax for informational purposes:
- Webinar Tackles Reinstatement of the Superfund Tax - National Association of Chemical Distributors (nacd.com)
- Issue Summary | Resurrection of the Superfund Tax - National Association of Chemical Distributors
Are you also aware that Datacor ERP can assist you in addressing and applying the Superfund Tax?
To learn how you can use Datacor ERP to manage the Superfund Tax, reach out to a sales representative today.