September 11, 2024
Petitions Filed to Add Several Chemicals to List of Taxable Substances; Comments Due November 4, 2024
On September 3, 2024, the Internal Revenue Service (IRS) announced that petitions have been filed to add the following chemicals to the list of taxable substances: Diethylene Glycol Monomethyl Ether (89 Fed. Reg. 71788): The Dow Chemical Company, an exporter of diethylene glycol monomethyl ether, filed the petition. According to the petition, diethylene glycol monomethyl ether is an ethylene-based glycol ether solvent. Diethylene glycol monomethyl ether is a liquid used in a variety of...