Date: 03/29/2023
Agencies: Treasury
Type: Implementation of IRA
Explanation: Agency Announcement
IRA Sections: 13601
Entities:
Summary: The Superfund tax, a tax on certain importers of crude oil and imported petroleum products, was increased by the IRA. The IRS recently announced how the tax would be implemented, including an explanation on a safe harbor rule and how much affected companies will be expected to pay in 2023.