Sec. 80201. Extension and modification of certain superfund excise taxes
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Section 4661(c) of the Internal Revenue Code of 1986 is amended to read as follows: No tax shall be imposed by this section after December 31, 2031. . Section 4671(e) of the Internal Revenue Code of 1986 is amended to read as follows: No tax shall be imposed by this section after December 31, 2031. . Section 4661(b) of the Internal Revenue Code of 1986 is amended to read as follows: The amount of tax imposed by subsection
(a)shall be determined in accordance with the following table: In the case of: The tax is the following amount per ton: Acetylene $9.74 Benzene 9.74 Butane 9.74 Butylene 9.74 Butadiene 9.74 Ethylene 9.74 Methane 6.88 Napthalene 9.74 Propylene 9.74 Toluene 9.74 Xylene 9.74 Ammonia 5.28 Antimony 8.90 Antimony trioxide 7.50 Arsenic 8.90 Arsenic trioxide 6.82 Barium sulfide 4.60 Bromine 8.90 Cadmium 8.90 Chlorine 5.40 Chromium 8.90 Chromite 3.04 Potassium dichromate 3.38 Sodium dichromate 3.74 Cobalt 8.90 Cupric sulfate 3.74 Cupric oxide 7.18 Cuprous oxide 7.94 Hydrochloric acid 0.58 Hydrogen fluoride 8.46 Lead oxide 8.28 Mercury 8.90 Nickel 8.90 Phosphorus 8.90 Stannous chloride 5.70 Stannic chloride 4.24 Zinc chloride 4.44 Zinc sulfate 3.80 Potassium hydroxide 0.44 Sodium hydroxide 0.56 Sulfuric acid 0.52 Nitric acid 0.48. . Section 4671(b)(2) of such Code is amended by striking 5 percent and inserting 10 percent . Section 4672(a)(2)(B) of the Internal Revenue Code of 1986 is amended by striking 50 percent each place it appears and inserting 20 percent . Except as otherwise determined by the Secretary of the Treasury (or the Secretary’s delegate), any substance which was determined to be a taxable substance by reason of section 4672(a)(2) of the Internal Revenue Code of 1986 prior to the date of enactment of this Act shall continue to be treated as a taxable substance for purposes of such section after such date. Not later than January 1, 2022, the Secretary of the Treasury (or the Secretary's delegate) shall publish an initial list of taxable substances under section 4672(a) of the Internal Revenue Code of 1986. The amendments made by this section shall take effect on July 1, 2022.