Insights & Resources

Taxpayers subject to the Superfund Excise Tax are reminded that payments should be deposited semi-monthly unless the net liability is less than $2,500 for the quarter.

Learn about which states have announced motor fuel tax rate changes effective July 1, 2022, and check back as we will continue to monitor and make updates as needed.

In recent months, a number of states have enacted legislation to temporarily suspend the motor fuels tax. Weaver will monitor these actions and update this post regularly.

Taxpayers will be relieved of underpayment penalties under IRC Section 6656 for failing to make required deposits of the Superfund Tax as issued in Notice 2022-15.

The Fifth Circuit Court of Appeals and the U.S. Court of Federal Claims held that the blends of butane and gasoline would not be eligible for the alternative fuel mixture credit.

Taxpayers who are required to obtain a "G" registration under the reinstated Superfund Tax are impacted by recent IRS guidance on registration for certain Form 637.

The Internal Revenue Services (IRS) issued an initial list of 101 chemicals subject to the recently reinstated Superfund excise tax under IRC Section 4661 and Section 4671.

The Infrastructure Investment and Jobs Act, which President Biden signed into law on November 15, 2021, reinstates Superfund excise taxes on the sale and import of certain chemicals as part of the law’s revenue raising provisions.

The Alabama Department of Revenue issued three executive orders to ease the availability of automobile fuel after Hurricane Ida.

The recently passed $1 trillion Infrastructure Investment and Jobs Act includes a proposal to reinstate Superfund excise taxes on the sale and import of certain chemicals as an offset to the bill’s spending provisions.