NACD Member Testifies on the Impacts of Reinstated Superfund Tax
Member of National Association of Chemical Distributors (NACD), Jeffrey Wright, executive vice president and CFO of TRInternational, Inc., testified during a public hearing conducted by the United States Internal Revenue Service (IRS) on the substantial challenges of the reinstated Superfund excise tax on chemicals and chemical substances.
In his testimony, Wright underscored the impacts of the reinstated Superfund tax on the chemical distribution industry and urged the IRS to clarify its guidance following more than two years of regulatory uncertainty since the tax was restored through the passage of the Infrastructure Investment and Jobs Act.