Get ready for a resurrection of the Superfund tax

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The Superfund is on its way back.
Originally enacted in 1980 as the Hazardous Waste Contamination Act, the Superfund was an excise tax assessed against the chemical, oil and gas industries, according to John Beaty, general manager over excise tax at Avalara. “It hit anyone who used items from a certain list of chemicals that could potentially lead to contaminated sites,” he said.
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Photo credit: Accounting Today

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