Superfund Chemical Substance Tax; Request To Modify List of Taxable Substances; Filing of Petition for 4,4′-Isopropylidenediphenol-Epichlorohydrin Copolymer, 3478-3479 [2023-00948]

Download as PDF 3478 Federal Register / Vol. 88, No. 12 / Thursday, January 19, 2023 / Notices 5(c)(1)(iii) from April 1, 2020, to September 30, 2021. Similarly, the U.S. Department of Housing and Urban Development issued a memorandum on September 27, 2021, updating its memorandum, Revision, Extension and Update of April 2020 Memorandum Availability of Waivers and Suspensions of the HOME Program Requirements in Response to COVID–19 Pandemic issued on December 4, 2020, extending the waiver to perform onsite inspections of HOME-assisted rental housing and annual re-inspections of units assisted with HOME Tenant-Based Renal Assistance from September 30, 2021, to December 31, 2021. The CDFI Fund has determined that to provide relief to CMF Recipients during the height of the COVID–19 pandemic, and to align CMF regulatory requirements with other federal programs, temporary relief related to annual tenant income determination for this period is warranted. For the above stated reasons, the CDFI Fund is issuing a general waiver herein of 12 CFR 1807.401(f) in cases where the CMF Award Recipient did not undertake or complete annual tenant income examination and verification during the period of affordability for the applicable dates in response to the COVID–19 pandemic. This is to provide maximum administrative flexibility and better assist low-and very low-income households as they deal with the effects of the COVID–19 pandemic. This waiver extends relief for the period beginning April 1, 2020, and ending December 31, 2021. As of January 1, 2022, the CMF Award Recipient shall have recommenced tenant income re-certification on an annual basis in compliance with 12 CFR 1807.401(f). Authority: Pub. L. 110–289. 12 U.S.C. 4701, 12 CFR part 1805, 12 CFR part 1807, 12 CFR part 1815, 12 U.S.C. 4502. Jodie L. Harris, Director, Community Development Financial Institutions Fund. [FR Doc. 2023–00932 Filed 1–18–23; 8:45 am] BILLING CODE 4810–05–P DEPARTMENT OF THE TREASURY khammond on DSKJM1Z7X2PROD with NOTICES Internal Revenue Service Superfund Chemical Substance Tax; Request To Modify List of Taxable Substances; Filing of Petition for 4,4′IsopropylidenediphenolEpichlorohydrin Copolymer Internal Revenue Service (IRS), Treasury. AGENCY: VerDate Sep<11>2014 17:49 Jan 18, 2023 Jkt 259001 Notice of filing and request for comments. ACTION: This notice of filing announces that a petition has been filed pursuant to Revenue Procedure 2022– 26, 2022–29 I.R.B. 90, requesting that 4,4′-IsopropylidenediphenolEpichlorohydrin Copolymer be added to the list of taxable substances under section 4672(a) of the Internal Revenue Code (‘‘Code’’). This notice of filing also requests comments on the petition. This notice of filing is not a determination that the list of taxable substances is modified. DATES: Written comments and requests for a public hearing must be received on or before March 20, 2023. ADDRESSES: Commenters are encouraged to submit public comments or requests for a public hearing relating to this petition electronically via the Federal eRulemaking Portal at https:// www.regulations.gov (indicate public docket number IRS–2022–0038 or 4,4′IsopropylidenediphenolEpichlorohydrin Copolymer) by following the online instructions for submitting comments. Comments cannot be edited or withdrawn once submitted to the Federal eRulemaking Portal. Alternatively, comments and requests for a public hearing may be mailed to: Internal Revenue Service, Attn: CC:PA:LPD:PR (Notice of Filing for 4,4′-IsopropylidenediphenolEpichlorohydrin Copolymer), Room 5203, P.O. Box 7604, Ben Franklin Station, Washington DC 20044. All comments received are part of the public record and subject to public disclosure. All comments received will be posted without change to www.regulations.gov, including any personal information provided. You should submit only information that you wish to make publicly available. If a public hearing is scheduled, notice of the time and place for the hearing will be published in the Federal Register. FOR FURTHER INFORMATION CONTACT: Please contact Amanda F. Dunlap, (202) 317–6855 (not a toll-free number). SUPPLEMENTARY INFORMATION: (a) Overview. The petition requesting the addition of 4,4′IsopropylidenediphenolEpichlorohydrin Copolymer to the list of taxable substances under section 4672(a) of the Code is based on weight and contains the information detailed in paragraph (b) of this document. The information is provided for public notice and comment pursuant to section 9 of Rev. Proc. 2022–26. The publication of petition content in this notice of filing does not constitute Department of SUMMARY: PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 the Treasury or Internal Revenue Service confirmation of the accuracy of the information published. (b) Petition Content. (1) Substance name: 4,4′IsopropylidenediphenolEpichlorohydrin Copolymer. According to the petition, these are the chemical names of 4,4′IsopropylidenediphenolEpichlorohydrin Copolymer: Bisphenol A Epoxy Resin. (2) Petitioner: Westlake Epoxy Inc., an exporter of 4,4′IsopropylidenediphenolEpichlorohydrin Copolymer. (3) Proposed Classification Numbers: HTSUS number: 3907.30.0000. Schedule B number: 3907.30.0000. CAS number: 25068–38–6. (4) Petition Filing Date: December 20, 2022. Petition filing date for purposes of section 11.02 of Rev. Proc. 2022–26: July 1, 2022. (5) Brief Description of the Petition: According to the petition, 4,4′IsopropylidenediphenolEpichlorohydrin Copolymer is a Bisphenol A Epoxy Resin and is used for Epoxide Resin. 4,4′IsopropylidenediphenolEpichlorohydrin Copolymer is derived from the taxable chemicals benzene, propylene, chlorine, and sodium hydroxide and produced predominantly from epichlorohydrin and bisphenol-A via a two-step glycidation reaction sequence. Taxable chemicals comprise 92.98 percent of the final product. (6) Process Identified in Petition as Predominant Method of Production of Substance: 4,4′IsopropylidenediphenolEpichlorohydrin Copolymer is derived from the taxable chemicals benzene, propylene, chlorine, and sodium hydroxide, and is produced predominantly from epichlorohydrin and bisphenol-A via a two-step glycidation reaction sequence. Epichlorohydrin is typically produced via an addition reaction of chlorine to propylene that yields allyl chloride and subsequently dichlorohydrin isomers, followed by a dehydrochlorination step in the presence of sodium hydroxide to yield epichlorohydrin. Bisphenol A is typically produced from the reaction of benzene and propylene that yields phenol and acetone. Under acidic conditions and with an appropriate catalyst, two units of phenol can react with one unit of acetone to yield Bisphenol A. With available epichlorohydrin and Bisphenol A, 4,4′IsopropylidenediphenolEpichlorohydrin Copolymer can be obtained through a two-step glycidation E:\FR\FM\19JAN1.SGM 19JAN1 Federal Register / Vol. 88, No. 12 / Thursday, January 19, 2023 / Notices reaction sequence where epichlorohydrin is added to Bisphenol A (deprotonated with sodium hydroxide) and then water, sodium hydroxide, and sodium chloride are removed in a dehydrochlorination step. (7) Stoichiometric Material Consumption Equation, Based on Process Identified as Predominant Method of Production: 2 C6H6 (benzene) + 4 C3H6 (propylene) + 4 Cl2 (chlorine) + 6 NaOH (sodium hydroxide) + 2 O2 (oxygen) → (CH3)2C(C6H4OC3H5O)2 (4,4′IsopropylidenediphenolEpichlorohydrin Copolymer) + CH3COCH3 (acetone) + 2 HCl (hydrogen chloride) + 6 NaCl (sodium chloride) + 5 H2O (water) (8) Rate of Tax Calculated by Petitioner Based on Petitioner’s Conversion Factors for Taxable Chemicals Used in Production of Substance: Rate of Tax: $14.13 per ton. Conversion Factors: 0.46 for benzene 0.49 for propylene 0.83 for chlorine 0.71 for sodium hydroxide (9) Public Docket Number: IRS–2022– 0038. Stephanie Bland, Branch Chief (Passthroughs and Special Industries), IRS Office of Chief Counsel. [FR Doc. 2023–00948 Filed 1–18–23; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request Concerning Extraterritorial Income Exclusion Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning extraterritorial income exclusion. khammond on DSKJM1Z7X2PROD with NOTICES SUMMARY: Written comments should be received on or before March 20, 2023 to be assured of consideration. ADDRESSES: Direct all written comments to Andres Garcia, Internal Revenue DATES: VerDate Sep<11>2014 17:49 Jan 18, 2023 Jkt 259001 Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to pra.comments@irs.gov. Include OMB control number 1545– 1722 or comments concerning extraterritorial income exclusion. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form should be directed to Kerry Dennis at (202) 317–5751, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at Kerry.L.Dennis@irs.gov. SUPPLEMENTARY INFORMATION: Title: Extraterritorial Income Exclusion. OMB Number: 1545–1722. Form Number: 8873. Abstract: The FSC and Extraterritorial Income Exclusion Act of 2000 added section 114 to the Internal Revenue Code. Section 114 provides for an exclusion from gross income for certain transactions occurring after September 30, 2000, with respect to foreign trading gross receipts. Form 8873 is used to compute the amount of extraterritorial income excluded from gross income for the tax year. Current Actions: There are no changes to the form or burden. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 100. Estimated Time per Respondent: 25 hours, 27 minutes. Estimated Total Annual Burden Hours: 2,545 hours. The following paragraph applies to all the collections of information covered by this notice. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained if their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 3479 agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: January 12, 2023. Kerry L. Dennis, Tax Analyst. [FR Doc. 2023–00919 Filed 1–18–23; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 14767 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Internal Revenue Service (IRS), as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Consent to Disclose Tax Compliance Check. DATES: Written comments should be received on or before March 20, 2023 to be assured of consideration. ADDRESSES: Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to pra.comments@irs.gov. Include ‘‘OMB Number 1545–1856Consent to Disclose Tax Compliance Check’’ in the subject line of the message. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of this collection should be directed to Martha R. Brinson, at (202) 317–5753, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at Martha.R.Brinson@irs.gov. SUPPLEMENTARY INFORMATION: Title: Consent to Disclose Tax Compliance Check. OMB Number: 1545–1856. SUMMARY: E:\FR\FM\19JAN1.SGM 19JAN1

Agencies

[Federal Register Volume 88, Number 12 (Thursday, January 19, 2023)]
[Notices]
[Pages 3478-3479]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-00948]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Superfund Chemical Substance Tax; Request To Modify List of 
Taxable Substances; Filing of Petition for 4,4'-Isopropylidenediphenol-
Epichlorohydrin Copolymer

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of filing and request for comments.

-----------------------------------------------------------------------

SUMMARY: This notice of filing announces that a petition has been filed 
pursuant to Revenue Procedure 2022-26, 2022-29 I.R.B. 90, requesting 
that 4,4'-Isopropylidenediphenol-Epichlorohydrin Copolymer be added to 
the list of taxable substances under section 4672(a) of the Internal 
Revenue Code (``Code''). This notice of filing also requests comments 
on the petition. This notice of filing is not a determination that the 
list of taxable substances is modified.

DATES: Written comments and requests for a public hearing must be 
received on or before March 20, 2023.

ADDRESSES: Commenters are encouraged to submit public comments or 
requests for a public hearing relating to this petition electronically 
via the Federal eRulemaking Portal at https://www.regulations.gov 
(indicate public docket number IRS-2022-0038 or 4,4'-
Isopropylidenediphenol-Epichlorohydrin Copolymer) by following the 
online instructions for submitting comments. Comments cannot be edited 
or withdrawn once submitted to the Federal eRulemaking Portal. 
Alternatively, comments and requests for a public hearing may be mailed 
to: Internal Revenue Service, Attn: CC:PA:LPD:PR (Notice of Filing for 
4,4'-Isopropylidenediphenol-Epichlorohydrin Copolymer), Room 5203, P.O. 
Box 7604, Ben Franklin Station, Washington DC 20044. All comments 
received are part of the public record and subject to public 
disclosure. All comments received will be posted without change to 
www.regulations.gov, including any personal information provided. You 
should submit only information that you wish to make publicly 
available. If a public hearing is scheduled, notice of the time and 
place for the hearing will be published in the Federal Register.

FOR FURTHER INFORMATION CONTACT: Please contact Amanda F. Dunlap, (202) 
317-6855 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 
    (a) Overview. The petition requesting the addition of 4,4'-
Isopropylidenediphenol-Epichlorohydrin Copolymer to the list of taxable 
substances under section 4672(a) of the Code is based on weight and 
contains the information detailed in paragraph (b) of this document. 
The information is provided for public notice and comment pursuant to 
section 9 of Rev. Proc. 2022-26. The publication of petition content in 
this notice of filing does not constitute Department of the Treasury or 
Internal Revenue Service confirmation of the accuracy of the 
information published.
    (b) Petition Content.
    (1) Substance name: 4,4'-Isopropylidenediphenol-Epichlorohydrin 
Copolymer.
    According to the petition, these are the chemical names of 4,4'-
Isopropylidenediphenol-Epichlorohydrin Copolymer: Bisphenol A Epoxy 
Resin.
    (2) Petitioner: Westlake Epoxy Inc., an exporter of 4,4'-
Isopropylidenediphenol-Epichlorohydrin Copolymer.
    (3) Proposed Classification Numbers:
    HTSUS number: 3907.30.0000.
    Schedule B number: 3907.30.0000.
    CAS number: 25068-38-6.
    (4) Petition Filing Date: December 20, 2022.
    Petition filing date for purposes of section 11.02 of Rev. Proc. 
2022-26: July 1, 2022.
    (5) Brief Description of the Petition: According to the petition, 
4,4'-Isopropylidenediphenol-Epichlorohydrin Copolymer is a Bisphenol A 
Epoxy Resin and is used for Epoxide Resin. 4,4'-Isopropylidenediphenol-
Epichlorohydrin Copolymer is derived from the taxable chemicals 
benzene, propylene, chlorine, and sodium hydroxide and produced 
predominantly from epichlorohydrin and bisphenol-A via a two-step 
glycidation reaction sequence. Taxable chemicals comprise 92.98 percent 
of the final product.
    (6) Process Identified in Petition as Predominant Method of 
Production of Substance: 4,4'-Isopropylidenediphenol-Epichlorohydrin 
Copolymer is derived from the taxable chemicals benzene, propylene, 
chlorine, and sodium hydroxide, and is produced predominantly from 
epichlorohydrin and bisphenol-A via a two-step glycidation reaction 
sequence. Epichlorohydrin is typically produced via an addition 
reaction of chlorine to propylene that yields allyl chloride and 
subsequently dichlorohydrin isomers, followed by a dehydrochlorination 
step in the presence of sodium hydroxide to yield epichlorohydrin. 
Bisphenol A is typically produced from the reaction of benzene and 
propylene that yields phenol and acetone. Under acidic conditions and 
with an appropriate catalyst, two units of phenol can react with one 
unit of acetone to yield Bisphenol A. With available epichlorohydrin 
and Bisphenol A, 4,4'-Isopropylidenediphenol-Epichlorohydrin Copolymer 
can be obtained through a two-step glycidation

[[Page 3479]]

reaction sequence where epichlorohydrin is added to Bisphenol A 
(deprotonated with sodium hydroxide) and then water, sodium hydroxide, 
and sodium chloride are removed in a dehydrochlorination step.
    (7) Stoichiometric Material Consumption Equation, Based on Process 
Identified as Predominant Method of Production:

2 C6H6 (benzene) + 4 C3H6 
(propylene) + 4 Cl2 (chlorine) + 6 NaOH (sodium hydroxide) + 
2 O2 (oxygen) [rarr] 
(CH3)2C(C6H4OC3H5
O)2 (4,4'-Isopropylidenediphenol-Epichlorohydrin Copolymer) 
+ CH3COCH3 (acetone) + 2 HCl (hydrogen chloride) 
+ 6 NaCl (sodium chloride) + 5 H2O (water)

    (8) Rate of Tax Calculated by Petitioner Based on Petitioner's 
Conversion Factors for Taxable Chemicals Used in Production of 
Substance:
    Rate of Tax: $14.13 per ton.
    Conversion Factors:
0.46 for benzene
0.49 for propylene
0.83 for chlorine
0.71 for sodium hydroxide

    (9) Public Docket Number: IRS-2022-0038.

Stephanie Bland,
Branch Chief (Passthroughs and Special Industries), IRS Office of Chief 
Counsel.
[FR Doc. 2023-00948 Filed 1-18-23; 8:45 am]
BILLING CODE 4830-01-P
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