[Federal Register Volume 59, Number 74 (Monday, April 18, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-9197]
[[Page Unknown]]
[Federal Register: April 18, 1994]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Tax on Certain Imported Substances; Filing of Petition
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This notice announces the acceptance, under Notice 89-61,
1989-1 C.B. 717, of a petition requesting that polycarbonate be added
to the list of taxable substances in section 4672(a)(3) of the Internal
Revenue Code. Publication of this notice is in compliance with Notice
89-61. This is not a determination that the list of taxable substances
should be modified.
DATES: Written comments and requests for a public hearing relating to
this petition must be received by June 17, 1994. Any modification of
the list of taxable substances based upon this petition would be
effective July 1, 1993.
ADDRESSES: Send comments and requests for a public hearing to:
CC:DOM:CORP:T:R (Petition), room 5228, Internal Revenue Service, POB
7604, Ben Franklin Station, Washington, DC 20044.
FOR FURTHER INFORMATION CONTACT: Tyrone J. Montague, Office of
Assistant Chief Counsel (Passthroughs and Special Industries), (202)
622-3130 (not a toll-free number).
SUPPLEMENTARY INFORMATION: The petition was received on August 4, 1992.
The petitioner is Miles, Inc., a manufacturer and exporter of this
substance. The following is a summary of the information contained in
the petition. The complete petition is available in the Internal
Revenue Service Freedom of Information Reading Room.
HTS number: 3907.40.00.00
CAS number: 127133-67-9
This substance is derived from the taxable chemicals methane,
chlorine, benzene, propylene, and sodium hydroxide. Polycarbonate is a
solid produced predominantly by the interfacial polycondensation
reaction of the sodium salt solution of bisphenol-A in an aqueous phase
and phosgene in an organic phase.
The stoichiometric material consumption formula for this substance
is: CH4 (methane) + Cl2 (chlorine) + 2 C6H6
(benzene) + C3H6 (propylene) + 2 NaOH (sodium hydroxide) + 3
O2 (oxygen) ---------->
O(C6H4)C(CH3)2(C6H4)OCO (polycarbonate) +
5 H2O (water) + 2 NaCl (sodium chloride).
According to the petition, taxable chemicals constitute 79.1
percent by weight of the materials used to produce this substance. The
rate of tax for this substance would be $4.91 per ton. This is based
upon a conversion factor for methane of 0.083, a conversion factor for
chlorine of 0.276, a conversion factor for benzene of 0.614, a
conversion factor for propylene of 0.165, and a conversion factor for
sodium hydroxide of 0.315.
Dale D. Goode,
Federal Register Liaison Officer, Assistant Chief Counsel (Corporate).
[FR Doc. 94-9197 Filed 4-15-94; 8:45 am]
BILLING CODE 4830-01-U
