[Federal Register Volume 60, Number 136 (Monday, July 17, 1995)]
[Notices]
[Pages 36457-36458]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-17380]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Tax on Certain Imported Substances (Methyl Methacrylate); Filing
of Petition
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice.
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SUMMARY: This notice announces the acceptance, under Notice 89-61, of a
petition requesting that methyl methacrylate be added to the list of
taxable substances in section 4672(a)(3). 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: Submissions must be received by September 15, 1995. Any
modification of the list of taxable substances based upon this petition
would be effective October 1, 1995.
ADDRESSES: Send submissions to: CC:DOM:CORP:T:R (Petition), room 5228,
Internal Revenue Service, POB 7604, Ben Franklin Station, Washington,
DC 20044. In the alternative, submissions may be hand delivered between
the hours of 8 a.m. and 5 p.m. to: CC:DOM:CORP:T:R (Petition),
Courier's Desk, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC.
FOR FURTHER INFORMATION CONTACT: Ruth Hoffman, Office of Assistant
Chief Counsel (Passthroughs and Special Industries), (202) 622-3130
(not a toll-free number).
SUPPLEMENTARY INFORMATION: The petition was received on October 13,
1994. The petitioner is Rohm and Haas Texas, Inc., a manufacturer and
exporter of this substance. The following is a
[[Page 36458]]
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: 2916.14.00.20
CAS number: 80-62-6
Methyl methacrylate is derived from the taxable chemicals methane,
ammonia, propylene, benzene, and sulfuric acid and is a liquid produced
predominantly by the catalytic reaction of acetone cyanohydrin and
methyl alcohol. The methyl methacrylate is then purified by
distillation.
The stoichiometric material consumption formula for this substance
is:
3 CH4 (methane) + NH3 (ammonia) + C3H6
(propylene) + C6H6 (benzene) + H2SO4 (sulfuric
acid) + 2.5 O2 (oxygen) C5H8O2 (methyl
methacrylate) + NH4HSO4 (ammonium bisulfate) +
C6H6O (phenol) + CH3OH (methanol) + H2O (water) + 2
H20 (hydrogen)
According to the petition, taxable chemicals constitute 77.9
percent by weight of the materials used to produce this substance. The
rate of tax for this substance would be $10.12 per ton. This is based
upon a conversion factor for methane of 0.47, a conversion factor for
ammonia of 0.22, a conversion factor for propylene of 0.6, a conversion
factor for benzene of 0.94, and a conversion factor for sulfuric acid
of 1.63.
Comments and Requests for a Public Hearing
Before a determination is made, consideration will be given to any
written comments (a signed original and eight (8) copies) that are
submitted timely to the IRS. All comments will be available for public
inspection and copying. A public hearing may be scheduled if requested
in writing by a person that timely submits written comments. If a
public hearing is scheduled, notice of the date, time, and place for
the hearing will be published in the Federal Register.
Dale D. Goode,
Federal Register Liaison Officer, Assistant Chief Counsel (Corporate).
[FR Doc. 95-17380 Filed 7-14-95; 8:45 am]
BILLING CODE 4830-01-U
