The US Senate on August 10 passed, 69-30, a $1 trillion bipartisan infrastructure bill (HR 3684, the ‘‘Infrastructure Investment and Jobs Act”), with $550 billion in new infrastructure spending that would be offset by a combination of tax and non-tax provisions. The offsets include a provision to reinstate the hazardous substance Superfund excise taxes on chemical manufacturing and imports (superfund excise taxes). The Senate-passed bill now goes to the House, where Democratic leaders have indicated that action on the bill may be delayed until and unless the Senate passes a ‘budget reconciliation’ spending and tax bill.
Source PwC
Latest Posts in "United States"
- Why Voluntary Disclosure Agreements Are Key to Reducing Multi-State Sales Tax Risks
- Comprehensive Guide to Michigan Sales Tax: Rates, Nexus, Exemptions, and Compliance Essentials
- Washington Expands Sales Tax to Include New Digital Products Starting October 2025
- Navigating U.S. Invoice Storage and Retention: Federal, State, and Industry-Specific Rules Explained
- Washington State Imposes Sales Tax on Advertising Services, Affecting Digital Marketing Compliance
