[Federal Register Volume 60, Number 144 (Thursday, July 27, 1995)]
[Notices]
[Pages 38604-38605]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-18402]



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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Tax on Certain Imported Substances (Poly 1,4 
butyleneterephthalate); 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 poly 1,4 butyleneterephthalate 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 25, 1995. Any 
modification of the list of taxable substances based upon this petition 
would be effective April 1, 1991.

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).


[[Page 38605]]

SUPPLEMENTARY INFORMATION: The petition was received on April 30, 1990. 
The petitioner is GE Plastics, 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: 3907.91.00
CAS number: 26062-94-2

    Poly 1,4 butyleneterephthalate is derived from the taxable 
chemicals acetylene, methane, and xylene and is a solid produced 
predominantly by the melt polycondensation process.
    The stoichiometric material consumption formula for this substance 
is: 176 C2H2 (acetylene)+702 CH4 (methane)+175 
C8H10 (xylene)+352 H2 (hydrogen)+701 O2 
(oxygen)+350 H2O (water)+0.08 Ti(OC3H7)4 (tetra 
iso-propyl titanate) -----> 
HO(CH2)4O(C8H4O2)175(C4H8O2)1
75 (poly 1,4 butyleneterephthalate)+0.08 Ti (titanium)+0.32 
C3H80 (isopropanol)+350 CH3OH (methanol)+700 H2O 
(water)+702 H2 (hydrogen).
    According to the petition, taxable chemicals constitute 53.8 
percent by weight of the materials used to produce this substance. The 
rate of tax for this substance would be $3.92 per ton. This is based 
upon a conversion factor for acetylene of 0.1186, a conversion factor 
for methane of 0.2920, and a conversion factor for xylene of 0.4816.

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. 95-18402 Filed 7-26-95; 8:45 am]
BILLING CODE 4830-01-U