Finance & markets · 18/05/1995
IRS Rejects Petition to Tax Acrylic Fiber Under Section 4672(a)(3)
The Internal Revenue Service (IRS) has rejected a petition to add acrylic fiber (93% acrylonitrile, 7% vinyl acetate) to the list of taxable substances under section 4672(a)(3), as outlined in Notice 89-61.