Form 6627

Form 6627

A form that some refineries, importers, and exporters file with the IRS to calculate the tax owed on the manufacture or use of petroleum or other ozone-depleting chemicals. This tax is levied in order to incentivize the development of environmentally-friendly energy.
References in periodicals archive ?
The liability for these taxes is computed on Form 6627, Environmental Taxes, and attached to Form 720, Quarterly Federal Excise Tax Return.
4682-3T(c)(2), an election may be made on Form 6627, Environmental Taxes, to impose the tax on the date the product enters the country.