6627 Environmental Taxes

U.S. Business Income Tax Returns

f6627--2023-01-00

U. S. Business Income Tax Return

OMB: 1545-0123

Document [pdf]
Download: pdf | pdf
Note: The draft you are looking for begins on the next page.

Caution: DRAFT—NOT FOR FILING

This is an early release draft of an IRS tax form, instructions, or publication,
which the IRS is providing for your information. Do not file draft forms and do
not rely on draft forms, instructions, and publications for filing. We do not
release draft forms until we believe we have incorporated all changes (except
when explicitly stated on this coversheet). However, unexpected issues
occasionally arise, or legislation is passed—in this case, we will post a new draft
of the form to alert users that changes were made to the previously posted draft.
Thus, there are never any changes to the last posted draft of a form and the
final revision of the form. Forms and instructions generally are subject to OMB
approval before they can be officially released, so we post only drafts of them
until they are approved. Drafts of instructions and publications usually have
some changes before their final release.
Early release drafts are at IRS.gov/DraftForms and remain there after the
final release is posted at IRS.gov/LatestForms. All information about all forms,
instructions, and pubs is at IRS.gov/Forms.
Almost every form and publication has a page on IRS.gov with a friendly
shortcut. For example, the Form 1040 page is at IRS.gov/Form1040; the Pub.
501 page is at IRS.gov/Pub501; the Form W-4 page is at IRS.gov/W4; and the
Schedule A (Form 1040/SR) page is at IRS.gov/ScheduleA. If typing in a link
above instead of clicking on it, be sure to type the link into the address bar of
your browser, not a Search box.
If you wish, you can submit comments to the IRS about draft or final forms,
instructions, or publications at IRS.gov/FormsComments. Include “NTF”
followed by the form number (for example, “NTF1040” or “NTFW4”, etc.) in the
body of the message to route your message properly. We cannot respond to all
comments due to the high volume we receive and may not be able to consider
many suggestions until the subsequent revision of the product, but we will
review each routed message.
If you have comments on reducing paperwork and respondent (filer) burden,
with respect to draft or final forms, please respond to the relevant information
collection through the Federal Register process; for more info, click here.

Form

6627

(Rev. January 2023)
Department of the Treasury
Internal Revenue Service
Name (as shown on Form 720)

Environmental Taxes
OMB No. 1545-0023

Attach to Form 720.
Go to www.irs.gov/Form6627 for instructions and the latest information.

Employer identification number (EIN)

Quarter ending
(a)
Barrels

(b)
Rate

(c)
Tax

DRAFT AS OF
December 6, 2022
DO NOT FILE

Part I

Tax on Petroleum

1 Crude oil received at a U.S. refinery . . . . . . . . . . . .
2 Crude oil taxed before receipt at refinery . . . . . . . . . .
3 Taxable crude oil. Subtract line 2 from line 1. Enter the result on both
lines 3(a) and 3(b), column (a). Enter in column (c) the amount of tax by
multiplying column (a) by column (b) for both lines.
(a)

(b)
4 Crude oil used in or exported from the U.S. before the tax was imposed.
Multiply column (a) by column (b) and enter the amount of tax in column
(c). Enter on both lines 4(a) and 4(b), column (a). Enter in column (c) the
amount of tax by multiplying column (a) by column (b) for both lines. (a)
(b)
5 Total domestic petroleum superfund tax (add lines 3(a) and 4(a), column
(c)). Enter here and on Form 720 on the line for IRS No. 53 . . . .
6 Total domestic petroleum oil spill tax. Add lines 3(b) and 4(b), column (c).
Enter the total here and on Form 720 on the line for IRS No. 18 . . .

$ .164 bbl $
$ .09 bbl $

$ .164 bbl $
$ .09 bbl $
$
$

7 Imported petroleum products superfund tax. Enter the number of barrels
imported in column (a). (Must agree with line 8, column (a).) Enter in
column (c) the amount of tax by multiplying column (a) by column (b), and
also enter it on Form 720 on the line for IRS No. 16 . . . . . . .

$ .164 bbl $

8 Imported petroleum products oil spill tax. Enter the number of barrels
imported in column (a). (Must agree with line 7, column (a).) Multiply
column (a) by column (b) and enter the amount of tax in column (c). Also
enter the amount on Form 720 on the line for IRS No. 21 . . . . .

$ .09 bbl $

Part II

Tax on Chemicals (Other Than Ozone-Depleting Chemicals (ODCs)), IRS No. 54

Chemical
(general formula
or symbol)

(a) Tons

(b) Rate

(c) Tax
(multiply column (a)
by column (b))

Chemical
(general formula
or symbol)

(a) Tons

(c) Tax
(multiply column (a)
by column (b))

(b) Rate

1
2
3
4

Acetylene (C2H2)
24 Lead oxide (PbO)
$9.74
$8.28
Ammonia (NH3) .
25 Mercury (Hg) . .
5.28
8.90
Antimony (Sb) .
26 Methane (CH4) .
8.90
6.88
27 Naphthalene (C10H8)
9.74
Antimony trioxide
(Sb2O3)
. . .
28 Nickel (Ni) . . .
8.90
7.50
29 Nitric acid (HNO3)
5 Arsenic (As) . .
0.48
8.90
30 Phosphorus (P) .
8.90
6 Arsenic trioxide
31 Potassium
(As2O3) . . . .
6.82
dichromate (K2Cr2O7)
7 Barium sulfide (BaS)
3.38
4.60
8 Benzene (C6H6) .
9.74
32 Potassium
hydroxide (KOH) .
9 Bromine (Br) . .
8.90
0.44
33 Propylene (C3H6) .
10 Butadiene (C4H6)
9.74
9.74
11 Butane (C4H10) .
9.74
34 Sodium dichromate
(NaCr2O7) . . .
12 Butylene (C4H8) .
9.74
3.74
13 Cadmium (Cd) .
8.90
35 Sodium hydroxide
(NaOH) . . . .
14 Chlorine (Cl) . .
5.40
0.56
15 Chromite (FeCr2O4)
3.04
36 Stannic chloride
(SnCl4) . . . .
16 Chromium (Cr) .
8.90
4.24
17 Cobalt (Co) . .
8.90
37 Stannous chloride
(SnCl2) . . . .
18 Cupric oxide (CuO)
7.18
5.70
19 Cupric sulfate (CuSO4)
38 Sulfuric acid (H2SO4)
3.74
0.52
20 Cuprous oxide (Cu2O)
39 Toluene (C7H8) .
7.94
9.74
21 Ethylene (C2H4) .
40 Xylene (C8H10) .
9.74
9.74
22 Hydrochloric acid (HCI)
41 Zinc chloride (ZnCl2)
0.58
4.44
23 Hydrogen fluoride (HF)
42 Zinc sulfate (ZnSO4)
8.46
3.80
43
Total Chemical Tax (add lines 1–42, column (c)). Enter here and on Form 720 on the line for IRS No. 54
$
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 720.

Cat. No. 43490I

Form 6627 (Rev. 1-2023)

Page 2

Form 6627 (Rev. 1-2023)

Part III

Tax on Imported Chemical Substances, IRS No. 17
(a) Imported chemical
substance

1
2
3
4

(b) Tons

(c) Taxable chemical
used in manufacture
of substance

(d) Conversion factor or
entry value

(f) Tax
(see instructions)

(e) Rate

DRAFT AS OF
December 6, 2022
DO NOT FILE
Total imported chemical substances tax. Add all amounts in column (f). Include amounts from any
additional sheets. Enter here and on Form 720 on the line for IRS No. 17 . . . . . . . . . .
$

Part IV

Tax on Ozone-Depleting Chemicals (ODCs), IRS No. 98

Elections. If you elect to report the tax on post-1989 ODCs at the time you sell or use a mixture containing such chemicals
instead of when you make the mixture, check this box (the 1990 election) . . . . . . . . . . . . . . . . . .
If you elect to report the tax on post-1990 ODCs at the time you sell or use a mixture containing such chemicals instead of when
you make the mixture, check this box (the 1991 election) . . . . . . . . . . . . . . . . . . . . . . .
(b) Number
of pounds

(a) ODC

1

(d) Tax
(multiply column (b)
by column (c))

(c) Tax per pound
(see Part IV instructions)

2
3
4

Total ozone-depleting chemicals tax. Add all amounts in column (d). Include amounts from any
additional sheets. Enter the total here and on Form 720 on the line for IRS No. 98 . . . . . . .
$

Part V

ODC Tax on Imported Products, IRS No. 19

Election. If you elect to report the tax on imported products at the time you import the products instead of when you sell or use
the products, check this box . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(a) Imported product and
the applicable ODC

(b) Number
of products

(c) ODC weight
of product

(d) Tax
per pound

(e) Entry value

(f) Tax
(see Part V instructions)

1
2
3
4

Total ODC tax on imported products. Add all amounts in column (f). Include amounts from any
additional sheets. Enter the total here and on Form 720 on the line for IRS No. 19 . . . . . . .
$

Part VI

Tax on Floor Stocks of ODCs, IRS No. 20
(a) ODC

(b) Number
of pounds

(d) Tax
(multiply column (b)
by column (c))

(c) Tax per pound
(see Part VI instructions)

1
2
3
4

Total floor stocks tax. Add all amounts in column (d). Include amounts from any additional sheets.
Enter the total here and on Form 720 on the line for IRS No. 20 . . . . . . . . . . . . .
$
Form 6627 (Rev. 1-2023)


File Typeapplication/pdf
File TitleForm 6627 (Rev. January 2023)
SubjectFillable
AuthorSE:W:CAR:MP
File Modified2022-12-06
File Created2022-09-13

© 2024 OMB.report | Privacy Policy