Tax Analysts provides news, analysis, and commentary on tax-related topics, including environmental taxes, which are sometimes referred to as green taxes or pollution taxes. Environmental taxes are generally excise taxes on pollutants or on goods that produce pollutants when used.

Environmental taxes include the tax on petroleum under sections 4611 and 4612, the tax on some chemicals under sections 4661 and 4662, the tax on some imported substances under sections 4671 and 4672, and the tax on ozone-depleting chemicals under sections 4681 and 4682. Another example of an environmental tax is a proposed carbon tax that would impose an excise levy on the carbon-based content of fossil fuels as a means of reducing greenhouse gas emissions that contribute to global warming.

A floor stocks tax is imposed on any ozone-depleting chemical held (other than by the manufacturer or importer of the ozone-depleting chemical) on January 1 for sale or use in further manufacturing. The person holding title (as determined under local law) to the ozone-depleting chemical is liable for the tax, whether or not delivery has been made.

Environmental taxes are reported on Form 6627, “Environmental Taxes.”