This notice sets forth interim
guidance pending the issuance of regulations relating to the tax
credit under § 45 of the Internal Revenue Code (Code) for refined
coal.
This notice sets forth
interim guidance pending the issuance of regulations relating to
the tax credit under § 45 of the Internal Revenue Code (Code) for
refined coal. This notice has to be issued very soon as taxpayers
must place the refined coal facility in service before January 1,
2010. Section 45(d)(8) requires that a refined coal facility must
be place in service before January 1, 2010 in order for the
taxpayer to be able to claim the production tax credit for refined
coal.
US Code:
26 USC
45 Name of Law: Electricity produced from certain renewable
resources, etc.
PL: Pub.L. 108 - 357 710 Name of Law:
American Jobs Creation Act of 2004
This notice sets forth interim
guidance pending the issuance of regulations relating to the tax
credit under § 45 of the Internal Revenue Code (Code) for refined
coal. Section 45(d)(8) requires that a refined coal facility must
be place in service before January 1, 2010 in order for the
taxpayer to be able to claim the production tax credit for refined
coal. These changes to the Code will result in an increase in the
number of estimated responses by 100 and a total burden increase of
1,500 hours.
$0
No
No
Uncollected
Uncollected
No
Uncollected
Philip Tiegerman 202 927-9524
philip.tiegerman@irscounsel.treas.gov
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.