Section 48(e) Low-Income
Communities Bonus Credit Program (TD 9979)
New
collection (Request for a new OMB Control Number)
No
Regular
08/15/2023
Requested
Previously Approved
36 Months From Approved
210,000
0
210,000
0
0
0
This document contains proposed rules
concerning the low-income communities bonus energy investment
credit program established pursuant to the Inflation Reduction Act
of 2022. Applicants investing in certain solar and wind
powered-electricity generation facilities may apply for an
allocation of environmental justice solar and wind capacity
limitation to increase the amount of an energy investment credit
for the taxable year in which the facility is placed in service.
This document describes proposed definitions and requirements
regarding the program that would be applicable for calendar year
2023, which also would inform guidance applicable for future
program years. The proposed rules would affect applicants seeking
allocations of environmental justice solar and wind capacity
limitation. Additional detailed guidance for the program applicable
for calendar year 2023, including a comprehensive set of issues and
procedures beyond the scope of this document, will be provided upon
finalizing the proposed rules.
This is a new collection due to
enactment of the section 13103 of the Inflation Reduction Act of
2022.
$0
No
No
No
No
No
No
No
Dillon Taylor 202 622-4940
dillon.j.taylor@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.