Credit for Renewable Electricity Production and Refined Coal Production, and Publication of Inflation Adjustment Factor and Reference Prices for Calendar Year 2017, 17740 [2017-07493]
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17740
Federal Register / Vol. 82, No. 69 / Wednesday, April 12, 2017 / Notices
of Foreign Assets Control, or Chief
Counsel (Foreign Assets Control), tel.:
202/622–2410, Office of the General
Counsel, Department of the Treasury.
SUPPLEMENTARY INFORMATION:
Electronic Availability
The SDN List and additional
information concerning OFAC sanctions
programs are available from OFAC’s
Web site (www.treas.gov/ofac).
Notice of OFAC Actions
On April 7, 2017, OFAC removed
from the SDN List the individual listed
below, whose property and interests in
property were blocked pursuant to the
Kingpin Act:
1. SALAZAR UMANA, Jose Adan (a.k.a.
‘‘CHEPE DIABLO’’), Metapan, Santa Ana, El
Salvador; DOB 16 Jun 1948; POB Metapan, El
Salvador; nationality El Salvador; citizen El
Salvador; National ID No. 02071606480022
(El Salvador) (individual) [SDNTK]
Dated: April 7, 2017.
Andrea Gacki,
Acting Director, Office of Foreign Assets
Control.
[FR Doc. 2017–07373 Filed 4–11–17; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Credit for Renewable Electricity
Production and Refined Coal
Production, and Publication of Inflation
Adjustment Factor and Reference
Prices for Calendar Year 2017
Internal Revenue Service (IRS),
Treasury.
ACTION: Publication of inflation
adjustment factor and reference prices
for calendar year 2017.
AGENCY:
The 2017 inflation adjustment
factor and reference prices are used in
determining the availability of the credit
for renewable electricity production and
refined coal production under section
45. For calendar year 2017, the credit
period for Indian coal production has
expired.
SUMMARY:
The 2017 inflation adjustment
factor and reference prices apply to
calendar year 2017 sales of kilowatt
hours of electricity produced in the
United States or a possession thereof
from qualified energy resources and to
2017 sales of refined coal produced in
the United States or a possession
thereof.
mstockstill on DSK30JT082PROD with NOTICES
DATES:
FOR FURTHER INFORMATION CONTACT:
Jennifer A. Records, CC:PSI:6, Internal
Revenue Service, 1111 Constitution
VerDate Sep<11>2014
18:45 Apr 11, 2017
Jkt 241001
Avenue NW., Washington, DC 20224,
(202) 317–6853 (not a toll-free number).
SUPPLEMENTARY INFORMATION: Inflation
adjustment factor and reference prices
for calendar year 2017 as required by
sections 45(e)(2)(A) (26 U.S.C.
45(e)(2)(A)) and 45(e)(8)(C) (26 U.S.C.
45(e)(8)(C)) of the Internal Revenue
Code.
Inflation Adjustment Factor: The
inflation adjustment factor for calendar
year 2017 for qualified energy resources
and refined coal is 1.5792.
Reference Prices: The reference price
for calendar year 2017 for facilities
producing electricity from wind is 4.55
cents per kilowatt hour. The reference
prices for fuel used as feedstock within
the meaning of section 45(c)(7)(A)
(relating to refined coal production) are
$31.90 per ton for calendar year 2002
and $51.09 per ton for calendar year
2017. The reference prices for facilities
producing electricity from closed-loop
biomass, open-loop biomass, geothermal
energy, small irrigation power,
municipal solid waste, qualified
hydropower production, and marine
and hydrokinetic renewable energy have
not been determined for calendar year
2017.
Phaseout Calculation: Because the
2017 reference price for electricity
produced from wind (4.55 cents per
kilowatt hour) does not exceed 8 cents
multiplied by the inflation adjustment
factor (1.5792), the phaseout of the
credit provided in section 45(b)(1) does
not apply to such electricity sold during
calendar year 2017. Because the 2017
reference price of fuel used as feedstock
for refined coal ($51.09) does not exceed
$85.64 (which is the $31.90 reference
price of such fuel in 2002 multiplied by
the inflation adjustment factor (1.5792)
and 1.7), the phaseout of the credit
provided in section 45(e)(8)(B) does not
apply to refined coal sold during
calendar year 2017. Further, for
electricity produced from closed-loop
biomass, open-loop biomass, geothermal
energy, small irrigation power,
municipal solid waste, qualified
hydropower production, and marine
and hydrokinetic renewable energy, the
phaseout of the credit provided in
section 45(b)(1) does not apply to such
electricity sold during calendar year
2017.
Credit Amount by Qualified Energy
Resource and Facility and Refined Coal:
As required by section 45(b)(2), the 1.5
cent amount in section 45(a)(1), and the
$4.375 amount in section 45(e)(8)(A) are
each adjusted by multiplying such
amount by the inflation adjustment
factor for the calendar year in which the
sale occurs. If any amount as increased
PO 00000
Frm 00116
Fmt 4703
Sfmt 4703
under the preceding sentence is not a
multiple of 0.1 cent, such amount is
rounded to the nearest multiple of 0.1
cent. In the case of electricity produced
in open-loop biomass facilities, small
irrigation power facilities, landfill gas
facilities, trash facilities, qualified
hydropower facilities, and marine and
hydrokinetic renewable energy
facilities, section 45(b)(4)(A) requires
the amount in effect under section
45(a)(1) (before rounding to the nearest
0.1 cent) to be reduced by one-half.
Under the calculation required by
section 45(b)(2), the credit for renewable
electricity production for calendar year
2017 under section 45(a) is 2.4 cents per
kilowatt hour on the sale of electricity
produced from the qualified energy
resources of wind, closed-loop biomass,
geothermal energy, and 1.2 cents per
kilowatt hour on the sale of electricity
produced in open-loop biomass
facilities, small irrigation power
facilities, landfill gas facilities, trash
facilities, qualified hydropower
facilities, and marine and hydrokinetic
renewable energy facilities. Under the
calculation required by section 45(b)(2),
the credit for refined coal production for
calendar year 2017 under section
45(e)(8)(A) is $6.909 per ton on the sale
of qualified refined coal.
Christopher T. Kelley,
Acting Deputy Associate Chief Counsel
(Passthroughs and Special Industries).
[FR Doc. 2017–07493 Filed 4–11–17; 8:45 am]
BILLING CODE 4830–01–P
VETERANS AFFAIRS DEPARTMENT
[OMB Control No. 2900–0222]
Agency Information Collection
Activity: Proposed Information
Collection, Claim for Standard
Government Headstone or Marker and
Claim for Government Medallion for
Placement in a Private Cemetery
National Cemetery
Administration (NCA), Department of
Veterans Affairs (VA).
ACTION: Notice.
AGENCY:
The National Cemetery
Administration (NCA), Department of
Veterans Affairs (VA), is announcing an
opportunity for public comment on the
proposed collection of certain
information by the agency. Under the
Paperwork Reduction Act (PRA) of
1995, Federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information, including each revised
collection, and to allow 60 days for
SUMMARY:
E:\FR\FM\12APN1.SGM
12APN1
]]>Agencies
[Federal Register Volume 82, Number 69 (Wednesday, April 12, 2017)]
[Notices]
[Page 17740]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-07493]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Credit for Renewable Electricity Production and Refined Coal
Production, and Publication of Inflation Adjustment Factor and
Reference Prices for Calendar Year 2017
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Publication of inflation adjustment factor and reference prices
for calendar year 2017.
-----------------------------------------------------------------------
SUMMARY: The 2017 inflation adjustment factor and reference prices are
used in determining the availability of the credit for renewable
electricity production and refined coal production under section 45.
For calendar year 2017, the credit period for Indian coal production
has expired.
DATES: The 2017 inflation adjustment factor and reference prices apply
to calendar year 2017 sales of kilowatt hours of electricity produced
in the United States or a possession thereof from qualified energy
resources and to 2017 sales of refined coal produced in the United
States or a possession thereof.
FOR FURTHER INFORMATION CONTACT: Jennifer A. Records, CC:PSI:6,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, (202) 317-6853 (not a toll-free number).
SUPPLEMENTARY INFORMATION: Inflation adjustment factor and reference
prices for calendar year 2017 as required by sections 45(e)(2)(A) (26
U.S.C. 45(e)(2)(A)) and 45(e)(8)(C) (26 U.S.C. 45(e)(8)(C)) of the
Internal Revenue Code.
Inflation Adjustment Factor: The inflation adjustment factor for
calendar year 2017 for qualified energy resources and refined coal is
1.5792.
Reference Prices: The reference price for calendar year 2017 for
facilities producing electricity from wind is 4.55 cents per kilowatt
hour. The reference prices for fuel used as feedstock within the
meaning of section 45(c)(7)(A) (relating to refined coal production)
are $31.90 per ton for calendar year 2002 and $51.09 per ton for
calendar year 2017. The reference prices for facilities producing
electricity from closed-loop biomass, open-loop biomass, geothermal
energy, small irrigation power, municipal solid waste, qualified
hydropower production, and marine and hydrokinetic renewable energy
have not been determined for calendar year 2017.
Phaseout Calculation: Because the 2017 reference price for
electricity produced from wind (4.55 cents per kilowatt hour) does not
exceed 8 cents multiplied by the inflation adjustment factor (1.5792),
the phaseout of the credit provided in section 45(b)(1) does not apply
to such electricity sold during calendar year 2017. Because the 2017
reference price of fuel used as feedstock for refined coal ($51.09)
does not exceed $85.64 (which is the $31.90 reference price of such
fuel in 2002 multiplied by the inflation adjustment factor (1.5792) and
1.7), the phaseout of the credit provided in section 45(e)(8)(B) does
not apply to refined coal sold during calendar year 2017. Further, for
electricity produced from closed-loop biomass, open-loop biomass,
geothermal energy, small irrigation power, municipal solid waste,
qualified hydropower production, and marine and hydrokinetic renewable
energy, the phaseout of the credit provided in section 45(b)(1) does
not apply to such electricity sold during calendar year 2017.
Credit Amount by Qualified Energy Resource and Facility and Refined
Coal: As required by section 45(b)(2), the 1.5 cent amount in section
45(a)(1), and the $4.375 amount in section 45(e)(8)(A) are each
adjusted by multiplying such amount by the inflation adjustment factor
for the calendar year in which the sale occurs. If any amount as
increased under the preceding sentence is not a multiple of 0.1 cent,
such amount is rounded to the nearest multiple of 0.1 cent. In the case
of electricity produced in open-loop biomass facilities, small
irrigation power facilities, landfill gas facilities, trash facilities,
qualified hydropower facilities, and marine and hydrokinetic renewable
energy facilities, section 45(b)(4)(A) requires the amount in effect
under section 45(a)(1) (before rounding to the nearest 0.1 cent) to be
reduced by one-half. Under the calculation required by section
45(b)(2), the credit for renewable electricity production for calendar
year 2017 under section 45(a) is 2.4 cents per kilowatt hour on the
sale of electricity produced from the qualified energy resources of
wind, closed-loop biomass, geothermal energy, and 1.2 cents per
kilowatt hour on the sale of electricity produced in open-loop biomass
facilities, small irrigation power facilities, landfill gas facilities,
trash facilities, qualified hydropower facilities, and marine and
hydrokinetic renewable energy facilities. Under the calculation
required by section 45(b)(2), the credit for refined coal production
for calendar year 2017 under section 45(e)(8)(A) is $6.909 per ton on
the sale of qualified refined coal.
Christopher T. Kelley,
Acting Deputy Associate Chief Counsel (Passthroughs and Special
Industries).
[FR Doc. 2017-07493 Filed 4-11-17; 8:45 am]
BILLING CODE 4830-01-P
