Publication of Inflation Adjustment Factor, Nonconventional Source Fuel Credit, and Reference Price for Calendar Year 2004, 17513 [05-6838]

Download as PDF Federal Register / Vol. 70, No. 65 / Wednesday, April 6, 2005 / Notices Act of 1997 and amended by sections 5001 and 6005(d) of the Internal Revenue Service Restructuring and Return Act of 1998, and explain the rules relating to the division of the holding period of a partnership interest. The regulations affect partnerships, partners, S corporations, S corporation shareholders, trusts, and trusts beneficiaries. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations, and individual or households. The burden estimates for requirement is reflected in the burden estimates for: Form 1040, U.S. Individual Income Tax Return; Form 1065, U.S. Partnership Return of Income; Form 1041, U.S. Income Tax Return for Estates and Trusts; and Form 1120S, U.S. Income Tax Return for an S Corporation. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. VerDate jul<14>2003 18:17 Apr 05, 2005 Jkt 205001 Approved: March 29, 2005. Glenn Kirkland, IRS Reports Clearance Officer. [FR Doc. 05–6839 Filed 4–5–05; 8:45 am] 17513 Avenue, NW., Washington, DC 20224, Telephone Number (202) 622–3120 (not a toll-free number). DEPARTMENT OF THE TREASURY Dated: March 31, 2005. Heather C. Maloy, Associate Chief Counsel (Passthroughs and Special Industries). [FR Doc. 05–6838 Filed 4–5–05; 8:45 am] Internal Revenue Service BILLING CODE 4830–01–P Publication of Inflation Adjustment Factor, Nonconventional Source Fuel Credit, and Reference Price for Calendar Year 2004 DEPARTMENT OF VETERANS AFFAIRS AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice. Advisory Committee on CARES Business Plan Studies; Notice of Meeting SUMMARY: Publication of the inflation adjustment factor, nonconventional source fuel credit, and reference price for calendar year 2004 as required by section 29 of the Internal Revenue Code (26 U.S.C. section 29). The inflation adjustment factor, nonconventional source fuel credit, and reference price are used in determining the tax credit allowable on the sale of fuel from nonconventional sources under section 29 during calendar year 2004. DATES: The 2004 inflation adjustment factor, nonconventional source fuel credit, and reference price apply to qualified fuels sold during calendar year 2004. Inflation Adjustment Factor: The inflation adjustment factor for calendar year 2004 is 2.1853. Credit: The nonconventional source fuel credit for calendar year 2004 is $6.56 per barrel-of-oil equivalent of qualified fuels. Reference Price: The reference price for calendar year 2004 is $36.75. Because this reference price does not exceed $23.50 multiplied by the inflation adjustment factor, the phaseout of credit provided for in section 29(b)(1) does not occur for any qualified fuels sold during calendar year 2004. FOR FURTHER INFORMATION CONTACT: For questions about how the inflation adjustment factor is calculated—WuLang Lee, RAS:R:TSBR, Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC 20224, Telephone Number (202) 874–0585 (not a toll-free number). For all other questions about the credit or the reference price—Kelly Morrison-Lee, CC:PSI:7, Internal Revenue Service, 1111 Constitution The Department of Veterans Affairs (VA) gives notice under the Public law 92–463 (Federal Advisory Committee Act) that the Advisory Committee on CARES Business Plan Studies will meet on April 20, 2005, at the Canadaigua VA Medical Center, Building 5, Auditorium, 400 Hill Avenue, Canadaigua, NY 144224. The meeting will begin at 10:30 a.m. and is open to the public. The purpose of the Committee is to provide advice to the Secretary of Veterans Affairs on proposed business plans at those VA facility sites identified in May 2004 as requiring further study by the Capital Asset Realignment for Enhanced Services (CARES) Decision document. The agenda will include presentations on objectives of the CARES project and the project’s timeframes. Additional presentations will focus on the VAselected contractor’s methodology and tools to develop business plan options, as well as the methodology for gathering and evaluating stakeholder input. The agenda will also accommodate public commentary on site-specific issues. Interested persons may attend and present oral or written statements to the Committee. For additional information regarding the meeting, please contact Mr. Jay Halpern, Designated Federal Officer, (00CARES), 810 Vermont Avenue, NW., Washington, DC 20024 by phone at (202) 273–5994, or by e-mail at jay.halpern@hq.med.va.gov. BILLING CODE 4830–01–P PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 Dated: March 30, 2005. By Direction of the Secretary. E. Philip Riggin, Committee Management Officer. [FR Doc. 05–6755 Filed 4–5–05; 8:45 am] BILLING CODE 8320–01–M E:\FR\FM\06APN1.SGM 06APN1

Agencies

[Federal Register Volume 70, Number 65 (Wednesday, April 6, 2005)]
[Notices]
[Page 17513]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-6838]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Publication of Inflation Adjustment Factor, Nonconventional 
Source Fuel Credit, and Reference Price for Calendar Year 2004

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: Publication of the inflation adjustment factor, 
nonconventional source fuel credit, and reference price for calendar 
year 2004 as required by section 29 of the Internal Revenue Code (26 
U.S.C. section 29). The inflation adjustment factor, nonconventional 
source fuel credit, and reference price are used in determining the tax 
credit allowable on the sale of fuel from nonconventional sources under 
section 29 during calendar year 2004.

DATES: The 2004 inflation adjustment factor, nonconventional source 
fuel credit, and reference price apply to qualified fuels sold during 
calendar year 2004.
    Inflation Adjustment Factor: The inflation adjustment factor for 
calendar year 2004 is 2.1853.
    Credit: The nonconventional source fuel credit for calendar year 
2004 is $6.56 per barrel-of-oil equivalent of qualified fuels.
    Reference Price: The reference price for calendar year 2004 is 
$36.75. Because this reference price does not exceed $23.50 multiplied 
by the inflation adjustment factor, the phaseout of credit provided for 
in section 29(b)(1) does not occur for any qualified fuels sold during 
calendar year 2004.

FOR FURTHER INFORMATION CONTACT:
    For questions about how the inflation adjustment factor is 
calculated--Wu-Lang Lee, RAS:R:TSBR, Internal Revenue Service, 1111 
Constitution Avenue, NW., Washington, DC 20224, Telephone Number (202) 
874-0585 (not a toll-free number).
    For all other questions about the credit or the reference price--
Kelly Morrison-Lee, CC:PSI:7, Internal Revenue Service, 1111 
Constitution Avenue, NW., Washington, DC 20224, Telephone Number (202) 
622-3120 (not a toll-free number).

    Dated: March 31, 2005.
Heather C. Maloy,
Associate Chief Counsel (Passthroughs and Special Industries).
[FR Doc. 05-6838 Filed 4-5-05; 8:45 am]
BILLING CODE 4830-01-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.