Publication of Inflation Adjustment Factor, Nonconventional Source Fuel Credit, and Reference Price for Calendar Year 2005, 18410 [E6-5232]

Download as PDF 18410 Federal Register / Vol. 71, No. 69 / Tuesday, April 11, 2006 / Notices facilities and resource and referral services. The credit is 25% of the qualified childcare expenditures plus 10% of the qualified childcare resource and referral expenditures for the tax year, up to a maximum credit of $150,000 per tax year. Respondents: Individuals or households; Business or other for-profit. Estimated Total Burden Hours: 5,486,662 hours. OMB Number: 1545–1985. Type of Review: Extension. Title: Interview and Intake Sheet. Form: IRS Form 13614 SP. Description: This Spanish version of Form 13614 is used by screeners, preparers, or others involved in the return preparation process to more accurately complete tax returns of Spanish speaking taxpayers having low to moderate incomes. These persons need assistance having their returns prepared so they can fully comply with the law. Respondents: Individuals or households; Business or other for-profit; Not-for-profit institutions; Federal Government. Estimated Total Burden Hours: 17,108 hours. Clearance Officer: Glenn P. Kirkland, (202) 622–3428. Internal Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. OMB Reviewer: Alexander T. Hunt, (202) 395–7316. Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503. Michael A. Robinson, Treasury PRA Clearance Officer. [FR Doc. E6–5230 Filed 4–10–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Renewal of Charter for the Electronic Tax Administration Advisory Committee (ETAAC) AGENCY: Internal Revenue Service (IRS), DOT. wwhite on PROD1PC61 with NOTICES ACTION: Notice. SUMMARY: The charter for the Electronic Tax Administration Advisory Committee (ETAAC) was renewed on March 22, 2006, for an additional twoyear period in accordance with the Federal Advisory Committee Act, as amended, (5 U.S.C., App.). The renewal charter was filed on March 22, 2006, with the Committee on Finance of the United States Senate, the Committee on Ways and Means of the U.S. House of VerDate Aug<31>2005 19:37 Apr 10, 2006 Jkt 208001 Representatives, and the Library of Congress. You may request a copy of the charter by contacting Kim Logan at etaac@irs.gov, by telephone at (202) 283–1947; or by FAX at (202) 283–4829. DEPARTMENT OF THE TREASURY Internal Revenue Service ADDRESESS: Kim Logan, (202) 283–1947 (not a toll-free number) or send an e-mail to etaac@irs.gov. FOR FURTHER INFORMATION CONTACT: This notice is published in accordance with the provisions of the Federal Advisory Committee Act, as amended, (5 U.S.C., App.) advices of the renewal of the Electronic Tax Administration Advisory Committee (ETAAC). The primary purpose of ETAAC is to provide an organized public forum for discussion of electronic tax administration issues in support of the overriding goal that paperless filing should be the preferred and most convenient method of filing tax and information returns. The ETAAC members convey the public’s observations about current or proposed policies, programs, and procedures, and suggest improvements. The ETAAC also provides an annual report to Congress on IRS progress in meeting the Restructuring and Reform Act of 1998 goals for electronic filing of tax returns. This activity is based on the authority to administer the Internal Revenue laws conferred upon the Secretary of the Treasury by section 7802 of the Internal Revenue Code and delegated to the Commissioner of the Internal Revenue. ETAAC membership is balanced and includes representatives from various groups such as: (1) Tax practitioners and preparers, (2) transmitters of electronic returns, (3) tax software developers, (4) large and small businesses, (5) employers and payroll service providers, (6) individual taxpayers, (7) financial industry (payers, payment options and best practices), (8) system integrators (technology providers), (9) academic (marketing, sales or technical perspectives), (10) trusts and estates, (11) tax exempt organizations, and (12) state and local governments. SUPPLEMENTARY INFORMATION: Dated: April 3, 2006. Kim McDonald, Acting Director, Strategic Services Division. [FR Doc. E6–5234 Filed 4–10–06; 8:45 am] Internal Revenue Service (IRS), Treasury. AGENCY: ACTION: Notice. SUMMARY: Publication of the inflation adjustment factor, nonconventional source fuel credit, and reference price for calendar year 2005 as required by section 29 of the Internal Revenue Code (26 U.S.C. 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 2005. The 2005 inflation adjustment factor, nonconventional source fuel credit, and reference price apply to qualified fuels sold during calendar year 2005. Inflation Adjustment Factor: The inflation adjustment factor for calendar year 2005 is 2.2640. Credit: The nonconventional source fuel credit for calendar year 2005 is $6.79 per barrel-of-oil equivalent of qualified fuels. Reference Price: The reference price for calendar year 2005 is $50.26. Because this reference price does not exceed $23.50 multiplied by the inflation adjustment factor, the phaseout of the credit provided for in section 29(b)(1) does not occur for any qualified fuels sold during calendar year 2005. DATES: 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) 874–0531 (not a toll-free number). For all other questions about the credit or the reference price—Jaime C. Park, CC:PSI:7, Internal Revenue Service 1111 Constitution Avenue, NW., Washington, DC 20224; Telephone Number (202) 622–3120 (not a toll-free number). FOR FURTHER INFORMATION CONTACT: Dated: April 4, 2006. Heather C. Maloy, Associate Chief Counsel (Passthroughs and Special Industries). [FR Doc. E6–5232 Filed 4–10–06; 8:45 am] BILLING CODE 4830–01–P PO 00000 Publication of Inflation Adjustment Factor, Nonconventional Source Fuel Credit, and Reference Price for Calendar Year 2005 BILLING CODE 4830–01–P Frm 00143 Fmt 4703 Sfmt 4703 E:\FR\FM\11APN1.SGM 11APN1

Agencies

[Federal Register Volume 71, Number 69 (Tuesday, April 11, 2006)]
[Notices]
[Page 18410]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-5232]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Publication of Inflation Adjustment Factor, Nonconventional 
Source Fuel Credit, and Reference Price for Calendar Year 2005

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice.

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SUMMARY: Publication of the inflation adjustment factor, 
nonconventional source fuel credit, and reference price for calendar 
year 2005 as required by section 29 of the Internal Revenue Code (26 
U.S.C. 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 2005.

DATES: The 2005 inflation adjustment factor, nonconventional source 
fuel credit, and reference price apply to qualified fuels sold during 
calendar year 2005.
    Inflation Adjustment Factor: The inflation adjustment factor for 
calendar year 2005 is 2.2640.
    Credit: The nonconventional source fuel credit for calendar year 
2005 is $6.79 per barrel-of-oil equivalent of qualified fuels.
    Reference Price: The reference price for calendar year 2005 is 
$50.26. Because this reference price does not exceed $23.50 multiplied 
by the inflation adjustment factor, the phaseout of the credit provided 
for in section 29(b)(1) does not occur for any qualified fuels sold 
during calendar year 2005.

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) 874-0531 (not a toll-free number).
    For all other questions about the credit or the reference price--
Jaime C. Park, CC:PSI:7, Internal Revenue Service 1111 Constitution 
Avenue, NW., Washington, DC 20224; Telephone Number (202) 622-3120 (not 
a toll-free number).

    Dated: April 4, 2006.
Heather C. Maloy,
Associate Chief Counsel (Passthroughs and Special Industries).
[FR Doc. E6-5232 Filed 4-10-06; 8:45 am]
BILLING CODE 4830-01-P

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