Credit for Renewable Electricity Production, Refined Coal Production, and Indian Coal Production, and Publication of Inflation Adjustment Factors and Reference Prices for Calendar Year 2013, 20176-20177 [2013-07773]

Download as PDF 20176 Federal Register / Vol. 78, No. 64 / Wednesday, April 3, 2013 / Notices Currently, the IRS is seeking comments concerning the following information collection tools, reporting, and record-keeping requirements: (1) Title: IRS e-file Signature Authorization for Form 1065. OMB Number: 1545–2042. Form Number: 8879–PE. Abstract: Form 8879–PE is used by an electronic return originator (ERO) and a general partner or limited liability company member when the general partner or limited liability company member wants to use a personal identification number (PIN) to electronically sign a partnership’s electronic income tax return. Current Actions: There are no changes to the previously approved burden of this existing collection. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 500. Estimated Time per Respondent: 4 hours, 3 minutes. Estimated Annual Burden Hours for Respondents: 2,025. (2) Title: Reliance Criteria for Private Foundations and Sponsoring Organizations. OMB Number: 1545–2050. Form Number: Notice 2006–107 (superseded in part by RP 2009– 32[superseded by RP2011–32]). Abstract: Revenue Procedure 2009–32 provides reliance criteria for private foundations and sponsoring organizations that maintain donor advised funds in determining whether a potential grantee is an organization described in section 509(a)(1), (2) or (3) of the Internal Revenue Code (Code). Current Actions: There are no changes being made to the revenue procedure at this time. Type of Review: Extension of a currently approved collection. Affected Public: Not-for-profit institutions. Estimated Number of Respondents: 65,000. Estimated Time Per Respondent: 9 hours, 25 minutes. Estimated Total Annual Reporting Burden hours: 612,294. (3) Title: HCTC Family Member Eligibility Form. OMB Number: 1545–2163. Form Number: 14116. Abstract: This form will be used by the family members of HCTC eligible individuals under circumstances where the original candidate has died or become divorced from the family member. This form allows family mstockstill on DSK4VPTVN1PROD with NOTICES SUPPLEMENTARY INFORMATION: VerDate Mar<15>2010 17:13 Apr 02, 2013 Jkt 229001 member to begin the HCTC registration process by verifying the family member’s eligibility. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 180. Estimated Time Per Respondent: 10 minutes. Estimated Total Annual Burden Hours: 30. (4) Title: VITA/TCE Volunteer Program. OMB Number: 1545–2222. Form Number: Various forms. Abstract: The Internal Revenue Service offers free assistance with tax return preparation and tax counseling using specially trained volunteers. The Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs assist seniors and individuals with low to moderate incomes, those with disabilities, and those for whom English is a second language. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Individuals and Households. Estimated Number of Respondents: 47,130. Estimated Average Time Per Respondent: 21 minutes. Estimate Total Annual Burden Hours: 16,097. (5) Title: PS–66–93, Gasohol; Compressed Natural Gas; and PS–120– 90, Gasoline Excise Tax. OMB Number: 1545–1270. Form Number: N/A. Abstract: PS–66–93: This regulation relates to gasohol blending and the tax on compressed natural gas (CNG). The sections relating to gasohol blending affect certain blenders, enterers, refiners, and throughputters. The sections relating to CMG affect persons that sell or buy CNG for use as a fuel in a motor vehicle or motorboat. PS– 120–90: This regulation relates to the federal excise tax on gasoline. It affects refiners, importers, and distributors of gasoline and provides guidance relating to taxable transactions, persons liable for tax, gasoline blendstocks, and gasohol. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. PO 00000 Frm 00090 Fmt 4703 Sfmt 4703 Affected Public: Business or other forprofit organizations, Not-for-profit institutions, Farms and State, Local or Tribal Governments. Estimated Number of Respondents: 3,410. Estimated Time Per Respondent: 7 minutes. Estimated Total Annual Burden Hours: 366. 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. Approved: March 27, 2013. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. 2013–07672 Filed 4–2–13; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Credit for Renewable Electricity Production, Refined Coal Production, and Indian Coal Production, and Publication of Inflation Adjustment Factors and Reference Prices for Calendar Year 2013 Internal Revenue Service (IRS), Treasury. AGENCY: E:\FR\FM\03APN1.SGM 03APN1 Federal Register / Vol. 78, No. 64 / Wednesday, April 3, 2013 / Notices Publication of inflation adjustment factors and reference prices for calendar year 2013 as required by section 45(e)(2)(A) of the Internal Revenue Code (26 U.S.C. 45(e)(2)(A)), section 45(e)(8)(C) (26 U.S.C. 45(e)(8)(C)), and section 45(e)(10)(C) (26 U.S.C. 45(e)(10)(C)). ACTION: The 2013 inflation adjustment factors and reference prices are used in determining the availability of the credit for renewable electricity production, refined coal production, and Indian coal production under section 45. DATES: The 2013 inflation adjustment factors and reference prices apply to calendar year 2013 sales of kilowatt hours of electricity produced in the United States or a possession thereof from qualified energy resources, and to 2013 sales of refined coal and Indian coal produced in the United States or a possession thereof. Inflation Adjustment Factors: The inflation adjustment factor for calendar year 2013 for qualified energy resources and refined coal is 1.5063. The inflation adjustment factor for Indian coal is 1.1538. Reference Prices: The reference price for calendar year 2013 for facilities producing electricity from wind is 4.53 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 $58.23 per ton for calendar year 2013. The reference prices for facilities producing electricity from closed-loop biomass, open-loop biomass, geothermal energy, solar energy, small irrigation power, municipal solid waste, qualified hydropower production, and marine mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:13 Apr 02, 2013 Jkt 229001 and hydrokinetic renewable energy have not been determined for calendar year 2013. Because the 2013 reference price for electricity produced from wind does not exceed 8 cents multiplied by the inflation adjustment factor, the phaseout of the credit provided in section 45(b)(1) does not apply to such electricity sold during calendar year 2013. Because the 2013 reference price of fuel used as feedstock for refined coal ($58.23) does not exceed the $31.90 reference price of such fuel in 2002 multiplied by the inflation adjustment factor and 1.7, the phaseout of credit provided in section 45(e)(8)(B) does not apply to refined coal sold during calendar year 2013. Further, for electricity produced from closed-loop biomass, open-loop biomass, geothermal energy, solar energy, small irrigation power, municipal solid waste, qualified hydropower production, and marine and hydrokinetic renewable energy, the phaseout of credit provided in section 45(b)(1) does not apply to such electricity sold during calendar year 2013. Credit Amount by Qualified Energy Resource and Facility, Refined Coal, and Indian Coal: As required by section 45(b)(2), the 1.5-cent amount in section 45(a)(1), the 8-cent amount in section 45(b)(1), the $4.375 amount in section 45(e)(8)(A), and the $2.00 amount in section 45(e)(8)(D) 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 PO 00000 Frm 00091 Fmt 4703 Sfmt 9990 20177 biomass facilities, small irrigation power facilities, landfill gas facilities, trash combustion 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 2013 under section 45(a) is 2.3 cents per kilowatt hour on the sale of electricity produced from the qualified energy resources of wind, closed-loop biomass, geothermal energy, and solar energy, and 1.1 cents per kilowatt hour on the sale of electricity produced in open-loop biomass facilities, small irrigation power facilities, landfill gas facilities, trash combustion 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 2013 under section 45(e)(8)(A) is $6.590 per ton on the sale of qualified refined coal. The credit for Indian coal production for calendar year 2013 under section 45(e)(10)(B) is $2.308 per ton on the sale of Indian coal. FOR FURTHER INFORMATION CONTACT: Martha Garcia, CC:PSI:6, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224, (202) 622–3110 (not a toll-free number). Cornelia Schnyder, Special Counsel to the Associate Chief Counsel (Passthroughs and Special Industries). [FR Doc. 2013–07773 Filed 4–1–13; 11:15 am] BILLING CODE 4830–01–P E:\FR\FM\03APN1.SGM 03APN1

Agencies

[Federal Register Volume 78, Number 64 (Wednesday, April 3, 2013)]
[Notices]
[Pages 20176-20177]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-07773]


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

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Credit for Renewable Electricity Production, Refined Coal 
Production, and Indian Coal Production, and Publication of Inflation 
Adjustment Factors and Reference Prices for Calendar Year 2013

AGENCY: Internal Revenue Service (IRS), Treasury.

[[Page 20177]]


ACTION: Publication of inflation adjustment factors and reference 
prices for calendar year 2013 as required by section 45(e)(2)(A) of the 
Internal Revenue Code (26 U.S.C. 45(e)(2)(A)), section 45(e)(8)(C) (26 
U.S.C. 45(e)(8)(C)), and section 45(e)(10)(C) (26 U.S.C. 45(e)(10)(C)).

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

SUMMARY: The 2013 inflation adjustment factors and reference prices are 
used in determining the availability of the credit for renewable 
electricity production, refined coal production, and Indian coal 
production under section 45.

DATES: The 2013 inflation adjustment factors and reference prices apply 
to calendar year 2013 sales of kilowatt hours of electricity produced 
in the United States or a possession thereof from qualified energy 
resources, and to 2013 sales of refined coal and Indian coal produced 
in the United States or a possession thereof.
    Inflation Adjustment Factors: The inflation adjustment factor for 
calendar year 2013 for qualified energy resources and refined coal is 
1.5063. The inflation adjustment factor for Indian coal is 1.1538.
    Reference Prices: The reference price for calendar year 2013 for 
facilities producing electricity from wind is 4.53 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 $58.23 per ton for 
calendar year 2013. The reference prices for facilities producing 
electricity from closed-loop biomass, open-loop biomass, geothermal 
energy, solar energy, small irrigation power, municipal solid waste, 
qualified hydropower production, and marine and hydrokinetic renewable 
energy have not been determined for calendar year 2013.
    Because the 2013 reference price for electricity produced from wind 
does not exceed 8 cents multiplied by the inflation adjustment factor, 
the phaseout of the credit provided in section 45(b)(1) does not apply 
to such electricity sold during calendar year 2013. Because the 2013 
reference price of fuel used as feedstock for refined coal ($58.23) 
does not exceed the $31.90 reference price of such fuel in 2002 
multiplied by the inflation adjustment factor and 1.7, the phaseout of 
credit provided in section 45(e)(8)(B) does not apply to refined coal 
sold during calendar year 2013. Further, for electricity produced from 
closed-loop biomass, open-loop biomass, geothermal energy, solar 
energy, small irrigation power, municipal solid waste, qualified 
hydropower production, and marine and hydrokinetic renewable energy, 
the phaseout of credit provided in section 45(b)(1) does not apply to 
such electricity sold during calendar year 2013.
    Credit Amount by Qualified Energy Resource and Facility, Refined 
Coal, and Indian Coal: As required by section 45(b)(2), the 1.5-cent 
amount in section 45(a)(1), the 8-cent amount in section 45(b)(1), the 
$4.375 amount in section 45(e)(8)(A), and the $2.00 amount in section 
45(e)(8)(D) 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 combustion 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 2013 under section 
45(a) is 2.3 cents per kilowatt hour on the sale of electricity 
produced from the qualified energy resources of wind, closed-loop 
biomass, geothermal energy, and solar energy, and 1.1 cents per 
kilowatt hour on the sale of electricity produced in open-loop biomass 
facilities, small irrigation power facilities, landfill gas facilities, 
trash combustion 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 2013 under section 45(e)(8)(A) is $6.590 
per ton on the sale of qualified refined coal. The credit for Indian 
coal production for calendar year 2013 under section 45(e)(10)(B) is 
$2.308 per ton on the sale of Indian coal.

FOR FURTHER INFORMATION CONTACT: Martha Garcia, CC:PSI:6, Internal 
Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224, 
(202) 622-3110 (not a toll-free number).

Cornelia Schnyder,
Special Counsel to the Associate Chief Counsel (Passthroughs and 
Special Industries).
[FR Doc. 2013-07773 Filed 4-1-13; 11:15 am]
BILLING CODE 4830-01-P