Credit for Renewable Electricity Production, Refined Coal Production, and Indian Coal Production, and Publication of Inflation Adjustment Factors and Reference Prices for Calendar Year 2014, 21514-21515 [2014-08582]

Download as PDF 21514 Federal Register / Vol. 79, No. 73 / Wednesday, April 16, 2014 / Notices June and November sessions of WP.29) subject to the agreement of WP.29. pmangrum on DSK3VPTVN1PROD with NOTICES D. Compendium of Candidate GTRs Article 5 of the 1998 Global Agreement provides for the creation of a compendium of candidate technical regulations submitted by the Contracting Parties. To date, NHTSA has submitted several FMVSSs for inclusion in this Compendium. These FMVSSs have all been listed in the Compendium after an affirmative vote of the Executive Committee of the 1998 Global Agreement. The FMVSS currently listed in the Compendium include: • FMVSS No. 108: Lamps, Reflective Devices, and Associated Equipment • FMVSS No. 135: Passenger Car Brake Systems • FMVSS No. 139: New Pneumatic Radial Tires for Light Vehicles • FMVSS No. 202a: Head Restraints • FMVSS No. 205: Glazing Materials • FMVSS No. 213: Child Restraint Systems • EPA and DOT programs for Light-duty Vehicle Greenhouse Gas Emissions Standards and Fuel Efficiency Standards for Medium and HeavyDuty Engines and Vehicles • EPA and NHTSA Programs for Greenhouse Gas Emissions Standards and Fuel Efficiency Standards for Medium and Heavy-Duty Engines and Vehicles • EPA and NHTSA Programs for Revisions and Additions to the Motor Vehicle Fuel Economy Label: New Fuel Economy and Environment Labels for a New Generation of Vehicles No additional candidate technical regulations have been added as of the publication of this notice. IV. Request for Comments NHTSA invites public comments on the various activities outlined in this notice. As discussed in Appendix C of 49 CFR part 553, if NHTSA votes ‘‘yes’’ on a GTR, the agency will publish a notice requesting public comment on adopting the regulation as a U.S. standard. Any decision by NHTSA whether to issue a final rule adopting the regulation or to issue a notice terminating consideration of that regulation will be made in accordance with applicable U.S. law and only after careful consideration and analysis of public comments. In the event that NHTSA issues a final rule based on a GTR and, due to the public comments and/or new information and data, the final rule significantly differs from the GTR, NHTSA will consider seeking amendments to the GTR in an effort to VerDate Mar<15>2010 15:20 Apr 15, 2014 Jkt 232001 achieve consistency. The agency plans to issue individual notices based on each GTR as it is established by WP.29 and will consider additional detailed comments at that time. Claude H. Harris, Acting Associate Administrator for Rulemaking. [FR Doc. 2014–08532 Filed 4–15–14; 8:45 am] BILLING CODE 4910–59–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 2014 Internal Revenue Service (IRS), Treasury. ACTION: Publication of inflation adjustment factors and reference prices for calendar year 2014 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)). AGENCY: The 2014 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 2014 inflation adjustment factors and reference prices apply to calendar year 2014 sales of kilowatt hours of electricity produced in the United States or a possession thereof from qualified energy resources, and to 2014 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 2014 for qualified energy resources and refined coal is 1.5088. The inflation adjustment factor for Indian coal is 1.1587. Reference Prices: The reference price for calendar year 2014 for facilities producing electricity from wind is 4.85 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 $56.88 per ton for calendar year 2014. The reference prices for facilities producing electricity from closed-loop biomass, open-loop biomass, geothermal energy, solar energy, small irrigation SUMMARY: PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 power, municipal solid waste, qualified hydropower production, and marine and hydrokinetic renewable energy have not been determined for calendar year 2014. Because the 2014 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 2014. Because the 2014 reference price of fuel used as feedstock for refined coal ($56.88) does not exceed $81.82 (which is the $31.90 reference price of such fuel in 2002 multiplied by the inflation adjustment factor (1.5088) and 1.7), the phaseout of credit provided in section 45(e)(8)(B) does not apply to refined coal sold during calendar year 2014. 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 2014. 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), the $2.00 amount in section 45(e)(8)(D), and the $2.00 amount in section 45(e)(8)(10)(B) 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 2014 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, E:\FR\FM\16APN1.SGM 16APN1 Federal Register / Vol. 79, No. 73 / Wednesday, April 16, 2014 / Notices 21515 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 2014 under section 45(e)(8)(A) is $6.601 per ton on the sale of qualified refined coal. The credit for Indian coal production for calendar year 2014 under section 45(e)(10)(B) is $2.317 per ton on the sale of Indian coal. FOR FURTHER INFORMATION CONTACT: Philip Tiegerman, CC:PSI:6, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224, (202) 317–6853 (not a toll-free number). 1973 North Rulon White Blvd., Ogden, UT 84404–5402 or contact us at the Web site: https://www.improveirs.org. The agenda will include a discussion on various letters, and other issues related to written communications from the IRS. DEPARTMENT OF THE TREASURY Dated: April 9, 2014. Otis Simpson, Acting Director, Taxpayer Advocacy Panel. AGENCY: Cornelia Schnyder, Special Counsel to the Associate Chief, Counsel (Passthroughs and Special Industries). Open Meeting of the Taxpayer Advocacy Panel Toll-Free Phone Line Project Committee [FR Doc. 2014–08582 Filed 4–15–14; 8:45 am] AGENCY: [FR Doc. 2014–08581 Filed 4–15–14; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service BILLING CODE 4830–01–P Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. DEPARTMENT OF THE TREASURY SUMMARY: Internal Revenue Service Open Meeting of the Taxpayer Advocacy Panel Notices and Correspondence Project Committee Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. AGENCY: An open meeting of the Taxpayer Advocacy Panel Notices and Correspondence Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. DATES: The meeting will be held Wednesday, May 21, 2014. FOR FURTHER INFORMATION CONTACT: Trena Derricott at 1–888–912–1227 or 801–620–3035. SUPPLEMENTARY INFORMATION: Notice is hereby given pursuant to Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that a meeting of the Taxpayer Advocacy Panel Notices and Correspondence Project Committee will be held Wednesday, May 21, 2014, at 12 p.m. Eastern Time via teleconference. The public is invited to make oral comments or submit written statements for consideration. Due to limited conference lines, notification of intent to participate must be made with Ms. Derricott. For more information please contact Ms. Derricott at 1–888–912– 1227 or 801–620–3035, or write TAP Office, Arka Monterey Park Building, pmangrum on DSK3VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 15:20 Apr 15, 2014 Jkt 232001 An open meeting of the Taxpayer Advocacy Panel Toll-Free Phone Line Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. DATES: The meeting will be held Wednesday, May 21, 2014. FOR FURTHER INFORMATION CONTACT: Linda Rivera at 1–888–912–1227 or (202) 317–3337. SUPPLEMENTARY INFORMATION: Notice is hereby given pursuant to Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Toll-Free Phone Line Project Committee will be held Wednesday, May 21, 2014 at 2:30 p.m. Eastern Time via teleconference. The public is invited to make oral comments or submit written statements for consideration. Due to limited conference lines, notification of intent to participate must be made with Linda Rivera. For more information please contact: Ms. Rivera at 1–888–912–1227 or (202) 317–3337, or write TAP Office, 1111 Constitution Avenue NW., Room 1509—National Office, Washington, DC 20224, or contact us at the Web site: https://www.improveirs.org. The committee will be discussing Toll-free issues and public input is welcomed. Dated: April 9, 2014. Otis Simpson, Acting Director, Taxpayer Advocacy Panel. [FR Doc. 2014–08584 Filed 4–15–14; 8:45 am] BILLING CODE 4830–01–P PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 Internal Revenue Service Open Meeting of the Taxpayer Advocacy Panel Taxpayer Communications Project Committee Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. An open meeting of the Taxpayer Advocacy Panel Taxpayer Communications Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. DATES: The meeting will be held Thursday, May 15, 2014. FOR FURTHER INFORMATION CONTACT: Ellen Smiley or Patti Robb at 1–888– 912–1227 or 414–231–2360. SUPPLEMENTARY INFORMATION: Notice is hereby given pursuant to Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Taxpayer Communications Project Committee will be held Thursday, May 15, 2014, at 2:00 p.m. Eastern Time via teleconference. The public is invited to make oral comments or submit written statements for consideration. Due to limited conference lines, notification of intent to participate must be made with Ms. Ellen Smiley or Ms. Patti Robb. For more information please contact Ms. Smiley or Ms. Robb at 1–888–912–1227 or 414–231–2360, or write TAP Office Stop 1006MIL, 211 West Wisconsin Avenue, Milwaukee, WI 53203–2221, or post comments to the Web site: https:// www.improveirs.org. The committee will be discussing various issues related to Taxpayer Communications and public input is welcome. SUMMARY: Dated: April 9, 2014. Otis Simpson, Acting Director, Taxpayer Advocacy Panel. [FR Doc. 2014–08579 Filed 4–15–14; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Open Meeting of the Taxpayer Advocacy Panel Joint Committee Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. AGENCY: E:\FR\FM\16APN1.SGM 16APN1

Agencies

[Federal Register Volume 79, Number 73 (Wednesday, April 16, 2014)]
[Notices]
[Pages 21514-21515]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-08582]


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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 2014

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Publication of inflation adjustment factors and reference 
prices for calendar year 2014 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)).

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SUMMARY: The 2014 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 2014 inflation adjustment factors and reference prices apply 
to calendar year 2014 sales of kilowatt hours of electricity produced 
in the United States or a possession thereof from qualified energy 
resources, and to 2014 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 2014 for qualified energy resources and refined coal is 
1.5088. The inflation adjustment factor for Indian coal is 1.1587.
    Reference Prices: The reference price for calendar year 2014 for 
facilities producing electricity from wind is 4.85 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 $56.88 per ton for 
calendar year 2014. 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 2014.
    Because the 2014 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 2014. Because the 2014 
reference price of fuel used as feedstock for refined coal ($56.88) 
does not exceed $81.82 (which is the $31.90 reference price of such 
fuel in 2002 multiplied by the inflation adjustment factor (1.5088) and 
1.7), the phaseout of credit provided in section 45(e)(8)(B) does not 
apply to refined coal sold during calendar year 2014. 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 2014.
    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), the $2.00 amount in section 
45(e)(8)(D), and the $2.00 amount in section 45(e)(8)(10)(B) 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 2014 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,

[[Page 21515]]

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 2014 under section 45(e)(8)(A) is $6.601 
per ton on the sale of qualified refined coal. The credit for Indian 
coal production for calendar year 2014 under section 45(e)(10)(B) is 
$2.317 per ton on the sale of Indian coal.

FOR FURTHER INFORMATION CONTACT: Philip Tiegerman, CC:PSI:6, Internal 
Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224, 
(202) 317-6853 (not a toll-free number).

Cornelia Schnyder,
Special Counsel to the Associate Chief, Counsel (Passthroughs and 
Special Industries).
[FR Doc. 2014-08582 Filed 4-15-14; 8:45 am]
BILLING CODE 4830-01-P
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