Credit for Renewable Electricity Production and Refined Coal Production, and Publication of Inflation Adjustment Factor and Reference Prices for Calendar Year 2015, 20295-20296 [2015-08650]
Download as PDF
<![CDATA[
Federal Register / Vol. 80, No. 72 / Wednesday, April 15, 2015 / Notices
agencies, supplemented the
identification information for 1 entity
whose property and interests in
property are blocked pursuant to
Executive Order 13224. The
supplemental identification information
for the entity is as follows:
tkelley on DSK3SPTVN1PROD with NOTICES
Entity
1. REVIVAL OF ISLAMIC HERITAGE
SOCIETY (a.k.a. AFGHAN SUPPORT
COMMITTEE; a.k.a. AHIYAHU TURUS;
a.k.a. AHYA UL TURAS; a.k.a. AHYA
UTRAS; a.k.a. AL-FORQAN ALKHAIRYA; a.k.a. AL-FURQAN ALKHARIYA; a.k.a. AL-FURQAN
CHARITABLE FOUNDATION; a.k.a.
AL-FURQAN FOUNDATION WELFARE
TRUST; a.k.a. AL-FURQAN KHARIA;
a.k.a. AL-FURQAN UL KHAIRA; a.k.a.
AL-FURQAN WELFARE
FOUNDATION; a.k.a. AL-TURAZ
ORGANIZATION; a.k.a. AL-TURAZ
TRUST; a.k.a. FORKHAN RELIEF
ORGANIZATION; a.k.a. HAYAT UR
RAS AL-FURQAN; a.k.a. HAYATURAS;
a.k.a. HAYATUTRAS; a.k.a. HIYAT
ORAZ AL ISLAMIYA; a.k.a. JAMIA
IHYA UL TURATH; a.k.a. JAMIAT ALHAYA AL-SARAT; a.k.a. JAMIAT
AYAT-UR-RHAS AL ISLAMIA; a.k.a.
JAMIAT IHIA AL-TURATH ALISLAMIYA; a.k.a. JAMIAT IHYA UL
TURATH AL ISLAMIA; a.k.a. JAMITO
AHIA TORAS AL-ISLAMI; a.k.a.
LAJNAT UL MASA EIDATUL
AFGHANIA; a.k.a. LAJNATUL
FURQAN; a.k.a. ORGANIZATION FOR
PEACE AND DEVELOPMENT
PAKISTAN; a.k.a. RAIES KHILQATUL
QURANIA FOUNDATION OF
PAKISTAN; a.k.a. REVIVAL OF
ISLAMIC SOCIETY HERITAGE ON THE
AFRICAN CONTINENT; a.k.a. ‘‘AL
MOSUSTA FURQAN’’; a.k.a. ‘‘ALFORKAN’’; a.k.a. ‘‘AL-FURKAN’’; a.k.a.
‘‘AL-MOSASATUL FURQAN’’; a.k.a.
‘‘ASC’’; a.k.a. ‘‘HITRAS’’; a.k.a.
‘‘JAMIAT AL-FURQAN’’; a.k.a.
‘‘MOASSESA AL-FURQAN’’; a.k.a.
‘‘MOSASA-TUL-FORQAN’’; a.k.a.
‘‘RIHS’’; a.k.a. ‘‘SOCIAL
DEVELOPMENT FOUNDATION’’),
House Number 56, E. Canal Road,
University Town, Peshawar, Pakistan;
Afghanistan; Near old Badar Hospital in
University Town, Peshawar, Pakistan;
Chinar Road, University Town,
Peshawar, Pakistan [SDGT].
Dated: April 7, 2015.
John E. Smith,
Acting Director, Office of Foreign Assets
Control.
[FR Doc. 2015–08639 Filed 4–14–15; 8:45 am]
BILLING CODE 4810–AL–P
VerDate Sep<11>2014
17:29 Apr 14, 2015
Jkt 235001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). The IRS is soliciting
comments concerning a final regulation,
REG–146459–05 (TD 9324), Designated
Roth Contributions under Section 402A.
DATES: Written comments should be
received on or before June 15, 2015 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Christie Preston, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations should be
directed to LaNita Van Dyke at Internal
Revenue Service, Room 6517, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the Internet at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Designated Roth Contributions.
OMB Number: 1545–1992.
Regulation Project Number: REG–
146459–05 (TD 9324).
Abstract: These final regulations
provide guidance concerning the
taxation of distributions from
designated Roth accounts under
qualified cash or deferred arrangements
under section 401(k).
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business, other forprofit organizations.
Estimated Number of Respondents:
357,000.
Estimated Time per Respondent: 2
hrs. 19 min.
Estimated Total Annual Burden
Hours: 828,000.
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
SUMMARY:
PO 00000
Frm 00099
Fmt 4703
Sfmt 4703
20295
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; (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: April 7, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015–08652 Filed 4–14–15; 8:45 am]
BILLING CODE 4830–01–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 2015
Internal Revenue Service (IRS),
Treasury.
ACTION: Publication of inflation
adjustment factor and reference prices
for calendar year 2015 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.
AGENCY:
The 2015 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 2015, the credit
period for Indian coal production has
expired.
SUMMARY:
E:\FR\FM\15APN1.SGM
15APN1
20296
Federal Register / Vol. 80, No. 72 / Wednesday, April 15, 2015 / Notices
The 2015 inflation adjustment
factor and reference prices apply to
calendar year 2015 sales of kilowatt
hours of electricity produced in the
United States or a possession thereof
from qualified energy resources and to
2015 sales of refined coal produced in
the United States or a possession
thereof.
Inflation Adjustment Factor: The
inflation adjustment factor for calendar
year 2015 for qualified energy resources
and refined coal is 1.5336.
Reference Prices: The reference price
for calendar year 2015 for facilities
producing electricity from wind is 4.50
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 $57.64 per ton for calendar year
2015. 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
2015.
Phaseout Calculation: Because the
2015 reference price for electricity
produced from wind (4.50 cents per
kilowatt hour) does not exceed 8 cents
multiplied by the inflation adjustment
factor (1.5336), the phaseout of the
credit provided in section 45(b)(1) does
not apply to such electricity sold during
calendar year 2015. Because the 2015
reference price of fuel used as feedstock
for refined coal ($57.64) does not exceed
$83.17 (which is the $31.90 reference
price of such fuel in 2002 multiplied by
the inflation adjustment factor (1.5336)
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 2015. 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 the credit provided in
section 45(b)(1) does not apply to such
electricity sold during calendar year
2015.
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), the 8
cent amount in section 45(b)(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
tkelley on DSK3SPTVN1PROD with NOTICES
DATES:
VerDate Sep<11>2014
17:29 Apr 14, 2015
Jkt 235001
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
2015 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 1.2 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 2015 under section
45(e)(8)(A) is $6.710 per ton on the sale
of qualified refined coal.
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).
Christopher T. Kelley,
Special Counsel to the Associate Chief
Counsel (Passthroughs and Special
Industries).
[FR Doc. 2015–08650 Filed 4–14–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). The IRS is soliciting
SUMMARY:
PO 00000
Frm 00100
Fmt 4703
Sfmt 4703
comments concerning information
collection requirements related to real
estate mortgage conduits; reporting
requirements and other administrative
matters; and allocation of allocable
investment expense; original issue
discount reporting requirements.
DATES: Written comments should be
received on or before June 15, 2015 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Christie Preston, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this regulation should be
directed to LaNita Van Dyke, at Internal
Revenue Service, Room 6517, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the Internet, at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: T.D. 8366, Real Estate Mortgage
Investment Conduits; Reporting
Requirements and Other Administrative
Matters. T.D. 8431, Allocation of
Allocable Investment Expense; Original
Issue Discount Reporting Requirements.
OMB Number: 1545–1018.
Regulation Project Number: T.D. 8366
and T.D. 8431.
Abstract: T.D. 8366 contains
temporary and final regulations relating
to real estate mortgage investment
conduits (REMICS). T.D. 8431 contains
final regulations relating to reporting
requirements with respect to singleclass real estate mortgage investment
conduits (REMICs) and the market
discount fraction reported with other
REMIC information. This document also
contains final regulations that require an
issuer of publicly offered debt
instruments with original issue discount
(OID) to file an information return with
the Internal Revenue Service. The
relevant provisions in the Internal
Revenue Code were added or amended
by the Tax Reform Act of 1984, the Tax
Reform Act of 1986, and by the
Technical and Miscellaneous Revenue
Act of 1988.
Current Actions: There is no change to
these existing regulations.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses:
9,725.
Estimated Total Annual Burden
Hours: 978.
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
E:\FR\FM\15APN1.SGM
15APN1
]]>Agencies
[Federal Register Volume 80, Number 72 (Wednesday, April 15, 2015)]
[Notices]
[Pages 20295-20296]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08650]
-----------------------------------------------------------------------
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 2015
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Publication of inflation adjustment factor and reference prices
for calendar year 2015 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.
-----------------------------------------------------------------------
SUMMARY: The 2015 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 2015, the credit period for Indian coal production
has expired.
[[Page 20296]]
DATES: The 2015 inflation adjustment factor and reference prices apply
to calendar year 2015 sales of kilowatt hours of electricity produced
in the United States or a possession thereof from qualified energy
resources and to 2015 sales of refined coal produced in the United
States or a possession thereof.
Inflation Adjustment Factor: The inflation adjustment factor for
calendar year 2015 for qualified energy resources and refined coal is
1.5336.
Reference Prices: The reference price for calendar year 2015 for
facilities producing electricity from wind is 4.50 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 $57.64 per ton for
calendar year 2015. 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 2015.
Phaseout Calculation: Because the 2015 reference price for
electricity produced from wind (4.50 cents per kilowatt hour) does not
exceed 8 cents multiplied by the inflation adjustment factor (1.5336),
the phaseout of the credit provided in section 45(b)(1) does not apply
to such electricity sold during calendar year 2015. Because the 2015
reference price of fuel used as feedstock for refined coal ($57.64)
does not exceed $83.17 (which is the $31.90 reference price of such
fuel in 2002 multiplied by the inflation adjustment factor (1.5336) 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 2015. 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 the credit provided in
section 45(b)(1) does not apply to such electricity sold during
calendar year 2015.
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), the 8 cent amount in section 45(b)(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 2015 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 1.2 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 2015 under section
45(e)(8)(A) is $6.710 per ton on the sale of qualified refined coal.
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).
Christopher T. Kelley,
Special Counsel to the Associate Chief Counsel (Passthroughs and
Special Industries).
[FR Doc. 2015-08650 Filed 4-14-15; 8:45 am]
BILLING CODE 4830-01-P
