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 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]


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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.

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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