Credit for Indian Coal Production and Inflation Adjustment Factor for Calendar Year 2017, 13346 [2018-06236]

Download as PDF 13346 Federal Register / Vol. 83, No. 60 / Wednesday, March 28, 2018 / Notices amended, is responsible for or complicit in, or has engaged in, directly or indirectly, cyber-enabled activities originating from, or directed by persons located, in whole or in substantial part, outside the United States that are reasonably likely to result in, or have materially contributed to, a significant threat to the national security, foreign policy, or economic health or financial stability of the United States and that have the purpose or effect of causing a significant misappropriation of funds or economic resources, trade secrets, personal identifiers, or financial information for commercial or competitive advantage or private financial gain. Entity: 1. MABNA INSTITUTE, Mirdamad, Naft Jonubi, Taban Alley, Plaque 2⁄1, Unit 102, Tehran, Iran; East Shahid Hemmat Highway, North Emam Ali Highway, East Artesh Highway, Town of Qa’em, Banafsheh Street, Second Door, Plaque 2, Tehran, Iran; Ansariyeh Boulevard, 6th Bustan, Plaque 488, 4515736541, Zanjan, Iran; Additional Sanctions Information—Subject to Secondary Sanctions [CYBER2]. Designated pursuant to section 1(a)(ii)(D) of Executive Order 13694 of April 1, 2015, ‘‘Blocking the Property of Certain Persons Engaging in Significant Malicious CyberEnabled Activities’’ (E.O. 13694), as amended, is responsible for or complicit in, or has engaged in, directly or indirectly, cyber-enabled activities originating from, or directed by persons located, in whole or in substantial part, outside the United States that are reasonably likely to result in, or have materially contributed to, a significant threat to the national security, foreign policy, or economic health or financial stability of the United States and that have the purpose or effect of causing a significant misappropriation of funds or economic resources, trade secrets, personal identifiers, or financial information for commercial or competitive advantage or private financial gain. 40408 of Division A of the Bipartisan Budget Act of 2018 extends the credit period for the Indian coal production credit from an 11-year period beginning on January 1, 2006, to a 12-year period beginning on January 1, 2006. This provision is effective for coal produced in the United States or a possession thereof after December 31, 2016. DATES: The 2017 inflation adjustment factor applies to calendar year 2017 sales of Indian coal produced in the United States or a possession thereof. Inflation Adjustment Factor: The inflation adjustment factor for calendar year 2017 for Indian coal is 1.2115. Credit Amount for Indian Coal: As required by section 45(e)(10)(B)(ii), the $2.00 amount in section 45(e)(10)(B)(i) is adjusted by multiplying such amount by the inflation adjustment factor for the calendar year. Under the calculation required by section 45(e)(10)(B)(ii), the credit for Indian coal production for calendar year 2017 under section 45(e)(10)(B) is $2.423 per ton on the sale of Indian coal. FOR FURTHER INFORMATION CONTACT: Phil Tiegerman, 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. 2018–06236 Filed 3–27–18; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Dated: March 23, 2018. John E. Smith, Director, Office of Foreign Assets Control. Proposed Collection; Comment Request for Form 4506 [FR Doc. 2018–06216 Filed 3–27–18; 8:45 am] AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Credit for Indian Coal Production and Inflation Adjustment Factor for Calendar Year 2017 Internal Revenue Service (IRS), Treasury. ACTION: Publication of inflation adjustment factor for Indian coal production for calendar year 2017. daltland on DSKBBV9HB2PROD with NOTICES AGENCY: The 2017 inflation adjustment factor is used in determining the availability of the credit for Indian coal production under section 45. Section SUMMARY: VerDate Sep<11>2014 20:30 Mar 27, 2018 The Internal Revenue Service, 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. The IRS is soliciting comments concerning Form 4506, Request for Copy of Tax Return. SUMMARY: Internal Revenue Service Jkt 244001 Written comments should be received on or before May 29, 2018 to be assured of consideration. DATES: PO 00000 Frm 00125 Fmt 4703 Sfmt 4703 Direct all written comments to Laurie Brimmer, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Sandra Lowery at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or at (202) 317– 5754 or through the internet, at Sandra.J.Lowery@irs.gov. SUPPLEMENTARY INFORMATION: Title: Request for Copy of Tax Return. OMB Number: 1545–0429. Form Number: Form 4506. Abstract: Internal Revenue Code section 7513 allows taxpayers to request a copy of a tax return or related documents. Form 4506 is used for this purpose. The information provided will be used for research to locate the tax form and to ensure that the requestor is the taxpayer or someone authorized by the taxpayer to obtain the documents requested. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations, individuals or households, farms, and Federal, state, local, or tribal governments. Estimated Number of Respondents: 325,000. Estimated Time Per Respondent: 48 min. Estimated Total Annual Burden Hours: 260,000. 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 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 ADDRESSES: E:\FR\FM\28MRN1.SGM 28MRN1

Agencies

[Federal Register Volume 83, Number 60 (Wednesday, March 28, 2018)]
[Notices]
[Page 13346]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-06236]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Credit for Indian Coal Production and Inflation Adjustment Factor 
for Calendar Year 2017

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Publication of inflation adjustment factor for Indian coal 
production for calendar year 2017.

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SUMMARY: The 2017 inflation adjustment factor is used in determining 
the availability of the credit for Indian coal production under section 
45. Section 40408 of Division A of the Bipartisan Budget Act of 2018 
extends the credit period for the Indian coal production credit from an 
11-year period beginning on January 1, 2006, to a 12-year period 
beginning on January 1, 2006. This provision is effective for coal 
produced in the United States or a possession thereof after December 
31, 2016.

DATES: The 2017 inflation adjustment factor applies to calendar year 
2017 sales of Indian coal produced in the United States or a possession 
thereof.
    Inflation Adjustment Factor: The inflation adjustment factor for 
calendar year 2017 for Indian coal is 1.2115.
    Credit Amount for Indian Coal: As required by section 
45(e)(10)(B)(ii), the $2.00 amount in section 45(e)(10)(B)(i) is 
adjusted by multiplying such amount by the inflation adjustment factor 
for the calendar year. Under the calculation required by section 
45(e)(10)(B)(ii), the credit for Indian coal production for calendar 
year 2017 under section 45(e)(10)(B) is $2.423 per ton on the sale of 
Indian coal.

FOR FURTHER INFORMATION CONTACT: Phil Tiegerman, 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. 2018-06236 Filed 3-27-18; 8:45 am]
 BILLING CODE 4830-01-P