Credit for Indian Coal Production and Inflation Adjustment Factor for Calendar Years 2018 and 2019, 3486 [2020-00884]
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Federal Register / Vol. 85, No. 13 / Tuesday, January 21, 2020 / Notices
having engaged in, facilitated, or been
responsible for the exportation of workers
from North Korea, including exportation to
generate revenue for the Government of
North Korea or the Workers Party of Korea.
Also designated pursuant Section
104(b)(1)(L) of the North Korea Sanctions and
Policy Enhancement Act of 2016, Pub. L.
114–122, as amended by section 311 of the
Countering America’s Adversaries Through
Sanctions Act (Pub. L. 115–44) (NKSPEA, as
amended) for knowingly, directly or
indirectly, engaged in, facilitated, or having
been responsible for the exportation of
workers from North Korea in a manner
intended to generate significant revenue,
directly or indirectly, for use by the
Government of North Korea or by the
Worker’s Party of Korea.
Designated pursuant to section 2(a)(vii) of
E.O. 13722, for having materially assisted,
sponsored, or provided financial, material, or
technological support for, or goods and
services to or in support of KOREA
NAMGANG TRADING CORPORATION, an
entity whose property and interests in
property are blocked pursuant to E.O. 13722.
Also designated pursuant Section
104(b)(1)(A) of NKSPEA, as amended,
knowingly engaging in, contributing to,
assisting, sponsoring, or providing financial,
material or technological support for, or
goods and services in support of, KOREA
NAMGANG TRADING CORPORATION, an
entity whose property and interests in
property are blocked pursuant to E.O. 13722
and NKSPEA, as amended.
Also designated pursuant to section
2(a)(vii) of E.O. 13722, for having materially
assisted, sponsored, or provided financial,
material, or technological support for, or
goods and services to or in support of
NAMGANG CONSTRUCTION, an entity
whose property and interests in property are
blocked pursuant to E.O. 13722.
128 of Division Q of the Further
Consolidated Appropriations Act, 2020
(Pub. L. 116–94) extends the credit
period for the Indian coal production
credit from a 12-year period beginning
on January 1, 2006, to a 15-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, 2017.
DATES: The 2018 inflation adjustment
factor applies to calendar year 2018
sales of Indian coal produced in the
United States or a possession thereof.
The 2019 inflation adjustment factor
applies to calendar year 2019 sales of
Indian coal produced in the United
States or a possession thereof.
Inflation Adjustment Factor: The
inflation adjustment factor for calendar
year 2018 for Indian coal is 1.2330. The
inflation adjustment factor for calendar
year 2019 for Indian coal is 1.2627.
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 2018 under section
45(e)(10)(B) is $2.466 per ton on the sale
of Indian coal. Under the calculation
required by section 45(e)(10)(B)(ii), the
credit for Indian coal production for
calendar year 2019 under section
45(e)(10)(B) is $2.525 per ton on the sale
of Indian coal.
FOR FURTHER INFORMATION CONTACT:
Charles Hyde, CC:PSI:6, Internal
Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224,
(202) 317–6853 (not a toll-free number).
DEPARTMENT OF THE TREASURY
[FR Doc. 2020–00771 Filed 1–17–20; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Credit for Indian Coal Production and
Inflation Adjustment Factor for
Calendar Years 2018 and 2019
Internal Revenue Service (IRS),
Treasury.
ACTION: Publication of inflation
adjustment factor for Indian coal
production for calendar years 2018 and
2019 under section 45(e)(10)(B) (26
U.S.C. 45(e)(10)(B)) of the Internal
Revenue Code.
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AGENCY:
The 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
18:20 Jan 17, 2020
Jkt 250001
Christopher T. Kelley,
Special Counsel to the Associate Chief
Counsel, (Passthroughs and Special
Industries).
[FR Doc. 2020–00884 Filed 1–17–20; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Frm 00152
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Electronic Tax Administration
Advisory Committee (ETAAC);
Nominations
Internal Revenue Service,
Department of the Treasury.
ACTION: Request for nominations.
AGENCY:
The Internal Revenue Service
(IRS) is requesting applications from
individuals with experience in such
areas as state tax administration,
cybersecurity and information security,
tax software development, tax
preparation, payroll and tax financial
product processing, systems
management and improvement,
implementation of customer service
initiatives, public administration, and
consumer advocacy to be considered for
selection as members of the Electronic
Tax Administration Advisory
Committee (ETAAC). The IRS also
strongly encourages representatives
from consumer groups with an interest
in tax issues to apply.
DATES: Written nominations must be
received on or before February 14, 2020.
ADDRESSES: Nominations should be sent
to: Sean Parman, IRS National Public
Liaison Office, CL:NPL:SRM, Room
7559, 1111 Constitution Avenue NW,
Washington, DC 20224, Attn: ETAAC
Nominations. Applications may also be
submitted via fax to 855–811–8020 or
via email at PublicLiaison@irs.gov.
Application packages are available on
the IRS website at https://www.irs.gov/
e-file-providers/apply-for-membershipon-the-electronic-tax-administrationadvisory-committee-etaac. Application
packages may also be requested by
telephone from National Public Liaison,
202–317–6247 (not a toll-free number).
FOR FURTHER INFORMATION CONTACT:
Sean Parman at (202) 317–6247, or send
an email to publicliaison@irs.gov.
SUMMARY:
E:\FR\FM\21JAN1.SGM
21JAN1
EN21JA20.000</GPH>
Dated: January 14, 2020.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Internal Revenue Service
]]>Agencies
[Federal Register Volume 85, Number 13 (Tuesday, January 21, 2020)]
[Notices]
[Page 3486]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-00884]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Credit for Indian Coal Production and Inflation Adjustment Factor
for Calendar Years 2018 and 2019
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Publication of inflation adjustment factor for Indian coal
production for calendar years 2018 and 2019 under section 45(e)(10)(B)
(26 U.S.C. 45(e)(10)(B)) of the Internal Revenue Code.
-----------------------------------------------------------------------
SUMMARY: The inflation adjustment factor is used in determining the
availability of the credit for Indian coal production under section 45.
Section 128 of Division Q of the Further Consolidated Appropriations
Act, 2020 (Pub. L. 116-94) extends the credit period for the Indian
coal production credit from a 12-year period beginning on January 1,
2006, to a 15-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, 2017.
DATES: The 2018 inflation adjustment factor applies to calendar year
2018 sales of Indian coal produced in the United States or a possession
thereof. The 2019 inflation adjustment factor applies to calendar year
2019 sales of Indian coal produced in the United States or a possession
thereof.
Inflation Adjustment Factor: The inflation adjustment factor for
calendar year 2018 for Indian coal is 1.2330. The inflation adjustment
factor for calendar year 2019 for Indian coal is 1.2627.
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 2018 under section 45(e)(10)(B) is $2.466 per ton on the sale of
Indian coal. Under the calculation required by section
45(e)(10)(B)(ii), the credit for Indian coal production for calendar
year 2019 under section 45(e)(10)(B) is $2.525 per ton on the sale of
Indian coal.
FOR FURTHER INFORMATION CONTACT: Charles Hyde, 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. 2020-00884 Filed 1-17-20; 8:45 am]
BILLING CODE 4830-01-P
