Credit for Renewable Electricity Production, Refined Coal Production, and Indian Coal Production, and Publication of Inflation Adjustment Factors and Reference Prices for Calendar Year 2020, 28698-28699 [2020-10273]
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28698
Federal Register / Vol. 85, No. 93 / Wednesday, May 13, 2020 / Notices
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: May 4, 2020.
Martha Brinson,
Tax Analyst.
[FR Doc. 2020–10237 Filed 5–12–20; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Notice 97–34
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service
(IRS), 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 information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
Information Reporting on Transactions
With Foreign Trusts and on Large
Foreign Gifts.
DATES: Written comments should be
received on or before July 13, 2020 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Kinna Brewington, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this notice should be directed
to Martha R. Brinson, at (202)317–5753,
or at Internal Revenue Service, Room
6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet at Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Information Reporting on
Transactions With Foreign Trusts and
on Large Foreign Gifts.
OMB Number: 1545–1538.
Notice Number: Notice 97–34.
Abstract: This notice provides
guidance on the foreign trust and
foreign gift information reporting
provisions contained in the Small
Business Job Protection Act of 1996.
Current Actions: There is no change to
the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
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SUMMARY:
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organizations, and not-for-profit
institutions.
Estimated Number of Responses:
5,000.
Estimated Time per Response: 45
mins.
Estimated Total Annual Burden
Hours: 3,750.
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. Comments
will be 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 has practical utility; (b) the
accuracy of the agency’s estimate of the
burden of the collection of information;
(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 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: May 4, 2020.
Martha Brinson,
Tax Analyst.
[FR Doc. 2020–10236 Filed 5–12–20; 8:45 am]
BILLING CODE 4830–01–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 2020
Internal Revenue Service (IRS),
Treasury.
ACTION: Publication of inflation
adjustment factors and reference prices
for calendar year 2020 under sections
45(e)(2)(A) (26 U.S.C. 45(e)(2)(A)),
45(e)(8)(C) (26 U.S.C. 45(e)(8)(C)), and
AGENCY:
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45(e)(10)(B) (26 U.S.C. 45(e)(10)(B)) of
the Internal Revenue Code.
The 2020 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 2020 inflation adjustment
factors and reference prices apply to
calendar year 2020 sales of kilowatt
hours of electricity produced in the
United States or a possession thereof
from qualified energy resources, and to
2020 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 2020 for qualified energy resources
and refined coal is 1.6687. The inflation
adjustment factor for calendar year 2020
for Indian coal is 1.2851.
Reference Prices: The reference price
for calendar year 2020 for facilities
producing electricity from wind is 4.16
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 $48.58 per ton for calendar year
2020. The reference prices for facilities
producing electricity from closed-loop
biomass, open-loop biomass, geothermal
energy, municipal solid waste, qualified
hydropower production, and marine
and hydrokinetic renewable energy have
not been determined for calendar year
2020.
Phaseout Calculation: Because the
2020 reference price for electricity
produced from wind (4.16 cents per
kilowatt hour) does not exceed 8 cents
multiplied by the inflation adjustment
factor (1.6687), the phaseout of the
credit provided in section 45(b)(1) does
not apply to such electricity sold during
calendar year 2020. Because the 2020
reference price of fuel used as feedstock
for refined coal ($48.58) does not exceed
$90.49 (which is the $31.90 reference
price of such fuel in 2002 multiplied by
the inflation adjustment factor (1.6687)
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 2020. Further, for
electricity produced from closed-loop
biomass, open-loop biomass, geothermal
energy, 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
2020.
SUMMARY:
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Federal Register / Vol. 85, No. 93 / Wednesday, May 13, 2020 / Notices
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) 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, 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 2020 under section 45(a)
is 2.5 cents per kilowatt hour on the sale
of electricity produced from the
qualified energy resources of wind,
closed-loop biomass, and geothermal
energy, and 1.3 cents per kilowatt hour
on the sale of electricity produced in
open-loop biomass 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 2020
under section 45(e)(8)(A) is $7.301 per
ton on the sale of qualified refined 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 2020 under section
45(e)(10)(B) is $2.570 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).
jbell on DSKJLSW7X2PROD with NOTICES
Christopher T. Kelley,
Special Counsel to the Associate Chief
Counsel (Passthroughs and Special
Industries).
[FR Doc. 2020–10273 Filed 5–12–20; 8:45 am]
BILLING CODE 4830–01–P
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DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0041]
Agency Information Collection
Activity: Compliance Inspection Report
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: 30-Day notice.
AGENCY:
In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Veterans Benefits Administration,
Department of Veterans Affairs, will
submit the collection of information
abstracted below to the Office of
Management and Budget (OMB) for
review and comment. The PRA
submission describes the nature of the
information collection and its expected
cost and burden and it includes the
actual data collection instrument.
DATES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Refer to ‘‘OMB Control
No. 2900–0041.
FOR FURTHER INFORMATION CONTACT:
Danny S. Green, (202) 421–1354 or
email Danny.Green2@va.gov. Please
refer to ‘‘OMB Control No. 2900–0041’’
in any correspondence.
SUPPLEMENTARY INFORMATION:
Authority: Public Law 104–13; 44
U.S.C. 3501–21.
Title: Compliance Inspection Report
(VA Form 26–1839).
OMB Control Number: 2900–0041.
Type of Review: Extension of an
approved collection.
Abstract: Fee-compliance inspectors
complete VA Form 26–1839 during their
inspection on properties under
construction. The inspections provide a
level of protection to Veterans by
assuring them and VA that the
adaptation is in compliance with the
plans and specifications for which a
specially adapted housing grant is
based.
An agency may not conduct or
sponsor, and a person is not required to
respond to a collection of information
unless it displays a currently valid OMB
control number. The Federal Register
SUMMARY:
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28699
Notice with a 60-day comment period
soliciting comments on this collection
of information was published March 6,
2020 at 85 FR 13237, pages 13237–
13238.
Affected Public: Individuals or
households.
Estimated Annual Burden: 900 hours.
Estimated Average Burden per
Respondent: 15 minutes.
Frequency of Response: One time.
Estimated Number of Respondents:
3,600.
By direction of the Secretary:
Danny S. Green,
VA PRA Clearance Officer, Office of Quality,
Performance and Risk, Department of
Veterans Affairs.
[FR Doc. 2020–10222 Filed 5–12–20; 8:45 am]
BILLING CODE 8320–01–P
DEPARTMENT OF VETERANS
AFFAIRS
Research Advisory Committee on Gulf
War Veterans’ Illnesses, Notice of
Meeting
The Department of Veterans Affairs
(VA) gives notice under the Federal
Advisory Committee that the Research
Advisory Committee on Gulf War
Veterans’ Illnesses will meet by
teleconference on Tuesday July 7, 2020.
The open session will convene at 11:00
a.m. (EST) and end at 3:30 p.m. (EST).
The open session will be available to the
public by dialing the toll-free telephone
number for audio (800) 767–1750;
access code 56978# and connecting to
Adobe Connect URL for visual: https://
va-eerc-ees.adobeconnect.com/racgwvijuly2020/.
The purpose of the Committee is to
provide advice and make
recommendations to the Secretary of
Veterans Affairs on proposed research
studies, research plans, and research
strategies relating to the health
consequences of military service in the
Southwest Asia Theater of operations
during the Gulf War in 1990–1991.
The Committee will review VA
program activities related to Gulf War
Veterans’ illnesses, current events, and
updates on relevant scientific research
published since the last Committee
meeting. Presentations will include
updates on the VA Gulf War Research
Program and presentations from subject
matter experts in the areas of health
effects of serving in the Gulf War.
E:\FR\FM\13MYN1.SGM
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]]>Agencies
[Federal Register Volume 85, Number 93 (Wednesday, May 13, 2020)]
[Notices]
[Pages 28698-28699]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-10273]
-----------------------------------------------------------------------
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 2020
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Publication of inflation adjustment factors and reference
prices for calendar year 2020 under sections 45(e)(2)(A) (26 U.S.C.
45(e)(2)(A)), 45(e)(8)(C) (26 U.S.C. 45(e)(8)(C)), and 45(e)(10)(B) (26
U.S.C. 45(e)(10)(B)) of the Internal Revenue Code.
-----------------------------------------------------------------------
SUMMARY: The 2020 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 2020 inflation adjustment factors and reference prices apply
to calendar year 2020 sales of kilowatt hours of electricity produced
in the United States or a possession thereof from qualified energy
resources, and to 2020 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 2020 for qualified energy resources and refined coal is
1.6687. The inflation adjustment factor for calendar year 2020 for
Indian coal is 1.2851.
Reference Prices: The reference price for calendar year 2020 for
facilities producing electricity from wind is 4.16 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 $48.58 per ton for
calendar year 2020. The reference prices for facilities producing
electricity from closed-loop biomass, open-loop biomass, geothermal
energy, municipal solid waste, qualified hydropower production, and
marine and hydrokinetic renewable energy have not been determined for
calendar year 2020.
Phaseout Calculation: Because the 2020 reference price for
electricity produced from wind (4.16 cents per kilowatt hour) does not
exceed 8 cents multiplied by the inflation adjustment factor (1.6687),
the phaseout of the credit provided in section 45(b)(1) does not apply
to such electricity sold during calendar year 2020. Because the 2020
reference price of fuel used as feedstock for refined coal ($48.58)
does not exceed $90.49 (which is the $31.90 reference price of such
fuel in 2002 multiplied by the inflation adjustment factor (1.6687) 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 2020. Further, for
electricity produced from closed-loop biomass, open-loop biomass,
geothermal energy, 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 2020.
[[Page 28699]]
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) 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, 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 2020 under section 45(a) is 2.5 cents per kilowatt hour on the
sale of electricity produced from the qualified energy resources of
wind, closed-loop biomass, and geothermal energy, and 1.3 cents per
kilowatt hour on the sale of electricity produced in open-loop biomass
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 2020 under section
45(e)(8)(A) is $7.301 per ton on the sale of qualified refined 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 2020 under section 45(e)(10)(B) is $2.570 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. 2020-10273 Filed 5-12-20; 8:45 am]
BILLING CODE 4830-01-P
