Credit for Renewable Electricity Production, Refined Coal Production, and Indian Coal Production, and Publication of Inflation Adjustment Factors and Reference Prices for Calendar Year 2021, 22300-22301 [2021-08686]
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Federal Register / Vol. 86, No. 79 / Tuesday, April 27, 2021 / Notices
jbell on DSKJLSW7X2PROD with NOTICES
the fee in a single payment is not
available.
• Lump sum payment of fee with no
refund (short and long form)—A bank
must disclose that the customer has the
option to choose a contract with or
without a refund provision. This
disclosure must also state that the prices
of refund and no-refund products are
likely to differ.
• Refund of fee paid in lump sum
(short and long form)—If a bank permits
a customer to pay the fee in a single
payment and add the fee to the amount
borrowed, the bank must disclose its
cancellation policy. The disclosure
informs the customer of the bank’s
refund policy, as applicable, i.e., that
the DCC or DSA may be: (i) Cancelled
at any time for a refund; (ii) cancelled
within a specified number of days for a
full refund; or (iii) cancelled at any time
with no refund.
• Whether use of a card or credit line
is restricted (long form)—A bank must
inform a customer if the customer’s
activation of the contract would prohibit
the customer from incurring additional
charges on the credit card or using the
credit line.
• Termination of a DCC or DSA (long
form)—If termination is permitted
during the life of the loan, a bank must
include an explanation of the
circumstances under which a customer
or the bank may terminate the contract.
• Additional disclosures (short
form)—A bank must inform customers
that it will provide additional
information before the customer is
required to pay for the product.
• Eligibility requirements, conditions,
and exclusions (short and long form)—
A bank must describe any material
limitations relating to the DCC or DSA.
Section 37.7
Section 37.7 requires a bank to obtain
a customer’s written affirmative election
to purchase a contract and written
acknowledgment of receipt of the
disclosures required by § 37.6. The
section further provides that the
election and acknowledgment must be
conspicuous, simple, direct, readily
understandable, and designed to call
attention to their significance. Pursuant
to § 37.7(b), if the sale of the contract
occurs by telephone, the customer’s
affirmative election to purchase and
acknowledgment of receipt of the
required short form may be made orally,
provided the bank: (i) Maintains
sufficient documentation to show that
the customer received the short form
disclosures and then affirmatively
elected to purchase the contract; (ii)
mails the affirmative written election
and written acknowledgment, together
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with the long form disclosures required
by § 37.6, to the customer within 3
business days after the telephone
solicitation and maintains sufficient
documentation to show it made
reasonable efforts to obtain the
documents from the customer; and (iii)
permits the customer to cancel the
purchase of the contract without penalty
within 30 days after the bank has mailed
the long form disclosures to the
customer.
Pursuant to § 37.7(c), if the DCC or
DSA is solicited through written
materials such as mail inserts or ‘‘take
one’’ applications and the bank provides
only the short form disclosures in the
written materials, then the bank shall
mail the acknowledgment, together with
the long form disclosures, to the
customer. The bank may not obligate the
customer to pay for the contract until
after the bank has received the
customer’s written acknowledgment of
receipt of disclosures, unless the bank
takes certain steps, maintains certain
documentation, and permits the
customer to cancel the purchase within
30 days after mailing the long form
disclosures to the customer. Section
37.7(d) permits the customer’s
affirmative election and
acknowledgment to be made
electronically.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Number of Respondents: 1,098.
Total Annual Burden Hours: 26,352
hours.
The OCC published a notice for 60
days of comment concerning this
collection, 86 FR 9994. No comments
were received. Comments continue to be
invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
OCC, including whether the information
shall have practical utility;
(b) The accuracy of the OCC’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 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,
PO 00000
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maintenance, and purchase of services
to provide information.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2021–08679 Filed 4–26–21; 8:45 am]
BILLING CODE 4810–33–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 2021
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of publication.
AGENCY:
The 2021 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.
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).
SUPPLEMENTARY INFORMATION: The 2021
inflation adjustment factors and
reference prices apply to calendar year
2021 sales of kilowatt hours of
electricity produced in the United States
or a possession thereof from qualified
energy resources, and to 2021 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 2021 for qualified energy resources
and refined coal is 1.6878. The inflation
adjustment factor for calendar year 2021
for Indian coal is 1.2998.
Reference Prices: The reference price
for calendar year 2021 for facilities
producing electricity from wind is 3.59
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 $45.64 per ton for calendar year
2021. 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
2021.
SUMMARY:
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jbell on DSKJLSW7X2PROD with NOTICES
Federal Register / Vol. 86, No. 79 / Tuesday, April 27, 2021 / Notices
Phaseout Calculation: Because the
2021 reference price for electricity
produced from wind (3.59 cents per
kilowatt hour) does not exceed 8 cents
multiplied by the inflation adjustment
factor (1.6878), the phaseout of the
credit provided in section 45(b)(1) does
not apply to such electricity sold during
calendar year 2021. Because the 2021
reference price of fuel used as feedstock
for refined coal ($45.64) does not exceed
$91.53 (which is the $31.90 reference
price of such fuel in 2002 multiplied by
the inflation adjustment factor (1.6878)
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 2021. 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
2021.
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 2021 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 2021
under section 45(e)(8)(A) is $7.384 per
ton on the sale of qualified refined coal.
As required by section 45(e)(10)(B)(ii),
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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 2021 under section
45(e)(10)(B) is $2.600 per ton on the sale
of Indian coal.
22301
Reference Price: The reference price
under section 45K(d)(2)(C) for calendar
year 2020 is $37.07.
Christopher T. Kelley,
Special Counsel, (Passthroughs and Special
Industries).
[FR Doc. 2021–08684 Filed 4–26–21; 8:45 am]
BILLING CODE 4830–01–P
(Authority: 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.)
DEPARTMENT OF VETERANS
AFFAIRS
Christopher T. Kelley,
Special Counsel to the Associate Chief
Counsel, (Passthroughs and Special
Industries).
Agency Information Collection Activity
under OMB Review: Application in
Acquiring Specially Adapted Housing
or Special Home Adaptation Grant
[FR Doc. 2021–08686 Filed 4–26–21; 8:45 am]
DEPARTMENT OF THE TREASURY
Publication of Nonconventional Source
Production Credit Reference Price for
Calendar Year 2020
Internal Revenue Service (IRS),
Treasury.
AGENCY:
Notice.
Publication of the reference
price for the nonconventional source
production credit for calendar year
2020.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Christopher Price, CC:PSI:6, Internal
Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224,
Telephone Number (202) 317–6853 (not
a toll-free number).
The credit
period for the nonconventional source
production credit ended on December
31, 2013 for facilities producing coke or
coke gas (other than from petroleum
based products). However, the reference
price continues to apply in determining
the amount of the enhanced oil recovery
credit under section 43 of title 26 of the
U.S.C., the marginal well production
credit under section 45I of title 26 of the
U.S.C., and the applicable percentage
under section 613A of title 26 of the
U.S.C. to be used in determining
percentage depletion in the case of oil
and natural gas produced from marginal
properties.
The reference price under section
45K(d)(2)(C) of title 26 of the U.S.C. for
calendar year 2020 applies for purposes
of sections 43, 45I, and 613A for taxable
year 2021.
SUPPLEMENTARY INFORMATION:
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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. 2900–0132.’’
FOR FURTHER INFORMATION CONTACT:
Maribel Aponte, Office of Enterprise
and Integration, Data Governance
Analytics (008), 1717 H Street NW,
Washington, DC 20006, (202) 266–4688
or email maribel.aponte@va.gov. Please
refer to ‘‘OMB Control No. 2900–0132’’
in any correspondence.
SUPPLEMENTARY INFORMATION:
Authority: 44 U.S.C. 3501–21. Title
38, U.S.C., chapter 21.
Title: Application in Acquiring
Specially Adapted Housing or Special
Home Adaptation Grant (VA Form 26–
4555).
OMB Control Number: 2900–0132.
Type of Review: Extension of a
currently approved collection.
Abstract: VA Forms 26–4555 is used
to gather the necessary information to
SUMMARY:
Internal Revenue Service
PO 00000
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
BILLING CODE 4830–01–P
ACTION:
[OMB Control No. 2900–0132]
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]]>Agencies
[Federal Register Volume 86, Number 79 (Tuesday, April 27, 2021)]
[Notices]
[Pages 22300-22301]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-08686]
-----------------------------------------------------------------------
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 2021
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of publication.
-----------------------------------------------------------------------
SUMMARY: The 2021 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.
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).
SUPPLEMENTARY INFORMATION: The 2021 inflation adjustment factors and
reference prices apply to calendar year 2021 sales of kilowatt hours of
electricity produced in the United States or a possession thereof from
qualified energy resources, and to 2021 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 2021 for qualified energy resources and refined coal is
1.6878. The inflation adjustment factor for calendar year 2021 for
Indian coal is 1.2998.
Reference Prices: The reference price for calendar year 2021 for
facilities producing electricity from wind is 3.59 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 $45.64 per ton for
calendar year 2021. 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 2021.
[[Page 22301]]
Phaseout Calculation: Because the 2021 reference price for
electricity produced from wind (3.59 cents per kilowatt hour) does not
exceed 8 cents multiplied by the inflation adjustment factor (1.6878),
the phaseout of the credit provided in section 45(b)(1) does not apply
to such electricity sold during calendar year 2021. Because the 2021
reference price of fuel used as feedstock for refined coal ($45.64)
does not exceed $91.53 (which is the $31.90 reference price of such
fuel in 2002 multiplied by the inflation adjustment factor (1.6878) 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 2021. 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 2021.
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 2021 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 2021 under section
45(e)(8)(A) is $7.384 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 2021 under section 45(e)(10)(B) is $2.600 per ton on the
sale of Indian coal.
(Authority: 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.)
Christopher T. Kelley,
Special Counsel to the Associate Chief Counsel, (Passthroughs and
Special Industries).
[FR Doc. 2021-08686 Filed 4-26-21; 8:45 am]
BILLING CODE 4830-01-P
