Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request Concerning Deduction for Energy Efficient Commercial Buildings, 53551 [2022-18827]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 87, Number 168 (Wednesday, August 31, 2022)]
[Notices]
[Page 53551]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-18827]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Extension of Information Collection Request Submitted 
for Public Comment; Comment Request Concerning Deduction for Energy 
Efficient Commercial Buildings

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Internal Revenue Service, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the 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. Currently, the IRS is soliciting comments 
concerning deduction for energy efficient commercial buildings.

DATES: Written comments should be received on or before October 31, 
2022 to be assured of consideration.

ADDRESSES: Direct all written comments to Andres Garcia, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224, or by email to [email protected]. Include 1545-2004 or 
Deduction for Energy Efficient Commercial Buildings in the subject line 
of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be directed to LaNita Van Dyke, at 
(202) 317-6009, at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Deduction for Energy Efficient Commercial Buildings.
    OMB Number: 1545-2004.
    Regulation Project Number: Notice 2006-52; Notice 2008-40.
    Form Number: IRS Form 7205.
    Abstract: These notices set forth a process that allows the owner 
of energy efficient commercial building property to certify that the 
property satisfies the requirements of section 179D(c)(1) and (d). 
These notices also provide a procedure whereby the developer of 
computer software may certify to the Internal Revenue Service that the 
software is acceptable for use in calculating energy and power 
consumption for purposes of section 179D of the Code. IRS Form 7205 
will be used to claim the deduction for energy efficient commercial 
buildings.
    Current Actions: IRS is creating Form 7205 to standardize the 
procedures for claiming the deduction for energy efficient commercial 
building and renewing without changes to the Notices.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Individuals or households, Businesses, and other 
for-profit organizations.
    Estimated Number of Respondents: 21,767.
    Estimated Time per Respondent: 1.03 hours.
    Estimated Total Annual Burden Hours: 22,421.
    The following paragraph applies to all 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 if 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 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 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: August 26, 2022.
Andres Garcia Leon,
Supervisory Tax Analyst.
[FR Doc. 2022-18827 Filed 8-30-22; 8:45 am]
BILLING CODE 4830-01-P