Publication of the Tier 2 Tax Rates, 83204 [2023-26101]
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83204
Federal Register / Vol. 88, No. 227 / Tuesday, November 28, 2023 / Notices
copies of this collection should be
directed to Jon Callahan, (737) 800–
7639, at Internal Revenue Service, Room
6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet at jon.r.callahan@irs.gov.
SUPPLEMENTARY INFORMATION: The IRS is
currently seeking comments concerning
the following information collection
tools, reporting, and record-keeping
requirements:
Title: Qualification and Transfer of
Credit under Sections 30D and 25E from
Taxpayer to Eligible Entity.
OMB Number: 1545–2311.
Abstract: Under the procedures
prescribed in these revenue procedures,
a dealer of a new clean vehicle or
previously owned clean vehicle that
wishes to partake in the advanced
payment program under IRC sections
30D(g) and 25E(f) must register with the
IRS through the IRS Identity
Registration System and through the IRS
Clean Vehicle Sales Portal. At the time
of registration through the IRS Clean
Vehicle Sales Portal, the dealer must
provide certain information to the IRS
and make certain certifications. After
those are complete, the IRS will perform
a tax compliance check to ensure the
dealer is compliant with its tax
obligations. After a taxpayer makes a
transfer election under IRC sections
30D(g) or 25E(f) to the dealer, a dealer
must upload certain information
through the IRS Clean Vehicle Sales
Portal, and the IRS, upon review, and if
all conditions are met, will issue a
payment to the dealer.
Qualified manufacturers who wish to
have certain new clean vehicles qualify
for the IRC section 30D credit in the
subsequent year must submit certain
information related to applicable critical
minerals and battery components.
The IRS created a Clean Vehicles Sale
Portal for qualified manufacturers,
dealers, and sellers to register and
provide the requisite information. The
likely respondents are businesses and
other for-profit entities.
Current Actions: There are changes to
the existing collection. The IRS is
revising this collection to add reporting
obligations for qualified manufacturers
to submit to the Department of Energy
(DOE). This creates a modified
collection obligation for qualified
manufacturers related to applicable
critical minerals and battery
components. This modification provides
that qualified manufacturers who wish
to have certain new clean vehicles
qualify for the IRC section 30D credit in
the subsequent year must submit a
report to the DOE that includes
supporting documentation in relation to
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17:19 Nov 27, 2023
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battery components and applicable
critical minerals, as well as associated
constituent materials, contained in the
battery from which the electric motor of
the vehicle draws electricity; and
submit attestations under penalty of
perjury.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses:
440,050.
Estimated Time per Respondent: 7
hours, 23 minutes.
Estimated Total Annual Burden
Hours: 3,247,250.
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
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: November 22, 2023.
Jon R. Callahan,
Senior Tax Analyst.
[FR Doc. 2023–26155 Filed 11–27–23; 8:45 am]
BILLING CODE 4830–01–P
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Publication of the Tier 2 Tax Rates
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice.
AGENCY:
Publication of the tier 2 tax
rates for calendar year 2024 as required
by section 3241(d) of the Internal
Revenue Code. Tier 2 taxes on railroad
employees, employers, and employee
representatives are one source of
funding for benefits under the Railroad
Retirement Act.
DATES: The tier 2 tax rates for calendar
year 2024 apply to compensation paid
in calendar year 2024.
FOR FURTHER INFORMATION CONTACT:
Kathleen Edmondson,
CC:EEE:EOET:ET1, Internal Revenue
Service, 1111 Constitution Avenue NW,
Washington, DC 20224, Telephone
Number (202) 317–6798 (not a toll-free
number).
Tier 2 Tax Rates: The tier 2 tax rate
for 2024 under section 3201(b) on
employees is 4.9 percent of
compensation. The tier 2 tax rate for
2024 under section 3221(b) on
employers is 13.1 percent of
compensation. The tier 2 tax rate for
2024 under section 3211(b) on employee
representatives is 13.1 percent of
compensation.
SUMMARY:
Rachel D Levy,
Associate Chief Counsel (Employee Benefits,
Exempt Organizations and Employment
Taxes).
[FR Doc. 2023–26101 Filed 11–27–23; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Requesting
Comments on Form 15315
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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 15315,
Annual Certification for Multiemployer
Defined Benefit Plans.
SUMMARY:
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[Federal Register Volume 88, Number 227 (Tuesday, November 28, 2023)]
[Notices]
[Page 83204]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-26101]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Publication of the Tier 2 Tax Rates
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: Publication of the tier 2 tax rates for calendar year 2024 as
required by section 3241(d) of the Internal Revenue Code. Tier 2 taxes
on railroad employees, employers, and employee representatives are one
source of funding for benefits under the Railroad Retirement Act.
DATES: The tier 2 tax rates for calendar year 2024 apply to
compensation paid in calendar year 2024.
FOR FURTHER INFORMATION CONTACT: Kathleen Edmondson, CC:EEE:EOET:ET1,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224, Telephone Number (202) 317-6798 (not a toll-free number).
Tier 2 Tax Rates: The tier 2 tax rate for 2024 under section
3201(b) on employees is 4.9 percent of compensation. The tier 2 tax
rate for 2024 under section 3221(b) on employers is 13.1 percent of
compensation. The tier 2 tax rate for 2024 under section 3211(b) on
employee representatives is 13.1 percent of compensation.
Rachel D Levy,
Associate Chief Counsel (Employee Benefits, Exempt Organizations and
Employment Taxes).
[FR Doc. 2023-26101 Filed 11-27-23; 8:45 am]
BILLING CODE 4830-01-P
