Agency Collection Activities; Requesting Comments on Form 637 and IRS Notice 2023-06, IRS Notice 2024-06, Notice 2024-37, IRS Notice 2024-49, 55308-55309 [2024-14643]
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55308
Federal Register / Vol. 89, No. 128 / Wednesday, July 3, 2024 / Notices
withdrawal period and be fully
disclosed to fund participants. In
addition, the bank’s board of directors,
or a committee authorized by the board
of directors, must determine that, due to
unanticipated and severe market
conditions for specific assets held by the
fund, an extended withdrawal period is
necessary in order to preserve the value
of the fund’s assets for the benefit of
fund participants.
Twelve CFR 9.18(b)(5)(iii)(D) provides
that a bank may request that the OCC
approve an extension beyond the initial
one-year extended withdrawal period in
12 CFR 9.18(b)(5)(iii)(C) if certain
conditions are satisfied. Extensions past
the initial one-year extension must be
requested and approved annually, for a
maximum of two years after the initial
one-year extension period.
Twelve CFR 9.18(b)(6)(ii) (and 12 CFR
150.260 by cross-reference) require, for
CIFs, that national banks and FSAs, at
least once during each 12-month period,
prepare a financial report of the fund
based on the audit required by section
9.18(b)(6)(i). The report must disclose
the fund’s fees and expenses in a
manner consistent with applicable state
law in the state which the institution
maintains the fund and must contain:
• A list of investments in the fund
showing the cost and current market
value of each investment;
• A statement covering the period
after the previous report showing the
following (organized by type of
investment):
Æ A summary of purchases (with
costs);
Æ A summary of sales (with profit or
loss and any investment change);
Æ Income and disbursements; and
Æ An appropriate notation of
investments.
Twelve CFR 9.18(b)(6)(iv) (and 12
CFR 150.260 by cross-reference) require
that an institution managing a CIF
provide a copy of the financial report,
or provide notice that a copy of the
report is available upon request without
charge, to each person who ordinarily
would receive a regular periodic
accounting with respect to each
participating account. The institution
may provide a copy to prospective
customers. In addition, the institution
must provide a copy of the report upon
request to any person for a reasonable
charge.
Twelve CFR 9.18(c)(5) (and 12 CFR
150.260 by cross-reference) require that,
for special exemption CIFs, national
banks and FSAs, respectively, must
submit to the OCC a written plan that
sets forth:
• The reason the proposed fund
requires a special exemption;
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19:36 Jul 02, 2024
Jkt 262001
• The provisions of the fund that are
inconsistent with section 9.18(a) and
(b);
• The provisions of section 9.18(b) for
which the institution seeks an
exemption; and
• The manner in which the proposed
fund addresses the rights and interests
of participating accounts.
Estimated Burden:
Estimated Frequency of Response: On
occasion.
Estimated Number of Respondents:
282.
Estimated Total Annual Burden:
198,957 hours.
Comments submitted in response to
this notice will be summarized and
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
OCC, including whether the information
has 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,
maintenance, and purchase of services
to provide information.
Patrick T. Tierney,
Assistant Director, Office of the Comptroller
of the Currency.
[FR Doc. 2024–14611 Filed 7–2–24; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Collection Activities;
Requesting Comments on Form 637
and IRS Notice 2023–06, IRS Notice
2024–06, Notice 2024–37, IRS Notice
2024–49
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
SUMMARY:
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
comments concerning Form 637,
Application for Registration (For Certain
Excise Tax Activities) and
Questionnaires and IRS Notice 2023–06,
IRS Notice 2024–06, Notice 2024–37,
and IRS Notice 2024–49.
DATES: Written comments should be
received on or before September 3, 2024
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 pra.comments@irs.gov.
Include OMB Control No. 1545–1835 in
the subject line of the message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this collection should be
directed to Jason Schoonmaker, (801)
620–2128, at Internal Revenue Service,
Room 6526, 1111 Constitution Avenue
NW, Washington, DC 20224, or through
the internet at jason.m.schoonmaker@
irs.gov.
SUPPLEMENTARY INFORMATION: The IRS is
currently seeking comments concerning
the following information collection
tools, reporting, and record-keeping
requirements:
Title: Application for Registration (For
Certain Excise Tax Activities) and
Questionnaires; IRS Notice 2023–06;
IRS Notice 2024–06; IRS Notice 2024–
37; IRS Notice 2024–49.
OMB Number: 1545–1835.
Form Number: Form 637.
Guidance Number: IRS Notice 2023–
06, IRS Notice 2024–06, IRS Notice
2024–37, and IRS Notice 2024–49.
Abstract: Form 637 is used to apply
for excise tax registration. The
registration applies to a person required
to be registered under Internal Revenue
Code (IRC) section 4101 for purposes of
the Federal excise tax on taxable fuel
imposed under IRC sections 4041 and
4081; other persons required to be
registered by IRC section 4101 for
certain fuel activities for tax credits;
certain manufacturers or sellers and
purchasers required to be registered by
IRC section 4222 to be exempt from the
excise tax on taxable articles; certain
persons required to be registered by IRC
section 4662 to be exempt from the
excise tax on taxable chemicals; and
certain persons required to be registered
by IRC section 4682 to be exempt from
the excise tax on ozone-depleting
chemicals. The data from Form 637 is
used to determine if the applicant
qualifies for registration.
IRS Notice 2023–26 provides
guidance on the new sustainable
aviation fuel credits under IRC sections
40B and 6426(k) and related credit and
payment rules under IRC sections
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khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 89, No. 128 / Wednesday, July 3, 2024 / Notices
34(a)(3), 38, 87, and 6427(e)(1) (SAF
credit). This notice also provides rules
related to the section 4101 registration
requirements. The certificate, reseller
statement, and declaration created by
IRS Notice 2023–06 will allow the IRS
to verify that claimants are making
proper credit and payment claims with
respect to the SAF credit.
IRS Notice 2024–06 allows taxpayers
to use the Renewable Fuel Standard
(RFS) methodology to calculate the
amount of the SAF credit. IRS Notice
2024–06 updated the certificate to
include the RFS methodology.
IRS Notice 2024–37 allows taxpayers
to use the 40BSAF–GREET 2024
methodology to calculate the amount of
the SAF credit. IRS Notice 2024–37 also
allows use of domestic corn and
soybean grown using climate smart
agriculture pursuant to a program called
the U.S. Department of Agriculture
(USDA) Climate Smart Agriculture
(CSA) Pilot Program (USDA CSA Pilot
Program) to be considered in
determining the amount of the SAF
credit. If all the elements are met, the
registered producer can increase the
emissions reduction, allowing for a
larger amount of the SAF credit.
IRS Notice 2024–49 provides
guidance on the registration
requirements under IRC sections 45Z
and 4101 for the clean fuel production
credit. Section 45Z(f)(1)(A)(i)(I) provides
that no clean fuel production credit
shall be determined with respect to any
transportation fuel unless the taxpayer
is registered as a producer of clean fuel
under section 4101 at the time of
production. IRS Notice 2024–49
provides guidance on the time, form,
and manner of such registration. IRS
Notice 2024–49 provides that applicants
will use Form 637 to apply for
registration with the IRS and can apply
for Activity Letter ‘‘CN’’ (for a producer
of clean transportation fuel which is not
SAF), or Activity Letter ‘‘CA’’ (for a
producer of clean transportation fuel
which is SAF), or both, in accordance
with the instructions provided in the
notice until Form 637 is updated.
Current Actions: IRS Notice 2024–37
has added a new certificate, revised the
certificate from Notice 2024–06, and
included new recordkeeping
requirements. IRS Notice 2024–49 is
revising Form 637 to add new activity
codes and activity letters to be requested
on Form 637.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals or
households, Business or other for-profit,
and not-for-profit entities.
Estimated Number of Responses:
9,949.
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19:36 Jul 02, 2024
Jkt 262001
Estimated Time per Response: varies,
from 30 minutes up to 13 hours 30
minutes.
Estimated Total Annual Burden
Hours: 32,344.
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: June 28, 2024.
Jason M. Schoonmaker,
Tax Analyst.
[FR Doc. 2024–14643 Filed 7–2–24; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
Advisory Committee on Prosthetics
and Special-Disabilities Programs,
Notice of Meeting
The Department of Veterans Affairs
(VA) gives notice under the Federal
Advisory Committee Act, FACA 5
U.S.C. ch. 10, that a meeting of the
Federal Advisory Committee on
Prosthetics and Special-Disabilities
Programs will be held on Thursday, July
25–Friday, July 26, 2024. The meeting
will be a hybrid meeting, held in-person
at the New Orleans Ernest N. Morial
PO 00000
Frm 00094
Fmt 4703
Sfmt 4703
55309
Convention Center, 900 Convention
Center Boulevard, New Orleans,
Louisiana 70130, and virtually via
WebEx. The meeting sessions will begin
and end as follows:
Date
July 25, 2024 ....
July 26, 2024 ....
Time (Central Daylight Time)
8:15 a.m.–4:30 p.m.
8:15 a.m.–12:00 p.m.
This meeting is open to the public.
The purpose of the Committee is to
advise the Secretary of Veterans Affairs
on VA’s prosthetics programs designed
to provide state-of-the-art prosthetics
and the associated rehabilitation
research, development, and evaluation
of such technology. The Committee also
provides advice to the Secretary on
special-disabilities programs, which are
defined as any program administered by
the Secretary to serve Veterans with
spinal cord injuries, blindness or visual
impairments, loss of extremities or loss
of function, deafness or hearing
impairment, and other serious
incapacities in terms of daily life
functions.
On July 25, 2024, the Committee will
convene open (hybrid) sessions, from
8:15 a.m.–3:00 p.m. CDT, with
introductory remarks from the
Committee Acting Chair; and the
Executive Director and Deputy
Executive Director of Rehabilitation and
Prosthetic Services. The Committee will
have presentations from Physical
Medicine & Rehabilitation and the
Polytrauma/Traumatic Brain Injury
System of Care. The Committee will also
hear from Physical Therapy and
Occupational Therapy programs. The
afternoon will include presentations
from the Polytrauma/Amputation
System of Care; and Orthotic, Prosthetic
and Pedorthic Clinical Services. After
Program Office presentations, the
Committee will attend National Veteran
Wheelchair Games events starting at
3:15 p.m. CDT that will be open to
anyone present at the events.
On July 26, 2024, the Committee
members will convene open (hybrid)
sessions from 8:15 a.m.–12:00 p.m. CDT,
beginning with introductory remarks
and review of day one. Immediately
following there will be presentations on
Chiropractic Care; and Spinal Cord
Injury and Disorders programs.
Time will be allocated for receiving
public comments on July 26, 2024,
beginning at 10:30 a.m. CDT.
Individuals wishing to present public
comments should contact Ms. Linda
Picon, M.C.D., Designated Federal
Officer, Veterans Health Administration
at Linda.Picon@va.gov or at 202–870–
1155 no later than close of business on
July 12, 2024. Only the first 4 members
E:\FR\FM\03JYN1.SGM
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]]>Agencies
[Federal Register Volume 89, Number 128 (Wednesday, July 3, 2024)]
[Notices]
[Pages 55308-55309]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-14643]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Collection Activities; Requesting Comments on Form 637 and
IRS Notice 2023-06, IRS Notice 2024-06, Notice 2024-37, IRS Notice
2024-49
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 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 637, Application for Registration (For Certain Excise
Tax Activities) and Questionnaires and IRS Notice 2023-06, IRS Notice
2024-06, Notice 2024-37, and IRS Notice 2024-49.
DATES: Written comments should be received on or before September 3,
2024 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 OMB Control No.
1545-1835 in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to Jason Schoonmaker,
(801) 620-2128, at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at [email protected].
SUPPLEMENTARY INFORMATION: The IRS is currently seeking comments
concerning the following information collection tools, reporting, and
record-keeping requirements:
Title: Application for Registration (For Certain Excise Tax
Activities) and Questionnaires; IRS Notice 2023-06; IRS Notice 2024-06;
IRS Notice 2024-37; IRS Notice 2024-49.
OMB Number: 1545-1835.
Form Number: Form 637.
Guidance Number: IRS Notice 2023-06, IRS Notice 2024-06, IRS Notice
2024-37, and IRS Notice 2024-49.
Abstract: Form 637 is used to apply for excise tax registration.
The registration applies to a person required to be registered under
Internal Revenue Code (IRC) section 4101 for purposes of the Federal
excise tax on taxable fuel imposed under IRC sections 4041 and 4081;
other persons required to be registered by IRC section 4101 for certain
fuel activities for tax credits; certain manufacturers or sellers and
purchasers required to be registered by IRC section 4222 to be exempt
from the excise tax on taxable articles; certain persons required to be
registered by IRC section 4662 to be exempt from the excise tax on
taxable chemicals; and certain persons required to be registered by IRC
section 4682 to be exempt from the excise tax on ozone-depleting
chemicals. The data from Form 637 is used to determine if the applicant
qualifies for registration.
IRS Notice 2023-26 provides guidance on the new sustainable
aviation fuel credits under IRC sections 40B and 6426(k) and related
credit and payment rules under IRC sections
[[Page 55309]]
34(a)(3), 38, 87, and 6427(e)(1) (SAF credit). This notice also
provides rules related to the section 4101 registration requirements.
The certificate, reseller statement, and declaration created by IRS
Notice 2023-06 will allow the IRS to verify that claimants are making
proper credit and payment claims with respect to the SAF credit.
IRS Notice 2024-06 allows taxpayers to use the Renewable Fuel
Standard (RFS) methodology to calculate the amount of the SAF credit.
IRS Notice 2024-06 updated the certificate to include the RFS
methodology.
IRS Notice 2024-37 allows taxpayers to use the 40BSAF-GREET 2024
methodology to calculate the amount of the SAF credit. IRS Notice 2024-
37 also allows use of domestic corn and soybean grown using climate
smart agriculture pursuant to a program called the U.S. Department of
Agriculture (USDA) Climate Smart Agriculture (CSA) Pilot Program (USDA
CSA Pilot Program) to be considered in determining the amount of the
SAF credit. If all the elements are met, the registered producer can
increase the emissions reduction, allowing for a larger amount of the
SAF credit.
IRS Notice 2024-49 provides guidance on the registration
requirements under IRC sections 45Z and 4101 for the clean fuel
production credit. Section 45Z(f)(1)(A)(i)(I) provides that no clean
fuel production credit shall be determined with respect to any
transportation fuel unless the taxpayer is registered as a producer of
clean fuel under section 4101 at the time of production. IRS Notice
2024-49 provides guidance on the time, form, and manner of such
registration. IRS Notice 2024-49 provides that applicants will use Form
637 to apply for registration with the IRS and can apply for Activity
Letter ``CN'' (for a producer of clean transportation fuel which is not
SAF), or Activity Letter ``CA'' (for a producer of clean transportation
fuel which is SAF), or both, in accordance with the instructions
provided in the notice until Form 637 is updated.
Current Actions: IRS Notice 2024-37 has added a new certificate,
revised the certificate from Notice 2024-06, and included new
recordkeeping requirements. IRS Notice 2024-49 is revising Form 637 to
add new activity codes and activity letters to be requested on Form
637.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or households, Business or other for-
profit, and not-for-profit entities.
Estimated Number of Responses: 9,949.
Estimated Time per Response: varies, from 30 minutes up to 13 hours
30 minutes.
Estimated Total Annual Burden Hours: 32,344.
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: June 28, 2024.
Jason M. Schoonmaker,
Tax Analyst.
[FR Doc. 2024-14643 Filed 7-2-24; 8:45 am]
BILLING CODE 4830-01-P
