Agency Information Collection Activities; Submission for OMB Review; Comment Request; Form 637 Application for Registration and Questionnaires, 88112-88113 [2024-25779]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES 88112 Federal Register / Vol. 89, No. 215 / Wednesday, November 6, 2024 / Notices returns or to furnish payee statement from Internal Revenue Code penalties for failure to file correct information returns or furnish correct payee statements. The statutory safe harbor rules treat information returns and payee statements with erroneous dollar amounts as correct returns or statements for certain penalty purposes if the errors are de minimis in dollar amount. The final regulations also prescribe the time and manner in which a payee may elect not to have the statutory safe harbor rules apply. The collection of information will be the election, revocation of the election, notification of the election, and specified record retention regarding these actions. The collection is necessary for the effective operation of the exception and election. Respondents are payees or filers. Current Actions: There is no change to the collection requirements since the previous OMB approval. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or Households. Estimated Number of Responses: 16,123,292. Estimated Time per Response: 4 minutes. Estimated Total Annual Burden Hours: 1,074,886. 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, VerDate Sep<11>2014 16:22 Nov 05, 2024 Jkt 265001 maintenance, and purchase of services to provide information. Notice 2024–37, and IRS Notice 2024– 49. Abstract: Form 637 is used to apply Approved: October 28, 2024. for excise tax registration. The Martha R. Brinson, registration applies to a person required Tax Analyst. to be registered under Internal Revenue [FR Doc. 2024–25719 Filed 11–5–24; 8:45 am] Code (IRC) section 4101 for purposes of BILLING CODE 4830–01–P the Federal excise tax on taxable fuel imposed under IRC sections 4041 and 4081; other persons required to be DEPARTMENT OF THE TREASURY registered by IRC section 4101 for certain fuel activities for tax credits; Agency Information Collection certain manufacturers or sellers and Activities; Submission for OMB purchasers required to be registered by Review; Comment Request; Form 637 IRC section 4222 to be exempt from the Application for Registration and excise tax on taxable articles; certain Questionnaires persons required to be registered by IRC section 4662 to be exempt from the AGENCY: Departmental Offices, U.S. excise tax on taxable chemicals; and Department of the Treasury. certain persons required to be registered ACTION: Notice. by IRC section 4682 to be exempt from SUMMARY: The Internal Revenue Service, the excise tax on ozone-depleting chemicals. The data from Form 637 is as part of its continuing effort to reduce used to determine if the applicant paperwork and respondent burden, qualifies for registration. invites the general public and other IRS Notice 2023–26 provides federal agencies to take this opportunity guidance on the new sustainable to comment on proposed and/or aviation fuel credits under IRC sections continuing information collections, as 40B and 6426(k) and related credit and required by the Paperwork Reduction payment rules under IRC sections Act of 1995. The IRS is soliciting 34(a)(3), 38, 87, and 6427(e)(1) (SAF comments concerning Form 637, credit). This notice also provides rules Application for Registration (For Certain related to the section 4101 registration Excise Tax Activities) and requirements. The certificate, reseller Questionnaires and IRS Notice 2023–06, statement, and declaration created by IRS Notice 2024–06, Notice 2024–37, IRS Notice 2023–06 will allow the IRS and IRS Notice 2024–49. to verify that claimants are making DATES: Comments should be received on proper credit and payment claims with or before December 6, 2024 to be respect to the SAF credit. assured of consideration. IRS Notice 2024–06 allows taxpayers to use the Renewable Fuel Standard ADDRESSES: Written comments and (RFS) methodology to calculate the recommendations for the proposed amount of the SAF credit. IRS Notice information collection should be sent 2024–06 updated the certificate to within 30 days of publication of this include the RFS methodology. notice to www.reginfo.gov/public/do/ IRS Notice 2024–37 allows taxpayers PRAMain. Find this particular to use the 40BSAF–GREET 2024 information collection by selecting ‘‘Currently under 30-day Review—Open methodology to calculate the amount of the SAF credit. IRS Notice 2024–37 also for Public Comments’’ or by using the allows use of domestic corn and search function. soybean grown using climate smart FOR FURTHER INFORMATION CONTACT: agriculture pursuant to a program called Copies of the submissions may be the U.S. Department of Agriculture obtained from Melody Braswell by (USDA) Climate Smart Agriculture emailing PRA@treasury.gov, calling (CSA) Pilot Program (USDA CSA Pilot (202) 622–1035, or viewing the entire Program) to be considered in information collection request at determining the amount of the SAF www.reginfo.gov. credit. If all the elements are met, the SUPPLEMENTARY INFORMATION: registered producer can increase the emissions reduction, allowing for a Internal Revenue Service (IRS) larger amount of the SAF credit. Title: Application for Registration (For IRS Notice 2024–49 provides Certain Excise Tax Activities) and guidance on the registration Questionnaires; IRS Notice 2023–06; requirements under IRC sections 45Z IRS Notice 2024–06; IRS Notice 2024– and 4101 for the clean fuel production 37; IRS Notice 2024–49. credit. Section 45Z(f)(1)(A)(i)(I) provides OMB Number: 1545–1835. that no clean fuel production credit Form Number: Form 637—IRS Notice shall be determined with respect to any transportation fuel unless the taxpayer 2023–06, IRS Notice 2024–06, IRS PO 00000 Frm 00114 Fmt 4703 Sfmt 4703 E:\FR\FM\06NON1.SGM 06NON1 Federal Register / Vol. 89, No. 215 / Wednesday, November 6, 2024 / Notices khammond on DSKJM1Z7X2PROD with NOTICES 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 VerDate Sep<11>2014 16:22 Nov 05, 2024 Jkt 265001 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. PO 00000 Frm 00115 Fmt 4703 Sfmt 9990 88113 Estimated Number of Responses: 9,949. Estimated Time per Response: Varies, 30 minutes to 14 hours. Estimated Total Annual Burden Hours: 32,344. Authority: 44 U.S.C. 3501 et seq. Melody Braswell, Treasury PRA Clearance Officer. [FR Doc. 2024–25779 Filed 11–5–24; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\06NON1.SGM 06NON1

Agencies

DEPARTMENT OF THE TREASURY

[Federal Register Volume 89, Number 215 (Wednesday, November 6, 2024)]
[Notices]
[Pages 88112-88113]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-25779]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Form 637 Application for Registration and 
Questionnaires

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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

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: Comments should be received on or before December 6, 2024 to be 
assured of consideration.

ADDRESSES: 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.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Melody Braswell by emailing [email protected], calling 
(202) 622-1035, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    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--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 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

[[Page 88113]]

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, 30 minutes to 14 hours.
    Estimated Total Annual Burden Hours: 32,344.
    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2024-25779 Filed 11-5-24; 8:45 am]
BILLING CODE 4830-01-P

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