Notice2022-09620
Proposed Collection; Comment Request for Notice 2009-52
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 5, 2022
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Election of Investment Tax Credit in Lieu of Production Tax Credit; Coordination With Department of Treasury Grants for Specified Energy Property in Lieu of Tax Credits.
Full Text
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<title>Federal Register, Volume 87 Issue 87 (Thursday, May 5, 2022)</title>
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[Federal Register Volume 87, Number 87 (Thursday, May 5, 2022)]
[Notices]
[Page 26803]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-09620]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Notice 2009-52
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act
of 1995. The IRS is soliciting comments concerning Election of
Investment Tax Credit in Lieu of Production Tax Credit; Coordination
With Department of Treasury Grants for Specified Energy Property in
Lieu of Tax Credits.
DATES: Written comments should be received on or before July 5, 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 <a href="/cdn-cgi/l/email-protection#600f0d024e150e0914200912134e070f16"><span class="__cf_email__" data-cfemail="caa5a7a8e4bfa4a3be8aa3b8b9e4ada5bc">[email protected]</span></a>. Include ``OMB Number 1545-2145-
Election of Investment Tax Credit in Lieu of Production Tax Credit;
Coordination With Department of Treasury Grants for Specified Energy
Property in Lieu of Tax Credits'' in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to Martha R. Brinson, at
(202) 317-5753, or at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at <a href="/cdn-cgi/l/email-protection#337e5241475b521d611d71415a5d405c5d735a41401d545c45"><span class="__cf_email__" data-cfemail="2865495a5c4049067a066a5a41465b474668415a5b064f475e">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Election of Investment Tax Credit in Lieu of Production Tax
Credit; Coordination With Department of Treasury Grants for Specified
Energy Property in Lieu of Tax Credits.
OMB Number: 1545-2145.
Notice Number: 2009-52.
Abstract: This notice provides a description of the procedures that
taxpayers will be required to follow to make an irrevocable election to
take the investment tax credit for energy property under Sec. 48 of
the Internal Revenue Code in lieu of the production tax credit under
Sec. 45. This election was created by the American Recovery and
Reinvestment Act of 2009, H.R. 1, 123 STAT. 115 (the Act), which was
enacted on February 17, 2009. This notice includes information about
election procedures and the documentation required to complete the
election. The notice also discusses the coordination of this
irrevocable election with an election to take a Department of Treasury
grant for specified energy property.
Current Actions: There is no change in the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 100.
Estimated Time per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 100 hours.
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, maintenance, and purchase of
services to provide information.
Approved: April 25, 2022.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2022-09620 Filed 5-4-22; 8:45 am]
BILLING CODE 4830-01-P
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