Notice2022-09695
Credit for Renewable Electricity Production and Publication of Inflation Adjustment Factor and Reference Price for Calendar Year 2022; Correction
Primary source
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Published
May 6, 2022
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document contains corrections to a publication of the inflation adjustment factor and reference price for calendar year 2022 as required by section 45(e)(2)(A) of the Internal Revenue Code that was published in the Federal Register on April 14, 2022. The 2022 inflation adjustment factor and reference price are used in determining the availability of the credit for renewable electricity production.
Full Text
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<title>Federal Register, Volume 87 Issue 88 (Friday, May 6, 2022)</title>
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[Federal Register Volume 87, Number 88 (Friday, May 6, 2022)]
[Notices]
[Pages 27204-27205]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-09695]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Credit for Renewable Electricity Production and Publication of
Inflation Adjustment Factor and Reference Price for Calendar Year 2022;
Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction notice.
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SUMMARY: This document contains corrections to a publication of the
inflation adjustment factor and reference price for calendar year 2022
as required by section 45(e)(2)(A) of the Internal Revenue Code that
was published in the Federal Register on April 14, 2022. The 2022
inflation adjustment factor and reference price are used in determining
the availability of the credit for renewable electricity production.
FOR FURTHER INFORMATION CONTACT: Charles Hyde, CC:PSI:6, Internal
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224,
(202) 317-6853 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The publication of the inflation adjustment factor and reference
price for calendar year 2022 as required by section 45(e)(2)(A) of the
Internal Revenue Code (26 U.S.C. 45(e)(2)(A)) that is the subject of
this correction is under section 45 of the Internal Revenue Code.
Need for Correction
As published, the notice of the publication of the inflation
adjustment factor and reference price for calendar year 2022 as
required by section 45(e)(2)(A) of the Internal Revenue Code (26 U.S.C.
45(e)(2)(A)) contains errors that may prove to be misleading and are in
need of clarification.
Correction of Publication
Accordingly, the publication of the inflation adjustment factor and
reference price for calendar year 2022 as required by section
45(e)(2)(A) of the Internal Revenue Code (26 U.S.C. 45(e)(2)(A)), that
is the subject of FR Doc. 2022-07967, is corrected as follows:
On Page 22286, column 1, under the title ``Inflation Adjustment
Factor'', the last line of the paragraph, the language ``is 1.8012.''
is corrected to read ``is 1.7593.''.
On Page 22286, column 2, line 6 from the top of the page, the
language ``factor (1.8012), the phaseout of the'' is corrected to read
``factor (1.7593), the phaseout of the''.
On Page 22286, column 2, under the title ``Credit Amount by
Qualified Energy Resource and Facility'', line 11 from the bottom of
the paragraph, the language ``is 2.7 cents per kilowatt hour on the
sale'' is corrected to read ``is 2.6 cents per kilowatt hour on the
sale''.
On Page 22286, column 2, under the title ``Credit Amount by
Qualified Energy Resource and Facility'', line 7 from the bottom of the
paragraph, the language ``energy, and 1.4 cents per
[[Page 27205]]
kilowatt hour'' is corrected to read ``energy, and 1.3 cents per
kilowatt hour''.
Oluwafunmilayo A. Taylor,
Branch Chief, Publications and Regulations Branch, Legal Processing
Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2022-09695 Filed 5-5-22; 8:45 am]
BILLING CODE 4830-01-P
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</html>Indexed from Federal Register on May 6, 2022.
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