Notice2023-06025
Proposed Collection; Comment Request for Notice 2023-24, Credit for Production of Electricity From Advanced Nuclear Power Facilities
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
March 24, 2023
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
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 Notice 2023-24, Credit for Production of Electricity from Advanced Nuclear Power Facilities.
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 57 (Friday, March 24, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 57 (Friday, March 24, 2023)]
[Notices]
[Page 17929]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-06025]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Notice 2023-24, Credit
for Production of Electricity From Advanced Nuclear Power Facilities
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 Notice 2023-24, Credit for Production of Electricity from
Advanced Nuclear Power Facilities.
DATES: Written comments should be received on or before May 23, 2023 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#215153400f424e4c4c444f5552614853520f464e57"><span class="__cf_email__" data-cfemail="710103105f121e1c1c141f0502311803025f161e07">[email protected]</span></a>. Please reference the
information collection's ``OMB Control Number: 1545-2000'' or Notice
2023-24, in the Subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the notice should be directed to Sara Covington (202) 317-
5744, 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#b7c4d6c5d699db99d4d8c1ded9d0c3d8d9f7dec5c499d0d8c1"><span class="__cf_email__" data-cfemail="7704160516591b591418011e1910031819371e050459101801">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Notice 2023-24 Credit for Production of Electricity from
Advanced Nuclear Power Facilities.
OMB Number: 1545-2000.
Abstract: This notice obsoletes notice 2013-68, which superseded
notice 2006-40, and provides the time and manner for certain taxpayer
to apply for an allocation of the national megawatt capacity limitation
under Sec. 45J of the Internal Revenue Code. Additionally, this notice
provides the election procedure for a qualified public entity to
transfer the credit to an eligible project partner. The information
collected for that procedure will be used to determine the portion of
the Sec. 45J credits to which an eligible project partner is entitled.
An eligible project partner will use the election statement to claim
the Sec. 45J credits. The likely respondents are corporations and
partnerships.
Current Actions: The title and burden estimates have changed from
OMB previously approved submission.
Type of Review: Reinstatement with change of a previously approved
collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 80.
Estimated Time per Respondent: 5.07 hours.
Estimated Total Annual Burden Hours: 406.
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: March 20, 2023.
Molly J. Stasko,
IRS Tax Analyst.
[FR Doc. 2023-06025 Filed 3-23-23; 8:45 am]
BILLING CODE 4830-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on March 24, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.