Notice2023-09124
Proposed Collection; Comment Request for the Advanced Manufacturing Production Credit
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 1, 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 continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning the advanced manufacturing production credit.
Full Text
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<title>Federal Register, Volume 88 Issue 83 (Monday, May 1, 2023)</title>
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[Federal Register Volume 88, Number 83 (Monday, May 1, 2023)]
[Notices]
[Page 26654]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-09124]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for the Advanced
Manufacturing Production Credit
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning the
advanced manufacturing production credit.
DATES: Written comments should be received on or before June 30, 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#334341521d505c5e5e565d4740735a41401d545c45"><span class="__cf_email__" data-cfemail="9eeeecffb0fdf1f3f3fbf0eaeddef7ecedb0f9f1e8">[email protected]</span></a>. Please reference the
information collection's ``OMB number 1545-2306 or Form number 7207''
in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
or copies of the form and instructions 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#e596849784cb89cb868a938c8b82918a8ba58c9796cb828a93"><span class="__cf_email__" data-cfemail="ef9c8e9d8ec183c18c80998681889b8081af869d9cc1888099">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Advanced Manufacturing Production Credit.
OMB Number: 1545-2306.
Form Number: Form 7207.
Abstract: This form is used to claim the advanced manufacturing
production credit under section 45x for eligible components produced by
the taxpayer and sold during the tax year in the taxpayer's trade or
business to an unrelated person.
Current Actions: IRS is making revisions to the form and
instructions to include Inflation Reduction Act of 2022 provisions for
Tax Year 2024.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 1,000.
Estimated Time per Respondent: 3 hrs and 56 mins.
Estimated Total Annual Burden Hours: 3,930 hours.
The following paragraph applies to all 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 if 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: April 25, 2023.
Andres Garcia Leon,
Supervisory Tax Analyst.
[FR Doc. 2023-09124 Filed 4-28-23; 8:45 am]
BILLING CODE 4830-01-P
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