Proposed Rule2023-13247
Advanced Manufacturing Investment Credit; Hearing
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
June 22, 2023
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document provides a notice of public hearing on proposed regulations to implement the advanced manufacturing investment credit established by the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022 to incentivize the manufacture of semiconductors and semiconductor manufacturing equipment within the United States.
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 119 (Thursday, June 22, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 119 (Thursday, June 22, 2023)]
[Proposed Rules]
[Page 40725]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-13247]
========================================================================
Proposed Rules
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
========================================================================
Federal Register / Vol. 88, No. 119 / Thursday, June 22, 2023 /
Proposed Rules
[[Page 40725]]
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-120653-22]
RIN 1545-BQ54
Advanced Manufacturing Investment Credit; Hearing
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of proposed rulemaking; notice of hearing.
-----------------------------------------------------------------------
SUMMARY: This document provides a notice of public hearing on proposed
regulations to implement the advanced manufacturing investment credit
established by the Creating Helpful Incentives to Produce
Semiconductors (CHIPS) Act of 2022 to incentivize the manufacture of
semiconductors and semiconductor manufacturing equipment within the
United States.
DATES: The public hearing on this proposed regulation has been
scheduled for Wednesday, July 26, 2023, at 10 a.m. EST. The IRS must
receive speakers' outlines of the topics to be discussed at the public
hearing by Friday, July 7, 2023. If no outlines are received by Friday,
July 7, 2023, the public hearing will be cancelled.
ADDRESSES: The public hearing is being held in the Auditorium, at the
Internal Revenue Service Building, 1111 Constitution Avenue NW,
Washington, DC. Due to security procedures, visitors must enter at the
Constitution Avenue entrance. In addition, all visitors must present a
valid photo identification to enter the building. Because of access
restrictions, visitors will not be admitted beyond the immediate
entrance area more than 30 minutes before the hearing starts.
Participants may alternatively attend the public hearing by telephone.
Send submissions to CC:PA:LPD:PR (REG-120653-22), Room 5205,
Internal Revenue Service, P.O. Box 7604, Ben Franklin Station,
Washington, DC 20044. Submissions may be hand delivered Monday through
Friday to CC:PA:LPD:PR (REG-120653-22), Couriers Desk, Internal Revenue
Service, 1111 Constitution Avenue NW, Washington, DC 20224 or sent
electronically via the Federal eRulemaking Portal at
<a href="http://www.regulations.gov">www.regulations.gov</a> (IRS REG-120653-22) (preferred).
FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations,
Lani M. Sinfield of the Office of Associate Chief Counsel (Passthroughs
and Special Industries) at (202) 317-4137 (not a toll-free number);
concerning submissions of comments, the hearing and/or to be placed on
the building access list to attend the public hearing, Vivian Hayes at
(202) 317-6901 (not a toll-free number) or by email to
<a href="/cdn-cgi/l/email-protection#f38386919f9a909b9692819a9d9480b39a8180dd949c85"><span class="__cf_email__" data-cfemail="760603141a1f151e1317041f181105361f040558111900">[email protected]</span></a> (preferred).
SUPPLEMENTARY INFORMATION: The subject of the public hearing is the
notice of proposed rulemaking (REG-120653-22) that was published in the
Federal Register on Thursday, March 23, 2023, (88 FR 17451).
The rules of 26 CFR 601.601(a)(3) apply to the hearing. Persons who
wish to present oral comments at the hearing must submit an outline of
the topics to be discussed and the time to be devoted to each topic by
July 7, 2023.
A period of 10 minutes will be allotted to each person for making
comments. An agenda showing the scheduling of the speakers will be
prepared after the deadline for receiving outlines has passed. Copies
of the agenda will be available free of charge at the hearing, and via
the Federal eRulemaking Portal (www.Regulations.gov) under the title of
Supporting & Related Material. If no outline of the topics to be
discussed at the hearing is received by July 7, 2023, the public
hearing will be cancelled. If the public hearing is cancelled, a notice
of cancellation of the public hearing will be published in the Federal
Register.
Individuals who want to testify in person at the public hearing
must send an email to <a href="/cdn-cgi/l/email-protection#562623343a3f353e3337243f383125163f242578313920"><span class="__cf_email__" data-cfemail="037376616f6a606b6662716a6d6470436a71702d646c75">[email protected]</span></a> to have your name added to
the building access list. The subject line of the email must contain
the regulation number REG-120653-22 and the language TESTIFY In Person.
For example, the subject line may say: Request to TESTIFY In Person at
Hearing for REG-120653-22.
Individuals who want to testify by telephone at the public hearing
must send an email to <a href="/cdn-cgi/l/email-protection#4b3b3e29272228232e2a3922252c380b223938652c243d"><span class="__cf_email__" data-cfemail="ef9f9a8d83868c878a8e9d8681889caf869d9cc1888099">[email protected]</span></a> to receive the telephone
number and access code for the hearing. The subject line of the email
must contain the regulation number REG-120653-22 and the language
TESTIFY Telephonically. For example, the subject line may say: Request
to TESTIFY Telephonically at Hearing for REG-120653-22.
Individuals who want to attend the public hearing in person without
testifying must also send an email to <a href="/cdn-cgi/l/email-protection#ea9a9f88868389828f8b9883848d99aa839899c48d859c"><span class="__cf_email__" data-cfemail="f8888d9a94919b909d998a91969f8bb8918a8bd69f978e">[email protected]</span></a> to have
your name added to the building access list. The subject line of the
email must contain the regulation number REG-120653-22 and the language
ATTEND In Person. For example, the subject line may say: Request to
ATTEND Hearing In Person for REG-120653-22. Requests to attend the
public hearing must be received by 5:00 p.m. EST by Monday, July 24,
2023.
Individuals who want to attend the public hearing by telephone
without testifying must also send an email to <a href="/cdn-cgi/l/email-protection#760603141a1f151e1317041f181105361f040558111900"><span class="__cf_email__" data-cfemail="f28287909e9b919a9793809b9c9581b29b8081dc959d84">[email protected]</span></a> to
receive the telephone number and access code for the hearing. The
subject line of the email must contain the regulation number REG-
120653-22 and the language ATTEND Hearing Telephonically. For example,
the subject line may say: Request to ATTEND Hearing Telephonically for
REG-120653-22. Requests to attend the public hearing must be received
by 5 p.m. EST by Monday, July 24, 2023.
Hearings will be made accessible to people with disabilities. To
request special assistance during a hearing please contact the
Publications and Regulations Branch of the Office of Associate Chief
Counsel (Procedure and Administration) by sending an email to
<a href="/cdn-cgi/l/email-protection#a8d8ddcac4c1cbc0cdc9dac1c6cfdbe8c1dadb86cfc7de"><span class="__cf_email__" data-cfemail="700005121c191318151102191e1703301902035e171f06">[email protected]</span></a> (preferred) or by telephone at (202) 317-6901
(not a toll-free number) by Friday, July 21, 2023. Any questions
regarding speaking at or attending a public hearing may also be emailed
to <a href="/cdn-cgi/l/email-protection#3c4c495e50555f54595d4e55525b4f7c554e4f125b534a"><span class="__cf_email__" data-cfemail="94e4e1f6f8fdf7fcf1f5e6fdfaf3e7d4fde6e7baf3fbe2">[email protected]</span></a>.
Oluwafunmilayo A. Taylor,
Branch Chief, Publications and Regulations Branch, Legal Processing
Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2023-13247 Filed 6-21-23; 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 June 22, 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.