Notice2023-20057
Proposed Collection; Comment Request for Notice 2023-18, Qualified Advanced Energy Project 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
September 18, 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. Currently, the IRS is soliciting comments concerning Notice 2023-18, Qualified Advanced Energy Project Credit.
Full Text
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<title>Federal Register, Volume 88 Issue 179 (Monday, September 18, 2023)</title>
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[Federal Register Volume 88, Number 179 (Monday, September 18, 2023)]
[Notices]
[Page 64025]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-20057]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Notice 2023-18,
Qualified Advanced Energy Project 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
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995. Currently, the IRS is soliciting
comments concerning Notice 2023-18, Qualified Advanced Energy Project
Credit.
DATES: Written comments should be received on or before November 17,
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#8bfbf9eaa5e8e4e6e6eee5fff8cbe2f9f8a5ece4fd"><span class="__cf_email__" data-cfemail="c2b2b0a3eca1adafafa7acb6b182abb0b1eca5adb4">[email protected]</span></a>. Include OMB Control No.
1545-2151 in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to Andres Garcia, 202-317-
4542, 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#3f5e515b4d5a4c11585e4d5c565e7f564d4c11585049"><span class="__cf_email__" data-cfemail="fb9a959f899e88d59c9a8998929abb928988d59c948d">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Qualifying Advanced Energy Project Credit.
OMB Number: 1545-2151.
Notice Numbers: Notice 2023-18.
Abstract: This notice establishes the program under Sec. 48C(e)(1)
of the Internal Revenue Code to allocate $10 billion of credits ($4
billion of which may only be allocated to projects located in certain
energy communities) for qualified investments in eligible qualifying
advanced energy projects (Sec. 48C(e) program). A qualifying advanced
energy project re-equips, expands, or establishes a manufacturing
facility for the production of certain energy related property. A
taxpayer must submit, for each qualifying advanced energy project: (1)
a concept paper for Department of Energy (DOE) consideration and (2) a
Sec. 48C(e) application (consisting of (i) an application for DOE
recommendation and (ii) an application for Sec. 48C(e) certification).
To be eligible to claim any Sec. 48C credits allocated to a project
under the Sec. 48C(e) program, a taxpayer must also provide to DOE (1)
evidence establishing that a project satisfies the certification
requirements specified in Notice 2023-18 and (2) a notification that
the project has been placed in service.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. This notice is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit.
Concept Papers
Estimated Number of Respondents: 2,500.
Estimated Average Time per Respondent: 2.2667 hrs. (136 minutes).
Estimated Total Annual Burden Hours: 5,667 hrs.
Application Process
Estimated Number of Respondents: 2,500.
Estimated Average Time per Respondent: 10.4333 hrs. (626 minutes).
Estimated Total Annual Burden Hours: 26,083 hrs.
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 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: September 12, 2023.
Andres Garcia Leon,
Supervisory Tax Analyst.
[FR Doc. 2023-20057 Filed 9-15-23; 8:45 am]
BILLING CODE 4830-01-P
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