Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request Concerning Information Reporting for Form 7210
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Abstract
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the 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 new Form 7210, Clean Hydrogen Production Credit.
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<title>Federal Register, Volume 88 Issue 221 (Friday, November 17, 2023)</title>
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[Federal Register Volume 88, Number 221 (Friday, November 17, 2023)]
[Notices]
[Pages 80386-80387]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-25377]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request Concerning Information Reporting
for Form 7210
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 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 new Form 7210, Clean Hydrogen Production Credit.
DATES: Written comments should be received on or before January 16,
2024 to be assured of consideration.
ADDRESSES: Direct all written comments to Andr[eacute]s Garcia,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or by email to <a href="/cdn-cgi/l/email-protection#28585a49064b4745454d465c5b68415a5b064f475e"><span class="__cf_email__" data-cfemail="aadad8cb84c9c5c7c7cfc4ded9eac3d8d984cdc5dc">[email protected]</span></a>. Please
include, ``OMB Number: 1545-New, Form 7210--Public Comment Request
Notice'' in the Subject line.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to LaNita Van
Dyke, at (202) 317-3009, 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#97dbf6f9fee3f6b9c1f6f9d3eefcf2d7fee5e4b9f0f8e1"><span class="__cf_email__" data-cfemail="206c414e4954410e76414e64594b45604952530e474f56">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Clean Hydrogen Production Credit.
OMB Number: 1545-New.
Form Project Number: Form 7210.
Abstract: Section 13204 of the Inflation Reduction Act of 2022 (IRA
2022), Public Law 117-169, created the new clean hydrogen production
credit in new Internal Revenue Code section 45V. For 2023 and
subsequent years, new Form 7210 will be used to claim the credit. The
clean hydrogen production credit provides a per-kilogram (kg) credit
for qualified clean hydrogen produced at a qualified clean hydrogen
facility. This form is attached to 2023 tax returns.
Current Actions: This is a request for new OMB approval.
Type of Review: New Form.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 50.
Estimated Time per Respondent: 5.47 hours.
Estimated Total Annual Burden Hours: 274.
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.
[[Page 80387]]
Desired Focus of Comments: The Internal Revenue Service (IRS) is
particularly interested in comments that:
<bullet> Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility.
<bullet> Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used.
<bullet> Enhance the quality, utility, and clarity of the
information to be collected; and
<bullet> Minimize the burden of the collection of information on
those who are to respond, including using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Approved: November 13, 2023.
Molly J Stasko,
Senior Tax Analyst.
[FR Doc. 2023-25377 Filed 11-16-23; 8:45 am]
BILLING CODE 4830-01-P
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