Proposed Rule2024-00496

Definition of Energy Property and Rules Applicable to the Energy Credit; Correction

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
January 12, 2024

Issuing agencies

Treasury DepartmentInternal Revenue Service

Abstract

This document corrects a notice of proposed rulemaking (REG- 132569-17) published in the Federal Register on November 22, 2023, containing proposed regulations that would amend the regulations relating to the energy credit for the taxable year in which eligible energy property is placed in service.

Full Text

<html>
<head>
<title>Federal Register, Volume 89 Issue 9 (Friday, January 12, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 9 (Friday, January 12, 2024)]
[Proposed Rules]
[Pages 2182-2183]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-00496]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-132569-17]
RIN 1545-BO40


Definition of Energy Property and Rules Applicable to the Energy 
Credit; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking; correction.

-----------------------------------------------------------------------

SUMMARY: This document corrects a notice of proposed rulemaking (REG-
132569-17) published in the Federal Register on November 22, 2023, 
containing proposed regulations that would amend the regulations 
relating to the energy credit for the taxable year in which eligible 
energy property is placed in service.

DATES: Written or electronic comments are still being accepted and must 
be received by January 22, 2024. The public hearing on these proposed 
regulations is scheduled to be held on February 20, 2024, at 10 a.m. 
ET. Requests to speak and outlines of topics to be discussed at the 
public hearing must be received by January 22, 2024.

ADDRESSES: Commenters are strongly encouraged to submit public comments 
electronically. Submit electronic submissions via the Federal 
eRulemaking Portal at <a href="https://www.regulations.gov">https://www.regulations.gov</a> (indicate IRS and 
REG-132569-17). Once submitted to the Federal eRulemaking Portal, 
comments cannot be edited or withdrawn. The Department of the Treasury 
(the Treasury Department) and the IRS will publish for public 
availability any comment submitted to its public docket. Send paper 
submissions to: CC:PA:01:PR (REG-132569-17), Room 5203, Internal 
Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 
20044.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
Office of Associate Chief Counsel (Passthroughs & Special Industries) 
at (202) 317-6853 (not a toll-free number); concerning submissions of 
comments or the public hearing, Vivian Hayes, (202) 317-6901 (not toll-
free number) or by email to <a href="/cdn-cgi/l/email-protection#720207101e1b111a1713001b1c1501321b00015c151d04"><span class="__cf_email__" data-cfemail="78080d1a14111b101d190a11161f0b38110a0b561f170e">[email&#160;protected]</span></a> (preferred).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking (REG-132569-17) that is the 
subject of this correction is under section 48 of the Internal Revenue 
Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-132569-17) 
contains errors that need to be corrected.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-132569-17), 
which was the subject of FR Doc. 2023-25539, published on November 22, 
2023, at 88 FR 82188 is corrected:


Sec.  1.48-9   [Corrected]

0
1. On page 82214, the third column, the third line of paragraph 
(f)(2)(ii)(A) is corrected to read, ``paragraph (f)(2)(ii)(B) of this 
section,''.


Sec.  1.48-13  [Corrected]

0
2. On page 82218, the first column, the third line of paragraph (e)(1) 
is corrected to read, ``generating energy property, use the''.
0
3. On page 82218, the first column, the fourth line of paragraph (e)(2) 
is corrected to read, ``9(e)(10)(ii)), use the storage device's''.


Sec.  1.48-14   [Corrected]

0
4. On page 82219, the second column, the tenth line of paragraph (c)(2) 
is corrected to read, ``paragraph (f)(8) of this section, in no''.
0
5. On page 82220, the second column, the fifth line from the bottom of 
paragraph (f)(2)(i) is corrected to read, ``used as an integral part 
(as defined in''.
0
6. On page 82221, the second column, first line of paragraph (f)(6)(i) 
is corrected to read, ``or any successor form(s), filed with its''.
0
7. On page 82221, the second column, the eighth line from the bottom of

[[Page 2183]]

paragraph (f)(6)(i) is corrected to read, ``(f)(4) of this section to 
be treated as a''.
0
8. On page 82221, the second column, eleventh line of paragraph 
(f)(6)(ii) is corrected to read, ``any successor form(s), filed with 
its timely''.
0
9. On page 82222, the first column, the seventh line from the bottom of 
paragraph (g)(3)(ii) is corrected to read, ``property. Paragraphs 
(g)(3)(ii)(A) and (B)''.
0
10. On page 82222, the first column, the third line of paragraph 
(g)(3)(ii)(A) is corrected to read, ``generating energy property, use 
the''.


Sec.  1.6418-5  [Corrected]

0
11. On page 82223, the second column, paragraph (f)(1), the fourth line 
from the bottom of the column is corrected to read, ``described in 
Sec.  1.48-13(c)(5)), such''.
0
12. On page 82223, the third column, the last line of paragraph (f)(2) 
is corrected to read, ``defined in Sec.  1.48-13(c)(4).''.
0
13. On page 82223, the third column, the last line of paragraph (f)(3) 
is corrected to read, ``13(c)(3)(ii).''.

Oluwafunmilayo A. Taylor,
Section Chief, Publications and Regulations Section, Associate Chief 
Counsel, (Procedure and Administration).
[FR Doc. 2024-00496 Filed 1-11-24; 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 January 12, 2024.

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.