Notice2024-22455
Proposed Collection; Comment Request for Form 8864
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
October 1, 2024
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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Form 8864, Biodiesel, Renewable Diesel, or Sustainable Aviation Fuels Credit.
Full Text
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<title>Federal Register, Volume 89 Issue 190 (Tuesday, October 1, 2024)</title>
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[Federal Register Volume 89, Number 190 (Tuesday, October 1, 2024)]
[Notices]
[Page 80017]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-22455]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8864
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
information collections, as required by the Paperwork Reduction Act of
1995. The IRS is soliciting comments concerning Form 8864, Biodiesel,
Renewable Diesel, or Sustainable Aviation Fuels Credit.
DATES: Written comments should be received on or before December 2,
2024 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#38484a59165b5755555d564c4b78514a4b165f574e"><span class="__cf_email__" data-cfemail="87f7f5e6a9e4e8eaeae2e9f3f4c7eef5f4a9e0e8f1">[email protected]</span></a> Include OMB control number
1545-1924 or Form 8864 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 Molly Stasko,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or at (202) 317-6206 or through the internet at
<a href="/cdn-cgi/l/email-protection#bcf1d3d0d0c592f692efc8ddcfd7d3fcd5cecf92dbd3ca"><span class="__cf_email__" data-cfemail="9dd0f2f1f1e4b3d7b3cee9fceef6f2ddf4efeeb3faf2eb">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Biodiesel, Renewable Diesel, or Sustainable Aviation Fuels
Credit.
OMB Number: 1545-1924.
Form Number: 8864.
Abstract: The Inflation Reduction Act of 2022 (IRA 2022) extended
the section 40A biodiesel and renewable diesel fuels credit. The credit
consists of the biodiesel credit, renewable diesel credit, biodiesel
mixture credit, renewable diesel mixture credit and small Agri-
biodiesel producer credit. IRA 2022 created a sustainable aviation fuel
credit under section 40B. Claim the credit for the tax year in which
the sale or use occurs. Partnership, S Corporations, Cooperatives,
estates, and trusts must file this form to claim the credit.
Current Actions: There are no changes to form at this time, however
the agency has updated the estimated number of responses based on the
most recent filing data.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit.
Estimated Number of Respondents: 4417.
Estimated Time per Respondent: 4 hrs., 13 mins.
Estimated Total Annual Burden Hours: 18,640.
The following paragraph applies to all 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 25, 2024.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2024-22455 Filed 9-30-24; 8:45 am]
BILLING CODE 4830-01-P
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