81 FR 3238 - Credit for Indian Coal Production and Inflation Adjustment Factor for Calendar Year 2015
DEPARTMENT OF THE TREASURY
Internal Revenue Service Federal Register Volume 81, Issue 12 (January 20, 2016)
Internal Revenue Service
Federal Register Volume 81, Issue 12 (January 20, 2016)
| Page Range | 3238-3238 | |
| FR Document | 2016-00894 |
[Federal Register Volume 81, Number 12 (Wednesday, January 20, 2016)] [Notices] [Page 3238] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-00894] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service Credit for Indian Coal Production and Inflation Adjustment Factor for Calendar Year 2015 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Publication of inflation adjustment factor for Indian coal production for calendar year 2015 under section 45(e)(10)(B) (26 U.S.C. 45(e)(10)(B)) of the Internal Revenue Code. ----------------------------------------------------------------------- SUMMARY: The 2015 inflation adjustment factor is used in determining the availability of the credit for Indian coal production under section 45. Section 186 of Division Q of the Consolidated Appropriations Act, 2016 (Pub. L. 114-113) extends the credit period for the Indian coal production credit from a 9-year period beginning on January 1, 2006, to an 11-year period beginning on January 1, 2006. This provision is effective for coal produced in the United States or a possession thereof after December 31, 2014. DATES: The 2015 inflation adjustment factor applies to calendar year 2015 sales of Indian coal produced in the United States or a possession thereof. Inflation Adjustment Factor: The inflation adjustment factor for calendar year 2015 for Indian coal is 1.1772. Credit Amount for Indian Coal: As required by section 45(e)(10)(B)(ii), the $2.00 amount in section 45(e)(10)(B)(i) is adjusted by multiplying such amount by the inflation adjustment factor for the calendar year. Under the calculation required by section 45(e)(10)(B)(ii), the credit for Indian coal production for calendar year 2015 under section 45(e)(10)(B) is $2.354 per ton on the sale of Indian coal. FOR FURTHER INFORMATION CONTACT: Jennifer A. Records, CC:PSI:6, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224, (202) 317-6853 (not a toll-free number). Christopher T. Kelley, Special Counsel to the Associate Chief Counsel, (Passthroughs and Special Industries). [FR Doc. 2016-00894 Filed 1-19-16; 8:45 am] BILLING CODE 4830-01-P
![3238 Federal Register / Vol. 81, No. 12 / Wednesday, January 20, 2016 / Notices
collection of information set forth in (d) Ways to minimize the burden of Avenue NW., Washington, DC 20224,
this document. information collections on respondents, (202) 317–6853 (not a toll-free number).
The OCC is proposing to extend OMB including through the use of automated
Christopher T. Kelley,
approval of the following information collection techniques or other forms of
collection: information technology; and Special Counsel to the Associate Chief
Counsel, (Passthroughs and Special
Title: Securities Exchange Act (e) Estimates of capital or start up
Industries).
Disclosure Rules and Securities of costs and costs of operation,
[FR Doc. 2016–00894 Filed 1–19–16; 8:45 am]
Federal Savings Associations. maintenance, and purchase of services
OMB Control No.: 1557–0106. BILLING CODE 4830–01–P
to provide information.
Description: This submission covers Dated: January 13, 2016.
an existing regulation and involves no
Mary H. Gottlieb, DEPARTMENT OF THE TREASURY
change to the regulation or to the
Regulatory Specialist, Office of the
information collection requirements. Internal Revenue Service
Comptroller of the Currency.
The OCC requests only that OMB
[FR Doc. 2016–00883 Filed 1–19–16; 8:45 am]
approve its revised estimates. Proposed Collection; Comment
BILLING CODE 4810–33–P
The Securities and Exchange Request for Revenue Procedure 2003–
Commission (SEC) is required by statute 39
to collect, in accordance with its
DEPARTMENT OF THE TREASURY AGENCY: Internal Revenue Service (IRS),
regulations, certain information and
documents from any firm that is Internal Revenue Service Treasury.
required to register its stock with the ACTION: Notice and request for
SEC.1 Federal law requires the OCC to Credit for Indian Coal Production and comments.
apply similar regulations to any national Inflation Adjustment Factor for
bank or Federal savings association Calendar Year 2015 SUMMARY: The Department of the
similarly required to be registered (those Treasury, as part of its continuing effort
with a class of equity securities held by AGENCY: Internal Revenue Service (IRS), to reduce paperwork and respondent
2,000 or more shareholders).2 Treasury. burden, invites the general public and
12 CFR part 11 ensures that a national ACTION: Publication of inflation other Federal agencies to take this
bank or Federal savings association adjustment factor for Indian coal opportunity to comment on proposed
whose securities are subject to production for calendar year 2015 under and/or continuing information
registration provides adequate section 45(e)(10)(B) (26 U.S.C. collections, as required by the
information about its operations to 45(e)(10)(B)) of the Internal Revenue Paperwork Reduction Act of 1995,
current and potential shareholders, Code. Public Law 104–13 (44 U.S.C.
depositors, and the public. The OCC 3506(c)(2)(A)). Currently, the IRS is
SUMMARY: The 2015 inflation adjustment soliciting comments concerning
reviews the information to ensure that it factor is used in determining the
complies with Federal law and makes Revenue Procedure 2003–39, section
availability of the credit for Indian coal 1031 LKE (Like-Kind Exchanges) Auto
public all information required to be production under section 45. Section
filed under the rule. Investors, Leasing Programs.
186 of Division Q of the Consolidated
depositors, and the public use the DATES: Written comments should be
Appropriations Act, 2016 (Pub. L. 114–
information to make informed 113) extends the credit period for the received on or before March 21, 2016 to
investment decisions. Indian coal production credit from a 9- be assured of consideration.
Type of Review: Extension of a year period beginning on January 1, ADDRESSES: Direct all written comments
currently approved collection. 2006, to an 11-year period beginning on to Michael A. Joplin, Internal Revenue
Affected Public: Individuals; Service, Room 6129, 1111 Constitution
January 1, 2006. This provision is
Businesses or other for-profit. Avenue NW., Washington, DC 20224.
effective for coal produced in the United
Frequency of Response: On occasion.
States or a possession thereof after FOR FURTHER INFORMATION CONTACT:
Estimated Number of Respondents:
December 31, 2014. Requests for additional information or
10.
DATES: The 2015 inflation adjustment copies of the revenue procedure should
Estimated Total Annual Burden: 116.
Comments submitted in response to factor applies to calendar year 2015 be directed to Martha R. Brinson,
this notice will be summarized and sales of Indian coal produced in the Internal Revenue Service, Room 6129,
included in the submission to OMB. United States or a possession thereof. 1111 Constitution Avenue NW.,
Comments are requested on: Inflation Adjustment Factor: The Washington, DC 20224, or through the
(a) Whether the information inflation adjustment factor for calendar Internet at Martha.R.Brinson@irs.gov.
collections are necessary for the proper year 2015 for Indian coal is 1.1772. SUPPLEMENTARY INFORMATION:
performance of the OCC’s functions, Credit Amount for Indian Coal: As Title: Section 1031 LKE (Like-Kind
including whether the information has required by section 45(e)(10)(B)(ii), the Exchanges) Auto Leasing Programs.
practical utility; $2.00 amount in section 45(e)(10)(B)(i) OMB Number: 1545–1834.
(b) The accuracy of the OCC’s is adjusted by multiplying such amount Revenue Procedure Number: Revenue
estimates of the burden of the by the inflation adjustment factor for the Procedure 2003–39.
information collections, including the calendar year. Under the calculation Abstract: Revenue Procedure 2003–39
validity of the methodology and required by section 45(e)(10)(B)(ii), the provides safe harbors for certain aspects
tkelley on DSK4VPTVN1PROD with NOTICES
assumptions used; credit for Indian coal production for of the qualification under § 1031 of
(c) Ways to enhance the quality, calendar year 2015 under section certain exchanges of property pursuant
utility, and clarity of the information to 45(e)(10)(B) is $2.354 per ton on the sale to LKE Programs for federal income tax
be collected; of Indian coal. purposes.
FOR FURTHER INFORMATION CONTACT: Current Actions: There are no changes
1 15 U.S.C. 78m(a)(1). Jennifer A. Records, CC:PSI:6, Internal being made to the revenue procedure at
2 15 U.S.C. 78l(i). Revenue Service, 1111 Constitution this time.
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Document Created: 2016-01-19 23:43:41
Document Modified: 2016-01-19 23:43:41
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Publication of inflation adjustment factor for Indian coal production for calendar year 2015 under section 45(e)(10)(B) (26 U.S.C. 45(e)(10)(B)) of the Internal Revenue Code. | |
| Dates | The 2015 inflation adjustment factor applies to calendar year 2015 sales of Indian coal produced in the United States or a possession thereof. | |
| Contact | Jennifer A. Records, CC:PSI:6, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224, (202) 317-6853 (not a toll-free number). | |
| FR Citation | 81 FR 3238 |
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