82 FR 17521 - Publication of Nonconventional Source Production Credit Reference Price for Calendar Year 2016

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 68 (April 11, 2017)

Publication of the reference price for the nonconventional source production credit for calendar year 2016.

[Federal Register Volume 82, Number 68 (Tuesday, April 11, 2017)]
[Notices]
[Pages 17521-17522]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-07262]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Publication of Nonconventional Source Production Credit Reference 
Price for Calendar Year 2016

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice.

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SUMMARY: Publication of the reference price for the nonconventional 
source production credit for calendar year 2016.

FOR FURTHER INFORMATION CONTACT: Martha Garcia, CC:PSI:6, Internal 
Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224, 
Telephone Number (202) 317-6853 (not a toll-free number).

SUPPLEMENTARY INFORMATION: The credit period for nonconventional source 
production credit ended on December 31, 2013 for facilities producing 
coke or coke gas (other than from petroleum based products). However, 
the reference price continues to apply in determining the amount of the 
enhanced oil recovery credit under section 43 of title 26 of the U.S.C. 
the marginal well production credit under section 45I of title 26 of 
the U.S.C., and the percentage depletion in case of oil and natural gas 
produced from marginal properties under section 613A of title 26 of the 
U.S.C.
    The reference price under section 45K(d)(2)(C) of title 26 of the 
U.S.C. for calendar year 2016 applies for purposes of sections 43, 45I, 
and 613A for taxable year 2017.

[[Page 17522]]

    Reference Price: The reference price under section 45K(d)(2)(C) for 
calendar year 2016 is $38.29.

Christopher T. Kelley,
Acting Deputy Associate Chief Counsel (Passthroughs and Special 
Industries).
[FR Doc. 2017-07262 Filed 4-10-17; 8:45 am]
 BILLING CODE 4830-01-P