83 FR 13346 - Credit for Indian Coal Production and Inflation Adjustment Factor for Calendar Year 2017
DEPARTMENT OF THE TREASURY
Internal Revenue Service Federal Register Volume 83, Issue 60 (March 28, 2018)
Internal Revenue Service
Federal Register Volume 83, Issue 60 (March 28, 2018)
| Page Range | 13346-13346 | |
| FR Document | 2018-06236 |
[Federal Register Volume 83, Number 60 (Wednesday, March 28, 2018)] [Notices] [Page 13346] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-06236] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service Credit for Indian Coal Production and Inflation Adjustment Factor for Calendar Year 2017 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Publication of inflation adjustment factor for Indian coal production for calendar year 2017. ----------------------------------------------------------------------- SUMMARY: The 2017 inflation adjustment factor is used in determining the availability of the credit for Indian coal production under section 45. Section 40408 of Division A of the Bipartisan Budget Act of 2018 extends the credit period for the Indian coal production credit from an 11-year period beginning on January 1, 2006, to a 12-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, 2016. DATES: The 2017 inflation adjustment factor applies to calendar year 2017 sales of Indian coal produced in the United States or a possession thereof. Inflation Adjustment Factor: The inflation adjustment factor for calendar year 2017 for Indian coal is 1.2115. 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 2017 under section 45(e)(10)(B) is $2.423 per ton on the sale of Indian coal. FOR FURTHER INFORMATION CONTACT: Phil Tiegerman, 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. 2018-06236 Filed 3-27-18; 8:45 am] BILLING CODE 4830-01-P
![13346 Federal Register / Vol. 83, No. 60 / Wednesday, March 28, 2018 / Notices
amended, is responsible for or complicit in, 40408 of Division A of the Bipartisan ADDRESSES: Direct all written comments
or has engaged in, directly or indirectly, Budget Act of 2018 extends the credit to Laurie Brimmer, Internal Revenue
cyber-enabled activities originating from, or period for the Indian coal production Service, Room 6526, 1111 Constitution
directed by persons located, in whole or in
credit from an 11-year period beginning Avenue NW, Washington, DC 20224.
substantial part, outside the United States
that are reasonably likely to result in, or have on January 1, 2006, to a 12-year period FOR FURTHER INFORMATION CONTACT:
materially contributed to, a significant threat beginning on January 1, 2006. This Requests for additional information or
to the national security, foreign policy, or provision is effective for coal produced copies of the form and instructions
economic health or financial stability of the in the United States or a possession should be directed to Sandra Lowery at
United States and that have the purpose or thereof after December 31, 2016. Internal Revenue Service, Room 6526,
effect of causing a significant 1111 Constitution Avenue NW,
DATES: The 2017 inflation adjustment
misappropriation of funds or economic
resources, trade secrets, personal identifiers, factor applies to calendar year 2017 Washington, DC 20224, or at (202) 317–
or financial information for commercial or sales of Indian coal produced in the 5754 or through the internet, at
competitive advantage or private financial United States or a possession thereof. Sandra.J.Lowery@irs.gov.
gain. Inflation Adjustment Factor: The SUPPLEMENTARY INFORMATION:
Entity: inflation adjustment factor for calendar Title: Request for Copy of Tax Return.
year 2017 for Indian coal is 1.2115. OMB Number: 1545–0429.
1. MABNA INSTITUTE, Mirdamad, Naft
Jonubi, Taban Alley, Plaque 2⁄1, Unit 102, Credit Amount for Indian Coal: As Form Number: Form 4506.
Tehran, Iran; East Shahid Hemmat Highway, required by section 45(e)(10)(B)(ii), the Abstract: Internal Revenue Code
North Emam Ali Highway, East Artesh $2.00 amount in section 45(e)(10)(B)(i) section 7513 allows taxpayers to request
Highway, Town of Qa’em, Banafsheh Street, is adjusted by multiplying such amount a copy of a tax return or related
Second Door, Plaque 2, Tehran, Iran; by the inflation adjustment factor for the documents. Form 4506 is used for this
Ansariyeh Boulevard, 6th Bustan, Plaque calendar year. Under the calculation purpose. The information provided will
488, 4515736541, Zanjan, Iran; Additional be used for research to locate the tax
required by section 45(e)(10)(B)(ii), the
Sanctions Information—Subject to Secondary form and to ensure that the requestor is
Sanctions [CYBER2]. credit for Indian coal production for
calendar year 2017 under section the taxpayer or someone authorized by
Designated pursuant to section 1(a)(ii)(D)
of Executive Order 13694 of April 1, 2015, 45(e)(10)(B) is $2.423 per ton on the sale the taxpayer to obtain the documents
‘‘Blocking the Property of Certain Persons of Indian coal. requested.
Engaging in Significant Malicious Cyber- Current Actions: There are no changes
FOR FURTHER INFORMATION CONTACT: Phil
Enabled Activities’’ (E.O. 13694), as being made to the form at this time.
amended, is responsible for or complicit in,
Tiegerman, CC:PSI:6, Internal Revenue Type of Review: Extension of a
or has engaged in, directly or indirectly, Service, 1111 Constitution Avenue NW, currently approved collection.
cyber-enabled activities originating from, or Washington, DC 20224, (202) 317–6853 Affected Public: Business or other for-
directed by persons located, in whole or in (not a toll-free number). profit organizations, individuals or
substantial part, outside the United States households, farms, and Federal, state,
Christopher T. Kelley
that are reasonably likely to result in, or have
materially contributed to, a significant threat Special Counsel to the Associate Chief local, or tribal governments.
to the national security, foreign policy, or Counsel (Passthroughs and Special Estimated Number of Respondents:
economic health or financial stability of the Industries). 325,000.
United States and that have the purpose or [FR Doc. 2018–06236 Filed 3–27–18; 8:45 am] Estimated Time Per Respondent: 48
effect of causing a significant BILLING CODE 4830–01–P min.
misappropriation of funds or economic Estimated Total Annual Burden
resources, trade secrets, personal identifiers, Hours: 260,000.
or financial information for commercial or DEPARTMENT OF THE TREASURY The following paragraph applies to all
competitive advantage or private financial of the collections of information covered
gain. Internal Revenue Service by this notice:
Dated: March 23, 2018. An agency may not conduct or
John E. Smith, Proposed Collection; Comment sponsor, and a person is not required to
Director, Office of Foreign Assets Control.
Request for Form 4506 respond to, a collection of information
[FR Doc. 2018–06216 Filed 3–27–18; 8:45 am] AGENCY: Internal Revenue Service (IRS), unless the collection of information
BILLING CODE 4810–AL–P Treasury. displays a valid OMB control number.
Books or records relating to a collection
ACTION: Notice and request for of information must be retained as long
DEPARTMENT OF THE TREASURY comments. as their contents may become material
in the administration of any internal
Internal Revenue Service SUMMARY: The Internal Revenue Service,
revenue law. Generally, tax returns and
as part of its continuing effort to reduce
tax return information are confidential,
Credit for Indian Coal Production and paperwork and respondent burden,
as required by 26 U.S.C. 6103.
Inflation Adjustment Factor for invites the general public and other
Request for Comments: Comments
Calendar Year 2017 Federal agencies to take this
submitted in response to this notice will
opportunity to comment on proposed
AGENCY: Internal Revenue Service (IRS), be summarized and/or included in the
and/or continuing information
Treasury. request for OMB approval. All
collections, as required by the
ACTION: Publication of inflation comments will become a matter of
daltland on DSKBBV9HB2PROD with NOTICES
Paperwork Reduction Act of 1995. The
adjustment factor for Indian coal public record. Comments are invited on:
IRS is soliciting comments concerning
production for calendar year 2017. (a) Whether the collection of
Form 4506, Request for Copy of Tax
information is necessary for the proper
Return.
SUMMARY: The 2017 inflation adjustment performance of the functions of the
factor is used in determining the DATES: Written comments should be agency, including whether the
availability of the credit for Indian coal received on or before May 29, 2018 to information shall have practical utility;
production under section 45. Section be assured of consideration. (b) the accuracy of the agency’s estimate
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Document Created: 2018-11-01 08:55:40
Document Modified: 2018-11-01 08:55:40
| 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 2017. | |
| Dates | The 2017 inflation adjustment factor applies to calendar year 2017 sales of Indian coal produced in the United States or a possession thereof. | |
| Contact | Phil Tiegerman, CC:PSI:6, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224, (202) 317-6853 (not a toll-free number). | |
| FR Citation | 83 FR 13346 |
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