[Federal Register Volume 61, Number 70 (Wednesday, April 10, 1996)] [Notices] [Page 16031] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 96-8935] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service Nonconventional Source Fuel Credit; Publication of Inflation Adjustment Factor, Nonconventional Source Fuel Credit, and Reference Price for Calendar Year 1995 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Publication of inflation adjustment factor, nonconventional source fuel credit, and reference price for calendar year 1995 as required by section 29 of the Internal Revenue Code (26 U.S.C. section 29). ----------------------------------------------------------------------- SUMMARY: The inflation adjustment factor, nonconventional source fuel credit, and reference price are used in determining the tax credit allowable on the production of fuel from nonconventional sources under section 29. DATES: The 1995 inflation adjustment factor, nonconventional source fuel credit, and reference price apply to qualified fuels sold during calendar year 1995. INFLATION FACTOR: The inflation adjustment factor for calendar year 1995 is 1.9439. CREDIT: The nonconventional source fuel credit for calendar year 1995 is $5.83 per barrel-of-oil equivalent of qualified fuels. PRICE: The reference price for calendar year 1995 is $14.62. (This is a republication of the reference price previously reported in 61 FR 13919 on March 28, 1996.) Because this reference price does not exceed $23.50 multiplied by the inflation adjustment factor, the phaseout of credit provided for in section 29(b)(1) does not occur for any qualified fuel sold in calendar year 1995. FOR FURTHER INFORMATION CONTACT: For the inflation factor and credit--Thomas Thompson, CP:R:R:AR:E, Internal Revenue Service, 1111 Constitution Ave., NW., Washington, DC 20224, Telephone Number (202) 874-0585 (not a toll-free number). For the reference price--David McMunn, CC:DOM:P&SI:6, Internal Revenue Service, 1111 Constitution Ave., NW., Washington, DC 20224, Telephone Number (202) 622-3110 (not a toll-free number). Daniel J. Wiles, Acting Associate Chief Counsel (Domestic). [FR Doc. 96-8935 Filed 4-9-96; 8:45 am] BILLING CODE 4830-01-P