[Federal Register Volume 81, Number 129 (Wednesday, July 6, 2016)]
[Notices]
[Page 44091]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-15936]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Publication of Nonconventional Source Production Credit Reference 
Price for Calendar Year 2015

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 2015. 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, the marginal well production credit under section 45I, and 
the percentage depletion in case of oil and natural gas produced from 
marginal properties under section 613A.

DATES: The reference price under section 45K(d)(2)(C) for calendar year 
2015 applies for purposes of sections 43, 45I, and 613A for taxable 
year 2016.
    Reference Price: The reference price under section 45K(d)(2)(C) for 
calendar year 2015 is $44.39.

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).

Christopher T. Kelley,
Special Counsel to the Associate Chief Counsel, (Passthroughs and 
Special Industries).
[FR Doc. 2016-15936 Filed 7-5-16; 8:45 am]
 BILLING CODE 4830-01-P