[Federal Register Volume 83, Number 60 (Wednesday, March 28, 2018)]
[Notices]
[Page 13346]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-06236]


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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.

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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