[Federal Register Volume 84, Number 73 (Tuesday, April 16, 2019)]
[Notices]
[Page 15677]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-07557]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Publication of Nonconventional Source Production Credit Reference 
Price for Calendar Year 2018

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 2018.

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 2018 applies for purposes of sections 43, 45I, 
and 613A for taxable year 2019.
    Reference Price: The reference price under section 45K(d)(2)(C) for 
calendar year 2018 is $61.41.

Christopher T. Kelley,
Special Counsel, (Passthroughs and Special Industries).
[FR Doc. 2019-07557 Filed 4-15-19; 8:45 am]
 BILLING CODE 4830-01-P