[Federal Register Volume 87, Number 87 (Thursday, May 5, 2022)]
[Notices]
[Page 26803]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-09620]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 2009-52

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service (IRS), as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning Election of 
Investment Tax Credit in Lieu of Production Tax Credit; Coordination 
With Department of Treasury Grants for Specified Energy Property in 
Lieu of Tax Credits.

DATES: Written comments should be received on or before July 5, 2022 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Andres Garcia, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224, or by email to [email protected]. Include ``OMB Number 1545-2145-
Election of Investment Tax Credit in Lieu of Production Tax Credit; 
Coordination With Department of Treasury Grants for Specified Energy 
Property in Lieu of Tax Credits'' in the subject line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be directed to Martha R. Brinson, at 
(202) 317-5753, or at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Election of Investment Tax Credit in Lieu of Production Tax 
Credit; Coordination With Department of Treasury Grants for Specified 
Energy Property in Lieu of Tax Credits.
    OMB Number: 1545-2145.
    Notice Number: 2009-52.
    Abstract: This notice provides a description of the procedures that 
taxpayers will be required to follow to make an irrevocable election to 
take the investment tax credit for energy property under Sec.  48 of 
the Internal Revenue Code in lieu of the production tax credit under 
Sec.  45. This election was created by the American Recovery and 
Reinvestment Act of 2009, H.R. 1, 123 STAT. 115 (the Act), which was 
enacted on February 17, 2009. This notice includes information about 
election procedures and the documentation required to complete the 
election. The notice also discusses the coordination of this 
irrevocable election with an election to take a Department of Treasury 
grant for specified energy property.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations.
    Estimated Number of Respondents: 100.
    Estimated Time per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 100 hours.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. 
Comments will be of public record. Comments are invited on: (a) Whether 
the collection of information is necessary for the proper performance 
of the functions of the agency, including whether the information has 
practical utility; (b) the accuracy of the agency's estimate of the 
burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information to be collected; (d) 
ways to minimize the burden of the collection of information on or 
other forms of information technology; and (e) estimates of capital or 
start-up costs and costs of operation, maintenance, and purchase of 
services to provide information.

    Approved: April 25, 2022.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2022-09620 Filed 5-4-22; 8:45 am]
BILLING CODE 4830-01-P