[Federal Register Volume 87, Number 88 (Friday, May 6, 2022)]
[Notices]
[Pages 27204-27205]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-09695]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Credit for Renewable Electricity Production and Publication of 
Inflation Adjustment Factor and Reference Price for Calendar Year 2022; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction notice.

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SUMMARY: This document contains corrections to a publication of the 
inflation adjustment factor and reference price for calendar year 2022 
as required by section 45(e)(2)(A) of the Internal Revenue Code that 
was published in the Federal Register on April 14, 2022. The 2022 
inflation adjustment factor and reference price are used in determining 
the availability of the credit for renewable electricity production.

FOR FURTHER INFORMATION CONTACT: Charles Hyde, CC:PSI:6, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224, 
(202) 317-6853 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The publication of the inflation adjustment factor and reference 
price for calendar year 2022 as required by section 45(e)(2)(A) of the 
Internal Revenue Code (26 U.S.C. 45(e)(2)(A)) that is the subject of 
this correction is under section 45 of the Internal Revenue Code.

Need for Correction

    As published, the notice of the publication of the inflation 
adjustment factor and reference price for calendar year 2022 as 
required by section 45(e)(2)(A) of the Internal Revenue Code (26 U.S.C. 
45(e)(2)(A)) contains errors that may prove to be misleading and are in 
need of clarification.

Correction of Publication

    Accordingly, the publication of the inflation adjustment factor and 
reference price for calendar year 2022 as required by section 
45(e)(2)(A) of the Internal Revenue Code (26 U.S.C. 45(e)(2)(A)), that 
is the subject of FR Doc. 2022-07967, is corrected as follows:
    On Page 22286, column 1, under the title ``Inflation Adjustment 
Factor'', the last line of the paragraph, the language ``is 1.8012.'' 
is corrected to read ``is 1.7593.''.
    On Page 22286, column 2, line 6 from the top of the page, the 
language ``factor (1.8012), the phaseout of the'' is corrected to read 
``factor (1.7593), the phaseout of the''.
    On Page 22286, column 2, under the title ``Credit Amount by 
Qualified Energy Resource and Facility'', line 11 from the bottom of 
the paragraph, the language ``is 2.7 cents per kilowatt hour on the 
sale'' is corrected to read ``is 2.6 cents per kilowatt hour on the 
sale''.
    On Page 22286, column 2, under the title ``Credit Amount by 
Qualified Energy Resource and Facility'', line 7 from the bottom of the 
paragraph, the language ``energy, and 1.4 cents per

[[Page 27205]]

kilowatt hour'' is corrected to read ``energy, and 1.3 cents per 
kilowatt hour''.

Oluwafunmilayo A. Taylor,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2022-09695 Filed 5-5-22; 8:45 am]
BILLING CODE 4830-01-P