[Federal Register Volume 88, Number 57 (Friday, March 24, 2023)]
[Notices]
[Page 17929]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-06025]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 2023-24, Credit 
for Production of Electricity From Advanced Nuclear Power Facilities

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Internal Revenue Service, 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 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995. The IRS is soliciting comments 
concerning Notice 2023-24, Credit for Production of Electricity from 
Advanced Nuclear Power Facilities.

DATES: Written comments should be received on or before May 23, 2023 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]. Please reference the 
information collection's ``OMB Control Number: 1545-2000'' or Notice 
2023-24, in the Subject line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the notice should be directed to Sara Covington (202) 317-
5744, at Internal Revenue Service, room 6526, 1111 Constitution Avenue 
NW, Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Notice 2023-24 Credit for Production of Electricity from 
Advanced Nuclear Power Facilities.
    OMB Number: 1545-2000.
    Abstract: This notice obsoletes notice 2013-68, which superseded 
notice 2006-40, and provides the time and manner for certain taxpayer 
to apply for an allocation of the national megawatt capacity limitation 
under Sec.  45J of the Internal Revenue Code. Additionally, this notice 
provides the election procedure for a qualified public entity to 
transfer the credit to an eligible project partner. The information 
collected for that procedure will be used to determine the portion of 
the Sec.  45J credits to which an eligible project partner is entitled. 
An eligible project partner will use the election statement to claim 
the Sec.  45J credits. The likely respondents are corporations and 
partnerships.
    Current Actions: The title and burden estimates have changed from 
OMB previously approved submission.
    Type of Review: Reinstatement with change of a previously approved 
collection.
    Affected Public: Businesses and other for-profit organizations.
    Estimated Number of Respondents: 80.
    Estimated Time per Respondent: 5.07 hours.
    Estimated Total Annual Burden Hours: 406.
    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. All 
comments will become a matter 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 shall have 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 respondents, including through the use of automated 
collection techniques 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: March 20, 2023.
Molly J. Stasko,
IRS Tax Analyst.
[FR Doc. 2023-06025 Filed 3-23-23; 8:45 am]
BILLING CODE 4830-01-P