[Federal Register Volume 88, Number 179 (Monday, September 18, 2023)]
[Notices]
[Page 64025]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-20057]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 2023-18, 
Qualified Advanced Energy Project Credit

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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. Currently, the IRS is soliciting 
comments concerning Notice 2023-18, Qualified Advanced Energy Project 
Credit.

DATES: Written comments should be received on or before November 17, 
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]. Include OMB Control No. 
1545-2151 in the subject line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be directed to Andres Garcia, 202-317-
4542, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue 
NW, Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Qualifying Advanced Energy Project Credit.
    OMB Number: 1545-2151.
    Notice Numbers: Notice 2023-18.
    Abstract: This notice establishes the program under Sec.  48C(e)(1) 
of the Internal Revenue Code to allocate $10 billion of credits ($4 
billion of which may only be allocated to projects located in certain 
energy communities) for qualified investments in eligible qualifying 
advanced energy projects (Sec.  48C(e) program). A qualifying advanced 
energy project re-equips, expands, or establishes a manufacturing 
facility for the production of certain energy related property. A 
taxpayer must submit, for each qualifying advanced energy project: (1) 
a concept paper for Department of Energy (DOE) consideration and (2) a 
Sec.  48C(e) application (consisting of (i) an application for DOE 
recommendation and (ii) an application for Sec.  48C(e) certification). 
To be eligible to claim any Sec.  48C credits allocated to a project 
under the Sec.  48C(e) program, a taxpayer must also provide to DOE (1) 
evidence establishing that a project satisfies the certification 
requirements specified in Notice 2023-18 and (2) a notification that 
the project has been placed in service.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB. This notice is being submitted for renewal 
purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.

Concept Papers

    Estimated Number of Respondents: 2,500.
    Estimated Average Time per Respondent: 2.2667 hrs. (136 minutes).
    Estimated Total Annual Burden Hours: 5,667 hrs.

Application Process

    Estimated Number of Respondents: 2,500.
    Estimated Average Time per Respondent: 10.4333 hrs. (626 minutes).
    Estimated Total Annual Burden Hours: 26,083 hrs.
    The following paragraph applies to all 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: September 12, 2023.
Andres Garcia Leon,
Supervisory Tax Analyst.
[FR Doc. 2023-20057 Filed 9-15-23; 8:45 am]
BILLING CODE 4830-01-P