[Federal Register Volume 89, Number 215 (Wednesday, November 6, 2024)]
[Notices]
[Pages 88112-88113]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-25779]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Form 637 Application for Registration and
Questionnaires
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
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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. The IRS is soliciting comments
concerning Form 637, Application for Registration (For Certain Excise
Tax Activities) and Questionnaires and IRS Notice 2023-06, IRS Notice
2024-06, Notice 2024-37, and IRS Notice 2024-49.
DATES: Comments should be received on or before December 6, 2024 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Melody Braswell by emailing [email protected], calling
(202) 622-1035, or viewing the entire information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: Application for Registration (For Certain Excise Tax
Activities) and Questionnaires; IRS Notice 2023-06; IRS Notice 2024-06;
IRS Notice 2024-37; IRS Notice 2024-49.
OMB Number: 1545-1835.
Form Number: Form 637--IRS Notice 2023-06, IRS Notice 2024-06, IRS
Notice 2024-37, and IRS Notice 2024-49.
Abstract: Form 637 is used to apply for excise tax registration.
The registration applies to a person required to be registered under
Internal Revenue Code (IRC) section 4101 for purposes of the Federal
excise tax on taxable fuel imposed under IRC sections 4041 and 4081;
other persons required to be registered by IRC section 4101 for certain
fuel activities for tax credits; certain manufacturers or sellers and
purchasers required to be registered by IRC section 4222 to be exempt
from the excise tax on taxable articles; certain persons required to be
registered by IRC section 4662 to be exempt from the excise tax on
taxable chemicals; and certain persons required to be registered by IRC
section 4682 to be exempt from the excise tax on ozone-depleting
chemicals. The data from Form 637 is used to determine if the applicant
qualifies for registration.
IRS Notice 2023-26 provides guidance on the new sustainable
aviation fuel credits under IRC sections 40B and 6426(k) and related
credit and payment rules under IRC sections 34(a)(3), 38, 87, and
6427(e)(1) (SAF credit). This notice also provides rules related to the
section 4101 registration requirements. The certificate, reseller
statement, and declaration created by IRS Notice 2023-06 will allow the
IRS to verify that claimants are making proper credit and payment
claims with respect to the SAF credit.
IRS Notice 2024-06 allows taxpayers to use the Renewable Fuel
Standard (RFS) methodology to calculate the amount of the SAF credit.
IRS Notice 2024-06 updated the certificate to include the RFS
methodology.
IRS Notice 2024-37 allows taxpayers to use the 40BSAF-GREET 2024
methodology to calculate the amount of the SAF credit. IRS Notice 2024-
37 also allows use of domestic corn and soybean grown using climate
smart agriculture pursuant to a program called the U.S. Department of
Agriculture (USDA) Climate Smart Agriculture (CSA) Pilot Program (USDA
CSA Pilot Program) to be considered in determining the amount of the
SAF credit. If all the elements are met, the registered producer can
increase the emissions reduction, allowing for a larger amount of the
SAF credit.
IRS Notice 2024-49 provides guidance on the registration
requirements under IRC sections 45Z and 4101 for the clean fuel
production credit. Section 45Z(f)(1)(A)(i)(I) provides that no clean
fuel production credit shall be determined with respect to any
transportation fuel unless the taxpayer
[[Page 88113]]
is registered as a producer of clean fuel under section 4101 at the
time of production. IRS Notice 2024-49 provides guidance on the time,
form, and manner of such registration. IRS Notice 2024-49 provides that
applicants will use Form 637 to apply for registration with the IRS and
can apply for Activity Letter ``CN'' (for a producer of clean
transportation fuel which is not SAF), or Activity Letter ``CA'' (for a
producer of clean transportation fuel which is SAF), or both, in
accordance with the instructions provided in the notice until Form 637
is updated.
Current Actions: IRS Notice 2024-37 has added a new certificate,
revised the certificate from Notice 2024-06, and included new
recordkeeping requirements. IRS Notice 2024-49 is revising Form 637 to
add new activity codes and activity letters to be requested on Form
637.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or households, Business or other for-
profit, and not-for-profit entities.
Estimated Number of Responses: 9,949.
Estimated Time per Response: Varies, 30 minutes to 14 hours.
Estimated Total Annual Burden Hours: 32,344.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2024-25779 Filed 11-5-24; 8:45 am]
BILLING CODE 4830-01-P