United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2023_register executive 2023-07-24 article Rules and Regulations D09002ee1c79b3b4d D09002ee1c79b3bf3 United States Department of the Treasury originator org United States Government Agency or Subagency United States Internal Revenue Service originator org United States Government Agency or Subagency This document contains temporary regulations setting forth mandatory information and registration requirements for taxpayers planning to make an elective payment election under the Inflation Reduction Act of 2022 and the CHIPS Act of 2022 to treat the amount of certain tax credits as a payment of Federal income tax, or in the case of a partnership or S corporation, to receive a payment in the amount of such credits. This document also contains temporary regulations setting forth mandatory information and registration requirements for taxpayers planning to make an election to transfer certain Federal income tax credits under the Inflation Reduction Act of 2022. These temporary regulations affect tax-exempt organizations, State and local governments, Indian tribal governments, Alaska Native Corporations, the Tennessee Valley Authority, rural electric cooperatives, and, in the case of three credits, certain taxpayers eligible to elect the elective payment of credit amounts in a taxable year under section 6417 of the Internal Revenue Code (Code). These temporary regulations also affect taxpayers eligible to make an elective payment election instead of claiming the advanced manufacturing investment credit under section 48D of the Code. These temporary regulations further affect taxpayers eligible to elect to transfer certain Federal income tax credits under section 6418 of the Code. 88 FR 40086 https://www.govinfo.gov/app/details/FR-2023-06-21/2023-12797 2023-12797 fr21jn23-13 RIN 1545-BQ76 4830-01-P TD 9975 https://www.govinfo.gov/app/details/FR-2023-06-21/2023-12797 https://www.govinfo.gov/content/pkg/FR-2023-06-21/html/2023-12797.htm https://www.govinfo.gov/content/pkg/FR-2023-06-21/pdf/2023-12797.pdf Income Taxes Reporting and Recordkeeping Requirements 10 p. 40086 40095 88 FR 40086 Title 26 Part 1 26 CFR Part 1 RIN 1545-BQ76 Pre-Filing Registration Requirements for Certain Tax Credit Elections; Federal Register Vol. 88, Issue RULE 2023-12797 DEPARTMENT OF THE TREASURY Internal Revenue Service 2023-06-21 TD 9975 4830-01-P 2023-12797 Temporary regulations.

This document contains temporary regulations setting forth mandatory information and registration requirements for taxpayers planning to make an elective payment election under the Inflation Reduction Act of 2022 and the CHIPS Act of 2022 to treat the amount of certain tax credits as a payment of Federal income tax, or in the case of a partnership or S corporation, to receive a payment in the amount of such credits. This document also contains temporary regulations setting forth mandatory information and registration requirements for taxpayers planning to make an election to transfer certain Federal income tax credits under the Inflation Reduction Act of 2022. These temporary regulations affect tax-exempt organizations, State and local governments, Indian tribal governments, Alaska Native Corporations, the Tennessee Valley Authority, rural electric cooperatives, and, in the case of three credits, certain taxpayers eligible to elect the elective payment of credit amounts in a taxable year under section 6417 of the Internal Revenue Code (Code). These temporary regulations also affect taxpayers eligible to make an elective payment election instead of claiming the advanced manufacturing investment credit under section 48D of the Code. These temporary regulations further affect taxpayers eligible to elect to transfer certain Federal income tax credits under section 6418 of the Code.

Effective date: This temporary regulation is effective on June 21, 2023. Concerning these temporary regulations, Lani M. Sinfield at (202) 317-5871 (not a toll free number). Income Taxes Reporting and Recordkeeping Requirements Pre-Filing Registration Requirements for Certain Tax Credit Elections, pra.comments@irs.gov IRS.gov Vol. 88, no. 118 Office of the Federal Register, National Archives and Records Administration 2023-06-21 continuing daily deposited born digital 689 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2023-06-21 P0b002ee1bf946aa8 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr21jn23 https://www.govinfo.gov/app/details/FR-2023-06-21 https://www.govinfo.gov/content/pkg/FR-2023-06-21/pdf/FR-2023-06-21.pdf https://www.govinfo.gov/content/pkg/FR-2023-06-21/xml/FR-2023-06-21.xml fdlp 39995 40675 DGPO 2023-07-24 2024-05-29 FR-2023-06-21 machine generated eng FR FR-2023-06-21 88 118