View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
1545-2327
ICR Reference No:
202412-1545-010
Status:
Active
Previous ICR Reference No:
202408-1545-029
Agency/Subagency:
TREAS/IRS
Agency Tracking No:
Title:
Clean Electricity Low-Income Communities Bonus Credit Amount Program
Type of Information Collection:
New collection (Request for a new OMB Control Number)
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
01/14/2025
Retrieve Notice of Action (NOA)
Date Received in OIRA:
01/13/2025
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
01/31/2028
36 Months From Approved
Responses
210,000
0
0
Time Burden (Hours)
210,000
0
0
Cost Burden (Dollars)
0
0
0
Abstract:
Section 13702 of Public Law 117-169, 136 Stat. 1818, 1921 (August 16, 2022), commonly known as the Inflation Reduction Act of 2022 (IRA), added new section 48E(h) to the Internal Revenue Code (IRC) to authorize the Secretary of the Treasury or her delegate (Secretary) to establish a program for calendar years 2025 and succeeding years to award allocations of environmental justice capacity limitation (Capacity Limitation) that increase the amount of the new clean electricity investment credit determined under IRC section 48E(a) (section 48E credit) with respect to eligible property that is part of an applicable facility. The amount of section 48E credit for a taxable year generally is calculated by multiplying the qualified investment for such taxable year with respect to any qualified facility placed in service during that taxable year by the applicable percentage (as defined in IRC section 48E(a)(2)). If an applicable facility is awarded an allocation of Capacity Limitation, IRC section 48E(h) increases the amount of the section 48E credit with respect to the applicable facility by increasing the applicable percentage used to calculate the amount of the section 48E credit (section 48E(h) Increase). The term “applicable facility” is defined in IRC section 48E(h)(2) to mean any qualified facility that (i) is not described in IRC section 45Y(b)(2)(B) (relating to combustion and gasification facilities); (ii) has a maximum net output of less than 5 megawatts (MW) (as measured in alternating current (AC)); and (iii) is described in at least one of four categories in IRC section 48E(h)(2)(A)(iii).
Authorizing Statute(s):
PL:
Pub.L. 117 - 169 13702
Name of Law: Inflation Reduction Act of 2022
US Code:
26 USC 48E(h)
Name of Law: Special Rules For Certain Facilities Placed In Service In Connection With Low-Income Communities
Citations for New Statutory Requirements:
US Code: 26 USC 48E(h) Name of Law: Special Rules For Certain Facilities Placed In Service In Connection With Low-Income Communities
PL: Pub.L. 117 - 169 13702 Name of Law: Inflation Reduction Act of 2022
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
1545-BR26
Final or interim final rulemaking
90 FR 2842
01/13/2025
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Clean Electricity Low-Income Communities Bonus Credit Amount Program
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
210,000
0
210,000
0
0
0
Annual Time Burden (Hours)
210,000
0
210,000
0
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
This is a new collection due to enactment of the section 13702 of the Inflation Reduction Act of 2022.
Annual Cost to Federal Government:
$1,050,000
Does this IC contain surveys, censuses, or employ statistical methods?
No
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
Yes
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
No
Agency Contact:
Dillon Taylor 202 622-4940 dillon.j.taylor@irscounsel.treas.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
01/13/2025
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