View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
TREAS/IRS | RIN: 1545-BO40 | Publication ID: Fall 2020 |
Title: Definition of Qualifying Energy Property, Section 48 Investment Tax Credit | |
Abstract:
This project was initiated to provide new and updated definitions at section 1.48-9 of the Income Tax Regulations for energy property eligible for the energy credit under 26 U.S.C. 48. Due to statutory amendments, Treasury Regulation section 1.48-9 does not currently reflect 26 U.S.C. section 48. We anticipate that the proposed regulations will also provide other rules applicable to energy property, such as rules for dual use property, application of the 80/20 Rule to retrofitted energy property, and eligibility of off-site components of energy property. |
|
Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Regulatory | |
CFR Citation: 26 CFR 1.48-9 | |
Legal Authority: 26 U.S.C. 7805 26 U.S.C. 48 |
Legal Deadline:
None |
||||||
Timetable:
|
Additional Information: REG-132569-17 (NPRM) Drafter attorney: Jennifer Bernardini (202) 317-6853 Reviewer attorney: Jennifer Records (202) 317-6853 Treasury attorney: Hannah Hawkins (202) 622-3351 CC:PSI | |
Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Jennifer C. Bernardini General Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Room 5114C, Washington, DC 20224 Phone:202 317-6853 Fax:855 591-7868 Email: jennifer.c.bernardini@irscounsel.treas.gov |