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TREAS/IRS RIN: 1545-BO40 Publication ID: Fall 2021 
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 
CFR Citation: 26 CFR 1.48-9   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 48   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/00/2022 
Additional Information: REG-132569-17 (NPRM) Drafter attorney: Jennifer Bernardini (202) 317-6853 Reviewer attorney: Jennifer Records (202) 317-6853 Treasury attorney: Kimberly Wojcik (202) 819-5365 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