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TREAS/IRS | RIN: 1545-BQ86 | Publication ID: Fall 2023 |
Title: ●Transfer Provisions of Sections 30D and 25E | |
Abstract:
Section 30D calls for the establishment of regulations for several purposes. One of those provisions is in Section 30D(g)(1) which provides that subject to regulations or other guidance as the Secretary determines necessary, if the taxpayer who acquires a new clean vehicle elects the application of section 30D(g) with respect to such vehicle, the credit which would otherwise be allowed to such taxpayer with respect to such vehicle shall be allowed to the eligible entity in such election, and not to such taxpayer. Section 25E(f) provides that Rules similar to the rules of section 30D(g) shall apply. On October 5, 2022, Notice 2022-46 was published in I.R.B. 2022-43, requesting comments regarding sections 30D and 25E. On December 8, 2022, Revenue Procedure 2022-42 was published in I.R.B. 2022-52, providing procedures, inter alia, for seller’s reports relating to the sale of clean vehicles. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 26 U.S.C. 25E 26 U.S.C. 30D 26 U.S.C. 7805 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-113064-23 Drafting attorney: Rika Valdman (202) 317-6853 Reviewing attorney: Maggie Stehn and Patrick Kirwan (202) 317-6853 Treasury attorney: Kimberly Wojcik (202) 819-5365 CC:PSI:B6 | |
Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: Undetermined |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 1545-BQ52 | Related Agencies: Common: DOE; |
Agency Contact: Rika Valdman Senior Technician Reviewer Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW, Room 5112, Washington, DC 20224 Phone:202 317-5227 Fax:202 317-7868 Email: rika.valdman@irscounsel.treas.gov |