Federal Register #2026-21373

Treasury and IRS Request Public Comment on Section 45J Advanced Nuclear Tax-Credit Information Collection

The Department of the Treasury, through the Internal Revenue Service (IRS), is seeking public comment on an information collection concerning Section 45J advanced nuclear electricity production tax credits. - Government buyer: U.S. Department of the Treasury, Internal Revenue Service (IRS). This is a public-comment notice, not a procurement solicitation. - Purpose: Collect information used to determine eligible taxpayers’ allocations of unused national megawatt capacity limits and the associated credit amounts, including credit transfers. The collection is expected to be submitted to the Office of Management and Budget for review. - Potential respondents: Corporations and partnerships; affected parties also include businesses and state, local, and tribal governments. - Estimated burden: 80 respondents, 80 annual responses, and 406 total burden hours per year. - Products, services, quantities, and vendors: None requested or named.

Description

The Department of the Treasury will submit an information collection request to the Office of Management and Budget for review and clearance under the Paperwork Reduction Act of 1995. The collection concerns allocating unutilized national megawatt capacity limitation under Section 45J and transferring the associated credit. The information will be used to determine a taxpayer’s eligible portion of the capacity limitation and potential credit amount; likely respondents are corporations and partnerships. The estimated number of respondents is 80, with annual responses and an estimated total annual burden of 406 hours.

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