Form 8864 - Biodiesel and Renewable Diesel Fuels Credit

Forms and Documents

Document Name	Status
Form 8864 Form 8864 - Biodiesel and Renewable Diesel Fuels Credit Form and Instruction	Modified
1545-1924_supporting_statement_20141204[1].doc Supporting Statement A	2014-12-10
ombat2.doc Supplementary Document	2014-11-19

IC Document Collections

IC ID	Document Title	Status
41189	Form 8864 - Biodiesel and Renewable Diesel Fuels Credit Form and Instruction	Modified

ICR Details

OMB Control No: 1545-1924	ICR Reference No: 201411-1545-043
Status: Historical Active	Previous ICR Reference No: 201110-1545-050
Agency/Subagency: TREAS/IRS	Agency Tracking No: ready
Title: Form 8864 - Biodiesel and Renewable Diesel Fuels Credit
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/20/2015
	Date Received in OIRA: 12/30/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2018	36 Months From Approved	11/30/2015
Responses	26	0	26
Time Burden (Hours)	110	0	310
Cost Burden (Dollars)	0	0	0

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Abstract: Form 8864 is used to figure biodiesel and renewable diesel fuels credit and to claim the credit for the tax year in which the sale or use occurs. This credit consists of the biodiesel credit, renewable diesel credit, biodiesel mixture credit, renewable diesel mixture credit, and small agri-biodiesel producer credit. IRC section 40A provides a credit for biodiesel or qualified biodiesel mixtures. IRC section 38(b)(17) allows a nonrefundable income tax credit for businesses that sell or use biodiesel. The biodiesel and renewable diesel fuels credit is scheduled expired for fuel sold or used after 2013.

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Authorizing Statute(s): US Code: 26 USC 40A Name of Law: Biodiesel and renewable diesel used as fuel
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 52806	09/04/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 77084	12/30/2014
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form 8864 - Biodiesel and Renewable Diesel Fuels Credit	8864, 8864	Biodiesel and Renewable Diesel Fuels Credit ,   Biodiesel and Renewable Diesel Fuels Credit

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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	26	26	0	0	0	0
Annual Time Burden (Hours)	110	310	0	-200	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Several lines were reserved due to the expiration of the biodiesel and renewable diesel fuels credit for fuel sold or used after 2013. At the time of this renewal this credit has not been extended under (IRC 40A(g)). These changes will reduce the total burden to 110 hours, which will result in a program change decrease of 200 hours.

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Annual Cost to Federal Government: $850

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

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Common Form ICR:  No

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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: 12/30/2014

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