Notice 2023-24, Section- 45J Credit for Production of Electricity from Advanced Nuclear Power Facilities

Forms and Documents

Document Name	Status
Notice 2006-40.pdf Supplementary Document	2013-01-24
Notice 2023-24_SupStat.docx Supporting Statement A	2023-06-22

IC Document Collections

IC ID	Document Title	Status
19755	Notice 2023-24, Sec. 45J-Credit for Production of Electricity from Advanced Nuclear Power Facilities National Megawatt Capacity Limitation Other-IRS Notice 2023-24	Modified

ICR Details

OMB Control No: 1545-2000	ICR Reference No: 202202-1545-020
Status: Received in OIRA	Previous ICR Reference No: 201301-1545-025
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Notice 2023-24, Section- 45J Credit for Production of Electricity from Advanced Nuclear Power Facilities
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 07/21/2023

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	80	0
Time Burden (Hours)	406	0
Cost Burden (Dollars)	0	0

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Abstract: This notice provides guidance under § 45J of the Internal Revenue Code (Code), relating to the credit for the production of electricity from advanced nuclear power facilities (§ 45J credit). This information will be used to determine the amount of the unutilized national megawatt capacity limitation (NMCL) to which a taxpayer is entitled. The likely respondents are corporations and partnerships.

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Authorizing Statute(s): US Code: 26 USC 45J Name of Law: Credit for production from advanced nuclear power facilities
   PL: Pub.L. 115 - 123 40501 Name of Law: Bipartisan Budget Act of 2018
  

Citations for New Statutory Requirements: PL: Pub.L. 115 - 123 Div D Title I,132 Stat. 64,153 Name of Law: Bipartisan Budget Act

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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:
	88 FR 17929	03/24/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 43418	07/07/2023
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
Notice 2023-24, Sec. 45J-Credit for Production of Electricity from Advanced Nuclear Power Facilities National Megawatt Capacity Limitation

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ICR Summary of Burden

	Total Request	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	80	0	80	0	0	0
Annual Time Burden (Hours)	406	0	406	0	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: No

Burden Reduction Due to:

Short Statement: Changes in the paperwork burden previously approved by OMB are due to notice 2023-24 obsoletes notice 2013-68, which supersedes notice 2006-40.

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Annual Cost to Federal Government: $0

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 07/21/2023

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