Investment Credit

ICR 202304-1545-015

OMB: 1545-0155

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2023-06-26
IC Document Collections
IC ID
Document
Title
Status
39648 Modified
ICR Details
1545-0155 202304-1545-015
Received in OIRA 202212-1545-023
TREAS/IRS
Investment Credit
Extension without change of a currently approved collection   No
Regular 07/28/2023
  Requested Previously Approved
36 Months From Approved 07/31/2023
2,109 2,109
75,017 75,017
0 0

Taxpayers are allowed a credit against their income tax for certain expenses they incur for their trades or businesses. Form 3468 is used to compute this investment tax credit. The information collected is used by the IRS to verify that the credit has been correctly computed.

US Code: 26 USC 48 Name of Law: Energy credit
   US Code: 26 USC 46 Name of Law: Amount of credit
   US Code: 26 USC 47 Name of Law: Rehabilitation credit
   PL: Pub.L. 117 - 167 107 Name of Law: The Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022
   PL: Pub.L. 117 - 169 13102 Name of Law: Inflation Reduction Act (IRA) of 2022
  
None

Not associated with rulemaking

  88 FR 21749 04/11/2023
88 FR 48289 07/26/2023
No

1
IC Title Form No. Form Name
Investment Credit 3468 Investment Credit (draft 2023)

  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 2,109 2,109 0 0 0 0
Annual Time Burden (Hours) 75,017 75,017 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$88,088
No
    Yes
    Yes
No
No
Yes
No
Patricia Palacios 559 550-8723

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
07/28/2023


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