Federal Register / Vol. 76, No. 75 / Tuesday, April 19, 2011 / Notices 21947 

Title: Application for Recognition of 

Exemption Under Section 521 of the 

Internal Revenue Code. 

OMB Number: 1545–0058. 

Form Number: 1028. 

Abstract: Farmers’ cooperatives must 

file Form 1028 to apply for exemption 

from Federal income tax as being 

organizations described in Internal 

Revenue Code section 521. The 

information on Form 1028 provides the 

basis for determining whether the 

applicants are exempt. 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

50. 

Estimated Time per Respondent: 50 

hours, 54 minutes. 

Estimated Total Annual Burden 

Hours: 2,545. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: March 26, 2011. 

Yvette B. Lawrence, 

IRS Reports Clearance Officer. 

[FR Doc. 2011–9464 Filed 4–18–11; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Credit for Renewable Electricity 

Production, Refined Coal Production, 

and Indian Coal Production, and 

Publication of Inflation Adjustment 

Factors and Reference Prices for 

Calendar Year 2011 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Publication of inflation 

adjustment factors and reference prices 

for calendar year 2011 as required by 

section 45(e)(2)(A) of the Internal 

Revenue Code (26 U.S.C. 45(e)(2)(A)), 

section 45(e)(8)(C) (26 U.S.C. 

45(e)(8)(C)), and section 45(e)(10)(C) (26 

U.S.C. 45(e)(10)(C)). 

SUMMARY: The 2011 inflation adjustment 

factors and reference prices are used in 

determining the availability of the credit 

for renewable electricity production, 

refined coal production, and Indian coal 

production under section 45. 

DATES: The 2011 inflation adjustment 

factors and reference prices apply to 

calendar year 2011 sales of kilowatt 

hours of electricity produced in the 

United States or a possession thereof 

from qualified energy resources, and to 

2011 sales of refined coal and Indian 

coal produced in the United States or a 

possession thereof. 

Inflation Adjustment Factors: The 

inflation adjustment factor for calendar 

year 2011 for qualified energy resources 

and refined coal is 1.4459. The inflation 

adjustment factor for Indian coal is 

1.1066. 

Reference Prices: The reference price 

for calendar year 2011 for facilities 

producing electricity from wind is 4.68 

cents per kilowatt hour. The reference 

prices for fuel used as feedstock within 

the meaning of section 45(c)(7)(A) 

(relating to refined coal production) are 

$31.90 per ton for calendar year 2002 

and $55.66 per ton for calendar year 

2011. The reference prices for facilities 

producing electricity from closed-loop 

biomass, open-loop biomass, geothermal 

energy, solar energy, small irrigation 

power, municipal solid waste, qualified 

hydropower production, marine and 

hydrokinetic renewable energy have not 

been determined for calendar year 2011. 

Because the 2011 reference price for 

electricity produced from wind does not 

exceed 8 cents multiplied by the 

inflation adjustment factor, the phaseout 

of the credit provided in section 45(b)(1) 

does not apply to such electricity sold 

during calendar year 2011. Because the 

2011 reference price of fuel used as 

feedstock for refined coal does not 

exceed the $31.90 reference price of 

such fuel in 2002 multiplied by the 

inflation adjustment factor and 1.7, the 

phaseout of credit provided in section 

45(e)(8)(B) does not apply to refined 

coal sold during calendar year 2011. 

Further, for electricity produced from 

closed-loop biomass, open-loop 

biomass, geothermal energy, solar 

energy, small irrigation power, 

municipal solid waste, qualified 

hydropower production, marine and 

hydrokinetic renewable energy, the 

phaseout of credit provided in section 

45(b)(1) does not apply to such 

electricity sold during calendar year 

2011. 

Credit Amount by Qualified Energy 

Resource and Facility, Refined Coal, 

and Indian Coal: As required by section 

45(b)(2), the 1.5-cent amount in section 

45(a)(1), the 8-cent amount in section 

45(b)(1), and the $4.375 amount in 

section 45(e)(8)(A) and the $2.00 

amount in section 45(e)(8)(D), are each 

adjusted by multiplying such amount by 

the inflation adjustment factor for the 

calendar year in which the sale occurs. 

If any amount as increased under the 

preceding sentence is not a multiple of 

0.1 cent, such amount is rounded to the 

nearest multiple of 0.1 cent. In the case 

of electricity produced in open-loop 

biomass facilities, small irrigation 

power facilities, landfill gas facilities, 

trash combustion facilities, and 

qualified hydropower facilities, section 

45(b)(4)(A) requires the amount in effect 

under section 45(a)(1) (before rounding 

to the nearest 0.1 cent) to be reduced by 

one-half. Under the calculation required 

by section 45(b)(2), the credit for 

renewable electricity production for 

calendar year 2011 under section 45(a) 

is 2.17 cents per kilowatt hour on the 

sale of electricity produced from the 

qualified energy resources of wind, 

closed-loop biomass, geothermal energy, 

and solar energy, and 1.08 cent per 

kilowatt hour on the sale of electricity 

produced in open-loop biomass 

facilities, small irrigation power 

facilities, landfill gas facilities, trash 

combustion facilities, qualified 

hydropower facilities, marine and 

hydrokinetic renewable energy 

facilities. Under the calculation required 

by section 45(b)(2), the credit for refined 

coal production for calendar year 2011 

under section 45(e)(8)(A) is $6.33 per 

ton on the sale of qualified refined coal. 

The credit for steel industry fuel is 

$2.89 per barrel-of-oil equivalent of steel 

industry fuel sold. The credit for Indian 

coal production for calendar year 2011 

under section 45(e)(10)(B) is $2.2 per 

ton on the sale of Indian coal. 

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21948 Federal Register / Vol. 76, No. 75 / Tuesday, April 19, 2011 / Notices 

FOR FURTHER INFORMATION CONTACT: 

Philip Tiegerman, IRS, CC:PSI:6, 1111 

Constitution Ave., NW., Washington, 

DC 20224, (202) 622–3110 (not a tollfree call). 

Christopher T. Kelley, 

Special Counsel (Passthroughs & Special 

Industries). 

[FR Doc. 2011–9471 Filed 4–18–11; 8:45 am] 

BILLING CODE 4830–01–P 

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