```

[Federal Register Volume 90, Number 11 (Friday, January 17, 2025)]
[Notices]
[Pages 6099-6100]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-01196]

-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Agency Information Collection Activities; Submission for OMB 
Review; Comment

Request; Multiple Internal Revenue Service (IRS) Information 
Collection Requests

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before February 18, 2025 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Melody Braswell by emailing [email protected], calling 
(202) 622-1035, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    1. Title: Property Qualifying for the Energy Credit under Section 
48 (Specifically, Performance & Quality for Small Wind Energy 
Property).
    OMB Number: 1545-2259.

[[Page 6100]]

    Abstract: Section 48(a)(3)(D) of the Internal Revenue Code allows a 
credit for energy property which meets, among other requirements, the 
performance and quality standards (if any) which have been prescribed 
by the Secretary by regulations (after consultation with the Secretary 
of Energy) and are in effect at the time of the acquisition of the 
property. Energy property includes small wind energy property. This 
notice provides the performance and quality standards that small wind 
energy property must meet to qualify for the energy credit under 
section 48.
    Current Actions: There are no changes being made to the notice at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations, and not-for-profit institutions.
    Estimated Number of Respondents: 160.
    Estimated Time per Response: 2 hours, 30 minutes.
    Estimated Total Annual Burden Hours: 400.
    2. Title: Waiver of 60-Day Rollover Requirement.
    OMB Number: 1545-2269.
    Revenue Procedure: 2020-46.
    Abstract: Revenue Procedure 2020-46 modifies and updates Rev. Proc. 
2016-47, 2016-37 I.R.B. 346. Section 3.02(2) of Rev. Proc. 2016-47 
provides a list of permissible reasons for self-certification of 
eligibility for a waiver of the 60 day rollover requirement, and, in 
response to requests from stakeholders, this revenue procedure modifies 
that list by adding a new reason: a distribution was made to a state 
unclaimed property fund. As under Rev. Proc. 2016-47, a self-
certification relates only to the reasons for missing the 60-day 
deadline, not to whether a distribution is otherwise eligible to be 
rolled over. An appendix contains a model letter that may be used for 
self-certification.
    Upon receipt of a self-certification, a plan administrator or IRA 
trustee may accept the contribution and treat it as having satisfied 
the requirements for a waiver of the 60-day requirement. Currently, the 
only way for a taxpayer to obtain a waiver of the 60 day requirement 
with respect to an amount distributed to a state unclaimed property 
fund is to apply to the Internal Revenue Service (IRS) for a favorable 
ruling, which is issued by the Tax Exempt and Government Entities 
Division (TE/GE). The user fee for a ruling is $10,000. The program 
outlined in this revenue procedure permits taxpayers to receive the 
benefits of a waiver without paying a user fee.
    Current Actions: There is no change to this existing revenue 
procedure.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or Households.
    Estimated Number of Respondents: 160.
    Estimated Time per Response: 3 hours.
    Estimated Total Annual Burden Hours: 480.
    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2025-01196 Filed 1-16-25; 8:45 am]
BILLING CODE 4830-01-P
```