This notice sets forth a process that allows taxpayers who purchase medium-duty and heavy-duty hybrid vehicles to rely on the domestic manufacturerÂs (or, in the case of a foreign manufacturer, its domestic distributorÂs) certification that both a particular make, model, and year of vehicle qualifies as a qualified hybrid motor vehicle under § 30B(3) and (d), and the amount of the credit allowable with respect to the vehicle.
Section 30B became effective on January 1, 2006, because published guidance will be necessary for use by both manufacturers and taxpayers before the due date of taxpayers 2006 returns (as referenced in the ÂUse of Data section), we hereby request consideration of this submission as an emergency submission. The new 30B credits were enacted as part of the Energy Policy Act of 2005, enacted on August 8, 2005. This enactment date left less than five months for the IRS to promulgate guidance.
Unless guidance is available, manufacturers will be unable to provide certifications to taxpayers. Taxpayers in turn will be unable to make informed decisions regarding the purchase of alternative fuel vehicles that might be eligible for the credit. Therefore, we respectfully request that the consideration of this submission be completed by December 31, 2006. Any other result will be detrimental to the taxpaying public and will interfere with the mission of the IRS.
This is a new Notice that sets forth a process that allows taxpayers who purchase medium-duty and heavy-duty hybrid vehicles to rely on the domestic manufacturerÂs (or, in the case of a foreign manufacturer, its domestic distributorÂs) certification that both a particular make, model, and year of vehicle qualifies as a qualified hybrid motor vehicle under § 30B(3) and (d), and the amount of the credit allowable with respect to the vehicle.
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Nicole Cimino 202 622-3120
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.
NOT-146367-06.doc
Credit for New Medium-Duty and Heavy-Duty Hybrid Motor Vehicles