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IRSRulemakingIRS-2023-0063

Section 45X Advanced Manufacturing Production Credit (REG-107423-23)

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Last modified
Nov 26, 2024
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closed 896d ago
National Mining Association filings
4

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National Mining Association filed 4 comments on this docket between Feb 7, 2024 and Feb 13, 2024. 63 other organizations filed here. The comment window closed 896d ago.

What National Mining Association filed (4)

Feb 13, 2024· Comment from National Mining Association· IRS-2023-0063-0037

Please find the attached comment letter from National Mining Association President Rich Nolan. Thank you.

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Feb 13, 2024· Comment from National Mining Association· IRS-2023-0063-0045

National Mining Association President Rich Nolan requests to testify in person at the February 22, 2024, public hearing regarding proposed amendments to the Income Tax Regulations (26 CFR part 1) to implement section 45X of the Internal Revenue Code (Code). Outline of Testimony: A- Aspects of the § 45X credits that will stimulate U.S. production, processing, and availability of critical minerals as Congress intended. B- Discussing proposed section 1.30D-3(c)(8) as a reasonable definition of extraction for use in permitting extraction costs to be counted under the section 45X tax credit. C- Why Congress supports US mineral sourcing by including Critical Minerals in 45 Production Tax Credit D- National security concerns that will result because Treasury doesn't include domestically sourced raw materials cost in calculation of 45X tax credit. E-Opportunity to stimulate new and improved domestic critical mineral supply chains through the 45x tax credit. Thank you for your consideration. Best, Rich Nolan President, National Mining Association

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Feb 13, 2024· Comment from National Mining Association· IRS-2023-0063-0047

See attached file(s) Please accept the attached comment letter from the National Mining Association.

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Feb 7, 2024· Comment from National Mining Association· IRS-2023-0063-0014

The attached file contains comment from 46 individual companies and organizations representing every step of the battery and electric vehicle manufacturing supply chain. Collectively the organizations urge the Department of the Treasury and the Internal Revenue Service to consider that direct and indirect material costs and costs related to the domestic extraction of raw materials are value-added activities and should be eligible to claim the Section 45X Advanced Manufacturing Production Tax Credit.

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Abstract

This document contains proposed regulations to implement the advanced manufacturing production credit established by the Inflation. Reduction Act of 2022 to incentivize the production of eligible components within the United States. Eligible components include certain solar energy components, wind energy components, inverters, qualifying battery components, and applicable critical minerals.

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Co-filers (63)

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