96-7609. Nonconventional Source Fuel Credit; Publication of Reference Price for Calendar Year 1995

[Federal Register Volume 61, Number 61 (Thursday, March 28, 1996)]
[Notices]
[Page 13919]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-7609]



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DEPARTMENT OF THE TREASURY

Nonconventional Source Fuel Credit; Publication of Reference 
Price for Calendar Year 1995

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Publication of reference price for calendar year 1995 as 
required by section 29 of the Internal Revenue Code (26 U.S.C. section 
29).

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SUMMARY: The inflation adjustment factor, nonconventional source fuel 
credit, and reference price are used in determining the availability of 
the tax credit for production of fuel from nonconventional sources 
under section 29.

DATES: The 1995 inflation adjustment factor, nonconventional source 
fuel credit, and reference price apply to qualified fuels sold during 
calendar year 1995.

PRICE: The reference price for calendar year 1995 is $14.62. Because 
the above reference price will not exceed $23.50 multiplied by the 
inflation adjustment factor, the phaseout of credit provided for in 
section 29(b)(1) will not occur for any qualified fuel based on the 
above reference price.

INFLATION FACTOR AND CREDIT: The inflation adjustment factor for 
calendar year 1995 is not yet available. The inflation adjustment 
factor and the nonconventional source fuel credit for 1995 will be 
published as soon as they are known.

FOR FURTHER INFORMATION CONTACT: David McMunn, CC:DOM:P&SI:6, Internal 
Revenue Service, 1111 Constitution Ave., NW., Washington, DC 20224, 
Telephone Number [phone] (not a toll-free number).
Judith C. Dunn,
Associate Chief Counsel (Domestic).
[FR Doc. 96-7609 Filed 3-27-96; 8:45 am]
BILLING CODE 4830-01-U