{"abstract":"This document contains proposed regulations concerning the election under the Inflation Reduction Act of 2022 to treat the amount of certain tax credits as a payment of Federal income tax. The proposed regulations describe rules for the elective payment of these credit amounts in a taxable year, including definitions and special rules applicable to partnerships and S corporations and regarding repayment of excessive payments. In addition, the proposed regulations describe rules related to an IRS pre-filing registration process that would be required. These proposed regulations affect tax-exempt organizations, State and local governments, Indian tribal governments, Alaska Native Corporations, the Tennessee Valley Authority, rural electric cooperatives, and, in the case of three of these credits, certain taxpayers eligible to elect the elective payment of credit amounts in a taxable year. This document also provides notice of a public hearing on the proposed regulations.","action":"Notice of proposed rulemaking and notice of public hearing.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2023/06/21/2023-12798.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1,"title":26},{"chapter":null,"citation_url":null,"part":301,"title":26}],"citation":"88 FR 40528","comment_url":"http://www.regulations.gov/commenton/IRS-2023-0029-0001","comments_close_on":"2023-08-14","correction_of":null,"corrections":[],"dates":"Written or electronic comments must be received by August 14, 2023. The public hearing on these proposed regulations is scheduled to be held on August 21, 2023, at 10 a.m. ET. Requests to speak and outlines of topics to be discussed at the public hearing must be received by August 14, 2023. If no outlines are received by August 14, 2023, the public hearing will be cancelled. Requests to attend the public hearing must be received by 5 p.m. ET on August 17, 2023. The public hearing will be made accessible to people with disabilities. Requests for special assistance during the hearing must be received by August 16, 2023.","disposition_notes":null,"docket_ids":["REG-101607-23"],"dockets":[{"supporting_documents":[{"title":"Public Hearing Agenda (REG-101607-23) - Attendees","document_id":"IRS-2023-0029-0151"}],"agency_name":"IRS","documents":[{"comment_count":173,"comment_start_date":"2023-06-21","updated_at":"2026-03-21T03:56:10.913-04:00","comment_url":"https://www.regulations.gov/commenton/IRS-2023-0029-0001","allow_late_comments":true,"id":"IRS-2023-0029-0001","comment_end_date":"2023-08-15","regulations_dot_gov_open_for_comment":true}],"supporting_documents_count":1,"id":"IRS-2023-0029","title":"Section 6417 Elective Payment of Applicable Credits (REG-101607-23)"}],"document_number":"2023-12798","effective_on":null,"end_page":40558,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2023/06/21/2023-12798.xml","html_url":"https://www.federalregister.gov/documents/2023/06/21/2023-12798/section-6417-elective-payment-of-applicable-credits","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2023-12798?publication_date=2023-06-21","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2023-06-21/2023-12798/mods.xml","not_received_for_publication":null,"page_length":31,"page_views":{"count":16675,"last_updated":"2026-06-17 20:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-06-21/pdf/2023-12798.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-12798.pdf?1686755715","publication_date":"2023-06-21","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2023/06/21/2023-12798.txt","regulation_id_number_info":{"1545-BQ63":{"issue":"202310","html_url":"https://www.federalregister.gov/regulations/1545-BQ63/elective-payment-of-applicable-credits-under-section-6417","title":"Elective Payment of Applicable Credits Under Section 6417","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202310&RIN=1545-BQ63&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1545-BQ63"],"regulations_dot_gov_info":{"supporting_documents":[{"title":"Public Hearing Agenda (REG-101607-23) - Attendees","document_id":"IRS-2023-0029-0151"}],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BQ63/elective-payment-of-applicable-credits-under-section-6417","title":"Elective Payment of Applicable Credits Under Section 6417"},"comments_count":173,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2023-0029","supporting_documents_count":1,"docket_id":"IRS-2023-0029","document_id":"IRS-2023-0029-0001","regulation_id_number":"1545-BQ63","title":"Section 6417 Elective Payment of Applicable Credits (REG-101607-23)","checked_regulationsdotgov_at":"2026-03-22T09:55:03Z"},"regulations_dot_gov_url":"http://www.regulations.gov/commenton/IRS-2023-0029-0001","significant":false,"signing_date":null,"start_page":40528,"subtype":null,"title":"Section 6417 Elective Payment of Applicable Credits","toc_doc":"Section 6417 Elective Payment of Applicable Credits","toc_subject":null,"topics":["Employment taxes","Estate taxes","Excise taxes","Gift taxes","Income taxes","Penalties","Reporting and recordkeeping requirements"],"type":"Proposed Rule","volume":88}