The U.S. Treasury Department and IRS today released for publication in the Federal Register a notice that provides the inflation adjustment factors for the Indian coal production credit for calendar years 2018 and 2019 under section 45(e)(10)(B).
A provision of the government appropriations legislation (Pub. L. No. 116-94, enacted December 20, 2019) extended the credit period for the Indian coal production credit.
The notice [PDF 271 KB] provides the following inflation adjustment factor for the Indian coal production credit under section 45.
The IRS subsequently released this information in Notice 2020-9. Read that notice in Internal Revenue Bulletin 2020-7 [PDF 1.04 MB].
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