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Inflation adjustment factors, Indian coal production credits for 2018 and 2019

Inflation adjustment factors, Indian coal production

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).

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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. 

Inflation adjustment factors, Indian coal production credits

The notice [PDF 271 KB] provides the following inflation adjustment factor for the Indian coal production credit under section 45. 

  • The inflation adjustment factor for calendar year 2018 for Indian coal is 1.2330.
  • The inflation adjustment factor for calendar year 2019 for Indian coal is 1.2627.
  • The credit for Indian coal production under section 45(e)(10)(B) is $2.466 per ton on the sale of Indian coal for 2018.
  • The credit for Indian coal production under section 45(e)(10)(B) is $2.525 per ton on the sale of Indian coal for 2019.

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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