SECTION 6. REPORTING

REQUIREMENTS

.01 Annual Reports . A taxpayer that has claimed the § 45Q credit on a tax return must submit an annual report to the Service containing the following information:

(a) The name, address, and taxpayer identification number of the reporting taxpayer, and all parties with which the taxpayer contractually ensures the secure geological storage of the CO ; 2

(b) The name and location of the qualified facilities at which the CO cap2 was tured;

(c) The amounts (in metric tons) of qualified CO 2 for the taxable year that has been taken into account for purposes of claiming the § 45Q credit;

(d) Any changes in the information included in prior annual reports submitted under section 6.01 of this notice, including adjustments to the amount (in metric tons) of qualified CO into account 2 taken for purposes of the § 45Q credit in prior taxable years; and

(e) A declaration, applicable to the report and any accompanying documents, signed by a person currently authorized to bind the taxpayer in these matters, in the following form:

“Under penalties of perjury, I declare that I have examined this report, including accompanying documents, and to the best of my knowledge and belief, the facts presented in support of this report are true, correct, and complete.”

.02 Time for Filing Reports . The annual report described in section 6.01 of this notice must be filed with the Service at the following address not later than the last day of the second calendar month following the month during which the tax return on which the § 45Q credit is claimed was due (including extensions):

Internal Revenue Service Attn: CC:PSI:6, Room 5116 P.O. Box 14095 Benjamin Franklin Station Washington, D.C. 20044

November 2, 2009 591 2009–44 I.R.B.

Budget in accordance with the Paperwork Reduction Act (44 U.S.C. § 3507) under control number 1545–2153.

An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number.

The collection of information is in section 6 of this notice. This information is required to allow the Secretary to determine when 75,000,000 metric tons of qualified CO 2 have been taken into account for purposes of the § 45Q credit. The § 45Q credit will cease to be available after the end of the calendar year in which the Secretary, in consultation with the EPA, certifies that 75,000,000 metric tons of qualified CO 2 have been taken into account. This collection of information is required to obtain a benefit. The likely respondents are businesses or other for-profit institutions.

The estimated total annual reporting burden is 180 hours.

The estimated annual burden per respondent varies from 2 to 10 hours, depending on individual circumstances, with an estimated average of 6 hours. The estimated number of respondents is 30.

The estimated annual frequency of responses is annually.

Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. § 6103.