Part IV. Items of General Interest

Announcement of the Results of the 2011–2012 Allocation Round of the Qualifying Advanced Coal Project Program

Announcement 2013–2

This announcement discloses the results of the 2011–12 allocation round under the qualifying advanced coal project program of § 48A of the Internal Revenue Code.

QUALIFYING ADVANCED COAL PROJECT PROGRAM

Section 48A provides a qualifying advanced coal project credit in an amount equal to (1) 20 percent of the qualified investment (as defined in § 48A(b)) for that taxable year in qualifying advanced coal projects (as defined in § 48A(c)(1) and (e)) described in § 48A(d)(3)(B)(i), (2) 15 percent of the qualified investment for that taxable year in qualified advanced coal projects described in § 48A(d)(3)(B)(ii),

and (3) 30 percent of the qualified investment for that taxable year in qualifying advanced coal projects described in § 48A(d)(3)(B)(iii).

Section 48A(d)(5) provides that the Secretary shall, upon making a certification under § 48A(d) or § 48B(d), publicly disclose the identity of the applicant and the amount of the credit certified with respect to such applicant.

On April 20, 2009, the Internal Revenue Service (“Service”) issued Notice 2009–24, 2009–16 I.R.B 817, to announce an initial allocation round for the qualifying advanced coal projects described in § 48A(d)(3)(B)(iii) (“the Phase II advanced coal program”). The Service will certify $1.25 billion of credits to qualifying projects under the Phase II advanced coal program during the application period from March 13, 2009 to March 13, 2012, as provided by § 48A(d)(2)(A)(ii).

Section 10.01 of Notice 2009–24 provides that the Service intends to publish the results of the allocation process, and disclose the following information in the event a qualifying advanced coal project credit under § 48A is allocated to the tax

payer’s project: (a) the name of the taxpayer and (b) the amount of the qualifying advanced coal project credit allocated to the project.

On September 27, 2010, the Service issued Announcement 2010–56, 2010–39 I.R.B. 398, setting forth the results of the initial allocation round, and notifying applicants of a second allocation round in 2010–11. On October 3, 2011, the Service issued Announcement 2011–62, 2011–40 I.R.B. 483, announcing that the second allocation round in 2010–11 did not result in any allocation of the qualifying advanced coal project credit, and notifying applicants of the Service’s intention to conduct a third allocation round in 2011–12 in the manner and under the procedures provided by Notice 2009–24, as modified by Notice 2011–24, 2011–14 I.R.B. 603. ¹ As provided by Notice 2009–24, the application period for the 2011–12 allocation round began on March 2, 2011, and ended on March 1, 2012.

Accordingly, the results of the third allocation round in 2011–12 under the Phase II advanced coal program is as follows:

Filer: Required for the Com- bined Federal/State Filing Program (CF/SF): Enter “1” (one) if approved and submitting information as part of the CF/SF program or if submitting a test file in order to obtain approval for the CF/SF program; otherwise, enter a blank.

Payer “B” Record (page 88):

located and reported to each state.

The third allocation round in 2011–12 is the final allocation round under the Phase II advanced coal program.

DRAFTING INFORMATION

The principal author of this announcement is Jennifer Bernardini of the Office of Associate Chief Counsel (Passthroughs & Special Industries). For further information regarding this announcement, contact Jennifer Bernardini at (202) 622–3110 (not a toll-free call).

Announcement 2013–3

The following announcement provides updated information for items in Publication 1220, Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W–2G Electronically, Revised August 13, 2012.

Form 1099–B, Proceeds From Broker and Barter Exchange Transactions

Form 1099–B has been added to the Combined Federal/State Filing program (CF/SF). Programming should be as follows:

Payer “A” Record (page 39):

1 Notice 2011–24 updated the rules relating to the annual measurement of separated and sequestered carbon dioxide and applies the recapture rules of § 50(a) in the event that a taxpayer fails to attain or maintain the carbon dioxide separation and sequestration requirements of § 48A or § 48B.

January 7, 2013 271 2013–2 I.R.B.

tries Field” - This portion of the “B” Record may be used to record information for state or local government reporting or for the filer’s own purposes. Payers should contact the state or local revenue departments for filing requirements. If this field is not used, enter blanks. Report the Corporation’s Name, Address, City, State, and ZIP in the Special Data Entry field.

Withheld” – State income tax withheld is for the convenience of the filers. This information does not need to be reported to IRS. The payment amount must be right-justified and unused po

sitions must be zero-filled. If not reporting state tax withheld, this field may be used as a continuation of the Special Data Entries Field.

Withheld” - Local income tax withheld is for the convenience of the filers. This information does not need to be reported to IRS. The payment amount must be right-justified and unused positions must be zero-filled. If not reporting local tax withheld, this field may be used as a continuation of the Special Data Entries field.

Code from Table 3 in this field if the payee record is to be forwarded to a

state agency as part of the CF/SF Program

Payer “K” Record” (page 139):

ber of “B” records coded for that participating state.

2013–2 I.R.B. 272 January 7, 2013