SECTION 1. PURPOSE

This notice updates and amplifies the procedures for the allocation of credits under the qualifying advanced coal project program of § 48A of the Internal Revenue Code by announcing the immediate beginning of the 2015 reallocation round (“Round 2”) of the § 48A Phase III program. Except as specifically provided in this notice, this allocation round will be conducted in the same manner and under the same procedures as provided under Notice 2012–51, 2012–2 C.B. 150, which established the § 48A Phase III program. To be considered in Round 2 of the § 48A Phase III program, applications must be submitted to the Department of Energy (“DOE”) (“application for DOE certification”) and to the Internal Revenue Service (“Service”) (“application for § 48A certification”) on or before April 1, 2015. See Section 3 of this notice for additional rules regarding these applications.