SECTION 7. PERIODIC WRITTEN

REPORT REQUIREMENT

.01 In General . To meet the periodic written report requirement in § 25C(h)(3) (C), a QM must submit periodic reports (QM Reports) to the IRS electronically through the IRS Energy Credits Online Portal, in the time and manner described in this section 7.

.02 General Information to Include in the QM Report . Except as provided in sections 7.05 through 7.07 of this revenue procedure, a QM must include certain general information in every QM Report, including:

(1) the QM’s name, address, and TIN or EIN;

(2) for each item of specified property that the QM produced during the period covered by the QM Report,

(a) such item’s full PIN, including its QM Code, Product Code, and Item Number (except as provided in section 7.05 of this revenue procedure), and

(b) such item’s month and year of manufacture;

(3) such other information as the IRS may provide on https://www.irs.gov, on the IRS Energy Credits Online Portal, or in published guidance.

.03 Attestation . Each QM Report must include a declaration, applicable to the certification, statements, and any accompanying documents, signed by an individual authorized to bind the QM in matters involving agreements with the IRS, in the following form: “Under penalties of perjury, I declare that I have examined this certification, including any and all accom

panying documents, and that to the best of my knowledge, the facts presented in support of this certification are true, correct, and complete.”

.04 Year of Manufacture . For QM Reports, the year of manufacture is the year in which the property becomes specified property for purposes of the § 25C credit.

.05 Specified Property Placed in Ser- vice During the 2025 Calendar Year . For specified property placed in service on or after January 1, 2025, and before January 1, 2026, to satisfy the requirement to provide each item’s full PIN under section 7.02(2)(a) of this revenue procedure, the QM Report only has to include the QM Code that was provided to taxpayers in accordance with sections 5.03 and 6.03(1) of this revenue procedure.

.06 Exception for Enabling Property . A QM is not required to submit QM Reports for enabling property.

.07 Exception for Indoor Units of Heat Pumps . A QM is not required to submit QM Reports for the indoor units of heat pumps.

.08 Time to File QM Reports . (1) For items of specified property that leave a QM’s control and enter the stream of commerce on or after January 1, 2025, and before January 1, 2026, only one QM Report is required, and a QM must file that report by January 15, 2026. A QM may submit multiple QM Reports once the IRS Energy Credits Online Portal begins accepting QM Reports.

(2) For items of specified property produced on or after January 1, 2026, a QM must file QM Reports by the fifteenth day of the calendar month following the end of the calendar quarter in which an item of specified property leaves its control and enters the stream of commerce (January 15, April 15, July 15, and October 15). A QM may submit QM Reports more frequently than once per quarter.

.09 Format of QM Reports . QMs must submit their QM Reports electronically using the template that the IRS will make available on the IRS Energy Credits Online Portal. The IRS will not accept QM Reports submitted in any other format. In considering how frequently to file QM Reports, QMs should consult the IRS Energy Credits Online Portal for current file format and size limitations.

November 12, 2024 1118 Bulletin No. 2024–46

den on respondents. Therefore, the recordkeeping requirement would not require OMB approval under 5 CFR 1320.3(b)(2).

.03 Sections 4, 6, and 7 of this revenue procedure mention third-party disclosure and reporting requirements that are necessary to ensure that specified property meets the requirements for the § 25C credit. In accordance with the Paperwork Reduction Act (44 U.S.C. 3507), these collections of information are included within the associated regulation and have been submitted to the Office of Management and Budget under OMB Control Number 1545-NEW under PRA procedures 5 CFR 1320.11.