Proposed Collection; Comment Request for Regulation Project, 36464-36465 [E5-3258]

Download as PDF 36464 Federal Register / Vol. 70, No. 120 / Thursday, June 23, 2005 / Notices CFR 220). The new expiration date for this information collection is January 31, 2008. (2) OMB No. 2130–0557, Safety Integration Plans (Part 244). The new expiration date for this information collection is May 31, 2008. Persons affected by the above referenced information collections are not required to respond to any collection of information unless it displays a currently valid OMB control number. These approvals by the Office of Management and Budget (OMB) certify that FRA has complied with the provisions of the Paperwork Reduction Act of 1995 (Pub. L. 104–13) and with 5 CFR 1320.5(b) by informing the public about OMB’s approval of the information collection requirements of the above cited forms and regulations. Authority: 44 U.S.C. 3501–3520. Issued in Washington, DC, on June 16, 2005. D.J. Stadtler, Director, Office of Budget, Federal Railroad Administration. [FR Doc. 05–12406 Filed 6–22–05; 8:45 am] BILLING CODE 4910–06–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Ex Parte No. 290 (Sub–No. 5) (2005– 3)] Quarterly Rail Cost Adjustment Factor Surface Transportation Board. Approval of rail cost adjustment AGENCY: ACTION: factor. SUMMARY: The Board has approved the third quarter 2005 rail cost adjustment factor (RCAF) and cost index filed by the Association of American Railroads. The third quarter 2005 RCAF (Unadjusted) is 1.136. The third quarter 2005 RCAF (Adjusted) is 0.552. The third quarter 2005 RCAF–5 is 0.528. DATES: Effective July 1, 2005. FOR FURTHER INFORMATION CONTACT: Mac Frampton, (202) 565–1541. (Federal Information Relay Service (FIRS) for the hearing impaired: 1–800–877–8339.) SUPPLEMENTARY INFORMATION: Additional information is contained in the Board’s decision, which is available on our Web site https://www.stb.dot.gov. To purchase a copy of the full decision, write to, e-mail or call the Board’s contractor, ASAP Document Solutions; 9332 Annapolis Rd., Suite 103, Lanham, MD 20706; e-mail asapdc@verizon.net; phone (202) 306–4004. (Assistance for the hearing impaired is available through FIRS: 1–800–877–8339.) VerDate jul<14>2003 18:40 Jun 22, 2005 Jkt 205001 This action will not significantly affect either the quality of the human environment or energy conservation. Pursuant to 5 U.S.C. 605(b), we conclude that our action will not have a significant economic impact on a substantial number of small entities within the meaning of the Regulatory Flexibility Act. Decided: June 16, 2005. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. 05–12382 Filed 6–22–05; 8:45 am] Decided: June 16, 2005. By the Board, Chairman Nober, Vice Chairman Buttrey, and Commissioner Mulvey. Vernon A. Williams, Secretary. [FR Doc. 05–12443 Filed 6–22–05; 8:45 am] DEPARTMENT OF THE TREASURY BILLING CODE 4915–01–P Internal Revenue Service [REG–209826–96] Proposed Collection; Comment Request for Regulation Project BILLING CODE 4915–01–P Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Finance Docket No. 34707] Kettle Falls International Railway, LLC—Lease and Operation Exemption—BNSF Railway Company 1 Kettle Falls International Railway, LLC (KFR), a Class III rail carrier, has filed a verified notice of exemption under 49 CFR 1150.41 to lease from BNSF Railway Company (BNSF) and operate approximately 0.50 miles of rail line between milepost 61.0 and milepost 60.5 near Chewelah, WA. KFR certifies that the projected annual revenues as a result of this transaction will not result in the creation of a Class II or Class I rail carrier, and further certifies that its projected annual revenues will not exceed $5 million. The transaction was scheduled to be consummated on or shortly after June 3, 2005. If the notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the transaction. An original and 10 copies of all pleadings, referring to STB Finance Docket No. 34707, must be filed with the Surface Transportation Board, 1925 K Street, NW., Washington, DC 20423– 0001. In addition, one copy of each pleading must be served on Karl Morell, Suite 225, 1455 F Street, NW., Washington, DC 20005. Board decisions and notices are available on our Web site at https:// www.stb.dot.gov. 1 Effective January 22, 2005, the name of The Burlington Northern and Santa Fe Railway Company was changed to ‘‘BNSF Railway Company.’’ PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 SUMMARY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an existing notice of proposed rulemaking, REG–209826–96, Application of the Grantor Trust Rules to Nonexempt Employees’ Trusts (§ 1.671–1(h)(3)(iii)). DATES: Written comments should be received on or before August 22, 2005, to be assured of consideration. ADDRESSES: Direct all written comments to Glenn Kirkland, Internal Revenue Service, room 6510, 1111 Constitution Avenue, NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to Larnice Mack at Internal Revenue Service, room 6512, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202) 622–3179, or through the Internet at Larnice.Mack@irs.gov. SUPPLEMENTARY INFORMATION: Title: Application of the Grantor Trust Rules to Nonexempt Employees’ Trusts. OMB Number: 1545–1498. Regulation Project Number: REG– 209826–96. Abstract: This regulation provides rules for the application of the grantor trust rules to certain nonexempt employee’s trusts. Under section 1.671– 1(h)(3)(iii) of the regulation, the overfunded amount for certain foreign employees’ trusts will be reduced to the E:\FR\FM\23JNN1.SGM 23JNN1 Federal Register / Vol. 70, No. 120 / Thursday, June 23, 2005 / Notices extent the taxpayer demonstrates to the Commissioner, and indicates on a statement attached to a timely filed Form 5471, that the overfunded amount is attributable to a reasonable funding exception. The IRS needs this information to determine accurately the portion of the trust that is properly treated as owned by the employer. Current Actions: There is no change to this existing regulation. Type of Review: Extension of currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 1,000. Estimated Time Per Respondent: 1 hour. Estimated Total Annual Burden Hours: 1,000. The following paragraph applies to all of the collections of information covered by this notice: 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. 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. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: June 13, 2005. Glenn Kirkland, IRS Reports Clearance Officer. [FR Doc. E5–3258 Filed 6–22–05; 8:45 am] BILLING CODE 4830–01–P VerDate jul<14>2003 18:40 Jun 22, 2005 Jkt 205001 DEPARTMENT OF THE TREASURY Internal Revenue Service [REG–106876–00] Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning existing final regulation, REG–106876–00 Revision of Income Tax Regulations under Sections 897, 1445, and 6109 to require use of Taxpayer Identifying Numbers on Submission under the Section 897 and 1445 regualtions. DATES: Written comments should be received on or before August 22, 2005, to be assured of consideration. ADDRESSES: Direct all written comments to Glenn Kirkland, Internal Revenue Service, room 6512, 1111 Constitution Avenue, NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to Larnice Mack at Internal Revenue Service, Room 6512, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202)622–3179, or through the Internet at Larnice.Mack@irs.gov. SUMMARY: SUPPLEMENTARY INFORMATION: Title: Revision of Income Tax Regulations under Section 897, 1445, and 6109 to require use of Taxpayer Identifying Numbers on Submission under the Section 897 and 1445 regulations. OMB Number: 1545–1797. Regulation Project Number: REG–106876–00. Abstract: The collection of information relates to applications for withholding certificates under Treas. Reg-1.1445–3 to be filed with the IRS with respect to (1) dispositions of U.S. real property interests that have been used by foreign persons as a principle residence within the prior 5 years and excluded from gross income under section 121 and (2) dispositions of U.S. PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 36465 real property interests by foreign persons in deferred like kind exchanges that qualify for nonreognition under section 1031. Current Actions: There are no changes to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households and Business or other forprofit. Estimated Total Annual Reporting Burden: 600. Estimated Average Annual Burden per Respondent: 4. Estimated Number of Respondents: 150. The following paragraph applies to all of the collections of information covered by this notice: 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. 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. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: June 10, 2005. Glenn Kirkland, IRS Reports Clearance Officer. [FR Doc. E5–3260 Filed 6–22–05; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\23JNN1.SGM 23JNN1

Agencies

[Federal Register Volume 70, Number 120 (Thursday, June 23, 2005)]
[Notices]
[Pages 36464-36465]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-3258]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-209826-96]


Proposed Collection; Comment Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an 
existing notice of proposed rulemaking, REG-209826-96, Application of 
the Grantor Trust Rules to Nonexempt Employees' Trusts (Sec.  1.671-
1(h)(3)(iii)).

DATES: Written comments should be received on or before August 22, 
2005, to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn Kirkland, Internal 
Revenue Service, room 6510, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to Larnice Mack at 
Internal Revenue Service, room 6512, 1111 Constitution Avenue, NW., 
Washington, DC 20224, or at (202) 622-3179, or through the Internet at 
Larnice.Mack@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Application of the Grantor Trust Rules to Nonexempt 
Employees' Trusts.
    OMB Number: 1545-1498.
    Regulation Project Number: REG-209826-96.
    Abstract: This regulation provides rules for the application of the 
grantor trust rules to certain nonexempt employee's trusts. Under 
section 1.671-1(h)(3)(iii) of the regulation, the overfunded amount for 
certain foreign employees' trusts will be reduced to the

[[Page 36465]]

extent the taxpayer demonstrates to the Commissioner, and indicates on 
a statement attached to a timely filed Form 5471, that the overfunded 
amount is attributable to a reasonable funding exception. The IRS needs 
this information to determine accurately the portion of the trust that 
is properly treated as owned by the employer.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 1,000.
    Estimated Time Per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 1,000.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    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. 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.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: June 13, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-3258 Filed 6-22-05; 8:45 am]
BILLING CODE 4830-01-P

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