Submission for OMB Review; Comment Request, 40580-40581 [E6-11151]
Download as PDF
<![CDATA[
40580
Federal Register / Vol. 71, No. 136 / Monday, July 17, 2006 / Notices
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
July 10, 2006.
The Department of Treasury has
submitted the following public
information collection requirement(s) to
OMB for review and clearance under the
Paperwork Reduction Act of 1995,
Public Law 104–13. Copies of the
submission(s) may be obtained by
calling the Treasury Bureau Clearance
Officer listed. Comments regarding this
information collection should be
addressed to the OMB reviewer listed
and to the Treasury Department
Clearance Officer, Department of the
Treasury, Room 11000, 1750
Pennsylvania Avenue, NW.,
Washington, DC 20220.
DATES: Written comments should be
received on or before August 16, 2006
to be assured of consideration.
rwilkins on PROD1PC63 with NOTICES
Internal Revenue Service (IRS)
OMB Number: 1545–2009.
Type of Review: Extension.
Title: Reducing Tax Burden on
America’s Taxpayers.
Description: The IRS Office of
Taxpayer Burden Reduction (TBR)
needs the taxpaying public’s help to
identify meaningful taxpayer burden
reduction opportunities that impact a
large number of taxpayers. This form
should be used to refer ideas for
reducing taxpayer burden to the TBR for
consideration and implementation.
Respondents: Business or other forprofit, individuals and households, notfor-profit institutions, state, local or
tribal governments, and farms.
Estimated Total Burden Hours: 62
hours.
OMB Number: 1545–2011.
Type of Review: Extension.
Title: Certification of Intent to Adopt
a Pre-Approved Plan.
Form: 8905.
Description: Form 8905 is used to
treat an employer’s plan as a preapproved plan and therefore eligible for
the six-year remedial amendment cycle
of Part IV of Revenue Procedure 2005–
66, 2005–37 IRB 509. This form is filed
with other documents.
Respondents: Business or other forprofit and not-for-profit institutions.
Estimated Total Burden Hours:
110,490 hours.
OMB Number: 1545–1850.
Type of Review: Extension.
Title: COREG–140930–02 (Final)
Testimony or Production of Records in
a Court or Other Proceeding.
Description: A written statement
required by a party seeking testimony or
VerDate Aug<31>2005
17:41 Jul 14, 2006
Jkt 208001
disclosure of IRS records or information
in a non-IRS matter.
Respondents: Business or other forprofit, individuals or households, notfor-profit institutions, farms.
Estimated Total Burden Hours: 1,400
hours.
OMB Number: 1545–0162.
Type of Review: Revision.
Title: Credit for Federal Tax Paid on
Fuels.
Form: Form 4136.
Description: Internal Revenue Code
section 34 allows a credit for Federal
excise tax for certain fuel uses. This
form is used to figure the amount of the
income tax credit. The data is used to
verify the claim for the type of
nontaxable or exempt use.
Respondents: Business or other forprofit, individuals and households.
Estimated Total Burden Hours:
9,822,578 hours.
OMB Number: 1545–1998.
Type of Review: Extension.
Title: Alternative Motor Vehicle Tax
Credit.
Form: Form 8910.
Description: Taxpayers will use Form
8910 to claim the credit for certain
alternative motor vehicles placed in
service after 2005.
Respondents: Business or other forprofit, individuals and households, notfor-profit institutions, farms, Federal
government, and state and local
governments.
Estimated Total Burden Hours: 98,800
hours.
OMB Number: 1545–0046.
Type of Review: Extension.
Title: Reduction of Tax Attributes Due
to Discharge of Indebtedness (and
Section 1082 Basis Adjustment).
Form: Form 982.
Description: Internal Revenue Code
section 108 allows taxpayers to exclude
from gross income amounts attributable
to discharge of indebtedness in title 11
cases, insolvency, or a qualified farm
indebtedness. Code section 1081(b)
allows corporations to exclude from
gross income amounts attributable to
certain transfers of property. The data is
used to verify adjustments to basis of
property and reductions of tax
attributes.
Respondents: Business or other forprofit, individuals and households,
farms, Federal, state, local, and tribal
governments.
Estimated Total Burden Hours: 7,171
hours.
OMB Number: 1545–0215.
Type of Review: Extension.
Title: Form 5712, Election to be
treated as a possessions corporation
under section 936; Form 5712–A,
election and verification of the cost
PO 00000
Frm 00112
Fmt 4703
Sfmt 4703
sharing or profit split method under
section 936(h)(5).
Form: Forms 5712 and 5712–A.
Description: Domestic corporations
may elect to be treated as possessions
corporations of Form 5712. This
election allows the corporations to take
a tax credit. Possession corporations
may elect on Form 5712–A to share
their taxable income with their affiliates
under Internal Revenue Code section
936(h)(5). These forms are used by the
IRS to ascertain if corporations are
entitled to the credit and if they may
share their taxable income with their
affiliates.
Respondents: Business or other forprofit, farms, Federal, state, local, and
tribal governments.
Estimated Total Burden Hours: 7,037
hours.
OMB Number: 1545–2001.
Type of Review: Extension.
Title: Rev. Proc. 2006–16, Renewal
Community Depreciation Provisions.
Description: This revenue procedure
provides the time and manner for states
to make retroactive allocations of
commercial revitalization expenditure
amounts to certain buildings placed in
service in the expanded area of a
renewal community pursuant to
1400E(g) of the Internal Revenue Code.
Respondents: Business or other forprofit, state, local, and tribal
governments.
Estimated Total Burden Hours: 150
hours.
OMB Number: 1545–1674.
Type of Review: Extension.
Title: Revenue Procedure 2005–16
(Master and Prototype and Volume
Submitter Plans).
Description: The master and prototype
and volume submitter revenue
procedure sets for the procedures for
sponsors of master and prototype and
volume submitter pension, profitsharing and annuity plans to request an
opinion letter or an advisory letter from
the Internal Revenue Service that the
form of a mater prototype plan or
volume submitter plan meets the
requirements of section 401(a) of the
Internal Revenue Code.
Respondents: Business or other forprofit, individuals and households, notfor-profit institutions, farms, state, local
and tribal governments.
Estimated Total Burden Hours:
1,058,850 hours.
OMB Number: 1545–2002.
Type of Review: Extension.
Title: Notice 2006–25, Qualifying
Gasification Project Program.
Description: This notice establishes
the qualifying project program under
48B of the Internal Revenue Code. The
notice provides the time and manner for
E:\FR\FM\17JYN1.SGM
17JYN1
Federal Register / Vol. 71, No. 136 / Monday, July 17, 2006 / Notices
a taxpayer to apply for an allocation of
qualifying gasification project credits.
Respondents: Business or other forprofit.
Estimated Total Burden Hours: 1,700
hours.
Glenn P. Kirkland, (202) 622–3428,
Internal Revenue Service, Room 6516,
1111 Constitution Avenue, NW.,
Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt,
(202) 395–7316, Office of Management
and Budget, Room 10235, New
Executive Office Building, Washington,
DC 20503.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E6–11151 Filed 7–14–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Office of the Secretary
Notice of Call for Redemption: 14
Percent Treasury Bonds of 2006–11
Washington, DC
rwilkins on PROD1PC63 with NOTICES
1. As of July 14, 2006, public notice
is hereby given that all outstanding 14
percent Treasury Bonds of 2006–11
(CUSIP No. 912810 CY 2) dated
November 16, 1981, due November 15,
2011, are hereby called for redemption
at par on November 15, 2006, on which
date interest on such bonds will cease.
2. Full information regarding the
presentation and surrender of such
bonds held in coupon and registered
form for redemption under this call will
be found in Department of the Treasury
Circular No. 300 dated March 4, 1973,
as amended (31 CFR Part 306), and from
the Definitives Section of the Bureau of
the Public Debt (telephone (304) 480–
7537), and on the Bureau of the Public
Debt’s Web site https://
www.publicdebt.treas.gov.
3. Redemption payments for such
bonds held in book-entry form, whether
on the books of the Federal Reserve
Banks or in Treasury Direct accounts,
will be made automatically on
November 15, 2006.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. 06–6218 Filed 7–14–06; 8:45 am]
BILLING CODE 4810–40–M
VerDate Aug<31>2005
17:41 Jul 14, 2006
Jkt 208001
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Proposed Information
Collection; Comment Request
Office of the Comptroller of the
Currency, Treasury.
ACTION: Notice and request for comment.
AGENCY:
SUMMARY: The OCC, 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 a continuing information
collection, as required by the Paperwork
Reduction Act of 1995. An agency may
not conduct or sponsor, and a
respondent is not required to respond
to, an information collection unless it
displays a currently valid OMB control
number. The OCC is soliciting comment
concerning its information collection
titled, ‘‘Leasing—12 CFR Part 23.’’
DATES: Comments must be received by
September 15, 2006.
ADDRESSES: Communications Division,
Office of the Comptroller of the
Currency, Public Information Room,
Mailstop 1–5, Attention: 1557–0206,
250 E Street, SW., Washington, DC
20219. In addition, comments may be
sent by fax to (202) 874–4448, or by
electronic mail to
regs.comments@occ.treas.gov. You can
inspect and photocopy the comments at
the OCC’s Public Information Room, 250
E Street, SW., Washington, DC 20219.
You can make an appointment to
inspect the comments by calling (202)
874–5043.
Additionally, you should send a copy
of your comments to OCC Desk Officer,
1557–0206, by mail to U.S. Office of
Management and Budget, 725, 17th
Street, NW., #10235, Washington, DC
20503, or by fax to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: You
can request additional information or a
copy of the collection from Mary
Gottlieb, OCC Clearance Officer, or
Camille Dickerson, (202) 874–5090,
Legislative and Regulatory Activities
Division, Office of the Comptroller of
the Currency, 250 E Street, SW.,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC
is proposing to extend OMB approval of
the following information collection:
Title: Leasing (12 CFR Part 23).
OMB Number: 1557–0206.
Description: This submission covers
an existing regulation and involves no
change to the regulation or to the
information collection requirements.
PO 00000
Frm 00113
Fmt 4703
Sfmt 4703
40581
The OCC requests only that OMB extend
the expiration date.
Information Collection Requirements
Found in 12 CFR Part 23
12 CFR 23.4(c)—National banks must
liquidate or re-lease personal property
that is no longer subject to lease (offlease property) within five years from
the lease expiration. If a bank wishes to
extend the five-year holding period for
up to an additional five years, it must
obtain OCC approval. Permitting a bank
to extend the holding period confers a
benefit on national banks and may
result in cost savings. It also provides
flexibility for a bank that experiences
unusual or unforeseen conditions under
which it would be imprudent to dispose
of the off-lease property. Section 23.4(c)
requires a bank to provide a clearly
convincing demonstration as to why an
additional holding period is necessary.
In addition, a bank must value off-lease
property at the lower of current fair
market value or book value promptly
after the property comes off-lease. These
requirements enable the OCC to ensure
that a bank is not holding the property
for speculative reasons and that the
value of the property is recorded in
accordance with generally accepted
accounting procedures (GAAP).
Section 23.5—Twelve U.S.C. 24
contains two separate provisions
authorizing a national bank to acquire
personal property for purposes of lease
financing. Twelve U.S.C. 24 (Seventh)
applies if the lease serves as the
functional equivalent of a loan. Such
leases are subject to the lending limits
prescribed by 12 U.S.C. 84 or, if the
lessee is an affiliate of the bank, to the
restrictions on transactions with
affiliates prescribed by 12 U.S.C. 371c
and 371c–1. A national bank may also
acquire personal property for purposes
of lease financing under the authority of
12 U.S.C. 24 (Tenth) (CEBA Leases).
This provision authorizes a national
bank to invest in CEBA Leases up to 10
percent of its assets. Section 23.5
requires that if a bank enters into both
types of leases, its records must
distinguish between the two types of
leases. This information is required to
evidence compliance with the statutory
limitation on the aggregate amount a
national bank may invest in CEBA
Leases.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals;
Businesses or other for-profit.
Estimated Number of Respondents:
370.
Estimated Total Annual Responses:
370.
Frequency of Response: On occasion.
E:\FR\FM\17JYN1.SGM
17JYN1
]]>Agencies
[Federal Register Volume 71, Number 136 (Monday, July 17, 2006)]
[Notices]
[Pages 40580-40581]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-11151]
[[Page 40580]]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
July 10, 2006.
The Department of Treasury has submitted the following public
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of
the submission(s) may be obtained by calling the Treasury Bureau
Clearance Officer listed. Comments regarding this information
collection should be addressed to the OMB reviewer listed and to the
Treasury Department Clearance Officer, Department of the Treasury, Room
11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.
DATES: Written comments should be received on or before August 16, 2006
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-2009.
Type of Review: Extension.
Title: Reducing Tax Burden on America's Taxpayers.
Description: The IRS Office of Taxpayer Burden Reduction (TBR)
needs the taxpaying public's help to identify meaningful taxpayer
burden reduction opportunities that impact a large number of taxpayers.
This form should be used to refer ideas for reducing taxpayer burden to
the TBR for consideration and implementation.
Respondents: Business or other for-profit, individuals and
households, not-for-profit institutions, state, local or tribal
governments, and farms.
Estimated Total Burden Hours: 62 hours.
OMB Number: 1545-2011.
Type of Review: Extension.
Title: Certification of Intent to Adopt a Pre-Approved Plan.
Form: 8905.
Description: Form 8905 is used to treat an employer's plan as a
pre-approved plan and therefore eligible for the six-year remedial
amendment cycle of Part IV of Revenue Procedure 2005-66, 2005-37 IRB
509. This form is filed with other documents.
Respondents: Business or other for-profit and not-for-profit
institutions.
Estimated Total Burden Hours: 110,490 hours.
OMB Number: 1545-1850.
Type of Review: Extension.
Title: COREG-140930-02 (Final) Testimony or Production of Records
in a Court or Other Proceeding.
Description: A written statement required by a party seeking
testimony or disclosure of IRS records or information in a non-IRS
matter.
Respondents: Business or other for-profit, individuals or
households, not-for-profit institutions, farms.
Estimated Total Burden Hours: 1,400 hours.
OMB Number: 1545-0162.
Type of Review: Revision.
Title: Credit for Federal Tax Paid on Fuels.
Form: Form 4136.
Description: Internal Revenue Code section 34 allows a credit for
Federal excise tax for certain fuel uses. This form is used to figure
the amount of the income tax credit. The data is used to verify the
claim for the type of nontaxable or exempt use.
Respondents: Business or other for-profit, individuals and
households.
Estimated Total Burden Hours: 9,822,578 hours.
OMB Number: 1545-1998.
Type of Review: Extension.
Title: Alternative Motor Vehicle Tax Credit.
Form: Form 8910.
Description: Taxpayers will use Form 8910 to claim the credit for
certain alternative motor vehicles placed in service after 2005.
Respondents: Business or other for-profit, individuals and
households, not-for-profit institutions, farms, Federal government, and
state and local governments.
Estimated Total Burden Hours: 98,800 hours.
OMB Number: 1545-0046.
Type of Review: Extension.
Title: Reduction of Tax Attributes Due to Discharge of Indebtedness
(and Section 1082 Basis Adjustment).
Form: Form 982.
Description: Internal Revenue Code section 108 allows taxpayers to
exclude from gross income amounts attributable to discharge of
indebtedness in title 11 cases, insolvency, or a qualified farm
indebtedness. Code section 1081(b) allows corporations to exclude from
gross income amounts attributable to certain transfers of property. The
data is used to verify adjustments to basis of property and reductions
of tax attributes.
Respondents: Business or other for-profit, individuals and
households, farms, Federal, state, local, and tribal governments.
Estimated Total Burden Hours: 7,171 hours.
OMB Number: 1545-0215.
Type of Review: Extension.
Title: Form 5712, Election to be treated as a possessions
corporation under section 936; Form 5712-A, election and verification
of the cost sharing or profit split method under section 936(h)(5).
Form: Forms 5712 and 5712-A.
Description: Domestic corporations may elect to be treated as
possessions corporations of Form 5712. This election allows the
corporations to take a tax credit. Possession corporations may elect on
Form 5712-A to share their taxable income with their affiliates under
Internal Revenue Code section 936(h)(5). These forms are used by the
IRS to ascertain if corporations are entitled to the credit and if they
may share their taxable income with their affiliates.
Respondents: Business or other for-profit, farms, Federal, state,
local, and tribal governments.
Estimated Total Burden Hours: 7,037 hours.
OMB Number: 1545-2001.
Type of Review: Extension.
Title: Rev. Proc. 2006-16, Renewal Community Depreciation
Provisions.
Description: This revenue procedure provides the time and manner
for states to make retroactive allocations of commercial revitalization
expenditure amounts to certain buildings placed in service in the
expanded area of a renewal community pursuant to 1400E(g) of the
Internal Revenue Code.
Respondents: Business or other for-profit, state, local, and tribal
governments.
Estimated Total Burden Hours: 150 hours.
OMB Number: 1545-1674.
Type of Review: Extension.
Title: Revenue Procedure 2005-16 (Master and Prototype and Volume
Submitter Plans).
Description: The master and prototype and volume submitter revenue
procedure sets for the procedures for sponsors of master and prototype
and volume submitter pension, profit-sharing and annuity plans to
request an opinion letter or an advisory letter from the Internal
Revenue Service that the form of a mater prototype plan or volume
submitter plan meets the requirements of section 401(a) of the Internal
Revenue Code.
Respondents: Business or other for-profit, individuals and
households, not-for-profit institutions, farms, state, local and tribal
governments.
Estimated Total Burden Hours: 1,058,850 hours.
OMB Number: 1545-2002.
Type of Review: Extension.
Title: Notice 2006-25, Qualifying Gasification Project Program.
Description: This notice establishes the qualifying project program
under 48B of the Internal Revenue Code. The notice provides the time
and manner for
[[Page 40581]]
a taxpayer to apply for an allocation of qualifying gasification
project credits.
Respondents: Business or other for-profit.
Estimated Total Burden Hours: 1,700 hours.
Glenn P. Kirkland, (202) 622-3428, Internal Revenue Service, Room
6516, 1111 Constitution Avenue, NW., Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt, (202) 395-7316, Office of
Management and Budget, Room 10235, New Executive Office Building,
Washington, DC 20503.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E6-11151 Filed 7-14-06; 8:45 am]
BILLING CODE 4830-01-P
