Submission for OMB Review; Comment Request, 46977 [E6-13309]

Download as PDF Federal Register / Vol. 71, No. 157 / Tuesday, August 15, 2006 / Notices DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request August 9, 2006. mstockstill on PROD1PC61 with NOTICES 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 September 14, 2006 to be assured of consideration. Internal Revenue Service (IRS) OMB Number: 1545–0228. Type of Review: Extension. Title: Installment Sale Income. Form: 6252. Description: Information is needed to figure and report an installment sale for a casual or incidental sale of personal property, and a sale of real property by someone not in the business of selling real estate. Data is used to determine whether the installment sale has been properly reported and the correct amount of profit is included in income on the taxpayer’s return. Respondents: Business and other forprofit institutions. Estimated Total Burden Hours: 1,597,008 hours. OMB Number: 1545–0314. Type of Review: Extension. Title: Form 6466, Transmittal of Forms W–4 Reported Magnetically/ Electronically; Form 6467, Transmittal of Forms W–4 Reported Magnetically/ Electronically (Continuation). Form: 6466 and 6467. Description: Under Regulation Section 31.3402(f)(2)–1(g), employers are required to submit certain withholding certificates (Form W–4) to the IRS. Transmittal Form 6466 and the continuation sheet Form 6467 are submitted by an employer, or authorized agent of the employer, who will be reporting submissions of Form W–4 on magnetic/electronic media. Respondents: Business and other forprofit institutions. Estimated Total Burden Hours: 133 hours. Clearance Officer: Glenn P. Kirkland, Internal Revenue Service, Room 6516, VerDate Aug<31>2005 15:41 Aug 14, 2006 Jkt 208001 1111 Constitution Avenue, NW., Washington, DC 20224, (202) 622–3428. OMB Reviewer: Alexander T. Hunt Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503, (202) 395–7316. Robert Dahl, Treasury PRA Clearance Officer. [FR Doc. E6–13309 Filed 8–14–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Comment Request: Community Development Financial Institutions Fund: Comment Request on the Release of Transaction Level Report Data and Allocation Tracking System Data Provided by New Markets Tax Credit Program Allocatees Notice and request for comments. ACTION: SUMMARY: Currently, the Community Development Financial Institutions Fund (the Fund), a government corporation within the Department of the Treasury, is soliciting comments on the release of Transaction Level Report Data and Allocation Tracking System Data provided to the Fund by New Markets Tax Credit (NMTC) Program allocatees. DATES: Written comments must be received on or before October 16, 2006 to be assured of consideration. ADDRESSES: Comments must be submitted in writing and sent to Donna Fabiani, Manager for Financial Strategies and Research, as follows: (i) By mail to: Community Development Financial Institutions Fund, U.S. Department of the Treasury, 601 13th Street, NW., Suite 200 South, Washington, DC 20005; (ii) by e-mail to: NMTCTLRcomment@cdfi.treas.gov; or (iii) by fax to: (202) 622–7754. FOR FURTHER INFORMATION CONTACT: Donna Fabiani, Manager for Financial Strategies and Research, as noted above. SUPPLEMENTARY INFORMATION: Title: Release of Transaction Level Report Data and Allocation Tracking System Data Provided by New Markets Tax Credit (NMTC) Program Allocatees. Abstract: The Fund’s mission is to expand the capacity of financial institutions to provide credit, capital and financial services to underserved populations and communities in the United States. The Fund’s strategic goal is to improve the economic conditions PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 46977 of underserved communities by providing capital and technical assistance to Community Development Financial Institutions (CDFIs), capital to insured depository institutions, and tax credit allocations to Community Development Entities (CDEs), which provide credit, capital, financial services, and development services to these markets. The Fund certifies entities as CDFIs and/or CDEs. In June 2004, the Fund launched a new web-based data collection system called the Community Investment Impact System (CIIS). Certified CDFIs, CDFIs that have received monetary awards from the Fund through its other programs, and CDEs that have received NMTC allocations use CIIS to report their annual performance and compliance information to the Fund. The data include institution level information on CDFIs and CDEs including financial condition, staffing, ownership, markets served, loan and investment portfolios, loan sales and purchases, financial services provided, technical assistance and training provided, and community development impacts. For CDEs and a portion of reporting CDFIs, the CIIS data also include detailed transaction level data on each loan or investment in the institutions’ portfolios. This transaction level data includes borrower characteristics, loan terms and repayment status, and community development outcomes associated with the transaction, such as jobs created, housing units developed, and square feet of real estate developed. The CIIS database is the only source of standardized transaction level data on CDFI and CDE loans and investments. The Fund has a second reporting system, called the Allocation Tracking System (ATS), that CDEs that have received NMTC allocations (allocatees) use to report on their Qualified Equity Investments (QEIs). Through the ATS, an allocatee reports to the Fund timely information regarding the issuance of QEIs by the allocatee or any of the subsidiary CDEs to which the allocatee transfers its NMTC allocation (i.e., subsidiary allocatees). ATS data include the amount and date of each QEI as well as various investor characteristics, including investor type. The Fund intends to make the Transaction Level Report data and the ATS data available to the public within the parameters of all applicable Federal information protection, privacy and confidentiality laws. The Fund expects that said data could be used by CDFIs, CDEs, funders, investors, researchers and others to gain a better understanding of the community E:\FR\FM\15AUN1.SGM 15AUN1

Agencies

[Federal Register Volume 71, Number 157 (Tuesday, August 15, 2006)]
[Notices]
[Page 46977]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-13309]



[[Page 46977]]

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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 9, 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 September 14, 
2006 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0228.
    Type of Review: Extension.
    Title: Installment Sale Income.
    Form: 6252.
    Description: Information is needed to figure and report an 
installment sale for a casual or incidental sale of personal property, 
and a sale of real property by someone not in the business of selling 
real estate. Data is used to determine whether the installment sale has 
been properly reported and the correct amount of profit is included in 
income on the taxpayer's return.
    Respondents: Business and other for-profit institutions.
    Estimated Total Burden Hours: 1,597,008 hours.

    OMB Number: 1545-0314.
    Type of Review: Extension.
    Title: Form 6466, Transmittal of Forms W-4 Reported Magnetically/ 
Electronically; Form 6467, Transmittal of Forms W-4 Reported 
Magnetically/Electronically (Continuation).
    Form: 6466 and 6467.
    Description: Under Regulation Section 31.3402(f)(2)-1(g), employers 
are required to submit certain withholding certificates (Form W-4) to 
the IRS. Transmittal Form 6466 and the continuation sheet Form 6467 are 
submitted by an employer, or authorized agent of the employer, who will 
be reporting submissions of Form W-4 on magnetic/electronic media.
    Respondents: Business and other for-profit institutions.
    Estimated Total Burden Hours: 133 hours.

    Clearance Officer: Glenn P. Kirkland, Internal Revenue Service, 
Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224, (202) 
622-3428.
    OMB Reviewer: Alexander T. Hunt Office of Management and Budget, 
Room 10235, New Executive Office Building, Washington, DC 20503, (202) 
395-7316.

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E6-13309 Filed 8-14-06; 8:45 am]
BILLING CODE 4830-01-P

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