Proposed Collection; Comment Request for Regulation Project, 57023 [E6-15895]
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Federal Register / Vol. 71, No. 188 / Thursday, September 28, 2006 / Notices
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).
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: September 15 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–15879 Filed 9–27–06; 8:45 am]
BILLING CODE 4830–01–P
sroberts on PROD1PC70 with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Return of Partnership Income.
OMB Number: 1545–1583. Regulation
Project Number: REG–209322–82.
Abstract: Section 1.6031(a)–1 requires
partnerships to file a partnership return.
The information in this section is
required to enable the IRS to verify that
a taxpayer is reporting the correct
amount of income or gain or claiming
the correct amount of losses,
deductions, or credits from that
taxpayer’s interest in the partnership.
The partnership return is filed on Form
1065.
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, and farms. The
burden is reflected in the burden
estimate of Form 1065.
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
VerDate Aug<31>2005
20:16 Sep 27, 2006
Jkt 208001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–248900–96]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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 final regulation, REG–248900–
96, Definition of Private Activity Bonds
(§§ 1.141–1, 1.141–12, 1.142–2, and
1.148–6).
DATES: Written comments should be
received on or before November 27,
2006 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).
SUPPLEMENTARY INFORMATION:
Title: Definition of Private Activity
Bonds.
OMB Number: 1545–1451.
Regulation Project Number: REG–
248900–98.
Abstract: Internal Revenue Code
section 103 provides generally that
interest on certain State or local bonds
PO 00000
Frm 00075
Fmt 4703
Sfmt 4703
57023
is excluded from gross income.
However, under Code sections 103(b)(1)
and 141, interest on private activity
bonds (other than qualified bonds) is
not excluded. This regulation provides
rules, for purposes of Code section 141,
to determine how bond proceeds are
measured and used and how debt
service for those bonds is paid or
secured.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: State, local or tribal
governments.
Estimated Number of Respondents:
10,100.
Estimated Time Per Respondent: 2
hours, 50 minutes.
Estimated Total Annual Burden
Hours: 30,100.
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: September 14, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–15895 Filed 9–27–06; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\28SEN1.SGM
28SEN1
]]>Agencies
[Federal Register Volume 71, Number 188 (Thursday, September 28, 2006)]
[Notices]
[Page 57023]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-15895]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-248900-96]
Proposed Collection; Comment Request for Regulation Project
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
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 final regulation, REG-248900-96, Definition of Private
Activity Bonds (Sec. Sec. 1.141-1, 1.141-12, 1.142-2, and 1.148-6).
DATES: Written comments should be received on or before November 27,
2006 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).
SUPPLEMENTARY INFORMATION:
Title: Definition of Private Activity Bonds.
OMB Number: 1545-1451.
Regulation Project Number: REG-248900-98.
Abstract: Internal Revenue Code section 103 provides generally that
interest on certain State or local bonds is excluded from gross income.
However, under Code sections 103(b)(1) and 141, interest on private
activity bonds (other than qualified bonds) is not excluded. This
regulation provides rules, for purposes of Code section 141, to
determine how bond proceeds are measured and used and how debt service
for those bonds is paid or secured.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of currently approved collection.
Affected Public: State, local or tribal governments.
Estimated Number of Respondents: 10,100.
Estimated Time Per Respondent: 2 hours, 50 minutes.
Estimated Total Annual Burden Hours: 30,100.
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: September 14, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-15895 Filed 9-27-06; 8:45 am]
BILLING CODE 4830-01-P
