Proposed Collection; Comment Request for Regulation Project, 2923 [E7-853]
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Federal Register / Vol. 72, No. 14 / Tuesday, January 23, 2007 / Notices
Abstract: The Safe, Accountable,
Flexible Efficient Transportation Equity
Act—A Legacy for Users (SAFETEA–
LU; H.R. 3, Section 5601) requires the
BTS to provide ‘‘data, statistics, and
analysis to transportation decisionmakers’’ and to ensure that the statistics
‘‘are designed to support transportation
decision-making by the Federal
Government, State and local
governments, metropolitan planning
organizations, transportation-related
associations, the private sector
(including the freight community), and
the public.’’ The Survey of State
Funding for Public Transportation
provides data that are used to create an
annual summary report of state funding
for transit in the 50 states and the
District of Columbia. Each state DOT
will provide the source of funding for
transit programs (e.g., gas tax, sales tax,
license fees), the programs funded (e.g.,
bus operations, rail operations), the
amount of funding per program, the
eligible uses for the funding (capital
expenses, operating expenses, both),
and how funds are distributed
(discretionary, formula-based). The
information in this report is widely used
and is requested by Congress, state
legislatures and local governing bodies.
The information is useful in showing
state comparisons in types of public
transportation programs as well as
commitment to fund public
transportation capital and operating
costs.
The agency seeks public
comments on its proposed information
collection. Comments should address
whether the information will have
practical utility; the accuracy of the
agency’s estimate of the burden of the
proposed information collection; ways
to enhance the quality, utility and
clarity of the information to be
collected; and ways to minimize the
burden of the collection of information
on respondents, including the use of
automated collection techniques or
other forms of information technology.
Send comments to the Office of
Information and Regulatory Affairs,
Office of Management and Budget, 725–
17th Street, NW., Washington, DC
20503, Attention: RITA Desk Officer.
mstockstill on PROD1PC70 with NOTICES
ADDRESSES:
Issued in Washington, DC on this 17th day
of January, 2007.
William Bannister,
Assistant Director, Office of Advanced
Studies, Research and Advanced Technology
Administration, Bureau of Transportation
Statistics, U.S. Department of Transportation.
[FR Doc. E7–912 Filed 1–22–07; 8:45 am]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[FI–46–89]
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, FI–46–89 (T.D.
8641), Treatment of Acquisition of
Certain Financial Institutions; Certain
Tax Consequences of Federal Financial
Assistance to Financial Institutions
(§§ 1.597–2 and 1.597–4, 1.597–6 and
1.597–7).
DATES: Written comments should be
received on or before March 26, 2007 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. Kirkland, Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation should be
directed to Carolyn N. Brown at (202)
622–6688, or Carolyn.N.Brown@irs.gov,
or Internal Revenue Service, Room
6516, 1111 Constitution Avenue, NW.,
Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Treatment of Acquisition of
Certain Financial Institutions; Certain
Tax Consequences of Federal Financial
Assistance to Financial Institutions.
OMB Number: 1545–1300.
Regulation Project Number: FI–46–89.
Abstract: Recipients of Federal
financial assistance (FFA) must
maintain an account of FFA that is
deferred from inclusion in gross income
and subsequently recaptured. This
information is used to determine the
recipient’s tax liability. Also, tax not
subject to collection must be reported
and information must be provided if
certain elections are made.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
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2923
Affected Public: Business or other forprofit organizations, and the Federal
Government.
Estimated Number of Respondents:
500.
Estimated Time per Respondent: 4
hours, 24 minutes.
Estimated Total Annual Burden
Hours: 2,200.
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: January 11, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–853 Filed 1–22–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–104691–97]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
E:\FR\FM\23JAN1.SGM
23JAN1
Agencies
[Federal Register Volume 72, Number 14 (Tuesday, January 23, 2007)]
[Notices]
[Page 2923]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-853]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[FI-46-89]
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, FI-46-89 (T.D. 8641), Treatment of
Acquisition of Certain Financial Institutions; Certain Tax Consequences
of Federal Financial Assistance to Financial Institutions (Sec. Sec.
1.597-2 and 1.597-4, 1.597-6 and 1.597-7).
DATES: Written comments should be received on or before March 26, 2007
to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulation should be directed to Carolyn N. Brown at
(202) 622-6688, or Carolyn.N.Brown@irs.gov, or Internal Revenue
Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC
20224.
SUPPLEMENTARY INFORMATION:
Title: Treatment of Acquisition of Certain Financial Institutions;
Certain Tax Consequences of Federal Financial Assistance to Financial
Institutions.
OMB Number: 1545-1300.
Regulation Project Number: FI-46-89.
Abstract: Recipients of Federal financial assistance (FFA) must
maintain an account of FFA that is deferred from inclusion in gross
income and subsequently recaptured. This information is used to
determine the recipient's tax liability. Also, tax not subject to
collection must be reported and information must be provided if certain
elections are made.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
the Federal Government.
Estimated Number of Respondents: 500.
Estimated Time per Respondent: 4 hours, 24 minutes.
Estimated Total Annual Burden Hours: 2,200.
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: January 11, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-853 Filed 1-22-07; 8:45 am]
BILLING CODE 4830-01-P