Submission for OMB Review; Comment Request, 12261-12262 [E7-4781]

Download as PDF Federal Register / Vol. 72, No. 50 / Thursday, March 15, 2007 / Notices DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Finance Docket No. 35002] rmajette on PROD1PC67 with NOTICES Savage Bingham & Garfield Railroad Company—Acquisition and Operation Exemption—Union Pacific Railroad Company Savage Bingham & Garfield Railroad Company (SBGR), a noncarrier, has filed a verified notice of exemption under 49 CFR 1150.31 to acquire from Union Pacific Railroad Company (UP) and to operate freight easements upon, over, and across: (a) UP’s lines of railroad between milepost 4.66 at Welby and milepost 17.10 at Magna (Garfield Branch), and between milepost 0.00 at Kearns and milepost 2.01 at Bacchus (Bacchus Branch); (b) the UP line of railroad between milepost 0.18 at Midvale and milepost 6.60 at Bagley Spur (Bingham Industrial Lead); and (c) various UP wye, yard and team tracks in the vicinity of Midvale (Midvale Trackage), a total of 20.87 miles, all in Salt Lake County, UT. SBGR states that it will enter into a freight operating agreement and related agreements with UP governing SBGR’s operations over the Bacchus Branch, the Garfield Branch and the Midvale Trackage. In addition, as a result of a separate transaction between the Utah Transit Authority (UTA) and UP, UP will: (a) Convey the right-of-way of the Bingham Industrial Lead to UTA; (b) reserve an operating easement over the Bingham Industrial Lead; and (c) convey such operating easement to SBGR. SBGR will enter into an administration and coordination agreement with UTA governing the provision of rail services by SBGR over the Bingham Industrial Lead during specified time separated periods when the planned UTA passenger light rail services are not in operation. UP and SBGR will interchange traffic at UP’s Roper, UT rail yard. SBGR certifies that its projected annual revenues as a result of the transaction will not result in the creation of a Class II or Class I rail carrier and will not exceed $5 million. The earliest this transaction may be consummated is the March 29, 2007 effective date of the exemption (30 days after the exemption was filed). If the verified 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. Petitions for stay must be filed no later VerDate Aug<31>2005 14:20 Mar 14, 2007 Jkt 211001 than March 22, 2007 (at least 7 days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to STB Finance Docket No. 35002, must be filed with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423– 0001. In addition, a copy of each pleading must be served on Robert P. vom Eigen, 3000 K Street, NW., Washington, DC 20007. Board decisions and notices are available on our Web site at https:// www.stb.dot.gov. Decided: March 7, 2007. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E7–4514 Filed 3–14–07; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Docket No. AB–290 (Sub–No. 292X)] Norfolk Southern Railway Company— Discontinuance Exemption—in Mahoning County, OH Norfolk Southern Railway Company (NSR) has filed a verified notice of exemption under 49 CFR 1152 Subpart F—Exempt Abandonments and Discontinuances of Service to discontinue service over a 15.70-mile line of railroad between milepost RZ 20.20 near North Jackson and milepost RZ 35.90 near Sebring, in Mahoning County, OH. The line traverses United States Postal Service Zip Codes 44451, 44609, and 44672, and includes the stations of Ellsworth, Berlin Center, Berl, Snodes, Ring, and N. Sebring. UP has certified that: (1) No traffic has moved over the line for at least 2 years; (2) all overhead traffic has been rerouted over other lines; (3) no formal complaint filed by a user of rail service on the line (or by a state or local government entity acting on behalf of such user) regarding cessation of service over the line either is pending with the Board or with any U.S. District Court or has been decided in favor of complainant within the 2year period; and (4) the requirements at 49 CFR 1105.12 (newspaper publication) and 49 CFR 1152.50(d)(1) (notice to governmental agencies) have been met. As a condition to this exemption, any employee adversely affected by the discontinuance of service shall be protected under Oregon Short Line R. Co.—Abandonment—Goshen, 360 I.C.C. PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 12261 91 (1979). To address whether this condition adequately protects affected employees, a petition for partial revocation under 49 U.S.C. 10502(d) must be filed. Provided no formal expression of intent to file an offer of financial assistance (OFA) has been received, this exemption will be effective on April 14, 2007, unless stayed pending reconsideration. Petitions to stay that do not involve environmental issues and formal expressions of intent to file an OFA for continued rail service under 49 CFR 1152.27(c)(2),1 must be filed by March 26, 2007.2 Petitions to reopen must be filed by April 4, 2007, with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423– 0001. A copy of any petition filed with the Board should be sent to NSR’s representative: James R. Paschall, Senior General Attorney, Norfolk Southern Railway Company, Three Commercial Place, Norfolk, VA 23510. If the verified notice contains false or misleading information, the exemption is void ab initio. Board decisions and notices are available on our Web site at https:// www.stb.dot.gov. Decided: February 28, 2007. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E7–4422 Filed 3–14–07; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request March 9, 2007. 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 1 Each OFA must be accompanied by the filing fee, which currently is set at $1,300. See 49 CFR 1002.2(f)(25). 2 Because this is a discontinuance proceeding and not an abandonment, trail use/rail banking and public use conditions are not appropriate. Likewise, no environmental or historical documentation is required here under 49 CFR 1105.6(c) and 1105.8(b), respectively. E:\FR\FM\15MRN1.SGM 15MRN1 12262 Federal Register / Vol. 72, No. 50 / Thursday, March 15, 2007 / Notices Treasury, Room 11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220. Dates: Written comments should be received on or before April 16, 2007 to be assured of consideration. rmajette on PROD1PC67 with NOTICES Internal Revenue Service (IRS) OMB Number: 1545–1865. Type of Review: Extension. Title: Notice 2003–75, Registered Retirement Savings Plans (RRSP) and Registered Income Funds (RRIF) Information Reporting. Description: This notice announces an alternative, simplified reporting regime for the owners of certain Canadian Individual retirement plans that have been subject to reporting on Forms 3520 and 3520–A, and it describes the interim reporting rules that taxpayers must follow until a new form is available. Respondents: Individuals or households. Estimated Total Burden Hours: 1,500,000 hours. OMB Number: 1545–1555. Type of Review: Extension. Title: REG–115795–97 (Final) General Rules for Making and Maintaining Qualified Electing Fund Elections. Description: The regulations provide rules for making section 1295 elections and satisfying annual reporting requirements for such elections, revoking section 1295 elections, and making retroactive section 1295 elections. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 623 hours. OMB Number: 1545–1868. Type of Review: Extension. Title: REG–116664–01 (NPRM and Temporary) Guidance To Facilitate Business Electronic Filing. Description: These regulations remove certain impediments to the electronic filing of business tax returns and other forms. The regulations reduce the number of instances in which taxpayers must attach supporting documents to their tax returns. The regulations also expand slightly the required content of a statement certain taxpayers must submit with their returns to justify deductions for charitable contributions. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 250,000 hours. OMB Number: 1545–0145. Type of Review: Extension. Title: Notice to Shareholder of Undistributed Long-Term Capital Gains. Form: 2439. VerDate Aug<31>2005 14:20 Mar 14, 2007 Jkt 211001 Description: Form 2439 is sent by regulated investment companies and real estate investment trusts to report undistributed capital gains and the amount of tax paid on these gains designated under IRC section 852(b)(3)(D) or 857(b)(3)(D). The company, the trust, and the shareholder file copies of Form 2439 with IRS. IRS uses the information to check shareholder compliance. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 29,995 hours. OMB Number: 1545–1379. Type of Review: Extension. Title: Excise Taxes on Excess Inclusions of REMIC Residual Interests. Form: 8831. Description: Form 8831 is used by a real estate mortgage investment conduit (REMIC) to figure its excise tax liability under Code sections 860E(e)(1), 860E(e)(6), and 860E(e)(7). IRS uses the information to determine the correct tax liability of the REMIC. Respondents: Businesses or other forprofit institutions. Estimated Total Burden Hours: 237 hours. OMB Number: 1545–0045. Type of Review: Extension. Title: Claim for Deficiency Dividends Deductions by a Personal Holding Company, Regulated Investment Company, or Real Estate Investment Trust. Form: 976. Description: Form 976 is filed by corporations that wish to claim a deficiency dividend deduction. The deduction allows the corporation to eliminate all or a portion of a tax deficiency. The IRS uses Form 976 to determine if shareholders have included amounts in gross income. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 3,830 hours. OMB Number: 1545–1813. Type of Review: Extension. Title: Health Coverage Tax Credit (HCTC) Advance Payments. Form: 1099–H. Description: Form 1099–H is used to report advance payments of health insurance premiums to qualified recipients for their use in computing the allowable health insurance credit on Form 8885. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 33,000 hours. OMB Number: 1545–0044. Type of Review: Extension. PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 Title: Corporation Claim for Deduction for Consent Dividends. Form: 973. Description: Corporations file Form 973 to claim a deduction for dividends paid. If shareholders consent and IRS approves, the corporation may claim a deduction for dividends paid, which reduces the corporation’s tax liability. IRS uses Form 973 to determine if shareholders have included the dividend in gross income. Respondents: Businesses or other forprofit institutions. Estimated Total Burden Hours: 2,210 hours. OMB Number: 1545–0755. Type of Review: Extension. Title: LR–58–83 (Final) Related Group Election With Respect to Qualified Investments in Foreign Base Company Shipping Operations. Description: The election described in the attached justification converted an annual election to an election effective until revoked. The computational information required is necessary to assure that the U.S. shareholder correctly reports any shipping income of its controlled foreign corporations which is taxable to that shareholder. Respondents: Businesses or other forprofit institutions. Estimated Total Burden Hours: 205 hours. Clearance Officer: 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. E7–4781 Filed 3–14–07; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 990–N 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 E:\FR\FM\15MRN1.SGM 15MRN1

Agencies

[Federal Register Volume 72, Number 50 (Thursday, March 15, 2007)]
[Notices]
[Pages 12261-12262]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-4781]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

March 9, 2007.
    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

[[Page 12262]]

Treasury, Room 11000, 1750 Pennsylvania Avenue, NW., Washington, DC 
20220.
    Dates: Written comments should be received on or before April 16, 
2007 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1865.
    Type of Review: Extension.
    Title: Notice 2003-75, Registered Retirement Savings Plans (RRSP) 
and Registered Income Funds (RRIF) Information Reporting.
    Description: This notice announces an alternative, simplified 
reporting regime for the owners of certain Canadian Individual 
retirement plans that have been subject to reporting on Forms 3520 and 
3520-A, and it describes the interim reporting rules that taxpayers 
must follow until a new form is available.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 1,500,000 hours.

    OMB Number: 1545-1555.
    Type of Review: Extension.
    Title: REG-115795-97 (Final) General Rules for Making and 
Maintaining Qualified Electing Fund Elections.
    Description: The regulations provide rules for making section 1295 
elections and satisfying annual reporting requirements for such 
elections, revoking section 1295 elections, and making retroactive 
section 1295 elections.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 623 hours.

    OMB Number: 1545-1868.
    Type of Review: Extension.
    Title: REG-116664-01 (NPRM and Temporary) Guidance To Facilitate 
Business Electronic Filing.
    Description: These regulations remove certain impediments to the 
electronic filing of business tax returns and other forms. The 
regulations reduce the number of instances in which taxpayers must 
attach supporting documents to their tax returns. The regulations also 
expand slightly the required content of a statement certain taxpayers 
must submit with their returns to justify deductions for charitable 
contributions.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 250,000 hours.

    OMB Number: 1545-0145.
    Type of Review: Extension.
    Title: Notice to Shareholder of Undistributed Long-Term Capital 
Gains.
    Form: 2439.
    Description: Form 2439 is sent by regulated investment companies 
and real estate investment trusts to report undistributed capital gains 
and the amount of tax paid on these gains designated under IRC section 
852(b)(3)(D) or 857(b)(3)(D). The company, the trust, and the 
shareholder file copies of Form 2439 with IRS. IRS uses the information 
to check shareholder compliance.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 29,995 hours.

    OMB Number: 1545-1379.
    Type of Review: Extension.
    Title: Excise Taxes on Excess Inclusions of REMIC Residual 
Interests.
    Form: 8831.
    Description: Form 8831 is used by a real estate mortgage investment 
conduit (REMIC) to figure its excise tax liability under Code sections 
860E(e)(1), 860E(e)(6), and 860E(e)(7). IRS uses the information to 
determine the correct tax liability of the REMIC.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 237 hours.

    OMB Number: 1545-0045.
    Type of Review: Extension.
    Title: Claim for Deficiency Dividends Deductions by a Personal 
Holding Company, Regulated Investment Company, or Real Estate 
Investment Trust.
    Form: 976.
    Description: Form 976 is filed by corporations that wish to claim a 
deficiency dividend deduction. The deduction allows the corporation to 
eliminate all or a portion of a tax deficiency. The IRS uses Form 976 
to determine if shareholders have included amounts in gross income.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 3,830 hours.

    OMB Number: 1545-1813.
    Type of Review: Extension.
    Title: Health Coverage Tax Credit (HCTC) Advance Payments.
    Form: 1099-H.
    Description: Form 1099-H is used to report advance payments of 
health insurance premiums to qualified recipients for their use in 
computing the allowable health insurance credit on Form 8885.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 33,000 hours.

    OMB Number: 1545-0044.
    Type of Review: Extension.
    Title: Corporation Claim for Deduction for Consent Dividends.
    Form: 973.
    Description: Corporations file Form 973 to claim a deduction for 
dividends paid. If shareholders consent and IRS approves, the 
corporation may claim a deduction for dividends paid, which reduces the 
corporation's tax liability. IRS uses Form 973 to determine if 
shareholders have included the dividend in gross income.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 2,210 hours.

    OMB Number: 1545-0755.
    Type of Review: Extension.
    Title: LR-58-83 (Final) Related Group Election With Respect to 
Qualified Investments in Foreign Base Company Shipping Operations.
    Description: The election described in the attached justification 
converted an annual election to an election effective until revoked. 
The computational information required is necessary to assure that the 
U.S. shareholder correctly reports any shipping income of its 
controlled foreign corporations which is taxable to that shareholder.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 205 hours.
    Clearance Officer: 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. E7-4781 Filed 3-14-07; 8:45 am]
BILLING CODE 4830-01-P
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