Proposed Collection; Comment Request for Regulation Project, 26197-26198 [E7-8717]
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Federal Register / Vol. 72, No. 88 / Tuesday, May 8, 2007 / Notices
according to the requirements under 49
CFR 541.5 and 541.6 (marking of major
component parts and replacement
parts).
NHTSA notes that if VW wishes in
the future to modify the device on
which this exemption is based, the
company may have to submit a petition
to modify the exemption. Section
543.7(d) states that a part 543 exemption
applies only to vehicles that belong to
a line exempted under this part and
equipped with the anti-theft device on
which the line’s exemption is based.
Further, § 543.9(c)(2) provides for the
submission of petitions ‘‘to modify an
exemption to permit the use of an
antitheft device similar to but differing
from the one specified in that
exemption.’’
The agency wishes to minimize the
administrative burden that § 543.9(c)(2)
could place on exempted vehicle
manufacturers and itself. The agency
did not intend in drafting part 543 to
require the submission of a modification
petition for every change to the
components or design of an antitheft
device. The significance of many such
changes could be de minimis. Therefore,
NHTSA suggests that if the
manufacturer contemplates making any
changes, the effects of which might be
characterized as de minimis, it should
consult the agency before preparing and
submitting a petition to modify.
Authority: 49 U.S.C. 33106; delegation of
authority at 49 CFR 1.50.
Issued on: May 2, 2007.
Stephen R. Kratzke,
Associate Administrator for Rulemaking.
[FR Doc. E7–8730 Filed 5–7–07; 8:45 am]
BILLING CODE 4910–59–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL–939–86]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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.
cprice-sewell on PROD1PC66 with NOTICES
SUMMARY:
VerDate Aug<31>2005
15:36 May 07, 2007
Jkt 211001
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning an
existing notice of proposed rulemaking,
INTL–939–86, Insurance Income of a
Controlled Foreign Corporation for
Taxable Years beginning After
December 31, 1986 (§ 1.953–2(e)(3)(iii),
1.953–4(b), 1.953–5(a), 1.953–6(a),
1.953–7(c)(8), and 1.6046–1).
DATES: Written comments should be
received on or before July 9, 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 regulations should be
directed to Carolyn N. Brown at Internal
Revenue Service, room 6516, 1111
Constitution Avenue, NW., Washington,
DC 20224, or at (202) 622–6688, or
through the Internet at
Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Insurance Income of a
Controlled Foreign Corporation for
Taxable Years Beginning After
December 31, 1986.
OMB Number: 1545–1142. Regulation
Project Number: INTL–939–86.
Abstract: This regulation relates to the
definition and computation of the
insurance income of a controlled foreign
corporation, and it also contains rules
applicable to certain captive insurance
companies. The information collection
is required by the IRS in order for
taxpayers to elect to locate risks with
respect to moveable property by
reference to the location of the property
in a prior period; to allocate investment
income to a particular category of
insurance income; to allocate
deductions to a particular category of
insurance income; to determine the
amount of those items, such as reserves,
which are computed with reference to
an insurance company’s annual
statement; to elect to have related
person insurance income treated as
income effectively connected with the
conduct of a United States trade or
business; and to collect the information
required by Code section 6046 relating
to controlled foreign corporations as
defined in Code section 953(c).
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents/
Recordkeepers: 500.
Estimated Time Per Respondent/
Recordkeeper: 28 hr., 12 min.
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26197
Estimated Total Annual Burden
Hours: 14,100.
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: May 1, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–8716 Filed 5–7–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL–29–91]
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
E:\FR\FM\08MYN1.SGM
08MYN1
26198
Federal Register / Vol. 72, No. 88 / Tuesday, May 8, 2007 / Notices
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, INTL–29–91
(TD 8556), Computation and
Characterization of Income and Earnings
and Profits under the Dollar
Approximate Separate Transactions
Method of Accounting (DASTM)
(§ 1.985–3).
DATES: Written comments should be
received on or before July 9, 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 information collection
should be directed to Carolyn N. Brown,
at (202) 622–6688, or at Internal
Revenue Service, room 6516, 1111
Constitution Avenue, NW., Washington,
DC 20224, or through the Internet, at
Carolyn.N.Brown@irs.gov.
cprice-sewell on PROD1PC66 with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Computation and
Characterization of Income and Earnings
and Profits under the Dollar
Approximate Separate Transactions
Method of Accounting (DASTM).
OMB Number: 1545–1051.
Regulation Project Number: INTL–29–
91.
Abstract: This regulation provides
that taxpayers operating in
hyperinflationary currencies must use
the United States dollar as their
functional currency and compute
income using the dollar approximate
separate transactions method (DASTM).
Small taxpayers may elect an alternate
method by which to compute income or
loss. For prior taxable years in which
income was computed using the profit
and loss method, taxpayers may elect to
recompute their income using DASTM.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses: 700.
Estimated Time Per Respondent: 1
hour, 26 minutes.
Estimated Total Annual Burden
Hours: 1,000.
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
VerDate Aug<31>2005
15:36 May 07, 2007
Jkt 211001
Approved: April 30, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–8717 Filed 5–7–07; 8:45 am]
qualified fuels sold during calendar year
2006.
Inflation Adjustment Factor: In the
cases of gas produced from biomass and
liquid, gaseous, or solid synthetic fuel
produced from coal, the inflation
adjustment factor for calendar year 2006
is 2.3429. In the case of facilities
producing coke or coke gas, the inflation
adjustment factor for calendar year 2006
is 1.0605.
Credit: The nonconventional source
fuel credit for gas produced from
biomass and for liquid, gaseous, or solid
synthetic fuel produced from coal for
calendar year 2006 (adjusted to reflect
the phase-out amount) is $4.72 per
barrel-of-oil equivalent of qualified
fuels. In the case of facilities producing
coke or coke gas, the nonconventional
source fuel credit for calendar year 2006
is $3.18 per barrel-of-oil equivalent of
qualified fuels.
Reference Price: The reference price
for calendar year 2006 is $59.68.
Because the reference price exceeds
$23.50 multiplied by the inflation
adjustment factor, under section
45K(b)(1), the credit for gas produced
from biomass and for liquid, gaseous, or
solid synthetic fuel produced from coal
is reduced by $2.31 per barrel-of-oil
equivalent of qualified fuels for calendar
year 2006. The phase-out of the credit
does not apply to facilities producing
coke or coke gas.
BILLING CODE 4830–01–P
FOR FURTHER INFORMATION CONTACT:
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.
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Publication of Inflation Adjustment
Factor, Nonconventional Source Fuel
Credit, and Reference Price for
Calendar Year 2006
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice.
AGENCY:
SUMMARY: Publication of the inflation
adjustment factor, nonconventional
source fuel credit, and reference price
for calendar year 2006 as required by
section 45K of the Internal Revenue
Code (26 U.S.C. 45K). The inflation
adjustment factor, nonconventional
source fuel credit, and reference price
are used in determining the tax credit
allowable on the sale of fuel from
nonconventional sources under section
45K during calendar year 2006.
DATES: The 2006 inflation adjustment
factor, nonconventional source fuel
credit, and reference price apply to
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For questions about how the inflation
adjustment factor is calculated—WuLang Lee, RAS:R:TSBR, Internal
Revenue Service, 1111 Constitution
Avenue, NW., Washington, DC 20224,
Telephone Number (202) 874–0531 (not
a toll-free number).
For all other questions about the
credit or the reference price—Jaime C.
Park, CC:PSI:7, Internal Revenue
Service, 1111 Constitution Avenue,
NW., Washington, DC 20224, Telephone
Number (202) 622–3120 (not a toll-free
number).
Dated: April 23, 2007.
William O’Shea,
Associate Chief Counsel (Passthroughs and
Special Industries).
[FR Doc. E7–8747 Filed 5–7–07; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\08MYN1.SGM
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]]>Agencies
[Federal Register Volume 72, Number 88 (Tuesday, May 8, 2007)]
[Notices]
[Pages 26197-26198]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-8717]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL-29-91]
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
[[Page 26198]]
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, INTL-29-91 (TD 8556), Computation and Characterization of
Income and Earnings and Profits under the Dollar Approximate Separate
Transactions Method of Accounting (DASTM) (Sec. 1.985-3).
DATES: Written comments should be received on or before July 9, 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 information collection should be directed to Carolyn N.
Brown, at (202) 622-6688, or at Internal Revenue Service, room 6516,
1111 Constitution Avenue, NW., Washington, DC 20224, or through the
Internet, at Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Computation and Characterization of Income and Earnings and
Profits under the Dollar Approximate Separate Transactions Method of
Accounting (DASTM).
OMB Number: 1545-1051.
Regulation Project Number: INTL-29-91.
Abstract: This regulation provides that taxpayers operating in
hyperinflationary currencies must use the United States dollar as their
functional currency and compute income using the dollar approximate
separate transactions method (DASTM). Small taxpayers may elect an
alternate method by which to compute income or loss. For prior taxable
years in which income was computed using the profit and loss method,
taxpayers may elect to recompute their income using DASTM.
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.
Estimated Number of Responses: 700.
Estimated Time Per Respondent: 1 hour, 26 minutes.
Estimated Total Annual Burden Hours: 1,000.
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: April 30, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-8717 Filed 5-7-07; 8:45 am]
BILLING CODE 4830-01-P
