Submission for OMB Review; Comment Request, 70408 [E8-27631]
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70408
Federal Register / Vol. 73, No. 225 / Thursday, November 20, 2008 / Notices
Executive Office Building, Washington,
DC 20503.
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
November 17, 2008.
rwilkins on PROD1PC63 with NOTICES
The Department of Treasury will
submit the following public information
collection requirement(s) to OMB for
review and clearance under the
Paperwork Reduction Act of 1995,
Public Law 104–13 on or after the date
of publication of this notice. 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, and 1750
Pennsylvania Avenue, NW.,
Washington, DC 20220.
DATES: Written comments should be
received on or before December 22, 2008
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–1943.
Type of Review: Extension.
Title: Notice 2005–38—Section 965—
Limitations on Dividends Received
Deduction and Other Guidance.
Description: This document provides
guidance under new section 965, which
was enacted by the American Jobs
Creation Act of 2004 (Pub. L. 108–357).
In general, and subject to limitations
and conditions, section 965(a) provides
that a corporation that is a U.S.
shareholder of a controlled foreign
corporation (CFC) may elect, for one
taxable year, an 85 percent dividends
received deduction (DRD) with respect
to certain cash dividends it receives
from its CFCs. This document addresses
limitations imposed on the maximum
amount of section 965(a) DRD under
section 965(b)(1) under which the
maximum amount of eligible dividends
is the greatest of $500 million, or
earnings permanently reinvested
outside the United States), section
965(b)(2) (regarding certain base-period
repatriations), section 965(b)(3)
(regarding certain increases in related
party indebtedness), and certain
miscellaneous limitations (related to the
foreign tax credit).
Respondents: Private Sector.
Estimated Total Burden Hours:
1,250,000 hours.
Clearance Officer: Glenn P. Kirkland
(202) 622–3428, Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
OMB Reviewer: Nicholas A. Fraser
(202) 395–5887, Office of Management
and Budget, Room 10235, New
VerDate Aug<31>2005
18:26 Nov 19, 2008
Jkt 217001
Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. E8–27631 Filed 11–19–08; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Additional Designation of an Entity
Pursuant to Executive Order 13224
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
SUMMARY: The Treasury Department’s
Office of Foreign Assets Control
(‘‘OFAC’’) is publishing the name of one
newly-designated entity whose property
and interests in property are blocked
pursuant to Executive Order 13224 of
September 23, 2001, ‘‘Blocking Property
and Prohibiting Transactions With
Persons Who Commit, Threaten To
Commit, or Support Terrorism.’’
DATES: The designation by the Director
of OFAC of the one entity identified in
this notice, pursuant to Executive Order
13224, is effective on November 12,
2008.
FOR FURTHER INFORMATION CONTACT:
Assistant Director, Compliance
Outreach & Implementation, Office of
Foreign Assets Control, Department of
the Treasury, Washington, DC 20220,
tel.: 202/622–2490.
SUPPLEMENTARY INFORMATION:
Electronic and Facsimile Availability
This document and additional
information concerning OFAC are
available from OFAC’s Web site (https://
www.treas.gov/ofac) or via facsimile
through a 24-hour fax-on-demand
service, tel.: 202/622–0077.
Background
On September 23, 2001, the President
issued Executive Order 13224 (the
‘‘Order’’) pursuant to the International
Emergency Economic Powers Act, 50
U.S.C. 1701–1706, and the United
Nations Participation Act of 1945, 22
U.S.C. 287c. In the Order, the President
declared a national emergency to
address grave acts of terrorism and
threats of terrorism committed by
foreign terrorists, including the
September 11, 2001, terrorist attacks in
New York, Pennsylvania, and at the
Pentagon. The Order imposes economic
sanctions on persons who have
committed, pose a significant risk of
committing, or support acts of terrorism.
PO 00000
Frm 00100
Fmt 4703
Sfmt 4703
The President identified in the Annex to
the Order, as amended by Executive
Order 13268 of July 2, 2002, 13
individuals and 16 entities as subject to
the economic sanctions. The Order was
further amended by Executive Order
13284 of January 23, 2003, to reflect the
creation of the Department of Homeland
Security.
Section 1 of the Order blocks, with
certain exceptions, all property and
interests in property that are in or
hereafter come within the United States
or the possession or control of United
States persons, of: (1) Foreign persons
listed in the Annex to the Order; (2)
foreign persons determined by the
Secretary of State, in consultation with
the Secretary of the Treasury, the
Secretary of the Department of
Homeland Security and the Attorney
General, to have committed, or to pose
a significant risk of committing, acts of
terrorism that threaten the security of
U.S. nationals or the national security,
foreign policy, or economy of the United
States; (3) persons determined by the
Director of OFAC, in consultation with
the Departments of State, Homeland
Security and Justice, to be owned or
controlled by, or to act for or on behalf
of those persons listed in the Annex to
the Order or those persons determined
to be subject to subsection 1(b), 1(c), or
1(d)(i) of the Order; and (4) except as
provided in section 5 of the Order and
after such consultation, if any, with
foreign authorities as the Secretary of
State, in consultation with the Secretary
of the Treasury, the Secretary of the
Department of Homeland Security and
the Attorney General, deems
appropriate in the exercise of his
discretion, persons determined by the
Director of OFAC, in consultation with
the Departments of State, Homeland
Security and Justice, to assist in,
sponsor, or provide financial, material,
or technological support for, or financial
or other services to or in support of,
such acts of terrorism or those persons
listed in the Annex to the Order or
determined to be subject to the Order or
to be otherwise associated with those
persons listed in the Annex to the Order
or those persons determined to be
subject to subsection 1(b), 1(c), or 1(d)(i)
of the Order.
On November 12, 2008, the Director
of OFAC, in consultation with the
Departments of State, Homeland
Security, Justice and other relevant
agencies, designated, pursuant to one or
more of the criteria set forth in
subsections 1(b), 1(c) or 1(d) of the
Order, one entity whose property and
interests in property are blocked
pursuant to Executive Order 13224.
The designee is as follows:
E:\FR\FM\20NON1.SGM
20NON1
]]>Agencies
[Federal Register Volume 73, Number 225 (Thursday, November 20, 2008)]
[Notices]
[Page 70408]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-27631]
[[Page 70408]]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
November 17, 2008.
The Department of Treasury will submit the following public
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13 on or
after the date of publication of this notice. 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, and 1750
Pennsylvania Avenue, NW., Washington, DC 20220.
DATES: Written comments should be received on or before December 22,
2008 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1943.
Type of Review: Extension.
Title: Notice 2005-38--Section 965--Limitations on Dividends
Received Deduction and Other Guidance.
Description: This document provides guidance under new section 965,
which was enacted by the American Jobs Creation Act of 2004 (Pub. L.
108-357). In general, and subject to limitations and conditions,
section 965(a) provides that a corporation that is a U.S. shareholder
of a controlled foreign corporation (CFC) may elect, for one taxable
year, an 85 percent dividends received deduction (DRD) with respect to
certain cash dividends it receives from its CFCs. This document
addresses limitations imposed on the maximum amount of section 965(a)
DRD under section 965(b)(1) under which the maximum amount of eligible
dividends is the greatest of $500 million, or earnings permanently
reinvested outside the United States), section 965(b)(2) (regarding
certain base-period repatriations), section 965(b)(3) (regarding
certain increases in related party indebtedness), and certain
miscellaneous limitations (related to the foreign tax credit).
Respondents: Private Sector.
Estimated Total Burden Hours: 1,250,000 hours.
Clearance Officer: Glenn P. Kirkland (202) 622-3428, Internal
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington,
DC 20224.
OMB Reviewer: Nicholas A. Fraser (202) 395-5887, Office of
Management and Budget, Room 10235, New Executive Office Building,
Washington, DC 20503.
Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. E8-27631 Filed 11-19-08; 8:45 am]
BILLING CODE 4830-01-P
