Proposed Collection; Comment Request for Revenue Procedure 97-46 and Revenue Procedure 97-44, 55288-55289 [E9-25741]

Download as PDF 55288 Federal Register / Vol. 74, No. 206 / Tuesday, October 27, 2009 / Notices DEPARTMENT OF TRANSPORTATION Federal Railroad Administration Notice of Request for an Extension of a Waiver of Compliance In accordance with Part 211 of Title 49 Code of Federal Regulations (CFR), notice is hereby given that the Federal Railroad Administration (FRA) has received a request for an extension of a waiver of compliance from certain requirements of its safety standards. The individual petition is described below, including the party seeking relief, the regulatory provisions involved, the nature of the relief being requested, and the petitioner’s arguments in favor of relief. Union Pacific Railroad Company pwalker on DSK8KYBLC1PROD with NOTICES [Docket Number FRA–2007–27322) Pursuant to 49 CFR 211.41 and 211.51, by letter dated November 13, 2007, FRA authorized the Union Pacific Railroad Company (UP) to conduct field testing of its processor-based train control system identified as the VitalTrain Management System (V–TMS). In the same letter, FRA provided UP temporary conditional relief from certain provisions of 49 CFR Parts 216, 217, 218, 229, 233, 235, 236, and 240 related to the field testing. By letter dated August 3, 2009, UP has requested that FRA extend the regulatory relief granted in order to continue field testing of its V–TMS system until December 31, 2015, or until such time as the relief is superseded by an FRA approved Positive Train Control Implementation Plan (PTCIP) and any other filings required in accordance with final regulations implementing § 104 of the Rail Safety Improvement Act of 2008 (codified at 49 U.S.C. 20157). A request for an informational filing extension, as required under 49 CFR Part 236, subpart H, has also been prepared and submitted in conjunction with this waiver extension request and can be found in the same docket (FRA– 2007–27322) as this waiver extension request. UP has an approved Railroad Safety Program Plan as provided for 49 CFR 236.905 (Docket Number FRA– 2006–24002). Although FRA is not soliciting public comment on the waiver extension request, interested parties are invited to review the request and associated documents at the following locations: • Web site: https:// www.regulations.gov. Follow the online instructions for a simple search on the DOT electronic docket site (Docket Number FRA–2007–27322). All documents in the public docket that are VerDate Nov<24>2008 16:45 Oct 26, 2009 Jkt 220001 associated with the waiver request are available on the web site for inspection and copying. • Fax: 202–493–2251. • Mail: Docket Operations Facility, U.S. Department of Transportation, 1200 New Jersey Avenue, SE., W12–140, Washington, DC 20590. • Hand Delivery: 1200 New Jersey Avenue, SE., Room W12–140, Washington, DC 20590, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. Anyone is able to search the electronic form of any written communications and comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). You may review DOT’s complete Privacy Act Statement in the Federal Register published on April 11, 2000 (Volume 65, Number 70; Pages 19477–78). Including Puerto Rico and Virgin Islands. Description: Beverage alcohol, industrial alcohol, beer, and wine are taxed when imported. The taxes on these commodities coming from the Virgin Islands and Puerto Rico are largely returned to these insular possessions. Exports are mainly tax-free. These documents ensure that proper taxes are collected and returned according to law. Respondents: Businesses or other forprofits. Estimated Total Burden Hours: 180 hours. Clearance Officer: Frank Foote (202) 927–9347, Alcohol and Tobacco Tax and Trade Bureau, Room 200 East, 1310 G. Street, NW., Washington, DC 20005. OMB Reviewer: Shagufta Ahmed, (202) 395–7873, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503. Issued in Washington, DC on October 19, 2009. Grady C. Cothen, Jr., Deputy Associate Administrator for Safety Standards and Program Development. [FR Doc. E9–25818 Filed 10–26–09; 8:45 am] Celina Elphage, Treasury PRA Clearance Officer. [FR Doc. E9–25755 Filed 10–26–09; 8:45 am] BILLING CODE 4910–06–P DEPARTMENT OF THE TREASURY BILLING CODE 4810–31–P Internal Revenue Service DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request October 20, 2009. 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, 1750 Pennsylvania Avenue, NW., Washington, DC 20220. DATES: Written comments should be received on or before November 27, 2009 to be assured of consideration. Alcohol and Tobacco Tax and Trade Bureau (TTB) OMB Number: 1513–0100. Type of Review: Extension. Title: Applications, Notices, and Relative to Importation and Exportation of Distilled Spirits, Wine, and Beer, PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 Proposed Collection; Comment Request for Revenue Procedure 97–46 and Revenue Procedure 97–44 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 Revenue Procedure 98–46 and Revenue Procedure 97–44, LIFO Conformity Requirement. DATES: Written comments should be received on or before December 28, 2009 to be assured of consideration. ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or E:\FR\FM\27OCN1.SGM 27OCN1 Federal Register / Vol. 74, No. 206 / Tuesday, October 27, 2009 / Notices copies of the regulations should be directed to Allan Hopkins at Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202) 622–6665, or through the Internet at Allan.M.Hopkins@irs.gov. pwalker on DSK8KYBLC1PROD with NOTICES SUPPLEMENTARY INFORMATION: Title: LIFO Conformity Requirement. OMB Number: 1545–1559. Revenue Procedure Number: Revenue Procedure 98–46 and Revenue Procedure 97–44. Abstract: Revenue Procedure 97–44 permits automobile dealers that comply with the terms of the revenue procedure to continue using the LIFO inventory method despite previous violations of the LIFO conformity requirements of Internal Revenue Code section 472(c) or (e)(2). Revenue Procedure 98–46 modified Revenue Procedure 97–44 by allowing medium-and heavy-duty truck dealers to take advantage of the favorable relief provided in Revenue Procedure 97–44. Current Actions: There are no changes being made to the revenue procedure at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 5,000. Estimated Average Time per Respondent: 20 hours. Estimated Total Annual Reporting Burden: 100,000. The following paragraph applies to all 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 VerDate Nov<24>2008 16:45 Oct 26, 2009 Jkt 220001 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: October 13, 2009. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. E9–25741 Filed 10–26–09; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Office of Thrift Supervision Risk-Based Capital Standards: Advanced Capital Adequacy Framework AGENCY: Office of Thrift Supervision (OTS), Treasury. ACTION: Notice and request for comment. SUMMARY: The proposed information collection request (ICR) described below has been submitted to the Office of Management and Budget (OMB) for review and approval, as required by the Paperwork Reduction Act of 1995. OTS is soliciting public comments on the proposal. DATES: Submit written comments on or before November 27, 2009. A copy of this ICR, with applicable supporting documentation, can be obtained from RegInfo.gov at https://www.reginfo.gov/ public/do/PRAMain. ADDRESSES: Send comments, referring to the collection by title of the proposal or by OMB approval number, to OMB and OTS at these addresses: Office of Information and Regulatory Affairs, Attention: Desk Officer for OTS, U.S. Office of Management and Budget, 725 17th Street, NW., Room 10235, Washington, DC 20503, or by fax to (202) 395–6974; and Information Collection Comments, Chief Counsel’s Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, by fax to (202) 906–6518, or by e-mail to infocollection.comments@ots.treas.gov. OTS will post comments and the related index on the OTS Internet Site at https:// www.ots.treas.gov. In addition, interested persons may inspect comments at the Public Reading Room, 1700 G Street, NW., by appointment. To make an appointment, call (202) 906– 5922, send an e-mail to PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 55289 public.info@ots.treas.gov, or send a facsimile transmission to (202) 906– 7755. FOR FURTHER INFORMATION CONTACT: For further information or to obtain a copy of the submission to OMB, please contact Ira L. Mills at ira.mills@ots.treas.gov, (202) 906–6531, or facsimile number (202) 906–6518, Regulations and Legislation Division, Chief Counsel’s Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an information collection, and respondents are not required to respond to an information collection, unless the information collection displays a currently valid OMB control number. As part of the approval process, we invite comments on the following information collection. Title of Proposal: Risk-Based Capital Standards: Advanced Capital Adequacy Framework. OMB Number: 1550–0115. Form Number: N/A. Description: On December 7, 2007, the Office of Thrift Supervision, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation issued the joint final rule titled Risk-Based Capital Standards: Advanced Capital Adequacy Framework (rule) implementing a new risk-based regulatory capital framework for institutions in the United States (72 FR 69288). The rule is based on the June 2004 Basel Committee on Banking Supervision’s document, ‘‘International Convergence of Capital Measurement and Capital Standards: A Revised Framework’’ (New Accord). The OTS is now issuing a 30-Day Federal Register Notice to implement Basel II for institutions in the United States. The rule sets forth a new riskbased capital adequacy framework that would require some savings associations and allow other qualifying savings associations to use an internal ratingsbased approach to calculate regulatory credit risk capital requirements and advanced measurement approaches to calculate regulatory operational risk capital requirements. Information collection requirements in the proposed rule are found in Appendix F, Sections 21–23, 42, 44, 53, and 71. The collections of information are necessary in order to implement Basel II. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit. Estimated Number of Respondents: 3. Estimated Number of Responses: 3. E:\FR\FM\27OCN1.SGM 27OCN1

Agencies

[Federal Register Volume 74, Number 206 (Tuesday, October 27, 2009)]
[Notices]
[Pages 55288-55289]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-25741]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 97-46 
and Revenue Procedure 97-44

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 
Revenue Procedure 98-46 and Revenue Procedure 97-44, LIFO Conformity 
Requirement.

DATES: Written comments should be received on or before December 28, 
2009 to be assured of consideration.

ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal 
Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or

[[Page 55289]]

copies of the regulations should be directed to Allan Hopkins at 
Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., 
Washington, DC 20224, or at (202) 622-6665, or through the Internet at 
Allan.M.Hopkins@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: LIFO Conformity Requirement.
    OMB Number: 1545-1559.
    Revenue Procedure Number: Revenue Procedure 98-46 and Revenue 
Procedure 97-44.
    Abstract: Revenue Procedure 97-44 permits automobile dealers that 
comply with the terms of the revenue procedure to continue using the 
LIFO inventory method despite previous violations of the LIFO 
conformity requirements of Internal Revenue Code section 472(c) or 
(e)(2). Revenue Procedure 98-46 modified Revenue Procedure 97-44 by 
allowing medium-and heavy-duty truck dealers to take advantage of the 
favorable relief provided in Revenue Procedure 97-44.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 5,000.
    Estimated Average Time per Respondent: 20 hours.
    Estimated Total Annual Reporting Burden: 100,000.
    The following paragraph applies to all 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: October 13, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-25741 Filed 10-26-09; 8:45 am]
BILLING CODE 4830-01-P
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