Proposed Collection; Comment Request for Regulation Project, 28331 [2010-12034]
Download as PDF
<![CDATA[
Federal Register / Vol. 75, No. 97 / Thursday, May 20, 2010 / Notices
Approved: May 5, 2010.
Gerald Shields,
IRS Reports Clearance Officer.
[FR Doc. 2010–12037 Filed 5–19–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL–955–86]
Proposed Collection; Comment
Request for Regulation Project
wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1
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, INTL–955–86
(TD 8350), Requirements For
Investments to Qualify Under Section
936(d)(4) As Investments in Qualified
Caribbean Basin Countries (§ 1.936–
10(c)).
DATES: Written comments should be
received on or before July 19, 2010 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Gerald Shields, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation 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: Requirements For Investments
to Qualify Under Section 936(d)(4) As
Investments in Qualified Carribean
Basin Countries.
OMB Number: 1545–1138.
Regulation Project Number: INTL–
955–86.
Abstract: This regulation relates to the
requirements that must be met for an
investment to qualify under Internal
Revenue code section 936(d)(4) as an
investment in qualified Caribbean Basin
countries. Income that is qualified
VerDate Mar<15>2010
15:45 May 19, 2010
Jkt 220001
possession source investment income is
entitled to a quasi-tax exemption by
reason of the U.S. possessions tax credit
under Code section 936(a) and
substantial tax exemptions in Puerto
Rico. Code section 936(d)(4)(C) places
certification requirements on the
recipient of the investment and the
qualified financial institution; and
recordkeeping requirements on the
financial institution and the recipient of
the investment funds to enable the IRS
to verify that the investment funds are
being used properly and in accordance
with the Caribbean Basin Economic
Recovery Act.
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 Recordkeepers:
50.
Estimated Time per Recordkeeper: 30
hours.
Estimated Total Annual
Recordkeeping Hours: 1,500.
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.
PO 00000
Frm 00102
Fmt 4703
Sfmt 4703
28331
Approved: April 22, 2010.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2010–12034 Filed 5–19–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Bureau of Engraving and Printing
Meaningful Access to United States
Currency for Blind and Visually
Impaired Persons
AGENCY: Bureau of Engraving and
Printing, Department of the Treasury.
ACTION: Notice of proposed agency
action and request for public comments.
SUMMARY: The Department of the
Treasury (Treasury) and the Bureau of
Engraving and Printing (BEP) are issuing
this Notice pursuant to the ruling in
American Council of the Blind v.
Paulson that ordered Treasury to
provide meaningful access to U.S.
currency to people who are blind and
visually impaired pursuant to section
504 of the Rehabilitation Act of 1973, as
amended. BEP seeks to develop a
solution that fully complies with the
Court’s order and provides people who
are blind and visually impaired
meaningful access to U.S. currency,
while also giving appropriate
consideration to the interests of
domestic and international users of
currency, U.S. businesses, and cash
handling and cash-intensive industries.
The purposes of this Federal Register
Notice are to inform the public of the
features that BEP intends to propose to
the Secretary of the Treasury to
accommodate people who are blind and
visually impaired in denominating U.S.
currency, and to solicit public comment
on the proposed accommodations.
DATES: Submit comments on or before
August 18, 2010.
ADDRESSES: See SUPPLEMENTARY
INFORMATION section for meeting
addresses and information about
submitting public comments.
FOR FURTHER INFORMATION CONTACT:
Ellen Gano, 202–874–1200.
SUPPLEMENTARY INFORMATION:
By statute, the Secretary of the
Treasury has sole authority for
approving designs of U.S. Federal
Reserve notes (U.S. currency). To
develop the designs, Treasury works in
collaboration with the Board of
Governors of the Federal Reserve
System (Board) and the Department of
Homeland Security’s United States
Secret Service (USSS), through the
Advanced Counterfeit Deterrence (ACD)
E:\FR\FM\20MYN1.SGM
20MYN1
]]>Agencies
[Federal Register Volume 75, Number 97 (Thursday, May 20, 2010)]
[Notices]
[Page 28331]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-12034]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL-955-86]
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, INTL-955-86 (TD 8350), Requirements For
Investments to Qualify Under Section 936(d)(4) As Investments in
Qualified Caribbean Basin Countries (Sec. 1.936-10(c)).
DATES: Written comments should be received on or before July 19, 2010
to be assured of consideration.
ADDRESSES: Direct all written comments to Gerald Shields, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulation 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: Requirements For Investments to Qualify Under Section
936(d)(4) As Investments in Qualified Carribean Basin Countries.
OMB Number: 1545-1138.
Regulation Project Number: INTL-955-86.
Abstract: This regulation relates to the requirements that must be
met for an investment to qualify under Internal Revenue code section
936(d)(4) as an investment in qualified Caribbean Basin countries.
Income that is qualified possession source investment income is
entitled to a quasi-tax exemption by reason of the U.S. possessions tax
credit under Code section 936(a) and substantial tax exemptions in
Puerto Rico. Code section 936(d)(4)(C) places certification
requirements on the recipient of the investment and the qualified
financial institution; and recordkeeping requirements on the financial
institution and the recipient of the investment funds to enable the IRS
to verify that the investment funds are being used properly and in
accordance with the Caribbean Basin Economic Recovery Act.
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 Recordkeepers: 50.
Estimated Time per Recordkeeper: 30 hours.
Estimated Total Annual Recordkeeping Hours: 1,500.
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 22, 2010.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2010-12034 Filed 5-19-10; 8:45 am]
BILLING CODE 4830-01-P
