Proposed Collection; Comment Request for Regulation Project, 38874 [2010-16231]

Download as PDF 38874 Federal Register / Vol. 75, No. 128 / Tuesday, July 6, 2010 / Notices wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1 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. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to Elaine Christophe, (202) 622–3179, or at Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet, at Elaine.H.Christophe@irs.gov. Title: PS–78–91, Procedure for Monitoring Compliance With Low-Income Housing Credit Requirements; PS–50–92, Rules To Carry Out the Purposes of Section 42 and for Correcting Administrative Errors and Omissions; and REG–114664–97, Approved: June 22, 2010. Compliance Monitoring and Miscellaneous Issues Relating to the Gerald Shields, Low-Income Housing Credit. IRS Supervisory Tax Analyst. OMB Number: 1545–1357. [FR Doc. 2010–16252 Filed 7–2–10; 8:45 am] Regulation Project Numbers: PS–78– BILLING CODE 4830–01–P 91; PS–50–92; and REG–114664–97. Abstract: PS–78–91 This regulation requires state allocation plans to DEPARTMENT OF THE TREASURY provide a procedure for state and local housing credit agencies to monitor for Internal Revenue Service compliance with the requirements of [PS–78–91; PS–50–92; and REG–114664–97] Code section 42 and report any noncompliance to the IRS. PS–50–92 Proposed Collection; Comment This regulation concerns the Secretary Request for Regulation Project of the Treasury’s authority to provide guidance under Code section 42 and AGENCY: Internal Revenue Service (IRS), allows state and local housing credit Treasury. agencies to correct administrative errors ACTION: Notice and request for and omissions made in connection with comments. allocations of low-income housing credit dollar amounts and SUMMARY: The Department of the Treasury, as part of its continuing effort recordkeeping within a reasonable period after their discovery. REG– to reduce paperwork and respondent 114664–97 This regulation amends the burden, invites the general public and procedures for state and local housing other Federal agencies to take this credit agencies’ compliance monitoring opportunity to comment on proposed and the rules for state and local housing and/or continuing information credit agencies’ correction of collections, as required by the administrative errors or omissions. Paperwork Reduction Act of 1995, Current Actions: There is no change to Public Law 104–13 (44 U.S.C. these existing regulations. 3506(c)(2)(A)). Currently, the IRS is Type of Review: Extension of a soliciting comments concerning existing currently approved collection. final regulations, PS–78–91 (TD 8430), Affected Public: Business or other forProcedure for Monitoring Compliance profit organizations, individual or With Low-Income Housing Credit households, not-for-profit institutions, Requirements; PS–50–92 (TD 8521), and state, local or tribal governments. Rules To Carry Out the Purposes of Estimated Number of Respondents: Section 42 and for Correcting 22,141. Administrative Errors and Omissions; Estimated Time per Respondent: 4 and REG–114664–97 (TD 8859), hours, 45 minutes. Compliance Monitoring and Estimated Total Annual Burden Miscellaneous Issues Relating to the Hours: 104,899. Low-Income Housing Credit (§§ 1.42–5, The following paragraph applies to all 1.42–13, and 1.42–17). of the collections of information covered DATES: Written comments should be by this notice: received on or before September 7, 2010 An agency may not conduct or to be assured of consideration. sponsor, and a person is not required to respond to, a collection of information ADDRESSES: Direct all written comments unless the collection of information to Gerald Shields, Internal Revenue displays a valid OMB control number. Service, Room 6411, 1111 Constitution Books or records relating to a collection Avenue, NW., Washington, DC 20224. VerDate Mar<15>2010 14:52 Jul 02, 2010 Jkt 220001 SUPPLEMENTARY INFORMATION: PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 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: June 22, 2010. Gerald Shields, IRS Supervisory Tax Analyst. [FR Doc. 2010–16231 Filed 7–2–10; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 706–NA 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 Form 706–NA, United States Estate (and Generation-Skipping Transfer) Tax Return, Estate of nonresident not a citizen of the United States. DATES: Written comments should be received on or before September 7, 2010 to be assured of consideration. E:\FR\FM\06JYN1.SGM 06JYN1

Agencies

[Federal Register Volume 75, Number 128 (Tuesday, July 6, 2010)]
[Notices]
[Page 38874]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-16231]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[PS-78-91; PS-50-92; and REG-114664-97]


Proposed Collection; Comment Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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 
existing final regulations, PS-78-91 (TD 8430), Procedure for 
Monitoring Compliance With Low-Income Housing Credit Requirements; PS-
50-92 (TD 8521), Rules To Carry Out the Purposes of Section 42 and for 
Correcting Administrative Errors and Omissions; and REG-114664-97 (TD 
8859), Compliance Monitoring and Miscellaneous Issues Relating to the 
Low-Income Housing Credit (Sec. Sec.  1.42-5, 1.42-13, and 1.42-17).

DATES: Written comments should be received on or before September 7, 
2010 to be assured of consideration.

ADDRESSES: Direct all written comments to Gerald Shields, Internal 
Revenue Service, Room 6411, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to Elaine Christophe, 
(202) 622-3179, or at Internal Revenue Service, Room 6129, 1111 
Constitution Avenue, NW., Washington, DC 20224, or through the 
Internet, at Elaine.H.Christophe@irs.gov.

SUPPLEMENTARY INFORMATION: Title: PS-78-91, Procedure for Monitoring 
Compliance With Low-Income Housing Credit Requirements; PS-50-92, Rules 
To Carry Out the Purposes of Section 42 and for Correcting 
Administrative Errors and Omissions; and REG-114664-97, Compliance 
Monitoring and Miscellaneous Issues Relating to the Low-Income Housing 
Credit.
    OMB Number: 1545-1357.
    Regulation Project Numbers: PS-78-91; PS-50-92; and REG-114664-97.
    Abstract: PS-78-91 This regulation requires state allocation plans 
to provide a procedure for state and local housing credit agencies to 
monitor for compliance with the requirements of Code section 42 and 
report any noncompliance to the IRS. PS-50-92 This regulation concerns 
the Secretary of the Treasury's authority to provide guidance under 
Code section 42 and allows state and local housing credit agencies to 
correct administrative errors and omissions made in connection with 
allocations of low-income housing credit dollar amounts and 
recordkeeping within a reasonable period after their discovery. REG-
114664-97 This regulation amends the procedures for state and local 
housing credit agencies' compliance monitoring and the rules for state 
and local housing credit agencies' correction of administrative errors 
or omissions.
    Current Actions: There is no change to these existing regulations.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, 
individual or households, not-for-profit institutions, and state, local 
or tribal governments.
    Estimated Number of Respondents: 22,141.
    Estimated Time per Respondent: 4 hours, 45 minutes.
    Estimated Total Annual Burden Hours: 104,899.
    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: June 22, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010-16231 Filed 7-2-10; 8:45 am]
BILLING CODE 4830-01-P