Proposed Collection; Comment Request for Form 1097-BTC, Bond Tax Credit, 55849 [2010-22790]

Download as PDF Federal Register / Vol. 75, No. 177 / Tuesday, September 14, 2010 / Notices 55849 Docket No. Requester Regulation Nature of special permit PHMSA–2010–0121 ........... Dominion Transmission Incorporated (DTI). 49 CFR 192.611 ................. To authorize DTI to engage in an alternative approach to conduct risk control activities based on Integrity Management Program principles rather than lowering the MAOP or replacing the subject pipe segment. This application is for one segment of the DTI Line TL–465 in Loudoun County, Virginia. This segment has changed from a Class 1 location to a Class 3 location due to an expanded housing development. The pipeline is 24-inches in diameter and has a MAOP of 1,250 psig. The segment that has changed Class location is 3,478 feet in length and is located at MP 1085+81 ft. to MP 1,120+59 ft. Authority: 49 U.S.C. 60118 (c)(1) and 49 CFR 1.53. FOR FURTHER INFORMATION CONTACT: Issued in Washington, DC, on August 31, 2010. Linda Daugherty, Deputy Associate Administrator for Policy and Programs. [FR Doc. 2010–22884 Filed 9–13–10; 8:45 am] BILLING CODE 4910–60–P Requests for additional information or copies of the form and instructions should be directed to Joel Goldberger (202) 927–9368, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet at joel.p.goldberger@irs.gov. SUPPLEMENTARY INFORMATION: DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 1097–BTC, Bond Tax Credit 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. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 1097–BTC, Bond Tax Credit. DATES: Written comments should be received on or before November 15, 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. jlentini on DSKJ8SOYB1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 16:38 Sep 13, 2010 Jkt 220001 Title: Form 1097–BTC, Bond Tax Credit. Abstract: This is an information return for reporting tax credit bond credits distributed to holders of tax credit bonds. The taxpayer holding a tax credit bond on an allowance date during a tax year is allowed a credit against federal income tax equivalent to the interest that the bond would otherwise pay. The bondholder must include the amount of the credit in gross income and treat it as interest income. The issuers and holders of the tax credit bond will send Form 1097–BTC to the bond holders quarterly and file the return with the IRS annually. Current Actions: This form is being submitted for a new Information Collection. Type of Review: This is a new collection. Affected Public: Businesses or other for profit organizations, not for profit institutions, individuals or households. Estimated Number of Respondents: 101,630,369. Estimated Total Annual Burden Hours: 828,287,508. The following paragraph applies to all of the collections of information covered by this notice: PO 00000 Frm 00114 Fmt 4703 Sfmt 9990 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: September 8, 2010. Allan Hopkins, Tax Analyst. [FR Doc. 2010–22790 Filed 9–13–10; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\14SEN1.SGM 14SEN1

Agencies

[Federal Register Volume 75, Number 177 (Tuesday, September 14, 2010)]
[Notices]
[Page 55849]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-22790]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1097-BTC, Bond Tax 
Credit

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 
Form 1097-BTC, Bond Tax Credit.

DATES: Written comments should be received on or before November 15, 
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 form and instructions should be directed to Joel 
Goldberger (202) 927-9368, at Internal Revenue Service, Room 6129, 1111 
Constitution Avenue, NW., Washington, DC 20224, or through the Internet 
at joel.p.goldberger@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Form 1097-BTC, Bond Tax Credit.
    Abstract: This is an information return for reporting tax credit 
bond credits distributed to holders of tax credit bonds. The taxpayer 
holding a tax credit bond on an allowance date during a tax year is 
allowed a credit against federal income tax equivalent to the interest 
that the bond would otherwise pay. The bondholder must include the 
amount of the credit in gross income and treat it as interest income. 
The issuers and holders of the tax credit bond will send Form 1097-BTC 
to the bond holders quarterly and file the return with the IRS 
annually.
    Current Actions: This form is being submitted for a new Information 
Collection.
    Type of Review: This is a new collection.
    Affected Public: Businesses or other for profit organizations, not 
for profit institutions, individuals or households.
    Estimated Number of Respondents: 101,630,369.
    Estimated Total Annual Burden Hours: 828,287,508.
    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: September 8, 2010.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2010-22790 Filed 9-13-10; 8:45 am]
BILLING CODE 4830-01-P