Submission for OMB Review; Comment Request, 11179-11180 [2014-04298]
Download as PDF
Federal Register / Vol. 79, No. 39 / Thursday, February 27, 2014 / Notices
Title: CO–99–91 (TD 8490) (Final)
Limitations on Corporate Net Operating
Loss.
Abstract: This regulation modifies the
application of segregation rules under
Section 382 in the case of certain
issuances of stock by a loss corporation.
This regulation provides that the
segregation rules do not apply to small
issuances of stock, as defined, and apply
only in part to certain other issuances of
stock for cash.
Affected Public: Businesses or other
for-profit organizations.
Estimated Annual Burden Hours: 1.
OMB Number: 1545–1352.
Type of Review: Extension without
change of a currently approved
collection.
Title: TD 8586 (Final) Treatment of
Gain From Disposition of Certain
Natural Resource Recapture Property.
Abstract: This regulation prescribes
rules for determining the tax treatment
of gain from the disposition of natural
resource recapture property in
accordance with Internal Revenue Code
section 1254. Gain is treated as ordinary
income in an amount equal to the
intangible drilling and development
costs and depletion deductions taken
with respect to the property. The
information that taxpayers are required
to retain will be used by the IRS to
determine whether a taxpayer has
properly characterized gain on the
disposition of section 1254 property.
Affected Public: Businesses or other
for-profit organizations; Individuals or
households.
Estimated Annual Burden Hours:
2,000.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014–04318 Filed 2–26–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
mstockstill on DSK4VPTVN1PROD with NOTICES
February 24, 2014.
The Department of the Treasury will
submit the following information
collection requests to the Office of
Management and Budget (OMB) for
review and clearance in accordance
with the Paperwork Reduction Act of
1995, Public Law 104–13, on or after the
date of publication of this notice.
DATES: Comments should be received on
or before March 31, 2014 to be assured
of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
VerDate Mar<15>2010
17:58 Feb 26, 2014
Jkt 232001
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW., Suite 8140, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission(s) may be
obtained by calling (202) 927–5331,
email at PRA@treasury.gov, or the entire
information collection request may be
found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545–0023.
Type of Review: Revision of a
currently approved collection.
Title: Quarterly Federal Excise Tax
Return.
Form: 720 and related schedules.
Abstract: The information supplied
on Form 720 is used by the IRS to
determine the correct tax liability.
Additionally, the data is reported by the
IRS to Treasury so that funds may be
transferred from the general revenue
funds to the appropriate trust funds.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
4,478,956.
OMB Number: 1545–1903.
Type of Review: Extension without
change of a currently approved
collection.
Title: TD 9168—Optional 10-Year
Write-off of Certain Tax Preferences
(REG–124405–03).
Abstract: This collection of
information is required by the IRS to
verify compliance with section 59(e).
This information will be used to
determine whether the amount of tax
has been calculated correctly.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
10,000.
OMB Number: 1545–1905.
Type of Review: Extension without
change of a currently approved
collection.
Title: TD 9289—Treatment of
Disregarded Entities Under Section 752.
Abstract: The final regulations
recognize that only the assets of a
disregarded entity that limits its
member’s liability are available to
satisfy creditors’ claims under local law.
The regulations provide rules under
section 752 for taking into account the
net value of a disregarded entity owned
by a partner or related person for
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Fmt 4703
Sfmt 4703
11179
purposes of allocating partnership
liabilities.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
3,000.
OMB Number: 1545–2178.
Type of Review: Revision of a
currently approved collection.
Title: TD 9489—Interim Final Rules
for Group Health Plans and Health
Insurance Coverage Relating to Status as
a Grandfathered Health Plan under the
Patient Protection and Affordable Care
Act (REG–118412–10).
Abstract: This document contains
interim final regulations implementing
the rules for group health plans and
health insurance coverage in the group
and individual markets under
provisions of the Patient Protection and
Affordable Care Act regarding status as
a grandfathered health plan.
Affected Public: Private Sector:
Businesses or other for-profits; Not-forprofit institutions.
Estimated Annual Burden Hours:
2,063.
OMB Number: 1545–2180.
Type of Review: Extension of a
currently approved collection.
Title: Affordable Care Act; Notice of
Rescission (TD 9491; REG–120399–10).
Abstract: This document contains
interim final regulations implementing
the rules for group health plans and
health insurance coverage in the group
and individual markets under
provisions of the Affordable Care Act
regarding preexisting condition
exclusions, lifetime and annual dollar
limits on benefits, rescissions,
prohibition on discrimination in favor
of highly compensated individuals, and
patient protections.
Affected Public: Private Sector:
Businesses or other for-profits; Not-forprofit institutions.
Estimated Annual Burden Hours: 25.
OMB Number: 1545–2181.
Type of Review: Extension without
change of a currently approved
collection.
Title: Affordable Care Act; Notice of
Patient Protections (TD 9491; REG–
120399–10).
Abstract: This document contains
interim final regulations implementing
the rules for group health plans and
health insurance coverage in the group
and individual markets under
provisions of the Affordable Care Act
regarding preexisting condition
exclusions, lifetime and annual dollar
limits on benefits, rescissions,
prohibition on discrimination in favor
of highly compensated individuals, and
patient protections.
E:\FR\FM\27FEN1.SGM
27FEN1
11180
Federal Register / Vol. 79, No. 39 / Thursday, February 27, 2014 / Notices
Affected Public: Private Sector:
Businesses or other for-profits; Not-forprofit institutions.
Estimated Annual Burden Hours:
33,000.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2014–04298 Filed 2–26–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Publication of Iran General Licenses E
and F
Office of Foreign Assets
Control, Treasury.
ACTION: Notice, publication of general
licenses.
AGENCY:
General License E
The Department of the
Treasury’s Office of Foreign Assets
Control (‘‘OFAC’’) is publishing General
License E and General License F issued
under the Iranian transactions sanctions
program on September 10, 2013.
General License E authorizes certain
services in support of nongovernmental
organizations’ activities in Iran, subject
to certain limitations. General License F
authorizes certain services in support of
professional and amateur sports
activities and exchanges involving the
United States and Iran, subject to certain
limitations.
DATES: Effective Date: September 10,
2013.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Assistant Director for Licensing, tel.:
202–622–2480, Assistant Director for
Policy, tel.: 202–622–2402, Assistant
Director for Regulatory Affairs, tel.: 202–
622–4855, Assistant Director for
Sanctions Compliance & Evaluation,
tel.: 202–622–2490, Office of Foreign
Assets Control, or Chief Counsel
(Foreign Assets Control), tel.: 202–622–
2410, Office of the General Counsel,
Department of the Treasury,
Washington, DC (not toll free numbers).
SUPPLEMENTARY INFORMATION:
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Electronic and Facsimile Availability
This document and additional
information concerning OFAC are
available from OFAC’s Web site
(www.treasury.gov/ofac). Certain general
information pertaining to OFAC’s
sanctions programs also is available via
facsimile through a 24-hour fax-ondemand service, tel.: 202/622–0077.
Background
On September 10, 2013, OFAC issued
General License E authorizing certain
VerDate Mar<15>2010
17:58 Feb 26, 2014
Jkt 232001
services in support of nongovernmental
organizations’ activities in Iran, subject
to certain limitations, under the Iranian
transactions sanctions program. Also on
September 10, 2013, OFAC issued
General License F authorizing certain
services in support of professional and
amateur sports activities and exchanges
involving the United States and Iran,
subject to certain limitations.
At the time of their issuance on
September 10, 2013, OFAC made
General License E and General License
F available on the OFAC Web site
(www.treasury.gov/ofac). With this
notice, OFAC is publishing General
License E and General License F in the
Federal Register.
Authorizing Certain Services in Support
of Nongovernmental Organizations’
Activities in Iran
(a) Except as provided in paragraph
(d) of this general license,
nongovernmental organizations
(‘‘NGOs’’) are authorized to export or
reexport services to or related to Iran in
support of the following not-for-profit
activities that are designed to directly
benefit the Iranian people:
(1) Activities related to humanitarian
projects to meet basic human needs in
Iran, including, but not limited to, the
provision of donated health-related
services; operation of orphanages;
provision of relief services related to
natural disasters; distribution of
donated articles, such as food, clothing,
and medicine, intended to be used to
relieve human suffering; and donated
training related to any of the foregoing
activities;
(2) Activities related to noncommercial reconstruction projects in
response to natural disasters in Iran for
a period of up to two years following the
natural disaster;
(3) Activities related to environmental
and wildlife conservation projects in
Iran, involving endangered species of
fauna and flora and their supporting
habitats; and
(4) Activities related to human rights
and democracy building projects in Iran,
including, but not limited to, the
sponsorship of and attendance and
training at conferences in Iran related to
human rights projects, democracy
building, or civil society development;
efforts to increase access to information
and freedom of expression; and public
advocacy, public policy advice, polling,
or surveys relating to human rights and
democracy building.
(b) Transfers of funds in support of
the activities outlined in section (a)
above by a single NGO may not exceed
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Frm 00107
Fmt 4703
Sfmt 4703
USD$500,000 in the aggregate over a 12month period.
(c) NGOs who engage in conduct
pursuant to this general license must
submit reports on a quarterly basis,
providing information including, but
not limited to, a detailed description of
the services exported or reexported to
Iran, any Iranian NGOs, Government of
Iran entities, Iranian financial
institutions, or other Iranian persons
involved in the activities; the dollar
amounts of any transfers to Iran; and the
beneficiaries of those transfers. Reports
must be filed with the Licensing
Division, Office of Foreign Assets
Control, U.S. Department of the
Treasury, 1500 Pennsylvania Avenue
NW., Washington, DC 20220, and with
the Office of Sanctions Policy and
Implementation, U.S. Department of
State, 2201 C Street NW., Washington,
DC 20520.
(d) This general license does not
authorize:
(1) The exportation or reexportation of
services specified in section (a) of this
general license to any person whose
property and interests in property are
blocked pursuant to any part of 31 CFR
chapter V other than part 560.
(2) Any activities in furtherance of
Iranian military or industrial
infrastructure or potential, or in
connection with the Iranian energy,
automobile, shipping, and shipbuilding
sectors.
(3) Any transaction by a U.S.-owned
or -controlled foreign entity otherwise
prohibited by 31 CFR 560.215 if the
transaction would be prohibited by any
other part of chapter V if engaged in by
a U.S. person or in the United States.
Note 1 to General License E: Please see 31
CFR 560.545 for a specific licensing policy
for activities not specified in section (a) of
this general license. Additionally, please see
31 CFR 560.210(b), which exempts from the
prohibitions of 31 CFR 560.204 and 560.206
donations by U.S. persons of articles, such as
food, clothing, and medicine, intended to be
used to relieve human suffering.
Note 2 to General License E: United States
depository institutions or United States
registered brokers or dealers in securities are
authorized to process transfers of funds in
furtherance of activities authorized by this
general license so long as the transfer is
consistent with 31 CFR 560.516. United
States depository institutions or United
States registered brokers or dealers in
securities may rely on the originator of the
funds transfer with regard to compliance
with paragraphs (a) and (b) of this general
license, provided that the United States
depository institution or the United States
registered broker or dealer in securities does
not know or have reason to know that the
funds transfer is not in compliance with
paragraphs (a) and (b) of this general license.
E:\FR\FM\27FEN1.SGM
27FEN1
Agencies
[Federal Register Volume 79, Number 39 (Thursday, February 27, 2014)]
[Notices]
[Pages 11179-11180]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-04298]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
February 24, 2014.
The Department of the Treasury will submit the following
information collection requests to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, Public Law 104-13, on or after the date of
publication of this notice.
DATES: Comments should be received on or before March 31, 2014 to be
assured of consideration.
ADDRESSES: Send comments regarding the burden estimate, or any other
aspect of the information collection, including suggestions for
reducing the burden, to (1) Office of Information and Regulatory
Affairs, Office of Management and Budget, Attention: Desk Officer for
Treasury, New Executive Office Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8140, Washington,
DC 20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be
obtained by calling (202) 927-5331, email at PRA@treasury.gov, or the
entire information collection request may be found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545-0023.
Type of Review: Revision of a currently approved collection.
Title: Quarterly Federal Excise Tax Return.
Form: 720 and related schedules.
Abstract: The information supplied on Form 720 is used by the IRS
to determine the correct tax liability. Additionally, the data is
reported by the IRS to Treasury so that funds may be transferred from
the general revenue funds to the appropriate trust funds.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 4,478,956.
OMB Number: 1545-1903.
Type of Review: Extension without change of a currently approved
collection.
Title: TD 9168--Optional 10-Year Write-off of Certain Tax
Preferences (REG-124405-03).
Abstract: This collection of information is required by the IRS to
verify compliance with section 59(e). This information will be used to
determine whether the amount of tax has been calculated correctly.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 10,000.
OMB Number: 1545-1905.
Type of Review: Extension without change of a currently approved
collection.
Title: TD 9289--Treatment of Disregarded Entities Under Section
752.
Abstract: The final regulations recognize that only the assets of a
disregarded entity that limits its member's liability are available to
satisfy creditors' claims under local law. The regulations provide
rules under section 752 for taking into account the net value of a
disregarded entity owned by a partner or related person for purposes of
allocating partnership liabilities.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 3,000.
OMB Number: 1545-2178.
Type of Review: Revision of a currently approved collection.
Title: TD 9489--Interim Final Rules for Group Health Plans and
Health Insurance Coverage Relating to Status as a Grandfathered Health
Plan under the Patient Protection and Affordable Care Act (REG-118412-
10).
Abstract: This document contains interim final regulations
implementing the rules for group health plans and health insurance
coverage in the group and individual markets under provisions of the
Patient Protection and Affordable Care Act regarding status as a
grandfathered health plan.
Affected Public: Private Sector: Businesses or other for-profits;
Not-for-profit institutions.
Estimated Annual Burden Hours: 2,063.
OMB Number: 1545-2180.
Type of Review: Extension of a currently approved collection.
Title: Affordable Care Act; Notice of Rescission (TD 9491; REG-
120399-10).
Abstract: This document contains interim final regulations
implementing the rules for group health plans and health insurance
coverage in the group and individual markets under provisions of the
Affordable Care Act regarding preexisting condition exclusions,
lifetime and annual dollar limits on benefits, rescissions, prohibition
on discrimination in favor of highly compensated individuals, and
patient protections.
Affected Public: Private Sector: Businesses or other for-profits;
Not-for-profit institutions.
Estimated Annual Burden Hours: 25.
OMB Number: 1545-2181.
Type of Review: Extension without change of a currently approved
collection.
Title: Affordable Care Act; Notice of Patient Protections (TD 9491;
REG-120399-10).
Abstract: This document contains interim final regulations
implementing the rules for group health plans and health insurance
coverage in the group and individual markets under provisions of the
Affordable Care Act regarding preexisting condition exclusions,
lifetime and annual dollar limits on benefits, rescissions, prohibition
on discrimination in favor of highly compensated individuals, and
patient protections.
[[Page 11180]]
Affected Public: Private Sector: Businesses or other for-profits;
Not-for-profit institutions.
Estimated Annual Burden Hours: 33,000.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2014-04298 Filed 2-26-14; 8:45 am]
BILLING CODE 4830-01-P