Proposed Collection; Comment Request for Form 8038-CP, 77702 [2015-31455]
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77702
Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8038–CP
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
8038–CP, Return for Credit Payments to
Issuers of Qualified Bonds.
DATES: Written comments should be
received on or before February 16, 2016
to be assured of consideration.
ADDRESSES: Direct all written comments
to Michael Joplin, 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 Sara Covington, at
Internal Revenue Service, room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet at Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Return for Credit Payments to
Issuers of Qualified Bonds.
OMB Number: 1545–2142.
Form Number: Form 8038–CP.
Abstract: Form 8038–CP, Return for
Credit Payments to Issuers of Qualified
Bonds, was developed to carry out the
provisions of the American Recovery
and Reinvestment Act of 2009. It
provides State and local governments
with the option of issuing a tax credit
bond instead of a tax-exempt
governmental obligation bond. The bill
gives state and local governments the
option to receive a direct payment from
the Federal government equal to a
subsidy that would have been received
through the Federal tax credit for bonds.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB.
This form is being submitted for
renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses and other
for-profit organizations, Farms.
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SUMMARY:
VerDate Sep<11>2014
17:08 Dec 14, 2015
Jkt 238001
Estimated Number of Respondents:
20,000.
Estimated Time per Respondent: 12
hours 20 minutes.
Estimated Total Annual Burden
Hours: 246,600.
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: December 4, 2015.
Michael A Joplin,
IRS Supervisory Tax Analyst.
[FR Doc. 2015–31455 Filed 12–14–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 2003–
38
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
SUMMARY:
PO 00000
Frm 00103
Fmt 4703
Sfmt 4703
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 2003–38,
Commercial Revitalization Deduction.
DATES: Written comments should be
received on or before February 16, 2016
to be assured of consideration.
ADDRESSES: Direct all written comments
to Michael Joplin, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the revenue procedure should
be directed to Allan Hopkins at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Commercial Revitalization
Deduction.
OMB Number: 1545–1818.
Revenue Procedure Number: Revenue
Procedure 2003–38.
Abstract: Pursuant to § 1400I of the
Internal Revenue Code, Revenue
Procedure 2003–38 provides the time
and manner for states to make
allocations of commercial revitalization
expenditures to a new or substantially
rehabilitated building that is placed in
service in a renewal community.
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: State, local and tribal
governments, and business or other forprofit organizations.
Estimated Number of Respondents:
80.
Estimated Average Time per
Respondent: 2 hours, 30 minutes.
Estimated Total Annual Burden Hour:
200.
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.
E:\FR\FM\15DEN1.SGM
15DEN1
]]>Agencies
[Federal Register Volume 80, Number 240 (Tuesday, December 15, 2015)]
[Notices]
[Page 77702]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-31455]
[[Page 77702]]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8038-CP
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 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds.
DATES: Written comments should be received on or before February 16,
2016 to be assured of consideration.
ADDRESSES: Direct all written comments to Michael Joplin, 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 Sara
Covington, at Internal Revenue Service, room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or through the internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Return for Credit Payments to Issuers of Qualified Bonds.
OMB Number: 1545-2142.
Form Number: Form 8038-CP.
Abstract: Form 8038-CP, Return for Credit Payments to Issuers of
Qualified Bonds, was developed to carry out the provisions of the
American Recovery and Reinvestment Act of 2009. It provides State and
local governments with the option of issuing a tax credit bond instead
of a tax-exempt governmental obligation bond. The bill gives state and
local governments the option to receive a direct payment from the
Federal government equal to a subsidy that would have been received
through the Federal tax credit for bonds.
Current Actions: There is no change in the paperwork burden
previously approved by OMB.
This form is being submitted for renewal purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations,
Farms.
Estimated Number of Respondents: 20,000.
Estimated Time per Respondent: 12 hours 20 minutes.
Estimated Total Annual Burden Hours: 246,600.
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: December 4, 2015.
Michael A Joplin,
IRS Supervisory Tax Analyst.
[FR Doc. 2015-31455 Filed 12-14-15; 8:45 am]
BILLING CODE 4830-01-P
