Submission for OMB Review; Comment Request, 83929-83930 [2016-28092]

Download as PDF Federal Register / Vol. 81, No. 225 / Tuesday, November 22, 2016 / Notices can be made in the docket (FTA–2016– 0044). FTA will respond to comments received on the draft Programmatic Assessment and Estimator Tool in a second Federal Register notice to be published after the comment period closes. That second notice will also announce the availability of a final Programmatic Assessment and the Estimator Tool that reflects any changes implemented as a result of comments received. Authority: 42 U.S.C. 4321 et seq.; 40 CFR 1507.3; 49 CFR 1.81(a)(5). Lucy Garliauskas, Associate Administrator, Office of Planning and Environment, Federal Transit Administration. [FR Doc. 2016–28104 Filed 11–21–16; 8:45 am] BILLING CODE 4910–57–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency [Docket ID OCC–2016–0032] Mutual Savings Association Advisory Committee Office of the Comptroller of the Currency (OCC), Department of the Treasury. ACTION: Notice of Federal Advisory Committee meeting. AGENCY: The OCC announces a meeting of the Mutual Savings Association Advisory Committee (MSAAC). SUMMARY: A public meeting of the MSAAC will be held on Thursday, December 8, 2016, beginning at 8:30 a.m. Eastern Standard Time (EST). ADDRESSES: The OCC will hold the December 8, 2016 meeting of the MSAAC at the OCC’s offices at 400 7th Street SW., Washington, DC 20219. FOR FURTHER INFORMATION CONTACT: Michael R. Brickman, Deputy Comptroller for Thrift Supervision, (202) 649–5420, Office of the Comptroller of the Currency, Washington, DC 20219. SUPPLEMENTARY INFORMATION: By this notice, the OCC is announcing that the MSAAC will convene a meeting on Thursday, December 8, 2016, at the OCC’s offices at 400 7th Street SW., Washington, DC 20219. The meeting is open to the public and will begin at 8:30 a.m. EST. The purpose of the meeting is for the MSAAC to advise the OCC on regulatory changes or other steps the OCC may be able to take to ensure the continued health and viability of mutual sradovich on DSK3GMQ082PROD with NOTICES DATES: VerDate Sep<11>2014 16:52 Nov 21, 2016 Jkt 241001 savings associations and other issues of concern to existing mutual savings associations. The agenda includes a discussion of current topics of interest to the industry. Members of the public may submit written statements to the MSAAC. The OCC must receive written statements no later than 5:00 p.m. EST on Thursday, December 1, 2016. Members of the public may submit written statements to MSAAC@occ.treas.gov or by mailing them to Michael R. Brickman, Designated Federal Officer, Mutual Savings Association Advisory Committee, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. Members of the public who plan to attend the meeting should contact the OCC by 5:00 p.m. EST on Thursday, December 1, 2016, to inform the OCC of their desire to attend the meeting and to provide information that will be required to facilitate entry into the meeting. Members of the public may contact the OCC via email at MSAAC@ OCC.treas.gov or by telephone at (202) 649–5420. Members of the public who are deaf or hard of hearing should call (202) 649–5597 (TTY) by 5:00 p.m. EST Thursday, December 1, 2016, to arrange auxiliary aids such as sign language interpretation for this meeting. Attendees should provide their full name, email address, and organization, if any. For security reasons, attendees will be subject to security screening procedures and must present a valid government-issued identification to enter the building. Dated: November 16, 2016. Thomas J. Curry, Comptroller of the Currency. [FR Doc. 2016–28021 Filed 11–21–16; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request November 17, 2016. 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 December 22, 2016 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimates, or any other aspect of the information collections, PO 00000 Frm 00133 Fmt 4703 Sfmt 4703 83929 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 8142, Washington, DC 20220, or email at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained by emailing PRA@treasury.gov, calling (202) 622–0934, or viewing the entire information collection request at www.reginfo.gov. Internal Revenue Service (IRS) OMB Control Number: 1545–0731. Type of Review: Extension without change of a currently approved collection. Title: Definition of an S Corporation. Abstract: The regulations provide the procedures and the statements to be filed by certain individuals for making the election under section 1361(d)(2). The statements required to be filed would be used to verify that taxpayers are complying with requirements imposed by Congress under subchapter S. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 1,005. OMB Control Number: 1545–0763. Type of Review: Extension without change of a currently approved collection. Title: Qualified Conservation Contributions. Abstract: The information is necessary to comply with various substantive requirements of section 170(h), which describes situations in which a taxpayer is entitled to an income tax deduction for a charitable contribution for conservation purposes of a partial interest in real property. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 1,250. OMB Control Number: 1545–0782. Type of Review: Extension without change of a currently approved collection. Title: Limitation on reduction in income tax liability incurred to the Virgin Islands. Abstract: The Tax Reform Act of 1986 repealed the mandatory reporting and recordkeeping requirements of section 934(d)(1954 Code). The prior exception to the general rule of section 934 (1954 Code) to prevent the Government of the E:\FR\FM\22NON1.SGM 22NON1 sradovich on DSK3GMQ082PROD with NOTICES 83930 Federal Register / Vol. 81, No. 225 / Tuesday, November 22, 2016 / Notices U.S. Virgin Islands from granting tax rebates with regard to taxes attributable to income derived from sources within the U.S. was contingent upon the taxpayer’s compliance with the reporting requirements of section 934(d). Affected Public: Individuals or Households. Estimated Total Annual Burden Hours: 185. OMB Control Number: 1545–0959. Type of Review: Extension without change of a currently approved collection. Title: Qualified Disclaimers of Property. Abstract: 26 U.S.C. Section 2518 allows a person to disclaim an interest in property received by gift or inheritance. The interest is treated as if the dis-claimant never received or transferred such interest for Federal gift tax purposes. A qualified disclaimer must be in writing and delivered to the transferor or trustee. Affected Public: Individuals or Households. Estimated Total Annual Burden Hours: 1,000. OMB Control Number: 1545–0990. Type of Review: Extension without change of a currently approved collection. Title: Form 8610, Annual Low-Income Housing Credit Agencies Report, and Schedule A (Form 8610), Carryover Allocation of Low-Income Housing Credit. Form: 8610, SCH A (Form 8610). Abstract: State housing credit agencies (Agencies) are required by Code section 42(l)(3) to report annually the amount of low-income housing credits that they allocated to qualified buildings during the year. Agencies report the amount allocated to the building owners and to the IRS in Part I of Form 8609. Carryover allocations are reported to the Agencies in carryover allocation documents. The Agencies report the carryover allocations to the IRS on Schedule A (Form 8610). Form 8610 is a transmittal and reconciliation document for Forms 8609, Schedule A (Form 8610), binding agreements, and election statements. Affected Public: State, Local, and Tribal Governments. Estimated Total Annual Burden Hours: 6,738. OMB Control Number: 1545–1219. Type of Review: Extension without change of a currently approved collection. Title: Arbitrage Rebate, Yield Restrictions and Penalty in Lieu of Arbitrage Rebate. Abstract: Form 8038–T is used by issuers of tax exempt bonds to report VerDate Sep<11>2014 16:52 Nov 21, 2016 Jkt 241001 and pay the arbitrage rebate and to elect and/or pay various penalties associated with arbitrage bonds. These issuers include state and local governments. Forms: 8038–T. Affected Public: State, Local, and Tribal Governments. Estimated Total Annual Burden Hours: 57,900. OMB Control Number: 1545–1361. Type of Review: Extension without change of a currently approved collection. Title: 26 CFR part 52, Environmental Taxes. Abstract: Section 4681 imposes a tax on ozone-depleting chemicals sold or used by a manufacturer or importer thereof. Section 4681 also imposes a tax on ozone-depleting chemicals sold or used by a manufacturer or importer thereof and imported taxable products sold or used by an importer thereof. A floor stocks tax is also imposed. Section 4682 provides exemptions and reduced rates of tax for certain uses of ozonedepleting chemicals. These regulations provide reporting and recordkeeping rules and have been codified under 26 CFR part 52. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 75,265. OMB Control Number: 1545–2036. Type of Review: Extension without change of a currently approved collection. Title: Taxation and Reporting of REIT Excess Inclusion Income by REITs, RICs, and Other Pass-Through Entities (Notice 2006–97). Abstract: The notice requires certain REITs, RICs, partnerships and other Pass-Through Entities that have excess inclusion income to disclose the amount and character of such income allocable to their record interest owners. The record interest owners need the information to properly report and pay taxes on such income. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 100. OMB Control Number: 1545–2047. Type of Review: Revision of a currently approved collection. Title: Rescission of penalty for failure to include reportable transaction information with return. Abstract: This revenue procedure provides guidance to persons who are assessed a penalty under section 6707A or 6707 of the Internal Revenue Code, and who may request rescission of those penalties from the Commissioner if the penalty is with respect to a reportable transaction other than a listed transaction. PO 00000 Frm 00134 Fmt 4703 Sfmt 4703 Affected Public: Individuals or Households. Estimated Total Annual Burden Hours: 3,866. OMB Control Number: 1545–2161. Type of Review: Extension without change of a currently approved collection. Title: Form 8038–B—Information Return for Build America Bonds and Recovery Zone Economic Development Bonds. Forms: 8038–B. Abstract: Form 8038–B has been developed to assist issuers of the new types of Build America and Recovery Zone Economic Development Bonds enacted under the American Recovery and Reinvestment Act of 2009 to capture information required by IRC section 149(e). Affected Public: State, Local, and Tribal Governments. Estimated Total Annual Burden Hours: 113,661. Bob Faber, Acting Treasury PRA Clearance Officer. [FR Doc. 2016–28092 Filed 11–21–16; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request November 17, 2016. The Department of the Treasury will submit the following information collection request 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 December 22, 2016 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimates, 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 8142, Washington, DC 20220, or email at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submission may be obtained by emailing PRA@treasury.gov, calling (202) 622–0934, or viewing the entire information collection request at www.reginfo.gov. E:\FR\FM\22NON1.SGM 22NON1

Agencies

[Federal Register Volume 81, Number 225 (Tuesday, November 22, 2016)]
[Notices]
[Pages 83929-83930]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-28092]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 17, 2016.
    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 December 22, 2016 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimates, or any other 
aspect of the information collections, 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 8142, Washington, 
DC 20220, or email at PRA@treasury.gov.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained by emailing PRA@treasury.gov, calling (202) 622-0934, or 
viewing the entire information collection request at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Control Number: 1545-0731.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Definition of an S Corporation.
    Abstract: The regulations provide the procedures and the statements 
to be filed by certain individuals for making the election under 
section 1361(d)(2). The statements required to be filed would be used 
to verify that taxpayers are complying with requirements imposed by 
Congress under subchapter S.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,005.
    OMB Control Number: 1545-0763.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Qualified Conservation Contributions.
    Abstract: The information is necessary to comply with various 
substantive requirements of section 170(h), which describes situations 
in which a taxpayer is entitled to an income tax deduction for a 
charitable contribution for conservation purposes of a partial interest 
in real property.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,250.
    OMB Control Number: 1545-0782.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Limitation on reduction in income tax liability incurred to 
the Virgin Islands.
    Abstract: The Tax Reform Act of 1986 repealed the mandatory 
reporting and recordkeeping requirements of section 934(d)(1954 Code). 
The prior exception to the general rule of section 934 (1954 Code) to 
prevent the Government of the

[[Page 83930]]

U.S. Virgin Islands from granting tax rebates with regard to taxes 
attributable to income derived from sources within the U.S. was 
contingent upon the taxpayer's compliance with the reporting 
requirements of section 934(d).
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 185.
    OMB Control Number: 1545-0959.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Qualified Disclaimers of Property.
    Abstract: 26 U.S.C. Section 2518 allows a person to disclaim an 
interest in property received by gift or inheritance. The interest is 
treated as if the dis-claimant never received or transferred such 
interest for Federal gift tax purposes. A qualified disclaimer must be 
in writing and delivered to the transferor or trustee.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 1,000.
    OMB Control Number: 1545-0990.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form 8610, Annual Low-Income Housing Credit Agencies Report, 
and Schedule A (Form 8610), Carryover Allocation of Low-Income Housing 
Credit.
    Form: 8610, SCH A (Form 8610).
    Abstract: State housing credit agencies (Agencies) are required by 
Code section 42(l)(3) to report annually the amount of low-income 
housing credits that they allocated to qualified buildings during the 
year. Agencies report the amount allocated to the building owners and 
to the IRS in Part I of Form 8609. Carryover allocations are reported 
to the Agencies in carryover allocation documents. The Agencies report 
the carryover allocations to the IRS on Schedule A (Form 8610). Form 
8610 is a transmittal and reconciliation document for Forms 8609, 
Schedule A (Form 8610), binding agreements, and election statements.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Annual Burden Hours: 6,738.
    OMB Control Number: 1545-1219.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Arbitrage Rebate, Yield Restrictions and Penalty in Lieu of 
Arbitrage Rebate.
    Abstract: Form 8038-T is used by issuers of tax exempt bonds to 
report and pay the arbitrage rebate and to elect and/or pay various 
penalties associated with arbitrage bonds. These issuers include state 
and local governments.
    Forms: 8038-T.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Annual Burden Hours: 57,900.
    OMB Control Number: 1545-1361.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: 26 CFR part 52, Environmental Taxes.
    Abstract: Section 4681 imposes a tax on ozone-depleting chemicals 
sold or used by a manufacturer or importer thereof. Section 4681 also 
imposes a tax on ozone-depleting chemicals sold or used by a 
manufacturer or importer thereof and imported taxable products sold or 
used by an importer thereof. A floor stocks tax is also imposed. 
Section 4682 provides exemptions and reduced rates of tax for certain 
uses of ozone-depleting chemicals. These regulations provide reporting 
and recordkeeping rules and have been codified under 26 CFR part 52.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 75,265.
    OMB Control Number: 1545-2036.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Taxation and Reporting of REIT Excess Inclusion Income by 
REITs, RICs, and Other Pass-Through Entities (Notice 2006-97).
    Abstract: The notice requires certain REITs, RICs, partnerships and 
other Pass-Through Entities that have excess inclusion income to 
disclose the amount and character of such income allocable to their 
record interest owners. The record interest owners need the information 
to properly report and pay taxes on such income.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 100.
    OMB Control Number: 1545-2047.
    Type of Review: Revision of a currently approved collection.
    Title: Rescission of penalty for failure to include reportable 
transaction information with return.
    Abstract: This revenue procedure provides guidance to persons who 
are assessed a penalty under section 6707A or 6707 of the Internal 
Revenue Code, and who may request rescission of those penalties from 
the Commissioner if the penalty is with respect to a reportable 
transaction other than a listed transaction.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 3,866.
    OMB Control Number: 1545-2161.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form 8038-B--Information Return for Build America Bonds and 
Recovery Zone Economic Development Bonds.
    Forms: 8038-B.
    Abstract: Form 8038-B has been developed to assist issuers of the 
new types of Build America and Recovery Zone Economic Development Bonds 
enacted under the American Recovery and Reinvestment Act of 2009 to 
capture information required by IRC section 149(e).
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Annual Burden Hours: 113,661.

Bob Faber,
Acting Treasury PRA Clearance Officer.
[FR Doc. 2016-28092 Filed 11-21-16; 8:45 am]
 BILLING CODE 4830-01-P
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