Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Alcohol and Tobacco Tax and Trade Bureau Information Collection Requests, 56327-56328 [2017-25680]
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Federal Register / Vol. 82, No. 227 / Tuesday, November 28, 2017 / Notices
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 1,000.
Title: Reports of Certain Domestic
Coin and Currency Transactions.
OMB Control Number: 1506–0056.
Type of Review: Revision of a
currently approved collection.
Abstract: Upon a finding that
additional reporting or recordkeeping is
necessary to carry out the purposes, or
prevent the evasion, of the Bank Secrecy
Act, Treasury may issue an order
requiring financial institutions or
groups of financial institutions in
certain geographic locations to report
certain transactions in prescribed
amounts for a limited period of time (31
CFR 1010.360). Financial institutions
subject to a geographic targeting order
must maintain records for such period
of time as the order requires but not
more than 5 years (31 CFR 1010.410(d)).
Although the burden is stated as an
annual burden in accordance with the
Paperwork Reduction Act, the estimated
annual burden is not intended to
indicate that there is a geographic
targeting order in effect throughout a
year or in each year.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 8,000.
Title: Purchases of Bank Checks and
Drafts, Cashier’s Checks, Money Orders
and Traveler’s Checks.
OMB Control Number: 1506–0057.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Financial institutions must
maintain records of certain information
related to the sale of bank checks and
drafts, cashiers checks, money orders, or
traveler’s checks when the sale involves
currency between $3,000–$10,000. The
records must be maintained for a period
of five years and be made available to
Treasury upon request.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 456,750.
Title: Records to be Made and
Retained by Financial Institutions.
OMB Control Number: 1506–0058.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Each financial institution
must retain an original or copy of
records related to extensions of credit in
excess of $10,000 (other than those
secured by real property), and records
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19:51 Nov 27, 2017
Jkt 244001
related to transfers of funds, currency,
other monetary instruments, checks,
investment securities, or credit of more
than $10,000 to or from the United
States (31 CFR 1010.410(a)–(d)). Banks
and non-bank financial institutions
must also maintain records related to,
and include certain information as part
of, funds transfers or transmittals of
funds involving more than $3,000 (31
CFR 1010.410(e)–(f)–(g)). The required
records must be maintained for five
years (31 CFR 1010.430).
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 2,150,200.
Authority: 44 U.S.C. 3501 et seq.
Dated: November 21, 2017.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2017–25574 Filed 11–27–17; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Alcohol and Tobacco Tax and Trade
Bureau Information Collection
Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
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, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before December 28, 2017 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 8142, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
SUMMARY:
PO 00000
Frm 00120
Fmt 4703
Sfmt 4703
56327
obtained from Jennifer Leonard by
emailing PRA@treasury.gov, calling
(202) 622–0489, or viewing the entire
information collection request at
www.reginfo.gov..
SUPPLEMENTARY INFORMATION:
Alcohol and Tobacco Tax and Trade
Bureau (TTB)
Title: Application for an Industrial
Alcohol User Permit.
OMB Control Number: 1513–0028.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The Internal Revenue Code
(IRC) at 26 U.S.C. 5271 authorizes the
Secretary of the Treasury to prescribe
regulations requiring persons using taxfree alcohol for certain nonbeverage
purposes (hospitals, laboratories,
research centers, etc.) and persons using
or dealing in specially denatured spirits
(alcohol and/or rum) to apply for and
receive a permit to do so prior to
commencing business. Under that
authority, the TTB regulations prescribe
the use of TTB F 5150.22 as the
application form for dealers or users of
specially denatured spirits (alcohol/
rum) (see 27 CFR 20.41) and for users
of tax-free alcohol (see 27 CFR 22.41).
TTB uses the information reported on
the form to, among other things,
determine the eligibility of the applicant
to engage in certain operations
involving specially denatured or tax-free
alcohol, the location of the business or
entity, and whether the operations will
be in conformance with Federal laws
and regulations.
Form: TTB F 5150.22.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 357.
Title: Report—Manufacturer of
Tobacco Products or Cigarette Papers
and Tubes; Report—Manufacturer of
Processed Tobacco.
OMB Control Number: 1513–0033.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The Internal Revenue Code
at 26 U.S.C. 5722 requires that every
manufacturer of tobacco products,
cigarette papers and tubes, or processed
tobacco make reports containing such
information, in such form, at such
times, and for such periods as the
Secretary of the Treasury shall by
regulation prescribe. The TTB
regulations at 27 CFR 40.202, 40.422,
and 40.522 prescribe, as appropriate, the
use of TTB F 5210.5 to report tobacco
products and cigarette papers and tubes
manufactured, received, and removed
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Federal Register / Vol. 82, No. 227 / Tuesday, November 28, 2017 / Notices
per month, and the use of TTB F 5250.1
to report all processed tobacco
manufactured, received, and removed
per month. TTB uses the collected
information to ensure that Federal
excise taxes have been properly paid
and that manufacturers are in
compliance with applicable Federal law
and regulations.
Form: TTB F 5210.5, TTB F 5250.1.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 2,820.
Title: Manufacturers of Nonbeverage
Products—Records to Support Claims
for Drawback.
OMB Control Number: 1513–0073.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The Internal Revenue Code
(IRC) at 26 U.S.C. 5001 imposes a
Federal excise tax of $13.50 per proof
gallon on distilled spirits produced or
imported into the United States.
However, the IRC at 26 U.S.C. 5111–
5114, allows manufacturers of certain
nonbeverage products that are unfit for
beverage use—medicines, medicinal
preparations, food products, flavors,
flavoring extracts, or perfume—to claim
drawback (refund) of all but $1.00 per
proof gallon of the excise tax paid on
the distilled spirits used in the
production of such products. Under
these IRC authorities, TTB has issued
regulations governing nonbeverage
product drawback claims, contained in
27 CFR part 17, which includes a
requirement to keep source records
supporting such claims. The required
source records include information
about distilled spirits received, gauge
records, evidence of taxes paid, the date
spirits were used, the quantity and kind
used in each product, receipt and usage
of other ingredients (to validate formula
compliance), inventory records, records
of recovered alcohol, the quantity of
intermediate products transferred to
other plants, the disposition of each
nonbeverage product produced, and the
purchasers (except for retail sales).
These records are necessary to protect
the revenue; the required records help
prevent fraudulent claims and the
diversion to beverage use of spirits on
which nonbeverage product drawback is
claimed.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 11,130.
Title: Proprietors or Claimants
Exporting Liquors.
OMB Control Number: 1513–0075.
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19:51 Nov 27, 2017
Jkt 244001
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Under the Internal Revenue
Code at 26 U.S.C. 5053, 5214, and 5362,
distilled spirits, wine, and beer may be
exported without payment of Federal
excise tax. In addition, under the IRC at
26 U.S.C. 5055 and 5062, taxpaid
distilled spirits, wine, and beer may be
exported and the exporter may claim
drawback (refund) on the excise taxes
paid. To protect the revenue, exporters
must complete various TTB and
customs forms to show that the products
were in fact exported. Under the TTB
alcohol beverage export regulations in
27 CFR part 28, proprietors and
drawback claimants are required to
maintain record copies of all pertinent
forms and commercial records that
document the exportation of nontaxpaid alcohol beverages and the
exportation of taxpaid alcohol beverages
for which drawback will be claimed,
and such records must be maintained
for not less than 3 years.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 750.
Title: Administrative Remedies—
Requests for Closing Agreements.
OMB Control Number: 1513–0099.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The IRC, at 26 U.S.C. 7121,
authorizes the Secretary of the Treasury
to enter into a written agreement with
any person relating to the liability of
such person (or of the person or estate
for whom he or she acts) in respect to
any internal revenue tax for any taxable
period. That IRC section also states that
such agreements, once approved, are
final and conclusive, unless it is shown
that the taxpayer exhibited fraud or
malfeasance, or misrepresented a
material fact. Under its delegated
authority, TTB has issued regulations at
27 CFR 70.485 pertaining to such
‘‘closing agreements.’’ Specific to this
information collection, the regulation
requires a taxpayer or their agent to
submit a written request to TTB to enter
into a closing agreement to resolve
certain Federal excise tax matters. TTB
uses the information collected in such a
request and any attached supporting
documentation to determine whether
the Bureau should pursue a closing
agreement with the taxpayer. Closing
agreements allow TTB and a taxpayer to
resolve tax liability matters prior to any
adversarial legal or administrative
proceedings.
PO 00000
Frm 00121
Fmt 4703
Sfmt 4703
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 5.
Authority: 44 U.S.C. 3501 et seq.
Dated: November 22, 2017.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2017–25680 Filed 11–27–17; 8:45 am]
BILLING CODE 4810–31–P
DEPARTMENT OF THE TREASURY
Terrorism Risk Insurance Program
2018 Data Call
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Request for comments.
AGENCY:
Pursuant to the Terrorism
Risk Insurance Act of 2002 (TRIA),1 the
Federal Insurance Office (FIO) requests
public feedback on the proposed
consolidation of the separate federal and
state data calls regarding terrorism risk
insurance, and the proposed data
collection forms for use in the 2018 data
call. Copies of these forms and
associated explanatory materials
(including a document identifying
specific changes to the reporting
templates and instructions as previously
used by Treasury) are available for
electronic review on the Treasury Web
site at https://www.treasury.gov/
resource-center/fin-mkts/Pages/
program.aspx. State insurance
regulators, through the National
Association of Insurance Commissioners
(NAIC), will also be separately seeking
comment from stakeholders on the
proposal.
DATES: Submit comments on or before
January 29, 2018.
ADDRESSES: Submit comments
electronically through the Federal
eRulemaking Portal: https://
www.regulations.gov, or by mail to the
Federal Insurance Office, Attn: Richard
Ifft, Room 1410 MT, Department of the
Treasury, 1500 Pennsylvania Avenue
NW., Washington, DC 20220. Because
postal mail may be subject to processing
delays, it is recommended that
comments be submitted electronically.
If submitting comments by mail, please
submit an original version with two
copies. Comments concerning the
proposed data collection forms and
SUMMARY:
1 Public Law 107–297, 116 Stat. 2322, codified at
15 U.S.C. 6701, note. Because the provisions of
TRIA (as amended) appear in a note, instead of
particular sections, of the United States Code, the
provisions of TRIA are identified by the sections of
the law.
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Agencies
[Federal Register Volume 82, Number 227 (Tuesday, November 28, 2017)]
[Notices]
[Pages 56327-56328]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-25680]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple Alcohol and Tobacco Tax and Trade
Bureau Information Collection Requests
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: 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, on or after the date of publication of this
notice. The public is invited to submit comments on these requests.
DATES: Comments should be received on or before December 28, 2017 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 8142, Washington,
DC 20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Jennifer Leonard by emailing PRA@treasury.gov, calling
(202) 622-0489, or viewing the entire information collection request at
www.reginfo.gov..
SUPPLEMENTARY INFORMATION:
Alcohol and Tobacco Tax and Trade Bureau (TTB)
Title: Application for an Industrial Alcohol User Permit.
OMB Control Number: 1513-0028.
Type of Review: Extension without change of a currently approved
collection.
Abstract: The Internal Revenue Code (IRC) at 26 U.S.C. 5271
authorizes the Secretary of the Treasury to prescribe regulations
requiring persons using tax-free alcohol for certain nonbeverage
purposes (hospitals, laboratories, research centers, etc.) and persons
using or dealing in specially denatured spirits (alcohol and/or rum) to
apply for and receive a permit to do so prior to commencing business.
Under that authority, the TTB regulations prescribe the use of TTB F
5150.22 as the application form for dealers or users of specially
denatured spirits (alcohol/rum) (see 27 CFR 20.41) and for users of
tax-free alcohol (see 27 CFR 22.41). TTB uses the information reported
on the form to, among other things, determine the eligibility of the
applicant to engage in certain operations involving specially denatured
or tax-free alcohol, the location of the business or entity, and
whether the operations will be in conformance with Federal laws and
regulations.
Form: TTB F 5150.22.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 357.
Title: Report--Manufacturer of Tobacco Products or Cigarette Papers
and Tubes; Report--Manufacturer of Processed Tobacco.
OMB Control Number: 1513-0033.
Type of Review: Extension without change of a currently approved
collection.
Abstract: The Internal Revenue Code at 26 U.S.C. 5722 requires that
every manufacturer of tobacco products, cigarette papers and tubes, or
processed tobacco make reports containing such information, in such
form, at such times, and for such periods as the Secretary of the
Treasury shall by regulation prescribe. The TTB regulations at 27 CFR
40.202, 40.422, and 40.522 prescribe, as appropriate, the use of TTB F
5210.5 to report tobacco products and cigarette papers and tubes
manufactured, received, and removed
[[Page 56328]]
per month, and the use of TTB F 5250.1 to report all processed tobacco
manufactured, received, and removed per month. TTB uses the collected
information to ensure that Federal excise taxes have been properly paid
and that manufacturers are in compliance with applicable Federal law
and regulations.
Form: TTB F 5210.5, TTB F 5250.1.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 2,820.
Title: Manufacturers of Nonbeverage Products--Records to Support
Claims for Drawback.
OMB Control Number: 1513-0073.
Type of Review: Extension without change of a currently approved
collection.
Abstract: The Internal Revenue Code (IRC) at 26 U.S.C. 5001 imposes
a Federal excise tax of $13.50 per proof gallon on distilled spirits
produced or imported into the United States. However, the IRC at 26
U.S.C. 5111-5114, allows manufacturers of certain nonbeverage products
that are unfit for beverage use--medicines, medicinal preparations,
food products, flavors, flavoring extracts, or perfume--to claim
drawback (refund) of all but $1.00 per proof gallon of the excise tax
paid on the distilled spirits used in the production of such products.
Under these IRC authorities, TTB has issued regulations governing
nonbeverage product drawback claims, contained in 27 CFR part 17, which
includes a requirement to keep source records supporting such claims.
The required source records include information about distilled spirits
received, gauge records, evidence of taxes paid, the date spirits were
used, the quantity and kind used in each product, receipt and usage of
other ingredients (to validate formula compliance), inventory records,
records of recovered alcohol, the quantity of intermediate products
transferred to other plants, the disposition of each nonbeverage
product produced, and the purchasers (except for retail sales). These
records are necessary to protect the revenue; the required records help
prevent fraudulent claims and the diversion to beverage use of spirits
on which nonbeverage product drawback is claimed.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 11,130.
Title: Proprietors or Claimants Exporting Liquors.
OMB Control Number: 1513-0075.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Under the Internal Revenue Code at 26 U.S.C. 5053, 5214,
and 5362, distilled spirits, wine, and beer may be exported without
payment of Federal excise tax. In addition, under the IRC at 26 U.S.C.
5055 and 5062, taxpaid distilled spirits, wine, and beer may be
exported and the exporter may claim drawback (refund) on the excise
taxes paid. To protect the revenue, exporters must complete various TTB
and customs forms to show that the products were in fact exported.
Under the TTB alcohol beverage export regulations in 27 CFR part 28,
proprietors and drawback claimants are required to maintain record
copies of all pertinent forms and commercial records that document the
exportation of non-taxpaid alcohol beverages and the exportation of
taxpaid alcohol beverages for which drawback will be claimed, and such
records must be maintained for not less than 3 years.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 750.
Title: Administrative Remedies--Requests for Closing Agreements.
OMB Control Number: 1513-0099.
Type of Review: Extension without change of a currently approved
collection.
Abstract: The IRC, at 26 U.S.C. 7121, authorizes the Secretary of
the Treasury to enter into a written agreement with any person relating
to the liability of such person (or of the person or estate for whom he
or she acts) in respect to any internal revenue tax for any taxable
period. That IRC section also states that such agreements, once
approved, are final and conclusive, unless it is shown that the
taxpayer exhibited fraud or malfeasance, or misrepresented a material
fact. Under its delegated authority, TTB has issued regulations at 27
CFR 70.485 pertaining to such ``closing agreements.'' Specific to this
information collection, the regulation requires a taxpayer or their
agent to submit a written request to TTB to enter into a closing
agreement to resolve certain Federal excise tax matters. TTB uses the
information collected in such a request and any attached supporting
documentation to determine whether the Bureau should pursue a closing
agreement with the taxpayer. Closing agreements allow TTB and a
taxpayer to resolve tax liability matters prior to any adversarial
legal or administrative proceedings.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 5.
Authority: 44 U.S.C. 3501 et seq.
Dated: November 22, 2017.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2017-25680 Filed 11-27-17; 8:45 am]
BILLING CODE 4810-31-P