Agency Information Collection Activities; Submission for OMB Review; Comment Request; Distilled Spirits Plants-Transaction and Supporting Records, 11180-11181 [2020-03862]

Download as PDF 11180 Federal Register / Vol. 85, No. 38 / Wednesday, February 26, 2020 / Notices khammond on DSKJM1Z7X2PROD with NOTICES SUPPLEMENTARY INFORMATION: Community Development Financial Institutions Fund (CDFI Fund) 1. Title: Uses of Award Report Form. OMB Control Number: 1559–0032. Type of Review: Revision of a currently approved collection. Description: The Community Development Financial Institutions Fund (CDFI Fund) administers the Bank Enterprise Award Program (BEA Program), the Community Development Financial Institutions Program (CDFI Program), and the Native American CDFI Assistance Program (NACA Program). The Uses of Award Report Form is used by Award Recipients of the BEA, CDFI, and NACA Programs to report to the CDFI Fund, on the uses of their award funds per their Award/ Assistance Agreements. Form: Uses of Award (UOA) Report. Affected Public: Businesses or other for-profits. Estimated Number of Respondents: 470. Frequency of Response: Annually. Estimated Total Number of Annual Responses: 470. Estimated Time per Response: 1 hour. Estimated Total Annual Burden Hours: 470. 2. Title: New Markets Tax Credit Program Allocation and Qualified Equity Tracking (AQEI) System. OMB Control Number: 1559–0024. Type of Review: Revision of a currently approved collection. Description: The New Markets Tax Credit Program (NMTC Program) was established by Congress in 2000 to spur new or increased investments into operating businesses and real estate projects located in low-income communities. The NMTC Program attracts investment capital to lowincome communities by permitting individual and corporate investors to receive a tax credit against their Federal income tax return in exchange for making equity investments in specialized financial institutions called Community Development Entities (CDEs). Via a competitive process, the CDFI Fund awards NMTC allocation awards to select CDEs, based upon information submitted in their NMTC Allocation Application. Entities receiving an NMTC allocation must enter into an allocation agreement with the CDFI Fund. The allocation agreement contains the terms and conditions, including all reporting requirements, associated with the receipt of a NMTC allocation. The CDFI Fund required each Allocatee to use an electronic data collection and submission system, known as the VerDate Sep<11>2014 17:22 Feb 25, 2020 Jkt 250001 Allocation Tracking System (ATS), to report on the information related to its receipt of a Qualified Equity Investment (QEI). As of May 2018, the ATS function was renamed as the NMTC Allocation and Qualified Equity Investment Tracking System (AQEI) and moved to the CDFI Fund’s Awards Management Information System (AMIS), a business system that supports all CDFI Fund programs through each phase of the programs’ life cycle. AQEI enables Allocatees to report information to the CDFI Fund in a timely fashion. This information is also used by the Treasury Department (including both the CDFI Fund and the Internal Revenue Service (IRS)) to: (1) Monitor the issuance of QEIs to ensure that no Allocatee exceeds its allocation authority; (2) ensure that QEIs are issued within the timeframes required by the NMTC Program regulations and the legal agreements signed between the CDFI Fund and the Allocatee; and (3) assist with NMTC Program evaluation efforts. Form: None. Affected Public: Businesses or other for-profits, State, Local, & Tribal Governments. Estimated Number of Respondents: 156. Frequency of Response: On occasion. Estimated Total Number of Annual Responses: 1,872. Estimated Time per Response: 1 hour 30 minutes. Estimated Total Annual Burden Hours: 2,808. 3. Title: New Markets Tax Credit (NMTC) Program—Community Development Entity (CDE) Certification Application. OMB Control Number: 1559–0014. Type of Review: Revision of a currently approved collection. Description: The purpose of the NMTC Program is to provide an incentive to investors in the form of a tax credit, which is expected to stimulate investment in new private capital in low-income communities. In order to qualify for a NMTC Program allocation award from the CDFI Fund, an applicant must be certified by the CDFI Fund as a Community Development Entity (CDE). The CDE Certification Application is used to determine whether an entity seeking CDE certification meets the CDFI Fund’s requirements for such certification. Form: CDFI–0019. Affected Public: Businesses or other for-profits. Estimated Number of Respondents: 300. Frequency of Response: Once. Estimated Total Number of Annual Responses: 300. PO 00000 Frm 00136 Fmt 4703 Sfmt 4703 Estimated Time per Response: 4 hours. Estimated Total Annual Burden Hours: 1,200. (Authority: 44 U.S.C. 3501 et seq.) Dated: February 21, 2020. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2020–03878 Filed 2–25–20; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Distilled Spirits Plants—Transaction and Supporting Records 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 March 27, 2020 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 8100, Washington, DC 20220, or email at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Spencer W. Clark by emailing PRA@treasury.gov, calling (202) 927–5331, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: SUMMARY: Tax and Trade Bureau (TTB) Title: Distilled Spirits Plants— Transaction and Supporting Records. OMB Control Number: 1505–0056. Type of Review: Revision of a currently approved collection. Description: In general, the Internal Revenue Code (IRC) at 26 U.S.C. 5001 E:\FR\FM\26FEN1.SGM 26FEN1 Federal Register / Vol. 85, No. 38 / Wednesday, February 26, 2020 / Notices khammond on DSKJM1Z7X2PROD with NOTICES imposes Federal alcohol excise tax on distilled spirits produced or imported into the United States. To protect that revenue, the IRC at 26 U.S.C. 5207 also provides that distilled spirits plant (DSP) proprietors must maintain records related to their production, storage, denaturing, and processing activities and render reports covering those activities ‘‘as the Secretary shall by regulations prescribe.’’ Under those IRC authorities, the TTB regulations in 27 CFR parts 19, 26, 27, and 28 require DSP proprietors to keep certain usual and customary records related to their production, storage, denaturing, and processing activities. This information collection consists of the transaction and supporting records that are common to all four of those DSP activities. VerDate Sep<11>2014 17:22 Feb 25, 2020 Jkt 250001 Proprietors use those common records, along with records that are unique to each activity, to document the data provided on their monthly DSP production, storage, denaturing, and processing operations reports. (TTB requirements to keep records unique to each of the four DSP activities, and the four related DSP operations reports, are approved under other OMB control numbers.) TTB personnel may examine the required records to verify the data provided by DSP proprietors in their monthly operations reports as those reports assist TTB in determining a DSP proprietor’s Federal excise tax liability. As such, this information collection is necessary to protect the revenue. Form: None. Affected Public: Businesses or other for-profits. PO 00000 Frm 00137 Fmt 4703 Sfmt 9990 11181 Estimated Number of Respondents: 3,340. Frequency of Response: Annually. Estimated Total Number of Annual Responses: 3,340. Estimated Time per Response: 0 hours. The information collection consists only of customary and usual recordkeeping, which imposes no additional burden on respondents. Estimated Total Annual Burden Hours: 0. (Authority: 44 U.S.C. 3501 et seq.) Dated: February 21, 2020. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2020–03862 Filed 2–25–20; 8:45 am] BILLING CODE 4810–31–P E:\FR\FM\26FEN1.SGM 26FEN1

Agencies

[Federal Register Volume 85, Number 38 (Wednesday, February 26, 2020)]
[Notices]
[Pages 11180-11181]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03862]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Distilled Spirits Plants--Transaction and 
Supporting Records

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 March 27, 2020 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 [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8100, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Tax and Trade Bureau (TTB)

    Title: Distilled Spirits Plants--Transaction and Supporting 
Records.
    OMB Control Number: 1505-0056.
    Type of Review: Revision of a currently approved collection.
    Description: In general, the Internal Revenue Code (IRC) at 26 
U.S.C. 5001

[[Page 11181]]

imposes Federal alcohol excise tax on distilled spirits produced or 
imported into the United States. To protect that revenue, the IRC at 26 
U.S.C. 5207 also provides that distilled spirits plant (DSP) 
proprietors must maintain records related to their production, storage, 
denaturing, and processing activities and render reports covering those 
activities ``as the Secretary shall by regulations prescribe.'' Under 
those IRC authorities, the TTB regulations in 27 CFR parts 19, 26, 27, 
and 28 require DSP proprietors to keep certain usual and customary 
records related to their production, storage, denaturing, and 
processing activities. This information collection consists of the 
transaction and supporting records that are common to all four of those 
DSP activities. Proprietors use those common records, along with 
records that are unique to each activity, to document the data provided 
on their monthly DSP production, storage, denaturing, and processing 
operations reports. (TTB requirements to keep records unique to each of 
the four DSP activities, and the four related DSP operations reports, 
are approved under other OMB control numbers.) TTB personnel may 
examine the required records to verify the data provided by DSP 
proprietors in their monthly operations reports as those reports assist 
TTB in determining a DSP proprietor's Federal excise tax liability. As 
such, this information collection is necessary to protect the revenue.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 3,340.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 3,340.
    Estimated Time per Response: 0 hours. The information collection 
consists only of customary and usual recordkeeping, which imposes no 
additional burden on respondents.
    Estimated Total Annual Burden Hours: 0.

(Authority: 44 U.S.C. 3501 et seq.)

    Dated: February 21, 2020.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2020-03862 Filed 2-25-20; 8:45 am]
BILLING CODE 4810-31-P
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