Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Community Development Financial Institutions Fund Information Collection Requests, 11179-11180 [2020-03878]
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Federal Register / Vol. 85, No. 38 / Wednesday, February 26, 2020 / Notices
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:
khammond on DSKJM1Z7X2PROD with NOTICES
Internal Revenue Service (IRS)
1. Title: Export Exemption Certificate
(Form 1363).
OMB Control Number: 1545–0685.
Type of Review: Extension without
change of a currently approved
collection.
Description: IRC section 4272(b)(2)
excepts exported property from the
excise tax on transportation of property.
Regulation section 49.4271–1(d)(2)
authorizes the filing of Form 1363 by
the shipper to request exemption for a
shipment, or a series of shipments. The
form is filed with the carrier. It is used
by IRS as proof of tax-exempt status of
each shipment.
Form: 1363.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
100,000.
Frequency of Response: On Occasion.
Estimated Total Number of Annual
Responses: 100,000.
Estimated Time per Response: 4 hours
15 minutes.
Estimated Total Annual Burden
Hours: 425,000.
2. Title: Employer-Designed Tip
Reporting Program (EmTRAC) for the
Food and Beverage Industry.
OMB Control Number: 1545–1716.
VerDate Sep<11>2014
17:22 Feb 25, 2020
Jkt 250001
Type of Review: Extension without
change of a currently approved
collection.
Description: Information is required
by the Internal Revenue Service in its
compliance efforts to assist employers
and their employees in understanding
and complying with section 6053(a),
which requires employees to report all
their tips monthly to their employers.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
20.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 20.
Estimated Time per Response: 43
hours 30 minutes.
Estimated Total Annual Burden
Hours: 870.
3. Title: IRS Taxpayer Burden
Surveys.
OMB Control Number: 1545–2212.
Type of Review: Revision of a
currently approved collection.
Description: Each year, individual
taxpayers in the United States submit
more than 140 million tax returns to the
Internal Revenue Service (IRS). The IRS
uses the information in these returns,
recorded on roughly one hundred
distinct forms and supporting
schedules, to administer a tax system
whose rules span thousands of pages.
Managing such a complex and broadbased tax system is costly but represents
only a fraction of the total burden of the
tax system. Equally, if not more
burdensome, is the time and out-ofpocket expenses that taxpayers spend in
order to comply with tax laws and
regulations.
Changes in tax regulations, tax
administration, tax preparation
methods, and taxpayer behavior
continue to alter the amount and
distribution of taxpayer burden. The
purpose of these surveys is to gather
data that will be used to update and
expand the IRS Taxpayer Burden
Model, a robust predictive model based
on an improved burden estimation
methodology. Information gathered by
the surveys is not available in the
administrative tax return data, so survey
data are a critical input to the model.
The survey data are not viewed
discretely. Rather, because the data are
used as inputs to the Taxpayer Burden
Model, they provide an end-to-end,
taxpayer facing view of compliance
burden. The related behavioral studies
further inform IRS’s understanding of
taxpayer behavior, inform burden model
design, and help IRS improve processes
and identify opportunities to reduce
taxpayer burden.
PO 00000
Frm 00135
Fmt 4703
Sfmt 4703
11179
Form: None.
Affected Public: Businesses or other
for-profits, Not-for-profit Institutions,
Individuals and households.
Estimated Number of Respondents:
225,246.
Frequency of Response: Once.
Estimated Total Number of Annual
Responses: 225,246.
Estimated Time per Response: 29
minutes.
Estimated Total Annual Burden
Hours: 109,659.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: February 21, 2020.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2020–03863 Filed 2–25–20; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Community Development Financial
Institutions Fund 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 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.
SUMMARY:
E:\FR\FM\26FEN1.SGM
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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
]]>Agencies
[Federal Register Volume 85, Number 38 (Wednesday, February 26, 2020)]
[Notices]
[Pages 11179-11180]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03878]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple Community Development Financial
Institutions Fund 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 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.
[[Page 11180]]
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
low-income 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 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.
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
