Proposed Extension of Information Collection Request Submitted for Public Comment; Requirements Related to Requests for Ruling and Determination Letters, 71319-71320 [2021-27105]
Download as PDF
khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 86, No. 238 / Wednesday, December 15, 2021 / Notices
Following the close of this notice’s
60-day comment period, the OCC will
publish a second notice with a 30-day
comment period. You may review
comments and other related materials
that pertain to this information
collection beginning on the date of
publication of the second notice for this
collection by the method set forth in the
next bullet. Following the close of this
notice’s 60-day comment period, the
OCC will publish a second notice with
a 30-day comment period.
• Viewing Comments Electronically:
Go to www.reginfo.gov. Hover over the
‘‘Information Collection Review’’ tab.
Underneath the ‘‘Currently under
Review’’ section heading, from the dropdown menu select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching by OMB control number
‘‘1557–NEW’’ or ‘‘Community
Reinvestment Act Qualifying Activities
Confirmation Request Form.’’ Upon
finding the appropriate information
collection, click on the related ‘‘ICR
Reference Number.’’ On the next screen,
select ‘‘View Supporting Statement and
Other Documents’’ and then click on the
link to any comment listed at the bottom
of the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, OCC Clearance
Officer, (202) 649–5490, Chief Counsel’s
Office, Office of the Comptroller of the
Currency, 400 7th Street SW, Suite 3E–
218, Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501–3520), Federal
agencies must obtain approval from the
Office of Management and Budget
(OMB) for each collection of
information that they conduct or
sponsor. ‘‘Collection of information’’ is
defined in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. Section
3506(c)(2)(A) of title 44 requires Federal
agencies to provide a 60-day notice in
the Federal Register concerning each
proposed collection of information,
including each proposed extension of an
existing collection of information,
before submitting the collection to OMB
for approval. To comply with this
requirement, the OCC is publishing
notice of the collection of information
set forth in this document.
Title: Community Reinvestment Act
Qualifying Activities Confirmation
Request Form.
VerDate Sep<11>2014
17:04 Dec 14, 2021
Jkt 256001
OMB Control No.: 1557–NEW.
Abstract: The OCC is revising and
requesting a new OMB control number
for its form titled ‘‘Community
Reinvestment Act Qualifying Activities
Confirmation Request Form,’’ which is
currently approved under OMB Control
No. 1557–0160.
The form was created to address the
need for a qualifying activities
confirmation process that would allow
banks and interested parties to ascertain
whether an activity qualifies under the
Community Reinvestment Act (CRA).
The process was well-received and
strongly supported by commenters on
the OCC ANPR and NPR that resulted in
the 2020 final rule. Commenters on the
OCC’s September 2021 CRA NPR
expressed support for such a
confirmation system and, thus, the OCC
has determined that it is important to
implement a better-designed system to
more effectively and efficiently allow
for the confirmation of CRA qualifying
activities. The proposed revised form
includes the following changes:
• The relocation of the regulation
citation checklist of qualifying activities
from the submitter portion of the form
to the OCC portion of the form to reduce
burden on the submitter and more
accurately capture the qualifying basis
of a CRA activity.
• The relocation of the activity title
field from the submitter portion of the
form to the OCC portion of the form to
reduce burden on the submitter and
permit the OCC to develop an
appropriate and unique identifying title
of the activity for the qualifying
activities confirmation request decision
list and the CRA Illustrative List of
Qualifying Activities, when applicable.
• The relocation of the activity short
description field from the submitter
portion of the form to the OCC portion
of the form to reduce burden on the
submitter and permit the OCC to
develop a unique, appropriate
identifying short description of the
activity for the qualifying activities
confirmation request decision list and
the CRA Illustrative List of Qualifying
Activities, when applicable.
• The addition of a new field to the
submitter portion of the form to provide
for the identification of a contact’s bank
or organization, if applicable, as that
entity may differ from the bank or
organization conducting the activity.
• The elimination of the OCC portion
of the form from the publicly-available
submitter portion of the form consistent
with the integration of the OCC portion
of the form into a web-based platform
that eliminates use of the Adobe
Acrobat format in conducting the review
of submitted activities.
PO 00000
Frm 00094
Fmt 4703
Sfmt 4703
71319
• The revision of regulatory citations
in the form.
• The addition of a field indicating
whether the activity occurred between
October 1, 2021, and December 31,
2021.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit; individuals.
Number of Respondents: 120.
Frequency of Response: On occasion.
Total Annual Burden: 2,280 hours.
Comments submitted in response to
this notice will be summarized and
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 has 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 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.
Patrick T. Tierney,
Assistant Director, Bank Advisory, Office of
the Comptroller of the Currency.
[FR Doc. 2021–27160 Filed 12–14–21; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Requirements
Related to Requests for Ruling and
Determination Letters
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the 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. Currently, the IRS is
SUMMARY:
E:\FR\FM\15DEN1.SGM
15DEN1
71320
Federal Register / Vol. 86, No. 238 / Wednesday, December 15, 2021 / Notices
khammond on DSKJM1Z7X2PROD with NOTICES
soliciting comments concerning the
guidance for taxpayers regarding
information collection requirements
related to requests for ruling and
determination letters.
DATES: Written comments should be
received on or before February 14, 2022
to be assured of consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 60 days of publication of this
notice to omb.unit@irs.gov. Please
include, ‘‘OMB Number: 1545–1522—
Public Comment Request Notice’’ in the
Subject line. Requests for additional
information or copies of this collection
can be directed to Ronald J. Durbala, at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Rulings and determination
letters.
OMB Number: 1545–1522.
Regulation Project Number: Rev. Proc.
2021–1.
Abstract: This revenue procedure
explains how the Service provides
advice to taxpayers on issues under the
jurisdiction of the Associate Chief
Counsel (Corporate), the Associate Chief
Counsel (Employee Benefits, Exempt
Organizations, and Employment Taxes),
the Associate Chief Counsel (Financial
Institutions and Products), the Associate
Chief Counsel (Income Tax and
Accounting), the Associate Chief
Counsel (International), the Associate
Chief Counsel (Passthroughs and
Special Industries), and the Associate
VerDate Sep<11>2014
17:04 Dec 14, 2021
Jkt 256001
Chief Counsel (Procedure and
Administration). It explains the forms of
advice and the way advice is requested
by taxpayers and provided by the
Service.
Current Actions: The previous
approval was inadvertently
discontinued. This submission is being
made to request OMB approval on an
existing collection in use without an
OMB Control Number.
Type of Review: Existing collection in
use without an OMB Control Number.
Affected Public: Individuals or
Households.
Estimated Number of Respondents:
3,956.
Estimated Time per Respondent:
79.88 hrs.
Estimated Total Annual Burden
Hours: 316,020.
The following paragraph applies to all
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 if 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.
Desired Focus of Comments: The
Internal Revenue Service (IRS) is
PO 00000
Frm 00095
Fmt 4703
Sfmt 9990
particularly interested in comments
that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility.
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used.
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Approved: December 9, 2021.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2021–27105 Filed 12–14–21; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\15DEN1.SGM
15DEN1
Agencies
[Federal Register Volume 86, Number 238 (Wednesday, December 15, 2021)]
[Notices]
[Pages 71319-71320]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-27105]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Requirements Related to Requests for Ruling and
Determination Letters
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service, as part of its continuing effort
to reduce paperwork and respondent burden, invites the 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. Currently, the IRS is
[[Page 71320]]
soliciting comments concerning the guidance for taxpayers regarding
information collection requirements related to requests for ruling and
determination letters.
DATES: Written comments should be received on or before February 14,
2022 to be assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 60 days of publication of
this notice to [email protected]. Please include, ``OMB Number: 1545-
1522--Public Comment Request Notice'' in the Subject line. Requests for
additional information or copies of this collection can be directed to
Ronald J. Durbala, at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Rulings and determination letters.
OMB Number: 1545-1522.
Regulation Project Number: Rev. Proc. 2021-1.
Abstract: This revenue procedure explains how the Service provides
advice to taxpayers on issues under the jurisdiction of the Associate
Chief Counsel (Corporate), the Associate Chief Counsel (Employee
Benefits, Exempt Organizations, and Employment Taxes), the Associate
Chief Counsel (Financial Institutions and Products), the Associate
Chief Counsel (Income Tax and Accounting), the Associate Chief Counsel
(International), the Associate Chief Counsel (Passthroughs and Special
Industries), and the Associate Chief Counsel (Procedure and
Administration). It explains the forms of advice and the way advice is
requested by taxpayers and provided by the Service.
Current Actions: The previous approval was inadvertently
discontinued. This submission is being made to request OMB approval on
an existing collection in use without an OMB Control Number.
Type of Review: Existing collection in use without an OMB Control
Number.
Affected Public: Individuals or Households.
Estimated Number of Respondents: 3,956.
Estimated Time per Respondent: 79.88 hrs.
Estimated Total Annual Burden Hours: 316,020.
The following paragraph applies to all 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 if 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.
Desired Focus of Comments: The Internal Revenue Service (IRS) is
particularly interested in comments that:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility.
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used.
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Approved: December 9, 2021.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2021-27105 Filed 12-14-21; 8:45 am]
BILLING CODE 4830-01-P