Proposed Collection; Comment Request for Distilled Spirits Credit, 802 [2022-00024]
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802
Federal Register / Vol. 87, No. 4 / Thursday, January 6, 2022 / Notices
Dated: December 22, 2021.
Andrea M. Gacki,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
[FR Doc. 2022–00001 Filed 1–5–22; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Distilled Spirits Credit
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 general public and other
Federal agencies to take this
opportunity to comment on continuing
information collections, as required by
the Paperwork Reduction Act of 1995.
The IRS is soliciting comments
concerning guidance on the distilled
spirits credit.
DATES: Written comments should be
received on or before March 7, 2022 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
to omb.unit@irs.gov. Please include,
‘‘OMB Number: 1545–1522—Public
Comment Request Notice’’ in the
Subject line.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form should be directed to
Kerry Dennis at (202) 317–5751, or at
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington DC 20224, or through the
internet, at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Distilled Spirits Credit.
OMB Number: 1545–1982.
Form Number: 8906.
Abstract: Form 8906, Distilled Spirits
Credit, was developed to carry out the
provisions of IRC section 5011(a). This
section allows eligible wholesalers and
persons subject to IRC section 5055 an
income tax credit for the average cost of
carrying excise tax on bottled distilled
spirits. The form provides a means for
the eligible taxpayer to compute the
amount of credit.
Current Actions: There is no change to
the existing form or burden at this time.
Type of Review: Extension of a
currently approved collection.
TKELLEY on DSK125TN23PROD with NOTICE
SUMMARY:
VerDate Sep<11>2014
18:13 Jan 05, 2022
Jkt 256001
Affected Public: Businesses and other
for-profit, organizations, and farms.
Estimated Number of Respondents:
300.
Estimated Time per Respondent: 1
hour, 52 minutes.
Estimated Total Annual Burden
Hours: 558 hours.
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.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or 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 shall have 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 of
information 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.
Approved: January 3, 2022.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2022–00024 Filed 1–5–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Interest Rate Paid on Cash Deposited
To Secure U.S. Immigration and
Customs Enforcement Immigration
Bonds
Departmental Offices, Treasury.
Notice.
AGENCY:
ACTION:
For the period beginning
January 1, 2022, and ending on March
31, 2022, the U.S. Immigration and
Customs Enforcement Immigration
SUMMARY:
PO 00000
Frm 00057
Fmt 4703
Sfmt 4703
Bond interest rate is .06 per centum per
annum.
DATES: Rates are applicable January 1,
2022 to March 31, 2022.
ADDRESSES: Comments or inquiries may
be mailed to Will Walcutt, Supervisor,
Funds Management Branch, Funds
Management Division, Fiscal
Accounting, Bureau of the Fiscal
Services, Parkersburg, West Virginia
26106–1328.
You can download this notice at the
following internet addresses: <https://
www.treasury.gov> or <https://
www.federalregister.gov>.
FOR FURTHER INFORMATION CONTACT:
Ryan Hanna, Manager, Funds
Management Branch, Funds
Management Division, Fiscal
Accounting, Bureau of the Fiscal
Service, Parkersburg, West Virginia
261006–1328 (304) 480–5120; Will
Walcutt, Supervisor, Funds
Management Branch, Funds
Management Division, Fiscal
Accounting, Bureau of the Fiscal
Services, Parkersburg, West Virginia
26106–1328, (304) 480–5117.
SUPPLEMENTARY INFORMATION: Federal
law requires that interest payments on
cash deposited to secure immigration
bonds shall be ‘‘at a rate determined by
the Secretary of the Treasury, except
that in no case shall the interest rate
exceed 3 per centum per annum.’’ 8
U.S.C. 1363(a). Related Federal
regulations state that ‘‘Interest on cash
deposited to secure immigration bonds
will be at the rate as determined by the
Secretary of the Treasury, but in no case
will exceed 3 per centum per annum or
be less than zero.’’ 8 CFR 293.2.
Treasury has determined that interest on
the bonds will vary quarterly and will
accrue during each calendar quarter at
a rate equal to the lesser of the average
of the bond equivalent rates on 91-day
Treasury bills auctioned during the
preceding calendar quarter, or 3 per
centum per annum, but in no case less
than zero. [80 FR 45018]. In addition to
this Notice, Treasury posts the current
quarterly rate in Table 2b—Interest
Rates for Specific Legislation on the
TreasuryDirect website.
The Deputy Assistant Secretary for
Public Finance, Gary Grippo, having
reviewed and approved this document,
is delegating the authority to
electronically sign this document to
Heidi Cohen, Federal Register Liaison
for the Department, for purposes of
publication in the Federal Register.
Heidi Cohen,
Federal Register Liaison.
[FR Doc. 2022–00051 Filed 1–5–22; 8:45 am]
BILLING CODE 4810–AS–P
E:\FR\FM\06JAN1.SGM
06JAN1
]]>Agencies
[Federal Register Volume 87, Number 4 (Thursday, January 6, 2022)]
[Notices]
[Page 802]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-00024]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Distilled Spirits Credit
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 general public
and other Federal agencies to take this opportunity to comment on
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning
guidance on the distilled spirits credit.
DATES: Written comments should be received on or before March 7, 2022
to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224, or to [email protected]. Please include, ``OMB Number: 1545-
1522--Public Comment Request Notice'' in the Subject line.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form should be directed to Kerry Dennis at (202) 317-
5751, or at Internal Revenue Service, Room 6526, 1111 Constitution
Avenue NW, Washington DC 20224, or through the internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Distilled Spirits Credit.
OMB Number: 1545-1982.
Form Number: 8906.
Abstract: Form 8906, Distilled Spirits Credit, was developed to
carry out the provisions of IRC section 5011(a). This section allows
eligible wholesalers and persons subject to IRC section 5055 an income
tax credit for the average cost of carrying excise tax on bottled
distilled spirits. The form provides a means for the eligible taxpayer
to compute the amount of credit.
Current Actions: There is no change to the existing form or burden
at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit, organizations,
and farms.
Estimated Number of Respondents: 300.
Estimated Time per Respondent: 1 hour, 52 minutes.
Estimated Total Annual Burden Hours: 558 hours.
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.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or 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 shall have 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 of
information 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.
Approved: January 3, 2022.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2022-00024 Filed 1-5-22; 8:45 am]
BILLING CODE 4830-01-P
