Proposed Collection; Comment Request for Notice 99-43, 2171 [2023-00493]
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Federal Register / Vol. 88, No. 8 / Thursday, January 12, 2023 / Notices
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 9, 2023.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2023–00487 Filed 1–11–23; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Notice 99–43
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service
(IRS), 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 information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
information reporting for
Nonrecognition Exchanges under
Section 897.
DATES: Written comments should be
received on or before March 13, 2023 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
by email to pra.comments@irs.gov.
Include ‘‘OMB Number 1545–1660–Rule
to be Included in Final Regulations
Under Section 897(e) of the Code’’ in
the subject line of the message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this collection should be
directed to Martha R. Brinson, at
(202)317–5753, or at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Rule to be Included in Final
Regulations Under Section 897(e) of the
Code.
OMB Number: 1545–1660.
Regulation Project Number: Notice
99–43.
Abstract: Notice 99–43 announced
modification of the current rules under
Temporary Regulation section 1.897–
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:36 Jan 11, 2023
Jkt 259001
6T(a)(1) regarding transfers, exchanges
and other dispositions of U.S. real
property interests in nonrecognition
transactions occurring after June 18,
1980. The notice provided that, contrary
to section 1.897–6T(a)(1), a foreign
taxpayer will not recognize a gain under
Code 897(e) for an exchange described
in Code section 368(a)(1)(E) or (F),
provided the taxpayer receives
substantially identical shares of the
same domestic corporation with the
same divided rights, voting power,
liquidation preferences, and
convertibility as the shares exchanged
without any additional rights or
features.
Current Actions: There are no changes
in the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals or
households, and corporations.
Estimated Number of Respondents:
100.
Estimated Time per Respondent: 2
hours.
Estimated Total Annual Burden
Hours: 200.
The following paragraph applies to all
of 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 as long
as 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. Comments
will be 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 of information
on 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.
PO 00000
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2171
Approved: January 5, 2023.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2023–00493 Filed 1–11–23; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Proposed Collection;
Comment Request; Local Assistance
and Tribal Consistency Fund (LATCF)
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice of information collection;
request for comment.
AGENCY:
The U.S. Department of the
Treasury, 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 this
continuing information collection, as
required by the Paperwork Reduction
Act of 1995. The public is invited to
submit comments on the collection(s)
listed below.
DATES: Written comments must be
received on or before March 13, 2023.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
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 Melody Braswell by
emailing PRA@treasury.gov, calling
(202) 622–1035, or viewing the entire
information collection request at
www.reginfo.gov.
SUMMARY:
SUPPLEMENTARY INFORMATION:
Title: Local Assistance and Tribal
Consistency Fund (LATCF).
OMB Control Number: 1505–0276.
Type of Review: Revision of a
currently approved collection.
Abstract: Section 605 of the Social
Security Act, as added by section 9901
of the American Rescue Plan Act of
2021, established the Local Assistance
and Tribal Consistency Fund (the
‘‘LATCF’’), which appropriates $2
billion in total funding across fiscal
years 2022 and 2023 to Treasury to
make payments to eligible revenue
sharing counties and eligible Tribal
governments (collectively, ‘‘eligible
governments’’). Specifically, for each of
fiscal years 2022 and 2023, Treasury
shall reserve $250 million of the total
amount appropriated to allocate and pay
E:\FR\FM\12JAN1.SGM
12JAN1
]]>Agencies
[Federal Register Volume 88, Number 8 (Thursday, January 12, 2023)]
[Notices]
[Page 2171]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-00493]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Notice 99-43
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act
of 1995. The IRS is soliciting comments concerning information
reporting for Nonrecognition Exchanges under Section 897.
DATES: Written comments should be received on or before March 13, 2023
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 by email to [email protected]. Include ``OMB Number 1545-
1660-Rule to be Included in Final Regulations Under Section 897(e) of
the Code'' in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
or copies of this collection should be directed to Martha R. Brinson,
at (202)317-5753, or at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Rule to be Included in Final Regulations Under Section
897(e) of the Code.
OMB Number: 1545-1660.
Regulation Project Number: Notice 99-43.
Abstract: Notice 99-43 announced modification of the current rules
under Temporary Regulation section 1.897-6T(a)(1) regarding transfers,
exchanges and other dispositions of U.S. real property interests in
nonrecognition transactions occurring after June 18, 1980. The notice
provided that, contrary to section 1.897-6T(a)(1), a foreign taxpayer
will not recognize a gain under Code 897(e) for an exchange described
in Code section 368(a)(1)(E) or (F), provided the taxpayer receives
substantially identical shares of the same domestic corporation with
the same divided rights, voting power, liquidation preferences, and
convertibility as the shares exchanged without any additional rights or
features.
Current Actions: There are no changes in the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals or households, and corporations.
Estimated Number of Respondents: 100.
Estimated Time per Respondent: 2 hours.
Estimated Total Annual Burden Hours: 200.
The following paragraph applies to all of 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 as long as
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.
Comments will be 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 of information on 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 5, 2023.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2023-00493 Filed 1-11-23; 8:45 am]
BILLING CODE 4830-01-P
