80 FR 57050 - Proposed Collection; Comment Request for Notice 2009-26

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 182 (September 21, 2015)

Page Range		57050-57050
FR Document		2015-23607

The 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Notice 2009-26, Build America Bonds and Direct Payment Subsidy Implementation.

Federal Register, Volume 80 Issue 182 (Monday, September 21, 2015)

[Federal Register Volume 80, Number 182 (Monday, September 21, 2015)]
[Notices]
[Page 57050]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-23607]



[[Page 57050]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 2009-26

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The 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 proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Notice 2009-26, Build America Bonds and Direct Payment Subsidy 
Implementation.

DATES: Written comments should be received on or before November 20, 
2015 to be assured of consideration.

ADDRESSES: Direct all written comments to Martha Brinson, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this regulation should be directed to Kerry Dennis, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224, or through the Internet at Kerry.Dennis@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Build America Bonds and Direct Payment Subsidy 
Implementation.
    OMB Number: 1545-2143.
    Notice Number: Notice 2009-26.
    Abstract: This Notice provides guidance on tax incentives for Build 
America Bonds under Sec.  54AA of the Internal Revenue Code (``Code'') 
and the implementation plans for the refundable credit payment 
procedures for these bonds. This Notice includes guidance on the 
modified Build America Bond program for Recovery Zone Economic 
Development Bonds under Sec.  1400U-2 of the Code. This Notice provides 
guidance on the initial refundable credit payment procedures, required 
elections, and information reporting. This Notice solicits public 
comments on the refundable credit payment procedures for these bonds. 
This Notice is intended to facilitate prompt implementation of the 
Build America Bond program and to enable state and local governments to 
begin issuing these bonds for authorized purposes to promote economic 
recovery and job creation.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations and 
not-for-profit institutions.
    Estimated Number of Respondents: 1,000.
    Estimated Average Time per Respondent: 15 hours.
    Estimated Total Annual Burden Hours: 15,000.
    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. 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: August 19, 2015.
Martha Brinson,
IRS Tax Analyst.
[FR Doc. 2015-23607 Filed 9-18-15; 8:45 am]
BILLING CODE 4830-01-P

57050 Federal Register / Vol. 80, No. 182 / Monday, September 21, 2015 / Notices

DEPARTMENT OF THE TREASURY purposes to promote economic recovery DEPARTMENT OF THE TREASURY
and job creation.
Internal Revenue Service Internal Revenue Service
Current Actions: There is no change to
Proposed Collection; Comment this existing regulation. Proposed Collection; Comment
Request for Notice 2009–26 Type of Review: Extension of a Request for Form 8882
currently approved collection.
AGENCY: Internal Revenue Service (IRS), AGENCY: Internal Revenue Service (IRS),
Treasury. Affected Public: Business or other for- Treasury.
ACTION: Notice and request for profit organizations and not-for-profit ACTION: Notice and request for
comments. institutions. comments.
Estimated Number of Respondents:
SUMMARY: The Department of the SUMMARY: The Department of the
1,000.
Treasury, as part of its continuing effort Treasury, as part of its continuing effort
to reduce paperwork and respondent Estimated Average Time per to reduce paperwork and respondent
burden, invites the general public and Respondent: 15 hours. burden, invites the general public and
other Federal agencies to take this Estimated Total Annual Burden other Federal agencies to take this
opportunity to comment on proposed Hours: 15,000. opportunity to comment on proposed
and/or continuing information and/or continuing information
The following paragraph applies to all
collections, as required by the collections, as required by the
of the collections of information covered Paperwork Reduction Act of 1995,
Paperwork Reduction Act of 1995, by this notice:
Public Law 104–13 (44 U.S.C. Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is An agency may not conduct or 3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Notice sponsor, and a person is not required to soliciting comments concerning Form
2009–26, Build America Bonds and respond to, a collection of information 8882, Credit for Employer-Provided
Direct Payment Subsidy unless the collection of information Child Care Facilities and Services.
Implementation. displays a valid OMB control number. DATES: Written comments should be
DATES: Written comments should be Books or records relating to a collection received on or before November 20,
received on or before November 20, of information must be retained as long 2015 to be assured of consideration.
2015 to be assured of consideration. as their contents may become material ADDRESSES: Direct all written comments
in the administration of any internal to Martha Brinson, Internal Revenue
ADDRESSES: Direct all written comments
revenue law. Generally, tax returns and Service, Room 6129, 1111 Constitution
to Martha Brinson, Internal Revenue
tax return information are confidential, Avenue NW., Washington, DC 20224.
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224. as required by 26 U.S.C. 6103. FOR FURTHER INFORMATION CONTACT:
Request for Comments: Comments Requests for additional information or
FOR FURTHER INFORMATION CONTACT:
submitted in response to this notice will copies of the form and instructions
Requests for additional information or
be summarized and/or included in the should be directed to Kerry Dennis, at
copies of this regulation should be
request for OMB approval. All Internal Revenue Service, Room 6129,
directed to Kerry Dennis, Internal
comments will become a matter of 1111 Constitution Avenue NW.,
Revenue Service, Room 6129, 1111
public record. Comments are invited on: Washington, DC 20224, or through the
Constitution Avenue NW., Washington,
internet at Kerry.Dennis@irs.gov.
DC 20224, or through the Internet at (a) Whether the collection of
Kerry.Dennis@irs.gov. information is necessary for the proper SUPPLEMENTARY INFORMATION:
Title: Credit for Employer-Provided
SUPPLEMENTARY INFORMATION: performance of the functions of the
Child Care Facilities and Services.
Title: Build America Bonds and Direct agency, including whether the
OMB Number: 1545–1809.
Payment Subsidy Implementation. information shall have practical utility; Form Number: 8882.
OMB Number: 1545–2143. (b) the accuracy of the agency’s estimate Abstract: Qualified employers use
Notice Number: Notice 2009–26. of the burden of the collection of Form 8882 to request a credit for
Abstract: This Notice provides information; (c) ways to enhance the employer-provided child care facilities
guidance on tax incentives for Build quality, utility, and clarity of the and services. Section 45F provides
America Bonds under § 54AA of the information to be collected; (d) ways to credit based on costs incurred by an
Internal Revenue Code (‘‘Code’’) and the minimize the burden of the collection of employer in providing child care
implementation plans for the refundable information on respondents, including facilities and resource and referral
credit payment procedures for these through the use of automated collection services. The credit is 25% of the
bonds. This Notice includes guidance techniques or other forms of information qualified child care expenditures plus
on the modified Build America Bond technology; and (e) estimates of capital 10% of the qualified child care resource
program for Recovery Zone Economic or start-up costs and costs of operation, and referral expenditures for the tax
Development Bonds under § 1400U–2 of maintenance, and purchase of services year, up to a maximum credit of
the Code. This Notice provides guidance $150,000 per tax year.
to provide information.
on the initial refundable credit payment Current Actions: There are no changes
procedures, required elections, and Approved: August 19, 2015. being made to the form at this time.
information reporting. This Notice Martha Brinson, Type of Review: Extension of a
rmajette on DSK7SPTVN1PROD with NOTICES

solicits public comments on the IRS Tax Analyst. currently approved collection.
refundable credit payment procedures [FR Doc. 2015–23607 Filed 9–18–15; 8:45 am] Affected Public: Business or other for-
for these bonds. This Notice is intended profit organizations, and individuals.
BILLING CODE 4830–01–P
to facilitate prompt implementation of Estimated Number of Respondents:
the Build America Bond program and to 666,666.
enable state and local governments to Estimated Time per Respondent: 3
begin issuing these bonds for authorized hours, 41 minutes.

VerDate Sep<11>2014 15:14 Sep 18, 2015 Jkt 235001 PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 E:\FR\FM\21SEN1.SGM 21SEN1

Document Created: 2015-12-15 09:38:27
Document Modified: 2015-12-15 09:38:27

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comments.
Dates		Written comments should be received on or before November 20, 2015 to be assured of consideration.
Contact		Requests for additional information or copies of this regulation should be directed to Kerry Dennis, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation		80 FR 57050

80 FR 57050 - Proposed Collection; Comment Request for Notice 2009-26

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 182 (September 21, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service