80 FR 77702 - Proposed Collection; Comment Request for Form 8038-CP
DEPARTMENT OF THE TREASURY
Internal Revenue Service Federal Register Volume 80, Issue 240 (December 15, 2015)
Internal Revenue Service
Federal Register Volume 80, Issue 240 (December 15, 2015)
| Page Range | 77702-77702 | |
| FR Document | 2015-31455 |
[Federal Register Volume 80, Number 240 (Tuesday, December 15, 2015)] [Notices] [Page 77702] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-31455] [[Page 77702]] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8038-CP AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. ----------------------------------------------------------------------- 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 Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds. DATES: Written comments should be received on or before February 16, 2016 to be assured of consideration. ADDRESSES: Direct all written comments to Michael Joplin, Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Sara Covington, at Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]. SUPPLEMENTARY INFORMATION: Title: Return for Credit Payments to Issuers of Qualified Bonds. OMB Number: 1545-2142. Form Number: Form 8038-CP. Abstract: Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds, was developed to carry out the provisions of the American Recovery and Reinvestment Act of 2009. It provides State and local governments with the option of issuing a tax credit bond instead of a tax-exempt governmental obligation bond. The bill gives state and local governments the option to receive a direct payment from the Federal government equal to a subsidy that would have been received through the Federal tax credit for bonds. Current Actions: There is no change in the paperwork burden previously approved by OMB. This form is being submitted for renewal purposes only. Type of Review: Extension of a currently approved collection. Affected Public: Businesses and other for-profit organizations, Farms. Estimated Number of Respondents: 20,000. Estimated Time per Respondent: 12 hours 20 minutes. Estimated Total Annual Burden Hours: 246,600. 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: December 4, 2015. Michael A Joplin, IRS Supervisory Tax Analyst. [FR Doc. 2015-31455 Filed 12-14-15; 8:45 am] BILLING CODE 4830-01-P
![77702 Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices
DEPARTMENT OF THE TREASURY Estimated Number of Respondents: burden, invites the general public and
20,000. other Federal agencies to take this
Internal Revenue Service Estimated Time per Respondent: 12 opportunity to comment on proposed
hours 20 minutes. and/or continuing information
Proposed Collection; Comment Estimated Total Annual Burden collections, as required by the
Request for Form 8038–CP Hours: 246,600. Paperwork Reduction Act of 1995,
AGENCY: Internal Revenue Service (IRS), The following paragraph applies to all Public Law 104–13 (44 U.S.C.
Treasury. of the collections of information covered 3506(c)(2)(A)). Currently, the IRS is
by this notice: soliciting comments concerning
ACTION: Notice and request for
An agency may not conduct or Revenue Procedure 2003–38,
comments. sponsor, and a person is not required to Commercial Revitalization Deduction.
SUMMARY: The Department of the respond to, a collection of information DATES: Written comments should be
Treasury, as part of its continuing effort unless the collection of information received on or before February 16, 2016
to reduce paperwork and respondent displays a valid OMB control number. to be assured of consideration.
burden, invites the general public and Books or records relating to a ADDRESSES: Direct all written comments
other Federal agencies to take this collection of information must be to Michael Joplin, Internal Revenue
opportunity to comment on proposed retained as long as their contents may Service, Room 6129, 1111 Constitution
and/or continuing information become material in the administration Avenue NW., Washington, DC 20224.
collections, as required by the of any internal revenue law. Generally,
FOR FURTHER INFORMATION CONTACT:
Paperwork Reduction Act of 1995, tax returns and tax return information
Requests for additional information or
Public Law 104–13 (44 U.S.C. are confidential, as required by 26
copies of the revenue procedure should
3506(c)(2)(A)). Currently, the IRS is U.S.C. 6103. be directed to Allan Hopkins at Internal
soliciting comments concerning Form Request for Comments: Comments
Revenue Service, Room 6129, 1111
8038–CP, Return for Credit Payments to submitted in response to this notice will
Constitution Avenue NW., Washington,
Issuers of Qualified Bonds. be summarized and/or included in the
DC 20224, or through the internet at
request for OMB approval. All
DATES: Written comments should be Allan.M.Hopkins@irs.gov.
comments will become a matter of
received on or before February 16, 2016 SUPPLEMENTARY INFORMATION:
public record. Comments are invited on:
to be assured of consideration. Title: Commercial Revitalization
(a) Whether the collection of
ADDRESSES: Direct all written comments Deduction.
information is necessary for the proper OMB Number: 1545–1818.
to Michael Joplin, Internal Revenue performance of the functions of the
Service, room 6129, 1111 Constitution Revenue Procedure Number: Revenue
agency, including whether the Procedure 2003–38.
Avenue NW., Washington, DC 20224. information shall have practical utility; Abstract: Pursuant to § 1400I of the
FOR FURTHER INFORMATION CONTACT: (b) the accuracy of the agency’s estimate Internal Revenue Code, Revenue
Requests for additional information or of the burden of the collection of Procedure 2003–38 provides the time
copies of the form and instructions information; (c) ways to enhance the and manner for states to make
should be directed to Sara Covington, at quality, utility, and clarity of the allocations of commercial revitalization
Internal Revenue Service, room 6129, information to be collected; (d) ways to expenditures to a new or substantially
1111 Constitution Avenue NW., minimize the burden of the collection of rehabilitated building that is placed in
Washington, DC 20224, or through the information on respondents, including service in a renewal community.
internet at Sara.L.Covington@irs.gov. through the use of automated collection Current Actions: There are no changes
SUPPLEMENTARY INFORMATION: techniques or other forms of information being made to the revenue procedure at
Title: Return for Credit Payments to technology; and (e) estimates of capital this time.
Issuers of Qualified Bonds. or start-up costs and costs of operation, Type of Review: Extension of a
OMB Number: 1545–2142. maintenance, and purchase of services currently approved collection.
Form Number: Form 8038–CP. to provide information. Affected Public: State, local and tribal
Abstract: Form 8038–CP, Return for governments, and business or other for-
Approved: December 4, 2015.
Credit Payments to Issuers of Qualified profit organizations.
Bonds, was developed to carry out the Michael A Joplin,
Estimated Number of Respondents:
provisions of the American Recovery IRS Supervisory Tax Analyst. 80.
and Reinvestment Act of 2009. It [FR Doc. 2015–31455 Filed 12–14–15; 8:45 am] Estimated Average Time per
provides State and local governments BILLING CODE 4830–01–P Respondent: 2 hours, 30 minutes.
with the option of issuing a tax credit Estimated Total Annual Burden Hour:
bond instead of a tax-exempt 200.
governmental obligation bond. The bill DEPARTMENT OF THE TREASURY The following paragraph applies to all
gives state and local governments the of the collections of information covered
option to receive a direct payment from Internal Revenue Service by this notice:
the Federal government equal to a An agency may not conduct or
Proposed Collection; Comment sponsor, and a person is not required to
subsidy that would have been received Request for Revenue Procedure 2003–
through the Federal tax credit for bonds. respond to, a collection of information
38 unless the collection of information
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Current Actions: There is no change
in the paperwork burden previously AGENCY: Internal Revenue Service (IRS), displays a valid OMB control number.
approved by OMB. Treasury. Books or records relating to a collection
This form is being submitted for ACTION: Notice and request for of information must be retained as long
renewal purposes only. comments. as their contents may become material
Type of Review: Extension of a in the administration of any internal
currently approved collection. SUMMARY: The Department of the revenue law. Generally, tax returns and
Affected Public: Businesses and other Treasury, as part of its continuing effort tax return information are confidential,
for-profit organizations, Farms. to reduce paperwork and respondent as required by 26 U.S.C. 6103.
VerDate Sep<11>2014 17:08 Dec 14, 2015 Jkt 238001 PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 E:\FR\FM\15DEN1.SGM 15DEN1](https://thefederalregister.org/doc/80_FR_77942/page/1.svg)
Document Created: 2018-03-02 09:15:55
Document Modified: 2018-03-02 09:15:55
| 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 February 16, 2016 to be assured of consideration. | |
| Contact | Requests for additional information or copies of the form and instructions should be directed to Sara Covington, at Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected] | |
| FR Citation | 80 FR 77702 |
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