81_FR_2005 81 FR 1996 - Proposed Collection; Comment Request for Regulation Project

81 FR 1996 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 9 (January 14, 2016)

Page Range1996-1997
FR Document2016-00580

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 information collection requirements related to arbitrage restrictions on tax-exempt bonds.

Federal Register, Volume 81 Issue 9 (Thursday, January 14, 2016) 
[Federal Register Volume 81, Number 9 (Thursday, January 14, 2016)]
[Notices]
[Pages 1996-1997]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-00580]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Regulation Project

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 
information collection requirements related to arbitrage restrictions 
on tax-exempt bonds.

DATES: Written comments should be received on or before March 14, 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 regulation should be directed to Allan Hopkins, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224, or through the Internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Arbitrage Restrictions on tax-Exempt Bonds.
    OMB Number: 1545-1490.
    Regulation Project Number: FI-28-96 (TD 8801).
    Abstract: This regulation provides guidance concerning the 
arbitrage restrictions applicable to tax-exempt bonds issued by state 
and local governments and contains rules regarding the use of proceeds 
of state and local bonds to acquire higher yielding investments. The 
regulation provides safe harbors for establishing the fair market value 
of all investments purchased for yield restricted defeasance escrows. 
Further, the regulation requires that issuers must retain certain 
records and information with the bond documents. The recordkeeping 
requirements are necessary for the IRS to determine that an issuer of 
tax-exempt bonds has not paid more than fair market value for 
nonpurpose investments under section 148 of the Internal Revenue Code.

[[Page 1997]]

    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of currently approved collection.
    Affected Public: State, local, or tribal governments, and not-for-
profit institutions.
    Estimated Number of Respondents: 1,400.
    Estimated Time per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 1,425.
    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: January 6, 2016.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2016-00580 Filed 1-13-16; 8:45 am]
BILLING CODE 4830-01-P

1996 Federal Register / Vol. 81, No. 9 / Thursday, January 14, 2016 / Notices March 3, 2016, from 8:00 a.m. to 4:30 Form Number: 8910. DEPARTMENT OF THE TREASURY p.m. Mountain Time and Friday, March Abstract: Taxpayers will file Form 4, 2016, from 8:00 a.m. until 12:00 p.m. 8910 to claim the credit for certain Internal Revenue Service Mountain Time at the IRS Office, 5338 alternative motor vehicles placed in Montgomery Blvd., Albuquerque, New Proposed Collection; Comment service after 2005. Request for Regulation Project Mexico 87109–1338. The public is invited to make oral comments or Current Actions: There is no change to this form. AGENCY: Internal Revenue Service (IRS), submit written statements for Treasury. consideration. Due to limited time and Type of Review: Extension of a ACTION: Notice and request for structure of meeting, notification of currently approved collection. comments. intent to participate must be made with Affected Public: Individuals or Kim Vinci. For more information please households, Business or other for-profit SUMMARY: The Department of the contact Kim Vinci at 1–888–912–1227 organizations, Not-for-profit Treasury, as part of its continuing effort or 916–974–5086, or write TAP Office, institutions, farms, Federal Government to reduce paperwork and respondent 4330 Watt Ave Sacramento, CA 95821– and State, Local or Tribal Government. burden, invites the general public and 7012 or contact us at the Web site: other Federal agencies to take this http://www.improveirs.org. The agenda Estimated Number of Respondents: opportunity to comment on proposed will include various IRS issues. 10,000. and/or continuing information Dated: January 7, 2016. Estimated Time Per Respondent: 8 collections, as required by the hours, 52 minutes. Paperwork Reduction Act of 1995, Antoinette Ross, Estimated Total Annual Burden Public Law 104–13 (44 U.S.C. Acting Director, Taxpayer Advocacy Panel. Hours: 88,700. 3506(c)(2)(A)). Currently, the IRS is [FR Doc. 2016–00558 Filed 1–13–16; 8:45 am] soliciting comments concerning BILLING CODE 4830–01–P The following paragraph applies to all information collection requirements of the collections of information covered related to arbitrage restrictions on tax- by this notice: exempt bonds. DEPARTMENT OF THE TREASURY An agency may not conduct or DATES: Written comments should be Internal Revenue Service sponsor, and a person is not required to received on or before March 14, 2016 to respond to, a collection of information be assured of consideration. Proposed Collection; Comment unless the collection of information ADDRESSES: Direct all written comments Request for Form 8910 displays a valid OMB control number. to Michael Joplin, Internal Revenue Books or records relating to a collection Service, Room 6129, 1111 Constitution AGENCY: Internal Revenue Service (IRS), of information must be retained as long Avenue NW., Washington, DC 20224. Treasury. as their contents may become material FOR FURTHER INFORMATION CONTACT: ACTION: Notice and request for in the administration of any internal Requests for additional information or comments. revenue law. Generally, tax returns and copies of the regulation should be tax return information are confidential, SUMMARY: The Department of the directed to Allan Hopkins, Internal as required by 26 U.S.C. 6103. Treasury, as part of its continuing effort Revenue Service, Room 6129, 1111 to reduce paperwork and respondent Request for Comments: Comments Constitution Avenue NW., Washington, burden, invites the general public and submitted in response to this notice will DC 20224, or through the Internet at other Federal agencies to take this be summarized and/or included in the Allan.M.Hopkins@irs.gov. opportunity to comment on proposed request for OMB approval. All SUPPLEMENTARY INFORMATION: and/or continuing information comments will become a matter of Title: Arbitrage Restrictions on tax- collections, as required by the public record. Comments are invited on: Exempt Bonds. Paperwork Reduction Act of 1995, (a) Whether the collection of OMB Number: 1545–1490. Public Law 104–13 (44 U.S.C. information is necessary for the proper Regulation Project Number: FI–28–96 3506(c)(2)(A)). Currently, the IRS is performance of the functions of the (TD 8801). soliciting comments concerning Form agency, including whether the Abstract: This regulation provides 8910, Alternative Motor Vehicle Credit. information shall have practical utility; guidance concerning the arbitrage (b) the accuracy of the agency’s estimate restrictions applicable to tax-exempt DATES: Written comments should be of the burden of the collection of bonds issued by state and local received on or before March 14, 2016 to information; (c) ways to enhance the governments and contains rules be assured of consideration. quality, utility, and clarity of the regarding the use of proceeds of state ADDRESSES: Direct all written comments information to be collected; (d) ways to and local bonds to acquire higher to Michael Joplin, Internal Revenue minimize the burden of the collection of yielding investments. The regulation Service, Room 6129, 1111 Constitution information on respondents, including provides safe harbors for establishing Avenue NW., Washington, DC 20224. through the use of automated collection the fair market value of all investments FOR FURTHER INFORMATION CONTACT: techniques or other forms of information purchased for yield restricted Requests for additional information or technology; and (e) estimates of capital defeasance escrows. Further, the copies of the form and instructions or start-up costs and costs of operation, regulation requires that issuers must should be directed to Allan Hopkins, mstockstill on DSK4VPTVN1PROD with NOTICES maintenance, and purchase of services retain certain records and information room 6129, 1111 Constitution Ave. NW., to provide information. with the bond documents. The Washington DC 20224, or through the recordkeeping requirements are Approved: January 6, 2016. internet, at Allan.M.Hopkins@irs.gov. necessary for the IRS to determine that Allan Hopkins, SUPPLEMENTARY INFORMATION: an issuer of tax-exempt bonds has not Title: Alternative Motor Vehicle Tax Analyst. paid more than fair market value for Credit. [FR Doc. 2016–00578 Filed 1–13–16; 8:45 am] nonpurpose investments under section OMB Number: 1545–1998. BILLING CODE 4830–01–P 148 of the Internal Revenue Code. VerDate Sep<11>2014 19:02 Jan 13, 2016 Jkt 238001 PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 E:\FR\FM\14JAN1.SGM 14JAN1

Federal Register / Vol. 81, No. 9 / Thursday, January 14, 2016 / Notices 1997 Current Actions: There is no change to DEPARTMENT OF THE TREASURY and Office of Management and Budget this existing regulation. (OMB) Guidelines on the conduct of Internal Revenue Service Matching Programs, notice is hereby Type of Review: Extension of currently approved collection. given that the Internal Revenue Service Open Meeting of the Taxpayer (IRS) intends to continue matching Affected Public: State, local, or tribal Advocacy Panel Taxpayer Assistance computerized data within its systems of governments, and not-for-profit Center Project Committee. records for the purpose of detecting and institutions. AGENCY: Internal Revenue Service (IRS), deterring breaches of security policy by Estimated Number of Respondents: Treasury. IRS personnel and/or contractors. This 1,400. ACTION: Notice of change of meeting notice is intended to comply with the date. Privacy Act of 1974, 5 U.S.C. 552a, as Estimated Time per Respondent: 1 amended by the Computer Matching hour. SUMMARY: In the Federal Register notice and Privacy Protection Act of 1988, Estimated Total Annual Burden that was originally published on Public Law 100–503, and the Computer Hours: 1,425. December 28, 2015, (Volume 80, Matching and Privacy Protection The following paragraph applies to all Number 248, Page 80880), the meeting Amendments of 1990, Public Law 101– of the collections of information covered date is now changed. The new dates for 508, as well as OMB guidelines. by this notice: the meeting are, Thursday, March 3, 2016 and Friday, March 4, 2016. SUMMARY: The IRS is continuing its An agency may not conduct or program of reviewing detections of DATES: The meeting will be held sponsor, and a person is not required to potential violations of security policies Thursday, March 3, 2016 and Friday, respond to, a collection of information to determine whether there has been an March 4, 2016. unless the collection of information actual violation. This review includes FOR FURTHER INFORMATION CONTACT: Otis displays a valid OMB control number. matching data from existing IRS systems Simpson at 1–888–912–1227 or 202– of records such as: Books or records relating to a collection 317–3332. of information must be retained as long I. Treasury Payroll and Personnel System SUPPLEMENTARY INFORMATION: Notice is as their contents may become material [Treasury/DO.001] hereby given pursuant to Section II. Subsidiary Accounting Files [Treasury/IRS in the administration of any internal 10(a)(2) of the Federal Advisory 22.054] revenue law. Generally, tax returns and Committee Act, 5 U.S.C. App. (1988) III. Automated Non-Master File (ANMF) tax return information are confidential, that an open meeting of the Taxpayer [Treasury/IRS 22.060] as required by 26 U.S.C. 6103. Advocacy Panel’s Taxpayer Assistance IV. Information Return Master File (IRMF) Request for Comments: Comments Center Project Committee will be held [Treasury/IRS 22.061] submitted in response to this notice will Thursday, March 3, 2016, from 8:00 a.m. V. CADE Individual Master File (IMF) be summarized and/or included in the to 4:30 p.m. Central Time and Friday, [Treasury/IRS 24.030] VI. CADE Business Master File (BMF) request for OMB approval. All March 4, 2016, from 8:00 a.m. until [Treasury/IRS 24.046] comments will become a matter of 12:00 p.m. Central Time at the IRS VII. Audit Trail and Security Records public record. Office, 55 North Robinson Avenue, [Treasury/IRS 34.037] Oklahoma City, OK 73102. The public is VIII. General Personnel and Payroll Records Comments are invited on: (a) Whether invited to make oral comments or [Treasury/IRS 36.003] the collection of information is submit written statements for This review may include using data necessary for the proper performance of consideration. Due to limited time and the functions of the agency, including elements such as: structure of meeting, notification of whether the information shall have intent to participate must be made with I. Employee name, Social Security number practical utility; (b) the accuracy of the Otis Simpson. For more information (SSN), standard employee identification agency’s estimate of the burden of the number (SEID), address, email addresses please contact Otis Simpson at 1–888– II. Employee spouse’s name, SSN, address collection of information; (c) ways to 912–1227 or 202–317–3332, or write III. Taxpayer entity information, including enhance the quality, utility, and clarity TAP Office, 1111 Constitution Ave. prior and current name, taxpayer of the information to be collected; (d) NW., Room 1509, Washington, DC identification number, address, tax ways to minimize the burden of the 20224 or contact us at the Web site: return/account information collection of information on http://www.improveirs.org. The agenda IV. Electronic transmission specifics, such as respondents, including through the use will include various IRS issues. sender’s email address, recipient’s email of automated collection techniques or address, recipient’s internet service Dated: January 7, 2016. provider, transmission date and time, IP other forms of information technology; Antoinette Ross, address, computer machine name, and (e) estimates of capital or start-up Acting Director, Taxpayer Advocacy Panel. terminal identification costs and costs of operation, [FR Doc. 2016–00556 Filed 1–13–16; 8:45 am] Reporting: A report describing this maintenance, and purchase of services to provide information. BILLING CODE 4830–01–P proposal has been provided to OMB and the Congressional committees Approved: January 6, 2016. responsible for oversight of the Privacy Allan Hopkins, DEPARTMENT OF THE TREASURY Act in accordance with the Privacy Act mstockstill on DSK4VPTVN1PROD with NOTICES Tax Analyst. of 1974, OMB Guidelines on the Internal Revenue Service [FR Doc. 2016–00580 Filed 1–13–16; 8:45 am] Conduct of Matching Programs (54 FR BILLING CODE 4830–01–P Privacy Act of 1974 25818, June 19, 1989), OMB Bulletin 89–22, ‘‘Instructions on Reporting AGENCY: Internal Revenue Service, Computer Matching Programs to the Treasury. Office of Management and Budget ACTION: Pursuant to section 552a(e)(12) (OMB), Congress and the Public,’’ and of the Privacy Act of 1974, as amended, OMB Circular No. A–130, (rev. Nov. 28, VerDate Sep<11>2014 16:39 Jan 13, 2016 Jkt 238001 PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 E:\FR\FM\14JAN1.SGM 14JAN1


Document Created: 2016-01-14 02:50:38
Document Modified: 2016-01-14 02:50:38
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comments.
DatesWritten comments should be received on or before March 14, 2016 to be assured of consideration.
ContactRequests for additional information or copies of the regulation should be directed to Allan Hopkins, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation81 FR 1996 
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