81 FR 66122 - Proposed Collection; Comment Request for Notice 2006-107
DEPARTMENT OF THE TREASURY
Internal Revenue Service Federal Register Volume 81, Issue 186 (September 26, 2016)
Internal Revenue Service
Federal Register Volume 81, Issue 186 (September 26, 2016)
| Page Range | 66122-66122 | |
| FR Document | 2016-23126 |
[Federal Register Volume 81, Number 186 (Monday, September 26, 2016)] [Notices] [Page 66122] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-23126] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Notice 2006-107 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 Notice 2006-107, Diversification Requirements for Qualified Defined Contribution Plans Holding Publicly Traded Employer Securities. DATES: Written comments should be received on or before November 25, 2016 to be assured of consideration. ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the revenue procedure should be directed to Allan Hopkins at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]. SUPPLEMENTARY INFORMATION: Title: Diversification Requirements for Qualified Defined Contribution Plans Holding Publicly Traded Employer Securities. OMB Number: 1545-2049. Revenue Procedure Number: Notice 2006-107. Abstract: This notice provides transitional guidance on Sec. 401(a)(35) of the Internal Revenue Code, added by section 901 of the Pension Protection Act of 2006, Public Law 109-280, 120 Stat. 780 (PPA '06), which provides diversification rights with respect to publicly traded employer securities held by a defined contribution plan. This notice also states that Treasury and the Service expect to issue regulations under Sec. 401(a)(35) that incorporate the transitional relief in this notice and requests comments on the transitional guidance in this notice and on the topics that need to be addressed in the regulations. Current Actions: There are no changes being made to the Notice at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business and other for-profit. Estimated Number of Respondents: 10,300. Estimated Time per Respondent: 45 minutes. Estimated Total Annual Burden Hours: 7,725. 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: September 18, 2016. Allan Hopkins, Tax Analyst. [FR Doc. 2016-23126 Filed 9-23-16; 8:45 am] BILLING CODE 4830-01-P
![66122 Federal Register / Vol. 81, No. 186 / Monday, September 26, 2016 / Notices
SUPPLEMENTARY INFORMATION: Approved: September 13, 2016. under § 401(a)(35) that incorporate the
Title: Return for Nuclear Tuawana Pinkston, transitional relief in this notice and
Decommissioning Funds and Certain Supervisory Tax Analyst. requests comments on the transitional
Related Persons. [FR Doc. 2016–23175 Filed 9–23–16; 8:45 am] guidance in this notice and on the
OMB Number: 1545–0954. BILLING CODE 4830–01–P topics that need to be addressed in the
Form Number: 1120–ND. regulations.
Abstract: A nuclear utility files Form Current Actions: There are no changes
1120–ND to report the income and taxes DEPARTMENT OF THE TREASURY being made to the Notice at this time.
of a fund set up by the public utility to
provide cash to decommission the Internal Revenue Service Type of Review: Extension of a
nuclear power plant. The IRS uses Form currently approved collection.
1120–ND to determine if the fund Proposed Collection; Comment Affected Public: Business and other
income taxes are correctly computed Request for Notice 2006–107 for-profit.
and if an entity related to the fund or AGENCY: Internal Revenue Service (IRS), Estimated Number of Respondents:
the nuclear utility must pay taxes on Treasury. 10,300.
self-dealing, as required by Internal ACTION: Notice and request for
Revenue Code section 4951. Estimated Time per Respondent: 45
comments.
Current Actions: There are no changes minutes.
being made to the form at this time. SUMMARY: The Department of the Estimated Total Annual Burden
Type of Review: Extension of a Treasury, as part of its continuing effort Hours: 7,725.
currently approved collection. to reduce paperwork and respondent
The following paragraph applies to all
Affected Public: Business or other for- burden, invites the general public and
of the collections of information covered
profit organizations. other Federal agencies to take this
by this notice:
Estimated Number of Respondents: opportunity to comment on proposed
100. and/or continuing information An agency may not conduct or
Estimated Time per Respondents: 32 collections, as required by the sponsor, and a person is not required to
hours, 35 minutes. Paperwork Reduction Act of 1995, respond to, a collection of information
Estimated Total Annual Burden Public Law 104–13 (44 U.S.C. unless the collection of information
Hours: 3,259. 3506(c)(2)(A)). Currently, the IRS is displays a valid OMB control number.
The following paragraph applies to all soliciting comments concerning Notice Books or records relating to a
of the collections of information covered 2006–107, Diversification Requirements collection of information must be
by this notice: for Qualified Defined Contribution retained as long as their contents may
An agency may not conduct or Plans Holding Publicly Traded become material in the administration
sponsor, and a person is not required to Employer Securities. of any internal revenue law. Generally,
respond to, a collection of information DATES: Written comments should be tax returns and tax return information
unless the collection of information received on or before November 25, are confidential, as required by 26
displays a valid OMB control number. 2016 to be assured of consideration. U.S.C. 6103.
Books or records relating to a collection ADDRESSES: Direct all written comments
Request for Comments: Comments
of information must be retained as long to Tuawana Pinkston, Internal Revenue
submitted in response to this notice will
as their contents may become material Service, Room 6526, 1111 Constitution
in the administration of any Internal be summarized and/or included in the
Avenue NW., Washington, DC 20224.
Revenue law. Generally, tax returns and request for OMB approval. All
FOR FURTHER INFORMATION CONTACT:
tax return information are confidential, comments will become a matter of
Requests for additional information or public record. Comments are invited on:
as required by 26 U.S.C. 6103. copies of the revenue procedure should
Request for Comments: Comments (a) Whether the collection of
be directed to Allan Hopkins at Internal
submitted in response to this notice will information is necessary for the proper
Revenue Service, Room 6129, 1111
be summarized and/or included in the performance of the functions of the
Constitution Avenue NW., Washington,
request for OMB approval. All agency, including whether the
DC 20224, or through the internet at
comments will become a matter of information shall have practical utility;
Allan.M.Hopkins@irs.gov.
public record. Comments are invited on: (b) the accuracy of the agency’s estimate
SUPPLEMENTARY INFORMATION:
(a) Whether the collection of of the burden of the collection of
Title: Diversification Requirements for
information is necessary for the proper information; (c) ways to enhance the
Qualified Defined Contribution Plans
performance of the functions of the Holding Publicly Traded Employer quality, utility, and clarity of the
agency, including whether the Securities. information to be collected; (d) ways to
information shall have practical utility; OMB Number: 1545–2049. minimize the burden of the collection of
(b) the accuracy of the agency’s estimate Revenue Procedure Number: Notice information on respondents, including
of the burden of the collection of 2006–107. through the use of automated collection
information; (c) ways to enhance the Abstract: This notice provides techniques or other forms of information
quality, utility, and clarity of the transitional guidance on § 401(a)(35) of technology; and (e) estimates of capital
information to be collected; (d) ways to the Internal Revenue Code, added by or start-up costs and costs of operation,
minimize the burden of the collection of section 901 of the Pension Protection maintenance, and purchase of services
mstockstill on DSK3G9T082PROD with NOTICES
information on respondents, including Act of 2006, Public Law 109–280, 120 to provide information.
through the use of automated collection Stat. 780 (PPA ’06), which provides Approved: September 18, 2016.
techniques or other forms of information diversification rights with respect to
Allan Hopkins,
technology; and (e) estimates of capital publicly traded employer securities held
or start-up costs and costs of operation, by a defined contribution plan. This Tax Analyst.
maintenance, and purchase of services notice also states that Treasury and the [FR Doc. 2016–23126 Filed 9–23–16; 8:45 am]
to provide information. Service expect to issue regulations BILLING CODE 4830–01–P
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Document Created: 2018-02-09 13:23:02
Document Modified: 2018-02-09 13:23:02
| 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 25, 2016 to be assured of consideration. | |
| Contact | Requests for additional information or copies of the revenue procedure should be directed to Allan Hopkins at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected] | |
| FR Citation | 81 FR 66122 |
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