81 FR 67433 - Proposed Collection; Comment Request for Form 8703

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 190 (September 30, 2016)

Page Range		67433-67433
FR Document		2016-23590

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 8703, Annual Certification of a Residential Rental Project.

Federal Register, Volume 81 Issue 190 (Friday, September 30, 2016)

[Federal Register Volume 81, Number 190 (Friday, September 30, 2016)]
[Notices]
[Page 67433]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-23590]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8703

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 8703, Annual Certification of a Residential Rental Project.

DATES: Written comments should be received on or before November 29, 
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 form and instructions should be directed to Kerry Dennis, 
at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Annual Certification of a Residential Rental Project.
    OMB Number: 1545-1038.
    Form Number: 8703.
    Abstract: Form 8703 is used by the operator of a residential rental 
project to provide annual information that the IRS will use to 
determine whether a project continues to be a qualified residential 
rental project under Internal Revenue Code section 142(d). If so, and 
certain other requirements are met, bonds issued in connection with the 
project are considered ``exempt facility bonds'' and the interest paid 
on them is not taxable to the recipient.
    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: Business or other for-profit organizations.
    Estimated Number of Respondents: 6,000.
    Estimated Time per Respondent: 12 hours, 47 minutes.
    Estimated Total Annual Burden Hours: 76,620.
    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 16, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-23590 Filed 9-29-16; 8:45 am]
BILLING CODE 4830-01-P

Federal Register / Vol. 81, No. 190 / Friday, September 30, 2016 / Notices 67433

OMB Number: 1545–0685. Approved: September 19, 2016. Type of Review: Extension of a
Form Number: Form 1363. Tuawana Pinkston, currently approved collection.
IRS Reports Clearance Officer. Affected Public: Business or other for-
Abstract: Internal Revenue Code
[FR Doc. 2016–23592 Filed 9–29–16; 8:45 am] profit organizations.
section 427(b)(2) exempts exported
property from the excise tax on BILLING CODE 4830–01–P Estimated Number of Respondents:
transportation of property. Regulation 6,000.
§ 49.4271–1(d)(2) authorizes the filing of Estimated Time per Respondent: 12
DEPARTMENT OF THE TREASURY hours, 47 minutes.
Form 1363 by the shipper to request tax
exemption for a shipment or a series of Estimated Total Annual Burden
Internal Revenue Service Hours: 76,620.
shipments. The information on the form
is used by the IRS to verify shipments Proposed Collection; Comment The following paragraph applies to all
of property made tax-free. Request for Form 8703 of the collections of information covered
by this notice:
Current Actions: There are no changes AGENCY: Internal Revenue Service (IRS),
being made to this form at this time. An agency may not conduct or
Treasury. sponsor, and a person is not required to
Type of Review: Extension of a ACTION: Notice and request for respond to, a collection of information
Revision of a currently approved comments. unless the collection of information
collection. displays a valid OMB control number.
Affected Public: Business or other for- SUMMARY: The Department of the
Books or records relating to a collection
profit organizations and individuals or Treasury, as part of its continuing effort
of information must be retained as long
households. to reduce paperwork and respondent
as their contents may become material
burden, invites the general public and
Estimated Number of Respondents: in the administration of any internal
other Federal agencies to take this
100,000. revenue law. Generally, tax returns and
opportunity to comment on proposed
tax return information are confidential,
Estimated Time per Respondent: 4 and/or continuing information
as required by 26 U.S.C. 6103.
hours, 15 minutes. collections, as required by the
Request for Comments: Comments
Estimated Total Annual Burden Paperwork Reduction Act of 1995,
submitted in response to this notice will
Hours: 425,000. Public Law 104–13 (44 U.S.C.
be summarized and/or included in the
3506(c)(2)(A)). Currently, the IRS is
The following paragraph applies to all request for OMB approval. All
soliciting comments concerning Form
of the collections of information covered comments will become a matter of
8703, Annual Certification of a
by this notice: public record. Comments are invited on:
Residential Rental Project.
An agency may not conduct or (a) Whether the collection of
DATES: Written comments should be
sponsor, and a person is not required to information is necessary for the proper
received on or before November 29, performance of the functions of the
respond to, a collection of information 2016 to be assured of consideration.
unless the collection of information agency, including whether the
ADDRESSES: Direct all written comments information shall have practical utility;
displays a valid OMB control number. to Tuawana Pinkston, Internal Revenue
Books or records relating to a collection (b) the accuracy of the agency’s estimate
Service, Room 6526, 1111 Constitution of the burden of the collection of
of information must be retained as long Avenue NW., Washington, DC 20224.
as their contents may become material information; (c) ways to enhance the
FOR FURTHER INFORMATION CONTACT: quality, utility, and clarity of the
in the administration of any internal
Requests for additional information or information to be collected; (d) ways to
revenue law. Generally, tax returns and
copies of the form and instructions minimize the burden of the collection of
tax return information are confidential,
should be directed to Kerry Dennis, at information on respondents, including
as required by 26 U.S.C. 6103.
Internal Revenue Service, Room 6526, through the use of automated collection
Request for Comments: Comments 1111 Constitution Avenue NW., techniques or other forms of information
submitted in response to this notice will Washington, DC 20224, or through the technology; and (e) estimates of capital
be summarized and/or included in the internet at Kerry.Dennis@irs.gov. or start-up costs and costs of operation,
request for OMB approval. All SUPPLEMENTARY INFORMATION: maintenance, and purchase of services
comments will become a matter of Title: Annual Certification of a to provide information.
public record. Comments are invited on: Residential Rental Project.
(a) Whether the collection of Approved: September 16, 2016.
OMB Number: 1545–1038.
information is necessary for the proper Form Number: 8703. Tuawana Pinkston,
performance of the functions of the Abstract: Form 8703 is used by the IRS Reports Clearance Officer.
agency, including whether the operator of a residential rental project to [FR Doc. 2016–23590 Filed 9–29–16; 8:45 am]
information shall have practical utility; provide annual information that the IRS BILLING CODE 4830–01–P
(b) the accuracy of the agency’s estimate will use to determine whether a project
of the burden of the collection of continues to be a qualified residential
information; (c) ways to enhance the rental project under Internal Revenue DEPARTMENT OF THE TREASURY
quality, utility, and clarity of the Code section 142(d). If so, and certain
information to be collected; (d) ways to other requirements are met, bonds Internal Revenue Service
minimize the burden of the collection of issued in connection with the project
mstockstill on DSK3G9T082PROD with NOTICES

Proposed Collection: Comment
information on respondents, including are considered ‘‘exempt facility bonds’’ Request for Regulation Project
through the use of automated collection and the interest paid on them is not
techniques or other forms of information taxable to the recipient. AGENCY: Internal Revenue Service (IRS),
technology; and (e) estimates of capital Current Actions: There is no change Treasury.
or start-up costs and costs of operation, in the paperwork burden previously
ACTION: Notice and request for
maintenance, and purchase of services approved by OMB. This form is being
comments.
to provide information. submitted for renewal purposes only.

VerDate Sep<11>2014 20:49 Sep 29, 2016 Jkt 238001 PO 00000 Frm 00145 Fmt 4703 Sfmt 4703 E:\FR\FM\30SEN1.SGM 30SEN1

Document Created: 2018-02-09 13:33:59
Document Modified: 2018-02-09 13:33:59

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 29, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the form and instructions should be directed to Kerry Dennis, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		81 FR 67433

81 FR 67433 - Proposed Collection; Comment Request for Form 8703

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 190 (September 30, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service