82 FR 29628 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; New Markets Tax Credit (NMTC) Program Allocation Application

DEPARTMENT OF THE TREASURY

Federal Register Volume 82, Issue 124 (June 29, 2017)

The Department of the Treasury will submit the following information collection request(s) to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on the collection(s) listed below.

[Federal Register Volume 82, Number 124 (Thursday, June 29, 2017)]
[Notices]
[Page 29628]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-13595]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; New Markets Tax Credit (NMTC) Program 
Allocation Application

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection request(s) to the Office of Management and 
Budget (OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on the collection(s) 
listed below.

DATES: Comments should be received on or before July 31, 2017 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8142, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained by emailing [email protected], calling (202) 622-0489, or 
viewing the entire information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

The Community Development Financial Institution Fund (CDFI)

    Title: New Markets Tax Credit (NMTC) Program Allocation 
Application.
    OMB Control Number: 1530-0042.
    Type of Review: Revision of a currently approved collection.
    Abstract: The New Markets Tax Credit (NMTC) Program will provide an 
incentive to investors in the form of a tax credit, which is expected 
to stimulate investment in private capital that, and in turn, will 
facilitate economic and community development in low-income 
communities. In order to qualify for an allocation of tax credits under 
the NMTC Program an entity must be certified as a qualified community 
development entity and submit an allocation application to the CDFI 
Fund. Upon receipt of such applications, the CDFI Fund will conduct a 
competitive review process to evaluate applications for the receipt of 
NMTC allocations.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 71,997.

    Authority: 44 U.S.C. 3501 et seq.

    Dated: June 23, 2017.
Jennifer P. Leonard,
Treasury PRA Clearance Officer.
[FR Doc. 2017-13595 Filed 6-28-17; 8:45 am]
BILLING CODE 4810-35-P