82 FR 46349 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 191 (October 4, 2017)

The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Low-income Housing Credit for Federally-assisted Buildings.

[Federal Register Volume 82, Number 191 (Wednesday, October 4, 2017)]
[Notices]
[Pages 46349-46350]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-21262]


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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 Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning Low-income Housing 
Credit for Federally-assisted Buildings.

DATES: Written comments should be received on or before December 4, 
2017 to be assured of consideration.

ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224. 
Requests for additional information or copies of the regulations should 
be directed to Martha R. Brinson, Internal Revenue Service, Room 6526, 
1111 Constitution Avenue NW., Washington, DC 20224, or through the 
Internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Low-income Housing Credit for Federally-assisted Buildings.
    OMB Number: 1545-1005.
    Regulation Project Number: T.D. 8302.
    Abstract: The regulation provides state and local housing credit 
agencies and owners of qualified low-income buildings with guidance 
regarding compliance with the waiver requirement of section 42(d)(6) of 
the Internal Revenue Code. The regulation requires documentary evidence 
of financial distress leading to a potential claim against a Federal 
mortgage insurance fund in order to get a written waiver from the IRS 
for the acquirer of the qualified low-income building to properly claim 
the low-income housing credit.
    Current Actions: There is no change to this existing regulation.

[[Page 46350]]

    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, 
individuals or households, not-for-profit institutions, and Federal, 
state, local or tribal governments.
    Estimated Number of Respondents: 1,000.
    Estimated Time per Respondent: 3 hrs.
    Estimated Total Annual Burden Hours: 3,000.
    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 28, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-21262 Filed 10-3-17; 8:45 am]
 BILLING CODE 4830-01-P