83_FR_6762 83 FR 6731 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Terrorism Risk Insurance Program

83 FR 6731 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Terrorism Risk Insurance Program

DEPARTMENT OF THE TREASURY

Federal Register Volume 83, Issue 31 (February 14, 2018)

Page Range6731-6732
FR Document2018-03086

The Department of the Treasury will submit the following information collection requests 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 these requests.

Federal Register, Volume 83 Issue 31 (Wednesday, February 14, 2018) 
[Federal Register Volume 83, Number 31 (Wednesday, February 14, 2018)]
[Notices]
[Pages 6731-6732]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-03086]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Terrorism Risk Insurance Program

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests 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 these requests.

DATES: Comments should be received on or before March 16, 2018 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 from Jennifer Quintana by emailing [email protected], calling 
(202) 622-0489, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Departmental Offices (DO)

    Title: Terrorism Risk Insurance Program.
    OMB Control Number: 1505-0257.
    Type of Review: Revision of a currently approved collection.
    Abstract: This information collection is made necessary by the 
provisions of the Terrorism Risk Insurance Program Reauthorization Act 
of 2015 (Public Law 114-1, 129 Stat. 3). The Act's purposes are to 
address market disruptions, ensure the continued widespread 
availability and affordability of commercial property and casualty 
insurance for terrorism risk, and to allow for a transition period for 
the private markets to stabilize and build capacity while preserving 
state insurance regulation and consumer protections.

[[Page 6732]]

    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 38,750.

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

    Dated: February 9, 2018.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2018-03086 Filed 2-13-18; 8:45 am]
 BILLING CODE 4810-25-P

Federal Register / Vol. 83, No. 31 / Wednesday, February 14, 2018 / Notices 6731 Title: National 911 Profile Database. submit. Estimating the maximum DEPARTMENT OF THE TREASURY OMB Control Number: 2127–0679. number of respondents to be 56, this Type of Request: Renewal/New of an would result in a total burden of 5,488 Agency Information Collection information collection. hours. The respondents would not incur Activities; Submission for OMB Abstract: The National 911 Profile any reporting costs from the information Review; Comment Request; Terrorism Database is funded by the National 911 Risk Insurance Program collection beyond the time it takes to Program, which is housed within the gather the information, prepare it for AGENCY: Departmental Offices, U.S. Office of Emergency Medical Services at the National Highway Traffic Safety reporting, and then populate the Web- Department of the Treasury. Administration, part of the U.S. based data collection tool. The ACTION: Notice. Department of Transportation. The respondents also would not incur any National 911 Program is proposing to recordkeeping burden or recordkeeping SUMMARY: The Department of the continue to collect and aggregate costs from the information collection. Treasury will submit the following information from State level reporting The total estimated costs to respondents information collection requests to the entities that can be used to measure the or record-keepers are based on the Office of Management and Budget progress of 911 authorities across the following: The total hour burden of the (OMB) for review and clearance in country in upgrading their existing collection of information equaling 5,488 accordance with the Paperwork operations—and migrating to—digital, hours. Respondents will be State, Reduction Act of 1995, on or after the internet-Protocol-based emergency territory, and tribal government date of publication of this notice. The communication networks. The data will management personnel. To estimate public is invited to submit comments on be maintained in a ‘‘National 911 Profile reasonable staff expenses to respond to these requests. Database.’’ this information collection, the DATES: Comments should be received on One of the objectives of the National Agencies reviewed the Bureau of Labor or before March 16, 2018 to be assured 911 Program is to develop, collect, and Statistics (BLS) Occupational Outlook of consideration. disseminate information concerning Handbook and determined that the ADDRESSES: Send comments regarding practices, procedures, and technology Administrative Services Manager the burden estimate, or any other aspect used in the implementation of 911 of the information collection, including description closely aligns with the services and to support 911 Public suggestions for reducing the burden, to positions of recipient staff responsible Safety Answering Points (PSAPs) and (1) Office of Information and Regulatory related State and local agencies for 911 for completing this request. BLS lists a median salary of $86,100 annually, Affairs, Office of Management and deployment and operations. The Budget, Attention: Desk Officer for National 911 Profile Database can be amounting to $41.40 per hour. There are no capital, start-up, or annual operation Treasury, New Executive Office used to follow the progress of 911 Building, Room 10235, Washington, DC authorities in enhancing their existing and maintenance costs involved in the 20503, or email at OIRA_Submission@ systems and implementing next- collection of information. Total cost OMB.EOP.gov and (2) Treasury PRA generation networks for more advanced based on hour’s burden equals Clearance Officer, 1750 Pennsylvania systems. The information can also be $227,203.20. Ave. NW, Suite 8142, Washington, DC used to identify ways in which the Public Comments Invited: You are 20220, or email at PRA@treasury.gov. National 911 Program can support State asked to comment on any aspects of this FOR FURTHER INFORMATION CONTACT: and local 911 authorities in the information collection, including (a) Copies of the submissions may be transition process. whether the proposed collection of obtained from Jennifer Quintana by Affected Public: Under this proposed information is necessary for the proper emailing PRA@treasury.gov, calling effort, the National 911 Program would performance of the functions of the (202) 622–0489, or viewing the entire specifically request reporting entities to Department and whether the information collection request at voluntarily collect and annually report information will have practical utility; www.reginfo.gov. the data described above utilizing a Web-based data collection tool. (b) the accuracy of the Department’s SUPPLEMENTARY INFORMATION: Reporting entities are State-level 911 estimate of the burden of the proposed information collection; (c) ways to Departmental Offices (DO) program officials, and the data reported will reflect State-level aggregated data. enhance the quality, utility, and clarity Title: Terrorism Risk Insurance Estimated Number of Respondents: of the information to be collected; and Program. The total maximum number of (d) ways to minimize the burden of the OMB Control Number: 1505–0257. respondents is identified as 56, collection of information on Type of Review: Revision of a including the 50 States and the six U.S. respondents, including the use of currently approved collection. Territories of Guam, U.S. Minor automated collection techniques or Abstract: This information collection Outlying Islands, American Samoa, other forms of information technology. is made necessary by the provisions of Mariana Islands, U.S. Virgin Islands, the Terrorism Risk Insurance Program Authority: 44 U.S.C. Section 3506(c)(2)(A). and Puerto Rico. Reauthorization Act of 2015 (Public Law Frequency: The reporting entities will Issued in Washington, DC, on February 9, 114–1, 129 Stat. 3). The Act’s purposes be requested to submit data annually 2018. are to address market disruptions, relating to their State or territory, using Jeff Michael, ensure the continued widespread the Web-based tool described above. Associate Administrator, Research and availability and affordability of daltland on DSKBBV9HB2PROD with NOTICES Estimated Total Annual Burden Program Development. commercial property and casualty Hours: NHTSA estimates that [FR Doc. 2018–03028 Filed 2–13–18; 8:45 am] insurance for terrorism risk, and to submitting responses to the questions allow for a transition period for the BILLING CODE 4910–59–P included in the proposed survey private markets to stabilize and build instrument utilizing the Web-based tool capacity while preserving state would require an average of 98 hours insurance regulation and consumer per state to collect, aggregate and protections. VerDate Sep<11>2014 22:07 Feb 13, 2018 Jkt 244001 PO 00000 Frm 00225 Fmt 4703 Sfmt 4703 E:\FR\FM\14FEN1.SGM 14FEN1

6732 Federal Register / Vol. 83, No. 31 / Wednesday, February 14, 2018 / Notices Form: None. section 6050P of the Internal Revenue Abstract: This previously approved Affected Public: Businesses or other Code. It is used to verify that debtors are regulation provides guidance as to when for-profits. correctly reporting their income. amounts deferred under or paid from a Estimated Total Annual Burden Form: 1099–C. nonqualified deferred compensation Hours: 38,750. Affected Public: Businesses or other plan are taken into account as wages for Authority: 44 U.S.C. 3501 et seq. for-profits. purposes of the employment taxes Estimated Total Annual Burden imposed by the Federal Insurance Dated: February 9, 2018. Hours: 1,438,998. Contributions Act (FICA). Section Spencer W. Clark, Title: TD 8746—Amortizable Bond 31.3121(v)(2)–1(a)(2) requires that the Treasury PRA Clearance Officer. Premium. material terms of a plan be set forth in [FR Doc. 2018–03086 Filed 2–13–18; 8:45 am] OMB Control Number: 1545–1491. writing. BILLING CODE 4810–25–P Type of Review: Revision of a Form: None. currently approved collection. Affected Public: Businesses or other Abstract: This regulation addresses for-profits. DEPARTMENT OF THE TREASURY the tax treatment of bond premium. The Estimated Total Annual Burden regulation provides that a holder may Hours: 12,500. Agency Information Collection make an election to amortize bond Title: T.D. 8861, Private Foundation Activities; Submission for OMB premium by offsetting interest income Disclosure Rules. Review; Comment Request; Multiple with bond premium, and the holder OMB Control Number: 1545–1655. IRS Information Collection Requests must attach a statement to their tax Type of Review: Extension without AGENCY: Departmental Offices, U.S. return providing certain information. change of a currently approved Department of the Treasury. The regulation also provides that a collection. taxpayer may receive automatic consent Abstract: This document contains ACTION: Notice. to change its method of accounting for final regulations that amend the SUMMARY: The Department of the premium provided the taxpayer attaches regulations relating to the public Treasury will submit the following a statement to its tax return. The disclosure requirements described in information collection requests to the information requested is necessary for section 6104(d) of the Internal Revenue Office of Management and Budget the IRS to determine whether an issuer Code. These final regulations implement (OMB) for review and clearance in or a holder has changed its method of changes made by the Tax and Trade accordance with the Paperwork accounting for premium. Relief Extension Act of 1998, which Reduction Act of 1995, on or after the Form: None. extended to private foundations the date of publication of this notice. The Affected Public: Businesses or other same rules regarding public disclosure public is invited to submit comments on for-profits. of annual information returns that apply these requests. Estimated Total Annual Burden to other tax-exempt organizations. These DATES: Comments should be received on Hours: 2,500. final regulations provide guidance for or before March 16, 2018 to be assured Title: T.D. 8802—Certain Asset private foundations required to make of consideration. Transfers to a Tax-Exempt Entity. copies of applications for recognition of OMB Control Number: 1545–1633. exemption and annual information ADDRESSES: Send comments regarding Type of Review: Extension without returns available for public inspection the burden estimate, or any other aspect change of a currently approved of the information collection, including and to comply with requests for copies collection. of those documents. suggestions for reducing the burden, to Abstract: This document contains Form: None. (1) Office of Information and Regulatory previously approved final regulations Affected Public: Not-for-profit Affairs, Office of Management and that implement provisions of the Tax institutions. Budget, Attention: Desk Officer for Reform Act of 1986 and the Technical Estimated Total Annual Burden Treasury, New Executive Office and Miscellaneous Revenue Act of 1988. Hours: 32,596. Building, Room 10235, Washington, DC The final regulations generally affect a Title: Purchase Price Allocations in 20503, or email at OIRA_Submission@ taxable corporation that transfers all or Deemed Actual Asset Acquisitions. OMB.EOP.gov and (2) Treasury PRA substantially all of its assets to a tax- OMB Control Number: 1545–1658. Clearance Officer, 1750 Pennsylvania exempt entity or converts from a taxable Type of Review: Extension without Ave. NW, Suite 8142, Washington, DC corporation to a tax-exempt entity in a change of a currently approved 20220, or email at PRA@treasury.gov. transaction other than a liquidation, and collection. FOR FURTHER INFORMATION CONTACT: generally require the taxable corporation Abstract: TD 8940 contains previously Copies of the submissions may be to recognize gain or loss as if it had sold approved final regulations relating to obtained from Jennifer Quintana by the assets transferred at fair market deemed and actual asset acquisitions emailing PRA@treasury.gov, calling value. under sections 338 and 1060. The final (202) 622–0489, or viewing the entire Form: None. regulations affect sellers and buyers of information collection request at Affected Public: Not-for-profit corporate stock that are eligible to elect www.reginfo.gov. institutions. to treat the transaction as a deemed SUPPLEMENTARY INFORMATION: Estimated Total Annual Burden asset acquisition. The final regulations Hours: 125. also affect sellers and buyers of assets Internal Revenue Service (IRS) Title: REG–209484–87 (TD 8814 final) that constitute a trade or business. daltland on DSKBBV9HB2PROD with NOTICES Title: Form 1099–C—Cancellation of Federal Insurance Contributions Act Form: None. Debt. (FICA) Taxation of Amounts Under Affected Public: Businesses or other OMB Control Number: 1545–1424. Employee Benefit Plans. for-profits. Type of Review: Revision of a OMB Control Number: 1545–1643. Estimated Total Annual Burden currently approved collection. Type of Review: Extension without Hours: 25. Abstract: Form 1099–C is used for change of a currently approved Title: AJCA Modifications to the reporting canceled debt, as required by collection. Section 6112 Regulations. VerDate Sep<11>2014 22:07 Feb 13, 2018 Jkt 244001 PO 00000 Frm 00226 Fmt 4703 Sfmt 4703 E:\FR\FM\14FEN1.SGM 14FEN1


Document Created: 2018-02-14 03:59:44
Document Modified: 2018-02-14 03:59:44
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.
DatesComments should be received on or before March 16, 2018 to be assured of consideration.
ContactCopies of the submissions may be obtained from Jennifer Quintana by emailing [email protected], calling (202) 622-0489, or viewing the entire information collection request at www.reginfo.gov.
FR Citation83 FR 6731 
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