[Federal Register Volume 60, Number 108 (Tuesday, June 6, 1995)]
[Notices]
[Page 29908]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-13799]



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DEPARTMENT OF THE TREASURY

Public Information Collection Requirements Submitted to OMB for 
Review

May 26, 1995.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1980, Public Law 96-511. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
2110, 1425 New York Avenue, NW., Washington, DC 20220.

Internal Revenue Service (IRS)

OMB Number: 1545-0782
Regulation ID Number: LR-7 Final (T.D. 6629)
Type of Review: Extension
Title: Limitation on Reduction in Income Tax Liability Incurred to the 
Virgin Islands
Description: The Tax Reform Act of 1986 repealed the mandatory 
reporting and recordkeeping requirements of section 934(d) (1954 Code). 
The prior exception to the general rule of section 934 (1954 Code) to 
prevent the Government of the Virgin Islands from granting tax rebates 
with regard to taxes attributable to income derived from sources within 
the U.S. was contingent upon the taxpayers' compliance with the 
reporting requirement of section 934(d). The changes imposed by the Tax 
Reform Act of 1986 should reduce the number of responses to 
approximately 500.
Respondents: Individuals or households, Business or other for-profit
Estimated Number of Respondents/Recordkeepers: 500
Estimated Burden Hours Per Respondent/Recordkeepers: 12 minutes
Frequency of Response: On occasion
Estimated Total Reporting/Recordkeeping Burden: 184 hours
Clearance Officer: Garrick Shear, (202) 622-3869, Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue NW., Washington, DC 20224
OMB Reviewer: Milo Sunderhauf, (202) 395-7340, Office of Management and 
Budget, Room 10226, New Executive Office Building, Washington, DC 
20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 95-13799 Filed 6-5-95; 8:45 am]
BILLING CODE 4830-01-P