[Federal Register Volume 62, Number 45 (Friday, March 7, 1997)]
[Notices]
[Page 10623]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-5608]


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DEPARTMENT OF THE TREASURY

Submission to OMB for Review; Comment Request

February 28, 1997.
    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 1995, Public Law 104-13. 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: 1545-1505.
    Form Number: IRS Form 8820.
    Type of Review: Extension.
    Title: Orphan Drug Credit.
    Description: Filers use this form to elect to claim the orphan drug 
credit, which is 50% of the qualified clinical testing expenses paid or 
incurred with respect to low or unprofitable drugs for rare diseases 
and conditions, as designated under section 526 of the Federal Food, 
Drug, and Cosmetic Act.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 20.
    Estimated Burden Hours Per Respondent/Recordkeeper:
      Recordkeeping--5 hours, 44 minutes.
      Learning about the law or the form--1 hour, 17 minutes.
      Preparing and sending the form to the IRS--1 hour, 26 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 169 hours.

    OMB Number: 1545-1508.
    Form Number: IRS Form 8851.
    Type of Review: Extension.
    Title: Summary of Medical Savings Accounts.
    Description: This form will be used by the IRS to determine whether 
numerical limits set forth in section 220(j)(1) have been exceeded.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 200,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
      Recordkeeping--3 hours, 51 minutes.
      Learning about the law or the form--6 minutes.
      Preparing, copying, and sending the form to the IRS--10 minutes.
    Frequency of Response: Annually, Other (additional report for 
1997).
    Estimated Total Reporting/Recordkeeping Burden: 1,540,000 hours.
    Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.
    OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 97-5608 Filed 3-6-97; 8:45 am]
BILLING CODE 4830-01-P