[Federal Register Volume 62, Number 136 (Wednesday, July 16, 1997)]
[Pages 38193-38194]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-18756]



Internal Revenue Service

Proposed Collection; Comment Request for Form 8844

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.


SUMMARY: The Department of the Treasury, 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 proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form 8844, Empowerment Zone Employment Credit.

DATES: Written comments should be received on or before September 15, 
1997 to be assured of consideration.

ADDRESSES: Direct all written comments to Garrick R. Shear, Internal 
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Martha R. 
Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111 
Constitution Avenue NW., Washington, DC 20224.

[[Page 38194]]


    Title: Empowerment Zone Employment Credit.
    OMB Number: 1545-1444.
    Form Number: 8844.
    Abstract: Employers who hire employees who live and work in one of 
the 9 designated empowerment zones can receive a tax credit for the 
first $15,000 of wages paid to each employee. The credit is applicable 
from the date of designation through the year 2004.
    Current Actions: Line 12c (Adoption Credit) was added to the form 
effective for tax years beginning after December 31, 1996. The adoption 
credit will become part of the computation of the tax liability 
limitation on the empowerment zone employment credit.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations, 
individuals or households, farms, and non-profit institutions.
    Estimated Number of Respondents: 30,000.
    Estimated Time Per Respondent: 11 hr., 46 min.
    Estimated Total Annual Burden Hours: 352,800.
    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: July 8, 1997.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 97-18756 Filed 7-15-97; 8:45 am]