[Federal Register Volume 63, Number 8 (Tuesday, January 13, 1998)]
[Notices]
[Pages 1991-1992]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-719]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

December 31, 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: 1545-0732.
    Regulation Project Number: LR-236-81 Final (TD 8251).
    Type of Review: Extension.
    Title: Credit for Increasing Research Activity.
    Description: This information is necessary to comply with 
requirements of Code section 41 (section 44F before change by Tax 
Reform Act 1984 and section 30 before change by Tax Reform Act of 1986) 
which describes the situations in which a taxpayer is entitled to an 
income tax credit for increases in research activity.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 250.
    Estimated Burden Hours Per Respondent: 15 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 63 hours.
    OMB Number: 1545-1418.
    Regulation Project Number: PS-52-93 Final.
    Type of Review: Extension.
    Title: Gasoline and Diesel Fuel Excise Tax; Registration 
Requirements.
    Description: Diesel fuel traders must notify their terminal 
operators of their registration status. Diesel fuel retailers must 
notify their customers who buy dyed diesel fuel.
    Respondents: Business or other for-profit, Individuals or 
households, Farms, State, Local or Tribal Government.
    Estimated Number of Respondents/Recordkeepers: 322,550.
    Estimated Burden Hours Per Respondent/Recordkeeper: Varies.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 36,885 hours.
    OMB Number: 1545-1450.
    Regulation Project Number: FI-59-91 Final.
    Type of Review: Extension.
    Title: Debt Instruments With Original Issue Discount; Contingent 
Payments, Anti-Abuse Rule.
    Description: The regulations provide definitions, general rules, 
and reporting requirements for debt instruments that provide for 
contingent payments. The regulations also provide definitions, general 
rules, and recordkeeping requirements for integrated debt instruments.
    Respondents: Business or other for-profit, Individuals or 
households, State, Local or Tribal Government.
    Estimated Number of Respondents/Recordkeepers: 180,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 30 minutes.
    Frequency of Response: On occasion, Annually.
    Estimated Total Reporting/Recordkeeping Burden: 89,000 hours.

    OMB Number: 1545-1451.
    Regulation Project Number: REG-248900-96 Final (Formerly FI-72-88).
    Type of Review: Extension.
    Title: Definition of Private Activity Bonds.
    Description: Section 103 provides generally that interest on 
certain State or local bonds is excluded from gross income. However, 
under sections 103(b)(1) and 141, interest on private activity bonds 
(other than qualified bonds) is not excluded. The regulations provided 
rules, for purposes of section 141, necessary to determine how bond 
proceeds are measured and used and how debt service for those bonds is 
paid or secured.
    Respondents: State, Local or Tribal Government.
    Estimated Number of Respondents/Recordkeepers: 10,100.

[[Page 1992]]

    Estimated Burden Hours Per Respondent/Recordkeeper: 2 hours, 59 
minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 30,100 hours.

    OMB Number: 1545-1557.
    Revenue Procedure Number: Revenue Procedure 97-47.
    Type of Review: Extension.
    Title: Form 941 ELF Program.
    Description: Procedure 97-47 provides guidance and the requirements 
for participating in the Electronic Filing Program for Form 941.
    Respondents: Business or other for-profit, Not-for-profit 
institutions, Federal Government, State, Local or Tribal Government.
    Estimated Number of Respondents/Recordkeepers: 200.
    Estimated Burden Hours Per Respondent/Recordkeeper: 46 hours, 32 
minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 9,305 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. 98-719 Filed 1-12-98; 8:45 am]
BILLING CODE 4830-01-P