[Federal Register Volume 64, Number 135 (Thursday, July 15, 1999)]
[Notices]
[Page 38234]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-18107]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 8, 1999.
    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.

DATES: Written comments should be received on or before August 16, 1999 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0058.
    Form Number: IRS Form 1028.
    Type of Review: Extension.
    Title: Application for Recognition of Exemption Under Section 521 
of the Internal Revenue Service.
    Description: Farmer's cooperatives must file Form 1028 to apply for 
exemption from Federal income tax as being organizations described in 
Internal Revenue Code (IRC) section 521. The information on Form 1028 
provides the basis for determining whether the applicants are exempt.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 50.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--44 hr., 14 min.
Learning about the law or the form--1 hr., 44 min.
Preparing the form--4 hr., 23 min.
Copying, assembling, and sending the form to the IRS--32 min.

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 2,545 hours.

    OMB Number: 1545-0284.
    Form Number: IRS Form 5309.
    Type of Review: Extension.
    Title: Application for Determination of Employee Stock Ownership 
Plan.
    Description: Form 5309 is used in conjunction with Form 5300 or 
Form 5303 when applying for a determination letter as to a deferred 
compensation plan's qualification status under section 409 or 
4975(e)(7) of the Internal Revenue Code. The information is used to 
determine whether the plan qualifies.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 462.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--5 hr., 44 min.
Learning about the law or the form--2 hr., 5 min.
Preparing and sending the form to the IRS--2 hr., 16 min.

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 4,666 hours.
    Clearance Officer: Garrick Shear, 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 10202, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 99-18107 Filed 7-14-99; 8:45 am]
BILLING CODE 4830-01-P