[Federal Register Volume 64, Number 176 (Monday, September 13, 1999)]
[Notices]
[Pages 49537-49538]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-23781]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

September 2, 1999.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to

[[Page 49538]]

OMB for review and clearance under the Paperwork Reduction Act of 1995, 
Pub. L. 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 October 13, 
1999 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1218.
    Regulation Project Number: CO-25-96 Final.
    Type of Review: Extension.
    Title: Regulations Under Section 1502 of the Internal Revenue Code 
of 1986; Limitations on Net Operating Loss Carryforwards and Certain 
Built-in Losses and Credits Following an Ownership Change of a 
Consolidated Group
    Description: Section 1502 provides for the promulgation of 
regulations with respect to corporations that file consolidated income 
tax returns. Section 382 limits the amount of income that can be offset 
by loss carryovers and credits after an ownership change. These final 
regulations provide rules for applying section 382 to groups of 
corporations that file a consolidated return.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 12,054.
    Estimated Burden Hours Per Respondent: 20 minutes.
    Frequency of Response: On occasion, Other (changes in group 
membership).
    Estimated Total Reporting Burden: 662 hours.
    OMB Number: 1545-1237.
    Regulation Project Number: REG-209831-96 Final (formerly CO-24-96 
Final).
    Type of Review: Extension.
    Title: Consolidated Returns--Limitations on the Use of Certain 
Losses and Deductions.
    Description: Section 1502 provides for promulgation of regulations 
with respect to corporations that file consolidated income tax returns. 
These regulations amend the current regulations regarding the use of 
certain losses and deductions by such corporations.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 8,000.
    Estimated Burden Hours Per Respondent: 15 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 2,000 hours.
    Clearance Officer: Garrick Shear, Internal Revenue Service, Room 
5244, 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. 99-23781 Filed 9-10-99; 8:45 am]
BILLING CODE 4830-01-P