[Federal Register Volume 65, Number 136 (Friday, July 14, 2000)]
[Notices]
[Page 43832]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-17798]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 6478

AGENCY: Internal Revenue Service (IRS), Treasury

ACTION: Notice and request for comments

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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 6478, Credit for Alcohol Used as Fuel.

DATES: Written comments should be received on or before September 12, 
2000 to be assured of consideration.

ADDRESSES: Direct all written comments to Garrick R. Shear, Internal 
Revenue Service, room 5244, 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 Carol Savage, 
(202) 622-3945, Internal Revenue Service, room 5242, 1111 Constitution 
Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:
    Title: Credit for Alcohol Used as Fuel.
    OMB Number: 1545-0231.
    Form Number: 6478.
    Abstract: IRC section 38(b)(3) allows a nonrefundable income tax 
credit for businesses that sell or use alcohol mixed with other fuels 
or sold as straight alcohol. Small ethanol producers are also allowed a 
nonrefundable credit for production of qualified ethanol. Form 6478 is 
used to compute the credits.
    Current Actions: The order for figuring the tax liability 
limitation (lines 12 through 22) was revised for this form. Section 501 
of Public Law 106-170 extended the provision that allows individuals to 
offset the regular tax liability in full for personal credits. 
Previously filers were allowed to claim credits to the extent that the 
regular tax liability exceeded the tentative minimum tax. For tax years 
beginning in 2000 and 2001, personal nonrefundable credits may offset 
both the regular tax and the minimum tax. Also, the computation was 
changed to reflect and to conform to changes that were made to the tax 
computation on Form 1040. A new line 14 was added to show the sum of 
the regular tax before credits and the alternative minimum tax.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 1,594.
    Estimated Time Per Respondent: 12 hrs., 46 min.
    Estimated Total Annual Burden Hours: 20,339.
    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 6, 2000.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 00-17798 Filed 7-13-00; 8:45 am]
BILLING CODE 4830-01-P