[Federal Register Volume 65, Number 145 (Thursday, July 27, 2000)]
[Notices]
[Pages 46196-46197]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-18959]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 20, 2000.
    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 28, 
2000, to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0144.
    Form Number: IRS Form 2438.
    Type of Review: Extension.
    Title: Undistributed Capital Gains Tax Return.
    Description: Form 2438 is used by regulated investment companies to 
figure capital gains tax on undistributed capital gains designated 
under Internal Revenue Code (IRC) section 852(b)3(D). IRS uses this 
information to determine the correct tax.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 100.
    Estimated Burden Hours Per Respondent/Recordkeeper: 

Recordkeeping--7 hr., 39 min.
Learning about the law or the form--24 min.
Preparing and sending the form to the IRS--32 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 859 hours.

    OMB Number: 1545-0228.
    Form Number: IRS Form 6252.
    Type of Review: Extension.
    Title: Installment Sale Income.
    Description: Information is needed to figure and report an 
installment sale for a casual or incidental sale of personal property, 
and a sale of real property by someone not in the business of selling 
real estate. Data is used to determine whether the installment sale has 
been properly reported and the correct amount of profit is included in 
income on the taxpayer's return.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, Farms.
    Estimated Number of Respondents/Recordkeepers: 782,848.
    Estimated Burden Hours Per Respondent/Recordkeeper: 

Recordkeeping--1 hr., 18 min.
Learning about the law or the form--24 min.
Preparing the form--1 hr., 0 min.
Copying, assembling, and sending the form to the IRS--20 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 2,395,515 hours.
    OMB Number: 1545-0940.
    Regulation Project Number: LR-185-84 Final.
    Type of Review: Extension.
    Title: Election of $10 Million Limitation on Exempt Small Issues of 
Industrial Development Bonds; Supplemental Capital Expenditure 
Statements.
    Description: The regulation liberalizes the procedure by which the 
state or local government issuer of an exempt small issue of tax-exempt 
bonds elects the $10 million limitation upon the size of such issue and 
deletes the requirement to file certain supplemental capital 
expenditure statements.

[[Page 46197]]

    Respondents: State, Local or Tribal Government.
    Estimated Number of Recordkeepers: 10,000.
    Estimated Burden Hours Per Recordkeeper: 6 minutes.
    Estimated Total Recordkeeping Burden: 1,000 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. 00-18959 Filed 7-26-00; 8:45 am]
BILLING CODE 4830-01-U