[Federal Register Volume 65, Number 179 (Thursday, September 14, 2000)]
[Notices]
[Page 55677]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-23560]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

September 7, 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 October 16, 
2000, to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0155.
    Form Number: IRS Form 3468.
    Type of Review: Revision.
    Title: Investment Credit.
    Description: Taxpayers are allowed a credit against their income 
tax for certain expenses they incur for their trades or businesses. 
Form 3468 is used to compute this investment tax credit. The 
information collected is used by the IRS to verify that the credit has 
been correctly computed.
    Respondents: Business or other for-profit, individuals or 
households, not-for-profit institutions, Farms.
    Estimated Number of Respondents/Recordkeepers: 22,575.
    Estimated Burden Hours Per Respondent/Recordkeeper:

    Recordkeeping--12 hr., 55 min.
    Learning about the law or the form--3 hr., 35 min.
    Preparing and sending the form to the IRS--3 hr., 57 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 461,392 hours.
    OMB Number: 1545-1282.
    Form Number: IRS Form 8830.
    Type of Review: Revision.
    Title: Enhanced Oil Recovery Credit.
    Description: The enhanced oil recovery credit is 15% of qualified 
costs paid or incurred during the year. The purpose is to get more oil 
from the wells. The IRS uses the information on the form to ensure that 
the credit is correctly computed.
    Respondents: Business or other for-profit, individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 3,623.
    Estimated Burden Hours Per Respondent/Recordkeeper:

    Recordkeeping--6 hr., 42 min.
    Learning about the law or the form--1 hr., 5 min.
    Preparing and sending the form to the IRS--1 hr., 15 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 32,752 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. 00-23560 Filed 9-13-00; 8:45 am]
BILLING CODE 4830-01-U