[Federal Register Volume 65, Number 229 (Tuesday, November 28, 2000)]
[Notices]
[Page 70877]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-30230]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 97-64

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 Notice 97-64, 
Temporary Regulations To Be Issued Under Section 1(h) of the Internal 
Revenue Code (Applying Section 1(h) to Capital Gain Dividends of RICs 
and REITs).

DATES: Written comments should be received on or before January 29, 
2001 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 notice should be directed to Carol Savage, (202) 622-
3945, Internal Revenue Service, room 5242, 1111 Constitution Avenue 
NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:
    Title: Temporary Regulations To Be Issued Under Section 1(h) of the 
Internal Revenue Code (Applying Section 1(h) to Capital Gain Dividends 
of RICs and REITs).
    OMB Number: 1545-1565.
    Notice Number: Notice 97-64.
    Abstract: Notice 97-64 describes temporary regulations that will 
permit Regulated Investment Companies (RICs) and Real Estate Investment 
Trusts (REITs) to distribute multiple classes of capital gain 
dividends.
    Current Actions: There are no changes being made to the notice at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
individuals.
    The burden for the collection of information in sections 9 and 10 
of Notice 97-64 is reflected in the burden for Form 1099-DIV and Form 
2439.
    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: November 16, 2000.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 00-30230 Filed 11-27-00; 8:45 am]
BILLING CODE 4830-01-U