[Federal Register Volume 66, Number 53 (Monday, March 19, 2001)]
[Notices]
[Page 15532]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-6653]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

March 7, 2001.
    The Department of the 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 April 18, 2001 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1625.
    Regulation Project Number: REG-105170-97 Final.
    Type of Review: Extension.
    Title: Credit for Increasing Research Activities.
    Description: These final regulations related to the computation of 
the credit under section 41(c) and the definition of qualified research 
under section 41(d). These regulations are intended to provide (1) 
guidance concerning the requirements necessary to qualify for the 
credit for increasing research activities, (2) guidance in computing 
the credit for increasing research activities, and (3) rules for 
electing and revoking the election of the alternative incremental 
credit.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 12,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 1 hour, 30 
minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 18,250 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. 01-6653 Filed 3-16-01; 8:45 am]
BILLING CODE 4830-01-U