[Federal Register Volume 66, Number 151 (Monday, August 6, 2001)]
[Notices]
[Pages 41084-41085]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-19520]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 30, 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 September 5, 
2001 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0923.
    Regulation Project Number: REG-209274-85 NPRM and Temporary.
    Type of Review: Extension.
    Title: Tax Exempt Entity Leasing.
    Description: These regulations provide guidance to persons 
executing lease agreements involving tax-exempt entities under section 
168(h) of the Internal Revenue Code. The regulations are necessary to 
implement congressionally enacted legislation and elections for certain 
previously tax-exempt organizations and certain tax-exempt controlled 
entities.
    Respondents: Not-for-profit institutions, State, Local or Tribal 
Government.
    Estimated Number of Respondents: 4,000.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 2,000 hours.
    OMB Number: 1545-1614.
    Regulation Project Number: REG-106177-97 NPRM.
    Type of Review: Extension.
    Title: Qualified State Tuition Programs.
    Description: Respondents are states that establish and maintain 
qualified state tuition programs. Respondents include distributees who 
receive benefits under the program are qualified and that distributions 
are used for qualified educational expenses.
    Respondents: Individuals or households, State, Local or Tribal 
Government.
    Estimated Number of Respondents/Recordkeepers: 20,051.

[[Page 41085]]

    Estimated Burden Hours Per Respondent/Recordkeeper: 35 hours, 10 
minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 705,000 hours.
    OMB Number: 1545-1731.
    Revenue Procedure Number: Revenue Procedure 2001-37.
    Type of Review: Extension.
    Title: Extraterritorial Income Exclusion Elections.
    Description: This revenue procedure provides guidance for 
implementing the elections (and revocation of such elections) 
established under the ``Foreign Sales Corporation (FSC) Repeal and 
Extraterritorial Income Exclusion Act of 2000.''
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 56.
    Estimated Burden Hours Per Respondent: 20 minutes.
    Frequency of Response: Annually, Other (once).
    Estimated Total Reporting Burden: 19 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. 01-19520 Filed 8-3-01; 8:45 am]
BILLING CODE 4830-01-P