[Federal Register Volume 67, Number 222 (Monday, November 18, 2002)]
[Notices]
[Pages 69594-69595]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-29205]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-105606-99]


Proposed Collection; Comment Request for Regulation Project

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, Pub. L. 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an 
existing notice of proposed rulemaking, Credit for Increasing Research 
Activities (Sec.  41(f)).

DATES: Written comments should be received on or before January 17, 
2003 to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal 
Revenue Service, room 6411, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of regulations should be directed to Carol Savage, (202) 622-
3945, or through the Internet ([email protected].), Internal 
Revenue Service, room 6407, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

SUPPLEMENTARY INFORMATION: Title: Credit for Increasing Research 
Activities.
    OMB Number: 1545-1670.
    Regulation Project Numbers: REG-105606-99.
    Abstract: The regulation addresses the computation of the credit 
for increasing research activities for members of a controlled group 
and the allocation of the credit under section 41(f) of the Internal 
Revenue Code.
    Current Actions: There is no change to this existing regulation.
    Type of review: Extension of OMB approval.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 10.
    Estimated Time Per Respondent: 20 hours.
    Estimated Total Annual Burden Hours: 200.
    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

[[Page 69595]]

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 12, 2002.
Carol Savage,
Program Analyst.
[FR Doc. 02-29205 Filed 11-15-02; 8:45 am]
BILLING CODE 4830-01-P