[Federal Register Volume 68, Number 86 (Monday, May 5, 2003)]
[Notices]
[Page 23800]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-11042]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 29, 2003.
    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 
11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before June 4, 2003 to 
be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0166.
    Form Number: IRS Forms 4255.
    Type of Review: Extension.
    Title: Recapture of Investment Credit.
    Description: Internal Revenue Code (IRC) section 1.47 requires that 
taxpayers attach a statement to their return showing the computation of 
the recapture tax when investment credit property is disposed of before 
the end of the recapture period used in the original computation of the 
investment credit.
    Respondents: Business or other for-profit, Individuals or 
households, Farms.
    Estimated Number of Respondents/Recordkeepers: 20,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--6 hr., 27 min.
Learning about the law or the form--1 hr., 35 min.
Preparing, copying, assembling and sending the form to the IRS--1 hr., 
46 min.

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 196,200 hours.
    Clearance Officer: Glenn Kirkland, Internal Revenue Service, Room 
6411-03, 1111 Constitution Avenue, NW., Washington, DC 20224, (202) 
622-3428.
    OMB Reviewer: Joseph F. Lackey, Jr., Office of Management and 
Budget, Room 10235, New Executive Office Building, Washington, DC 
20503, (202) 395-7316.

Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 03-11042 Filed 5-2-03; 8:45 am]
BILLING CODE 4830-01-P