[Federal Register Volume 69, Number 84 (Friday, April 30, 2004)]
[Notices]
[Pages 23853-23854]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-9816]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 22, 2004.
    The Department of 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 1, 2004, 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0232.
    Form Number: IRS Form 6497.
    Type of Review: Extension.
    Title: Information Return of Nontaxable Energy Grants or Subsidized 
Energy Financing.
    Description: Form 6497 is used by any governmental agency or its 
agents that make nontaxable grants or subsidized financing for energy 
conservation or production programs. We use the information from the 
form to ensure that recipients have not claimed tax credits or other 
benefits with respect to the grant or subsidized financing (no ``double 
dipping'').
    Respondents: Business or other for-profit, Federal Government, 
State, local or tribal government.
    Estimated Number of Respondents/Recordkeepers: 250.
    Estimated Burden Hours Respondent/Recordkeeper:
     Recordkeeping--2 hr., 52 min.
     Learning about the law or the form--24 min.
     Preparing, copying, and sending the form to the IRS--27 min.
    Frequency of response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 933 hours.

    OMB Number: 1545-0242.
    Form Number: IRS Form 6197.
    Type of Review: Extension.
    Title: Gas Guzzler Tax.
    Description: Form 6197 is used to compute the gas guzzler tax on 
automobiles whose fuel economy does not meet certain standards for fuel 
economy. The tax is reported quarterly on Form 720. Form 6197 is filed 
each quarter with Form 720 for manufacturers. Individuals can make a 
one-time filing if they import a gas guzzler auto for personal use. The 
IRS uses the information to verify computation of the tax and 
compliance with the law.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 605.
    Estimated Burden Hours Respondent/Recordkeeper:
     Recordkeeping--4 hr., 18 min.
     Learning about the law or the form--12 min.
     Preparing and sending the form to the IRS--16 min.
    Frequency of response: Quarterly, Annually.
    Estimated Total Reporting/Recordkeeping Burden: 2,892 hours.

    OMB Number: 1545-0763.
    Regulation Project Number: LR-200-76 Final.
    Type of Review: Extension.
    Title: Qualified Conservation Contributions.
    Description: The information is necessary to comply with various 
substantive requirements of section 170(h), which describes situations 
in which a taxpayer is entitled to an income tax deduction for a 
charitable contribution for conversation purposes of a partial interest 
in real property.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, Farms, Federal Government, 
State, local or tribal government.
    Estimated Number of Recordkeepers: 1,000.
    Estimated Burden Hours Recordkeeper: 1 hour, 15 minutes.
    Estimated Total Reporting/Recordkeeping Burden: 1,250 hours.

    OMB Number: 1545-1117.
    Notice Number: Notice 89-61.
    Type of Review: Extension.
    Title: Imported Substances; Rules for Filing a Petition.
    Description: The notice sets forth procedures to be followed in 
petitioning the Secretary to modify the list of taxable substances in 
section 4672(a)(3).
    Respondents: Business or other for-profit .
    Estimated Number of Respondents: 100.
    Estimated Burden Hours Respondent: 1 hour.
    Estimated Total Reporting Burden: 100 hours.

    OMB Number: 1545-1574.
    Form Number: IRS Form 1098-T.
    Type of Review: Extension.
    Title: Tuition Payments Statement.
    Description: Section 6050S of the Internal Revenue Code require 
eligible education institutions to report certain information regarding 
tuition payments to the IRS and to students. Form 1098-T has been 
developed to meet this requirement.
    Respondents: Business or other for-profit, Not-for-profit 
institutions.
    Estimated Number of Respondents/Recordkeepers: 7,000.
    Estimated Burden Hours Respondent/Recordkeeper: 13 minutes.
    Frequency of response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 4,848,090 hours.

    OMB Number: 1545-1578.
    Regulation Project Number: REG-106542-98 Final.
    Type of Review: Extension.
    Title: Election to Treat Trust as Part of an Estate.
    Description: REG-106542-98 and Revenue Procedure 98-13 relate to an 
election to have certain revocable trusts treated and taxed as part of 
an estate, and provides procedures and requirements for making the 
section 645 election.
    Respondents: Individuals or households .
    Estimated Number of Respondents: 10,000.
    Estimated Burden Hours Respondent: 30 minutes.
    Frequency of response: Other (once).

[[Page 23854]]

    Estimated Total Reporting Burden: 5,000 hours.

    OMB Number: 1545-1721.
    Form Number: IRS Form 8875.
    Type of Review: Extension.
    Title: Taxable REIT Subsidiary Election.
    Description: A corporation and a REIT use Form 8875 to jointly 
elect to have the corporation treated as a taxable REIT subsidiary as 
provided in section 856(l).
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 1,000.
    Estimated Burden Hours Respondent/Recordkeeper:
     Recordkeeping--6 hr., 56 min.
     Learning about the law or the form--18 min.
     Preparing, and sending the form to the IRS--25 min.
    Frequency of response: Other (one-time).
    Estimated Total Reporting/Recordkeeping Burden: 7,660 hours.
    Clearance Officer: Glenn P. Kirkland, (202) 622-3428, Internal 
Revenue Service, Room 6411-03, 1111 Constitution Avenue, NW., 
Washington, DC 20224.
    OMB Reviewer: Joseph F. Lackey, Jr., (202) 395-7316, Office of 
Management and Budget, Room 10235, New Executive Office Building, 
Washington, DC 20503.

Lois K. Holland,
Treasury PRA Clearance Officer.
[FR Doc. 04-9816 Filed 4-29-04; 8:45 am]
BILLING CODE 4830-01-P