[Federal Register Volume 70, Number 138 (Wednesday, July 20, 2005)]
[Notices]
[Page 41816]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-14231]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 13, 2005.
    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 August 19, 
2005 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1677.
    Regulation Project Number: REG0136311-01 Final.
    Type of Review: Extension.
    Title: Exclusions from Gross Income of Foreign Corporations.
    Description: This document contains rules implementing the portions 
of section 883(a) and (c) of the Internal Revenue Code that relate to 
income derived by foreign corporations from the international operation 
of a ship or ships or aircraft. The rules provide, in general, that a 
foreign corporation organized in a qualified foreign country and 
engaged in the international operation of ships or aircraft shall 
exclude qualified income from gross income for purposes of United 
States Federal income taxation, provided that the corporation can 
satisfy certain ownership and related documentation requirements. This 
regulation describes these documentation requirements and the filing 
requirements necessary for a foreign corporation to claim a reciprocal 
exemption.
    Respondents: Business and other for-profit, Individuals or 
households, Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 16,400.
    Estimated Burden Hours Respondent/Recordkeeper: 1 hour, 27 minutes.
    Frequency of Response: On occasion, Annually, Other (certain 
shareholder information may be collection once every three years).
    Estimated Total Reporting/Recordkeeping Burden: 23,900 hours.
    Clearance Officer: Glenn P. Kirkland (202) 622-3428, Internal 
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.
    OMB Reviewer: Alexander T. Hunt (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. 05-14231 Filed 7-19-05; 8:45 am]
BILLING CODE 4830-01-P