[Federal Register Volume 70, Number 249 (Thursday, December 29, 2005)]
[Notices]
[Pages 77258-77259]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-24564]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 97-15

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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Revenue Procedure 97-15, section 103--Remedial Payment Closing 
Agreement Program.

DATES: Written comments should be received on or before February 27, 
2006 to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn Kirkland Internal 
Revenue Service, room 6516, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to Larnice Mack at 
Internal Revenue Service, room 6512, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202) 622-3179, or through the Internet at 
([email protected]).

SUPPLEMENTARY INFORMATION:
    Title: Section 103--Remedial Payment Closing Agreement Program.
    OMB Number: 1545-1528.
    Revenue Procedure Number: Revenue Procedure 97-15.
    Abstract: This information is required by the Internal Revenue 
Service to verify compliance with sections 57, 103, 142, 144, 145, and 
147 of the Internal Revenue Code of 1986, as applicable (including any 
corresponding provision, if any, of the Internal Revenue Code of 1954). 
This information will be used by the Service to enter into a closing 
agreement with the issuer of certain state or local bonds to establish 
the closing agreement amount.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: State, local or tribal government, and not-for-
profit institutions.
    Estimated Number of Respondents: 50.
    Estimated Time Per Respondent: 1 hour, 30 minutes.
    Estimated Total Annual Burden Hours: 75.
    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

[[Page 77259]]

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 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: December 20, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 05-24564 Filed 12-28-05; 8:45 am]
BILLING CODE 4830-01-P