[Federal Register Volume 71, Number 202 (Thursday, October 19, 2006)]
[Notices]
[Page 61827]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-17457]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

October 13, 2006.
    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 November 
20, 2006 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0984.
    Type of Review: Extension.
    Title: Low-Income Housing Credit.
    Form: 8586.
    Description: The Tax Reform Act of 1986 (Code section 42) permits 
owners of residential rental projects providing low-income housing to 
claim a credit against income tax for part of the cost of constructing 
or rehabilitating such low-income housing. Form 8586 is used by 
taxpayers to compute the credit and by IRS to verify that the correct 
credit has been claimed.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 90,007 hours.
    OMB Number: 1545-1282.
    Type of Review: Extension.
    Title: Enhanced Oil Recovery Credit.
    Form: 8830.
    Description: The enhanced oil recovery credit is 15% of qualified 
costs paid or incurred during the year. The purpose is to get more oil 
from the wells. The IRS uses the information on the form to ensure that 
the credit is correctly computed.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 17,323 hours.
    Clearance Officer: Glenn P. Kirkland, Internal Revenue Service, 
Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224, (202) 
622-3428.
    OMB Reviewer: Alexander T. Hunt, Office of Management and Budget, 
Room 10235, New Executive Office Building, Washington, DC 20503, (202) 
395-7316.

Robert Dahl,
Treasury PRA Clearance Officer.
 [FR Doc. E6-17457 Filed 10-18-06; 8:45 am]
BILLING CODE 4830-01-P