[Federal Register Volume 71, Number 228 (Tuesday, November 28, 2006)]
[Notices]
[Pages 68897-68898]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-20085]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 97-64

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 
Notice 97-64, Temporary Regulations To Be Issued Under Section 1(h) of 
the Internal Revenue Code (Applying Section 1(h) to Capital Gain 
Dividends of RICs and REITs).

DATES: Written comments should be received on or before January 29, 
2007 to be assured of consideration.

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

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of notice should be directed to R. Joseph Durbala, (202) 622-
3634, at Internal Revenue Service, room 6516, 1111 Constitution Avenue 
NW., Washington, DC 20224, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Temporary Regulations To Be Issued Under Section 1(h) of the 
Internal Revenue Code (Applying Section 1(h) to Capital Gain Dividends 
of RICs and REITs).
    OMB Number: 1545-1565.
    Notice Number: Notice 97-64.
    Abstract: Notice 97-64 describes temporary regulations that will 
permit Regulated Investment Companies (RICs) and Real Estate Investment 
Trusts (REITs) to distribute multiple classes of capital gain 
dividends.
    Current Actions: There are no changes being made to the notice at 
this time. This submission is being made for renewal purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
individuals.
    The burden for the collection of information in sections 9 and 10 
of Notice 97-64 is reflected in the burden for Form 1099-DIV and Form 
2439.
    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

[[Page 68898]]

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 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: November 13, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
 [FR Doc. E6-20085 Filed 11-27-06; 8:45 am]
BILLING CODE 4830-01-P