[Federal Register Volume 72, Number 151 (Tuesday, August 7, 2007)]
[Notices]
[Page 44222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-15244]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-143453-05]


Proposed Collection: Comment Request for Regulation Project

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 
temporary regulation, REG-143453-05, Capital Costs Incurred to Comply 
With EPA Sulfur Regulations.

DATES: Written comments should be received on or before October 9, 2007 
to be assured of consideration.

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

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this regulation should be directed to Allan Hopkins, at (202) 
622-6665, or at Internal Revenue Service, room 6514, 1111 Constitution 
Avenue, NW., Washington, DC 20224, or through the internet, at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Residence and Source Rules Involving U.S. Possessions and 
Other Conforming Changes.
    OMB Number: 1545-2076.
    Regulation Project Number: REG-143453-05.
    Abstract: This temporary regulation provides rules for claiming the 
deduction allowable under section 179B of the Internal Revenue Code for 
qualified capital costs paid or incurred by a small business refiner. 
The temporary regulations provide the time and manner for (i) a small 
business refiner to make the election to claim this deduction for the 
taxable year; and (ii) a cooperative small business refiner to make the 
election to allocate its deduction allowable under section 179B of the 
taxable year to the cooperative owners and to provide the written 
notice, as required by section 179B(e)(3), to the cooperative owners.
    Current Actions: There is no change to this temporary regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 50.
    Estimated Total Burden Hours: 50.
    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 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: July 25, 2007.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E7-15244 Filed 8-6-07; 8:45 am]
BILLING CODE 4830-01-P