[Federal Register Volume 74, Number 154 (Wednesday, August 12, 2009)]
[Notices]
[Pages 40644-40645]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-19270]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 3468

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 
Form 3468, Investment Credit.

DATES: Written comments should be received on or before October 13, 
2009 to be assured of consideration.

ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal 
Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Evelyn J. 
Mack at Internal Revenue Service, room 6129, 1111 Constitution Avenue 
NW., Washington, DC 20224, or at (202) 622-7381, or through the 
Internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Investment Credit.
    OMB Number: 1545-0155.
    Abstract: Form 3468 is used to compute Taxpayers' credit against 
their income tax for certain expenses incurred for their trades or 
businesses. The information collected is used by the IRS to verify that 
the credit has been correctly computed.
    Current Actions: As a result of Public Law 110-343 Div. C, section 
301(b) and Public Law 110-289, section 3022(c) several changes were 
made to Form 3468.
    Type of Review: Revision to a current OMB approval.
    Affected Public: Business or other for-profit.
    Estimated Number of Responses: 15,345.
    Estimated Time per Response: 34 hours, 36 minutes.
    Estimated Total Annual Burden Hours: 530,937.
    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

[[Page 40645]]

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: August 3, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-19270 Filed 8-11-09; 8:45 am]
BILLING CODE 4830-01-P