[Federal Register Volume 75, Number 191 (Monday, October 4, 2010)]
[Notices]
[Page 61242]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-24762]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[PS-106-91] (TD 8563)


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 an 
existing final regulation, PS-106-91 (TD 8563), State Housing Credit 
Ceiling and Other Rules Relating to the Low-Income Housing Credit 
(Sec.  1.42-14).

DATES: Written comments should be received on or before December 3, 
2010 to be assured of consideration.

ADDRESSES: Direct all written comments to Gerald Shields, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue, NW, Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulation should be directed to Joel Goldberger, at 
(202) 927-9368, or at Internal Revenue Service, Room 6129, 1111 
Constitution Avenue, NW., Washington, DC 20224, or through the 
Internet, at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: State Housing Credit Ceiling and Other Rules Relating to the 
Low-Income Housing Credit.
    OMB Number: 1545-1423.
    Regulation Project Number: PS-106-91 (TD 8563)
    Abstract: The regulation concerns the low-income housing credit 
under section 42 of the Internal Revenue Code. The regulation provides 
rules relating to the order in which housing credit dollar amounts are 
allocated from each State's housing credit ceiling under section 
42(h)(3)(C) and the determination of which States qualify to receive 
credit from a national pool of credit under section 42(h)(3)(D). The 
regulation affects State and local housing credit agencies and 
taxpayers receiving credit allocations, and provides them with guidance 
for complying with section 42.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, not-
for-profit institutions, individuals or households, and state, local or 
tribal governments.
    Estimated Number of Respondents: 110.
    Estimated Time per Respondent: 2 hours, 30 minutes.
    Estimated Total Annual Burden Hours: 275.
    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: September 15, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010-24762 Filed 10-1-10; 8:45 am]
BILLING CODE 4830-01-P