[Federal Register Volume 78, Number 81 (Friday, April 26, 2013)]
[Notices]
[Pages 24815-24816]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-09843]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2012-
25

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 
Revenue Procedure 2012-25, Average Area Purchase Price Safe Harbors and 
Nationwide Purchase Prices under section 143.

DATES: Written comments should be received on or before June 25, 2013 
to be assured of consideration.

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

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the revenue procedure should be directed to Katherine Dean at 
Internal Revenue Service, Room 6242, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202) 622-3186, or through the Internet at 
[email protected].

 SUPPLEMENTARY INFORMATION:
    Title: Average Area Purchase Price Safe Harbors and Nationwide 
Purchase Prices under section 143.
    OMB Number: 1545-1877.
    Revenue Procedure Number: Revenue Procedure 2012-25.
    Abstract: Revenue Procedure 2012-25 provides issuers of qualified 
mortgage bonds, as defined in section 143(a) of the Internal Revenue 
Code, and issuers of mortgage credit certificates, as defined in 
section 25(c), with (1) nationwide average purchase prices for 
residences located in the United States, and (2) average area purchase 
price safe harbors for residences located in statistical areas in each 
state, the District of Columbia, Puerto Rico, the Northern Mariana 
Islands, American Samoa, the Virgin Islands, and Guam.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: State, local and tribal governments.
    Estimated Number of Recordkeepers: 60.
    Estimated Time per Recordkeeper: 15 minutes.
    Estimated Total Annual Burden Hours: 15.
    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.


[[Page 24816]]


    Approved: March 15, 2013.
Yvette Lawrence,
OMB Reports Clearance Officer.
[FR Doc. 2013-09843 Filed 4-25-13; 8:45 am]
BILLING CODE 4830-01-P