[Federal Register Volume 79, Number 217 (Monday, November 10, 2014)]
[Notices]
[Pages 66766-66767]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-26576]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 4, 2014.
    The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before December 10, 2014 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestion for reducing 
the burden, to (1) Office of Information and Regulatory Affairs, Office 
of Management and Budget, Attention: Desk Officer for Treasury, New 
Executive Office Building, Room 10235, Washington, DC 20503, or email 
at [email protected] and (2) Treasury PRA Clearance Officer, 
1750 Pennsylvania Ave. NW., Suite 8140, Washington, DC 20220, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be 
obtained by calling (202) 927-5331, email at [email protected], or the 
entire information collection request maybe found at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Number: 1545-2232.
    Type of Review: Revision.
    Title: Health Insurance Premium Tax Credit
    Abstract: Under the Patient Protection and Affordable Care Act, 
Public Law 111-148, and the Health Care and Education Reconciliation 
Act, Public Law 111-152, states will establish exchanges to facilitate 
enrollment in qualified health plans by individuals. Eligible 
individuals may claim a premium tax credit on their tax returns that 
will pay part of the premiums for health plans. In many cases exchanges 
will approve monthly advance payments of the credit to insurance 
companies. Section 36B(f)(3) of the Internal Revenue Code requires 
exchanges to report information concerning individuals enrolling in 
qualified health plans that will assist the individuals to properly 
complete their tax returns and assist the Internal Revenue Service to 
determine a taxpayer's eligibility for the premium tax credit and the 
correct amount of the credit. The IRS developed Form 1095-A under the 
authority of ICR section

[[Page 66767]]

36B(f)(3) for individuals to compute the amount of premium tax credit 
and file an accurate tax return. Marketplaces also must report certain 
information monthly to the IRS about individuals who receive from the 
Marketplace a certificate of exemption from the individual shared 
responsibility provision.
    Estimated Total Burden Hours: 11,250

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2014-26576 Filed 11-7-14; 8:45 am]
BILLING CODE 4830-01-P