[Federal Register Volume 81, Number 169 (Wednesday, August 31, 2016)]
[Notices]
[Page 60123]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-20988]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


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 
Special rules for certain medical uses of chemicals that deplete the 
ozone layer.

DATES: Written comments should be received on or before October 31, 
2016 to be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to Allan Hopkins, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224, or through the internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Chemicals That Deplete the Ozone Layer.
    OMB Number: 1545-1361.
    Regulation Project Number: TD 8662.
    Abstract: These regulations impose reporting and recordkeeping 
requirements necessary to implement Internal Revenue Code sections 4681 
and 4682 relating to the tax on chemicals that deplete the ozone layer 
and on products containing such chemicals. The regulation affects 
manufacturers and importers of ozone-depleting chemicals, manufacturers 
of rigid foam insulation, and importers of products containing or 
manufactured with ozone-depleting chemicals manufacture, import, 
export, sell, or use ODCs.
    In addition, the regulation affects persons, other than 
manufacturers and importers of ozone-depleting chemicals, holding such 
chemicals for sale or for use in further manufacture on January 1, 
1990, and on subsequent tax-increase dates.
    This regulation provides reporting and recordkeeping rules relating 
to taxes imposed on exports of ozone-depleting chemicals (ODCs), taxes 
imposed on ODCs used as medical sterilants or propellants in metered-
dose inhalers, and floor stocks taxes on ODCs. The rules affect persons 
who
    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.
    Estimated Number of Respondents: 151,598.
    Estimated Time per Respondent: 15 minutes.
    Estimated Total Annual Reporting Burden Hours: 75140.
    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: August 23, 2016.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2016-20988 Filed 8-30-16; 8:45 am]
BILLING CODE 4830-01-P