[Federal Register Volume 82, Number 7 (Wednesday, January 11, 2017)]
[Notices]
[Page 3383]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-00331]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Tax Exempt Entity 
Leasing

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 
tax exempt entity leasing.

DATES: Written comments should be received on or before March 13, 2017 
to be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, Room 6528, 1111 Constitution Avenue NW., Washington, 
DC 20224.

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

SUPPLEMENTARY INFORMATION: 
    Title: Tax-Exempt Entity Leasing.
    OMB Number: 1545-0923.
    Regulation Project Number: TD 8033.
    Abstract: These regulations provide guidance to persons executing 
lease agreements involving tax-exempt entities under 168(h) of the 
Internal Revenue Code. The regulations are necessary to implement 
congressionally enacted legislation and elections for certain 
previously tax-exempt organizations and certain tax-exempt controlled 
entities.
    Current Actions: There are no changes to these existing 
regulations.
    Type of Review: Extension of OMB approval.
    Affected Public: Not-for-profit institutions and state, local or 
tribal governments.
    Estimated Number of Respondents: 6,000.
    Estimated Time per Respondent: 30 minutes.
    Estimate Total Annual Burden Hours: 3,000.
    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: December 28, 2016.
R. Joseph Durbala,
Tax Analyst, IRS.
[FR Doc. 2017-00331 Filed 1-10-17; 8:45 am]
 BILLING CODE 4830-01-P