[Federal Register Volume 84, Number 191 (Wednesday, October 2, 2019)]
[Notices]
[Pages 52593-52594]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-21427]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service, 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 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995. The IRS is soliciting comments concerning 
carryforward election of unused private activity bond volume cap.

DATES:  Written comments should be received on or before December 2, 
2019 to be assured of consideration.

ADDRESSES: Direct all written comments to Dr. Philippe Thomas, Internal 
Revenue Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC 
20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form should be directed to Kerry Dennis, at (202) 317-
5751 or Internal Revenue Service, Room 6529, 1111 Constitution Avenue 
NW, Washington, DC 20224, or through the internet, at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Carryforward Election of Unused Private Activity Bond Volume 
Cap.
    OMB Number: 1545-0874.
    Form Number: Form 8328.
    Abstract: Internal Revenue Code section 4146(f) requires that an 
annual volume limit be placed on the amount of private activity bonds 
issued by each State. Code section 146(f)(3) provides that the unused 
amount of the private activity bonds for specific programs can be 
carried forward for 3 years depending on the type of project. In order 
to carry forward the unused amount of the private activity bond, an 
irrevocable election can be made by the issuing authority. Form 8328 
allows the issuer to execute the carryforward election.
    Current Actions: There are no changes to the forms or regulations 
at his time. However, the agency is updating the number of respondents 
based on its most recent filing data.
    Type of Review: Revision of a currently approved collection.

[[Page 52594]]

    Affected Public: Businesses or other for-profit organizations, 
state, local, or tribal government.
    Estimated Number of Respondents: 200.
    Estimated Time per Respondent: 13 hours, 13 minutes.
    Estimated Total Annual Burden Hours: 2,644 hours.
    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 16, 2019.
Philippe Thomas,
Supervisor Tax Analyst.
[FR Doc. 2019-21427 Filed 10-1-19; 8:45 am]
 BILLING CODE 4830-01-P