[Federal Register Volume 85, Number 150 (Tuesday, August 4, 2020)]
[Notices]
[Page 47291]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-16970]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for the General Business 
Credit

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 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995. Currently, the IRS is soliciting 
comments concerning Form 3800, General Business Credit.

DATES: Written comments should be received on or before October 5, 2020 
to be assured of consideration.

ADDRESSES: Direct all written comments to Chakinna Clemons, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224. Requests for additional information or copies of the form and 
instructions should be directed to LaNita Van Dyke, at (202) 317-6009, 
at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, 
Washington, DC 20224, or through the internet, at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: General Business Credit.
    OMB Number: 1545-0895.
    Form Number: Form 3800.
    Abstract: Internal Revenue Code section 38 permits taxpayers to 
reduce their income tax liability by the amount of their general 
business credit, which is an aggregation of their investment credit, 
work opportunity credit, welfare-to-work credit, alcohol fuel credit, 
research credit, low-income housing credit, disabled access credit, 
enhanced oil recovery credit, etc. Form 3800 is used to figure the 
correct credit.
    Current Actions: We have made no changes to Form 3800 at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, farms 
and individuals.
    Estimated Number of Respondents: 250,000.
    Estimated Time per Respondent: 33.38 hours.
    Estimated Total Annual Burden Hours: 8,345,500.
    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: July 30, 2020.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2020-16970 Filed 8-3-20; 8:45 am]
BILLING CODE 4830-01-P