[Federal Register Volume 88, Number 17 (Thursday, January 26, 2023)]
[Notices]
[Pages 5063-5064]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-01544]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request Relating to FHA Loan Limits 
To Determine Average Area Purchase Prices

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 the 
collection of information required to obtain the benefit of using 
revisions to FHA loan limits to determine average area purchase prices.

DATES: Written comments should be received on or before March 27, 2023 
to be assured of consideration.

ADDRESSES: Direct all written comments to Andres Garcia, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224, or by email to [email protected]. Include OMB control number 
1545-1877 or Average Area Purchase Price

[[Page 5064]]

Safe Harbors and Nationwide Purchase Prices under section 143.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the revenue procedure should be directed to Kerry Dennis at 
(202) 317-5751, or at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet, 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Average Area Purchase Price Safe Harbors and Nationwide 
Purchase Prices under section 143.
    OMB Number: 1545-1877.
    Regulatory Number: Revenue Procedure 2022-17.
    Abstract: The revenue procedure under this collection provides 
issuers of qualified mortgage bonds, as defined in section 143(a) of 
the Internal Revenue Code (Code), and issuers of mortgage credit 
certificates, as defined in section 25(c), with (1) the nationwide 
average purchase price for residences located in the United States, and 
(2) average area purchase price safe harbors for residences located in 
statistical areas in each state, the District of Columbia, Puerto Rico, 
the Northern Mariana Islands, American Samoa, the Virgin Islands, and 
Guam.
    Current Actions: There are no changes to burden.
    Type of Review: Extension of a currently approved collection.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Number of Respondents: 60.
    Estimated Time per Respondent: 15 minutes.
    Estimated Total Annual Burden Hours: 15 hours.
    The following paragraph applies to all 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 if 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: January 20, 2023.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2023-01544 Filed 1-25-23; 8:45 am]
BILLING CODE 4830-01-P