[Federal Register Volume 89, Number 69 (Tuesday, April 9, 2024)]
[Notices]
[Pages 24891-24892]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-07456]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8823

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. The IRS is soliciting comments 
concerning Form 8823, Low-Income Housing Credit Agencies Report of 
Noncompliance or Building Disposition.

DATES: Written comments should be received on or before June 10, 2024 
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]. Please include the OMB 
Control Number 1545-1204 or Form 8823 in the Subject line. Requests for 
additional

[[Page 24892]]

information or copies of the form and instructions should be directed 
to, Sara Covington, (202) 317-5744 or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Low-Income Housing Credit Agencies Report of Noncompliance 
or Building Disposition.
    OMB Number: 1545-1204.
    Form Number: 8823.
    Abstract: Under Internal Revenue Code section 42(m)(1)(B)(iii), 
state housing credit agencies are required to notify the IRS of any 
building disposition or noncompliance with the low-income housing tax 
credit provisions. A separate form must be filed for each building that 
is not in compliance. The IRS uses this information to determine 
whether the low-income housing credit is being correctly claimed and 
whether there is any credit recapture.
    Current Actions: There are no changes being made to the form at 
this time, changes to the burden estimates are due to IRS most current 
filing data.
    Type of Review: Extension of a currently approved collection.
    Affected Public: State or local government housing credit agencies.
    Estimated Number of Respondents: 14,474.
    Estimated Time per Respondent: 15.16 hours.
    Estimated Total Annual Burden Hours: 219,426.
    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: April 3, 2024.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2024-07456 Filed 4-8-24; 8:45 am]
BILLING CODE 4830-01-P