[Federal Register Volume 90, Number 51 (Tuesday, March 18, 2025)]
[Notices]
[Page 12636]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-04398]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Regulation 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 the 
funding relief for multiemployer defined benefit pension plans under 
the American Rescue Plan Act of 2021.

DATES: Written comments should be received on or before May 19, 2025 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 
1545-2300 or Funding relief for multiemployer defined benefit pension 
plans under the American Rescue Plan Act of 2021, in the subject line 
of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the notice 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: Funding relief for multiemployer defined benefit pension 
plans under the American Rescue Plan Act of 2021.
    OMB Number: 1545-2300.
    Notice Number: 2021-57.
    Abstract: The American Rescue Plan Act of 2021 (ARP), Public Law 
117-2, sections 9701, 9702, and 9703 provide elective funding relief 
for multiemployer defined benefit pension plans to address the 
continued impact of COVID-19. This notice provides guidance for 
sponsors of multiemployer defined benefit pension plans on the 
elections under sections 9701 and 9702 of the ARP Act, and the relief 
provided under section 9703 of the ARP Act, relating to Internal 
Revenue Code (IRC) sections 431 and 432.
    Current Actions: There are no changes to the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations, and 
not-for-profit institutions.
    Estimated Number of Respondents: 937.
    Estimated Time per Respondent: 58 minutes.
    Estimated Total Annual Burden Hours: 896.
    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: March 12, 2025.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2025-04398 Filed 3-17-25; 8:45 am]
BILLING CODE 4830-01-P