Federal Register: January 23, 2007 (Volume 72, Number 14)
DOCID: fr23ja07-103 FR Doc E7-863
DEPARTMENT OF THE TREASURY
Internal Revenue Service
DOCUMENT ACTION: Notice and request for comments.
Proposed Collection; Comment Request for Revenue Procedure 2004- 18
DATES: Written comments should be received on or before March 26, 2007 to be assured of consideration.
The Department of the Treasury, 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, Public Law 10413 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Revenue Procedure 200418, Average Area Purchase Price Safe Harbors and Nationwide Purchase Prices under section 143.
Agency information collection activities; proposals, submissions, and approvals,
Title: Average Area Purchase Price Safe Harbors and Nationwide Purchase Prices under section 143.
OMB Number: 15451877.
Revenue Procedure Number: Revenue Procedure 200418.
Abstract: Revenue Procedure 200418 provides issuers of qualified mortgage bonds, as defined in section 143(a) of the Internal Revenue Code, and issuers of mortgage credit certificates, as defined in section 25(c), with (1) nationwide average purchase prices 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 being made to the revenue procedure at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: State, local and tribal governments.
Estimated Number of recordkeepers: 60.
Estimated Time Per recordkeeper: 15 minutes.
Estimated Total Annual Burden Hours: 15.
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 startup costs and costs of
operation, maintenance, and purchase of services to provide information.
Approved: January 12, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7863 Filed 12207; 8:45 am]
BILLING CODE 483001P
FOR FURTHER INFORMATION CONTACT
Requests for additional information or
copies of the revenue procedure should be directed to Carolyn N. Brown
at Internal Revenue Service, Room 6516, 1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 6226688, or through the internet at