Federal Register: November 5, 2009 (Volume 74, Number 213)

DOCID: fr05no09-116 FR Doc E9-26647

DEPARTMENT OF THE TREASURY

Internal Revenue Service

NOTICE: NOTICES

DOCID: fr05no09-116

DOCUMENT ACTION: Notice and request for comments.

SUBJECT CATEGORY:

Proposed Collection; Comment Request for Notice 2009-83

DATES: Written comments should be received on or before January 4, 2010 to be assured of consideration.

DOCUMENT SUMMARY:

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 Notice 200983, Credit for Carbon Dioxide Sequestration under Section 45Q.

SUMMARY:

Agency Information Collection Activities; Proposals, Submissions, and Approvals

SUPPLEMENTAL INFORMATION

Title: Credit for Carbon Dioxide Sequestration under Section 45Q.

OMB Number: 15452153.

Notice Number: Notice 200983 (NOT15137008).

Abstract: The proposed notice sets forth interim guidance, pending the issuance of regulations, relating to the credit for carbon dioxide sequestration (CO2 sequestration credit) under Sec. 45Q of the Internal Revenue Code.

Current Actions: This is a new collection. There are no changes being made to the notice at this time.

Type of Review: Extension of currently approved collection.

Affected Public: Business and forprofit.

Estimated Number of Respondents: 30.

Estimated Average Time per Respondent: 6 hrs.

Estimated Total Annual Burden Hours: 180 hrs.

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: October 29, 2009.
R. Joseph Durbala,
IRS Supervisory Tax Analyst.
[FR Doc. E926647 Filed 11409; 8:45 am]
BILLING CODE 483001P

FOR FURTHER INFORMATION CONTACT

Requests for additional information or copies of notice should be directed to R. Joseph Durbala, at (202) 622 3634, or at Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet, at RJoseph.Durbala@irs.gov.