[Federal Register Volume 76, Number 62 (Thursday, March 31, 2011)]
[Notices]
[Pages 17990-17991]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-7522]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[T.D. 8461]


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 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 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an 
existing final regulation, T.D. 8461, Nuclear Decommissioning Fund 
Qualification Requirements (Sec.  1.468A-3).

DATES: Written comments should be received on or before May 31, 2011 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Yvette B. Lawrence, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulation should be directed to Joel Goldberger, at 
(202) 927-9368 or at Internal Revenue Service, Room 6129, 1111 
Constitution Avenue, NW., Washington, DC 20224, or through the 
Internet, at <a href="/cdn-cgi/l/email-protection#5913363c357709771e36353d3b3c2b3e3c2b19302b2a773e362f"><span class="__cf_email__" data-cfemail="a0eacfc5cc8ef08ee7cfccc4c2c5d2c7c5d2e0c9d2d38ec7cfd6">[email protected]</span></a>.

SUPPLEMENTARY INFORMATION:
    Title: Nuclear Decommissioning Fund Qualification Requirements.
    OMB Number: 1545-1269.
    Regulation Project Number: T.D. 8461.
    Abstract: Section 468A outlines rules governing the treatment of a 
qualified nuclear decommissioning fund and contributions to such a 
fund. Section 1.468A-5 (a)(l)(i) of the Income Tax Regulations requires 
that each qualified nuclear decommissioning fund be established as a 
trust under State law. Certain trusts may constitute associations 
taxable as corporations under classification standards set forth in 
sections 301.7701-2 through 301.7701-4. If a trust is classified as a 
taxable corporation, the corporate tax could deplete the assets in the 
fund, thereby impairing their ability to achieve the purpose for which 
they were created. In addition, the classification of a fund will 
impact on the schedule of ruling amounts approved by the Service under 
section 468A.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 50.
    Estimated Time per Respondent: 3 hours.
    Estimated Total Annual Burden Hours: 150.
    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,

[[Page 17991]]

maintenance, and purchase of services to provide information.

    Approved: March 21, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011-7522 Filed 3-30-11; 8:45 am]
BILLING CODE 4830-01-P


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