[Federal Register Volume 75, Number 243 (Monday, December 20, 2010)]
[Notices]
[Pages 79439-79440]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-31856]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

December 14, 2010.
    The Department of the Treasury will submit the following public 
information collection requirements to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13 on or 
after the date of publication of this notice. A copy of the submission 
may be obtained by calling the Treasury Bureau Clearance Officer 
listed. Comments regarding these information collections should be 
addressed to the OMB reviewer listed and to the Treasury PRA Clearance 
Officer, Department of the Treasury, 1750 Pennsylvania Avenue, NW., 
Suite 11010, Washington, DC 20220.

DATES: Written comments should be received on or before January 19, 
2011 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0023.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: Quarterly Federal Excise Tax Return.
    Form: 720.
    Abstract: The information supplied on Form 720 is used by the IRS 
to determine the correct tax liability. Additionally, the data is 
reported by the IRS to Treasury so that funds may be transferred from 
the general revenue funds to the appropriate trust funds.
    Respondents: Private sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 4,366,381 hours.
    OMB Number: 1545-0128.
    Type of Review: Revision of a currently approved collection.
    Title: U.S. Life Insurance Company Income Tax Return.
    Form: 1120-L.
    Abstract: Life insurance companies are required to file an annual 
return of income and compute and pay the tax due. The data is used to 
insure that companies have correctly reported taxable income and paid 
the correct tax.
    Respondents: Private sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 644,748 hours.
    OMB Number: 1545-0895.
    Type of Review: Revision of a currently approved collection.
    Title: General Business Credit.
    Form: 3800.
    Abstract: Internal Revenue Code section 38 permits taxpayers to 
reduce their income tax liability by the amount of their general 
business credit, which is an aggregation of their investment credit, 
jobs credit, alcohol fuel credit, research credit, low-income housing 
credit, disabled access credit, enhanced oil recovery credit, etc. Form 
3800 is used to figure the correct credit.
    Respondents: Private sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 5,307,500 hours.
    Bureau Clearance Officer: Allan Hopkins, Internal Revenue Service,

[[Page 79440]]

1111 Constitution Avenue, NW., Washington, DC 20224; (202) 622-6665.
    OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New 
Executive Office Building, Room 10235, Washington, DC 20503; (202) 395-
7873.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2010-31856 Filed 12-17-10; 8:45 am]
BILLING CODE 4830-01-P