41748 Federal Register / Vol. 65, No. 130 / Thursday, July 6, 2000 / Notices

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,

maintenance, and purchase of services

to provide information.

Approved: June 28, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–16970 Filed 7–5–00; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request For Form 3468

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice and request for

comments.

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 Form

3468, Investment Credit.

DATES: Written comments should be

received on or before September 5, 2000

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the form and instructions

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5242, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Investment Credit.

OMB Number: 1545–0155.

Form Number: 3468.

Abstract: Taxpayers are allowed a

credit against their income taxes for

certain expenses they incur for their

trades or businesses. Form 3468 is used

to compute this investment tax credit.

The information collected is used by the

IRS to verify that the credit has been

correctly computed.

Current Actions: The order of Part II,

Tax Liability Limit, was revised for this

form. Section 501 of Public Law 106-170

extended the provision that allows

individuals to offset the regular tax

liability in full for personal credits.

Previously filers were allowed to claim

credits to the extent that the regular tax

liability exceeded the tentative

minimum tax. For tax years beginning

in 2000 and 2001, personal

nonrefundable credits may offset both

the regular tax and the minimum tax.

Also, the computation was changed in

Part II to reflect and to conform to

changes that were made to the tax

computation on Form 1040. A new line

8 was added to show the sum of the

regular tax before credits and the

alternative minimum tax.

Type of Review: Revision of a

currently approved collection.

Affected Public: Business or other forprofit organizations, individuals or

households, farms, and not-for-profit

institutions.

Estimated Number of Respondents:

22,573.

Estimated Time Per Response: 20

hours, 26 minutes.

Estimated Total Annual Burden

Hours: 461,392.

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,

maintenance, and purchase of services

to provide information.

Approved: June 28, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–16971 Filed 7–5–00; 8:45 am]

BILLING CODE 4830–01–P