Federal Register / Vol. 72, No. 88 / Tuesday, May 8, 2007 / Notices 26197 

according to the requirements under 49 

CFR 541.5 and 541.6 (marking of major 

component parts and replacement 

parts). 

NHTSA notes that if VW wishes in 

the future to modify the device on 

which this exemption is based, the 

company may have to submit a petition 

to modify the exemption. Section 

543.7(d) states that a part 543 exemption 

applies only to vehicles that belong to 

a line exempted under this part and 

equipped with the anti-theft device on 

which the line’s exemption is based. 

Further, § 543.9(c)(2) provides for the 

submission of petitions ‘‘to modify an 

exemption to permit the use of an 

antitheft device similar to but differing 

from the one specified in that 

exemption.’’

The agency wishes to minimize the 

administrative burden that § 543.9(c)(2) 

could place on exempted vehicle 

manufacturers and itself. The agency 

did not intend in drafting part 543 to 

require the submission of a modification 

petition for every change to the 

components or design of an antitheft 

device. The significance of many such 

changes could be de minimis. Therefore, 

NHTSA suggests that if the 

manufacturer contemplates making any 

changes, the effects of which might be 

characterized as de minimis, it should 

consult the agency before preparing and 

submitting a petition to modify. 

Authority: 49 U.S.C. 33106; delegation of 

authority at 49 CFR 1.50. 

Issued on: May 2, 2007. 

Stephen R. Kratzke, 

Associate Administrator for Rulemaking. 

[FR Doc. E7–8730 Filed 5–7–07; 8:45 am] 

BILLING CODE 4910–59–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[INTL–939–86] 

Proposed Collection; Comment 

Request for Regulation Project 

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 an 

existing notice of proposed rulemaking, 

INTL–939–86, Insurance Income of a 

Controlled Foreign Corporation for 

Taxable Years beginning After 

December 31, 1986 (§ 1.953–2(e)(3)(iii), 

1.953–4(b), 1.953–5(a), 1.953–6(a), 

1.953–7(c)(8), and 1.6046–1). 

DATES: Written comments should be 

received on or before July 9, 2007 to be 

assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn P. Kirkland, Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulations should be 

directed to Carolyn N. Brown at Internal 

Revenue Service, room 6516, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or at (202) 622–6688, or 

through the Internet at 

Carolyn.N.Brown@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Insurance Income of a 

Controlled Foreign Corporation for 

Taxable Years Beginning After 

December 31, 1986. 

OMB Number: 1545–1142. Regulation 

Project Number: INTL–939–86. 

Abstract: This regulation relates to the 

definition and computation of the 

insurance income of a controlled foreign 

corporation, and it also contains rules 

applicable to certain captive insurance 

companies. The information collection 

is required by the IRS in order for 

taxpayers to elect to locate risks with 

respect to moveable property by 

reference to the location of the property 

in a prior period; to allocate investment 

income to a particular category of 

insurance income; to allocate 

deductions to a particular category of 

insurance income; to determine the 

amount of those items, such as reserves, 

which are computed with reference to 

an insurance company’s annual 

statement; to elect to have related 

person insurance income treated as 

income effectively connected with the 

conduct of a United States trade or 

business; and to collect the information 

required by Code section 6046 relating 

to controlled foreign corporations as 

defined in Code section 953(c). 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents/ 

Recordkeepers: 500. 

Estimated Time Per Respondent/ 

Recordkeeper: 28 hr., 12 min. 

Estimated Total Annual Burden 

Hours: 14,100. 

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: May 1, 2007. 

Glenn P. Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–8716 Filed 5–7–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[INTL–29–91] 

Proposed Collection; Comment 

Request for Regulation Project 

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 


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