Federal Register / Vol. 72, No. 99 / Wednesday, May 23, 2007 / Notices 29039 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[PS–19–92] 

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 final regulation, PS–19–92 (TD 

8520), Carryover Allocations and Other 

Rules Relating to the Low-Income 

Housing Credit (§§ 1.42–6, 1.42–8, and 

1.42–10). 

DATES: Written comments should be 

received on or before July 23, 2007 to be 

assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn Kirkland, Internal Revenue 

Service, room 6411, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulation should be 

directed to R. Joseph Durbala, at (202) 

622–3634, or at Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue NW., Washington, DC 20224, or 

through the internet, at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Carryover Allocations and Other 

Rules Relating to the Low-Income 

Housing Credit. 

OMB Number: 1545–1102. 

Regulation Project Number: PS–19–

92. 

Abstract: Section 42 of the Internal 

Revenue Code provides for a lowincome housing tax credit. The 

regulations provide guidance with 

respect to eligibility for a carryover 

allocation, procedures for electing an 

appropriate percentage month, the 

general public use requirement, the 

utility allowance to be used in 

determining gross rent, and the 

inclusion of the cost of certain services 

in gross rent. This information will 

assist State and local housing tax credit 

agencies and taxpayers that apply for or 

claim the low-income housing tax credit 

in complying with the requirements of 

Code section 42. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals, business 

or other for-profit organizations, not-forprofit institutions, and state, local or 

tribal governments. 

Estimated Number of Respondents/ 

Recordkeepers: 2,230. 

Estimated Time Per Respondent/ 

Recordkeeper: 1 hr., 48 min. 

Estimated Total Annual Reporting/ 

Recordkeeping Burden Hours: 4,008. 

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 15, 2007. 

Glenn P. Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–9873 Filed 5–22–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–116608–97] 

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 final regulation. REG–116608–

97 EIC Eligibility Requirements (§ 1.32–

3). 

DATES: Written comments should be 

received on or before July 23, 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 instructions should be 

directed to R. Joseph Durbala, at (202) 

622–3634, or at Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue NW., Washington, DC 20224, or 

through the internet, at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: EIC Eligibility Requirements. 

OMB Number: 1545–1575. 

Regulation Project Number: REG–

116608–97. 

Abstract: Under Section 1.32–3, this 

regulation provides guidance to 

taxpayers who have been denied the 

earned income credit (EIC) as a result of 

the deficiency procedures and wish to 

claim the EIC in a subsequent year. The 

regulation applies to taxpayers claiming 

the EIC for taxable years beginning after 

December 31, 1996. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 1. 

Estimated Time Per Respondent: 1. 

Estimated Total Annual Hours: 1. 


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