Federal Register / Vol. 62, No. 240 / Monday, December 15, 1997 / Notices 65733

after the EA becomes available to the

public.

Environmental, historic preservation,

public use, or trail use/rail banking

conditions will be imposed, where

appropriate, in a subsequent decision.

Pursuant to the provisions of 49 CFR

1152.29(e)(2), DART shall file a notice

of consummation with the Board to

signify that it has exercised the

authority granted and fully abandoned

the line. If consummation has not been

effected by DART’s filing of a notice of

consummation by December 15, 1998,

and there are no legal or regulatory

barriers to consummation, the authority

to abandon will automatically expire.

Decided: December 8, 1997.

By the Board, David M. Konschnik,

Director, Office of Proceedings.

Vernon A. Williams,

Secretary.

[FR Doc. 97–32648 Filed 12–12–97; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF THE TREASURY

Fiscal Service

Surety Companies Acceptable on

Federal Bonds Termination of

Authority: Pennsylvania

Manufacturers’ Association Insurance

Company

SUMMARY: Dept. Circ. 570, 1997—Rev.,

Supp. No. 5.)

FOR FURTHER INFORMATION CONTACT:

Surety Bond Branch (202) 874–7116.

SUPPLEMENTARY INFORMATION: Notice is

hereby given that the Certificate of

Authority issued by the Treasury to

Pennsylvania Manufacturers’

Association Insurance Company, of

Philadelphia, Pennsylvania, under the

United States Code, Title 31, Sections

9304–9308, to qualify as an acceptable

surety on Federal bonds was terminated

effective November 13, 1997.

The Company was last listed as an

acceptable surety on Federal bonds at 62

FR 35571, July 1, 1997.

With respect to any bonds currently

in force with Pennsylvania

Manufacturers’ Association Insurance

Company, bond-approving officers may

let such bonds run to expiration and

need not secure new bonds. However,

no new bonds should be accepted. In

addition, bonds that are continuous in

nature should not be renewed.

The Treasury Department Circular

570 may be viewed and downloaded

through the Internet (http://

www.fms.treas.gov/c570.html) or

through our computerized public

bulletin board system at (202) 874–6887.

A hard copy may be purchased from the

Government Printing Office (GPO),

Subscription Service, Washington, DC,

telephone (202) 512–1800. When

ordering the Circular from GPO, use the

following stock number: 048–000–

00509–8.

Questions concerning this notice may

be directed to the U.S. Department of

the Treasury, Financial Management

Service, Funds Management Division,

Surety Bond Branch, 3700 East-West

Highway, Room 6A11, Hyattsville, MD

20782.

Dated: December 4, 1997.

Charles F. Schwan III,

Director, Funds Management Division,

Financial Management Service.

[FR Doc. 97–32664 Filed 12–12–97; 8:45 am]

BILLING CODE 4810–35–M

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[LR–100–78]

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, LR–100–78 (TD

7918), Creditability of Foreign Taxes

(§§ 1.901–2 and 1.901–2A).

DATES: Written comments should be

received on or before February 13, 1998

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the information collection

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5569, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Creditability of Foreign Taxes.

OMB Number: 1545–0746.

Regulation Project Number: LR–100–

78.

Abstract: Section 1.901–2A of the

regulation contains special rules that

apply to taxpayers engaging in business

transactions with a foreign government

that is also taxing them. In general, such

taxpayers must establish what portion of

a payment made pursuant to a foreign

levy is actually tax and not

compensation for an economic benefit

received from the foreign government.

One way a taxpayer can do this is by

electing to apply the safe harbor formula

of section 1.901–2A by filing a

statement with the IRS.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals or

households, and business or other forprofit organizations.

Estimated Number of Respondents:

110.

Estimated Time Per Respondent: 20

minutes.

Estimated Total Annual Burden

Hours: 37.

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.