Federal Register / Vol. 77, No. 9 / Friday, January 13, 2012 / Notices 2131 

sponsoring a collection of information 

must display a currently valid OMB 

control number. A collection of 

information, which is defined in 44 

U.S.C. 3502(3) and 5 CFR 1320.3(c), 

includes agency requirements that 

persons submit reports, keep records, or 

provide information to the agency, third 

parties, or the public. Under 

§ 3506(c)(2)(A) of the PRA, Federal 

agencies are required, prior to 

submitting a collection to OMB for 

approval, to provide a 60-day notice and 

comment period through publication in 

the Federal Register concerning each 

proposed collection of information, 

including each proposed extension of an 

existing collection of information. 

Dated: January 10, 2012. 

Jeffrey Herzig, 

Clearance Clerk. 

[FR Doc. 2012–535 Filed 1–12–12; 8:45 am] 

BILLING CODE 4915–01–P 

DEPARTMENT OF TRANSPORTATION 

Surface Transportation Board 

[Docket No. FD 35579] 

Watco Holdings, Inc.—Continuance in 

Control Exemption—Birmingham 

Terminal Railway, L.L.C. 

Watco Holdings, Inc. (Watco), a 

noncarrier, has filed a verified notice of 

exemption pursuant to 49 CFR 

1180.2(d)(2) to continue in control of 

Birmingham Terminal Railway, L.L.C. 

(BHRR), upon BHRR’s becoming a Class 

III rail carrier. 

This transaction is related to a 

concurrently filed verified notice of 

exemption in Docket No. FD 35578, 

Birmingham Terminal Railway, L.L.C.— 

Acquisition and Operation Exemption— 

Birmingham Southern Railroad 

Company, wherein BHRR seeks Board 

approval to acquire from Birmingham 

Southern Railroad Company and 

operate approximately 75.59 miles of 

rail line, including all sidings and yard 

tracks, in Ensley, East Thomas, 

Bessemer, Fairfield, and Birmingham, 

AL. 

The parties intend to consummate the 

transaction on or shortly after January 

31, 2012. 

Watco is a Kansas corporation which 

currently controls, indirectly, 24 Class 

III railroads and 1 Class II railroad, 

operating in 18 States. Watco also owns, 

indirectly, 100 percent of the issued and 

outstanding stock of BHRR, a Delaware 

limited liability company. 

Watco controls, through stock 

ownership and management, Class III 

railroads South Kansas and Oklahoma 

Railroad, Inc., Palouse River & Coulee 

City Railroad, L.L.C., Timber Rock 

Railroad, L.L.C., Stillwater Central 

Railroad, L.L.C., Eastern Idaho Railroad, 

L.L.C., Kansas & Oklahoma Railroad, 

L.L.C., Pennsylvania Southwestern 

Railroad, L.L.C., Great Northwest 

Railroad, L.L.C., Kaw River Railroad, 

L.L.C., Mission Mountain Railroad, 

L.L.C., Mississippi Southern Railroad, 

L.L.C., Yellowstone Valley Railroad, 

L.L.C., Louisiana Southern Railroad, 

L.L.C., Arkansas Southern Railroad, 

L.L.C., Alabama Southern Railroad, 

L.L.C., Vicksburg Southern Railroad, 

L.L.C., Austin Western Railroad, L.L.C., 

Baton Rouge Southern Railroad, L.L.C., 

Pacific Sun Railroad, L.L.C., Grand Elk 

Railroad, Inc., Alabama Warrior 

Railway, L.L.C., Boise Valley Railroad, 

L.L.C., Autauga Northern Railroad, 

L.L.C., Swan Ranch Railroad, L.L.C., 

and Class II railroad Wisconsin & 

Southern Railroad, L.L.C. 

Watco represents that: (1) The rail 

lines to be operated by BHRR do not 

connect with any other railroads in the 

corporate family; (2) the transaction is 

not part of a series of anticipated 

transactions that would connect the rail 

lines with any other railroads in the 

corporate family; and (3) the transaction 

does not involve a Class I rail carrier. 

Therefore, the transaction is exempt 

from the prior approval requirements of 

49 U.S.C. 11323. See 49 CFR 

1180.2(d)(2). 

Watco states that the purpose of the 

proposed transaction is to reduce 

overhead expenses, coordinate billing, 

maintenance, mechanical, and 

personnel policies and practices of its 

rail carrier subsidiaries, and thereby 

improve the overall efficiency of rail 

service provided by the railroads in the 

corporate family. 

Under 49 U.S.C. 10502(g), the Board 

may not use its exemption authority to 

relieve a rail carrier of its statutory 

obligation to protect the interests of its 

employees. Because the transaction 

involves the control of one or more 

Class III rail carriers and one Class II rail 

carrier, the transaction is subject to the 

labor protective requirements of 49 

U.S.C. 11326(b) and Wisconsin Central 

Ltd.—Acquisition Exemption—Lines of 

Union Pacific Railroad, 2 S.T.B. 218 

(1997). 

If the verified notice contains false or 

misleading information, the exemption 

is void ab initio. Petitions to revoke the 

exemption under 49 U.S.C. 10502(d) 

may be filed at any time. The filing of 

a petition to revoke will not 

automatically stay the effectiveness of 

the exemption. Stay petitions must be 

filed no later than January 20, 2012 (at 

least 7 days before the exemption 

becomes effective). 

An original and 10 copies of all 

pleadings, referring to Docket No. FD 

35579, must be filed with the Surface 

Transportation Board, 395 E Street SW., 

Washington, DC 20423–0001. In 

addition, one copy of each pleading 

must be served on Karl Morell, 655 

Fifteenth Street NW., Suite 225, 

Washington, DC 20005. 

Board decisions and notices are 

available on our Web site at 

‘‘WWW.STB.DOT.GOV.’’ 

Decided: January 10, 2012. 

By the Board, Rachel D. Campbell, 

Director, Office of Proceedings. 

Raina S. White, 

Clearance Clerk. 

[FR Doc. 2012–565 Filed 1–12–12; 8:45 am] 

BILLING CODE 4915–01–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

January 10, 2012. 

The Department of the Treasury will 

submit the following information 

collection request to the Office of 

Management and Budget (OMB) for 

review and clearance in accordance 

with the Paperwork Reduction Act of 

1995, Public Law 104–13, on or after the 

date of publication of this notice. 

DATES: Comments should be received on 

or before February 13, 2012 to be 

assured of consideration. 

ADDRESSES: Send comments regarding 

the burden estimate, or any other aspect 

of the information collection, including 

suggestion for reducing the burden, to 

(1) Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Attention: Desk Officer for 

Treasury, New Executive Office 

Building, Room 10235, Washington, DC 

20503, or email at 

OIRA_Submission@OMB.EOP.GOV and 

(2) Treasury PRA Clearance Officer, 

1750 Pennsylvania Ave. NW., Suite 

11020, Washington, DC 20220, or online at www.PRAComment.gov. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submission(s) may be 

obtained by calling (202) 927–5331, 

email at PRA@treasury.gov, or the entire 

information collection request maybe 

found at www.reginfo.gov. 

Internal Revenue Service (IRS) 

OMB Number: 1545–0127. 

Type of Review: Extension without 

change of a currently approved 

collection. 

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2132 Federal Register / Vol. 77, No. 9 / Friday, January 13, 2012 / Notices 

Title: U.S. Income Tax Return for 

Homeowners Associations. 

Form: 1120–H. 

Abstract: Homeowners associations 

file Form 1120–H to report income, 

deductions, and credits. The form is 

also used to report the income tax 

liability of the homeowners association. 

The IRS uses Form 1120–H to determine 

if the income, deductions, and credits 

have been correctly computed. The form 

is also used for statistical purposes. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 

3,665,832. 

OMB Number: 1545–0941. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Report of a Sale or Exchange of 

Certain Partnership Interests. 

Form: 3808. 

Abstract: Form 8308 is an information 

return that gives the IRS the names of 

the parties involved in a section 751(a) 

exchange of a partnership interest. It is 

also used by the partnership as a 

statement to the transferor or transferee. 

It alerts the transferor that a portion of 

the gain on the sale of partnership 

interest may be ordinary income. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 

1,460,000. 

OMB Number: 1545–1414. 

Type of Review: Revision of a 

currently approved collection. 

Title: Credit for Employer Social 

Security and Medicare Taxes Paid on 

Certain Employee Tips. 

Form: 8846. 

Abstract: Employers in food or 

beverage establishments where tipping 

is customary can claim an income tax 

credit for the amount of social security 

and Medicare taxes paid (employer’s 

share) on tips, other than tips used to 

meet the minimum wage requirement. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 

161,448. 

OMB Number: 1545–1487. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: TD 8834 (final)—Treatment of 

Distributions to Foreign Persons Under 

Sections 367(e)(1) and 367(e)(2). 

Abstract: Sections 367(e)(1) and 

367(e)(2) provide for gain recognition on 

certain transfers to foreign persons 

under sections 355 and 332. Section 

6038B(a) requires U.S. persons 

transferring property to foreign persons 

in exchanges described in sections 332 

and 355 to furnish information 

regarding such transfers. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 2,471. 

OMB Number: 1545–1657. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Revenue Procedure 99–32— 

Conforming Adjustments Subsequent to 

Section 482 Allocations. 

Abstract: This revenue procedure 

prescribes the applicable procedures for 

the repatriation of cash by a United 

States taxpayer via an interest-bearing 

account receivable or payable in an 

amount corresponding to the amount 

allocated under section 482 from, or to 

a related person with respect to a 

controlled transaction. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 1,620. 

OMB Number: 1545–1799. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Notice 2002–69, Interest Rates 

and Appropriate Foreign Loss Payment 

Patterns For Determining the Qualified 

Insurance Income of Certain Controlled 

Corporations under Section 954(f). 

Abstract: This notice provide 

guidance on how to determine the 

foreign loss payment patterns of a 

foreign insurance company owned by 

U.S. shareholder for purposes of 

determining the amount of investment 

income earned by the insurance 

company that is not treated as Subpart 

F income under section 954(i). 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 300. 

OMB Number: 1545–1942. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Notice 2005–44, Charitable 

Contributions of Certain Motor Vehicles, 

Boats, and Airplanes. 

Abstract: The notice provides 

guidance under new Subsection 

170(f)(12) and 6720 regarding how to 

determine the amount of a charitable 

contribution for certain vehicles and the 

related substantiation and information 

reporting requirements. 

Affected Public: Individuals or 

Households. 

Estimated Total Burden Hours: 3,041. 

OMB Number: 1545–1950. 

Type of Review: Revision of a 

currently approved collection. 

Title: Return by a Shareholder Making 

Certain Late Elections to End Treatment 

as a Passive Foreign Investment 

Company. 

Form: 8621–A. 

Abstract: Form 8621–A is used by 

certain taxpayer/investors to request 

ending of their treatment as investing in 

a Passive Foreign Investment Company. 

New regulations are being written in 

support of the new products. The 

underlying law is in IRC sections 1297 

and 1298. 

Affected Pubic: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 785. 

OMB Number: 1545–2135. 

Type of Review: Revision of a 

currently approved collection. 

Title: REG–133300–07 (TD 9447-final) 

Automatic Contribution Arrangements. 

Abstract: These regulations provide a 

method by which an automatic 

contribution arrangement can become a 

qualified automatic contribution 

arrangement and automatically satisfy 

the ADP test of section 401(k)(3)A)(ii). 

These regulations also describe how an 

automatic contribution arrangement can 

become an eligible automatic 

contribution arrangement and 

employees can get back mistaken 

contributions. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 

30,000. 

Dawn D. Wolfgang, 

Treasury PRA Clearance Officer. 

[FR Doc. 2012–536 Filed 1–12–12; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

January 10, 2012. 

The Department of the Treasury will 

submit the following information 

collection request to the Office of 

Management and Budget (OMB) for 

review and clearance in accordance 

with the Paperwork Reduction Act of 

1995, Public Law 104–13, on or after the 

date of publication of this notice. 

DATES: Comments should be received on 

or before February 13, 2012 to be 

assured of consideration. 

ADDRESSES: Send comments regarding 

the burden estimate, or any other aspect 

of the information collection, including 

suggestion for reducing the burden, to 

(1) Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Attention: Desk Officer for 

Treasury, New Executive Office 

Building, Room 10235, Washington, DC 

20503, or email at OIRA_Submission@

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