[Federal Register Volume 65, Number 214 (Friday, November 3, 2000)]
[Notices]
[Pages 66300-66301]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-28217]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

October 24, 2000.
    The Department of the Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
2110, 1425 New York Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before December 4, 
2000 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0794.
    Regulations Project Number: LR-311-81 Final (TD 7925).
    Type of Review: Extension.
    Title: Penalties for Underpayment of Deposits and Overstated 
Deposit Claims, and Time for Filing Information Returns of Owners, 
Officers and Directors of Foreign Corporations.
    Description: Section 606 requires information returns with respect 
to certain foreign corporations and the

[[Page 66301]]

regulations provide the date by which these returns must be filed. 
Section 6656 provides penalties with respect to failure to properly 
satisfy tax deposit obligations and the regulations provide the method 
for applying for relief from these penalties.
    Respondents: Business or other for-profit, individuals or 
households.
    Estimated Number of Respondents: 60,000.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 30,000 hours.

    OMB Number: 1545-1098.
    Regulation Project Number: FI-91-86; FI-90-86; FI-90-91; and FI-1-
90 Final (TD 8428).
    Type of Review: Extension.
    Title: Arbitrage Restrictions on Tax-Exempt Bonds.
    Description: This regulation requires state and local governmental 
issuers of tax-exempt bonds to rebate arbitrage profits earned on non-
purpose investments acquired with the bond proceeds. Issuers are 
required to submit a form with the rebate. The regulations provide for 
several elections, all of which must be in writing.
    Respondents: State, local or Tribal Government; Not-for-profit 
institutions.
    Estimated Number of Respondents: 3,100.
    Estimated Burden Hours Per Respondent: 2 hours, 46 minutes.
    Frequency of Response: On occasion, Other (at most every 5 years).
    Estimated Total Reporting Burden: 8,550 hours.

    Clearance Officer: Garrick Shear, Internal Revenue Service, Room 
5244, 1111 Constitution Avenue, NW., Washington, DC 20224.
    OMB Reviewer: Alexander T. Hunt, (202) 395-7860, Office of 
Management and Budget, Room 10202, New Executive Office Building, 
Washington, DC 20503.

Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 00-28217 Filed 11-2-00; 8:45 am]
BILLING CODE 4830-01-U