Federal Register / Vol. 63, No. 119 / Monday, June 22, 1998 / Notices 33979

1On June 4, 1998, BNSF and UP filed a petition

for exemption in STB Finance Docket No. 33612

(Sub-No. 1), The Burlington Northern and Santa Fe

Railway Company—Trackage Rights Exemption—

Union Pacific Railroad Company, wherein BNSF

and UP request that the Board permit the overhead

trackage rights arrangement described in the present

proceeding to expire on July 31, 1998. That petition

will be addressed by the Board in a separate

decision.

Estimated Burden: The estimated total

annual burden is 6,771 hours.

Comments are invited on: Whether

the proposed collections of information

are necessary for the proper

performance of the functions of the

Department, including whether the

information will have practical utility;

the accuracy of the Department’s

estimate of the burden of the proposed

information collections; ways to

enhance the quality, utility and clarity

of the information to be collected; and

ways to minimize the burden of the

collection of information on

respondents, including the use of

automated collection techniques or

other forms of information technology.

Issued in Washington, DC, on June 15,

1998.

Phillip A. Leach,

Clearance Officer, United States Department

of Transportation.

[FR Doc. 98–16509 Filed 6–19–98; 8:45 am]

BILLING CODE 4910–62–P

DEPARTMENT OF TRANSPORTATION

Office of the Secretary

Reports and Guidance Documents; Air

Carriers; Cessation of Operations

AGENCY: Office of the Secretary, DOT.

ACTION: Notice.

SUMMARY: The Department’s Office of

Aviation Analysis issues this notice to

provide guidance regarding the effect

that a cessation of operations pursuant

to a voluntary agreement with the

Federal Aviation Administration (FAA)

has upon an air carrier’s economic

authority issued pursuant to 49 U.S.C.

41102 or 41738. The notice advises U.S.

certificated and commuter air carriers

that the Department considers the

cessation of operations pursuant to such

a voluntary agreement with the FAA to

be a cessation of operations within the

meaning of 14 CFR 204.7. Therefore, the

carrier may not hold out, sell, wet lease,

provide or obtain subservice, or conduct

any other direct air transportation

operations until it has again been found

fit.

FOR FURTHER INFORMATION CONTACT:

William J. Wagner, Senior Trial

Attorney, Office of Aviation

Enforcement and Proceedings, U.S.

Department of Transportation, 400 7th

St. SW., Washington, DC 20590. Tel. No.

(202) 366–9357.

John V. Coleman,

Director, Office of Aviation Analysis.

[FR Doc. 98–16463 Filed 6–19–98; 8:45 am]

BILLING CODE 4910–62–P

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 33612]

The Burlington Northern and Santa Fe

Railway Company; Trackage Rights

Exemption; Union Pacific Railroad

Company

Union Pacific Railroad Company (UP)

has agreed to grant overhead trackage

rights to The Burlington Northern and

Santa Fe Railway Company (BNSF)

between Dallas, TX, in the vicinity of

UP’s milepost 214.6 (Dallas

Subdivision) and Tower 55, Fort Worth,

TX, in the vicinity of UP’s milepost

245.5 (Dallas Subdivision), a distance of

approximately 30.9 miles.1

The transaction was scheduled to be

consummated on June 15, 1998.

The purpose of the trackage rights is

to allow BNSF to operate over an

alternative line while BNSF’s line is

undergoing maintenance and repair.

As a condition to this exemption, any

employees affected by the trackage

rights will be protected by the

conditions imposed in Norfolk and

Western Ry. Co.—Trackage Rights—BN,

354 I.C.C. 605 (1978), as modified in

Mendocino Coast Ry., Inc.—Lease and

Operate, 360 I.C.C. 653 (1980).

This notice is filed under 49 CFR

1180.2(d)(7). If it 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 transaction.

An original and 10 copies of all

pleadings, referring to STB Finance

Docket No. 33612, must be filed with

the Surface Transportation Board, Office

of the Secretary, Case Control Unit, 1925

K Street, N.W., Washington, DC 20423–

0001. In addition, a copy of each

pleading must be served on Yolanda M.

Grimes, Esq., The Burlington Northern

and Santa Fe Railway Company, P. O.

Box 961039, Fort Worth, TX 76161–

0039.

Board decisions and notices are

available on our website at

‘‘WWW.STB.DOT.GOV.’’

Decided: June 15, 1998.

By the Board, David M. Konschnik,

Director, Office of Proceedings.

Vernon A. Williams,

Secretary.

[FR Doc. 98–16531 Filed 6–19–98; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[IA–120–86]

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, Pub.

L. 104–13 (44 U.S.C. 3506(c)(2)(A)).

Currently, the IRS is soliciting

comments concerning an existing final

regulation, IA–120–86 (TD 8584),

Capitalization of Interest (§§ 1.263A–

8(b)(2)(iii), 1.263A–9(d)(1), 1.263A–

9(e)(1), 1.263A–9(f)(1)(ii), 1.263A–

9(f)(2)(iv), 1.263A–9(g)(2)(iv)(C),

1.263A–9(e)(1) and 1.263A–9(g)(3)(iv)).

DATES: Written comments should be

received on or before August 21, 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 regulation should be

directed to Carol Savage, (202) 622–

3945, Internal Revenue Service, room

5569, 1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Capitalization of Interest.

OMB Number: 1545–1265.

Regulation Project Number: IA–120–

86.

Abstract: Internal Revenue Code

section 263A(f) requires taxpayers to

estimate the length of the production

period and total cost of tangible

personal property to determine if

interest capitalization is required. This

regulation requires taxpayers to

maintain contemporaneous written

records of production period estimates,

to file a ruling request to segregate
33980 Federal Register / Vol. 63, No. 119 / Monday, June 22, 1998 / Notices

activities in applying the interest

capitalization rules, and to request the

consent of the Commissioner to change

their methods of accounting for the

capitalization of interest.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of OMB

approval.

Affected Public: Individuals or

households, and business or other forprofit organizations.

Estimated Number of Respondents:

50.

Estimated Time Per Respondent: 2

hours.

Estimated Total Annual Burden

Hours: 100.

Estimated Number of Recordkeepers:

500,000.

Estimated Time Per Recordkeeper: 14

minutes.

Estimated Total Annual

Recordkeeping Hours: 116,667.

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: June 16, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–16412 Filed 6–19–98; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[EE–113–90]

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, Pub.

L. 104–13 (44 U.S.C. 3506(c)(2)(A)).

Currently, the IRS is soliciting

comments concerning existing final and

temporary regulations, EE–113–90 (TD

8324), Employee Business Expenses—

Reporting and Withholding on

Employee Business Expense

Reimbursements and Allowances

(§ 1.62–2).

DATES: Written comments should be

received on or before August 21, 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 regulations should be

directed to Carol Savage, (202) 622–

3945, Internal Revenue Service, room

5569, 1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Employee Business Expenses—

Reporting and Withholding on

Employee Business Expense

Reimbursements and Allowances.

OMB Number: 1545–1148.

Regulation Project Number: EE–113–

90.

Abstract: These temporary and final

regulations provide rules concerning the

taxation of, and reporting and

withholding on, payments with respect

to employee business expenses under a

reimbursement or other expense

allowance arrangement. The regulations

affect employees who receive payments

and payors who make payments under

such arrangements.

Current Actions: There is no change to

these existing regulations.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals or

households, business or other for-profit

organizations, not-for-profit institutions,

farms, and Federal, state, local or tribal

governments.

Estimated Number of Recordkeepers:

1,419,456.

Estimated Time Per Recordkeeper: 30

minutes.

Estimated Total Annual

Recordkeeping Hours: 709,728.

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: June 12, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–16413 Filed 6–19–98; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[PS–97–91; PS–101–90]

Proposed Collection; Comment

Request for Regulation Project

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice and request for

comments.