30792 Federal Register / Vol. 66, No. 110 / Thursday, June 7, 2001 / Notices

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 August 6, 2001, to

be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the regulation should be

directed to Larnice Mack, (202) 622–

3179, Internal Revenue Service, room

5244, 1111 Constitution Avenue NW.,

Washington, DC 20224.

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 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 25, 2001.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 01–14394 Filed 6–6–01; 8:45 am]

BILLING CODE 4830–01–U

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,

Public Law 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 6, 2001, to

be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the regulations should be

directed to Larnice Mack, (202) 622–

3179, Internal Revenue Service, room

5244, 1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Employee Business ExpensesReporting 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