34738 Federal Register / Vol. 66, No. 126 / Friday, June 29, 2001 / Notices

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the form and instructions

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5242, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION: Title: U.S.

Income Tax Return for Regulated

Investment Companies.

OMB Number: 1545–1010.

Form Number: 1120–RIC.

Abstract: Internal Revenue Code

sections 851 through 855 provide rules

for the taxation of a domestic

corporation that meets certain

requirements and elects to be taxed as

a regulated investment company. Form

1120–RIC is filed by a domestic

corporation making such an election in

order to report its income and

deductions and to compute its tax

liability. The IRS uses the information

on Form 1120–RIC to determine

whether the corporation’s income,

deductions, credits, and tax have been

correctly reported.

Current Actions: There are no changes

being made to the form at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

3,277.

Estimated Time Per Respondent: 113

hours, 43 minutes.

Estimated Total Annual Burden

Hours: 372,660.

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 21, 2001.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 01–16408 Filed 6–28–01; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 3800

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 Form

3800, General Business Credit.

DATES: Written comments should be

received on or before August 28, 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 form and instructions

should be directed to Allan Hopkins,

(202) 622–6665, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION: Title:

General Business Credit.

OMB Number: 1545–0895.

Form Number: 3800.

Abstract: Internal Revenue Code

section 38 permits taxpayers to reduce

their income tax liability by the amount

of their general business credit, which is

an aggregation of their investment

credit, work opportunity credit, welfareto-work credit, alcohol fuel credit,

research credit, low-income housing

credit, disabled access credit, enhanced

oil recovery credit, etc. Form 3800 is

used to figure the correct credit.

Current Actions: A new line has been

added to Form 3800 for the new markets

tax credit.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations, farms and

individuals.

Estimated Number of Respondents:

272,197.

Estimated Time Per Respondent: 20

hrs., 16 min.

Estimated Total Annual Burden

Hours: 5,514,712.

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 22, 2001.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 01–16407 Filed 6–28–01; 8:45 am]

BILLING CODE 4830–01–P