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###### Department of the Treasury

###### Internal Revenue Service

# AGENCY:

Internal Revenue Service (IRS), Treasury.

# ACTION:

Notice and request for comments.

# SUMMARY:

The Internal Revenue Service, 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 continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning commercial revitalization deduction.

# DATES:

Written comments should be received on or before July 1, 2022 to be assured of consideration.

# ADDRESSES:

                        Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224 or by email to                         *omb.unit@irs.gov.*                         Please include the “OMB Number 1545-1818” in the Subject line.                    

# FOR FURTHER INFORMATION CONTACT:

                        Requests for additional information or copies of the form should be directed to Sara Covington, at (202) 317-5744 or Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at                         *Sara.L.Covington@irs.gov.*

# SUPPLEMENTARY INFORMATION:

*Title:*                     Commercial Revitalization Deduction.                

*OMB Number:*                     1545-1818.                

*Revenue Procedure Number:*                     2003-38.                

*Abstract:*                     Pursuant to § 1400I of the Internal Revenue Code, Revenue Procedure 2003-38 provides the time and manner for states to make allocations of commercial revitalization expenditures to a new or substantially rehabilitated building that is placed in service in a renewal community.                

*Current Actions:*                     There are no changes to the revenue procedure at this time.                

*Type of Review:*                     Extension of a currently approved collection.                

*Affected Public:*                     State, local and tribal governments, and business or other for-profit organizations.                

*Estimated Number of Respondents:*                     80.                

*Estimated Time per Respondent:*                     2 hours, 30 minutes.                

*Estimated Total Annual Burden Hours:*                     200.                

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: April 27, 2022.

Sara L. Covington,

IRS Tax Analyst.

[FR Doc. 2022-09342 Filed 4-29-22; 8:45 am]

BILLING CODE 4830-01-P