Federal Register / Vol. 87, No. 99 / Monday, May 23, 2022 / Notices 31299 

1 15 U.S.C. 78m(a)(1). 

2 15 U.S.C. 78l(i). 

information collection requirements. 

The OCC requests only that OMB 

approve its revised burden estimates. 

The Securities and Exchange 

Commission (SEC) is required by statute 

to collect, in accordance with its 

regulations, certain information and 

documents from any firm that is 

required to register its stock with the 

SEC.1 Federal law requires the OCC to 

apply similar regulations to any national 

bank or Federal savings association 

similarly required to be registered with 

the SEC (generally those with a class of 

equity securities held by 2,000 or more 

shareholders).2

12 CFR part 11 ensures that a national 

bank or Federal savings association 

whose securities are subject to 

registration provides adequate 

information about its operations to 

current and potential shareholders and 

the public. The OCC reviews the 

information to ensure that it complies 

with Federal law and makes public all 

information required to be filed under 

the rule. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals; 

Businesses or other for-profit. 

Frequency of Response: On occasion. 

Estimated Number of Respondents: 

44. 

Estimated Total Annual Burden: 

332.02 hours. 

Comments submitted in response to 

this notice will be summarized and 

included in the submission to OMB. 

Comments are requested on: 

(a) Whether the information 

collections are necessary for the proper 

performance of the OCC’s functions, 

including whether the information has 

practical utility; 

(b) The accuracy of the OCC’s 

estimates of the burden of the 

information collections, including the 

validity of the methodology and 

assumptions used; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

information collections 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. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2022–11006 Filed 5–20–22; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Extension of Information 

Collection Request Submitted for 

Public Comment; Comment Request 

Burden Related to the Quarterly 

Federal Excise Tax Returns 

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 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. Currently, the IRS is 

soliciting comments concerning the 

burden associated with the quarterly 

federal excise tax returns. 

DATES: Written comments should be 

received on or before July 22, 2022 to be 

assured of consideration. 

ADDRESSES: Direct all written comments 

to Andre ́s Garcia, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

by email to pra.comments@irs.gov. 

Please include, ‘‘OMB Number: 1545– 

0023—Public Comment Request Notice’’ 

in the Subject line. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Ronald J. Durbala, 

at (202) 317–5746, at Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

through the internet at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Quarterly Federal Excise Tax 

Return. 

OMB Number: 1545–0023. 

Project Number: Form 720, Form 720– 

X, and Form 6627. 

Abstract: Excise taxes are taxes paid 

when purchases are made on a specific 

good, such as gasoline. 26 U.S.C. 4081 

imposes tax for miscellaneous excise 

taxes, manufacturers excise taxes, 

automotive and related items, petroleum 

products and motor and aviation fuel. 

Form 720, Quarterly Federal Excise Tax 

Return, is used to report liability by IRS 

number and to pay the excise taxes 

listed on the form. Form 720–X is used 

to make adjustments to liability reported 

on Form 720 filed in previous quarters. 

Form 6627 is used to figure the 

environmental tax on petroleum, ODCs, 

imported products that used ODCs as 

materials in the manufacture or 

production of the product, and the floor 

stocks tax on ODCs. Form 6627 is filed 

with Form 720. 

Current Actions: There is no change 

in the paperwork burden previously 

approved by OMB. These forms are 

being submitted for renewal purposes 

only. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, individuals, notfor-profit institutions, farms, and 

Federal, state, local or tribal 

governments. 

Estimated Number of Respondents: 

205,400. 

Estimated Time per Respondent: 11 

hrs., 38 min. 

Estimated Total Annual Burden 

Hours: 2,391,400. 

The following paragraph applies to all 

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 if 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. 

Desired Focus of Comments: The 

Internal Revenue Service (IRS) is 

particularly interested in comments 

that: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility. 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used. 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including using 


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31300 Federal Register / Vol. 87, No. 99 / Monday, May 23, 2022 / Notices 

appropriate automated, electronic, 

mechanical, or other technological 

collection techniques or other forms of 

information technology, e.g., by 

permitting electronic submissions of 

responses. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the ICR for OMB approval 

of the extension of the information 

collection; they will also become a 

matter of public record. 

Approved: May 18, 2022. 

Ronald J. Durbala, 

IRS Tax Analyst. 

[FR Doc. 2022–11002 Filed 5–20–22; 8:45 am] 

BILLING CODE 4830–01–P 


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