5164 Federal Register / Vol. 81, No. 20 / Monday, February 1, 2016 / Notices 

Dated: January 25, 2016. 

Robert W. Errett, 

Deputy Secretary. 

[FR Doc. 2016–01716 Filed 1–29–16; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

January 26, 2016. 

The Department of the Treasury will 

submit the following information 

collection requests to the Office of 

Management and Budget (OMB) for 

review and clearance in accordance 

with the Paperwork Reduction Act of 

1995, Public Law 104–13, on or after the 

date of publication of this notice. 

DATES: Comments should be received on 

or before March 2, 2016 to be assured 

of consideration. 

ADDRESSES: Send comments regarding 

the burden estimates, or any other 

aspect of the information collections, 

including suggestions for reducing the 

burden, to (1) Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, Attention: 

Desk Officer for Treasury, New 

Executive Office Building, Room 10235, 

Washington, DC 20503, or email at 

OIRA_Submission@OMB.EOP.gov and 

(2) Treasury PRA Clearance Officer, 

1750 Pennsylvania Ave. NW., Suite 

8117, Washington, DC 20220, or email 

at PRA@treasury.gov. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained by emailing PRA@treasury.gov, 

calling (202) 622–1295, or viewing the 

entire information collection request at 

www.reginfo.gov. 

Internal Revenue Service (IRS) 

OMB Control Number: 1545–0166. 

Type of Review: Extension of a 

currently approved collection. 

Title: Recapture of Investment Credit. 

Abstract: Form 4255 is used to figure 

the increase in tax for the recapture of 

investment credit claimed and for the 

recapture of a qualifying therapeutic 

discovery project grant. 

Affected Public: Businesses or other 

for-profits. 

Estimated Total Annual Burden 

Hours: 129,492. 

OMB Control Number: 1545–0195. 

Type of Review: Extension of a 

currently approved collection. 

Title: Election to Postpone 

Determination as to Whether the 

Presumption Applies that an activity is 

engaged in for profit. 

Abstract: Section 183 of the Internal 

Revenue Code allows taxpayers to elect 

to postpone a determination as to 

whether an activity is entered into for 

profit or is in the nature of a 

nondeductible hobby. The election is 

made on Form 5213. 

Affected Public: Businesses or other 

for-profits; Individuals. 

Estimated Total Annual Burden 

Hours: 2,762. 

OMB Control Number: 1545–1837. 

Type of Review: Extension of a 

currently approved collection. 

Title: Revenue Procedure 2003–36, 

Industry Issue Resolution Program. 

Abstract: Rev. Proc. 2003–36 

describes procedures for business 

taxpayers, industry associations, and 

other interested parties to submit issues 

for consideration under the Internal 

Revenue Service’s Industry Issue 

Resolution (IIR) Program. The objective 

of the IIR Program is to identify 

frequently disputed or burdensome tax 

issues that are common to a significant 

number of business taxpayers that may 

be resolved through published or other 

administrative guidance. 

Affected Public: Businesses or other 

for-profits. 

Estimated Average Annual Burden 

per Response: 40 hours. 

Estimated Total Annual Burden 

Hours: 2,000. 

Brenda Simms, 

Treasury PRA Clearance Officer. 

[FR Doc. 2016–01710 Filed 1–29–16; 8:45 am] 

BILLING CODE 4810–01–P 

DEPARTMENT OF THE TREASURY 

Proposed Collection; Comment 

Request 

AGENCY: Departmental Offices, 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 comment on 

an extension of an existing information 

collection, as required by the Paperwork 

Reduction Act of 1995, Public Law 104– 

13 (44 U.S.C. 3506(c)(2)(A)). Currently, 

the Office of the Fiscal Assistant 

Secretary, within the Department of the 

Treasury, is soliciting comments 

concerning grants to states for lowincome housing projects in lieu of tax 

credits. 

DATES: Written comments should be 

received on or before April 1, 2016 to 

be assured of consideration. 

ADDRESSES: Send comments regarding 

the burden estimate, or any other aspect 

of the information collection, including 

suggestions for reducing the burden, to 

Sustanchia Gladden, Department of the 

Treasury, 1500 Pennsylvania Avenue 

NW., Room 1050, Washington, DC 

20020 or to Sustanchia.Gladden@

treasury.gov. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information 

should be directed to Sustanchia 

Gladden, Department of the Treasury, 

1500 Pennsylvania Avenue NW., Room 

1050, Washington, DC 20020 or to 

Sustanchia.Gladden@treasury.gov. 

SUPPLEMENTARY INFORMATION: 

OMB Control Number: 1505–0218. 

Title: Grants to States for Low-Income 

Housing Projects in lieu of Tax Credits. 

Abstract: Authorized under the 

American Recovery and Reinvestment 

Act (ARRA) (Pub. L. 111–5), the 

Department of the Treasury 

implemented several provisions of the 

Act, more specifically Division B—Tax, 

Unemployment, Health, State Fiscal 

Relief, and Other Provisions. Among 

these components is a program which 

requires Treasury to make payments, in 

lieu of a tax credit, to state housing 

credit agencies. State housing credit 

agencies use the funds to make 

subawards to finance the construction 

or acquisition and rehabilitation of 

qualified low-income buildings. The 

collection of information from the 

agencies is necessary to properly 

monitor compliance with program 

requirements. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: State, Local, or Tribal 

Governments. 

Estimated Number of Respondents: 

55. 

Estimated Annual Hours per 

Response: 0.5 hours. 

Estimated Total Annual Burden 

Hours: 57. 

Request for Comment: Comments 

submitted in response to this notice will 

be summarized and included in the 

request for Office of Management and 

Budget approval. Comments may 

become a matter of public record. The 

public is invited to submit comments 

concerning: (a) Whether the collection 

of information is necessary for the 

proper performance of the functions of 

the agency, including whether the 

information will 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 

the use of automated collection 


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