Federal Register / Vol. 61, No. 122 / Monday, June 24, 1996 / Notices 32475

functions retained by the ICCTA. This notice relates

to a proceeding that was pending with the ICC prior

to January 1, 1996, and to functions that are subject

to Board jurisdiction pursuant to 49 U.S.C. 10903.

Therefore, this notice applies the law in effect prior

to the ICCTA, and citations are to the former

sections of the statute, unless otherwise indicated.

2See Exempt. of Rail Abandonment—Offers of

Finan. Assist., 4 I.C.C.2d 164 (1987).

ACTION: Notice of exemption.

SUMMARY: The Board exempts from the

prior approval requirements of 49 U.S.C.

10903–04 the abandonment by

Southeastern International Corporation

of approximately 13.57 miles of rail line

between milepost 62.57 near Fannett

and milepost 49.00 near Stowell, in

Jefferson and Chambers Counties, TX,

subject to public use and standard labor

protective conditions.

DATES: Provided no formal expression of

intent to file an offer of financial

assistance (OFA) has been received, this

exemption will be effective on July 24,

1996. Formal expressions of intent to

file an OFA under 49 CFR

1152.27(c)(2) 2 must be filed by July 5,

1996; petitions to stay must be filed by

July 9, 1996; requests for a public use

condition conforming to 49 CFR

1152.28(a)(2) must be filed by July 15,

1996; and petitions to reopen must be

filed by July 19, 1996.

ADDRESSES: Send pleadings referring to

Docket No. AB–462 (Sub-No. 1X) to: (1)

Surface Transportation Board, Office of

the Secretary, Case Control Branch,

1201 Constitution Avenue, NW.,

Washington, DC 20423, and (2)

Petitioner’s representative: Richard H.

Streeter, Barnes & Thornburg, 1401 Eye

Street, NW., Suite 500, Washington, DC

20005.

FOR FURTHER INFORMATION CONTACT:

Beryl Gordon, (202) 927–5660. [TDD for

the hearing impaired: (202) 927–5721.]

SUPPLEMENTARY INFORMATION:

Additional information is contained in

the Board’s decision. To purchase a

copy of the full decision, write to, call,

or pick up in person from: DC News &

Data, Inc., 1201 Constitution Avenue,

NW., Room 2229, Washington, DC

20423. Telephone: (202) 289–4357/

4359. [Assistance for the hearing

impaired is available through TDD

services (202) 927–5721.]

Decided: June 6, 1996.

By the Board, Chairman Morgan, Vice

Chairman Simmons, and Commissioner

Owen.

Vernon A. Williams,

Secretary.

[FR Doc. 96–16017 Filed 6–21–96; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 1120–REIT

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

1120–REIT, U.S. Income Tax Return for

Real Estate Investment Trusts.

DATES: Written comments should be

received on or before August 23, 1996

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the form(s) and instructions

should be directed to Martha R. Brinson,

(202) 622–3869, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: U.S. Income Tax Return for Real

Estate Investment Trusts.

OMB Number: 1545–1004.

Form Number: 1120–REIT.

Abstract: Form 1120–REIT is filed by

a corporation, trust, or association

electing to be taxed as a real estate

investment trust in order to report its

income and deductions and to compute

its tax liability. IRS uses Form 1120–

REIT to determine whether the income,

deductions, credits, and tax liability

have been correctly reported.

Current Actions: On page 3 of Form

1120–REIT, Schedule J, Line 4c was

revised to remove the checkboxes for

Form 5884 (Jobs Credit) and Form 6765

(Credit for Increasing Research

Activities). The jobs credit under

Internal Revenue Code section 51 has

expired for employees who began work

after 1994. The research credit under

Code section 41 expired June 30, 1995.

There will be a write-in entry on line 4e

for qualifying credits passed through to

the REIT from 1995–1996 fiscal year

partnerships.

Type of Review: Revision of a

currently approved collection.

Affected Public: Businesses or other

for-profit organizations.

Estimated Number of Respondents:

176.

Estimated Time Per Respondent: 124

hrs. 57 min.

Estimated Total Annual Burden

Hours: 21,991.

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 7, 1996.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 96–15921 Filed 6–21–96; 8:45 am]

BILLING CODE 4830–01–U

Proposed Collection; Comment

Request For Form 1120–F

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 a

revision to Form 1120–F, U.S. Income

Tax Return of a Foreign Corporation.

DATES: Written comments should be

received on or before August 23, 1996

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue