61932 Federal Register / Vol. 73, No. 202 / Friday, October 17, 2008 / Notices 

Treasury, Room 11000, and 1750 

Pennsylvania Avenue, NW., 

Washington, DC 20220. 

DATES: Written comments should be 

received on or before November 17, 

2008 to be assured of consideration. 

Internal Revenue Service (IRS) 

OMB Number: 1545–1793. 

Type of Review: Extension. 

Title: Rev. Proc. 2002–43, 

Determination of Substitute Agent for a 

Consolidated Group. 

Description: The information is 

needed in order for (i) A terminating 

common parent of a consolidated group 

to notify the IRS that it will terminate 

and to designate another corporation to 

be the group’s substitute agent, pursuant 

to Treas. Reg. Sec. 1.1502–77(d)(1) or 

Sec. 1.1052–77A(d); (ii) the remaining 

members of a consolidated group to 

designate a substitute agent pursuant to 

Sec. 1.1502–77A (d); (iii) the default 

substitute agent to notify the IRS that it 

is the default substitute agent pursuant 

to Sec. 1.1502–77(d)(2); or (iv) requests 

by a member of the group for the IRS to 

designate a substitute agent or replace a 

previously designated substitute agent. 

The IRS will use the information to 

determine whether to approve the 

designation (if approval is required), to 

designate a substitute agent, or to 

replace a substitute agent, and to change 

the IRS’s records to reflect the name and 

other information about the substitute 

agent. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 400 

hours. 

OMB Number: 1545–1653. 

Type of Review: Extension. 

Title: Revenue Procedure 99–26 

Secured Employee Benefits Settlement 

Initiative. 

Description: This revenue procedure 

provides taxpayers options to settle 

cases in which they accelerated 

deductions for accrued employee 

benefits secured by a letter of credit, 

bond, or other similar financial 

instrument. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 2,000 

hours. 

OMB Number: 1545–1027. 

Type of Review: Extension. 

Title: U.S. Property and Casualty 

Insurance Company Income Tax Return. 

Forms: 1120–PC. 

Description: Property and casualty 

insurance companies are required to file 

an annual return of income and pay the 

tax due. The data is used to insure that 

companies have correctly reported 

income and paid the correct tax. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

649,218 hours. 

OMB Number: 1545–0108. 

Type of Review: Extension. 

Title: Annual Summary and 

Transmittal of U.S. Information Returns. 

Forms: 1096. 

Description: Form 1096 is used to 

transmit information returns (Forms 

1099, 1098, 5498, and W–2G) to the IRS 

Service Centers. Under IRC section 6041 

and related sections, a separate Form 

1096 is used for each type of return sent 

to the service center by the payer. It is 

used by IRS to summarize and 

categorize the transmitted forms. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

1,016,812 hours. 

OMB Number: 1545–0257. 

Type of Review: Extension. 

Title: Forms 8109 and 8109–B, 

Federal Tax Deposit Coupon; and Form 

8109–C, FTD Address Change. 

Forms: 8109–B, 8109, 8109–C. 

Description: Federal Tax Deposit 

Coupons are used to deposit certain 

types of taxes at authorized depositaries. 

Coupons are sent to the IRS Centers for 

crediting to taxpayers’ accounts. Data is 

used by the IRS to make the credit and 

to verify tax deposits claimed on the 

returns. The FTD Address change is 

used to change the address on the FTD 

coupons. All taxpayers required to make 

deposits are affected. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

1,841,607 hours. 

Clearance Officer: Glenn P. Kirkland, 

(202) 622–3428, Internal Revenue 

Service, Room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

OMB Reviewer: Alexander T. Hunt, 

(202) 395–7316, Office of Management 

and Budget, Room 10235, New 

Executive Office Building, Washington, 

DC 20503. 

Celina Elphage, 

Treasury PRA Clearance Officer. 

[FR Doc. E8–24668 Filed 10–16–08; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Fiscal Service 

Notice of Rate for Use in Federal Debt 

Collection and Discount and Rebate 

Evaluation 

AGENCY: Financial Management Service, 

Fiscal Service, Treasury. 

ACTION: Notice of rate for use in Federal 

debt collection and discount and rebate 

evaluation. 

SUMMARY: Pursuant to section 11 of the 

Debt Collection Act of 1982, as 

amended, (31 U.S.C. 3717), the 

Secretary of the Treasury is responsible 

for computing and publishing the 

percentage rate to be used in assessing 

interest charges for outstanding debts 

owed to the Government. Treasury’s 

Cash Management Requirements (TFM 

Volume I, Part 6, Chapter 8000) 

prescribe use of this rate by agencies as 

a comparison point in evaluating the 

cost effectiveness of a cash discount. In 

addition, 5 CFR 13 15.8 of the Prompt 

Payment rule on ‘‘Rebates’’ requires that 

this rate be used in determining when 

agencies should pay purchase card 

invoices when the card issuer offers a 

rebate. Notice is hereby given that the 

applicable rate is 3.00 percent for 

calendar year 2009. 

DATES: The rate will be in effect for the 

period beginning on January 1, 2009, 

and ending on December 31, 2009. 

FOR FURTHER INFORMATION CONTACT: 

Inquiries should be directed to the 

Agency Enterprise Solutions Division, 

Financial Management Service, 

Department of the Treasury, 401 14th 

Street, SW., Washington, DC 20227 

(Telephone: 202–874–6650). 

SUPPLEMENTARY INFORMATION: The rate 

reflects the current value of funds to the 

Treasury for use in connection with 

Federal Cash Management systems and 

is based on investment rates set for 

purposes of Public Law 95–147, 91 Stat. 

1227. Computed each year by averaging 

Treasury Tax and Loan (TT&L) 

investment rates for the 12-month 

period ending every September 30, 

rounded to the nearest whole 

percentage, for applicability effective 

each January 1, the rate is subject to 

quarterly revisions if the annual 

average, on a moving basis, changes by 

2 percentage points. The rate in effect 

for the calendar year 2009 reflects the 

average investment rates for the 12- 

month period that ended September 30, 

2008. 

Dated: October 6, 2008. 

Sheryl R. Morrow, 

Assistant Commissioner, Federal Finance. 

[FR Doc. E8–24451 Filed 10–16–08; 8:45 am] 

BILLING CODE 4810–35–M 


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