Federal Register / Vol. 66, No. 31 / Wednesday, February 14, 2001 / Notices 10349

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the regulation should be

directed to Larnice Mack, (202) 622–

3179, Internal Revenue Service, room

5244, 1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Election, Revocation,

Termination, and Tax Effect of

Subchapter S Status.

OMB Number: 1545–1308.

Regulation Project Number: PS–260–

82.

Abstract: Section 1362 of the Internal

Revenue Code provides for the election,

termination, and tax effect of subchapter

S status. Sections 1.1362–1 through

1.1362–7 of this regulation provides the

specific procedures and requirements

necessary to implement Code section

1362, including the filing of various

elections and statements with the

Internal Revenue Service.

Current Actions: There are no changes

being made to this existing regulation.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals or

households, business or other for-profit

organizations, and farms.

Estimated Number of Respondents:

133.

Estimated Time Per Respondent: 2

hours, 25 minutes.

Estimated Total Annual Burden

Hours: 322.

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: February 8, 2001.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 01–3782 Filed 2–13–01; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 6497

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

6497, Information Return of Nontaxable

Energy Grants or Subsidized Energy

Financing.

DATES: Written comments should be

received on or before April 16, 2001 to

be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the form and instructions

should be directed to Larnice Mack,

(202) 622–3179, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Information Return of

Nontaxable Energy Grants or Subsidized

Energy Financing.

OMB Number: 1545–0232.

Form Number: Form 6497.

Abstract: Section 6050D of the

Internal Code requires an information

return to be made by any person who

administers a Federal, state, or local

program providing nontaxable grants or

subsidized energy financing. Form 6497

is used for making the information

return. The IRS uses the information

from the form to ensure that recipients

have not claimed tax credits or other

benefits with respect to the grants or

subsidized financing.

Current Actions: There are no changes

being made to the form at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organzations and federal, state,

local or tribal governments.

Estimated Number of Respondents:

250.

Estimated Time Per Respondent: 3

hours, 14 minutes.

Estimated Total Annual Burden

Hours: 810.

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: February 8, 2001.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 01–3783 Filed 2–13–01; 8:45 am]

BILLING CODE 4830–01–P