Source: https://www.federalregister.gov/documents/2012/03/21/2012-6754/proposed-collection-comment-request-for-notice
Timestamp: 2017-09-24 14:24:51
Document Index: 736449114

Matched Legal Cases: ['§\u2009143', '§\u2009146', '§\u20093005', '§\u2009142', '§\u200942', '§\u2009142']

Federal Register :: Proposed Collection; Comment Request for Notice
Proposed Collection; Comment Request for Notice
A Notice by the Internal Revenue Service on 03/21/2012
Written comments should be received on or before May 21, 2012 to be assured of consideration.
77 FR 16587
16587 (1 page)
2012-6754
https://www.federalregister.gov/d/2012-6754 https://www.federalregister.gov/d/2012-6754
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)). The IRS is soliciting comments concerning information collection requirements related to tax exempt housing bonds and 2008 housing legislation.
Requests for additional information or copies of notice should be directed to Joel Goldberger, at (202) 927-9368, or at Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet, at Joel.P.Goldberger@irs.gov.
Title: Tax Exempt Housing Bonds and 2008 Housing Legislation.
OMB Number: 1545-2119.
Notice Number: Notice 2008-79.
Abstract: This notice provides guidance regarding certain provisions affecting tax-exempt bonds and related matters under the Housing Assistance Tax Act of 2008, Division C of Public Law No. 110-289, enacted on July 30, 2008 (“2008 Housing Act”). Section 3021 of the 2008 Housing Act amends §§ 143 and 146 of the Internal Revenue Code (“Code”) to provide a temporary $11 billion increase in the annual private activity bond volume cap under § 146 for qualified housing issues and to allow the use of qualified mortgage bonds to refinance certain subprime mortgage loans. (Except as otherwise provided, section references in this notice are to the Code.) This notice provides guidance on allocations, carryforwards, information reporting, and uses of this additional bond volume cap, and guidance on the use of qualified mortgage revenue bonds to refinance certain subprime mortgage loans. In addition, § 3005 of the 2008 Housing Act amends § 142(d)(2) of the Code to disregard basic housing allowance payments to military members at certain military bases for purposes of applicable low-income set-aside income limitations under § 42 and § 142. This notice lists certain affected military bases. Section 3023 of the 2008 Housing Act provides temporary authority to Federal Home Loan Banks to guarantee certain tax-exempt bonds. This notice provides guidance on tax-exempt bonds eligible for such guarantees.
Approved: March 8, 2012.
[FR Doc. 2012-6754 Filed 3-20-12; 8:45 am]