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Federal Register / Vol. 71, No.

62 / Friday, March 31, 2006 / Notices 16415

in its products so that the manufacturer Notice and request for


ACTION: Estimated Total Annual Burden
can, in turn, notify purchasers and comments. Hours: 7,037.
correct the defect. This information also The following paragraph applies to all
SUMMARY: The Department of the of the collections of information covered
enables NHTSA to serve a foreign
manufacturer with all administrative Treasury, as part of its continuing effort by this notice:
and judicial processes, notices, orders, to reduce paperwork and respondent An agency may not conduct or
decisions and requirements. burden, invites the general public and sponsor, and a person is not required to
NHTSA recently amended the other Federal agencies to take this respond to, a collection of information
regulation implementing that statutory opportunity to comment on proposed unless the collection of information
requirement, codified at 49 CFR part and/or continuing information displays a valid OMB control number.
551, subpart B, rephrasing it in a plain collections, as required by the Books or records relating to a collection
Paperwork Reduction Act of 1995, of information must be retained as long
language, question and answer format
Public Law 104–13 (44 U.S.C. as their contents may become material
and inserting an appendix containing a
3506(c)(2)(A)). Currently, the IRS is in the administration of any internal
suggested designation form for use by
soliciting comments concerning Form revenue law. Generally, tax returns and
foreign manufacturers and their agents.
5712, Election To Be Treated as a tax return information are confidential,
The purpose of the suggested
Possessions Corporation Under Section as required by 26 U.S.C. 6103.
designation format was to simplify the
936, and Form 5712–A, Election and Request for Comments: Comments
information collection and submission
Verification of the Cost Sharing or Profit submitted in response to this notice will
process, and thereby reduce the burden
Split Method Under Section 936(h)(5). be summarized and/or included in the
imposed on each covered manufacturer
DATES: Written comments should be request for OMB approval. All
by 49 CFR part 551, subpart D. To
further streamline the information received on or before May 30, 2006 to comments will become a matter of
collection process, NHTSA has set up a be assured of consideration. public record. Comments are invited on:
customer Web site that may be accessed ADDRESSES: Direct all written comments (a) Whether the collection of
at http://www.nhtsa.dot.gov/cars/rules/ to Glenn P. Kirkland, Internal Revenue information is necessary for the proper
manufacture/agent/customer.html. Service, room 6516, 1111 Constitution performance of the functions of the
Estimated Annual Burden: 120 hours. Avenue, NW., Washington, DC 20224. agency, including whether the
Estimated Number of Respondents: FOR FURTHER INFORMATION CONTACT: information shall have practical utility;
240 respondents. Requests for additional information or (b) the accuracy of the agency’s estimate
ADDRESSES: Send comments, within 30
copies of the forms and instructions of the burden of the collection of
should be directed to Allan Hopkins, at information; (c) ways to enhance the
days, to the Office of Information and
(202) 622–6665, or at Internal Revenue quality, utility, and clarity of the
Regulatory Affairs, Office of
Service, room 6516, 1111 Constitution information to be collected; (d) ways to
Management and Budget, 725–17th
Avenue, NW., Washington, DC 20224, minimize the burden of the collection of
Street, NW., Washington, DC 20503,
or through the Internet, at information on respondents, including
Attention NHTSA Desk Officer.
Allan.M.Hopkins@irs.gov. through the use of automated collection
The Comments are invited on:
Whether the proposed collection of SUPPLEMENTARY INFORMATION: techniques or other forms of information
information is necessary for the proper Title: Election To Be Treated as a technology; and (e) estimates of capital
performance of the functions of the Possessions Corporation Under Section or start-up costs and costs of operation,
Department, including whether the 936 (Form 5712), and Election and maintenance, and purchase of services
information will have practical utility; Verification of the Cost Sharing or Profit to provide information.
the accuracy of the Department’s Split Method Under Section 936(h)(5) Approved: March 20, 2006.
estimate of the burden of the proposed (Form 5712–A). Glenn P. Kirkland,
information collection; ways to enhance B Number: 1545–0215.
IRS Reports Clearance Officer.
Form Number: Forms 5712 and 5712–
the quality, utility and clarity of the [FR Doc. E6–4669 Filed 3–30–06; 8:45 am]
A.
information to be collected; and ways to Abstract: Domestic corporations may BILLING CODE 4830–01–P
minimize the burden of the collection of elect to be treated as possessions
information on respondents, including corporations on Form 5712. This
the use of automated collection election allows the corporation to take DEPARTMENT OF THE TREASURY
techniques or other forms of information a tax credit. Possession corporations
technology. Internal Revenue Service
may elect on Form 5712–A to share
Issued on: March 28, 2006. their taxable income with their affiliates Proposed Collection; Comment
John Donaldson, under Internal Revenue Code section Request for Revenue Procedure 2002–
Assistant Chief Counsel for Legislation and 936(h)(5). These forms are used by the 67
General Law. IRS to ascertain if corporations are
[FR Doc. E6–4716 Filed 3–30–06; 8:45 am] entitled to the credit and if they may AGENCY: Internal Revenue Service (IRS),
BILLING CODE 4910–59–P share their taxable income with their Treasury.
affiliates. ACTION: Notice and request for
Current Actions: There are no changes comments.
being made to the forms at this time.
DEPARTMENT OF THE TREASURY Type of Review: Extension of a SUMMARY: The Department of the
currently approved collection. Treasury, as part of its continuing effort
dsatterwhite on PROD1PC76 with NOTICES

Internal Revenue Service to reduce paperwork and respondent


Affected Public: Business or other for-
Proposed Collection; Comment profit organizations. burden, invites the general public and
Request for Forms 5712 and 5712–A Estimated Number of Respondents: other Federal agencies to take this
1,000. opportunity to comment on proposed
AGENCY: Internal Revenue Service (IRS), Estimated Time per Respondent: 7 and/or continuing information
Treasury. hrs., 2 min. collections, as required by the

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