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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