REPORTING REQUIREMENT IS CONTAINED IN
SECS. 167(M) AND 263(E) OF THE INTERNAL REVENUE CODE WHICH IS
RESPONSIBLE FOR MONITORING AND RECOMMENDING CHANGES TO THE CLASS
LIFE ASSET DEPRECIATION RANGE (CLADR) SYSTEM OF TAX DEPRECIATION,
TO PROVIDE TAXPAYERS AND THE GOVERNMENT WITH TIMELY AND UP-TO-DATE
ASSET CLASSES, FORCASTS OF USEFUL ECONOMIC LIVES FOR SUCH CLASSES
AND REPAIR ALLOWANCE AS PART OF THE ADR SYSTEM
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.