EXCISE TAXES

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
127974	EXCISE TAXES Form	Migrated

ICR Details

OMB Control No: 1545-0023	ICR Reference No: 198106-1545-005
Status: Historical Active	Previous ICR Reference No: 198104-1545-023
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: EXCISE TAXES
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/22/1981
	Date Received in OIRA: 06/19/1981
Terms of Clearance: This request for clearance is approved subject to the passage of the Airport and Airway Improvement Act of 1981. If this legislation is no passed and approved, the information collection may proceed but the IR is to either overprint the form deleting the information relating to t taxes that would have been due under the Act or to otherwise clearly inform all respondents that the information relating to these activiti is not required or requested and should not be entered onto the form. In addition, the Department is to provide OMB with a revised SF83 as well as copies of the overprinted material or other instruction about not providing data that was sent to the taxpayers as a result of nonpassage of the Airport...Act as well as a revised estimate of the burden of this information collection activity because the Act did not pass. The expiration date of June 1984 need not be printed on the form provided that the Tax Year to which the form pertains is printed. The OMB inventory will show a burden of 724527 hours for this activity of which 42,547 is due to correction error and 75,000 hours is being charged to a program change (increase) which is considered to result from the Airport...Act. OMB will accept a revision of this accounting if the Department can show that the Airport...Act does not cause the increase.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/1984	06/30/1984	12/31/1981
Responses	381,200	0	364,000
Time Burden (Hours)	724,547	0	607,000
Cost Burden (Dollars)	0	0	0

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Abstract: FORM 720 IS USED TO REPORT EXCISE TAXES DUE FROM RETAILERS AND MANUFACTURERS ON THE SALE OR MANUFACTURE OF VARIOUS ARTICLES, TO REPORT TAXES ON FACILITIES AND SERVICES, AND TAXES ON CERTAIN PRODUCTS AND COMMODITIES (GASOLINE, LUBRICATING OIL, ETC.). IT ENABLES IRS TO MONITOR EXCISE TAX LIABILITY FOR VARIOUS CATEGORIES ON A SINGLE FORM, AND TO COLLECT THE TAX QUARTERLY IN COMPLIANCE WITH THE LAW AND REGULATIONS (IRC SECTION 6011).

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
EXCISE TAXES	720

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	381,200	364,000	0	10,974	6,226	0
Annual Time Burden (Hours)	724,547	607,000	0	75,000	42,547	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 06/19/1981

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