APPROVED WITH
THE UNDERSTANDING THAT IRS WILL CONSIDER THE FOLLOWING CHANGE:
PERMIT MANUFACTURERS AND IMPORTERS TO REPORT TOTAL FUEL ECONOMY TAX
ON FORM 720 QUARTERLY, BUT RETAIN DETAILED INFORMATION SUCH AS THAT
SHOWN ON FORM 6197 TO BE SUBMITTED TO IRS ON AN ANNUAL (OR MODEL
YEAR) BASIS. FORM 6197 APPEARS TO BE A WORKSHEET USED TO CALCULATE
TOTAL FUEL ECONOMY TAX.
Inventory as of this Action
Requested
Previously Approved
09/30/1982
09/30/1982
12/31/1981
600
0
500
600
0
500
0
0
0
USED AS AN ATTACHMENT TO FORM 720 TO
COMPUTE AND COLLECT TAX ON GAS GUZZLER AUTOMBILES UNDER IRC SECTION
4064. AUTO NOT MEETING CERTAIN STANDARDS ARE SUBJECT TO TAX. THE
TAX ITSELF IS REPORTED ON FORM 720 AS A LINE ITEM. IRC USES THIS
FORM TO VERIFY COMPUTATION OF TAX AND COMPLIANCE WITH REPORTING
REQUIREMENTS.
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.