LR-243-81 FINAL REGULATIONS INCOME TAX, DESIGNATION OF PRINCIPAL CAMPAIGN COMMITTEE

ICR 198605-1545-001

OMB: 1545-0129

Federal Form Document

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ICR Details
1545-0129 198605-1545-001
Historical Active 198506-1545-008
TREAS/IRS
LR-243-81 FINAL REGULATIONS INCOME TAX, DESIGNATION OF PRINCIPAL CAMPAIGN COMMITTEE
Revision of a currently approved collection   No
Regular
Approved without change 05/28/1986
Retrieve Notice of Action (NOA) 05/16/1986
  Inventory as of this Action Requested Previously Approved
08/31/1988 08/31/1988 08/31/1988
5,174 0 4,000
11,431 0 10,988
0 0 0

SECTION 527(H) OF THE IRC OF 1954 PROVIDES THAT A "PRINCIPAL CAMPAIGN COMMITTEE' AS DESIGNATED BY A CANDIDATE FOR CONGRESS SHALL BE TAXED AT A RATE LOWER THAN THE HIGHEST RATE SPECIFIED IN SECTION 11(B) AND THAT REGULATIONS SHALL PRESCRIBE THE TIME AND MANNER OF THIS DESIGNATION. THESE REGULATIONS IMPLEMENT THIS MANDATE BY REQUIRING THAT A CANDIDATE FOR CONGRESS APPEND HIS DESIGNATION TO THE TAX RETURN FILED BY HIS PRINCIPAL CAMPAIGN COMMITTEE.

None
None


No

1
IC Title Form No. Form Name
LR-243-81 FINAL REGULATIONS INCOME TAX, DESIGNATION OF PRINCIPAL CAMPAIGN COMMITTEE 1120-POL

  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 5,174 4,000 0 1,174 0 0
Annual Time Burden (Hours) 11,431 10,988 0 443 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

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.
05/16/1986


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