APPROVED WITH
THE CONDITION THAT THE REVISIONS NOT BECOME EFFECTIVE UNTIL
ENACTMENT OF THE TAX REFORM ACT. IN ADDITION, YOUR REQUESTS FOR
CONTINUED USE OF PRIOR VERSIONS OF THE FORM AND TO OMIT PRINTING
THE EXPIRATION DATE ON THE FORM ARE GRANTED.
Inventory as of this Action
Requested
Previously Approved
10/31/1989
10/31/1989
10/31/1987
541,100
0
541,100
186,803
0
184,742
0
0
0
IRC SECTION 38 PERMITS TAXPAYERS TO
REDUCE THEIR INCOME TAX LIABILITY BY THE AMOUNT OF THEIR GENERAL
BUSINESS CREDIT, WHICH IS AN AGGREGATIO OF THEIR INVESTMENT CREDIT,
JOBS CREDIT, ALCOHOL FUEL CREDIT, RESEARCH CREDIT, LOW-INCOME
HOUSING CREDIT, AND EMPLOYEE STOCK OWNERSHIP PLAN (ESOP) CREDITS.
FORM 3800 IS USED TO FIGURE THE CORRECT CREDIT.
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.