Withdrawn and
continued. The clearance request for the natural resources
recapture regulations (PS-276-76 Final) have been withdrawn because
the proposed regulations have not been published. The Department
should notify us when these regulations (without change) are about
to be sent to the Federal Register for publication so that we can
reenter them for clearance of the information collections. Note
that a clear explanation of the burden will be required. The record
is not clear concerning the burden for the collections in the
preamble section dealing with the Paperwork Reduction Act an
estimate of the total burden hours attributable to the collections
contained in these regulations. Also, the Department should provide
a statement for the clearance file to explain the additional burden
adde by these regulations or, if the collections are unchanged from
those approved previously in this and other dockets, a statement
that the information collections contained in these regulations are
unchanged i any way from those approved currently in OMB docket
number 1545-0074 and reference other applicable OMB dockets.
Inventory as of this Action
Requested
Previously Approved
09/30/1991
09/30/1991
09/30/1991
185,944,290
0
185,944,290
297,014,128
0
297,014,128
0
0
0
THE REGULATIONS PRESCRIBE RULES TO
DETERMINE THE TAX TREATMENT OF GAIN FROM THE DISPOSITION OF NATURAL
RESOURCE RECAPTURE PROPERTY. GAIN THAT IS SUBJECT TO RECAPTURE
GENERALLY AND TREATED AS ORDINARY GAIN UPON A DISPOSITION OF SUCH
PROPERTY IS THE AMOUNT OF INTANGIBLE DRILLING AND DEVELOPMENT COSTS
AND DEPLETION THAT HAS BEEN DEDUCTED WITH RESPECT TO SUCH
PROPERTY.
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.