Approved. We
have acted on this clearance to facilitate preparations for
inclusion of this form in Package X. As for prior submissions, we
will act favorably on a request to allow the expiration date to be
omitted. However, the Department should submit an Inventory
Correctio Worksheet to OMB for this purpose. Also, the Department
should send OMB better documentation showing how item 4 of the
resubmission O/A October 31, 1989 will reduce burden through the
elimination of lists o specific projects.
Inventory as of this Action
Requested
Previously Approved
11/30/1992
11/30/1992
10/31/1990
360,000
0
600,000
13,341,600
0
25,632,000
0
0
0
TAXPAYERS ARE ALLOWED A CREDIT AGAINST
THEIR INCOME TAX FOR INVESTMENT IN CERTAIN PROPERTY USED IN THEIR
TRADE OR BUSINESS. FORM 3468 IS USED TO COMPUTE THIS INVESTMENT TAX
CREDIT. THE INFORMATION COLLECTED IS USED BY THE IRS TO VERIFY THAT
THE CREDIT HAS BEEN COMPUTED CORRECTLY.
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.