LOW-INCOME HOUSING CREDIT

ICR 199112-1545-009

OMB: 1545-0984

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
170672 Migrated
ICR Details
1545-0984 199112-1545-009
Historical Active 198909-1545-003
TREAS/IRS
LOW-INCOME HOUSING CREDIT
No material or nonsubstantive change to a currently approved collection   No
Emergency 12/10/1991
Approved with change 12/10/1991
Retrieve Notice of Action (NOA) 12/10/1991
  Inventory as of this Action Requested Previously Approved
11/30/1992 11/30/1992 11/30/1992
50,000 0 50,000
578,000 0 574,500
0 0 0

THE TAX REFORM ACT OF 1986 (CODE SEC. 42) PERMITS OWNERS OF RESIDENTIA RENTAL PROJECTS PROVIDING LOW-INCOME HOUSING TO CLAIM A CREDIT AGAINST INCOME TAX FOR PART OF THE COST OF CONSTRUCTING OR REHABILITATING SUCH LOW-INCOME HOUSING. FORM 8586 IS USED BY TAXPAYERS TO COMPUTE THE CRED AND BY IRS TO VERIFY THAT THE CORRECT CREDIT HAS BEEN CLAIMED.

None
None


No

1
IC Title Form No. Form Name
LOW-INCOME HOUSING CREDIT 8586

  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 50,000 50,000 0 0 0 0
Annual Time Burden (Hours) 578,000 574,500 0 3,500 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.
12/10/1991


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