Empowerment Zone Employment Credit

ICR 200608-1545-007

OMB: 1545-1444

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2006-08-01
IC Document Collections
IC ID
Document
Title
Status
40762 Modified
ICR Details
1545-1444 200608-1545-007
Historical Active 200512-1545-039
TREAS/IRS LM-1545-1444-007
Empowerment Zone Employment Credit
Revision of a currently approved collection   No
Regular
Approved without change 10/19/2006
Retrieve Notice of Action (NOA) 08/18/2006
This form is used by individual and other taxpayers. The portion of the burden imposed on individual taxpayers is approved under OMB Control Number 1545-0074. In its next submission under this OMB Control Number, the agency is instructed to ensure that the estimate of burden associated with this Control Number includes only the burden imposed on non-individual taxpayers. If the agency finds that the current burden estimate includes burden imposed on individual taxpayers, it must immediately submit an adjustment request that eliminates this double-counting. In its next submission of this information collection, the agency is instructed to confirm that the Line of Business and Subfunction under the Federal Enterprise Architecture Business Reference Module are indicated and correct.
  Inventory as of this Action Requested Previously Approved
10/31/2009 36 Months From Approved 10/31/2006
26,400 0 26,400
365,904 0 353,232
0 0 0

Employers who hire employees who live and work in one of the 11 designated empowerment zones can receive a tax credit for the first $15,000 of wages paid to each employee. The credit is applicable from the date of designation through the year 2004.

None
None

Not associated with rulemaking

  71 FR 29217 05/19/2006
71 FR 47865 08/18/2006
No

1
IC Title Form No. Form Name
Empowerment Zone Employment Credit 8844 Empowerment Zone Employment Credit

  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 26,400 26,400 0 0 0 0
Annual Time Burden (Hours) 365,904 353,232 0 12,672 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
New line 11 and 12 were added to the form which will result in a program change increase of 12,672 hours due to the addition of 2 lines.

$1,000
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Pamela Terembes 202 622-3752

  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.
08/18/2006


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