General Business Credit

Forms and Documents

Document Name	Status
Form 3800 General Business Credit Form	Modified
ombat2.doc Supplementary Document	2007-08-16
brdn_busi.pdf Justification for No Material/Nonsubstantive Change	2007-08-16
3800 SUP.doc Supporting Statement A	2007-08-16

IC Document Collections

IC ID	Document Title	Status
39869	General Business Credit Form	Modified

ICR Details

OMB Control No: 1545-0895	ICR Reference No: 200708-1545-021
Status: Historical Active	Previous ICR Reference No: 200601-1545-051
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: General Business Credit
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/20/2007
	Date Received in OIRA: 09/24/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2010	36 Months From Approved	12/31/2007
Responses	179,650	0	179,650
Time Burden (Hours)	3,131,300	0	3,785,226
Cost Burden (Dollars)	0	0	0

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Abstract: IRC section 38 permits taxpayers to reduce their income tax liability by the amount of their general business credit, which is an aggregation of their investment credit, jobs credit, alcohol fuel credit, research credit, low-income housing credit, disabled access credit, enhanced oil recovery credit, etc. Form 3800 is used to figure the correct credit.

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Authorizing Statute(s): US Code: 26 USC 38 Name of Law: General business credit
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 29038	05/23/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 52430	09/13/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
General Business Credit	3800	General Business Credit

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ICR Summary of Burden

	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	179,650	179,650	0	0	0	0
Annual Time Burden (Hours)	3,131,300	3,785,226	0	-653,926	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Forms

Short Statement: PL 110-28, sec. 8214, waives the alternative minimum tax limitation for the work opportunity credit and the credit for employer social security and Medicare taxes paid on certain employee tips, so these two credits are removed and the Line 1 elements (except for Lines 1a and 1w) are renamed accordingly. In addition to the renaming, the last four elements– u, v, w, and x – have been rearranged to comply with the ordering in IRC sec. 38.

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Annual Cost to Federal Government: $3,500

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 09/24/2007

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