REG-106012-98 (Final) Definition of Contribution in Aid of Construction under Section 118(c)

ICR 200711-1545-022

OMB: 1545-1639

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2007-11-21
IC Document Collections
ICR Details
1545-1639 200711-1545-022
Historical Active 200411-1545-003
TREAS/IRS ah-1639-022
REG-106012-98 (Final) Definition of Contribution in Aid of Construction under Section 118(c)
Extension without change of a currently approved collection   No
Regular
Approved without change 02/01/2008
Retrieve Notice of Action (NOA) 12/13/2007
  Inventory as of this Action Requested Previously Approved
02/28/2011 36 Months From Approved 01/31/2008
300 0 300
300 0 300
0 0 0

The regulations provide guidance with respect to Sec. 118(c), which provides that a contribution in aid of construction received by a regulated public water or sewage utility is treated as a contribution to the capital of the utility and excluded from gross income.

US Code: 26 USC 118(c) Name of Law: Special rules for water and sewage disposed utilities.
  
None

Not associated with rulemaking

  72 FR 50458 08/31/2007
72 FR 70933 12/13/2007
No

1
IC Title Form No. Form Name
REG-106012-98 (Final) Definition of Contribution in Aid of Construction under Section 118(c)

  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 300 300 0 0 0 0
Annual Time Burden (Hours) 300 300 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Paul Handleman 202 622-3040

  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.
12/13/2007


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