Form 8931, Agricultural Chemicals Security Credit

Forms and Documents

Document Name	Status
Form 8931 Form 8931, Agricultural Chemicals Security Credit Form and Instruction	New
Pages from PL 110-246.pdf Supplementary Document	2008-09-19
SUPPORTING STATEMENT.doc Supporting Statement A	2008-09-19
Expiration Explanation.rtf Supplementary Document	2008-09-18
8931 burden.PDF Supplementary Document	2008-09-18

IC Document Collections

IC ID	Document Title	Status
186651	Form 8931, Agricultural Chemicals Security Credit Form and Instruction	New

ICR Details

OMB Control No: 1545-2122	ICR Reference No: 200809-1545-013
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/IRS	Agency Tracking No: ah-XXXX-013
Title: Form 8931, Agricultural Chemicals Security Credit
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 09/23/2008
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/23/2008
	Date Received in OIRA: 09/19/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2009	6 Months From Approved
Responses	66,666	0	0
Time Burden (Hours)	311,330	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This is a new form for tax year 2008 in response to P.L. 110-246 Sec. 15343. To allow taxpayers to calculate credits against income tax allowed by new provisions in law.

Emergency Justfication: An industry group has indicated that there is a need for some form to be available for FY 2007 taxpayers, who will claim credits based on expenditures after May 22, 2008. A continuous use form has been drafted and is attached. To allow for FY 2007 filers, a release of the form before the end of September, 2008 is required.

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Authorizing Statute(s): PL: Pub.L. 110 - 246 15343 Name of Law: Food, Conservation, and Energy Act of 2008
  

Citations for New Statutory Requirements: PL: Pub.L. 110 - 246 15343 Name of Law: Food, Conservation, and Energy Act of 2008

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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

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
Form 8931, Agricultural Chemicals Security Credit	8931	Agricultural Chemicals Security 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	66,666	0	66,666	0	0	0
Annual Time Burden (Hours)	311,330	0	311,330	0	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: No

Burden Reduction Due to:

Short Statement: This is a new collection.

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Annual Cost to Federal Government: $7,500

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: 09/19/2008

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