Empowerment Zone Employment Credit

Forms and Documents

Document Name	Status
Form 8884 Empowerment Zone Employment Credit Form and Instruction	Modified
2009 burden.PDF Supplementary Document	2009-02-25
Justification.pdf Justification for No Material/Nonsubstantive Change	2009-02-25
8844.SUP.doc Supporting Statement A	2006-08-01

IC Document Collections

IC ID	Document Title	Status
40762	Empowerment Zone Employment Credit Form and Instruction	Modified

ICR Details

OMB Control No: 1545-1444	ICR Reference No: 200902-1545-017
Status: Historical Active	Previous ICR Reference No: 200608-1545-007
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Empowerment Zone Employment Credit
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/18/2009
	Date Received in OIRA: 02/26/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2009	10/31/2009	10/31/2009
Responses	26,400	0	26,400
Time Burden (Hours)	237,600	0	365,904
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): US Code: 26 USC 38 Name of Law: General Business Credit.
  

Citations for New Statutory Requirements: PL: Pub.L. 110 - 289 3022 Name of Law: Housing and Economic Recovery 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
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 29217	05/19/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 47865	08/18/2006
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
Empowerment Zone Employment Credit	8884	Empowerment Zone Employment 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	26,400	26,400	0	0	0	0
Annual Time Burden (Hours)	237,600	365,904	-128,304	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: Form 8844 is used to claim the empowerment zone and renewal community employment (EZRCE) credit. As a result of P.L. 110-289, which allowed the low-income housing credit and the rehabilitation credit to be used against AMT after 2007, Form 8844 was modified. Allowable Credits have been deleted to conform to the revised Form 3800. Form 3800 is used to claim the general business credits. Form 3800 now calculates the allowable credit for all credits allowed against AMT, including the empowerment zone and renewal community employment credit. These changes result in a program change decrease of 128,304 burden hours.

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Annual Cost to Federal Government: $1,000

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)? No

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: 02/26/2009

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