TD 9312 (Temp), Deduction for qualified film and television production costs (TD XXXX (final))

Forms and Documents

Document	Type	Status	Availability
Summary of Changes (3).pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2010-01-27	Available
1545-2059.pdf	Supplementary Document	Uploaded 2007-06-11	Available
REG-115403-05.pdf	Supplementary Document	Uploaded 2007-06-11	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
45942	TD 9312 (Temp), Deduction for qualified film and television production costs(TD XXXX final)		Modified

ICR Details

OMB Control No: 1545-2059	ICR Reference No: 201001-1545-027
Status: Historical Active	Previous ICR Reference No: 200706-1545-025
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: TD 9312 (Temp), Deduction for qualified film and television production costs (TD XXXX (final))
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: 05/09/2010
	Date Received in OIRA: 02/26/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2010	11/30/2010	11/30/2010
Responses	500	0	500
Time Burden (Hours)	1,600	0	1,500
Cost Burden (Dollars)	0	0	0

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Abstract: This document contains final regulations relating to deductions for the costs of producing qualified film and television productions. The final regulations apply to taxpayers who produce film and television productions. These final regulations reflect changes to the law made by the American Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005, and affect taxpayers that produce film and television productions within the United States.

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Authorizing Statute(s): US Code: 5 USC 553 Name of Law: Rule making
   US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
   US Code: 26 USC 7805 Name of Law: Rules and regulations
  

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 17227	04/06/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 39666	07/19/2007
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
TD 9312 (Temp), Deduction for qualified film and television production costs(TD XXXX final)

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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	500	500	0	0	0	0
Annual Time Burden (Hours)	1,600	1,500	0	100	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: This document contains final regulations relating to deductions for the costs of producing qualified film and television productions. The final regulations apply to taxpayers who produce film and television productions. These final regulations reflect changes to the law made by the American Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005, and affect taxpayers that produce film and television productions within the United States. We estimate that the inclusion of the collection of information in section 1.181-3(e) will increase the annual recordkeeping burden by 100 hours to 1600 hours total, and that the estimated average burden will increase by 0.2 hours to 3.2 hours.

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Annual Cost to Federal Government: $0

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: 02/26/2010

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