NOT-127895-11 (Notice 2011-XX), North Dakota Low-Income Housing Credit Relief

ICR 201107-1545-001

OMB: 1545-2213

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2011-07-06
Supporting Statement A
2011-07-06
IC Document Collections
ICR Details
1545-2213 201107-1545-001
Historical Active
TREAS/IRS ah-XXXX-001
NOT-127895-11 (Notice 2011-XX), North Dakota Low-Income Housing Credit Relief
New collection (Request for a new OMB Control Number)   No
Emergency 07/08/2011
Approved without change 07/08/2011
Retrieve Notice of Action (NOA) 07/06/2011
  Inventory as of this Action Requested Previously Approved
01/31/2012 6 Months From Approved
500 0 0
125 0 0
0 0 0

The Internal Revenue Service is suspending certain requirements under § 42 of the Internal Revenue Code for low-income housing credit projects in the United States to provide emergency housing relief needed as a result of the devastation caused by flooding in North Dakota on February 14, 2011.
The notice is effective May 10, 2011, the date of the President’s major disaster declarations as a result of the flooding in North Dakota on February 14, 2011. Displaced and homeless individuals, property owners, and the North Dakota Housing Finance Agency urgently need the guidance in this notice.

US Code: 26 USC 42 Name of Law: Low-income housing credit.
  
None

Not associated with rulemaking

No

1
IC Title Form No. Form Name
NOT-127895-11 (Notice 2011-XX), North Dakota Low-Income Housing Credit Relief

  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 0 0 500 0 0
Annual Time Burden (Hours) 125 0 0 125 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This is a new collection. This notice provides guidance to the North Dakota Housing Finance Agency regarding the suspension of certain income limitation requirements under section 42 of the Internal Revenue Code for certain low-income housing tax credit properties as a result of the devastation caused by flooding in North Dakota. This will result in a burden increase of 125 hours.

No
No
No
No
No
Uncollected
David Selig 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.
07/06/2011


© 2024 OMB.report | Privacy Policy