Form 8609, Low-Income Housing Credit Allocation Certification, Form 8609-A - Annual Statement for Low-Income Housing Credit

Forms and Documents

Document Name	Status
Form 8609 Form 8609, Low-Income Housing Credit Allocation and Certification Form	Modified
Form 8609-A Form 8609-A - Annual Statement for Low-Income Housing Credit Form	New
Supporting Statement.doc Supporting Statement A	2011-08-01
ombat1.doc Supplementary Document	2008-02-26

IC Document Collections

IC ID	Document Title	Status
39925	Form 8609, Low-Income Housing Credit Allocation and Certification Form	Modified
198618	Line 11 Worksheet Other-Work Sheet	New
198616	Form 8609-A - Annual Statement for Low-Income Housing Credit Form	New

ICR Details

OMB Control No: 1545-0988	ICR Reference No: 201107-1545-012
Status: Historical Active	Previous ICR Reference No: 200802-1545-014
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Form 8609, Low-Income Housing Credit Allocation Certification, Form 8609-A - Annual Statement for Low-Income Housing Credit
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/28/2011
	Date Received in OIRA: 08/29/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2014	36 Months From Approved	10/31/2011
Responses	359,046	0	258,000
Time Burden (Hours)	4,090,332	0	3,329,400
Cost Burden (Dollars)	0	0	0

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Abstract: Owners of residential low-income rental buildings may claim a low-income housing credit for each qualified building over a 10- year credit period. Form 8609 can be used to obtain a housing credit allocation from the housing credit agency. The form, along with Schedule A, is used by the owner to certify necessary information required by the law.

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Authorizing Statute(s): US Code: 26 USC 42 Name of Law: Low-income housing credit
  

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:
	76 FR 12224	03/04/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 53025	08/24/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Form 8609, Low-Income Housing Credit Allocation and Certification	8609	Low-Income Housing Credit Allocation and Certification
Form 8609-A - Annual Statement for Low-Income Housing Credit	8609-A	Annual Statement for Low-Income Housing Credit
Line 11 Worksheet

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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	359,046	258,000	0	-18,000	119,046	0
Annual Time Burden (Hours)	4,090,332	3,329,400	0	381,155	379,777	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: Miscellaneous Actions

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

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Form 8609 can be used to obtain a housing credit allocation from the housing credit agency. Changes were made to this collection to separate out the burden associated with each form. This will increase the accuracy of reporting future burden trends relating to each separate form or worksheet. The result is an adjustment to our burden estimate by an increase in the estimated number of responses by 119,046 and an increase in the total burden by 379,777 hours. Changes have been made to the form and instructions to comply with the ending of the credit, initially made in 2006, 2007, or 2008, for the Gulf Opportunity (GO) Zone, Rita GO Zone, or Wilma GO Zone. This credit was provided as provisions of the Katrina Emergency Tax Relief Act of 2005 and the Gulf Opportunity Zone Act of 2005. The ending date for the period during which the building must be place in service has been extended to December 31, 2011. As a result of the changes made to comply with the December 31, 2011 extension, we estimate this will result in an increase in the total burden hours by 381,155. However, we estimate that the new annual responses for this credit will decrease by 18,000 from what was previously approved by OMB. The net result of the changes made to these forms is an estimated increase in the number of responses by 101,046 and an increase in the total burden by 760,932 hours.

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Annual Cost to Federal Government: $18,500

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

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: 08/29/2011

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