Form 5735 is used to figure the
American Samoa economic development credit under section 30A. The
credit is generally allowed against income tax imposed by Chapter
1. A domestic corporation (other than an S corporation) that is an
existing credit claimant with respect to American Samoa must
complete Form 5735 for each year the American Samoa economic
development credit election is in effect.
US Code:
26
USC 30A Name of Law: Puerto Rico economic activity credit
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.