Annual Performance Report and Certification for Section 1603: Payments for Specified Renewable Energy Property in Lieu of Tax Credits

ICR 201303-1505-001

OMB: 1505-0221

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2013-03-29
Supporting Statement A
2013-03-29
IC Document Collections
ICR Details
1505-0221 201303-1505-001
Historical Active 200912-1505-005
TREAS/DO
Annual Performance Report and Certification for Section 1603: Payments for Specified Renewable Energy Property in Lieu of Tax Credits
Revision of a currently approved collection   No
Regular
Approved without change 10/24/2013
Retrieve Notice of Action (NOA) 03/29/2013
  Inventory as of this Action Requested Previously Approved
10/31/2016 36 Months From Approved 10/31/2013
150,000 0 1,000
37,500 0 2,000
0 0 0

Authorized under the American Recovery and Reinvestment Act (ARRA), of 2009 (Pub. L. 111-5), the Department of the Treasury is implementing several provisions of the Act, more specifically Division B-Tax, Unemployment, Health, State Fiscal Relief, and Other Provisions. Among these components is a program which requires Treasury, in lieu of a tax credit, to reimburse persons who place in service certain specified energy properties. The collection of information is necessary to properly monitor compliance with program requirements. Applicants for Section 1603 payments commit in the Terms and Conditions that are part of the application to submitting an annual report for five years from the date the energy property is placed in service.

PL: Pub.L. 111 - 5 B Name of Law: American Recovery and Reinvestment Act of 2009
  
None

Not associated with rulemaking

  78 FR 5561 01/25/2013
78 FR 19071 03/28/2013
Yes

1
IC Title Form No. Form Name
Annual Performance Reporting and Certification of Section 1603

  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 150,000 1,000 0 0 149,000 0
Annual Time Burden (Hours) 37,500 2,000 0 35,500 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This is a revision to a currently approved collection. The application period to receive funds concluded on September 30, 2012. The information collection requirements consist of compliance reporting necessary to assess continued use of the 1603 investment. The increases in the number of respondents are due to adjustment in the number of awardees and increase in the total burden is a program change due to the amount of time to provide compliance reporting.

$60,000
No
No
Yes
No
Yes
Uncollected
Ellen Neubaur 2029279622

  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.
03/29/2013


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