FI-28-96 (Final) Arbitrage Restrictions on Tax-Exempt Bonds

ICR 201411-1545-051

OMB: 1545-1490

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2014-12-10
IC Document Collections
IC ID
Document
Title
Status
18471
Unchanged
ICR Details
1545-1490 201411-1545-051
Historical Active 201110-1545-054
TREAS/IRS Ready
FI-28-96 (Final) Arbitrage Restrictions on Tax-Exempt Bonds
Extension without change of a currently approved collection   No
Regular
Approved without change 03/25/2015
Retrieve Notice of Action (NOA) 12/29/2014
Agency will look further into the commenter's suggestion regarding strengthening recordkeeping requirements and report to OMB on this in it's next renewal of this collection .
  Inventory as of this Action Requested Previously Approved
03/31/2016 36 Months From Approved 03/31/2015
1,400 0 1,400
1,425 0 1,425
0 0 0

The recordkeeping requirements are necessary for the Service to determine that an issuer of tax-exempt bonds has not paid more than fair market value for non purpose investments under section 148 of the Internal Revenue Code.

US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
   US Code: 26 USC 148 Name of Law: Arbitrage
  
None

Not associated with rulemaking

  79 FR 60893 10/08/2014
79 FR 77084 12/23/2014
Yes

1
IC Title Form No. Form Name
FI-28-96 (Final) Arbitrage Restrictions on Tax-Exempt Bonds

  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 1,400 1,400 0 0 0 0
Annual Time Burden (Hours) 1,425 1,425 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
David White 202 622-3980

  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.
12/29/2014


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