1545-2002_supporting_statement_(NEW2)

SUPPORTING STATEMENT

Notice 2006-25 (Superseded by Notice 2007-53)

OMB #1545-2002

1.CIRCUMSTANCES NECESSITATING COLLECTION OF INFORMATION

Notice 2006-25 established the section 48B tax credit program and we relied upon the OMB number from Notice 2006-25 regarding the information collection requirement for all notices that came afterwards.  The application process has largely remained unchanged although the amounts of credit and certain requirements to qualify for the section 48B credit have changed since 2006.

2.USE OF DATA

The information will be used by revenue agents to determine if the taxpayer is entitled to claim the qualifying gasification project credits.

3.USE OF IMPROVED INFORMATION TECHNOLOGY TO REDUCE BURDEN

IRS Publications, Regulations, Notices and Letters are to be electronically enabled on an as practicable basis in accordance with the IRS Reform and restructuring Act of 1998.

4.EFFORTS TO IDENTIFY DUPLICATION

We have attempted to eliminate duplication within the agency wherever possible.

5.METHODS TO MINIMIZE BURDEN ON SMALL BUSINESSES OR OTHER SMALL ENTITIES

There are no small entities affected by this collection.

6.CONSEQUENCES OF LESS FREQUENT COLLECTION ON FEDERAL PROGRAMS OR POLICY ACTIVITIES

If the IRS did not collect this information, the IRS would not be able to determine if the taxpayer is entitled to claim the qualifying gasification project credits, in the time and manner for a taxpayer to apply.

7.SPECIAL CIRCUMSTANCES REQUIRING DATA COLLECTION TO BE INCONSISTENT WITH GUIDELINES IN 5 CFR 1320.5(d)(2)

There are no special circumstances requiring data collection to be inconsistent with Guidelines in 5 CFR 1320.5(d)(2)

8.CONSULTATION WITH INDIVIDUALS OUTSIDE OF THE AGENCY ON AVAILABILITY OF DATA, FREQUENCY OF COLLECTION, CLARITY OF INSTRUCTIONS AND FORMS, AND DATA ELEMENTS

Periodic meetings are held between IRS personnel and representatives of the American Bar Association, the National Society of Public Accountants, the American Institute of Certified Public Accountants, and other professional groups to discuss tax law and tax forms. During these meetings, there is an opportunity for those attending to make comments regarding Notice 2006-25.

Notice 2006-25, 2001-C.B. 609 was modified, updated and superseded by

Notice 2007-53, 2007-1 C.B. 1474, which was clarified, modified and amplified by Notice 2009-23, 2009-16 I.R.B. 802, which was amplified by Notice 2014-81, 2014-53 I.R.B. 1001.

In response to the Federal Register notice dated August 27, 2015 (80 FR 52094), we received no comments during the comment period regarding Notice 2006-25.

9.EXPLANATION OF DECISION TO PROVIDE ANY PAYMENT OR GIFT TO RESPONDENTS

No payment or gift has been provided to any respondents.

10.ASSURANCE OF CONFIDENTIALITY OF RESPONSES

Generally, tax returns and tax return information are confidential as required by 26 USC 6103.

11.JUSTIFICATION OF SENSITIVE QUESTIONS

No personally identifiable information (PII) is collected.

12.ESTIMATED BURDEN OF INFORMATION COLLECTION

The collections of information are in sections 4, 5, 6, 7, and Appendix B of this notice. The burden has not changed in any of the latter notices in which the Service announced that we would allocate section 48B credits and provided the procedure to apply.

Taxpayers are required to obtain an allocation of qualifying gasification project credits to claim the qualifying gasification project credits. The information will be used to verify that a taxpayer is entitled to claim the qualifying gasification project credits. The estimated total annual burden is 1,700 hours. The estimated annual burden per respondent varies from 50 to 125 hours, depending on individual circumstances, with an estimated average of 85 hours. The estimated number of respondents is 20.

Estimates of the annualized cost to respondents for the hour burdens shown are not available at this time.

13.ESTIMATED TOTAL ANNUAL COST BURDEN TO RESPONDENTS

There are no start-up costs associated with this collection.

14.ESTIMATED ANNUALIZED COST TO THE FEDERAL GOVERNMENT

There are no known annualized costs to the federal government.

15.REASON FOR CHANGE IN BURDEN

There is no change to the paperwork burden previously approved by OMB. We are making this submission to renew the OMB approval.

16.PLANS FOR TABULATION, STATISTICAL ANALYSIS AND PUBLICATION

There are no plans for tabulation, statistical analysis and publication.

17.REASONS WHY DISPLAYING THE OMB EXPIRATION DATE IS INAPPROPRIATE

We believe that displaying the OMB expiration date is inappropriate because it could cause confusion by leading taxpayers to believe that the notice sunsets as of the expiration date. Taxpayers are not likely to be aware that the Service intends to request renewal of the OMB approval and obtain a new expiration date before the old one expires.

18.EXCEPTIONS TO THE CERTIFICATION STATEMENT

There are no exceptions to the certification statement for this collection.

Note: The following paragraph applies to all of the collections of information in this submission:

An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103.

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