Terminal Operator Report

ICR 201612-1545-022

OMB: 1545-1734

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2016-12-12
IC Document Collections
IC ID
Document
Title
Status
19252 Modified
ICR Details
1545-1734 201612-1545-022
Historical Active 201308-1545-072
TREAS/IRS
Terminal Operator Report
Extension without change of a currently approved collection   No
Regular
Approved without change 03/03/2017
Retrieve Notice of Action (NOA) 12/19/2016
  Inventory as of this Action Requested Previously Approved
03/31/2020 36 Months From Approved 03/31/2017
504,000 0 504,000
2,347,020 0 2,347,020
0 0 0

Representatives of the motor fuel industry, state governments, and the Federal government are working to ensure compliance with excise taxes on motor fuels. This joint effort has resulted in a system to track the movement of all products to and from terminals. Form 720-TO is an information return that will be used by terminal operators to report their monthly receipts and disbursements of products.

US Code: 26 USC 4101 Name of Law: Miscellaneous Excise Taxes
  
None

Not associated with rulemaking

  81 FR 66746 09/28/2016
81 FR 92002 12/19/2016
No

1
IC Title Form No. Form Name
Terminal Operator Report 720-TO Terminal Operator Report

  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 504,000 504,000 0 0 0 0
Annual Time Burden (Hours) 2,347,020 2,347,020 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$835
No
No
No
No
No
Uncollected
Carl Tenny 202 283-2637

  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.
12/19/2016


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