Increased Credit or Deduction Amounts for Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements
New collection (Request for a new OMB Control Number)
No
Regular
Comment filed on proposed rule
12/13/2023
08/30/2023
Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenterâs recommendation. The next submission to OMB must include the draft final rule.
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The Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) are issuing the notice of proposed rulemaking (NPRM) to set forth proposed rules for taxpayers intending to satisfy the prevailing wage and apprenticeship requirements to claim increased credit or deduction amounts under Code sections 30C, 45, 45L, 45Q, 48, 48C, and 179D. The information collected at the time of filing will be used by the IRS for validation of the increased portion of the credit or deduction amounts claimed by a taxpayer on a return. The likely respondents are individual, business, trust and estate filers, and tax exempt organizations.
This is a new collection due to the amendment of Code sections 30C, 45, 45L, 45Q, 48, 48C, and 179D and the enactment of new Code sections 45U, 45V, 45Y, 45Z, and 48E.
The proposed regulations would include reporting requirements that taxpayers provide a statement with the tax return that claims an increased credit or deduction amount that includes aggregate information as detailed in §1.45-12 and would include requirements to keep records sufficient to demonstrate that PWA requirements have been met. This requirement results in an increase in burden of 2,800 hours and 70 respondents (40 hours each).
The proposed regulations would include third-party disclosures that include notifying laborers and mechanics of the applicable prevailing wage rates as detailed in §1.45-7. The proposed regulations would also include third party disclosures for taxpayers requesting the dispatch of apprentices from a registered apprenticeship program as detailed in §1.45-8. This requirement results in an increase in burden of 140,000 hours and 70,000 respondents (40 hours each).
The total overall burden for this collection due to new statute is 142,800 hours and 70,070 respondents and responses.
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.
REG-100908-23_Supporting Statement-1545-XXXX .docx
Third-party disclosures under 1.45-7 and 1.45-8