Notice of Qualified Equity Investment for New Markets Credit

ICR 202308-1545-017

OMB: 1545-2065

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
1545-2065 202308-1545-017
Received in OIRA 202004-1545-022
TREAS/IRS
Notice of Qualified Equity Investment for New Markets Credit
Extension without change of a currently approved collection   No
Regular 10/31/2023
  Requested Previously Approved
36 Months From Approved 10/31/2023
500 500
2,715 2,715
0 0

Community Development Entities (CDEs) must provide notice to any taxpayer who acquires a qualified equity investment in the CDE at its original issue that the equity investment is a qualified equity investment entitling the taxpayer to claim the new markets credit. Form 8874-A is used to make the notification as required under Regulations section 1.45D-1(g)(2)(i)(A).

US Code: 26 USC 1. 45D Name of Law: New Markets Tax Credit
  
None

Not associated with rulemaking

  88 FR 52257 08/07/2023
88 FR 74243 10/30/2023
No

1
IC Title Form No. Form Name
Notice of Qualified Equity Investment for New Markets Credit 8874-A Notice of Qualified Equity Investment for New Markets Credit

  Total Request 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 500 500 0 0 0 0
Annual Time Burden (Hours) 2,715 2,715 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$26,175
No
    Yes
    No
No
No
No
No
Lorinda Chin 202 317-6013

  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.
10/31/2023


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