Quarterly Federal Excise Tax Return

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 6627 Form 6627- Environmental Taxes	Form	Modified	Repair queued
Form 720-X Form 720-X - Amended Quarterly Federal Excise Tax Return	Form	Unchanged	Repair queued
Form 720 Form 720 - Quarterly Federal Excise Tax	Form	Modified	Missing upstream
Supporting Statement 1545-0023-NPRM.docx	Supporting Statement A	Uploaded 2023-10-02	Missing upstream

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
254805	Form 6627- Environmental Taxes	Form	Modified
254804	Form 720-X - Amended Quarterly Federal Excise Tax Return	Form	Unchanged
194180	Form 720 - Quarterly Federal Excise Tax	Form	Modified

ICR Details

OMB Control No: 1545-0023	ICR Reference No: 202309-1545-016
Status: Received in OIRA	Previous ICR Reference No: 202207-1545-013
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Quarterly Federal Excise Tax Return
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 10/02/2023

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved	07/31/2026
Responses	205,400	205,400
Time Burden (Hours)	2,391,400	2,391,400
Cost Burden (Dollars)	0	0

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Abstract: Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. One of the major components of the excise program is motor fuel. 26 USC 4081 imposes tax for miscellaneous excise taxes, manufacturers excise taxes, automotive and related items, petroleum products and motor and aviation fuel. The information supplied on Form 720 is used by the IRS to determine the correct tax liability. Additionally, the data is reported by the IRS to Treasury so that funds may be transferred from the general revenue funds to the appropriate trust funds.

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Authorizing Statute(s): US Code: 26 USC 4461 Name of Law: Imposition of tax
   US Code: 26 USC 4681 Name of Law: Imposition of tax
   US Code: 26 USC 4682 Name of Law: Definitions and special rules
   US Code: 26 USC 4081 Name of Law: Imposition of tax
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1545-BQ93	Proposed rulemaking	88 FR 67690	10/02/2023

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

table that charts list of burden

IC Title	Form No.	Form Name
Form 6627- Environmental Taxes	6627	Environmental Taxes
Form 720 - Quarterly Federal Excise Tax	720	Quarterly Federal Excise Tax
Form 720-X - Amended Quarterly Federal Excise Tax Return	720-X	Amended Quarterly Federal Excise Tax Return

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ICR Summary of Burden

table that charts list of burden

	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	205,400	205,400	0	0	0	0
Annual Time Burden (Hours)	2,391,400	2,391,400	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $311,800

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Yes

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 10/02/2023

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