Capital Construction Fund Agreement, Certificate Family of Forms, and Deposit/Withdrawal Report
Extension without change of a currently approved collection
No
Regular
08/13/2025
table that charts list comparision
Requested
Previously Approved
36 Months From Approved
06/30/2026
1,225
1,575
2,020
2,900
2,940
4,168
This request is for extension of a currently approved information collection. The information collection previously listed as âCCF Family of Formsâ was broken out into five separate collections in order to provide more granularity into the collection. These are not new requirements and do not change the information collected, rather they provide greater detail into the use and frequency of the information collected.
NOAA National Marine Fisheries Service (NMFS) established the Capital Construction Fund (CCF) tax deferral program to allow fishermen to more quickly save for vessel acquisition, construction, or reconstruction. The information collected by NMFS involves applying for and entering into a formal agreement to defer taxable income, enroll vessels eligible for deposits, register objectives planned under the agreement, make deposits within the regulatory limits, withdraw funds for eligible purposes, certify total costs at completion, show the current depreciable tax basis in a fishing vessel, and verify proper reduction of the tax basis. The CCF program is a tax deferral program, not a tax free benefit, and the data collection allows for the enrollment, operation, and essential tax recapture required by the program.
The number of CCF accounts has been reduced following file reviews of several regions to remove files that were inactive, expired, ineligible, etc. This has reduced the number of deposit/withdrawal reports expected per year. This review has not impacted the expected number of new enrollees per year. Nor has it impacted the expected filings of the CCF Family of Forms, which are typically filed by the active and eligible accounts. Miscellaneous costs saw increases in postage rates (+$1.88 for up to a 4-ounce package, +$0.13 for first class letters), a shift from 50/50 to 60/40 ratio of electronic to mailed responses in the form 34-82 and CCF family of forms, and a substantial reduction from the number of respondents for the annual CCF Deposit/Withdrawal Report.
$70,388
No
Yes
Yes
No
No
No
No
Brian Summers 3017132390
Reginfo record details
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.
Capital Construction Fund - Deposit/Withdrawal Report