[Federal Register Volume 75, Number 161 (Friday, August 20, 2010)]
[Notices]
[Pages 51532-51533]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-20740]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8942 and Notice
2010-45
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 8942, Application for Certification of Qualified Investments
Eligible for Credits and Grants Under the Qualifying Therapeutic
Discovery Project Program and Notice 2010-45, Qualifying Therapeutic
Discovery Project Credit.
DATES: Written comments should be received on or before October 19,
2010 to be assured of consideration.
ADDRESSES: Direct all written comments to Gerald J. Shields, Internal
Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to R. Joseph
Durbala, (202) 622-3634, at Internal Revenue Service, room 6129, 1111
Constitution Avenue NW., Washington, DC 20224, or through the Internet
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Application for Certification of Qualified Investments
Eligible for Credits and Grants Under the Qualifying Therapeutic
Discovery Project Program.
OMB Number: 1545-2175.
Form Number: 8942.
Abstract: Notice 2010-45, provides the procedures under which an
eligible taxpayer may apply for certification from the Internal Revenue
Service, in consultation with the Department of Health and Human
Services (HHS), of a qualified investment with respect to a qualifying
therapeutic discovery project as eligible for a credit or grant under
the qualifying therapeutic discovery project program established by
section 9023(a) of the Patient Protection and Affordable Care Act of
2010.
Use Form 8942 to apply for; certification of qualified investments
eligible for a QTDP credit and a grant in lieu of the QTDP credit.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. This form is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 1,201.
[[Page 51533]]
Estimated Time Per Respondent: 12 Hours, 12 minutes.
Estimated Total Annual Burden Hours: 14,545.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record.
Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the functions of the agency,
including whether the information shall have practical utility; (b) the
accuracy of the agency's estimate of the burden of the collection of
information; (c) ways to enhance the quality, utility, and clarity of
the information to be collected; (d) ways to minimize the burden of the
collection of information on respondents, including through the use of
automated collection techniques or other forms of information
technology; and (e) estimates of capital or start-up costs and costs of
operation, maintenance, and purchase of services to provide
information.
Approved: August 6, 2010.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2010-20740 Filed 8-19-10; 8:45 am]
BILLING CODE 4830-01-P