Submission to OMB for Review; Comment Request

DEPARTMENT OF THE TREASURY

Submission to OMB for Review; Comment Request

June 7, 1996.

The Department of Treasury has submitted the following public

information collection requirement(s) to OMB for review and clearance

under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of

the submission(s) may be obtained by calling the Treasury Bureau

Clearance Officer listed. Comments regarding this information

collection should be addressed to the OMB reviewer listed and to the

Treasury Department Clearance Officer, Department of the Treasury, Room

2110, 1425 New York Avenue, NW., Washington, DC 20220.

Internal Revenue Service (IRS)

OMB Number: 1545-0988.

Form Number: IRS Form 8609 and Schedule A (8609).

Type of Review: Extension.

Title: Low-Income Housing Credit Allocation Certification (8609);

and Annual Statement (Schedule A).

[[Page 30284]]

Description: Owners of residential low-income rental buildings may

claim a low-income housing credit for each qualified building over a

10-year credit period. Form 8609 is used to get a credit allocation

from the housing credit agency. The form, along with Schedule A, is

used by the owner to certify necessary information required by the law.

Respondents: Business or other for-profit, Individuals or households,

State, Local or tribal government.

Estimated Number of Respondents/Recordkeepers: 120,000.

Estimated Burden Hours Per Respondent/Recordkeeper:

------------------------------------------------------------------------

Form 8609 Schedule A

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Recordkeeping............... 8 hr., 37 min....... 6 hr., 41 min.

Learning about the law or 2 hr., 17 min....... 47 min.

the form.

Preparing and sending the 2 hr., 31 min....... 56 min.

form to the IRS.

------------------------------------------------------------------------

Frequency of Response: Annually.

Estimated Total Reporting/Recordkeeping Burden: 2,447,400 hours.

Clearance Officer: Garrick Shear, (202) 622-3869, Internal Revenue

Service, Room 5571, 1111 Constitution Avenue, N.W., Washington, DC

20224.

OMB Reviewer: Milo Sunderhauf, (202) 395-7340, Office of Management

and Budget, Room 10226, New Executive Office Building, Washington, DC

20503.

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 96-15105 Filed 6-13-96; 8:45 am]

BILLING CODE 4830-01-P