Submission to OMB for Review; Comment Request

DEPARTMENT OF THE TREASURY

Submission to OMB for Review; Comment Request

April 1, 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 1980, Public Law 96-511. 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: 1545-0723.

Regulation ID Number: LR-115-72 Final.

Type of Review: Extension.

Title: Manufacturer's Excise Taxes on Sporting Goods and Firearms

and Other Administrative Provisions of Special Application to

Manufacturers and Retailers Excise Taxes; Reporting and Recordkeeping

Requirements.

Description: Chapters 31 and 32 of the Internal Revenue Code impose

excise taxes on the sale or use of certain articles. Section 6416

allows a credit or refund of the tax to manufacturers in certain cases.

Section 6420, 6421, and 6427 allow credits or refunds of the tax to

certain users of the articles.

Respondents: Business or other for-profit, Individuals or

households, Not-for profit institutions, Farms, State, Local or Tribal

Government.

Estimated Number of Respondents/Recordkeepers: 1,500,000.

Estimated Burden Hours Per Respondent/Recordkeeper: 15 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting/Recordkeeping Burden: 475,000 hours.

OMB Number: 1545-1269.

Regulation ID Number: PS-7-90 Final.

Type of Review: Extension.

Title: Nuclear Decommissioning Fund Qualification Requirements.

Description: If a taxpayer requests, in connection with a request

for a schedule of ruling amounts, a ruling as to the classification of

certain unincorporated organizations, the taxpayer is required to

submit a copy of the documents establishing or governing the

organization.

Respondents: Business or other for-profit.

Estimated Number of Respondents: 50.

Estimated Burden Hours Per Respondent: 3 hours.

Frequency of Response: On occasion.

Estimated Total Reporting Burden: 150 hours.

OMB Number: 1545-1381.

Regulation ID Number: CO-49-88 Final.

Type of Review: Extension.

Title: Limitations on Corporate Net Operating Loss.

Description: This regulation provides rules for the allocation of a

loss corporation's taxable income or net operating loss between the

periods before and after an ownership changed under section 382 of the

Internal Revenue Code, including an election to make the allocation

based on a closing of the books as of the change date.

Respondents: Business or other for-profit.

Estimated Number of Respondents: 2,000.

Estimated Burden Hours Per Respondent: 6 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden: 200 hours.

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

Service, Room 5571, 1111 Constitution Avenue, NW., 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. 96-8853 Filed 4-10-96; 8:45 am]

BILLING CODE 4830-01-P