98-8475. Submission to OMB for Review; Comment Request

[Federal Register Volume 63, Number 62 (Wednesday, April 1, 1998)]
[Notices]
[Pages 15911-15912]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-8475]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

March 24, 1998.
    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, Pub. L. 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.

DATES: Written comments should be received on or before May 1, 1998 to 
be assured of consideration.
    Internal Revenue Service (IRS)
    OMB Number: 1545-0057.
    Form Number: IRS Form 1024.
    Type of Review: Extension.
    Title: Application for Recognition of Exemption Under Section 
501(a).
    Description: Organizations seeking exemption from Federal income 
tax under section 501(a) as an organization described in most 
paragraphs of section 501(c) must apply to IRS for a ruling letter. The 
information collected is used to determine whether the organization 
qualities for exempt status.
    Respondents: Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 4,718.
    Estimated Burden Hours Per Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                                            Learning about the    Preparing and sending the form
               Form                     Recordkeeping         law or the form               to the IRS          
----------------------------------------------------------------------------------------------------------------
1024, Parts I-III.................  52 hr., 51 min.......  2 hr., 17 min.......  3 hr., 14 min.                 
Part IV...........................  1 hr., 40 min........  47 min..............  52 min.                        
Schedule A........................  2 hr., 52 min........  18 min..............  21 min.                        
Schedule B........................  1 hr., 40 min........  18 min..............  20 min.                        
Schedule C........................  58 min...............  12 min..............  13 min.                        
Schedule D........................  4 hr., 4 min.........  18 min..............  22 min.                        
Schedule E........................  1 hr., 40 min........  18 min..............  20 min.                        
Schedule F........................  2 hr., 23 min........  6 min...............  8 min.                         
Schedule G........................  1 hr., 55 min........  6 min...............  8 min.                         
Schedule H........................  1 hr., 40 min........  6 min...............  8 min.                         
Schedule I........................  5 hr., 30 min........  30 min..............  37 min.                        
Schedule J........................  2 hr., 23 min........  6 min...............  8 min.                         
Schedule K........................  3 hr., 21 min........  6 min...............  10 min.                        
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    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 219,350 hours.
    OMB Number: 1545-0720.
    Form Number: IRS Forms 8038, 8038-G and 8038-GC.
    Type of Review: Extension.
    Title: 1. Information Return for Tax-Exempt Private Activity Bond 
Issues (8038);
    2. Information Return for Tax-Exempt Governmental Obligations 
(8038-G); and

[[Page 15912]]

    3. Information Return for Small Tax-Exempt Government Bond Issues, 
Leases and Installment Sales (Form 8038-GC).
    Description: Forms 8038, 8038-G, and 8039-GC collect the 
information that IRS is required to collect by Code section 149(e). IRS 
uses the information to assure that tax-exempt bonds are issued 
consistent with the rules of Internal Revenue Code (IRC) sections 141-
149.
    Respondents: Not-for-profit institutions, State, Local or Tribal 
Government.
    Estimated Number of Respondents: 14,500.
    Estimated Burden Hours per Respondent:

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                                      Learning about the                             Copying, assembling, and   
               Form                    law or the form      Preparing the form     sending the form to the IRS  
----------------------------------------------------------------------------------------------------------------
8038..............................  2 hr., 35 min........  2 hr., 41 min.......  16 min.                        
8038-G............................  6 hr., 2 min.........  7 hr., 37 min.......  16 min.                        
8038-GC...........................  1 hr., 51 min........  2 hr., 56 min.......  16 min.                        
----------------------------------------------------------------------------------------------------------------

    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 1,000 hours.
    Clearance Officer: Garrick Shear [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.
    OMB Reviewer: Alexander T. Hunt [phone], Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 98-8475 Filed 3-31-98; 8:45 am]
BILLING CODE 4830-01-P