96-11348. Proposed Collection; Comment Request for Form MSR E-665

[Federal Register Volume 61, Number 89 (Tuesday, May 7, 1996)]
[Notices]
[Pages 20552-20553]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-11348]



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DEPARTMENT OF THE TREASURY

Proposed Collection; Comment Request for Form MSR E-665

AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.

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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 MSR E-665 (formerly SWR E-665), Deduction for Depletion on Ground 
Water Used for Irrigation.

DATES: Written comments should be received on or before July 8, 1996 to 
be assured of consideration.
ADDRESSES: Direct all written comments to Garrick R. Shear, Internal 
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection should be directed to Carol 
Savage, [phone], Internal Revenue Service, room 5569, 1111 
Constitution Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:
    Title: Form MSR E-665, Deduction for Depletion on Ground Water Used 
for Irrigation.
    OMB Number: 1545-0520.
    Form Number: Form MSR E-665.
    Abstract: This form provides a standard method of computing and 
reporting water depletion deductions by taxpayers who extract ground 
water

[[Page 20553]]

from the Ogallala geological formation. The IRS uses the information to 
determine if the depletion deduction has been computed correctly.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Farms, individuals or households, and business or 
other for-profit organizations.
    Estimated Number of Respondents: 2,000.
    Estimated Time Per Respondent: 2 hours.
    Estimated Total Annual Burden Hours: 4,000 hours.
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; and (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.

    Approved: April 29, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-11348 Filed 5-6-96; 8:45 am]
BILLING CODE 4830-01-U