[Federal Register Volume 62, Number 171 (Thursday, September 4, 1997)]
[Notices]
[Pages 46714-46715]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-23419]
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DEPARTMENT OF COMMERCE
National Oceanic and Atmospheric Administration
Fisheries Capital Construction Fund Agreement, Application, and
Certificate of Construction/Reconstruction
ACTION: Proposed collection; comment request.
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SUMMARY: The Department of Commerce, 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)).
DATES: Written comments must be submitted on or before November 3,
1997.
ADDRESSES: Direct all written comments to Linda Engelmeier,
Departmental Forms Clearance Officer, Department of Commerce, Room
5327, 14th and Constitution Avenue, NW, Washington DC 20230.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the information collection instrument(s) and instructions
should be directed to Charles L. Cooper, Financial Services Division,
Office of Sustainable Fisheries, National Marine Fisheries Service,
1315 East West Highway, Silver Spring, Maryland 20910, (301) 713-2396.
SUPPLEMENTARY INFORMATION:
I. Abstract
Respondents will be commercial fishing industry individuals,
partnerships, or corporations which want to enter into Capital
Construction Fund agreements with the Secretary of Commerce allowing
deferral of Federal taxation on fishing vessel income deposited into
the fund for use in the acquisition, construction, or reconstruction of
fishing vessels. Deferred taxes are recaptured by reducing an agreement
vessel's basis for depreciation by the amount withdrawn from the fund
for its acquisition, construction, or reconstruction. The
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information collected from applicants on these forms is used to
determine their eligibility to participate in the Capital Construction
Fund Program pursuant to 50 CFR Part 259.
II. Method of Collection
The collection of information will be collected on Fishing Vessel
CCF Application, the Interim Capital Construction Fund Agreement, and
the Certificate of Construction/Reconstruction.
III. Data
OMB Number: 0648-0090.
Form Number: NOAA Form 88-14.
Type of Review: Regular Submission.
Affected Public: Businesses and other for profit organizations--
commercial fishermen, partnerships, and corporations with Capital
Construction Fund agreements.
Estimated Number of Respondents: 1,000.
Estimated Time Per Response: 2.25 hours.
Estimated Total Annual Burden Hours: 2,250.
Estimated Total Annual Cost to Public: No capital, operations, or
maintenance costs are expected.
IV. Request for Comments
Comments are invited on: (a) Whether the proposed 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
(including hours and cost) of the proposed 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.
Comments submitted in response to this notice will be summarized
and/or included in the request for OMB approval of this information
collection; they also will become a matter of public record.
Dated: August 26, 1997.
Linda Engelmeier,
Acting Departmental Forms Clearance Officer, Office of Management and
Organization.
[FR Doc. 97-23419 Filed 9-3-97; 8:45 am]
BILLING CODE 3510-22-P
