[Federal Register Volume 78, Number 81 (Friday, April 26, 2013)]
[Notices]
[Pages 24815-24816]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-09843]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure 2012-
25
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
Revenue Procedure 2012-25, Average Area Purchase Price Safe Harbors and
Nationwide Purchase Prices under section 143.
DATES: Written comments should be received on or before June 25, 2013
to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette Lawrence, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the revenue procedure should be directed to Katherine Dean at
Internal Revenue Service, Room 6242, 1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622-3186, or through the Internet at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Average Area Purchase Price Safe Harbors and Nationwide
Purchase Prices under section 143.
OMB Number: 1545-1877.
Revenue Procedure Number: Revenue Procedure 2012-25.
Abstract: Revenue Procedure 2012-25 provides issuers of qualified
mortgage bonds, as defined in section 143(a) of the Internal Revenue
Code, and issuers of mortgage credit certificates, as defined in
section 25(c), with (1) nationwide average purchase prices for
residences located in the United States, and (2) average area purchase
price safe harbors for residences located in statistical areas in each
state, the District of Columbia, Puerto Rico, the Northern Mariana
Islands, American Samoa, the Virgin Islands, and Guam.
Current Actions: There are no changes being made to the revenue
procedure at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: State, local and tribal governments.
Estimated Number of Recordkeepers: 60.
Estimated Time per Recordkeeper: 15 minutes.
Estimated Total Annual Burden Hours: 15.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
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; (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; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
[[Page 24816]]
Approved: March 15, 2013.
Yvette Lawrence,
OMB Reports Clearance Officer.
[FR Doc. 2013-09843 Filed 4-25-13; 8:45 am]
BILLING CODE 4830-01-P