[Federal Register Volume 79, Number 181 (Thursday, September 18, 2014)]
[Notices]
[Page 56119]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-22305]


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DEPARTMENT OF TRANSPORTATION

Maritime Administration

[Docket No. DOT-MARAD 2014-0123]


Agency Requests for Renewal of a Previously Approved Information 
Collection(s): Application for Construction Reserve Fund and Annual 
Statements (CRF)

AGENCY: Maritime Administration, DOT.

ACTION: Notice and request for comments.

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SUMMARY: The Maritime Administration (MARAD) invites public comments 
about our intention to request the Office of Management and Budget 
(OMB) approval to renew an information collection. The collection 
consists of an application required for all citizens who own or operate 
vessels in the U.S. foreign or domestic commerce and desire tax 
benefits under the Construction Reserve Fund (CRF) program. The annual 
statement sets forth a detailed analysis of the status of the CRF when 
each income tax return is filed. The information to be collected is 
required in order for MARAD to determine whether the applicant is 
qualified for the benefits of the CRF program. We are required to 
publish this notice in the Federal Register by the Paperwork Reduction 
Act of 1995.

DATES: Written comments should be submitted by November 17, 2014.

ADDRESSES: You may submit comments [identified by Docket No. DOT-MARAD-
2014-0123] through one of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the online instructions for submitting comments.
     Fax: 1-202-493-2251.
     Mail or Hand Delivery: Docket Management Facility, U.S. 
Department of Transportation, 1200 New Jersey Avenue SE., West 
Building, Room W12-140, Washington, DC 20590, between 9 a.m. and 5 
p.m., Monday through Friday, except on Federal holidays.

FOR FURTHER INFORMATION CONTACT: Daniel Ladd, 202-366-1859, Office of 
Financial Approvals, Maritime Administration, U.S. Department of 
Transportation, 1200 New Jersey Avenue SE., Washington, DC 20590.

SUPPLEMENTARY INFORMATION: 
    OMB Control Number: 2133-0032.
    Title: Application for Construction Reserve Fund (CRF) and Annual 
Statements.
    Form Numbers: N/A.
    Type of Review: Renewal of an information collection.
    Background: The Construction Reserve Fund (CRF), authorized by 46 
U.S.C. Chapter 533, is a financial assistance program which provides 
tax deferral benefits to U.S.-flag operators. Eligible parties can 
defer the gain attributable to the sale or loss of a vessel, provided 
the proceeds are used to expand or modernize the U.S. merchant fleet. 
The primary purpose of the CRF is to promote the construction, 
reconstruction, reconditioning, or acquisition of merchant vessels 
which are necessary for national defense and to the development of U.S. 
commerce.
    Respondents: Owners or operators of vessels in the domestic or 
foreign commerce.
    Number of Respondents: 17.
    Frequency: Annually.
    Number of Responses: 17.
    Total Annual Burden: 153 hours/9 hours per respondent.
    Public Comments Invited: You are asked to comment on any aspect of 
this information collection, including (a) whether the proposed 
collection of information is necessary for the Department's 
performance; (b) the accuracy of the estimated burden; (c) ways for the 
Department to enhance the quality, utility and clarity of the 
information collection; and (d) ways that the burden could be minimized 
without reducing the quality of the collected information. The agency 
will summarize and/or include your comments in the request for OMB's 
clearance of this information collection.
    Privacy Act: Anyone is able to search the electronic form of all 
comments received into any of our dockets by the name of the individual 
submitting the comment (or signing the comment, if submitted on behalf 
of an association, business, labor union, etc.). You may review DOT's 
complete Privacy Act Statement in the Federal Register published on 
April 11, 2000 (Volume 65, Number 70; Pages 19477-78) or you may visit 
www.regulations.gov.

    Authority:  The Paperwork Reduction Act of 1995; 44 U.S.C. 
Chapter 35, as amended; and 49 CFR 1.93.

     Dated: September 8, 2014.
Julie P. Agarwal,
Secretary, Maritime Administration.
[FR Doc. 2014-22305 Filed 9-17-14; 8:45 am]
BILLING CODE 4910-81-P