[Federal Register Volume 60, Number 108 (Tuesday, June 6, 1995)] [Notices] [Page 29908] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 95-13799] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Public Information Collection Requirements Submitted to OMB for Review May 26, 1995. 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 1980, Public Law 96-511. 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. Internal Revenue Service (IRS) OMB Number: 1545-0782 Regulation ID Number: LR-7 Final (T.D. 6629) Type of Review: Extension Title: Limitation on Reduction in Income Tax Liability Incurred to the Virgin Islands Description: The Tax Reform Act of 1986 repealed the mandatory reporting and recordkeeping requirements of section 934(d) (1954 Code). The prior exception to the general rule of section 934 (1954 Code) to prevent the Government of the Virgin Islands from granting tax rebates with regard to taxes attributable to income derived from sources within the U.S. was contingent upon the taxpayers' compliance with the reporting requirement of section 934(d). The changes imposed by the Tax Reform Act of 1986 should reduce the number of responses to approximately 500. Respondents: Individuals or households, Business or other for-profit Estimated Number of Respondents/Recordkeepers: 500 Estimated Burden Hours Per Respondent/Recordkeepers: 12 minutes Frequency of Response: On occasion Estimated Total Reporting/Recordkeeping Burden: 184 hours Clearance Officer: Garrick Shear, (202) 622-3869, Internal Revenue Service, Room 5571, 1111 Constitution Avenue NW., Washington, DC 20224 OMB Reviewer: Milo Sunderhauf, (202) 395-7340, Office of Management and Budget, Room 10226, New Executive Office Building, Washington, DC 20503. Lois K. Holland, Departmental Reports Management Officer. [FR Doc. 95-13799 Filed 6-5-95; 8:45 am] BILLING CODE 4830-01-P