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Federal forms, ICRs, and supporting documents

Information Collection Request

Revenue Procedure 2008-60: Election Involving the Repeal of the Bonding Requirement under § 42(j)(6)

ICR 201203-1545-026 · OMB 1545-2120 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
RP 2008-60.pdf Supplementary Document Uploaded 2012-03-30 Repair queued
Supporting Statement RP 2008-60.doc Supporting Statement A Uploaded 2012-03-30 Available
IC Document Collections
IC IDCollectionTypeStatusForm
190868 RP 2009-XX - Election Involving the Repeal of the Bonding Requirement under § 42(j)(6) Modified
186600 RP 2008-60 - Election Involving the Repeal of the Bonding Requirement under § 42(j)(6) Modified
ICR Details
1545-2120 201203-1545-026
Historical Active 200909-1545-041
TREAS/IRS jg-2120-026
Revenue Procedure 2008-60: Election Involving the Repeal of the Bonding Requirement under § 42(j)(6)
Extension without change of a currently approved collection   No
Regular
Approved without change 07/16/2012
Retrieve Notice of Action (NOA) 04/30/2012
  Inventory as of this Action Requested Previously Approved
07/31/2015 36 Months From Approved 07/31/2012
7,810 0 7,810
7,810 0 7,810
0 0 0
This revenue procedure affects taxpayers who are maintaining a surety bond or a Treasury Direct Account (TDA) to satisfy the low-income housing tax credit recapture exception in § 42(j)(6) of the Internal Revenue Code, as in effect on or before July 30, 2008. This revenue procedure provides the procedures for taxpayers to follow when making the election under section 3004(i)(2)(B)(ii) of the Housing Assistance Tax Act of 2008 (Pub. L. 110–289) (the Act) to no longer maintain a surety bond or a TDA to avoid recapture.
US Code: 26 USC 42(j)(6) Name of Law: No recapture on disposition of building (or interest therein) where bond posted
   PL: Pub.L. 110 - 289 3004(i)(2)(B)(ii) Name of Law: Housing Assistance Tax Act of 2008
  
None
Not associated with rulemaking
  76 FR 72765 11/25/2011
77 FR 25230 04/27/2012
No
  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 7,810 7,810 0 0 0 0
Annual Time Burden (Hours) 7,810 7,810 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
No
No
No
Uncollected
Julie Hanlon-Bolton 202 622-3040 [email protected]
  No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
04/30/2012