Excise Tax on Certain Transfers of Qualifying Geothermal or Mineral Interests

ICR 202103-1545-009 · OMB 1545-2099 · Received in OIRA

⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1545-2099 can be found here:

2024-07-31 - Extension without change of a currently approved collection

Forms and Documents

Document	Type	Status	Availability
Form 8924 Excise Tax on Certain Transfers of Qualifying Geothermal or Mineral Interests	Form and Instruction	Unchanged	Repair queued
Supporting Statement 1545-2099.docx	Supporting Statement A	Uploaded 2021-04-30	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
183929	Excise Tax on Certain Transfers of Qualifying Geothermal or Mineral Interests	Form and Instruction	Unchanged

ICR Details

OMB Control No: 1545-2099	ICR Reference No: 202103-1545-009
Status: Received in OIRA	Previous ICR Reference No: 201710-1545-026
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Excise Tax on Certain Transfers of Qualifying Geothermal or Mineral Interests
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular	Date Submitted to OIRA: 04/30/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	04/30/2021
Responses	20	20
Time Burden (Hours)	111	111
Cost Burden (Dollars)	0	0

Abstract: Form 8924, Excise Tax on Certain Transfers of Qualifying Geothermal or Mineral Interests, is required by Section 403 of the Tax Relief and Health Care Act of 2006 which imposes an excise tax on certain transfers of qualifying mineral or geothermal interests.

Authorizing Statute(s): PL: Pub.L. 109 - 432 403 Name of Law: TAX RELIEF AND HEALTH CARE ACT OF 2006

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 73844	11/19/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 22784	04/29/2021
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Excise Tax on Certain Transfers of Qualifying Geothermal or Mineral Interests	8924	Excise Tax on Certain Transfers of Qualifying Geothermal or Mineral Interests

ICR Summary of Burden

	Total Request	Previously Approved
Annual Number of Responses	20	20
Annual Time Burden (Hours)	111	111
Annual Cost Burden (Dollars)	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

Annual Cost to Federal Government: $12,758

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: James Holmes 202 317-4137

Common Form ICR: No