Notice2023-01544
Proposed Collection; Comment Request Relating to FHA Loan Limits To Determine Average Area Purchase Prices
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 26, 2023
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
The Internal Revenue Service, 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 continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning the collection of information required to obtain the benefit of using revisions to FHA loan limits to determine average area purchase prices.
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 17 (Thursday, January 26, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 17 (Thursday, January 26, 2023)]
[Notices]
[Pages 5063-5064]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-01544]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request Relating to FHA Loan Limits
To Determine Average Area Purchase Prices
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service, 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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning the
collection of information required to obtain the benefit of using
revisions to FHA loan limits to determine average area purchase prices.
DATES: Written comments should be received on or before March 27, 2023
to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224, or by email to <a href="/cdn-cgi/l/email-protection#a8d8dac986cbc7c5c5cdc6dcdbe8c1dadb86cfc7de"><span class="__cf_email__" data-cfemail="c9b9bba8e7aaa6a4a4aca7bdba89a0bbbae7aea6bf">[email protected]</span></a>. Include OMB control number
1545-1877 or Average Area Purchase Price
[[Page 5064]]
Safe Harbors and Nationwide Purchase Prices under section 143.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the revenue procedure should be directed to Kerry Dennis at
(202) 317-5751, or at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet,
at <a href="/cdn-cgi/l/email-protection#58133d2a2a217614761c3d3636312b18312a2b763f372e"><span class="__cf_email__" data-cfemail="074c6275757e294b29436269696e74476e757429606871">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Average Area Purchase Price Safe Harbors and Nationwide
Purchase Prices under section 143.
OMB Number: 1545-1877.
Regulatory Number: Revenue Procedure 2022-17.
Abstract: The revenue procedure under this collection provides
issuers of qualified mortgage bonds, as defined in section 143(a) of
the Internal Revenue Code (Code), and issuers of mortgage credit
certificates, as defined in section 25(c), with (1) the nationwide
average purchase price 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 to burden.
Type of Review: Extension of a currently approved collection.
Affected Public: State, Local, and Tribal Governments.
Estimated Number of Respondents: 60.
Estimated Time per Respondent: 15 minutes.
Estimated Total Annual Burden Hours: 15 hours.
The following paragraph applies to all 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 if 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.
Approved: January 20, 2023.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2023-01544 Filed 1-25-23; 8:45 am]
BILLING CODE 4830-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on January 26, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.