Notice2025-08233
Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request on Burden Related to Contributions for Aid of Construction Under Section 118(c)
Primary source
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Published
May 12, 2025
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 public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments concerning the burden related to contributions for aid of construction under section 118(c).
Full Text
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<title>Federal Register, Volume 90 Issue 90 (Monday, May 12, 2025)</title>
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[Federal Register Volume 90, Number 90 (Monday, May 12, 2025)]
[Notices]
[Page 20216]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-08233]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request on Burden Related to Contributions
for Aid of Construction Under Section 118(c)
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Internal Revenue Service, as part of its continuing effort
to reduce paperwork and respondent burden, invites the public and other
Federal agencies to take this opportunity to comment on proposed and/or
continuing information collections, as required by the Paperwork
Reduction Act of 1995. Currently, the IRS is soliciting comments
concerning the burden related to contributions for aid of construction
under section 118(c).
DATES: Written comments should be received on or before July 11, 2025
to be assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 60 days of publication of
this notice to <a href="/cdn-cgi/l/email-protection#78080a19561b1715151d160c0b38110a0b561f170e"><span class="__cf_email__" data-cfemail="324240531c515d5f5f575c4641725b40411c555d44">[email protected]</span></a>. Please include, ``OMB Number:
1545-1639--Public Comment Request Notice'' in the Subject line.
Requests for additional information or copies of this collection can be
directed to Ronald J. Durbala, at <a href="/cdn-cgi/l/email-protection#782a32170b1d0810563c0d0a1a19141938110a0b561f170e"><span class="__cf_email__" data-cfemail="b9ebf3d6cadcc9d197fdcccbdbd8d5d8f9d0cbca97ded6cf">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Aid of Construction Under Section 118(c).
OMB Number: 1545-1639.
Project Number: TD 8936.
Abstract: This regulation provides guidance with respect to section
118(c), which provides that a contribution in aid of construction
received by a regulated public water or sewage utility is treated as a
contribution to the capital of the utility and excluded from gross
income.
Current Actions: There is no change to the existing collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 300.
Estimated Time per Respondent: 60 min.
Estimated Total Annual Burden Hours: 300.
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.
Desired Focus of Comments: The Internal Revenue Service (IRS) is
particularly interested in comments that:
<bullet> Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility.
<bullet> Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used.
<bullet> Enhance the quality, utility, and clarity of the
information to be collected; and
<bullet> Minimize the burden of the collection of information on
those who are to respond, including using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Approved: May 6, 2025.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2025-08233 Filed 5-9-25; 8:45 am]
BILLING CODE 4830-01-P
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