Proposed Collection; Comment Request for Form 8864

• Published date: 13 July 2021
• Citation: 86 FR 36867
• Record Number: 2021-14821
• Section: Notices
• Court: Internal Revenue Service,Treasury Department

Federal Register, Volume 86 Issue 131 (Tuesday, July 13, 2021)

[Federal Register Volume 86, Number 131 (Tuesday, July 13, 2021)]
                [Notices]
                [Pages 36867-36868]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2021-14821]
                -----------------------------------------------------------------------
                DEPARTMENT OF THE TREASURY
                Internal Revenue Service
                Proposed Collection; Comment Request for Form 8864
                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
                information collections, as required by the Paperwork Reduction Act of
                1995. The IRS is soliciting comments concerning Form 8864, Biodiesel
                and Renewable Diesel Fuels Credit.
                DATES: Written comments should be received on or before September 13,
                2021 to be assured of consideration.
                ADDRESSES: Direct all written comments to Kinna Brewington, Internal
                Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
                20224.
                FOR FURTHER INFORMATION CONTACT: Requests for additional information or
                copies of the form and instructions should be directed to Sara
                Covington, Internal Revenue Service, Room 6526, 1111 Constitution
                Avenue NW, Washington, DC 20224, or at (737)800-6149 or through the
                internet at [email protected].
                SUPPLEMENTARY INFORMATION:
                 Title: Biodiesel and Renewable Diesel Fuels Credit.
                 OMB Number: 1545-1924.
                 Form Number: 8864.
                 Abstract: Section 40A biodiesel and renewable diesel fuels credit
                is retroactively extended for fuel sold or used in calendar years 2018
                through 2022. The credit consists of the Biodiesel credit, Renewable
                diesel credit, Biodiesel mixture credit, Renewable diesel mixture
                credit and Small Agri-biodiesel producer credit. Claim the credit for
                the tax year in which the sale or use occurs. Partnership, S
                Corporations, Cooperatives, estates, and trusts must file this form to
                claim the credit.
                 Current Actions: There are no changes being made to form at this
                time.
                 Type of Review: Extension of a currently approved collection.
                 Affected Public: Business or other for-profit.
                 Estimated Number of Respondents: 934.
                 Estimated Time per Respondent: 4 hrs., 13 mins.
                 Estimated Total Annual Burden Hours: 3,941.
                 The following paragraph applies to all of 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 as long as
                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
                [[Page 36868]]
                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: July 6, 2021.
                Sara L. Covington,
                IRS Tax Analyst.
                [FR Doc. 2021-14821 Filed 7-12-21; 8:45 am]
                BILLING CODE 4830-01-P