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36464 Federal Register / Vol. 70, No.

120 / Thursday, June 23, 2005 / Notices

CFR 220). The new expiration date for This action will not significantly Decided: June 16, 2005.
this information collection is January affect either the quality of the human By the Board, David M. Konschnik,
31, 2008. (2) OMB No. 2130–0557, environment or energy conservation. Director, Office of Proceedings.
Safety Integration Plans (Part 244). The Pursuant to 5 U.S.C. 605(b), we Vernon A. Williams,
new expiration date for this information conclude that our action will not have Secretary.
collection is May 31, 2008. a significant economic impact on a [FR Doc. 05–12382 Filed 6–22–05; 8:45 am]
Persons affected by the above substantial number of small entities BILLING CODE 4915–01–P
referenced information collections are within the meaning of the Regulatory
not required to respond to any Flexibility Act.
collection of information unless it Decided: June 16, 2005. DEPARTMENT OF THE TREASURY
displays a currently valid OMB control By the Board, Chairman Nober, Vice
number. These approvals by the Office Chairman Buttrey, and Commissioner Internal Revenue Service
of Management and Budget (OMB) Mulvey.
certify that FRA has complied with the Vernon A. Williams, [REG–209826–96]
provisions of the Paperwork Reduction Secretary.
Act of 1995 (Pub. L. 104–13) and with Proposed Collection; Comment
[FR Doc. 05–12443 Filed 6–22–05; 8:45 am]
5 CFR 1320.5(b) by informing the public Request for Regulation Project
BILLING CODE 4915–01–P
about OMB’s approval of the AGENCY: Internal Revenue Service (IRS),
information collection requirements of Treasury.
the above cited forms and regulations. DEPARTMENT OF TRANSPORTATION ACTION: Notice and request for
Authority: 44 U.S.C. 3501–3520. comments.
Surface Transportation Board
Issued in Washington, DC, on June 16,
2005. [STB Finance Docket No. 34707] SUMMARY: The Department of the
D.J. Stadtler, Treasury, as part of its continuing effort
Kettle Falls International Railway, to reduce paperwork and respondent
Director, Office of Budget, Federal Railroad
LLC—Lease and Operation burden, invites the general public and
Administration.
Exemption—BNSF Railway Company 1 other Federal agencies to take this
[FR Doc. 05–12406 Filed 6–22–05; 8:45 am]
Kettle Falls International Railway, opportunity to comment on proposed
BILLING CODE 4910–06–P
LLC (KFR), a Class III rail carrier, has and/or continuing information
filed a verified notice of exemption collections, as required by the
DEPARTMENT OF TRANSPORTATION under 49 CFR 1150.41 to lease from Paperwork Reduction Act of 1995,
BNSF Railway Company (BNSF) and Public Law 104–13 (44 U.S.C.
Surface Transportation Board operate approximately 0.50 miles of rail 3506(c)(2)(A)). Currently, the IRS is
line between milepost 61.0 and milepost soliciting comments concerning an
[STB Ex Parte No. 290 (Sub–No. 5) (2005– 60.5 near Chewelah, WA. existing notice of proposed rulemaking,
3)] KFR certifies that the projected REG–209826–96, Application of the
annual revenues as a result of this Grantor Trust Rules to Nonexempt
Quarterly Rail Cost Adjustment Factor transaction will not result in the Employees’ Trusts (§ 1.671–1(h)(3)(iii)).
AGENCY: Surface Transportation Board. creation of a Class II or Class I rail DATES: Written comments should be
carrier, and further certifies that its received on or before August 22, 2005,
ACTION: Approval of rail cost adjustment
projected annual revenues will not to be assured of consideration.
factor.
exceed $5 million. ADDRESSES: Direct all written comments
SUMMARY: The Board has approved the The transaction was scheduled to be to Glenn Kirkland, Internal Revenue
third quarter 2005 rail cost adjustment consummated on or shortly after June 3, Service, room 6510, 1111 Constitution
factor (RCAF) and cost index filed by 2005. Avenue, NW., Washington, DC 20224.
the Association of American Railroads. If the notice contains false or
FOR FURTHER INFORMATION CONTACT:
The third quarter 2005 RCAF misleading information, the exemption
is void ab initio. Petitions to revoke the Requests for additional information or
(Unadjusted) is 1.136. The third quarter copies of the regulations should be
2005 RCAF (Adjusted) is 0.552. The exemption under 49 U.S.C. 10502(d)
may be filed at any time. The filing of directed to Larnice Mack at Internal
third quarter 2005 RCAF–5 is 0.528. Revenue Service, room 6512, 1111
a petition to revoke will not
DATES: Effective July 1, 2005. automatically stay the transaction. Constitution Avenue, NW., Washington,
FOR FURTHER INFORMATION CONTACT: Mac An original and 10 copies of all DC 20224, or at (202) 622–3179, or
Frampton, (202) 565–1541. (Federal pleadings, referring to STB Finance through the Internet at
Information Relay Service (FIRS) for the Docket No. 34707, must be filed with Larnice.Mack@irs.gov.
hearing impaired: 1–800–877–8339.) the Surface Transportation Board, 1925 SUPPLEMENTARY INFORMATION:
SUPPLEMENTARY INFORMATION: K Street, NW., Washington, DC 20423– Title: Application of the Grantor Trust
Additional information is contained in 0001. In addition, one copy of each Rules to Nonexempt Employees’ Trusts.
the Board’s decision, which is available pleading must be served on Karl Morell, OMB Number: 1545–1498.
on our Web site http://www.stb.dot.gov. Suite 225, 1455 F Street, NW., Regulation Project Number: REG–
To purchase a copy of the full decision, Washington, DC 20005. 209826–96.
write to, e-mail or call the Board’s Board decisions and notices are Abstract: This regulation provides
contractor, ASAP Document Solutions; available on our Web site at http:// rules for the application of the grantor
9332 Annapolis Rd., Suite 103, Lanham, www.stb.dot.gov. trust rules to certain nonexempt
MD 20706; e-mail asapdc@verizon.net; employee’s trusts. Under section 1.671–
1 Effective January 22, 2005, the name of The
phone (202) 306–4004. (Assistance for Burlington Northern and Santa Fe Railway
1(h)(3)(iii) of the regulation, the
the hearing impaired is available Company was changed to ‘‘BNSF Railway overfunded amount for certain foreign
through FIRS: 1–800–877–8339.) Company.’’ employees’ trusts will be reduced to the

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Federal Register / Vol. 70, No. 120 / Thursday, June 23, 2005 / Notices 36465

extent the taxpayer demonstrates to the DEPARTMENT OF THE TREASURY real property interests by foreign
Commissioner, and indicates on a persons in deferred like kind exchanges
statement attached to a timely filed Internal Revenue Service that qualify for nonreognition under
Form 5471, that the overfunded amount section 1031.
[REG–106876–00]
is attributable to a reasonable funding Current Actions: There are no changes
exception. The IRS needs this Proposed Collection; Comment to this existing regulation.
information to determine accurately the Request for Regulation Project
portion of the trust that is properly Type of Review: Extension of a
treated as owned by the employer. AGENCY: Internal Revenue Service (IRS), currently approved collection.
Current Actions: There is no change to Treasury. Affected Public: Individuals or
this existing regulation. ACTION: Notice and request for households and Business or other for-
Type of Review: Extension of comments. profit.
currently approved collection. Estimated Total Annual Reporting
SUMMARY: The Department of the
Affected Public: Business or other for- Treasury, as part of its continuing effort Burden: 600.
profit organizations. to reduce paperwork and respondent Estimated Average Annual Burden
Estimated Number of Respondents: burden, invites the general public and per Respondent: 4.
1,000. other Federal agencies to take this Estimated Number of Respondents:
Estimated Time Per Respondent: 1 opportunity to comment on proposed
150.
hour. and/or continuing information
Estimated Total Annual Burden collections, as required by the The following paragraph applies to all
Hours: 1,000. Paperwork Reduction Act of 1995, of the collections of information covered
Public Law 104–13 (44 U.S.C. by this notice:
The following paragraph applies to all
of the collections of information covered 3506(c)(2)(A)). Currently, the IRS is An agency may not conduct or
by this notice: soliciting comments concerning existing sponsor, and a person is not required to
final regulation, REG–106876–00 respond to, a collection of information
An agency may not conduct or Revision of Income Tax Regulations
sponsor, and a person is not required to unless the collection of information
under Sections 897, 1445, and 6109 to displays a valid OMB control number.
respond to, a collection of information require use of Taxpayer Identifying
unless the collection of information Numbers on Submission under the Books or records relating to a
displays a valid OMB control number. Section 897 and 1445 regualtions. collection of information must be
Books or records relating to a collection retained as long as their contents may
of information must be retained as long DATES: Written comments should be
become material in the administration
as their contents may become material received on or before August 22, 2005,
of any internal revenue law. Generally,
in the administration of any internal to be assured of consideration.
tax returns and tax return information
revenue law. Generally, tax returns and ADDRESSES: Direct all written comments are confidential, as required by 26
tax return information are confidential, to Glenn Kirkland, Internal Revenue U.S.C. 6103.
as required by 26 U.S.C. 6103. Service, room 6512, 1111 Constitution
Avenue, NW., Washington, DC 20224. Request for Comments: Comments
Request for Comments: Comments
submitted in response to this notice will
submitted in response to this notice will FOR FURTHER INFORMATION CONTACT:
be summarized and/or included in the
be summarized and/or included in the Requests for additional information or request for OMB approval. All
request for OMB approval. All copies of the regulations should be
comments will become a matter of
comments will become a matter of directed to Larnice Mack at Internal
public record. Comments are invited on:
public record. Comments are invited on: Revenue Service, Room 6512, 1111
(a) Whether the collection of
(a) Whether the collection of Constitution Avenue, NW., Washington,
information is necessary for the proper
information is necessary for the proper DC 20224, or at (202)622–3179, or
performance of the functions of the
performance of the functions of the through the Internet at
agency, including whether the
agency, including whether the Larnice.Mack@irs.gov.
information shall have practical utility;
information shall have practical utility;
SUPPLEMENTARY INFORMATION: (b) the accuracy of the agency’s estimate
(b) the accuracy of the agency’s estimate
of the burden of the collection of Title: Revision of Income Tax of the burden of the collection of
information; (c) ways to enhance the Regulations under Section 897, 1445, information; (c) ways to enhance the
quality, utility, and clarity of the and 6109 to require use of Taxpayer quality, utility, and clarity of the
information to be collected; (d) ways to Identifying Numbers on Submission information to be collected; (d) ways to
minimize the burden of the collection of under the Section 897 and 1445 minimize the burden of the collection of
information on respondents, including regulations. information on respondents, including
through the use of automated collection OMB Number: 1545–1797. Regulation through the use of automated collection
techniques or other forms of information Project Number: REG–106876–00. techniques or other forms of information
technology; and (e) estimates of capital Abstract: The collection of technology; and (e) estimates of capital
or start-up costs and costs of operation, information relates to applications for or start-up costs and costs of operation,
maintenance, and purchase of services withholding certificates under Treas. maintenance, and purchase of services
to provide information. Reg-1.1445–3 to be filed with the IRS to provide information.
with respect to (1) dispositions of U.S. Approved: June 10, 2005.
Approved: June 13, 2005.
real property interests that have been
Glenn Kirkland, Glenn Kirkland,
used by foreign persons as a principle
IRS Reports Clearance Officer. residence within the prior 5 years and IRS Reports Clearance Officer.
[FR Doc. E5–3258 Filed 6–22–05; 8:45 am] excluded from gross income under [FR Doc. E5–3260 Filed 6–22–05; 8:45 am]
BILLING CODE 4830–01–P section 121 and (2) dispositions of U.S. BILLING CODE 4830–01–P

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