Respondents are fishermen holding
Fishing Vessel Capital Construction Fund (FVCCF) agreements. The
FVCCF is a tax- deferral program for fishing vessel construction,
acquisition, or reconstruction. Information collected on the NOAA
Form 48842 is used in checking for respondents' compliance with
program requirements and for inconsistencies in their reporting to
NOAA and IRS of program-related adjustments to their income.
Deposit and withdrawal information is also required, by statute, to
be annually reported to the Secretary of Treasury.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.