A qualified zone academy bond is a
taxable bond issued after 1997 by a state or local government, with
the proceeds used to improve certain eligible public schools. In
lieu of receiving interest payments from the issuer, an eligible
holder of the bond is generally allowed an annual income tax
credit. Eligible holders of qualified zone academy bonds use Form
8860 to figure and claim this credit.
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.