This is a new form for tax year 2008
in response to P.L. 110-246 Sec. 15343. To allow taxpayers to
calculate credits against income tax allowed by new provisions in
law.
An industry group has
indicated that there is a need for some form to be available for FY
2007 taxpayers, who will claim credits based on expenditures after
May 22, 2008. A continuous use form has been drafted and is
attached. To allow for FY 2007 filers, a release of the form before
the end of September, 2008 is required.
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.