Department of the Treasury
Departmental Offices
OMB No. 1505-0221
Application for Section 1603: Payments for Specified Renewable
Energy Property in Lieu of Tax Credits
Circumstances necessitating the collection of information
Authorized under the American Recovery and Reinvestment Act (ARRA), hereafter Recovery Act of 2009 (Public Law 111-5), the Department of the Treasury is implementing several provisions of the Act, more specifically Division B – Tax, Unemployment, Health, State Fiscal Relief, and Other Provisions. Among these components is a program which requires Treasury to make payments, in lieu of a tax credit, to reimburse persons who place in service certain specified energy properties. The collection of information is necessary to ensure that applicants qualify for payment and that the amount of the payment is appropriate.
Use of the data
The information will be used to (1) identify eligible recipients; (2) determine the appropriate amount of funding; (3) ensure compliance with applicable laws; and (4) report on the effectiveness of the program.
Use of information technology
Applicants will complete a fillable form and return the application via the internet. Data from applications will be stored electronically.
Efforts to identify duplication
The information that will be collected may have some overlap with similar data collected under previously approved information collections for tax credits. Where possible, any previously approved collections will be modified prior to the tax filing season.
Impact on small entities
Since this is a voluntary program, we anticipate no undue impact on small entities.
Consequences of less frequent collection and obstacles to burden reduction
Not applicable.
Circumstances requiring special information collection
Not applicable.
Solicitation of comments on information collection
A notice was published in the Federal Register soliciting comments from the public on September 11, 2009, at 74 FR 46832. The notice requested comments on practical utility; accuracy in estimates, enhancement of collected information, burden reduction, and capital start-up costs. The public was encouraged to provide comments through the Federal Register process as well as through the Department’s public sites.
Provision of payments to recordkeepers
Not applicable.
Assurance of confidentiality
Applicants may only apply with respect to property that is used for business purposes. The information collected will therefore not contain personal identification information.
Justification of sensitive questions
Not applicable.
We anticipate that the number of applicants applying for funds will be 1,000. It will take approximately two hours to complete the application. The estimated annual burden is 2,000 hours.
No. of Respondents |
No. Responses per Respondent |
Total Annual Responses |
Hours per Response |
Total Annual Burden (hrs.) |
1,000 |
1 |
1,000 |
2 |
2,000 |
Estimated total annual cost burden to respondents
None
Estimated cost to the federal government.
There will be no annualized capital/start-up costs for the government to receive this information. However there will be some cost to the Treasury Department to set up the system and capability to conduct analysis on these data.
Reasons for change in burden
This is an extension without change of a currently approved collection.
Plans for tabulation, statistical analysis and publication
The Treasury Department will conduct numerous types of analysis on these data. These analyses will include assessments of the effectiveness of the program (e.g. reach, amounts funded) as well as compliance checks. It is possible that a review/publication may result from these analyses. In addition, this analysis will be made available to the public for transparency.
Reasons why displaying the OMB expiration date is inappropriate
Display of the OMB expiration date will create confusion because this program has a limited duration.
Exceptions to certification requirement of OMB Form 83-I
Regarding this request for OMB approval, there are no exceptions to the certification statement in item 19 of Form 83-I.
| File Type | application/msword |
| File Title | Department of the Treasury, Departmental Offices |
| Author | reeseci |
| Last Modified By | DWolfgang |
| File Modified | 2010-01-13 |
| File Created | 2009-12-18 |