Qualified Electric Vehicle Credit

Forms and Documents

Document Name	Status
Form 8834 Qualified Electric Vehicle Credit Form and Instruction	Modified
F8834_Sup_Stmnt.doc Supporting Statement A	2014-11-19

IC Document Collections

IC ID	Document Title	Status
40343	Qualified Electric Vehicle Credit Form and Instruction	Modified

ICR Details

OMB Control No: 1545-1374	ICR Reference No: 201405-1545-012
Status: Historical Active	Previous ICR Reference No: 201107-1545-013
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Qualified Electric Vehicle Credit
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/06/2015
	Date Received in OIRA: 11/19/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2018	36 Months From Approved	10/31/2015
Responses	3,136	0	500
Time Burden (Hours)	15,022	0	5,025
Cost Burden (Dollars)	0	0	0

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Abstract: Form 8834 is used to claim any qualified electric vehicle passive activity credit allowed for the current tax. The data on Form 8834 will be used to determine that the credit is allowable and that it has been properly computed.

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Authorizing Statute(s): US Code: 26 USC 30 Name of Law: Credit for qualified electric vehicles
   US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
   PL: Pub.L. 111 - 312 101; IRC 30(f) Name of Law: Tax Relief, Unemployment
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 41367	07/15/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 68506	11/17/2014
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Qualified Electric Vehicle Credit	8834	Qualified Electric Vehicle Credit

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	3,136	500	0	0	2,636	0
Annual Time Burden (Hours)	15,022	5,025	0	2,395	7,602	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Form 8834 has changed due to the expired qualified plug-in electric vehicle credit under IRC 30(f). The provision was enacted as part of the American Recovery and Reinvestment Tax Act of 2009, Pub. L. No. 111-5, through December 31, 2011 and has never been extended. Part 1 (Qualified Plug-in Electric Vehicle Credit) was removed which resulted in a burden decrease of 2,630 hours. However, the agency has updated its estimated number of responses by 2,636 (500 to 3,136), which results in an overall burden increase of 26,492 hours.

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Annual Cost to Federal Government: $302

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 11/19/2014

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