The Department of Treasury has submitted the following public information collection requirement(s) to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of the submission(s) may be obtained by calling the Treasury Bureau Clearance Officer listed. Comments regarding this information collection should be addressed to the OMB reviewer listed and to the Treasury Department Clearance Officer, Department of the Treasury, Room 11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.
Written comments should be received on or before January 13, 2003 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1505.
Form Number: IRS Form 8820.
Type of Review: Extension.
Title: Orphan Drug Credit.
Description: Filers use this form to elect to claim the orphan drug credit, which is 50% of the qualified clinical testing expenses paid or incurred with respect to low or unprofitable drugs for rare diseases and conditions, as designated under section 526 of the Federal Food, Drug, and Cosmetic Act.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 100.
Estimated Burden Hours Per Respondent/Recordkeeper:
|Recordkeeping||7 hr., 10 min.|
|Learning about the law or the form||1 hr.|
|Preparing and sending the form to the IRS||1 hr., 9 min.|
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 932 hours.
Clearance Officer: Glenn Kirkland (202) 622-3428, Internal Revenue Service, Room 6411-03, 1111 Constitution Avenue, NW., Washington, DC 20224.
OMB Reviewer: Joseph F. Lackey, Jr. (202) 395-7316, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503.Start Signature
Mary A. Able,
Departmental Reports, Management Officer.
[FR Doc. 02-31461 Filed 12-12-02; 8:45 am]
BILLING CODE 4830-01-P