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View ICR - OIRA Conclusion

OMB Control No: 1545-0047	ICR Reference No: 202312-1545-006
Status: Active	Previous ICR Reference No: 202212-1545-014
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: U.S. Tax-Exempt Income Tax Return
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: 12/30/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/18/2023
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2024	36 Months From Approved	12/31/2023
Responses	1,698,500	0	1,684,700
Time Burden (Hours)	75,500,000	0	72,720,000
Cost Burden (Dollars)	1,978,400,000	0	1,749,500,000

Authorizing Statute(s): US Code: 26 USC 4947 Name of Law: Application of taxes to certain nonexempt trusts
   US Code: 26 USC 527 Name of Law: Political organizations
   US Code: 26 USC 501(a) Name of Law: Exemption from taxation
   US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
   US Code: 26 USC 6033(i) Name of Law: Returns by exempt organizations
   US Code: 26 USC 4974 Name of Law: Excise tax on certain accumulations in qualified retirement plans
   US Code: 26 USC 511 Name of Law: Imposition of Tax on Unrelated Businesse Income of Charitable, etc., Organizations
   US Code: 26 USC 4953 Name of Law: Tax on Excess Contributions to Black Lung Benefit Trusts
   PL: Pub.L. 117 - 169 multiple Name of Law: Inflation Reduction Act of 2022
   US Code: 26 USC 6012(a)4 Name of Law: General Rule-Trusts
   US Code: 26 USC 6012 (a)2 Name of Law: Every Corporation Subject to Taxation under Subtitle A
   PL: Pub.L. 115 - 97 14103 Name of Law: Tax Cuts and Jobs Act; Citations for New Statutory Requirements
   US Code: 26 USC 521 Name of Law: Exemption of farmers' cooperatives from tax
   US Code: 26 USC 6104 Name of Law: Publicity of information required from certain exempt organizations and certain trusts
   US Code: 26 USC 6011(f) Name of Law: Promotion of Electronic Filing
   PL: Pub.L. 105 - 206 2001 thru 2005 Name of Law: Workforce Investment Systems;
   US Code: 26 USC 501 Name of Law: Exemption from tax on corporations, certain trusts, etc.
   US Code: 26 USC 6033 Name of Law: Returns by exempt organizations
   US Code: 26 USC 508 Name of Law: Special rules with respect to section 501(c)(3) Organization
   US Code: 26 USC 509 Name of Law: Private foundation defined
   US Code: 26 USC 501(c)3 Name of Law: Political Expenditures of Section 501(c)(3) Organizations
   US Code: 26 USC 170 Name of Law: Charitable, Etc., Contributions and Gifts
   PL: Pub.L. 116 - 25 2301, 3101 Name of Law: Taxpayer First Act
   PL: Pub.L. 116 - 260 Div. EE Name of Law: Taxpayer Certainty and Disaster Relief Act
   US Code: 26 USC 170 Name of Law: Charitable, Etc., Contributions And Gifts
   US Code: 26 USC 149 Name of Law: Bonds Must Be Registered To Be Tax Exempt; Other Requirements
   US Code: 26 USC 142 Name of Law: Exempt Facility Bond
   US Code: 26 USC 146 Name of Law: Private Activity Bonds; Volume Cap
   US Code: 26 USC 4951 Name of Law: Taxes on Self-Dealing
   US Code: 26 USC 4952 Name of Law: Taxes on Taxable Expenditures

Citations for New Statutory Requirements: PL: Pub.L. 117 - 169 multiple Name of Law: Inflation Reduction Act of 2022

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Adjustment in Estimate
Annual Number of Responses	1,698,500	1,684,700	0	13,800
Annual Time Burden (Hours)	75,500,000	72,720,000	40,000	2,740,000
Annual Cost Burden (Dollars)	1,978,400,000	1,749,500,000	2,500,000	226,400,000

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: Changes Due to Agency Estimate: There are significant adjustments in the year-over-year technical changes. The impact on burden related to these changes is shown in the table in the Supporting Statement. The largest adjustments are an increase of 470,000 burden hours and $122,850,000 in out-of-pocket costs resulting from updating the underlying micro model tax data. The other largest changes are from macroeconomic adjustments due primarily to inflation and an increase in the FY24 population count of 57,100. Changes Due to New Statute: The Inflation Reduction Act of 2022 (IRA), P.L. 117-169, introduced changes that result in legislative year-over-year adjustments. IRA introduced and expanded a number of clean energy provisions. The majority of the tax provisions are expected to be claimed by individuals and businesses, but there are a number of provisions that may be claimed by tax-exempt organizations. The relevant provisions are new with very little related data to perform direct microdata modeling and analysis. There is also significant uncertainty about the impact of the provisions on program participation and expected growth in existing programs. Due to the limitations and uncertainty, the provisions are grouped into a single category and are estimated jointly. Given the level of uncertainty related to these estimates lower bound and upper bound estimates are also provided in the Supporting Statement.

Annual Cost to Federal Government: $7,715,412

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Yes

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? No

Agency Contact: Elaine Leichter 202 317-8428 elaine.leichter@irs.gov