Federal Register #2026-09397

IRS Seeks Public Comment on Information Collection for New Markets Credit Recapture Notice

This opportunity is a request for public comment from the Internal Revenue Service (IRS) regarding its information collection process for the Notice of Recapture Event for New Markets Credit. - Government Buyer: - Internal Revenue Service (IRS), Department of the Treasury - Purpose: - Soliciting public feedback on the process by which Community Development Entities (CDEs) notify taxpayers of recapture events related to the New Markets Credit - Aims to assess and minimize the burden of information collection as required by the Paperwork Reduction Act - Products/Services Requested: - No products, OEMs, or vendors are involved - The request is solely for public comment and feedback on regulatory information collection - Unique/Notable Requirements: - Focused on improving the efficiency and accuracy of IRS information collection processes - No procurement of goods or services is taking place

Description

The Internal Revenue Service (IRS) is requesting comments on the information collection request related to the Notice of Recapture Event for New Markets Credit. This involves Community Development Entities (CDEs) providing notification to taxpayers holding qualified equity investments when a recapture event occurs, as required by regulations. The notice is part of the Paperwork Reduction Act of 1995 compliance efforts to assess and minimize the burden of information collection. Comments are invited on the necessity, accuracy, and ways to enhance the information collection process. Written comments are due by July 13, 2026.

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