Federal Register #2026-13994

IRS Requests Public Comment on Information Collection for Revenue Procedure 2014-49

The Internal Revenue Service (IRS), part of the Department of the Treasury, is seeking public comment on its information collection related to Revenue Procedure 2014-49. - Government Buyer: - Internal Revenue Service (IRS), Department of the Treasury - Purpose: - Request for public feedback on information collection requirements - Revenue Procedure 2014-49 provides guidance to State housing credit agencies and owners of low-income buildings - Focuses on suspension of income limitation requirements under section 42 of the Internal Revenue Code for properties in major disaster areas - No OEMs or vendors are involved, as this is not a procurement opportunity - Notable Requirements: - Feedback sought on necessity, accuracy, and burden of information collection - Suggestions for improvement are encouraged - No products or services are being requested

Description

The IRS is inviting comments on the information collection request related to Revenue Procedure 2014-49. This procedure provides guidance to State housing credit agencies and owners of low-income buildings regarding the suspension of certain income limitation requirements under section 42 of the Internal Revenue Code for properties affected by major disaster areas declared by the President. The notice is issued in accordance with the Paperwork Reduction Act of 1995 and aims to assess the impact and minimize the burden of information collection requirements. Comments are requested to be submitted by September 8, 2026.

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