🐟NOAA Notice on Capital Construction Fund Agreements and Compliance
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Capital Construction Fund Agreement, Certificate Family of Forms and Deposit/Withdrawal Report
Summary
The Department of Commerce, in accordance with the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to comment on proposed, and continuing information collections, which helps us assess the impact of our information collection requirements and minimize the public's reporting burden. The purpose of this notice is to allow for 60 days of public comment preceding submission of the collection to OMB.
Agencies
- Commerce Department
- National Oceanic and Atmospheric Administration
Business Impact
$$ - Med
The document outlines a notice from the Department of Commerce regarding the Capital Construction Fund Program, which allows businesses in the fishing industry to defer taxable income contingent upon compliance with reporting requirements. This impacts business owners as they must adhere to specific compliance regulations and could benefit financially through the deferral mechanism.