Approved through December 1993 subject to the following corrections to the instructions for Part II: 1) the weight of passenger vehicles will be corrected to 6000 pounds from 600 pounds and 2) the line 5 instructions will be corrected to read, "subtract line 4 from line 1c."
Inventory as of this Action
Requested
Previously Approved
12/31/1993
12/31/1993
10/31/1991
187,000
0
29,000
688,190
0
153,700
0
0
0
FORM 8807 IS USED TO COMPUTE THE EXCISE TAX ON FISHING EQUIPMENT, BOWS AND ARROWS, TRUCKS AND TRAILER CHASSIS AND BODIES AND TRACTORS AND THE LUXURY TAX ON AIRCRAFT, BOATS, PASSENGER VEHICLES, FURS, AND JEWELRY. THIS FORM ENABLES IRS TO MONITOR THE EXCISE TAX LIABILITY ON THESE ARTICLES. (IRC SECTIONS 4161, 4051, 4003, 4002, 4001, 4007, AND 4006.)
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.