2026-02816Notice

IRS Gauges Burden of Low-Income Credit Program Forms

Published Date: 2/12/2026

Notice

Summary

The IRS wants your thoughts on how it collects info for the Low-Income Communities Bonus Credit Program, which helps boost investments in poorer neighborhoods. They’re checking if the paperwork is fair and not too much work, aiming to keep things clear and easy. If you have ideas or concerns, send them by April 13, 2026—this could affect how much time and money folks spend on the program.

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Estimated 3‑Hour Paperwork Burden

The IRS estimates the information collection for the Low-Income Communities Bonus Credit Program will involve about 70,000 business respondents, each taking about 3 hours, for a total of 210,000 annual burden hours. This is an extension of a currently approved collection under OMB No. 1545-2308 related to TD 9979 and Rev. Proc. 2023-27.

Opportunity to Comment by April 13, 2026

Businesses and other for‑profit organizations can submit written comments about the information collection by April 13, 2026. The IRS is seeking input on burden, clarity, and ways to minimize costs including automation and estimates of capital or start‑up costs.

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Key Dates

Published Date
Comments Due
2/12/2026
4/13/2026

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Internal Revenue Service
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