[Federal Register Volume 59, Number 20 (Monday, January 31, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1986]


[[Page Unknown]]

[Federal Register: January 31, 1994]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 47

[TD 8498]
RIN 1545-AS07

 

Fuel Floor Stocks Taxes Under the Omnibus Budget Reconciliation 
Act of 1993; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to temporary regulations.

-----------------------------------------------------------------------

SUMMARY: This document contains corrections to the temporary 
regulations (TD 8498), which were published in the Federal Register for 
Monday, November 29, 1993 (58 FR 62526). The temporary regulations 
relate to the floor stocks taxes on gasoline, diesel fuel, and aviation 
fuel held on October 1, 1993; on diesel fuel held on January 1, 1994; 
and on commercial aviation fuel held on October 1, 1995.

EFFECTIVE DATE: November 29, 1993.

FOR FURTHER INFORMATION CONTACT: Edward Madden, (202) 622-4537 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The temporary regulations that are the subject of these corrections 
reflects changes to the law made by the Omnibus Budget Reconciliation 
Act of 1993 and provide guidance relating to the persons liable for the 
taxes, exceptions to the taxes, and the times for reporting and paying 
the taxes.

Need for Correction

    As published, TD 8498 contains errors which may prove to be 
misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication on November 29, 1993, of temporary 
regulations (TD 8498), which were the subject of FR Doc. 93-28913, is 
corrected as follows:


Sec. 47.3-8T  [Corrected]

    1. On page 62531, column 1, Sec. 47.3-8T(b)(2)(ii), line 6, the 
language ``for other excise taxes on or before July'' is corrected to 
read ``for other excise taxes on or before August''.
    2. On page 62531, column 1, Sec. 47.3-8T(b)(2)(ii), line 8, the 
language ``720 for the quarter on or before July 31,'' is corrected to 
read ``720 for the quarter on or before August 31,''.
Dale D. Goode,
Federal Register Liaison Officer, Assistant Chief Counsel (Corporate).
[FR Doc. 94-1986 Filed 1-28-94; 8:45 am]
BILLING CODE 4830-01-U