[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: 94-2082]


[[Page Unknown]]

[Federal Register: January 31, 1994]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[IA-57-93]
RIN 1545-AS26

 

Allocation of Costs to Lobbying Activities; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to the notice of proposed 
rulemaking (IA-57-93), which was published in the Federal Register for 
Monday, December 27, 1993 (58 FR 68330). The proposed regulations 
relate to rules for allocating costs to lobbying activities.

FOR FURTHER INFORMATION CONTACT: Ellen McElroy, (202) 622-4950, and 
James M. Guiry, (202) 622-1585 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking that is the subject of these 
corrections are under section 162 of the Internal Revenue Code as 
amended by section 13222 of the Omnibus Budget Reconciliation Act of 
1993 (OBRA 1993)(107 Stat. 477).

Need for Correction

    As published, the proposed rulemaking contains errors which may 
prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of proposed regulations (IA-57-93), 
which was the subject of FR Doc. 93-31402, is corrected as follows:
    1. On page 68332, column 3, Sec. 1.162-28(d)(6), line 2 of 
paragraph (iii) of Example, the language ``properly allocable to X's 
lobbying activities'' is corrected to read ``properly allocable to W's 
lobbying activities''.
    2. On page 68334, column 1, Sec. 1.162-28(f)(2), paragraph (vii) of 
example in the table, last entry following the column headings, the 
language 

------------------------------------------------------------------------
                                                                Overall 
                                                   Lobbying      mgmt.  
                                                  department  department
------------------------------------------------------------------------
                                  *****                                 
=Costs Allocated To Department..................    $550,000    $330,000
is corrected to read                                                    
                                                                        
------------------------------------------------------------------------
=Costs Allocated To Department..................    $550,000    $330,000
------------------------------------------------------------------------

Jacquelyn B. Burgess,
Alternate Federal Register Liaison Officer, Assistant Chief Counsel 
(Corporate).
[FR Doc. 94-2082 Filed 1-28-94; 8:45 am]
BILLING CODE 4830-01-P