[Federal Register Volume 60, Number 167 (Tuesday, August 29, 1995)]
[Proposed Rules]
[Page 44788]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-21439]



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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 40

[PS-8-95]
RIN 1545-AT25


Deposits of Excise Taxes

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking by cross-reference to temporary 
regulations.

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SUMMARY: In the Rules and Regulations section of this issue of the 
Federal Register, the IRS is issuing temporary regulations relating to 
deposits of excise taxes. The text of those temporary regulations also 
serves as the text of these proposed regulations.

DATES: Written comments and requests for a public hearing must be 
received by November 27, 1995.

ADDRESSES: Send submissions to: CC:DOM:CORP:T:R (PS-8-95), room 5228, 
Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, 
DC 20044. In the alternative, submissions may be hand delivered between 
the hours of 8 a.m. and 5 p.m. to: CC:DOM:CORP:T:R (PS-8-95), Courier's 
Desk, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC.

FOR FURTHER INFORMATION CONTACT: Concerning submissions, the 
Regulations Unit, (202) 622-7180; concerning the regulations, Ruth 
Hoffman, (202) 622-3130 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    Temporary regulations in the Rules and Regulations section of this 
issue of the Federal Register amend the Excise Tax Procedural 
Regulations (26 CFR part 40) relating to deposits of excise taxes under 
section 6302. The temporary regulations contain special safe harbor 
rules for the additional deposit of taxes due in September of each 
year.
    The text of those temporary regulations also serves as the text of 
these proposed regulations. The preamble to the temporary regulations 
explains the temporary regulations.

Special Analyses

    It has been determined that this notice of proposed rulemaking is 
not a significant regulatory action as defined in EO 12866. Therefore, 
a regulatory assessment is not required. It also has been determined 
that section 553(b) of the Administrative Procedure Act (5 U.S.C. 
chapter 5) and the Regulatory Flexibility Act (5 U.S.C. chapter 6) do 
not apply to these regulations, and, therefore, a Regulatory 
Flexibility Analysis is not required. Pursuant to section 7805(f) of 
the Internal Revenue Code, this notice of proposed rulemaking will be 
submitted to the Chief Counsel for Advocacy of the Small Business 
Administration for comment on its impact on small business.

Comments and Requests for a Public Hearing

    Before these proposed regulations are adopted as final regulations, 
consideration will be given to any written comments (a signed original 
and eight (8) copies) that are submitted timely to the IRS. All 
comments will be available for public inspection and copying. A public 
hearing may be scheduled if requested in writing by any person that 
timely submits written comments. If a public hearing is scheduled, 
notice of the date, time and place for the hearing will be published in 
the Federal Register.

Drafting Information

    The principal author of these regulations is Ruth Hoffman, Office 
of Assistant Chief Counsel (Passthroughs and Special Industries). 
However, other personnel from the IRS and Treasury Department 
participated in their development.

List of Subjects in 26 CFR Part 40

    Excise taxes, Reporting and recordkeeping requirements.

Proposed Amendments to the Regulations

    Accordingly, 26 CFR part 40 is proposed to be amended as follows:

PART 40--EXCISE TAX PROCEDURAL REGULATIONS

    Paragraph 1. The authority citation for part 40 continues to read 
in part as follows:

    Authority: 26 U.S.C. 7805 * * *

    Par. 2. Section 40.6302(c)-5 is added to read as follows:


Sec. 40.6302(c)-5  Use of Government depositaries; rules under sections 
6302(e) and (f).

[The text of this proposed section is the same as the text of 
Sec. 40.6302(c)-5T published elsewhere in this issue of the Federal 
Register.]
Margaret Milner Richardson.
Commissioner of Internal Revenue.
[FR Doc. 95-21439 Filed 8-28-95; 8:45 am]
BILLING CODE 4830-01-U