[Federal Register Volume 60, Number 185 (Monday, September 25, 1995)]
[Proposed Rules]
[Pages 49356-49357]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-23368]



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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 301

[IA-36-91]
RIN 1545-AT22


Time for Performance of Acts Where Last Day Falls on Saturday, 
Sunday, or Legal Holiday

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking.

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SUMMARY: This document contains proposed regulations relating to the 
time for performance of acts by taxpayers and by the Commissioner, a 
district director, or the director of a regional service center, where 
the last day for performance falls on a Saturday, Sunday, or legal 
holiday. In particular, the proposed regulations would remove the list 
of legal holidays and other outdated material.

DATES: Written comments and requests for a public hearing must be 
received by December 26, 1995.

ADDRESSES: Send submissions to: CC:DOM:CORP:T:R (IA-36-91), 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 (IA-36-91), 
Courier's Desk, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC.

FOR FURTHER INFORMATION CONTACT: Judith A. Lintz (202) 622-6232 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    This document contains proposed amendments to the Procedure and 
Administration Regulations (26 CFR part 301) that would revise the 
paragraphs in the regulations that specify the legal holidays and 
provide other related information.

Explanation of Provisions

    This document proposes to amend Sec. 301.7503-1, which explains and 
supplements section 7503 of the Internal Revenue Code pertaining to the 
performance of any act prescribed under authority of the internal 
revenue laws when the last day for performance of the act falls on 
Saturday, Sunday, or a legal holiday. First, Sec. 301.7503-1(a) would 
be amended to reflect a change to the name of the Court of Claims, 
which, as of October 29, 1992, became the Court of Federal Claims.
    Second, Sec. 301.7503-1(b), which provides a list of the legal 
holidays and other related information, would be revised. The current 
list of holidays is outdated. However, in light of the aim toward tax 
simplification, the list of holidays in paragraph (b) would be replaced 
by citations to the law from which the holidays must be discerned. In 
this way, future changes in the law with respect to the holidays will 
not require amendments to the regulations.
    Third, Sec. 301.7503-1(c), which provides that section 7503 is 
applicable in any case where the last day for performance of an act 
occurs after August 16, 1954, would be removed because this information 
is obsolete.

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 comments 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 who 
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 Judith A. Lintz, 
Office of Assistant Chief Counsel (Income Tax & Accounting), Internal 
Revenue Service. However, other personnel from the IRS and Treasury 
Department participated in their development.

List of Subjects in 26 CFR Part 301

    Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income 
taxes, Penalties, Reporting and recordkeeping requirements.

Proposed Amendments to the Regulations

    Accordingly, 26 CFR part 301 is proposed to be amended as follows:

PART 301--PROCEDURE AND ADMINISTRATION

    Paragraph 1. The authority citation for part 301 continues to read 
in part as follows:

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

 
[[Page 49357]]

    Par. 2. Section 301.7503-1 is amended as follows:
    1. In the fourth sentence of paragraph (a), the language 
``Thursday, November 22, 1956 (Thanksgiving Day), the suit will be 
timely if filed on Friday, November 23, 1956, in the Court of Claims'' 
is removed and the language ``Thursday, November 23, 1995 (Thanksgiving 
Day), the suit will be timely if filed on Friday, November 24, 1995, in 
the Court of Federal Claims'' is added in its place.
    2. Paragraph (b) is revised as set forth below.
    3. Paragraph (c) is removed.
    The revision reads as follows:


Sec. 301.7503-1  Time for performance of acts where last day falls on 
Saturday, Sunday, or legal holiday.

* * * * *
    (b) Legal holidays. For the purpose of section 7503, the term legal 
holiday includes the legal holidays in the District of Columbia as 
found in D.C. Code Ann. 28-2701. In the case of any return, statement, 
or other document required to be filed, or any other act required under 
the authority of the internal revenue laws to be performed, at an 
office of the Internal Revenue Service, or any other office or agency 
of the United States, located outside the District of Columbia but 
within an internal revenue district, the term legal holiday includes, 
in addition to the legal holidays in the District of Columbia, any 
statewide legal holiday of the state where the act is required to be 
performed. If the act is performed in accordance with law at an office 
of the Internal Revenue Service or any other office or agency of the 
United States located in a territory or possession of the United 
States, the term legal holiday includes, in addition to the legal 
holidays in the District of Columbia, any legal holiday that is 
recognized throughout the territory or possession in which the office 
is located.
Margaret Milner Richardson,
Commissioner of Internal Revenue.
[FR Doc. 95-23368 Filed 9-22-95; 8:45 am]
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