[Federal Register Volume 61, Number 51 (Thursday, March 14, 1996)]
[Proposed Rules]
[Pages 10492-10493]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5588]



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DEPARTMENT OF THE TREASURY
26 CFR Parts 48, 301, and 602

[LR-115-86; LR-77-88]


Gasoline

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Withdrawal of notices of proposed rulemaking.

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[[Page 10493]]


SUMMARY: This document withdraws the notices of proposed rulemaking 
relating to gasoline that were published in the Federal Register on 
November 18, 1987, and September 27, 1988, because of amendments to 
sections 4081 and 4101 of the Internal Revenue Code made by the Omnibus 
Budget Reconciliation Act of 1990 and the Omnibus Budget Reconciliation 
Act of 1993.

FOR FURTHER INFORMATION CONTACT: Frank Boland, (202) 622-3130 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    On November 18, 1987, the IRS issued proposed regulations (LR-115-
86) relating to tax on the sale or removal of gasoline (52 FR 44141) 
which were later proposed to be amended on September 27, 1988 (53 FR 
37590). On September 27, 1988, the IRS issued proposed regulations (LR-
77-88) relating to gasoline excise tax bond requirements (53 FR 37590). 
The Omnibus Budget Reconciliation Act of 1990 and the Omnibus Budget 
Reconciliation Act of 1993 amended sections 4081 and 4101. On July 22, 
1992, final regulations (TD 8421) relating to gasoline tax under 
section 4081 as amended were published in the Federal Register (57 FR 
32424). On November 30, 1993, temporary regulations (TD 8496) relating 
to registration requirements under section 4101 as amended were 
published in the Federal Register (58 FR 63069). Therefore, the earlier 
proposed rules are withdrawn.

List of Subjects

26 CFR Part 48

    Excise taxes, Reporting and recordkeeping requirements.

26 CFR Part 301

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

26 CFR Part 602

    Reporting and recordkeeping requirements.

Withdrawal of Notices of Proposed Rulemaking

    Accordingly, under the authority of 26 U.S.C. 7805, the notices of 
proposed rulemaking that were published in the Federal Register on 
November 18, 1987 (52 FR 44141) and September 27, 1988 (53 FR 37590) 
are withdrawn.
Margaret Milner Richardson,
Commissioner of Internal Revenue.
[FR Doc. 96-5588 Filed 3-13-96; 8:45 am]
BILLING CODE 4830-01-P