[Federal Register Volume 61, Number 197 (Wednesday, October 9, 1996)]
[Proposed Rules]
[Page 52902]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-25943]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[CO-24-96, CO-25-96, CO-26-96]
RIN 1545-AU31, 1545-AU32, 1545-AU33


Consolidated Returns--Limitations on the Use of Certain Losses 
and Deductions; Regulations Under Section 1502 of the Internal Revenue 
Code of 1986; Limitations on Net Operating Loss Carryforwards and 
Certain Built-in Losses and Credits Following an Ownership Change of a 
Consolidated Group; Regulations Under Section 382 of the Internal 
Revenue Code of 1986; Application of Section 382 in Short Taxable Years 
and With Respect to Controlled Groups; Hearing Cancellation

AGENCY: Internal Revenue Service, Treasury.

ACTION: Cancellation of notice of public hearing on proposed 
rulemaking.

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SUMMARY: This document provides notice of cancellation of a public 
hearing on proposed regulations relating to deductions and losses of 
members; limitations on net operating loss carryforwards and certain 
built-in losses and credits following an ownership change with respect 
to consolidated groups; and the application of section 382 in short 
taxable years and with respect to controlled groups. The public hearing 
originally scheduled for October 17, 1996, beginning at 10:00 a.m. is 
cancelled.

FOR FURTHER INFORMATION CONTACT: Evangelista C. Lee of the Regulations 
Unit, Assistant Chief Counsel (Corporate), (202) 622-7190, (not a toll 
free number).

SUPPLEMENTARY INFORMATION: The subject of the public hearing is 
proposed amendments to the Income Tax Regulations under sections 25, 
382 and 1502 of the Internal Revenue Code. A notice of public hearing 
appearing in the Federal Register on Thursday, June 27, 1996 (61 FR 
33393), (61 FR 33395), and (61 FR 33391), announced that the public 
hearing on proposed regulations under sections 25, 382, 1502 of the 
Internal Revenue Code would be held on Thursday, October 17, 1996, 
beginning at 10:00 a.m., in the NYU Classroom, Room 2615, Internal 
Revenue Building, 1111 Constitution Avenue, NW, Washington, D.C. 20224.
    The public hearing scheduled for Thursday, October 17, 1996, is 
cancelled.
Michael L. Slaughter,
Acting Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 96-25943 Filed 10-8-96; 8:45 am]
BILLING CODE 4830-01-U