[Federal Register Volume 62, Number 79 (Thursday, April 24, 1997)]
[Proposed Rules]
[Page 19958]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-10663]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-209040-88]
RIN 1545-AM41


Qualified Electing Fund Elections; Hearing Cancellation

AGENCY: Internal Revenue Service, Treasury.

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

-----------------------------------------------------------------------

SUMMARY: This document provides notice of cancellation of a public 
hearing on proposed regulations permitting certain shareholders to make 
a special election under section 1295, in lieu of the election 
currently provided for under that section, with respect to certain 
preferred shares of a passive foreign investment company (PFIC).

DATES: The public hearing originally scheduled for May 8, 1997, 
beginning at 10 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 1293 
and 1295 of the Internal Revenue Code. A notice of proposed rulemaking 
and public hearing appearing in the Federal Register on Tuesday, 
December 24, 1996 (61 FR 67752), announced that a public hearing would 
be held on Thursday, May 8, 1997, beginning at 10 a.m., in room 3313, 
Internal Revenue Building, 1111 Constitution Avenue, NW, Washington, DC 
20224.
    The public hearing scheduled for Thursday, May 8, 1997, is 
cancelled.
Cynthia E. Grigsby,
Chief, Regulations Unit Assistant Chief Counsel (Corporate).
[FR Doc. 97-10663 Filed 4-23-97; 8:45 am]
BILLING CODE 4830-01-U