[Federal Register Volume 63, Number 53 (Thursday, March 19, 1998)]
[Proposed Rules]
[Page 13383]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-7166]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-243025-96]
RIN 1545-AU61


Tax Treatment of Cafeteria Plans; Hearing

AGENCY: Internal Revenue Service, Treasury.

ACTION: Notice of public hearing on proposed regulations.

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

SUMMARY: This document provides notice of a public hearing on proposed 
amendments that would provide guidance on the circumstances under which 
a cafeteria plan participant may revoke an existing election and make a 
new election during a period of coverage.

DATES: The public hearing will be held on Tuesday, May 5, 1998, 
beginning at 10:00 a.m. Requests to speak and outlines of oral comments 
must be received by Tuesday, April 14, 1998.

ADDRESSES: The public hearing will be held in room 2615, Internal 
Revenue Building, 1111 Constitution Avenue, NW, Washington, DC. 
Requests to speak and outlines of oral comments should be submitted to 
the CC:DOM:CORP:R (REG-243025-96), room 5226, Internal Revenue Service, 
POB 7604, Ben Franklin Station, Washington, DC 20044. Submissions may 
be hand delivered between the hours of 8 a.m. and 5 p.m. to: 
CC:DOM:CORP:R (REG-243025-96), Courier's Desk, Internal Revenue 
Service, 1111 Constitution Avenue NW, Washington, DC.

FOR FURTHER INFORMATION CONTACT: Mike Slaughter 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 regulations under section 125 of the Internal Revenue Code. 
These regulations appear in the Federal Register (62 FR 60196) on 
Friday, November 7, 1997.
    The rules of Sec. 601.601 (a)(3) of the ``Statement of Procedural
    Rules'' (26 CFR part 601) shall apply with respect to the public 
hearing. Persons who have submitted written comments within the time 
prescribed in the notice of proposed rulemaking and who also desire to 
present oral comments at the hearing on the proposed regulations should 
submit not later than Tuesday, April 21, 1998, an outline of the oral 
comments/testimony to be presented at the hearing and the time they 
wish to devote to each subject.
    Each speaker (or group of speakers representing a single entity) 
will be limited to 10 minutes for an oral presentation exclusive of the 
time consumed by the questions from the panel for the government and 
answers to these questions.
    Because of controlled access restrictions, attendees cannot be 
admitted beyond the lobby of the Internal Revenue Building until 9:45 
a.m.
    An agenda showing the scheduling of the speakers will be made after 
outlines are received from the persons testifying. Copies of the agenda 
will be available free of charge at the hearing.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 98-7166 Filed 3-18-98; 8:45 am]
BILLING CODE 4830-01-U