[Federal Register Volume 64, Number 64 (Monday, April 5, 1999)]
[Proposed Rules]
[Pages 16372-16373]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-8281]


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DEPARTMENT OF TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-104072-97]
RIN 1545-AV07


Recharacterizing Financing Arrangements Involving Fast-Pay Stock; 
Hearing Cancellation

AGENCY: Internal Revenue Service (IRS), 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 under section 7701 recharacterizing, 
for tax purposes, financing arrangements involving fast-pay stock.

DATES: The public hearing originally scheduled for Thursday, April 8, 
1999, at 10 a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT:

[[Page 16373]]

LaNita Van Dyke of the Regulations Unit, Assistant Chief Counsel 
(Corporate), (202) 622-7190 (not a toll-free number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and/or 
notice of public hearing that appeared in the Federal Register on 
Wednesday, January 6, 1999 (64 FR 805), announced that a public hearing 
was scheduled for Thursday, April 8, 1999, at 10 a.m., in room 2615, 
Internal Revenue Building, 1111 Constitution Avenue, NW., Washington, 
DC. The subject of the public hearing is proposed regulations under 
section 7701 of the Internal Revenue Code. The public comment period 
for these proposed regulations expires on Tuesday, April 6, 1999. The 
outlines of topics to be addressed at the hearing were due on Thursday, 
March 18, 1999.

    The notice of proposed rulemaking and/or notice of public hearing, 
instructed those interested in testifying at the public hearing to 
submit a request to speak and an outline of the topics to be addressed. 
As of Tuesday, March 30, 1999, no one has requested to speak. 
Therefore, the public hearing scheduled for Thursday, April 8, 1999, is 
cancelled.
Cynthia Grigsby,
Chief, Regulations Unit Assistant Chief Counsel (Corporate).
[FR Doc. 99-8281 Filed 4-2-99; 8:45 am]
BILLING CODE 4830-01-P