[Federal Register Volume 64, Number 178 (Wednesday, September 15, 1999)]
[Proposed Rules]
[Page 50026]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-23988]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-106004-98]
RIN 1545-AW71


Guidance Under Section 355(d); Recognition of Gain on Certain 
Distributions of Stock or Securities; 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 relating to recognition of gain on 
certain distributions of stock or securities of a controlled 
corporation, which would affect corporations and their shareholders.

DATES: The public hearing originally scheduled for Tuesday, September 
21, 1999, at 10 a.m., is canceled.

FOR FURTHER INFORMATION CONTACT: Guy Traynor of the Regulations Unit, 
Assistant Chief Counsel (Corporate), (202) 622-7180 (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 May 
3, 1999, (64 FR 23554), announced that a public hearing was scheduled 
for September 21, 1999, at 10 a.m., room 2615, Internal Revenue 
Building, 1111 Constitution Avenue, NW., Washington, DC 20224. The 
subject of the public hearing is proposed regulations under section 355 
of the Internal Revenue Code. The public comment period for these 
proposed regulations expired on August 2, 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 September 3, 1999, no one has requested to speak. Therefore, the 
public hearing scheduled for September 21, 1999, is canceled.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 99-23988 Filed 9-14-99; 8:45 am]
BILLING CODE 4830-01-P