[Federal Register Volume 65, Number 66 (Wednesday, April 5, 2000)]
[Proposed Rules]
[Page 17829]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-8030]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-209601-92]
RIN 1545-AR19


Taxation of Tax-Exempt Organizations' Income From Corporate 
Sponsorship; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking and notice of 
public hearing.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking and notice of public hearing which was published in the 
Federal Register on Wednesday, March 1, 2000 (65 FR 11012), relating to 
the tax treatment of sponsorship payments received by exempt 
organizations.

FOR FURTHER INFORMATION CONTACT: Stephanie Lucas Caden at (202) 622-
6080.

SUPPLEMENTARY INFORMATION:

Background

    The proposed regulations that are the subject of this correction 
are under section 512 of the Internal Revenue Code.

Need for Correction

    As published, the proposed regulations [REG-209601-92] contain 
errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the publication of the proposed regulations [REG-
209601-92], which were the subject of FR Doc. 00-4848, is corrected as 
follows:

    1. On page 11012, third column, in the preamble, the last sentence 
under the caption ADDRESSES is corrected to read, ``The public hearing 
will be held in room 4718, Internal Revenue Building, 1111 Constitution 
Avenue, NW., Washington, DC.''.
    2. On page 11012, third column, in the preamble, the text under the 
caption FOR FURTHER INFORMATION CONTACT is corrected to read, 
``Concerning the regulations, Stephanie Lucas Caden at (202) 622-6080; 
concerning submissions and the hearing, LaNita VanDyke at (202) 622-
7180 (not toll-free numbers).''.
    3. On page 11015, second column, the first sentence of the second 
paragraph under the caption Comments and Public Hearing is corrected to 
read, ``A public hearing has been scheduled for June 21, 2000, at 10 
a.m. in room 4718, Internal Revenue Building, 1111 Constitution Avenue, 
NW., Washington, DC.''.


Sec. 1.513-4  [Corrected]

    4. On page 11018, third column, in the 22nd line of Sec. 1.513-4(f) 
Example 8, the language ``Music Shop's name and address in the lobby'' 
is corrected to read, ``Music Shop's name, address and telephone number 
in the lobby''.

Dale D. Goode,
Federal Register Liaison, Assistant Chief Counsel (Corporate).
[FR Doc. 00-8030 Filed 4-4-00; 8:45 am]
BILLING CODE 4830-01-P