[Federal Register Volume 65, Number 98 (Friday, May 19, 2000)]
[Proposed Rules]
[Page 31853]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-12682]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-105089-99]
RIN 1545-AX38


Guidance Under Section 356 Relating to the Treatment of 
Nonqualified Preferred Stock and Other Preferred Stock in Certain 
Exchanges and Distributions; 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 the treatment of 
nonqualified preferred stock and other preferred stock in certain 
exchanges and distributions under section 356 of the Internal Revenue 
Code.

DATES: The public hearing originally scheduled for Wednesday, May 31, 
2000, at 10 a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT: LaNita Van Dyke of the Regulations 
Unit, Assistant Chief Counsel (Corporate), at (202) 622-7180 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and notice 
of public hearing that appeared in the Federal Register on January 26, 
2000, (65 FR 4203), announced that a public hearing was scheduled for 
May 31, 2000, at 10 a.m., in room 2615, Internal Revenue Building, 1111 
Constitution Ave., NW., Washington, DC. The subject of the public 
hearing is proposed regulations under section 354, 355, 356, and 1036 
of the Internal Revenue Code. The deadline for requests to speak and 
outlines of oral comments expired on May 10, 2000.
    The notice of proposed rulemaking and 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 May 15, 2000, no one has requested to speak. Therefore, the 
public hearing scheduled for May 31, 2000, is cancelled.

Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 00-12682 Filed 5-18-00; 8:45 am]
BILLING CODE 4830-01-P