[Federal Register Volume 67, Number 208 (Monday, October 28, 2002)]
[Proposed Rules]
[Page 65842]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-27295]



[[Page 65841]]

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Part II





 Department of the Treasury





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 Internal Revenue Service



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26 CFR Part 1



 Electing Mark to Market for Marketable Stock; Hearing Cancellation; 
Proposed Rule

  Federal Register / Vol. 67, No. 208 / Monday, October 28, 2002 / 
Proposed Rules  

[[Page 65842]]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-112306-00]
RIN 1545-AY17


Electing Mark to Market for Marketable 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 cancels the public hearing on proposed 
regulations containing procedures for certain United States persons 
holding marketable stock in a passive foreign investment company (PFIC) 
to elect mark to market treatment for that stock under section 1296 and 
related provisions of sections 1291 and 1295.

DATES: The public hearing originally scheduled for Wednesday, November 
6, 2002, at 10 a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT: 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 notice 
of public hearing that appeared in the Federal Register on Wednesday, 
July 31, 2002 (67 FR 49634), announced that a public hearing was 
scheduled for Wednesday, November 6, 2002, at 10 a.m., in room 4718, 
Internal Revenue Building, 1111 Constitution Avenue, NW., Washington, 
DC. The subject of the public hearing is proposed regulations under 
section 1291 of the Internal Revenue Code. The outlines of topics to be 
addressed at the hearing were due on Wednesday, October 16, 2002.
    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 Tuesday, October 22, 2002, no one has requested to speak. 
Therefore, the public hearing scheduled for Wednesday, November 6, 
2002, is cancelled.

LaNita Van Dyke,
Acting Chief, Regulations Unit, Associate Chief Counsel (Income Tax and 
Accounting).
[FR Doc. 02-27295 Filed 10-25-02; 8:45 am]
BILLING CODE 4830-01-P