[Federal Register Volume 68, Number 5 (Wednesday, January 8, 2003)]
[Proposed Rules]
[Page 1020]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-353]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-131478-02]
RIN 1545-BB25


Guidance Under Section 1502; Suspension of Losses on Certain 
Stock Dispositions; 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 a public hearing on proposed regulations 
under section 1502 of the Internal Revenue Code regarding proposed 
regulations that redetermine the basis of stock of a subsidiary member 
of a consolidated group immediately prior to certain dispositions and 
deconsolidations of such stock.

DATES: The public hearing originally scheduled for January 15, 2003, at 
10 a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT: Sonya M. Cruse of the Regulations 
Unit, Associate Chief Counsel (Income Tax and Accounting), (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 Wednesday, 
October 23, 2002 (67 FR 65060), announced that a public hearing was 
scheduled for January 15, 2003, at 10 a.m., in room 6718, Internal 
Revenue Service Building, 1111 Constitution Avenue, NW., Washington, 
DC. The subject of the public hearing is proposed regulations under 
section 1502 of the Internal Revenue Code. The public comment period 
for these regulations expires on January 21, 2003. Outlines of oral 
testimony were due on December 27, 2002. The notice of proposed 
rulemaking and notice of public hearing, instructed those interested in 
testifying at the public hearing to submit outlines of topics to be 
addressed. As of Friday, January 3, 2003, no one has requested to 
speak. Therefore, the public hearing scheduled for January 15, 2003, is 
cancelled.

Cynthia E. Grigsby,
Chief, Regulations Unit, Associate Chief Counsel (Income Tax and 
Accounting).
[FR Doc. 03-353 Filed 1-7-03; 8:45 am]
BILLING CODE 4830-01-P