[Federal Register Volume 68, Number 90 (Friday, May 9, 2003)]
[Proposed Rules]
[Page 24903]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-11592]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-103580-02]
RIN 1545-BA53


Noncompensatory Partnership Options

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Cancellation of notice of public hearing on proposed 
rulemaking.

-----------------------------------------------------------------------

SUMMARY: This document provides notice of cancellation of a public 
hearing on proposed regulations relating to the tax treatment of 
noncompensatory options and convertible instruments issued by a 
partnership.

DATES: The public hearing originally scheduled for Tuesday, May 20, 
2003, at 10 a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT: Treena Garrett of the Regulations 
Unit, Associate Chief Counsel (Procedure and Administration), (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, 
January 22, 2003, (68 FR 2930), announced that a public hearing was 
scheduled for Tuesday, May 20, 2003, at 10 a.m. in room 4718, Internal 
Revenue Service Building, 1111 Constitution Avenue, NW., Washington, 
DC. The subject of the public hearing is proposed regulations under 
sections 704(b), 721, and 761of the Internal Revenue Code. The public 
comment period for these proposed regulations expired on Tuesday, April 
29, 2003. Outlines of oral comments were due on Tuesday, April 29, 
2003.
    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, May 6, 2003, no one has requested to speak. Therefore, 
the public hearing scheduled for Tuesday, May 20, 2003, is cancelled.

LaNita Van Dyke,
Acting Chief, Regulations Unit, Associate Chief Counsel (Procedure and 
Administration).
[FR Doc. 03-11592 Filed 5-8-03; 8:45 am]
BILLING CODE 4830-01-P