[Federal Register Volume 68, Number 105 (Monday, June 2, 2003)]
[Proposed Rules]
[Page 32698]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-13735]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 157 and 602

[REG-139768-02]
RIN-1545-BB14


Excise Tax Relating to Structured Settlement Factoring 
Transactions; 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 5891 of the Internal Revenue Code relating to the manner 
and method of reporting and paying the 40-percent excise tax imposed on 
any person who acquires structured settlement payment rights in a 
structured settlement factoring transaction.

DATES: The public hearing originally scheduled for June 12, 2003, at 10 
a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT: Sonya M. Cruse of the Regulations 
Unit, Associate Chief Counsel (Procedure and Administration), 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 Wednesday, 
February 19, 2003, (68 FR 7956), announced that a public hearing was 
scheduled for June 12, 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 
5891 of the Internal Revenue Code.
    The public comment period for these regulations expired on May 20, 
2003. The outlines of oral testimony were due on May 22, 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 
Wednesday, May 28, 2003, no one has requested to speak. Therefore, the 
public hearing scheduled for June 12, 2003, is cancelled.

Cynthia E. Grigsby,
Chief, Regulations Unit, Associate Chief Counsel, (Procedure and 
Administration).
[FR Doc. 03-13735 Filed 5-30-03; 8:45 am]
BILLING CODE 4830-01-P