[Federal Register Volume 68, Number 171 (Thursday, September 4, 2003)]
[Proposed Rules]
[Pages 52544-52545]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-22552]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-116914-03]
RIN 1545-BC06


Transfer of Compensatory Options; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking by cross-reference 
to temporary regulations.

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SUMMARY: This document contains a correction to a notice of proposed 
rulemaking by cross-reference to temporary regulations that were 
published in the Federal Register on Wednesday, July 2, 2003 (68 FR 
39498), relating to the sale or other disposition of compensatory 
nonstatutory stock options to related persons.

FOR FURTHER INFORMATION CONTACT: Stephen Tackney at (202) 622-6030 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking by cross-reference to temporary 
regulations that is the subject of this correction is under section 83 
of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking by cross-reference 
to temporary regulations contains an error that may prove to be 
misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
by cross-reference to temporary regulations (REG-116914-03), that was 
the subject of FR Doc. 03-16787, is corrected as follows:
    On page 39498, column 2, in the preamble under the paragraph 
heading ``Special Analyses'', second line, the language ``temporary 
regulations are not

[[Page 52545]]

a'' is corrected to read ``proposed regulations are not a''.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 03-22552 Filed 9-3-03; 8:45 am]
BILLING CODE 4830-01-P