[Federal Register Volume 68, Number 225 (Friday, November 21, 2003)]
[Proposed Rules]
[Page 65646]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-29165]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-106486-98]
RIN 1545-AW33


Guidance Regarding the Treatment of Certain Contingent Payment 
Debt Instruments With One or More Payments That Are Denominated in, or 
Determined by Reference to, a Nonfunctional Currency; 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 1275 of the Internal Revenue Code regarding the treatment 
of contingent payment debt instruments for which one or more payments 
are denominated in, or determined by reference to, a currency other 
than the taxpayer's functional currency.

DATES: The public hearing originally scheduled for December 3, 2003, at 
10 a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT: Sonya M. Cruse of the Publications and 
Regulations Branch, Legal Processing Division, Associate Chief Counsel 
(Procedures and Administration), at (202) 622-4693 (not a toll-free 
number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking, notice of 
public hearing and withdrawal of previous proposed regulations sections 
that appeared in the Federal Register on Friday, August 29, 2003 (68 FR 
51944), announced that a public hearing was scheduled for December 3, 
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 1275 of the Internal 
Revenue Code. The public comment period for these regulations expired 
on November 12, 2003. The notice of proposed rulemaking, notice of 
public hearing, and withdrawal of previous proposed regulations 
section, 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, November 18, 2003, no one has requested to 
speak. Therefore, the public hearing scheduled for December 3, 2003 is 
cancelled.

La Nita Van Dyke,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedures and Administration).
[FR Doc. 03-29165 Filed 11-20-03; 8:45 am]
BILLING CODE 4830-01-P