[Federal Register Volume 69, Number 101 (Tuesday, May 25, 2004)]
[Proposed Rules]
[Page 29673]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-11809]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-106590-00; REG-138499-02]
RIN 1545-AX95; RIN 1545-BB05


Depreciation of MACRS Property That Is Acquired in a Like-Kind 
Exchange or as a Result of an Involuntary Conversion; Hearing 
Cancellation

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Cancellation of public hearing on proposed rulemaking.

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SUMMARY: This document relates to a cancellation of a public hearing 
for proposed regulations that provide guidance on how to depreciate 
MACRS property acquired in a like-kind exchange under section 1031 or 
as a result of an involuntary conversion under section 1033 when both 
the acquired and relinquished property are subject to MACRS in the 
hands of the acquiring taxpayer.

DATES: The public hearing originally scheduled for June 3, 2004, at 10 
a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT: Robin R. Jones of the Publications and 
Regulations Branch, Legal Processing Division 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 Monday, 
March 1, 2004 (69 FR 9560), announced that a public hearing was 
scheduled for June 3, 2004, at 10 a.m., in the auditorium. The subject 
of the public hearing is proposed regulations under section 168 of the 
Internal Revenue Code. The public comment period for these regulations 
expired on June 1, 2004. The outlines of oral comments were due on May 
13, 2004.
    The notice of proposed rulemaking and notice of public hearing 
instructed those who are interested in testifying at the public hearing 
to submit an outline of the topics to be addressed. As of Wednesday, 
May 19, 2004, no one has requested to speak. Therefore, the public 
hearing scheduled for June 3, 2004, is cancelled.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 04-11809 Filed 5-24-04; 8:45 am]
BILLING CODE 4830-01-P