[Federal Register Volume 72, Number 133 (Thursday, July 12, 2007)]
[Proposed Rules]
[Page 38033]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-13498]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-147171-05]
RIN 1545-BF34


Deductions for Entertainment Use of Business Aircraft; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to notice of proposed 
rulemaking that was published in the Federal Register on Friday, June 
15, 2007 (72 FR 33169) relating to the use of business aircraft for 
entertainment.

FOR FURTHER INFORMATION CONTACT: Michael A. Nixon at (202) 622-4930 or 
Lynne A. Camillo at (202) 622-6040 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking (REG-147171-05) that is the 
subject of this correction is under section 274(e) of the Internal 
Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-147171-05) 
contains an error that may prove to be misleading and is in need of 
clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-147171-05) that 
was the subject of FR Doc. E7-11445 is corrected as follows:


Sec.  1.274-10  [Corrected]

    On page 33176, Sec.  1.274-10(e)(1), column 2, lines 2 and 3 of the 
fourth full paragraph of the column, the language ``General rule. 
Except as provided in paragraph (f)(4) of this section, for `` is 
corrected to read ``General rule. For''.

Lanita Van Dyke,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E7-13498 Filed 7-11-07; 8:45 am]
BILLING CODE 4830-01-P