[Federal Register Volume 73, Number 53 (Tuesday, March 18, 2008)]
[Proposed Rules]
[Page 14417]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-5336]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-127391-07]
RIN 1545-BH02


Guidance Under Section 664 Regarding the Effect of Unrelated 
Business Taxable Income on Charitable Remainder Trusts; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-127391-07) that was published in the Federal Register 
on Friday, March 7, 2008 (73 FR 12313) providing guidance under 
Internal Revenue Code section 664 on the tax effect of unrelated 
business taxable income (UBTI) on charitable remainder trusts.

FOR FURTHER INFORMATION CONTACT: Cynthia Morton at (202) 622-3060 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The correction notice that is the subject of this document is under 
section 664 of the Internal Revenue Code.

Need for Correction

    As published, a notice of proposed rulemaking (REG-127391-07) 
contains errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the publication of a notice of proposed rulemaking 
(REG-127391-07), which was the subject of FR Doc. E8-4576, is corrected 
as follows:
    1. On page 12314, column 3, in the preamble, under the paragraph 
heading ``Comments and Public Hearing'', line 2 of the second 
paragraph, the language ``for April 11, 2007, at 10 a.m., in the IRS'' 
is corrected to read ``for April 11, 2008, at 10 a.m., in the IRS''.
    2. On page 12314, column 3, in the preamble, under the paragraph 
heading ``Comments and Public Hearing'', line 8 of the third paragraph, 
the language ``and eight (8) copies) by March 28, 2007.'' is corrected 
to read ``and eight (8) copies) by March 28, 2008.''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E8-5336 Filed 3-17-08; 8:45 am]
BILLING CODE 4830-01-P