[Federal Register Volume 73, Number 61 (Friday, March 28, 2008)]
[Proposed Rules]
[Pages 16610-16611]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-6306]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-114126-07]
RIN 1545-BG54


Reduction of Foreign Tax Credit Limitation Categories Under 
Section 904(d); Hearing Cancellation

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Cancellation of notice of public hearing on proposed rulemaking 
by cross-reference to temporary regulations.

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SUMMARY: This document cancels a public hearing on proposed regulations 
that provide guidance relating to the reduction of the number of 
separate foreign tax credit limitation categories under section 904(d) 
of the Internal Revenue Code. Changes to the applicable law were made 
by the American Jobs Creation Act of 2004 reducing the number of 
section 904(d) separate categories from eight to two, effective for 
taxable years beginning after December 31, 2006.

DATES: The public hearing, originally scheduled for April 22, 2008, at 
10 a.m. is cancelled.

FOR FURTHER INFORMATION CONTACT: Funmi Taylor of the Publications and 
Regulations Branch, Legal Processing Division, Associate Chief Counsel 
(Procedure and Administration) at (202) 622-3628 (not a toll-free 
number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking by cross-
reference to temporary regulations and a notice of public hearing that 
appeared in the Federal Register on Friday, December 21, 2007 (72 FR 
72645), announced that a public hearing was scheduled for April 22, 
2008, at 10 a.m. in the IRS Auditorium, Internal Revenue Building, 1111 
Constitution Avenue, NW., Washington, DC. The subject of the public 
hearing is under the section 904 of the Internal Revenue Code.
    The public comment period for these regulations expired on March 
20, 2008. The notice of proposed rulemaking by

[[Page 16611]]

cross-reference to temporary regulations and notice of public hearing 
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, March 25, 2008, no one has requested to speak. 
Therefore, the public hearing scheduled for April 22, 2008, is 
cancelled.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E8-6306 Filed 3-27-08; 8:45 am]
BILLING CODE 4830-01-P