[Federal Register Volume 73, Number 227 (Monday, November 24, 2008)]
[Proposed Rules]
[Page 70929]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-27862]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-106251-08]
RIN 1545-BH68


Employee Stock Purchase Plans Under Internal Revenue Code Section 
423; Hearing

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of public hearing on proposed rulemaking.

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SUMMARY: This document provides notice of public hearing on proposed 
regulations relating to options granted under an employee stock 
purchase plan as defined in section 423 of the Internal Revenue Code. 
These proposed regulations affect certain taxpayers who participate in 
the transfer of stock pursuant to the exercise of options granted under 
an employee stock purchase plan.

DATES: The public hearing is being held on Thursday, January 15, 2009, 
at 10 a.m. The IRS must receive outlines of the topics to be discussed 
at the public hearing by Thursday, December 18, 2008.

ADDRESSES: The public hearing is being held in the IRS Auditorium, 
Internal Revenue Service Building, 1111 Constitution Avenue, NW., 
Washington, DC 20224.
    Send Submissions to CC:PA:LPD:PR (REG-106251-08), Room 5205, 
Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, 
Washington, DC 20044. Submissions may be hand-delivered Monday through 
Friday to CC:PA:LPD:PR (REG-106251-08), Couriers Desk, Internal Revenue 
Service, 1111 Constitution Avenue, NW., Washington, DC or sent 
electronically via the Federal erulemaking Portal at http://www.regulations.gov (IRS-REG-106251-08).

FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Thomas 
Scholz (202) 622-6030; concerning submissions of comments, the hearing 
and/or to be placed on the building access list to attend the hearing 
Funmi Taylor at (202) 622-7180 (not toll-free numbers).

SUPPLEMENTARY INFORMATION: The subject of the public hearing is the 
notice of proposed rulemaking (REG-106251-08) that was published in the 
Federal Register on Tuesday, July 29, 2008 (73 FR 43875).
    The rules of 26 CFR 601.601(a)(3) apply to the hearing. Persons who 
wish to present oral comments at the hearing that submitted written 
comments by October 27, 2008, must submit an outline of the topics to 
be addressed and the amount of time to be denoted to each topic. 
(Signed original and eight copies.)
    A period of 10 minutes is allotted to each person for presenting 
oral comments. After the deadline for receiving outlines has passed, 
the IRS will prepare an agenda containing the schedule of speakers. 
Copies of the agenda will be made available, free of charge, at the 
hearing or in the Freedom of Information Reading Room (FOIA RR) (Room 
1621) which is located at the 11th and Pennsylvania Avenue, NW., 
entrance, 1111 constitution Avenue, NW., Washington, DC.
    Because of access restrictions, the IRS will not admit visitors 
beyond the immediate entrance area more than 30 minutes before the 
hearing starts. For information about having your name placed on the 
building access list to attend the hearing, see the FOR FURTHER 
INFORMATION CONTACT section of this document.

LaNita VanDyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration)
[FR Doc. E8-27862 Filed 11-21-08; 8:45 am]
BILLING CODE 4830-01-P