[Federal Register Volume 80, Number 207 (Tuesday, October 27, 2015)]
[Proposed Rules]
[Page 65670]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-27319]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-140379-02, REG-142599-02]
RIN 1545-BC07, 1545-BB23


General Allocation and Accounting Regulations Under Section 141

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Partial withdrawal of notice of proposed rulemaking.

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SUMMARY: This document withdraws a portion of the notice of proposed 
rulemaking published in the Federal Register on September 26, 2006 (71 
FR 56072). The withdrawn portion relates to certain general definitions 
for purposes of section 141 of the Internal Revenue Code and the 
treatment of partnerships for purposes of section 145(a).

DATES: As of October 27, 2015, the notice of proposed rulemaking 
published in the Federal Register on September 26, 2006 (71 FR 56072) 
is partially withdrawn.

FOR FURTHER INFORMATION CONTACT: Zoran Stojanovic, (202) 317-6980 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    On September 26, 2006, the Department of the Treasury and the IRS 
published in the Federal Register proposed regulations (71 FR 56072; 
REG-140379-02, REG-142599-02) (the Proposed Regulations) that would 
amend certain regulations under sections 141 and 145. The Proposed 
Regulations include, among other provisions, certain general 
definitions for purposes of the private business tests under section 
141 and rules regarding the treatment of certain partnerships for 
purposes of the modified private business tests and the ownership test 
under section 145. This document withdraws these general definitions 
and the provision relating to the treatment of partnerships for 
purposes of section 145, because these concepts either are unnecessary 
or are otherwise addressed as a result of other revisions to the 
remaining portions of the Proposed Regulations that are adopted as 
final regulations published elsewhere in this edition of the Federal 
Register.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Partial Withdrawal of a Notice of Proposed Rulemaking

    Accordingly, under the authority of 26 U.S.C. 7805, Sec. Sec.  
1.141-1(b) and 1.145-2(c)(3) of the notice of proposed rulemaking (REG-
140379-02, REG-142599-02) published in the Federal Register on 
September 26, 2006 (71 FR 56072), are withdrawn.

John Dalrymple,
Deputy Commissioner for Services and Enforcement.
[FR Doc. 2015-27319 Filed 10-26-15; 8:45 am]
BILLING CODE 4830-01-P