[Federal Register Volume 81, Number 247 (Friday, December 23, 2016)]
[Proposed Rules]
[Pages 94805-94806]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-29911]



[[Page 94805]]

Vol. 81

Friday,

No. 247

December 23, 2016

Part XV





Department of the Treasury





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Semiannual Regulatory Agenda

  Federal Register / Vol. 81 , No. 247 / Friday, December 23, 2016 / 
Unified Agenda  

[[Page 94806]]


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DEPARTMENT OF THE TREASURY

31 CFR Subtitles A and B


Semiannual Agenda and Fiscal Year 2016 Regulatory Plan

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda and annual regulatory plan.

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SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act and Executive Order (E.O.) 12866 
(``Regulatory Planning and Review''), which require the publication by 
the Department of a semiannual agenda of regulations. E.O. 12866 also 
requires the publication by the Department of a regulatory plan for the 
upcoming fiscal year.

FOR FURTHER INFORMATION CONTACT: The Agency Contact identified in the 
item relating to that regulation.

SUPPLEMENTARY INFORMATION: The semiannual regulatory agenda includes 
regulations that the Department has issued or expects to issue and 
rules currently in effect that are under departmental or bureau review. 
For this edition of the regulatory agenda, the most important 
significant regulatory actions and a Statement of Regulatory Priorities 
are included in the Regulatory Plan, which appears in both the online 
Unified Agenda and in part II of the Federal Register publication that 
includes the Unified Agenda.
    Beginning with the fall 2007 edition, the Internet has been the 
primary medium for disseminating the Unified Agenda. The complete 
Unified Agenda will be available online at www.reginfo.gov and 
www.regulations.gov, in a format that offers users an enhanced ability 
to obtain information from the Agenda database. Because publication in 
the Federal Register is mandated for the regulatory flexibility agenda 
required by the Regulatory Flexibility Act (5 U.S.C. 602), Treasury's 
printed agenda entries include only:
    (1) Rules that are in the regulatory flexibility agenda, in 
accordance with the Regulatory Flexibility Act, because they are likely 
to have a significant economic impact on a substantial number of small 
entities; and
    (2) Rules that have been identified for periodic review under 
section 610 of the Regulatory Flexibility Act.
    Printing of these entries is limited to fields that contain 
information required by the Regulatory Flexibility Act's Agenda 
requirements. Additional information on these entries is available in 
the Unified Agenda published on the Internet. In addition, for fall 
editions of the Agenda, the entire Regulatory Plan will continue to be 
printed in the Federal Register, as in past years.

 Brian J. Sonfield,
Deputy Assistant General Counsel for General Law and Regulation.

               Internal Revenue Service--Final Rule Stage
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                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
382.......................  Issue Price Definition for         1545-BM46
                             Tax-Exempt Bonds.
383.......................  Deemed Distributions Under         1545-BN07
                             Section 305(c) of Stock
                             and Rights to Acquire
                             Stock.
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DEPARTMENT OF THE TREASURY (TREAS)

Internal Revenue Service (IRS)

Final Rule Stage

382. Issue Price Definition for Tax-Exempt Bonds

    Legal Authority: 26 U.S.C. 148(i); 26 U.S.C. 7805
    Abstract: The final regulations define issue price for purposes of 
the arbitrage restrictions under section 148 of the Internal Revenue 
Code applicable to tax-exempt bonds and other tax-advantaged bonds.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
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NPRM................................   06/24/15  80 FR 36301
NPRM Comment Period End.............   09/22/15  .......................
Final Action........................   12/00/16  .......................
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    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Lewis Bell, Tax Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, Phone: 202 317-4565, Fax: 855 574-9028, Email: 
[email protected].
    RIN: 1545-BM46

383. Deemed Distributions Under Section 305(c) of Stock and Rights To 
Acquire Stock

    Legal Authority: 26 U.S.C. 7805
    Abstract: Provide guidance on the amount and timing of 
distributions under section 305(c) and 305(b), and to clarify that 
deemed distributions caused by changes in conversion ratios are 
considered a distribution of additional rights to acquire the 
underlying stock, and not a distribution of the underlying stock 
itself. Guidance is also provided to withholding agents regarding their 
withholding obligations, and on information reporting for such 
distributions under sections 860G, 861, 1441, 1461, 1471, 1473, and 
6045(B).
    Timetable:

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               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   04/13/16  81 FR 21795
NPRM Comment Period End.............   07/12/16  .......................
Final Action........................   12/00/16  .......................
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    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Maurice LaBrie, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, Phone: 202 317-5024.
    RIN: 1545-BN07

[FR Doc. 2016-29911 Filed 12-22-16; 8:45 am]
BILLING CODE 4810-01-P