[Federal Register Volume 84, Number 70 (Thursday, April 11, 2019)]
[Proposed Rules]
[Page 14634]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-07118]



[[Page 14634]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-104464-18]
RIN 1545-BO55


Deduction for Foreign-Derived Intangible Income and Global 
Intangible Low-Taxed Income; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking.

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SUMMARY: This document contains a correction to a notice of proposed 
rulemaking (REG-104464-18) that was published in the Federal Register 
on Wednesday, March 6, 2019. The proposed regulations provided guidance 
to determine the amount of the deduction for foreign-derived intangible 
income and global intangible low-taxed income.

DATES: Written or electronic comments and requests for a public hearing 
for the notice of proposed rulemaking at 84 FR 8188 (March 6, 2019) are 
still being accepted and must be received by May 6, 2019.

FOR FURTHER INFORMATION CONTACT: Concerning proposed Sec. Sec.  
1.250(a)-1 through 1.250(b)-6, 1.962-1, 1.6038-2, 1.6038-3, and 
1.6038A-2, Kenneth Jeruchim at (202) 317-6939; concerning proposed 
Sec. Sec.  1.1502-12, 1.1502-13 and 1.1502-50, Michelle A. Monroy at 
(202) 317-5363 or Austin Diamond-Jones at (202) 317-6847; concerning 
submissions of comments and requests for a public hearing, Regina L. 
Johnson, (202) 317-6901 (not toll free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The proposed regulations that are the subject of this correction 
are under sections 250, 962, 1502, 6038, and 6038A of the Internal 
Revenue Code.

Need for Correction

    As published, the proposed regulations contain errors which may 
prove to be misleading and need to be clarified.

Correction of Publication

    Accordingly, the notice of proposed rulemaking published at 84 FR 
8188 (March 6, 2019) is corrected as follows:

0
1. On page 8190, in the preamble, under the heading: ``2. Determination 
of DEI and FDDEI'', in the third column, in the 23rd line, add a 
sentence at the end of the paragraph to read: ``Finally, the proposed 
regulations define financial services income by reference to section 
904(d)(2)(D) and proposed Sec.  1.904-4(e)(1)(ii).''


Sec.  1.250(b)-1  [Corrected]

0
2. On page 8216, first column, the last line of paragraph 
(d)(3)(ii)(B)(2)(i), the language ``distributive of PRS's gross FDDEI'' 
is corrected to read ``distributive share of PRS's gross FDDEI''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2019-07118 Filed 4-10-19; 8:45 am]
BILLING CODE 4830-01-P