[Federal Register Volume 84, Number 86 (Friday, May 3, 2019)]
[Proposed Rules]
[Pages 18999-19000]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09010]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-113943-17]
RIN 1545-BO01


Certain Transfers of Property to Real Estate Investment Trusts 
[REITs]; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a partial withdrawal of notice of proposed 
rulemaking and notice of proposed rulemaking.

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SUMMARY: This document contains a correction to a partial withdrawal of 
notice proposed rulemaking and notice of proposed rulemaking (REG-
113943-17) that was published in the Federal Register on March 26, 
2019. If adopted, the withdrawn portion of the notice proposed 
rulemaking would have provided guidance for transactions in which 
property of a C corporation becomes the property of a REIT following 
certain corporate distributions of controlled corporation stock. The 
notice of proposed rulemaking provided revised guidance on the same 
subject.

DATES: Written or electronic comments and requests for a public hearing 
are still being accepted and must be received by May 10, 2019.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
Austin Diamond-Jones, (202) 317-5363; concerning submission of comments 
or to request a public hearing, Regina Johnson, (202) 317-6901 (not 
toll-free numbers).

SUPPLEMENTARY INFORMATION: 

Background

    The proposed regulations that are the subject of this correction 
are under section 337(d) of the Internal Revenue Code.

Need for Correction

    As published, the partial withdrawal of notice of proposed 
rulemaking and notice of proposed rulemaking (REG-113943-17) contains 
errors which may

[[Page 19000]]

prove to be misleading and need to be clarified.

Correction of Publication

    Accordingly, the partial withdrawal of notice of proposed 
rulemaking and notice of proposed rulemaking (REG-113943-17) that was 
the subject of FR Doc. 2019-05682, published at 84 FR 11259 (March 26, 
2019), is corrected to read as follows:


Sec.  1.337(d)-7   [Corrected]

0
On page 11263, second column, the second line of paragraph (f)(3)(iii), 
the language ``distribution is described in a ruling'' is corrected to 
read ``distribution occurred before December 7, 2015 or is described in 
a ruling''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2019-09010 Filed 5-2-19; 8:45 am]
 BILLING CODE 4830-01-P