[Federal Register Volume 84, Number 151 (Tuesday, August 6, 2019)]
[Proposed Rules]
[Page 38148]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16378]



[[Page 38148]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-118425-18]
RIN 1545-BO90


Section 199A Rules for Cooperatives and Their Patrons; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking; withdrawal of notice of proposed 
rulemaking; correction.

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SUMMARY: This document contains a correction to a notice of proposed 
rulemaking; withdrawal of notice of proposed rulemaking (REG-118425-18) 
that was published in the Federal Register on June 19, 2019 (84 FR 
28668). The proposed regulations provide guidance to cooperatives to 
which sections 1381 through 1388 of the Internal Revenue Code (Code) 
apply (Cooperatives) and their patrons regarding the deduction for 
qualified business income (QBI) under section 199A(a) of the Code as 
well as guidance to specified agricultural or horticultural 
cooperatives (Specified Cooperatives) and their patrons regarding the 
deduction for domestic production activities under section 199A(g) of 
the Code.

DATES: Written or electronic comments and requests for a public hearing 
are still being accepted and must be received by August 19, 2019.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
James Holmes at (202) 317-4137; 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 sections 199A and 1388 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking; withdrawal of 
notice of proposed rulemaking (REG-118425-18) contains errors which may 
prove to be misleading and need to be clarified.

Correction of Publication

    Accordingly, the notice of proposed rulemaking; withdrawal of 
notice proposed rulemaking (REG-118425-18) that was the subject of FR 
Doc. 2019-11501, published at 84 FR 28668 (June 19, 2019), is corrected 
to read as follows:
    1. On page 28668, in the preamble, second column, under caption 
ADDRESSES, third line from the bottom of the paragraph, the language 
``1118425-18'' is corrected to read ``118425-18''.
    2. On page 28670, in the preamble, first column, the sixth line 
from the bottom of the last paragraph, the language ``defined under 
section'' is corrected to read ``defined under''.
    3. On page 28670, in the preamble, second column, the third line 
from the bottom of the last partial paragraph, the language ``deduction 
and'' is corrected to read ``deduction, and ``.
    4. On page 28671, in the preamble, first column, the twelfth line 
from the bottom of the page, the language ``deduction and'' is 
corrected to read ``deduction, and''.
    5. On page 28671, in the preamble, second column, under the 
paragraph heading ``D. Determination of W-2 Wages and UBIA of Qualified 
Property'', the first line of the paragraph, the language ``Section 
Sec.  '' is corrected to read ``Section''.
    6. On page 28676, in the preamble, second column, under the 
paragraph V. Proposed Sec.  1.199A-11, Wage Limitation, the sixth line 
of the paragraph, the language ``2019-16'' is corrected to read ``2019-
31''.


Sec.  1.99A-8  [Corrected]

0
7. On page 28689, column 3, paragraph (d)(7), the fourth line, the 
language ``applicable) by'' is corrected to read ``applicable, by''.


Sec.  1.99A-12  [Corrected]

0
8. On page 28705, column 2, paragraph (h) Example 2 (i), the seventh 
line, the language, ``All of X,'' is corrected to read ``All of X's,''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2019-16378 Filed 8-5-19; 8:45 am]
 BILLING CODE 4830-01-P