[Federal Register Volume 89, Number 1 (Tuesday, January 2, 2024)]
[Proposed Rules]
[Page 39]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-28793]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-112916-23]
RIN 1545-BQ90


Statutory Disallowance of Deductions for Certain Qualified 
Conservation Contributions Made by Partnerships and S Corporations; 
Hearing Cancellation

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Cancellation of a notice of public hearing on a proposed 
rulemaking.

-----------------------------------------------------------------------

SUMMARY: This document cancels a public hearing on proposed regulations 
concerning the statutory disallowance rule enacted by the SECURE 2.0 
Act of 2022 to disallow a Federal income tax deduction for a qualified 
conservation contribution made by a partnership or an S corporation 
after December 29, 2022, if the amount of the contribution exceeds 2.5 
times the sum of each partner's or S corporation shareholder's relevant 
basis.

DATES: The public hearing scheduled for January 3, 2024, at 10 a.m. ET 
is cancelled.

FOR FURTHER INFORMATION CONTACT: Vivian Hayes of the Publications and 
Regulations Section, Associate Chief Counsel (Procedure and 
Administration) at (202) 317-6901 (not a toll-free number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and a notice 
of public hearing that appeared in the Federal Register on November 20, 
2023 (88 FR 80910) announced that a public hearing being held in person 
and by teleconference was scheduled for January 3, 2024, at 10 a.m. ET. 
The subject of the public hearing is under 26 CFR part 1.
    The public comment period for these regulations expired on December 
20, 2023. The notice of proposed rulemaking and notice of public 
hearing instructed those interested in testifying at the public hearing 
to submit a request to testify and an outline of the topics to be 
addressed by December 20, 2023. We did not receive a request to testify 
at the Public Hearing. Therefore, the public hearing scheduled for 
January 3, 2024, at 10 a.m. ET is cancelled.

Oluwafunmilayo A. Taylor,
Section Chief, Publications and Regulations Section, Associate Chief 
Counsel, (Procedure & Administration).
[FR Doc. 2023-28793 Filed 12-29-23; 8:45 am]
BILLING CODE 4830-01-P