[Federal Register Volume 89, Number 138 (Thursday, July 18, 2024)]
[Proposed Rules]
[Page 58306]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-15717]



[[Page 58306]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 58

[REG-115710-22]
RIN 1545-BQ59


Excise Tax on Repurchase of Corporate Stock; Hearing

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking; notice of hearing.

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SUMMARY: This document provides a notice of public hearing on proposed 
regulations that would provide guidance regarding the application of 
the new excise tax on repurchases of corporate stock made after 
December 31, 2022.

DATES: The public hearing on these proposed regulations has been 
scheduled for August 27, 2024, at 10:00 a.m. ET. The IRS must receive 
speakers' outlines of the topics to be discussed at the public hearing 
by August 9, 2024. If no outlines are received by August 9, 2024, the 
public hearing will be cancelled.

ADDRESSES: The public hearing is being held in the Auditorium, at the 
Internal Revenue Service Building, 1111 Constitution Avenue NW, 
Washington, DC. Due to security procedures, visitors must enter at the 
Constitution Avenue entrance. In addition, all visitors must present a 
valid photo identification to enter the building. Because of access 
restrictions, visitors will not be admitted beyond the immediate 
entrance area more than 30 minutes before the hearing starts. 
Participants may alternatively attend the public hearing by telephone.
    Send submissions electronically via the Federal eRulemaking Portal 
at www.regulations.gov (IRS REG-115710-22) or to CC:PA:01:PR (REG-
115710-22), Room 5205, Internal Revenue Service, P.O. Box 7604, Ben 
Franklin Station, Washington, DC 20044. Submissions may be hand 
delivered Monday through Friday to CC:PA:01:PR (REG-115710-22), 
Couriers Desk, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 5205, Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT: Concerning proposed Sec. Sec.  
58.4501-1 through 58.4501-6, Kailee H. Farrell at (202) 317-6975; 
concerning proposed Sec.  58.4501-7, Brittany N. Dobi at (202) 317-
5469; concerning proposed Sec.  1.1275-6(f)(12)(iii), Jonathan A. 
LaPlante at (202) 317-3900; concerning the hearing and/or to be placed 
on the building access list to attend the public hearing, call the 
Publications and Regulations Section at (202) 317-6901 (not a toll-free 
number) or by email to [email protected] (preferred).

SUPPLEMENTARY INFORMATION: The subject of the public hearing is the 
notice of proposed rulemaking (REG-115710-22) that was published in the 
Federal Register on Friday, April 12, 2024 (FR 89 25980).
    The rules of 26 CFR 601.601(a)(3) apply to the hearing. Persons who 
wish to present oral comments at the hearing must submit an outline of 
the topics to be discussed and the time to be devoted to each topic by 
August 9, 2024.
    A period of 10 minutes will be allotted to each person for making 
comments. An agenda showing the scheduling of the speakers will be 
prepared after the deadline for receiving outlines has passed. Copies 
of the agenda will be available free of charge at the hearing, and via 
the Federal eRulemaking Portal (www.Regulations.gov) under the title of 
Supporting & Related Material. If no outline of the topics to be 
discussed at the hearing is received by August 9, 2024, the public 
hearing will be cancelled. If the public hearing is cancelled, a notice 
of cancellation of the public hearing will be published in the Federal 
Register.
    Individuals who want to testify in person at the public hearing 
must send an email to [email protected] to have your legal name 
added to the building access list. The subject line of the email must 
contain the regulation number REG-115710-22 and the language ``TESTIFY 
In Person.'' For example, the subject line may say: Request to TESTIFY 
In Person at Hearing for REG-115710-22.
    Individuals who want to testify by telephone at the public hearing 
must send an email to [email protected] to receive the telephone 
number and access code for the hearing. The subject line of the email 
must contain the regulation number REG-115710-22 and the language 
``TESTIFY Telephonically.'' For example, the subject line may say: 
Request to TESTIFY Telephonically at Hearing for REG-115710-22.
    Individuals who want to attend the public hearing in person without 
testifying must also send an email to [email protected] to have 
your legal name added to the building access list. The subject line of 
the email must contain the regulation number REG-115710-22 and the 
language ``ATTEND In Person.'' For example, the subject line may say: 
Request to ATTEND Hearing In Person for REG-115710-22. Requests to 
attend the public hearing must be received by 5:00 p.m. ET on August 
22, 2024.
    Individuals who want to attend the public hearing by telephone 
without testifying must also send an email to [email protected] to 
receive the telephone number and access code for the hearing. The 
subject line of the email must contain the regulation number REG-
115710-22 and the language ``ATTEND Hearing Telephonically.'' For 
example, the subject line may say: Request to ATTEND Hearing 
Telephonically for REG-115710-22. Requests to attend the public hearing 
must be received by 5:00 p.m. ET on August 22, 2024.
    Any questions regarding speaking at or attending a public hearing 
may also be emailed to [email protected].

Oluwafunmilayo A. Taylor,
Section Chief, Publications and Regulations Section, Associate Chief 
Counsel, (Procedure and Administration).
[FR Doc. 2024-15717 Filed 7-17-24; 8:45 am]
BILLING CODE 4830-01-P