[Unified Agenda of Federal Regulations]
[Department of the Treasury Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]
_______________________________________________________________________
Part XV
Department of the Treasury
_______________________________________________________________________
Semiannual Regulatory Agenda
=======================================================================
DEPARTMENT OF THE TREASURY (TREAS)
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)
Departmental Offices (DO)
_______________________________________________________________________
DEPARTMENT OF THE TREASURY
31 CFR Subtitle A, Chs. I and II
Semiannual Agenda
AGENCY: Departmental Offices, Treasury.
ACTION: Semiannual agenda.
_______________________________________________________________________
SUMMARY: This notice is given pursuant to the requirements of the
``Regulatory Flexibility Act'' (Pub. L. 96-354, September 19, 1980) and
Executive Order 12866 (``Regulatory Planning and Review,'' September
30, 1993), which require the publication of a semiannual agenda of
regulations. The semiannual agenda of the Department of the Treasury
conforms to the Unified Agenda format developed by the Regulatory
Information Service Center (RISC).
FOR FURTHER INFORMATION CONTACT: For additional information about a
specific Departmental Offices regulation, contact the ``Agency
Contact'' listed in the specific regulatory action.
Dated: March 6, 1994.
Edward S. Knight,
Executive Secretary.
Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2866 31 CFR 103 Money Laundering Through International Payments........................... 1505-AA37
2867 17 CFR 402 Revisions to the Government Securities Act Regulations; Financial
Responsibility; Minimum Capital Requirements.......................................... 1505-AA44
2868 31 CFR 10 Revision of Circular 230; Practice Before the Internal Revenue Service..... 1505-AA45
2869 31 CFR 103 Bank Secrecy Act Regulations; Transmittal Orders for Funds Transfers and
Transmittal of Funds by Financial Institutions........................................ 1505-AA46
2870 17 CFR 405 Revisions to the Government Securities Act Regulations; Early Warning
Level................................................................................. 1505-AA48
----------------------------------------------------------------------------------------------------------------
Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2871 31 CFR 10 Due Diligence Standards With Respect to Persons Practicing Before the
Internal Revenue Service.............................................................. 1505-AA17
2872 31 CFR 21 Restrictions on Lobbying................................................... 1505-AA35
2873 31 CFR 103 Mandatory Aggregation of Currency Transactions for Certain Financial
Institutions and Mandatory Magnetic Media Reporting of Currency Transaction Reports... 1505-AA41
----------------------------------------------------------------------------------------------------------------
Departmental Offices--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2874 17 CFR 403 Revisions to the Government Securities Act Regulations; Mortgage-Backed
Securities............................................................................ 1505-AA42
----------------------------------------------------------------------------------------------------------------
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2866. MONEY LAUNDERING THROUGH INTERNATIONAL PAYMENTS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 31 USC 5314; 31 USC 5318
CFR Citation: 31 CFR 103
Legal Deadline: Final, Statutory, December 31, 1993.
Title XV, PL 102-550.
Abstract: This rule, issued under the Bank Secrecy Act, addresses the
problem of money laundering through international payments, especially
wire transfers of funds.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 10/31/89 54 FR 45769
ANPRM Comment Period End 01/02/90 54 FR 45770
NPRM 10/15/90 55 FR 41696
NPRM Comment Period End 11/29/90 55 FR 41696
Comment Period Extended to 01/
15/91 12/05/90 55 FR 50192
Second NPRM 08/31/93 58 FR 46014
Second NPRM Comment Period End 10/04/93 58 FR 46014
Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Agency Contact: Linda Noonan, Senior Counsel for Financial Enforcement,
Department of the Treasury, Room 2000, Washington, DC 20220, 202 622-
1934
RIN: 1505-AA37
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2867. REVISIONS TO THE GOVERNMENT SECURITIES ACT REGULATIONS; FINANCIAL
RESPONSIBILITY; MINIMUM CAPITAL REQUIREMENTS
Legal Authority: 31 USC 3121; 31 USC 9110; 15 USC 78o-5
CFR Citation: 17 CFR 402; 17 CFR 404
Legal Deadline: None
Abstract: The proposal would raise the minimum capital requirements for
all government securities brokers and dealers subject to the
requirements of 17 CFR 402.2 and establish a written notification
requirement for certain withdrawals of capital. This proposal is a
companion rule to Security and Exchange Commission's previously
proposed revised minimum capital requirements for brokers and dealers
subject to the requirements of 17 CFR 240.15c3-1 and final rules
regarding the withdrawal of capital.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/00/94
NPRM Comment Period End 06/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Donald V. Hammond, Assistant Director, Government
Securities Regulations Staff, Department of the Treasury, Bureau of the
Public Debt, Room 209, 999 E Street NW., Washington, DC 20239-0001, 202
219-3632
RIN: 1505-AA44
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2868. REVISION OF CIRCULAR 230; PRACTICE BEFORE THE INTERNAL REVENUE
SERVICE
Significance:
Subject to OMB review: Undetermined
Legal Authority: 5 USC 301; 31 USC 321; 31 USC 330
CFR Citation: 31 CFR 10
Legal Deadline: None
Abstract: This rule would amend the regulations governing the practice
of individuals before the Internal Revenue Service, and affect
individuals who are eligible to practice before the Service. The
regulations would (1) establish tax return preparation standards and
prescribe the circumstances under which a practitioner could be
disciplined for violations; (2) prohibit contingent fees for preparing
tax returns; (3) extend certain existing restrictions governing limited
practice before the Service to all individuals eligible to engage in
limited practice; (4) establish expedited proceedings to temporarily
suspend, in cases where certain determinations have been made by
independent bodies, individuals from practice before the Service; and
(5) permit attorneys and certified public accountants in good standing
to obtain or retain enrolled agent status.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/08/92 57 FR 46356
NPRM Comment Period End 11/16/92 57 FR 46356
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: David L. Meyer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, Office of the Assistant Chief
Counsel (Income Tax and Accounting), Washington, DC 20224, 202 622-6232
RIN: 1505-AA45
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2869. BANK SECRECY ACT REGULATIONS; TRANSMITTAL ORDERS FOR FUNDS
TRANSFERS AND TRANSMITTAL OF FUNDS BY FINANCIAL INSTITUTIONS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 31 USC 5311 to 5322; 12 USC 1829b; 12 USC 1951 to
1959
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This document proposes to amend Treasury's regulations under
the Bank Secrecy Act to require a bank or nonbank financial institution
that acts as a transmittor's financial institution in a transmittal of
funds to include certain information in the transmittal order when
sending it to the receiving financial institution.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/31/93 58 FR 46021
NPRM Comment Period End 10/04/93 58 FR 46021
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter Djinis, Director, Office of Financial
Enforcement, Department of the Treasury, 1500 Pennsylvania Avenue NW.,
Room 4320, Washington, DC 20220, 202 622-0400
RIN: 1505-AA46
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2870. REVISIONS TO THE GOVERNMENT SECURITIES ACT REGULATIONS;
EARLY WARNING LEVEL
Significance:
Subject to OMB review: Undetermined
Legal Authority: PL 99-571, sec 101; PL 101-432, sec 4(b); PL 103-202,
sec 106
CFR Citation: 17 CFR 405
Legal Deadline: None
Abstract: This rule will reduce the regulatory burden on registered
government securities brokers and dealers by eliminating the
requirement to submit supplemental reports to the Securities and
Exchange Commission and other regulators when capital is deficient.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/00/94
NPRM Comment Period End 08/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Don Hammond, Acting Director, Government Securities
Regulations Staff, Department of the Treasury, Bureau of the Public
Debt, 999 E Street NW., Washington, DC 20239-0001, 202 219-3632
RIN: 1505-AA48
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2871. DUE DILIGENCE STANDARDS WITH RESPECT TO PERSONS PRACTICING BEFORE
THE INTERNAL REVENUE SERVICE
Significance:
Subject to OMB review: Undetermined
Legal Authority: 5 USC 301; 31 USC 330; 31 USC 321
CFR Citation: 31 CFR 10
Legal Deadline: None
Abstract: The proposed regulation would modify the current regulations
governing practice before the Internal Revenue Service by clarifying
the requirements relating to due diligence standards imposed on tax
practitioners.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/14/86 51 FR 29113
Extend Public Comment Period to
11/13/86 08/27/86 51 FR 30510
NPRM Comment Period End 10/14/86 51 FR 29113
Extend Public Comment Period to
02/13/87 11/06/86 51 FR 40340
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Leslie S. Shapiro, Director of Practice, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 535-6787
RIN: 1505-AA17
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2872. RESTRICTIONS ON LOBBYING
Significance:
Subject to OMB review: Yes
Legal Authority: 31 USC 321; 31 USC 1352
CFR Citation: 31 CFR 21
Legal Deadline: None
Abstract: This document constitutes the Department of the Treasury's
participation in a common rulemaking to prohibit certain recipients of
Federal contracts, grants, and loans from using appropriated funds for
lobbying the executive or legislative branches of the Federal
Government in connection with a specific contract, grant, or loan.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 02/26/90 55 FR 6736
Interim Final Rule Effective
Date 02/26/90 55 FR 6736
Interim Final Rule Comment
Period End 04/27/90 55 FR 6736
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: State, Local
Agency Contact: Cathy Thomas, Office of Management Programs
Directorate, Department of the Treasury, Room 2217, Washington, DC
20220, 202 343-0249
RIN: 1505-AA35
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2873. MANDATORY AGGREGATION OF CURRENCY TRANSACTIONS FOR CERTAIN
FINANCIAL INSTITUTIONS AND MANDATORY MAGNETIC MEDIA REPORTING OF CURRENCY
TRANSACTION REPORTS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 12 USC 1929b; 12 USC 1951 to 1959; 31 USC 5311 to
5326
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This regulation would require that banks with deposits of
over $100 million maintain systems to aggregate currency transactions
that, at a minimum, are conducted by or on behalf of account holders at
the bank and that affect an account during a business day; and require
currency dealers and exchanges (including check cashers) and
transmitters of funds, regardless of asset size, to maintain systems
and procedures to aggregate currency transactions that are conducted by
or on behalf of customers at the financial institution during a
business day. The regulation also would require financial institutions
that file more than 1,000 Currency Transaction Reports a year to file
by use of magnetic media.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 09/06/90 55 FR 36663
NPRM Comment Period End 12/05/90 55 FR 36663
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter Djinis, Director, Office of Financial
Enforcement, Department of the Treasury, 1500 Pennsylvania Avenue NW.,
Room 4320, Washington, DC 20220, 202 622-0400
RIN: 1505-AA41
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Departmental Offices (DO)
_______________________________________________________________________
2874. REVISIONS TO THE GOVERNMENT SECURITIES ACT REGULATIONS; MORTGAGE-
BACKED SECURITIES
Legal Authority: 31 USC 3121; 31 USC 9110; 15 USC 78o-5
CFR Citation: 17 CFR 403
Legal Deadline: None
Abstract: The proposed regulations would implement a buy-in requirement
for: (1) mortgage-backed securities that are in a fail-to-receive
status for more than 60 days, and (2) all Government securities that
are needed to complete a sell order of a customer (other than a short
sale) if the securities have not been received from the customer within
10 business days after the settlement date.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/17/91 56 FR 15529
NPRM Comment Period End 06/16/91 56 FR 15529
Final Action 02/28/94 59 FR 9403
Final Action Effective 04/29/94 59 FR 9403
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Clifford Rones, Attorney-Advisor, Government Securities
Regulations Staff, Department of the Treasury, Bureau of the Public
Debt, Room 209, 999 E Street NW., Washington, DC 20239-0001, 202 219-
3632
RIN: 1505-AA42
[FR Doc. 94-7125 Filed 04-22-94; 8:45 am]
BILLING CODE 4810-25-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)
Financial Management Service (FMS)
_______________________________________________________________________
Fiscal Service
31 CFR Ch. II
Semiannual Agenda
AGENCY: Financial Management Service, Treasury.
ACTION: Semiannual agenda.
_______________________________________________________________________
SUMMARY: This notice is given pursuant to the requirements of the
``Regulatory Flexibility Act'' (Pub. L. 96-354, September 19, 1980) and
Executive Order 12866 (Regulatory Planning and Review, September 30,
1993), which require publication of a semiannual agenda of regulations
under development or review.
FOR FURTHER INFORMATION CONTACT: For additional information about a
specific regulation contained in this agenda, contact the ``Agency
Contact'' listed in the specific regulatory action.
SUPPLEMENTARY INFORMATION: It is hereby certified that the majority of
the proposed regulations will not have a significant economic impact on
a substantial number of small entities; accordingly, a regulatory
flexibility analysis is not required.
Dated: March 25, 1994.
Russell D. Morris,
Commissioner.
Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2875 31 CFR 210 (Revision) Federal Payments, Collections, and Other Transactions Made
Through Financial Institutions by the Automated Clearing House Method................. 1510-AA17
2876 31 CFR 204 Withdrawal of Cash From the Treasury for Cash Advances Under Federal
Programs.............................................................................. 1510-AA35
2877 31 CFR 225 (Revision) Acceptance of Bonds, Notes or Other Obligations Issued or
Guaranteed by the United States as Security in Lieu of Surety or Sureties on Penal
Bonds................................................................................. 1510-AA36
2878 31 CFR 203 (Revision) Treasury Tax & Loan Depositaries............................... 1510-AA37
2879 31 CFR 205 (Revision) Rules and Procedures for Funds Transfers....................... 1510-AA38
----------------------------------------------------------------------------------------------------------------
Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2880 31 CFR 209 Payment to Financial Institutions for Credit to Accounts of Employees and
Beneficiaries......................................................................... 1510-AA30
----------------------------------------------------------------------------------------------------------------
Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2881 31 CFR 235 Issuance of Settlement Checks for Forged Checks Drawn on Designated
Depositaries.......................................................................... 1510-AA32
2882 31 CFR 206 Management of Federal Agency Receipts, Disbursements, and Operation of the
Cash Management Improvements Fund..................................................... 1510-AA34
----------------------------------------------------------------------------------------------------------------
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2875. FEDERAL PAYMENTS, COLLECTIONS, AND OTHER TRANSACTIONS MADE THROUGH
FINANCIAL INSTITUTIONS BY THE AUTOMATED CLEARING HOUSE METHOD
Legal Authority: 31 USC 3720; 31 USC 3335; 31 USC 321; 5 USC 5525; 31
USC 3322; 31 USC 3332; 31 USC 3321
CFR Citation: 31 CFR 210 (Revision)
Legal Deadline: None
Abstract: Revision of 31 CFR part 210 will attempt reconciliation of
Government Automated Clearing House (ACH) regulations and private
industry rules as set forth by the National Automated Clearing House
Association. The revision will broaden the use of the ACH method
through establishing the Government as an ACH receiver. Also, the
provision will pursue a totally electronic environment by establishing
a regulatory framework for automation of all related parts of the ACH
process.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/00/94
Final Action 07/00/94
Small Entities Affected: None
Government Levels Affected: Undetermined
Agency Contact: Gary Grippo, Financial Program Specialist, Cash
Management Policy and Planning Division, Department of the Treasury,
Financial Management Service, 401 14th Street SW., Washington, DC
20227, 202 874-6955
RIN: 1510-AA17
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2876. WITHDRAWAL OF CASH FROM THE TREASURY FOR CASH ADVANCES
UNDER FEDERAL PROGRAMS
Significance:
Subject to OMB review: Yes
Regulatory Plan entry: Yes
Legal Authority: 5 USC 301; 31 USC 321; 31 USC 3335; 31 USC 6503
CFR Citation: 31 CFR 204
Legal Deadline: None
Abstract: This regulation will govern cash advances of Federal Program
Funds on non-state recipients. It is intended to be a recodification of
the rules that existed at 31 CFR part 205 from 1967 to 1992, which were
eliminated when Part 205 was revised to implement the Cash Management
Improvement Act. This regulation merely reestablishes those rules. This
regulation prevents premature and excessive cash advances to grant and
other program recipients, and is intended to minimize the amount of
Federal cash held outside the Treasury.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/00/94
NPRM Comment Period End 09/00/94
Final Action 11/00/94
Final Action Effective 12/00/94
Small Entities Affected: None
Government Levels Affected: State, Local, Tribal, Federal
Agency Contact: Gary Grippo, Financial Program Specialist, Department
of the Treasury, Financial Management Service, 401 14th St. S.W. Room
524, Washington, DC 20227, 202 874-6955
RIN: 1510-AA35
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2877. ACCEPTANCE OF BONDS, NOTES OR OTHER OBLIGATIONS ISSUED OR
GUARANTEED BY THE UNITED STATES AS SECURITY IN LIEU OF SURETY OR SURETIES
ON PENAL BONDS
Significance:
Subject to OMB review: Yes
Regulatory Plan entry: Undetermined
Legal Authority: 31 USC 321; 31 USC 9301; 31 USC 9303
CFR Citation: 31 CFR 225 (Revision)
Legal Deadline: None
Abstract: This regulation was last updated in 1978. Since that time,
several significant changes have taken place in pledging securities.
The most significant has been the advent of book-entry securities.
There have been no identified costs to government, business or
individuals. The benefit of this revision will be the addition of
flexibility to federal agencies to design operating procedures that
consider the unique characteristics of their operations, systems,
policies, legislation, regulations and expectations of their customers
and programs.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/00/94
NPRM Comment Period End 05/00/94
Small Entities Affected: None
Government Levels Affected: Federal
Agency Contact: Samuel Stokes, Financial Program Specialist, Department
of the Treasury, Financial Management Service, Room 571B, 401 14th St
SW., Washington, DC20227, 202 874-7078
RIN: 1510-AA36
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2878. TREASURY TAX & LOAN DEPOSITARIES
Significance:
Subject to OMB review: Yes
Economically significant: Yes
Regulatory Plan entry: Undetermined
Legal Authority: 31 USC 3122; 31 USC 323; 12 USC 265; 12 USC 391
CFR Citation: 31 CFR 203 (Revision)
Legal Deadline: None
Abstract: Revision of 31 CFR part 203 in accordance with the
development and implementation of the electronic Federal Tax Payment
System. This will replace the current Federal Tax Deposit (TT&L)
System. There will be little (unknown at this time) costs to develop
this regulation. The benefits will be the elimination of one day float
and Federal Tax Deposit coupons for TT&L deposits. This rule will also
mandate electronic funds transfer for Federal tax payments.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/94
NPRM Comment Period End 01/00/95
Small Entities Affected: Businesses
Government Levels Affected: Undetermined
Agency Contact: Ajay K. Madan, Financial Program Specialist, Cash
Management Policy & Planning Division, Department of the Treasury,
Financial Management Service, 401 14th St. S.W. Room 515B, Washington,
DC 20227, 202 874-6590
RIN: 1510-AA37
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2879. RULES AND PROCEDURES FOR FUNDS TRANSFERS
Significance:
Subject to OMB review: Yes
Regulatory Plan entry: Yes
Legal Authority: 5 USC 301; 31 USC 321; 31 USC 3335; 31 USC 6501; 31
USC 6503
CFR Citation: 31 CFR 205 (Revision)
Legal Deadline: None
Abstract: This regulation governs the transfer of Federal Assistance
Funds to State governments and implements the Cash Management
Improvement Act of 1990, as amended. Revisions to the regulation will
address concerns raised by both State and Federal agencies about
intergovernmental financing. Rules and procedures for funds transfers
will be revised to provide more options and greater flexibility. In
addition, the revisions will alleviate fiscal and administrative
burdens placed on States by the current regulation. On the whole, the
regulatory changes will save money, particularly for State governments.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/00/94
NPRM Comment Period End 04/00/94
Final Action 06/00/94
Final Action Effective 07/00/94
Small Entities Affected: None
Government Levels Affected: State, Federal
Agency Contact: Gary Grippo, Financial Program Specialist, Department
of the Treasury, Financial Management Service, 401 14th St. S.W. Room
524, Washington, DC 20227, 202 874-6955
RIN: 1510-AA38
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2880. PAYMENT TO FINANCIAL INSTITUTIONS FOR CREDIT TO ACCOUNTS OF
EMPLOYEES AND BENEFICIARIES
Significance:
Subject to OMB review: Yes
Legal Authority: 31 USC 321; 31 USC 3322; 31 USC 3332
CFR Citation: 31 CFR 209
Legal Deadline: None
Abstract: A Supplemental Notice of Proposed Rulemaking (NPRM) was
published on August 4, 1993. The Supplemental NPRM revised the language
of 31 CFR Section 209.4(c) to make the issuance of composite checks
discretionary. The current language, which makes such checks mandatory
in certain situations, is more restrictive than the language of the
underlying statute. The revised language will be consistent with the
underlying statutory authority.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/04/92 57 FR 57400
NPRM Comment Period End 01/04/93 57 FR 57400
Supplemental NPRM Comment Period
Ends 09/03/93 08/04/93 58 FR 41449
Final Action 06/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: The Financial Management Service revised and
clarified 31 CFR 209 in a Notice of Proposed Rule Making published
December 12, 1992. This revision generalized the regulation to show
that financial institutions may receive payment on behalf of a Federal
Government payment recipient by Electronic Funds Transfer or check. The
intended effect of this notice is to clarify the meaning of the rule by
revising the language to comply with current operating procedures. In
addition, the word ``shall'' is to be changed to ``may'' in 209.4(c) to
give agencies the discretion to NOT issue Direct Deposit checks. This
will make that part of the rule conform with the authorizing language.
The initial agency contact for the NPRM was Donna Kotelnicki (202) 874-
6871.
Agency Contact: Gary Grippo, Financial Program Specialist, Collection
Modernization Division, Department of the Treasury, Financial
Management Service, Room 523F, 401 14th Street SW., Washington, DC
20227, 202 874-6955
RIN: 1510-AA30
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Financial Management Service (FMS)
_______________________________________________________________________
2881. ISSUANCE OF SETTLEMENT CHECKS FOR FORGED CHECKS DRAWN ON DESIGNATED
DEPOSITARIES
Legal Authority: 31 USC 3343; 31 USC 321; PL 100-86, Title X, sec 1005
CFR Citation: 31 CFR 235
Legal Deadline: None
Abstract: This rule amends existing regulations governing the issuance
of settlement checks drawn on the United States Treasury and drawn on
designated depositaries of the United States by accountable officers of
the United States, that have been negotiated and paid on a forged or
unauthorized endorsement. The changes are required due to the fact that
the Check Forgery Insurance Fund has been closed pursuant to 31 USC
1555 which provides for closure of accounts where there have been no
disbursements over a 2 year period.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/04/92 57 FR 52605
NPRM Comment Period End 01/04/93 57 FR 52605
Withdrawn 03/25/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Ronald Brooks, Program Analyst, Financial Processing
Division, Department of the Treasury, Financial Management Service,
Room 800F, 3700 East-West Highway, Hyattsville, MD 20782, 202 874-8480
RIN: 1510-AA32
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Financial Management Service (FMS)
_______________________________________________________________________
2882. MANAGEMENT OF FEDERAL AGENCY RECEIPTS, DISBURSEMENTS, AND OPERATION
OF THE CASH MANAGEMENT IMPROVEMENTS FUND
Significance:
Subject to OMB review: Yes
Legal Authority: 5 USC 301; 31 USC 321; 31 USC 3301; 31 USC 3302; 31
USC 3321; 31 USC 3327; 31 USC 3328; 31 USC 3332; 31 USC 3335; 31 USC
3720; 31 USC 6503
CFR Citation: 31 CFR 206
Legal Deadline: None
Pub. L. No. 102-589 removed the deadline for promulgation of
regulations.
Abstract: This regulation revises collection and deposit regulations
requiring timely methods for the collection and deposit of Federal
funds. The revisions, authorized by the Deficit Reduction Act of 1984
and the Cash Management Improvement Act of 1990, as amended, require
executive agencies to use electronic funds transfer in the collection
and disbursement of Federal funds. Noncompliance by agencies may result
in a charge equal to the cost of noncompliance to the Treasury's
General Fund. By implementing the Act, the amended regulations will
ensure efficient and effective collection and disbursement of Federal
funds. These regulations have as a goal the electronic collection and
disbursement of all Federal funds when cost effective and practicable.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/05/93 58 FR 41902
NPRM Comment Period End 09/07/93 58 FR 41902
Final Action Final Rule
Published 01/31/94 59 FR 4535
Final Action Effective 03/02/94 59 FR 4535
Small Entities Affected: None
Government Levels Affected: Federal
Agency Contact: Donald Clark, Financial Program Specialist, Cash
Management Policy & Planning Division, Department of the Treasury,
Financial Management Service, 401 14th Street SW., Washington, DC
20227, 202 874-6657
RIN: 1510-AA34
[FR Doc. 94-7871 Filed 04-22-94; 8:45 am]
BILLING CODE 4810-35-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
Bureau of Alcohol, Tobacco and Firearms
27 CFR Ch. I
[Notice No. 790]
Unified Agenda of Federal Regulations
AGENCY: Bureau of Alcohol, Tobacco and Firearms (ATF), Treasury.
ACTION: General notice; Unified Agenda of Federal Regulations of
regulatory projects under development, consideration, and review.
_______________________________________________________________________
SUMMARY: Pursuant to section 4 of Executive Order 12866 entitled
``Regulatory Planning and Review,'' ATF is publishing an agenda of
proposed regulations that are expected to be issued and of proposed
regulations that have been issued and an agenda of existing regulations
that are being reviewed under the terms of the Executive order within
the next 6 months. The latter agenda also lists regulatory projects
identified for review pursuant to the ATF Regulatory Reform Program.
Pursuant to section 610 of the Regulatory Flexibility Act (Pub. L. 96-
354; 5 U.S.C. 610), ATF is also indicating whether a regulatory project
is likely to have a significant economic impact upon a substantial
number of small entities.
This general notice is designed to give the public adequate
notice of the regulatory activities being contemplated by ATF.
The agenda is based on information available at the present
time. The next Unified Agenda of Federal Regulations will be
published in the Federal Register of October 1994.
FOR FURTHER INFORMATION CONTACT: For information about any particular
regulatory project, contact the person listed in the subheading
``Agency Contact'' for the regulatory project.
For general information about this general notice, contact
Angela Shanks, Revenue Programs Division, Bureau of Alcohol,
Tobacco and Firearms, 650 Massachusetts Avenue NW., Washington, DC
20226, (202) 927-8230.
Issuance
By direction of the Secretary of the Treasury, this general
notice reads as set forth below.
Dated: February 14, 1994.
Daniel R. Black,
Acting Director.
Bureau of Alcohol, Tobacco and Firearms--Prerule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2883 27 CFR 4 Use of Term ``Reserve'' on Wine Labels...................................... 1512-AB25
----------------------------------------------------------------------------------------------------------------
Bureau of Alcohol, Tobacco and Firearms--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2884 27 CFR 250 Recodification of 27 CFR Part 250 as 27 CFR Part 26....................... 1512-AA69
2885 27 CFR 27 Recodification of 27 CFR Part 251 as 27 CFR Part 27........................ 1512-AA72
2886 27 CFR 7 Standard of Identity for Malt Liquor........................................ 1512-AA95
2887 27 CFR 252 Recodification of 27 CFR Part 252 as 27 CFR Part 28....................... 1512-AA98
2888 27 CFR 4 Grape Wine Designation--Gamay Beaujolais.................................... 1512-AB08
2889 27 CFR 6 Revision of the Trade Practice Regulations.................................. 1512-AB10
2890 27 CFR 25.205 Home Brew Warehouses for the Production of Beer for Personal or Family
Use................................................................................... 1512-AB18
2891 27 CFR 24.246 New Wine Treating Materials and Processes.............................. 1512-AB26
2892 27 CFR 4 Nutrition Labeling for Wine, Distilled Spirits, and Malt Beverages.......... 1512-AB29
2893 27 CFR 178 Brady Bill Regulations.................................................... 1512-AB23
2894 27 CFR 178 Handgun Factor and Criteria............................................... 1512-AB24
2895 27 CFR 285 27 CFR Part 285, Manufacture of Cigarette Papers and Tubes................ 1512-AA33
2896 27 CFR 290 Exportation of Tobacco Products and Cigarette Papers and Tubes, Without
Payment of Tax, or With Drawback of Tax............................................... 1512-AB03
----------------------------------------------------------------------------------------------------------------
Bureau of Alcohol, Tobacco and Firearms--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2897 27 CFR 9 American Viticultural Areas................................................. 1512-AA07
2898 27 CFR 197 Nonbeverage Drawback...................................................... 1512-AA20
2899 27 CFR 4 Winegrape Varietal Designations............................................. 1512-AA67
2900 27 CFR 7 Alcoholic Content Labeling for Malt Beverages............................... 1512-AB17
2901 27 CFR 5.23(a)(3)(ii) Alteration of Class and Type Vodka............................. 1512-AB22
2902 27 CFR 425a(d) to 425a(e) Multistate Appellations of Origin for Contiguous States.... 1512-AB28
2903 27 CFR 70.511 to 70.526 27 CFR Part 70--Conference and Practice Requirements for the
Bureau of Alcohol, Tobacco and Firearms............................................... 1512-AB11
2904 27 CFR 71.21 27 CFR Part 71--Publicity of Information................................ 1512-AB21
2905 27 CFR 70 Certification of Periods of Interest with Respect To Certain Overpayments.. 1512-AB27
----------------------------------------------------------------------------------------------------------------
Bureau of Alcohol, Tobacco and Firearms--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2906 27 CFR 4 Wine Labeling Amendments.................................................... 1512-AA31
2907 27 CFR 16 Health Warning Statement on Labels of Alcoholic Beverages: Request for
Information........................................................................... 1512-AA82
2908 27 CFR 24.182 Wine Treating Materials and Processes.................................. 1512-AA89
2909 27 CFR 70.61 27 CFR Part 70--Delegation of Authority To Accept Checks and Waive
Penalties............................................................................. 1512-AB12
----------------------------------------------------------------------------------------------------------------
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2883. USE OF TERM ``RESERVE'' ON WINE LABELS
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4
Legal Deadline: None
Abstract: ATF is considering amending the regulations to include a
definition for the term ``reserve'' when used on wine labels.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 03/17/94 59 FR 12566
ANPRM Comment Period End 06/15/94
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: James Ficaretta, Coordinator, Department of the
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts
Avenue NW., Washington, DC 20226, 202 927-8230
RIN: 1512-AB25
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2884. RECODIFICATION OF 27 CFR PART 250 AS 27 CFR PART 26
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 7651 to 7652; PL 85-859; 26 USC 5314; 26 USC
7805
CFR Citation: 27 CFR 250
Legal Deadline: None
Abstract: As part of the recodification of part 250, we plan to
simplify, consolidate and/or eliminate as many sections of regulations
as possible by placing particular emphasis on reducing the number of
recordkeeping requirements, forms, and customs responsibilities.
Wherever possible, we plan to utilize proprietor's commercial records
in lieu of requiring the proprietor to submit public use forms. These
changes to part 250 should considerably reduce the burden hours on
industry.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 09/08/92 57 FR 40885
ANPRM Comment Period End 10/08/92
ANPRM Comment Period Extended 10/15/92 57 FR 47319
ANPRM Comment Period Extended
End 12/07/92
NPRM 10/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Gail Hosey, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8210
RIN: 1512-AA69
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2885. RECODIFICATION OF 27 CFR PART 251 AS 27 CFR PART 27
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 27; 27 CFR 251
Legal Deadline: None
Abstract: To update and clarify regulations relating to the importation
of distilled spirits, wine, and beer and to incorporate related ATF
Rulings into the regulations. To reduce or eliminate certain reporting
requirements and reduce burden on industry.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 09/08/92 57 FR 40886
ANPRM Comment Period End 10/08/92
ANPRM Comment Period Extended 10/15/92 57 FR 47319
ANPRM Comment Period Extended
End 12/07/92
NPRM 12/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Ed Reisman, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8210
RIN: 1512-AA72
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2886. STANDARD OF IDENTITY FOR MALT LIQUOR
Legal Authority: 27 USC 205(e)
CFR Citation: 27 CFR 7
Legal Deadline: None
Abstract: A coalition of consumer organizations has petitioned ATF to
establish a standard of identity for the labeling of malt liquor.
Currently there are no standards of identity for any malt beverages.
ATF is considering proposing standards of identity for the various
classes and types of malt beverages.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 04/19/93 58 FR 21126
ANPRM Comment Period End 07/19/93
ANPRM Comment Period Extended 07/19/93 58 FR 38542
ANPRM Comment Period Extended
End 09/17/93
NPRM 12/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Charles Bacon, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8230
RIN: 1512-AA95
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2887. RECODIFICATION OF 27 CFR PART 252 AS 27 CFR PART 28
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 252
Legal Deadline: None
Abstract: To update and clarify regulations relating to the exportation
of distilled spirits, wine, and beer and to incorporate related ATF
Rulings into the regulations. To reduce or eliminate certain reporting
requirements and reduce burden on industry.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 09/08/92 57 FR 40887
ANPRM Comment Period End 10/08/92
ANPRM Comment Period Extended 10/15/92 57 FR 47320
ANPRM Comment Period Extended
End 12/07/92
NPRM 10/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Gail Hosey, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8210
RIN: 1512-AA98
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2888. GRAPE WINE DESIGNATION--GAMAY BEAUJOLAIS
Legal Authority: 27 USC 205(e)
CFR Citation: 27 CFR 4
Legal Deadline: None
Abstract: Gamay Beaujolais has been used as a term to identify certain
wines made from pinot noir or Napa Gamay grapes. Since Gamay Beaujolais
is not the name of a grape variety, its usage on wine labels may be
incorrect. A notice of proposed rulemaking will consider labeling
requirements for use of this term. This rulemaking project was formerly
included in rulemaking for winegrape varietal designation, RIN 1512-
AA67.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/05/94 59 FR 15878
NPRM Comment Period End 07/05/94
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: James Hunt, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8230
RIN: 1512-AB08
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2889. REVISION OF THE TRADE PRACTICE REGULATIONS
Significance:
Subject to OMB review: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 6; 27 CFR 8; 27 CFR 10; 27 CFR 11
Legal Deadline: None
Abstract: The intent of the proposed revisions and amendments will be
to define permitted market practices within the existing statutory
framework as well as to update, simplify, and/or clarify various
interpretations of the Federal Alcohol Administration Act and to
incorporate the findings of the Fedway Associates, Inc., decision.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Marjorie Ruhf, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8230
RIN: 1512-AB10
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2890. HOME BREW WAREHOUSES FOR THE PRODUCTION OF BEER FOR PERSONAL OR
FAMILY USE
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 5051; 26 USC 5053(e)
CFR Citation: 27 CFR 25.205; 27 CFR 25.206
Legal Deadline: None
Abstract: ATF is considering issuing regulations relating to ``Home
Brew Warehouses.'' Under the exemption provided at 26 U.S.C. 5053(e),
adults may produce beer for personal family use without payment of tax.
Since there is no restriction on the place where such beer may be
produced, home brew warehouses have come into existence as commercial
establishments where adults may produce such beer. Regulations may
require home brew warehouses to provide notice to ATF and to keep
certain records.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Charles Bacon, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8230
RIN: 1512-AB18
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2891. NEW WINE TREATING MATERIALS AND PROCESSES
Legal Authority: 26 USC 5382; 26 USC 5368; 26 USC 5388
CFR Citation: 27 CFR 24.246; 27 CFR 24.248
Legal Deadline: None
Abstract: This regulation will allow winemakers to use new wine
treating materials and processes in the production, cellar treatment,
and finishing off wine, if such materials and processes are found by
the wine industry to be in accordance with ``good commercial
practice.'' No alternatives are being considered. No cost is associated
with this action, this action will benefit winemakers by giving them
more tools to produce quality wine and will benefit consumers by
ensuring that more quality wine is available for purchase.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Robert White, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8230
RIN: 1512-AB26
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2892. NUTRITION LABELING FOR WINE, DISTILLED SPIRITS, AND MALT
BEVERAGES
Legal Authority: 27 USC 205(e)
CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7
Legal Deadline: None
Abstract: ATF is considering amending the regulations to require
nutrition labeling for wine distilled spirits and malt beverages. Based
on a petition it has received, the Bureau wishes to gather information
by inviting comments from the public and industry as to whether the
regulations should be amended to provide for nutrition information on
labels of alcoholic beverages.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 08/10/93 58 FR 42417
ANPRM Comment Period Extended 10/27/93 58 FR 57763
ANPRM Comment Period End 11/08/93
ANPRM Comment Period Extended
End 02/07/94
NPRM 08/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: James Ficaretta, Coordinator, Department of the
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts
Avenue NW., Washington, DC 20226, 202 927-8230
RIN: 1512-AB29
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
FIREARMS
_________________________________________________________________________
2893. BRADY BILL REGULATIONS
Significance:
Subject to OMB review: Undetermined
Legal Authority: 5 USC 552(a); 18 USC 847; 18 USC 921 to 930; 44 USC
3504(h)
CFR Citation: 27 CFR 178
Legal Deadline: None
Abstract: ATF is issuing this temporary rule, and notice of proposed
rulemaking, to implement the provisions of Public Law 103-159,
including the Brady Handgun Violence Prevention Act. The regulations
implement the law by imposing a 5-day waiting period before a licensed
firearms importer, manufacturer, or dealer may lawfully transfer a
handgun to a nonlicensed individual.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 02/14/94 59 FR 7115
Interim Final Rule 02/14/94 59 FR 7110
Interim Final Rule Effective 02/28/94
NPRM Comment Period End 05/16/94
Final Action 10/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: James Ficaretta, Coordinator, Department of the
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts
Avenue NW., Washington, DC 20226, 202 927-8230
RIN: 1512-AB23
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
FIREARMS
_________________________________________________________________________
2894. HANDGUN FACTOR AND CRITERIA
Significance:
Subject to OMB review: Undetermined
Legal Authority: 5 USC 552(a); 18 USC 847; 18 USC 921 to 930; 44 USC
3504(h)
CFR Citation: 27 CFR 178
Legal Deadline: None
Abstract: ATF is considering amending and codifying handgun factoring
criteria used to evaluate foreign handguns.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Larry White, Specialist, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8320
RIN: 1512-AB24
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
TOBACCO PRODUCTS
_________________________________________________________________________
2895. 27 CFR PART 285, MANUFACTURE OF CIGARETTE PAPERS AND TUBES
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 7805 (68A Stat 917)
CFR Citation: 27 CFR 285
Legal Deadline: None
Abstract: To reduce or eliminate administrative and recordkeeping
burdens under 27 CFR part 285.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Mary Wood, Specialist, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington DC 20226, 202 927-8230
RIN: 1512-AA33
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
TOBACCO PRODUCTS
_________________________________________________________________________
2896. EXPORTATION OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES,
WITHOUT PAYMENT OF TAX, OR WITH DRAWBACK OF TAX
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 290
Legal Deadline: None
Abstract: ATF is proposing the recodification of 27 CFR part 290 in
order to reduce recordkeeping and reporting requirements. This proposal
will provide for the use of commercial records in lieu of U.S. Customs'
supervision and certification. The elimination of the certification
forms as well as other forms will also result from this proposal.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 09/08/92 57 FR 40889
ANPRM Comment Period End 10/08/92
ANPRM Comment Period Extended 01/08/93 58 FR 3247
ANPRM Comment Period Extended
End 03/09/93
NPRM 12/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Mary Wood, Specialist, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8210
RIN: 1512-AB03
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2897. AMERICAN VITICULTURAL AREAS
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: Establishes grape-growing regions as American viticultural
areas for purposes of labeling and advertising of wine.
Timetable:
Hames Valley, CA (contact Robert White) NPRM 10/27/93 (58 FR
57764) NPRM Comment Period End 12/27/93 Final Action 03/25/94 (59 FR
14098) Final Action Effective 04/28/94
Lake Wisconsin, WI (contact Robert White) NPRM 09/14/93 (58 FR
49949) NPRM Comment Period End 10/25/93 Final Action 01/05/94 (59 FR
537) Final Action Effective 02/04/94
Mt. Veeder, CA (contact David Brokaw) NPRM 08/19/93 (58 FR
44152) NPRM Comment Period End 10/04/93 Final Action 12/13/93 (58 FR
65123) Final Action Effective 01/12/94
Seiad Valley, CA (contact Marj Ruhf) NPRM 01/11/94 (59 FR 1510) NPRM
Comment Period End 03/14/94 Final Action 05/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: See Timetable, American Viticultural Areas, Department
of the Treasury, Bureau of Alcohol, Tobacco and Firearms, 650
Massachusetts Avenue NW., Washington DC 20226, 202 927-8230
RIN: 1512-AA07
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2898. NONBEVERAGE DRAWBACK
Legal Authority: 26 USC 5131
CFR Citation: 27 CFR 197
Legal Deadline: None
Abstract: To update, clarify, simplify, and recodify the regulations
relating to drawback of tax on distilled spirits used in the
manufacture of non-beverage products.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/29/87 52 FR 28286
NPRM Comment Period End 10/29/87
NPRM 08/31/92 57 FR 39536
NPRM Comment Period End 09/30/92
NPRM Comment Period Extended 10/01/92 57 FR 45357
NPRM Comment Period Extended End10/30/92
Final Action 09/00/94
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: SMALL ENTITIES CONT: This regulation affects
approximately 500 small entities.
Agency Contact: Steve Simon, Specialist, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8210
RIN: 1512-AA20
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2899. WINEGRAPE VARIETAL DESIGNATIONS
Legal Authority: 27 USC 205(e)
CFR Citation: 27 CFR 4
Legal Deadline: None
Abstract: This proposal would establish a list of winegrape varietal
names which may be used as the type designation on American wine
labels. Establishment of this list will standardize labeling
terminology and make labels less confusing for consumers to read. They
will also assist in more accurate identification of wines labeled with
the grape variety used.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 02/04/86 51 FR 4392
NPRM Comment Period End 04/07/86
NPRM Comment Period Extended 04/08/86 51 FR 11944
NPRM Comment Period Extended End07/07/86
NPRM 09/03/92 57 FR 40380
NPRM Comment Period End 10/05/92
NPRM Comment Period Extended 10/26/92 57 FR 48487
NPRM Comment Period Extended End12/28/92
Final Action 05/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Charles Bacon, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8230
RIN: 1512-AA67
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2900. ALCOHOLIC CONTENT LABELING FOR MALT BEVERAGES
Legal Authority: 27 USC 205(e)
CFR Citation: 27 CFR 7
Legal Deadline: None
Abstract: A 10/28/92 Decision in the U.S. District Court for the
District of Colorado held that the Federal Alcohol Administration Act
prohibition against the statement of Alcoholic content on malt beverage
labels is unconstitutional under the first amendment. ATF will issue an
interim rule amending 27 CFR part 7 to permit the optional statement of
alcoholic content on malt beverage labels. This rule is intended to
provide guidelines on the form of statement, type size, placement and
tolerances for statements of alcoholic content. Based on public
comments and the outcome of future court actions, ATF will determine
whether to make statements of alcoholic content mandatory on malt
beverage labels.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/19/93 58 FR 21233
Interim Final Rule 04/19/93 58 FR 21228
NPRM Comment Period End 07/19/93
NPRM Comment Period Extended 07/19/93 58 FR 38543
NPRM Comment Period Extended End09/17/93
Final Action 12/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Charles Bacon, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8230
RIN: 1512-AB17
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2901. ALTERATION OF CLASS AND TYPE VODKA
Significance:
Economically significant: Undetermined
Legal Authority: 26 USC 5301; 26 USC 7805; 27 USC 205
CFR Citation: 27 CFR 5.23(a)(3)(ii)
Legal Deadline: None
Abstract: ATF is proposing to amend 27 CFR section 5.23(a)(3)(ii)
authorizing the use of a trace amount of citric acid in the production
of vodka without changing its designation as vodka, because citric acid
is not an essential component of vodka. Also, ATF is proposing to amend
27 CFR Section 5.23 which regulates additions of Section 5.22(a)(i)
which is the standard of identity for vodka. Under this proposal, vodka
made with a greater concentration of citric acid would be designated
``Flavored Vodka'' or labeled with a fanciful name under 27 CFR part 5.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Rule 08/27/93 58 FR 45251
Final Rule Effective 08/27/93
NPRM 09/01/93 58 FR 46141
NPRM Comment Period End 10/18/93
NPRM Comment Period Extended 10/18/93 58 FR 53682
NPRM Comment Period Extended End01/03/94
Final Action 08/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: David W. Brokaw, Coordinator, Department of the
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts
Avenue NW., Washington, DC 20226, 202 927-8230
RIN: 1512-AB22
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2902. MULTISTATE APPELLATIONS OF ORIGIN FOR CONTIGUOUS STATES
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 425a(d) to 425a(e)
Legal Deadline: None
Abstract: ATF is proposing to amend its regulations to liberalize the
requirements for using a multistate appellation of origin on a wine
label.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/14/93 58 FR 65295
NPRM Comment Period End 01/13/94
NPRM Comment Period Extended 01/18/94 59 FR 2548
NPRM Comment Period Extended End03/21/94
Final Action 07/00/94
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: David Brokaw, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8230
RIN: 1512-AB28
_______________________________________________________________________
PROCEDURAL
_________________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2903. 27 CFR PART 70--CONFERENCE AND PRACTICE REQUIREMENTS FOR THE BUREAU
OF ALCOHOL, TOBACCO AND FIREARMS
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 70.511 to 70.526
Legal Deadline: None
Abstract: To document the adoption of certain conference and practice
rules from IRS regulations in 26 CFR part 600 to ATF regulations in 27
CFR part 70. Currently the conference and practice regulations for ATF
are still found in 26 CFR part 600 which is administered by IRS. By
this final rule Sections 601.521 through 601.525 are adopted in whole
and applicable sections of 601.501 through 601.509 are adopted in part
and placed in 27 CFR part 70 which is administered by ATF.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 09/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Nancy Bryce, Specialist, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8220
RIN: 1512-AB11
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2904. 27 CFR PART 71--PUBLICITY OF INFORMATION
Legal Authority: 5 USC 301; 5 USC 552
CFR Citation: 27 CFR 71.21; 27 CFR 71.24 to 71.28
Legal Deadline: None
Abstract: To incorporate into 27 CFR part 71 the requirements of the
Freedom of Information Reform Act 1986 and the Department of the
Treasury regulation, 31 CFR Part 1. These regulations incorporate
changes relating to the establishment of fees to be charged for search,
review and duplication of records in response to Freedom of Information
Act requests.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 06/00/94
Small Entities Affected: None
Government Levels Affected: Federal
Agency Contact: Nancy Bryce, Specialist, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8220
RIN: 1512-AB21
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2905. CERTIFICATION OF PERIODS OF INTEREST WITH RESPECT TO
CERTAIN OVERPAYMENTS
Significance:
Subject to OMB review: Undetermined
Legal Authority: 5 USC 301; 5 USC 552; 26 USC 4181 to 4182; 26 USC
5146; 26 USC 5203; 26 USC 5207; 26 USC 5275; 26 USC 5367; 26 USC 5415;
26 USC 5504; 26 USC 5555; 26 USC 5684(a); 26 USC 5741; 26 USC 6301; 26
USC 6303; ...
CFR Citation: 27 CFR 70
Legal Deadline: None
Abstract: ATF plans to clarify that for offsets made since December 31,
1982, interest does not continue to accrue on any portion of an
overpayment after it has been credited against the taxpayers liability
for interest.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 09/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Allison Stevens, Specialist, Department of the
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts
Avenue NW., Washington, DC 20226, 202 927-8220
RIN: 1512-AB27
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
2906. WINE LABELING AMENDMENTS
Legal Authority: 27 USC 205(e); 27 USC 205(f)
CFR Citation: 27 CFR 4
Legal Deadline: None
Abstract: Wine labeling issues addressed: (1) Transported grapes to
retain viticultural area designation; (2) Certain wines allowed ``other
than standard'' on label; (3) Harvest date for fruit, berry and
agricultural wines; (4) Another use of the term ``Estate Bottled''.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/19/92 57 FR 27401
NPRM Comment Period End 07/20/92
NPRM Comment Period Extended 07/27/92 57 FR 33139
NPRM Comment Period Extended End08/21/92
Final Action 03/29/94 59 FR 14551
Final Action Effective 04/28/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: James Hunt, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington DC 20226, 202 927-8230
RIN: 1512-AA31
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
2907. HEALTH WARNING STATEMENT ON LABELS OF ALCOHOLIC BEVERAGES: REQUEST
FOR INFORMATION
Legal Authority: 27 USC 215; 27 USC 217
CFR Citation: 27 CFR 16
Legal Deadline: None
Abstract: ATF is issuing this notice to obtain information which will
enable the agency to make a determination as to whether the wording of
the alcohol health warning statement should be amended. This action is
taken by ATF in order to comply with section 206 of the Alcoholic
Beverage Labeling Act of 1988 which requires a report to Congress if
current available scientific information justifies a revision in the
health warning statement.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/08/91 56 FR 10066
NPRM Comment Period End 07/08/91
Withdrawn 01/12/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: James Ficaretta, Coordinator, Department of the
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts
Avenue NW., Washington, DC 20226, 202 927-8230
RIN: 1512-AA82
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
2908. WINE TREATING MATERIALS AND PROCESSES
Legal Authority: 26 USC 5382; 26 USC 5368; 26 USC 5388
CFR Citation: 27 CFR 24.182; 27 CFR 24.246; 27 CFR 24.248; 27 CFR
24.257
Legal Deadline: None
Abstract: This regulation will allow winemakers to use new wine
treating materials and processes in the production, cellar treatment,
and finishing of wine, if such materials and processes are found by the
wine industry to be in accordance with ``good commercial practice.'' No
alternatives are being considered. No cost is associated with this
action. This action will benefit winemakers by giving them more tools
to produce quality wine and will benefit consumers by ensuring that
more quality wine is available for purchase. This regulation will also
allow a slightly more liberal alcohol label tolerance for wines under 7
percent alcohol by volume. This action is being taken because of the
difficulty producers of the new light wine cooler products have in
meeting the current alcohol label tolerance requirements. No other
alternatives are being considered. No cost is associated with this
action. This action will benefit producers of light wine cooler
products by liberalizing alcohol label tolerance requirements which
have been found to be too restrictive.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/03/92 57 FR 23357
NPRM Comment Period End 07/06/92
Final Action 10/07/93 58 FR 52222
Final Action Effective 11/08/93
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Robert White, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8230
RIN: 1512-AA89
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
2909. 27 CFR PART 70--DELEGATION OF AUTHORITY TO ACCEPT CHECKS AND WAIVE
PENALTIES
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 70.61; 27 CFR 70.77; 27 CFR 70.96 to 70.99; 27
CFR 70.74
Legal Deadline: None
Abstract: To expand the responsibilities of the ``Chief, Tax Processing
Center'' by giving that office the authority to accept checks and waive
penalties. This delegation will make the enforced collection process
more efficient.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 01/18/94 59 FR 2521
Final Action Effective 01/18/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Nancy Bryce, Specialist, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226, 202 927-8220
RIN: 1512-AB12
[FR Doc. 94-7126 Filed 04-22-94; 8:45 am]
BILLING CODE 4810-31-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)
Comptroller of the Currency (OCC)
_______________________________________________________________________
Comptroller of the Currency
12 CFR Ch. I
Semiannual Agenda of Regulatory Actions
AGENCY: Office of the Comptroller of the Currency, Treasury.
ACTION: Semiannual agenda of regulations.
_______________________________________________________________________
SUMMARY: As required by the Regulatory Flexibility Act and Executive
Order 12866, the Office of the Comptroller of the Currency (OCC) has
prepared this semiannual agenda of its rules and regulations currently
under review and scheduled for review. Regulatory actions taken since
the publication of the OCC's previous semiannual agenda on October 25,
1993 (58 FR 56803), are also included. It is expected that this
semiannual agenda will enable the public to be more aware of and allow
it to more effectively participate in the OCC's regulatory activity.
ADDRESSES: The mailing address for all contacts: Office of the
Comptroller of the Currency, 250 E Street SW., Washington, DC 20219.
FOR FURTHER INFORMATION CONTACT: For general information about this
semiannual agenda, contact John Ference, Financial/Regulatory Analyst,
Legislative, Regulatory, and International Activities Division, (202)
874-5090.
For further information about a particular item on this
semiannual agenda, contact the individual identified as the contact
person.
SUPPLEMENTARY INFORMATION: Set forth below are regulatory projects
currently under review or scheduled for review. Some of these
regulations may be issued jointly with other Federal Government
agencies.
Dated: February 24, 1994.
William P. Bowden, Jr.,
Chief Counsel.
Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2910 12 CFR 4.19 Production of Documents and Testimony in Litigation Where the Comptroller
or the Office Is Not a Party.......................................................... 1557-AA57
2911 12 CFR 4.11 Description of Office, Procedures, Public Information; Supervision of
Bank Operations....................................................................... 1557-AA67
2912 12 CFR 32 Lending Limits............................................................. 1557-AA72
2913 12 CFR 9 Fiduciary Powers of National Banks and Collective Investment Funds.......... 1557-AB12
2914 12 CFR 3 Capital Rules............................................................... 1557-AB14
2915 12 CFR 19 Independent Annual Audits of Insured Depository Institutions; Suspension
and Debarment of Accountants.......................................................... 1557-AB15
2916 12 CFR 5 International Operations; Federal Branches and Agencies..................... 1557-AB26
2917 12 CFR 5 Rules, Policies, and Procedures for Corporate Activities.................... 1557-AB27
2918 12 CFR 1 Investment Securities....................................................... 1557-AB37
2919 12 CFR 7 Interpretive Rulings........................................................ 1557-AB38
2920 12 CFR 26 Management Official Interlocks............................................. 1557-AB39
2921 12 CFR 31 Extensions of Credit to National Bank Insiders............................. 1557-AB40
----------------------------------------------------------------------------------------------------------------
Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2922 12 CFR 16 Securities Offering Disclosure Rules....................................... 1557-AA65
2923 12 CFR 4 Women-, Minorities-, and Individuals with Disabilities-Owned Business
Contracting Outreach Program.......................................................... 1557-AA92
2924 12 CFR 30 Standards for Safety and Soundness......................................... 1557-AB17
2925 12 CFR 21.11 Criminal Referral Report................................................ 1557-AB19
2926 12 CFR 25 Community Reinvestment Act Regulation...................................... 1557-AB32
2927 12 CFR 27 Fair Housing Home Loan Data System......................................... 1557-AB33
2928 12 CFR 34 Real Estate Lending and Appraisals......................................... 1557-AB34
----------------------------------------------------------------------------------------------------------------
Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2929 12 CFR 9.18 Fiduciary Powers of National Banks and Collective Investment Funds....... 1557-AA04
2930 12 CFR 5.33 Rules, Policies, and Procedures for Corporate Activities; Merger,
Consolidation, Purchase, and Assumption............................................... 1557-AB22
2931 12 CFR 18.10 Disclosure of Financial and Other Information by National Banks;
Prohibited Conduct and Penalties...................................................... 1557-AB24
2932 12 CFR 24 Community Development Corporation and Project Investments.................. 1557-AB31
2933 12 CFR 35 Agricultural Loan Loss Amortization........................................ 1557-AB35
----------------------------------------------------------------------------------------------------------------
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2910. PRODUCTION OF DOCUMENTS AND TESTIMONY IN LITIGATION WHERE THE
COMPTROLLER OR THE OFFICE IS NOT A PARTY
Legal Authority: 5 USC 301; 5 USC 552(b); 18 USC 641; 18 USC 1905; 18
USC 1906; 12 USC 93a; 12 USC 481
CFR Citation: 12 CFR 4.19; 12 CFR 4.18(c); 12 CFR 7.6025(c); 12 CFR
4.18(a); 12 CFR 4.18(b); 12 CFR 4.16(b); 12 CFR 4.13 to 4.17a
Legal Deadline: None
Abstract: This rulemaking would amend OCC's regulations governing the
release of confidential and privileged documents and testimony for use
in litigation in which the OCC is not a party. The OCC is considering
changing the rule to spell out the requirements for a request for such
release, and the situations under which release might be authorized.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Lester N. Scall, Senior Trial Attorney, Department of
the Treasury, Comptroller of the Currency, Litigation Division, 250 E
Street SW., Washington, DC 20219, 202 874-5280
RIN: 1557-AA57
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2911. DESCRIPTION OF OFFICE, PROCEDURES, PUBLIC INFORMATION; SUPERVISION
OF BANK OPERATIONS
Legal Authority: 12 USC 93a; 12 USC 164; 12 USC 481; 12 USC 1861 to
1867; 5 USC 552
CFR Citation: 12 CFR 4.11
Legal Deadline: None
Abstract: This rulemaking would amend OCC's regulations regarding
supervision of bank operations and reports of banks. The rule would
implement section 111 of the Federal Deposit Insurance Corporation
Improvement Act of 1991 and update information regarding reports
required.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/06/90 55 FR 31840
NPRM Comment Period End 09/05/90 55 FR 31840
Second NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Carol Robbins, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Bank Operations and Assets
Division, 250 E Street SW., Washington, DC 20219, 202 874-4460
RIN: 1557-AA67
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2912. LENDING LIMITS
Legal Authority: 12 USC 84; 12 USC 93a
CFR Citation: 12 CFR 32; 12 CFR 7
Legal Deadline: None
Abstract: The OCC, as part of the OCC Regulation Review Program, is
reviewing all its rules and eliminating regulations that impose
unnecessary burdens relative to maintaining safety and soundness and
accomplishing other statutory responsibilities of the OCC. As part of
that Program, the OCC is conducting an overall review of its rules
regarding lending limits. Further, to implement the President's Credit
Availability Program, the OCC will review this regulation and remove
any provisions that frustrate bank efforts to make credit available,
consistent with safety and soundness standards. The OCC would update
and clarify its rules and eliminate any unnecessary regulatory burden.
The OCC will work to insure that its changes do not affect a bank's
ability to compete in the financial services market and erode bank
safety and soundness.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 02/11/94 59 FR 6593
NPRM Comment Period End 04/12/94 59 FR 6593
Final Action 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ADDITIONAL AGENCY CONTACTS: William C. Kerr,
National Bank Examiner, Office of the Chief National Bank Examiner,
(202) 874-5170; Stephen Freeland, Attorney, Bank Operations and Assets
Division, (202) 874-4460; Deborah Katz, Senior Attorney, Enforcement
and Compliance Division, (202) 874-4800; 250 E Street SW., Washington,
DC 20219.
Agency Contact: William Templeton, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative, Regulatory, and
International Activities Division, 250 E Street SW., Washington, DC
20219, 202 874-5090
RIN: 1557-AA72
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2913. FIDUCIARY POWERS OF NATIONAL BANKS AND COLLECTIVE INVESTMENT FUNDS
Legal Authority: 12 USC 92a; 12 USC 93a; 12 USC 481
CFR Citation: 12 CFR 9
Legal Deadline: None
Abstract: The OCC, as part of the OCC Regulation Review Program, is
reviewing all its rules and eliminating regulations that impose
unnecessary burdens relative to maintaining safety and soundness and
accomplishing other statutory responsibilities of the OCC. As part of
that Program, the OCC is conducting an overall review of its rules
regarding fiduciary powers of national banks and collective investment
funds. The OCC would update and clarify its rules, codify recent court
decisions, codify administrative decisions, streamline processes, and
eliminate any unnecessary regulatory burden. The OCC will work to
insure that its changes do not erode public protection or bank safety
and soundness. The OCC expects various rulemaking projects to grow out
of this review.
Timetable:
Part 9 Regulation Review NPRM 00/00/00
Ratable Distributions NPRM 12/22/92 (57 FR 60742) NPRM Comment Period
End 02/22/93 (57 FR 60742) Final Rule 00/00/00
Trust Funds Awaiting Investment or Distribution NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ADDITIONAL AGENCY CONTACT: Dean E. Miller,
Senior Advisor for Fiduciary Responsibilities, (202) 874-4447, 250 E
Street SW., Washington, DC 20219.
Agency Contact: Aline Henderson, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative, Regulatory, and
International Activities Division, 250 E Street SW., Washington, DC
20219, 202 874-5090
RIN: 1557-AB12
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2914. CAPITAL RULES
Significance:
Subject to OMB review: Undetermined
Legal Authority: 12 USC 93a; 12 USC 161; 12 USC 1828 Note; 12 USC 1831
Note; 12 USC 3907; 12 USC 3909
CFR Citation: 12 CFR 3
Legal Deadline: Final, Statutory, June 19, 1993.
Abstract: As part of the OCC's ongoing efforts to develop and refine
capital standards to ensure the safety and soundness of the national
banking system and to implement statutory requirements, the OCC is
proposing to amend various provisions of the capital rules for national
banks. Specifically, these changes include a: (1) proposed rule to
adopt an interest rate risk component; (2) proposed rule to clarify
that OCC may require additional capital to take into account excess
risk for concentrations of credit and for risks from nontraditional
activities; (3) final rule to lower the risk weight for certain
multifamily housing loans from 100 percent to 50 percent; (4) proposed
rule to limit the amount of deferred tax assets that a bank can include
in Tier 1 capital; (5) proposed rule to lower from 20 percent to zero
percent the risk weight on certain collateralized transactions which
have minimal risk; (6) proposed rule soliciting comment on whether
unrealized gains or losses on investment securities available for sale
under FAS 115 should be included in the calculation of Tier 1 capital;
(7) combined advance notice and proposed rule soliciting comment on the
appropriate capital (cont)
Timetable:
Collateralized Transactions NPRM 08/18/93 (58 FR 43822)
Concentrations/Nontraditional Activities ANPRM 08/10/92 (57 FR
35507) NPRM 02/22/94 (59 FR 8420)
Deferred Tax Assets NPRM 12/20/93 (58 FR 68065)
Interest Rate Risk ANPRM 08/10/92 (57 FR 35507) NPRM 09/14/93 (58 FR
48206)
Investment Securities NPRM 12/00/94
Multifamily Housing NPRM 09/17/92 (57 FR 42901) Final Rule 03/09/94
(59 FR 10946)
Netting of Derivatives NPRM 00/00/00
Recourse Arrangements Combined ANPRM/NPRM 10/00/94
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: ADDITIONAL AGENCY CONTACT: Roger Tufts, Senior
Economic Advisor, or Christina Benson, National Bank Examiner, Office
of the Chief National Bank Examiner, (202) 874-5270, 250 E Street S.W.,
Washington DC 20219.
ABSTRACT CONT: treatment of recourse arrangements and direct credit
substitutes; and (8) proposed rule soliciting comments on netting of
derivatives. Further, to implement the President's Credit Availability
Program, the OCC will review this regulation and remove any provisions
that frustrate bank efforts to make credit available, consistent with
safety and soundness considerations.
Agency Contact: Ronald Shimabukuro, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Bank Operations and Assets
Division, 250 E Street SW., Washington, DC 20219, 202 874-4460
RIN: 1557-AB14
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2915. INDEPENDENT ANNUAL AUDITS OF INSURED DEPOSITORY INSTITUTIONS;
SUSPENSION AND DEBARMENT OF ACCOUNTANTS
Legal Authority: 12 USC 93a; 12 USC 1831m
CFR Citation: 12 CFR 19
Legal Deadline: None
Abstract: This rulemaking would implement section 112(g)(4) of the
Federal Deposit Insurance Corporation Improvement Act of 1991 which
requires the Federal banking agencies to develop joint procedures for
the suspension and debarment of accountants, upon a showing of good
cause, from performing certain audit services.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Barrett Aldemeyer, Senior Counsel, Department of the
Treasury, Comptroller of the Currency, Legislative, Regulatory, and
International Activities Division, 250 E Street SW., Washington, DC
20219, 202 874-5090
RIN: 1557-AB15
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2916. INTERNATIONAL OPERATIONS; FEDERAL BRANCHES AND AGENCIES
Legal Authority: 12 USC 93a; 12 USC 3101 et seq
CFR Citation: 12 CFR 5; 12 CFR 28; 12 CFR 20
Legal Deadline: None
Abstract: The OCC, as part of the OCC Regulation Review Program, is
reviewing all its rules and eliminating regulations that impose
unnecessary burdens relative to maintaining safety and soundness and
accomplishing other statutory responsibilities of the OCC. As part of
that Program, the OCC is conducting an overall review of its rules
regarding national banks' international activities and the activities
of Federal branches and agencies of foreign banks in the United States.
The OCC will update and clarify its rules, streamline processes, and
eliminate any unnecessary regulatory burden. The OCC will work to
insure that its changes do not erode public protection or bank safety
and soundness.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Manpreet Singh, Attorney, Department of the Treasury,
Comptroller of the Currency, Legislative, Regulatory, and International
Activities Division, 250 E Street SW., Washington, DC 20219, 202 874-
5090
RIN: 1557-AB26
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2917. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES
Legal Authority: 12 USC 1 et seq; 12 USC 93a
CFR Citation: 12 CFR 5
Legal Deadline: None
Abstract: The OCC, as part of the OCC Regulation Review Program, is
reviewing all its rules and eliminating regulations that impose
unnecessary burdens relative to maintaining safety and soundness and
accomplishing other statutory responsibilities of the OCC. Under this
Program, the OCC is reviewing its rules, policies, and procedures
governing corporate activities. These rulemakings will assist the OCC
in fulfilling its responsibility for maintaining the safety and
soundness of national banks and the national banking system, eliminate
unnecessary burden, and improve OCC efficiency.
Timetable:
Change in Bank Control NPRM 05/10/93 (58 FR 27443) Final Rule 05/00/
94
Mergers and Consolidations Interim Final Rule 11/03/92 (57 FR
49639) Final Rule 05/00/94
Part 5 Regulation Review NPRM 05/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ADDITIONAL AGENCY CONTACT: Deborah Jan Kalmus,
National Bank Examiner, Senior Licensing Policy and Systems Analyst,
Licensing Policy and Systems Division, at (202) 874-5060.
Agency Contact: Laurie Sears, Attorney, Department of the Treasury,
Comptroller of the Currency, Legislative, Regulatory, and International
Activities Division, 250 E Street SW., Washington, DC 20219, 202 874-
5090
RIN: 1557-AB27
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2918. INVESTMENT SECURITIES
Legal Authority: 12 USC 1 et seq; 12 USC 24 (Seventh); 12 USC 93a
CFR Citation: 12 CFR 1
Legal Deadline: None
Abstract: The OCC, as part of the OCC Regulation Review Program, is
reviewing all its rules and eliminating regulations that impose
unnecessary burdens relative to maintaining safety and soundness and
accomplishing other statutory responsibilities of the OCC. As part of
that Program, the OCC is conducting an overall review of its rules
regarding investment securities. The OCC would update and clarify its
rules, codify recent court decisions, codify administrative decisions,
streamline processes, and eliminate any unnecessary regulatory burden.
The OCC will work to insure that its changes do not erode public
protection or bank safety and soundness.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Martha Clarke, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative, Regulatory, and
International Activities Division, 250 E Street SW., Washington, DC
20219, 202 874-5090
RIN: 1557-AB37
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2919. INTERPRETIVE RULINGS
Legal Authority: 12 USC 93a
CFR Citation: 12 CFR 7
Legal Deadline: None
Abstract: The OCC, as part of the OCC Regulation Review Program, is
reviewing all its rules and eliminating regulations that impose
unnecessary burdens relative to maintaining safety and soundness and
accomplishing other statutory responsibilities of the OCC. As part of
that program, the OCC is conducting a comprehensive review of the
interpretive rules in this part. The OCC would update and clarify its
provisions in order to eliminate any unnecessary regulatory burden. The
OCC will work to ensure that its revisions to this part do not
adversely affect a bank's ability to compete in the financial services
market or erode bank safety and soundness.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: William Templeton, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative, Regulatory, and
International, Activities Division, 250 E Street SW., Washington, DC
20219, 202 874-5090
RIN: 1557-AB38
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2920. MANAGEMENT OFFICIAL INTERLOCKS
Legal Authority: 12 USC 3207; 12 USC 93a
CFR Citation: 12 CFR 26
Legal Deadline: None
Abstract: The OCC, as part of the OCC Regulation Review program, is
reviewing all its rules and eliminating regulations that impose
unnecessary burdens relative to maintaining safety and soundness and
accomplishing other statutory responsibilities of the OCC. As part of
that Program, the OCC is conducting a comprehensive review of the
Management Interlocks regulations. The OCC would update and clarify its
regulation in order to eliminate any provisions that impose unnecessary
regulatory burdens relative to the anticompetitive concerns that
underlie the regulation. This review may also result in a proposal for
new exemptions to the regulation when the outcome would be pro-
competitive.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: William Templeton, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative, Regulatory, and
International, Activities Division, 250 E Street SW., Washington, DC
20219, 202 874-5090
RIN: 1557-AB39
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2921. EXTENSIONS OF CREDIT TO NATIONAL BANK INSIDERS
Legal Authority: 12 USC 375a(4); 12 USC 375b(3)
CFR Citation: 12 CFR 31
Legal Deadline: None
Abstract: The OCC, as part of the OCC Regulation Review Program, is
reviewing all its rules and eliminating regulations that impose
unnecessary burdens relative to maintaining safety and soundness and
accomplishing other statutory responsibilities of the OCC. As part of
that Program, the OCC is conducting an overall review of its rules
regarding loans to insiders. The OCC would update these rules as
needed.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ADDITIONAL AGENCY CONTACTS: Robert J. Hemming,
National Bank Examiner, Office of the Chief National Bank Examiner,
(202) 874-5170; Michele Meyer, Attorney, Bank Operations and Assets
Division, (202) 874-4460; 250 E Street, SW., Washington, DC 20219.
Agency Contact: Aline Henderson, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative, Regulatory, and
International, Activities Division, 250 E Street SW., Washington, DC
20219, 202 874-5090
RIN: 1557-AB40
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2922. SECURITIES OFFERING DISCLOSURE RULES
Legal Authority: 12 USC 1 et seq; 12 USC 93a
CFR Citation: 12 CFR 16; 12 CFR 5
Legal Deadline: None
Abstract: This rulemaking would amend the OCC's disclosure requirements
for offers and sales of national bank securities. The OCC is
considering eliminating regulations detailing the contents of offering
documents covering national bank securities and instead requiring that
offering documents contain the information that would be required by
the appropriate Securities and Exchange Commission (SEC) form for
registration. The OCC also is considering cross-referencing certain
definitions and exemptions in the Securities Act of 1933 as well as a
number of SEC rules.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/15/92 57 FR 47280
NPRM Comment Period End 12/14/92 57 FR 47280
NRPM Comment Period Extended to
02/01/93 01/22/93 58 FR 4600
Final Action 05/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Elizabeth Malone, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Securities, Investments, and
Fiduciary Practices Division, 250 E Street SW., Washington, DC 20219,
202 874-5210
RIN: 1557-AA65
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2923. WOMEN-, MINORITIES-, AND INDIVIDUALS WITH DISABILITIES-OWNED
BUSINESS CONTRACTING OUTREACH PROGRAM
Legal Authority: 12 USC 1 et seq; 12 USC 93a; 12 USC 1833e; 5 USC 552
CFR Citation: 12 CFR 4
Legal Deadline: None
Abstract: This rulemaking is being promulgated as mandated by the
Financial Institutions Reform, Recovery and Enforcement Act of 1989,
section 1216(c). The regulation will provide description of a
procurement outreach program that will further ensure that minorities,
women, and individuals with disabilities, and entities owned by these
individuals, to the greatest extent possible, are given the opportunity
to participate in OCC's contracting process.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/10/93 58 FR 59686
NPRM Comment Period End 01/10/94 58 FR 59686
Final Action 09/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ADDITIONAL AGENCY CONTACT: Mary Ellen Dorsey,
Outreach Program Specialist, Acquisitions Branch, (202) 874-5040, 250 E
Street SW., Washington, DC 20219.
Agency Contact: Patricia Grady, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative, Regulatory, and
International Activities Division, 250 E Street SW., Washington, DC
20219, 202 874-5090
RIN: 1557-AA92
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2924. STANDARDS FOR SAFETY AND SOUNDNESS
Significance:
Subject to OMB review: Undetermined
Legal Authority: 12 USC 93a; 12 USC 1831p-1
CFR Citation: 12 CFR 30
Legal Deadline: Final, Statutory, August 1, 1993.
Abstract: This rulemaking would implement section 39 of the Federal
Deposit Insurance Act, as added by section 132 of the Federal Deposit
Insurance Corporation Improvement Act of 1991. Section 39 requires the
OCC and other Federal banking agencies to prescribe certain safety and
soundness standards for insured depository institutions and depository
institution holding companies. Standards must be prescribed in three
principal areas: (1) operational and managerial; (2) asset quality,
earnings, and stock valuation; and (3) employee compensation. If an
insured depository institution does not meet one of these standards,
section 39 requires that the institution establish a plan, acceptable
to its primary regulator, to achieve compliance with the standard.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 07/15/92 57 FR 31336
ANPRM Comment Period End 09/16/92 57 FR 31336
NPRM 11/18/93 58 FR 60802
NPRM Comment Period End 01/03/94 58 FR 60802
Final Action 06/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ADDITIONAL AGENCY CONTACT: David Thede, Senior
Attorney, Bank Operations and Assets Division, (202) 874-4460, 250 E
Street SW., Washington, DC 20219.
Agency Contact: Emily R. McNaughton, National Bank Examiner, Department
of the Treasury, Comptroller of the Currency, Office of the Chief
National Bank Examiner, 250 E Street SW., Washington, DC 20219, 202
874-5170
RIN: 1557-AB17
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2925. CRIMINAL REFERRAL REPORT
Legal Authority: 12 USC 93a; 12 USC 1818; 12 USC 1881 to 1884; 12 USC
3401 to 3422
CFR Citation: 12 CFR 21.11
Legal Deadline: None
Abstract: The OCC, as part of an interagency task force, has designed a
uniform multiagency criminal referral form. The form will facilitate
financial institutions' compliance with criminal activity reporting
requirements, and will enhance law enforcement agencies' ability to
investigate the matters reported in the criminal referrals. The
information from the form will also be entered into a new interagency
database which will enhance the regulatory and law enforcement
agencies' ability to track criminal and administrative cases. This
uniform criminal referral form is intended to replace the various
criminal referral forms currently used by Federal bank, thrift, and
credit union regulatory agencies and by financial institutions. This
rulemaking would conform OCC's regulations to the new procedures for
completion and submission of the uniform criminal referral form. This
action is intended to improve reporting of crimes relating to financial
institutions and to serve as a basis for a new interagency computer
database.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 00/00/00
Small Entities Affected: None
Government Levels Affected: Federal
Agency Contact: Robert S. Pasley, Assistant Director, Department of the
Treasury, Comptroller of the Currency, Enforcement and Compliance
Division, 250 E Street SW., Washington, DC 20219, 202 874-4800
RIN: 1557-AB19
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2926. COMMUNITY REINVESTMENT ACT REGULATION
Significance:
Subject to OMB review: Yes
Legal Authority: 12 USC 21; 12 USC 22; 12 USC 26; 12 USC 27; 12 USC
30; 12 USC 36; 12 USC 93a; 12 USC 161; 12 USC 215; 12 USC 481; 12 USC
1814; 12 USC 1816; 12 USC 1818; 12 USC 1828(c); 12 USC 2901 to 2907
CFR Citation: 12 CFR 25
Legal Deadline: None
Abstract: The OCC, with the other Federal financial regulators, is
engaged in an overall review of the Community Reinvestment Act
Regulations. The agencies would provide clearer guidance to financial
institutions on the nature and extent of their CRA obligations and how
their performance will be assessed. The agencies intend to eliminate
unnecessary burden, enhance public protection, promote compliance, and
clarify the regulation. Further, to implement the President's Credit
Availability Program, the OCC will review this regulation and remove
any provisions that frustrate bank efforts to make credit available,
consistent with safety and soundness considerations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/21/93 58 FR 67466
NPRM Comment Period Extended to
02/22/94 02/03/94 59 FR 5138
NPRM Comment Period End 02/22/94 58 FR 67466
Final Action 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ADDITIONAL AGENCY CONTACT: Margaret Hesse,
Attorney, Bank Operations and Assets Division, (202) 874-4460, 250 E
Street, SW., Washington, DC 20219.
Agency Contact: Matthew Roberts, Special Counsel, Department of the
Treasury, Comptroller of the Currency, Chief Counsel's Office, 250 E
Street SW., Washington, DC 20219, 202 874-5200
RIN: 1557-AB32
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2927. FAIR HOUSING HOME LOAN DATA SYSTEM
Legal Authority: 12 USC 93a; 12 USC 161
CFR Citation: 12 CFR 27
Legal Deadline: None
Abstract: This rulemaking would amend the OCC's Fair Housing Home Loan
Data System (FHHLDS) to reduce recordkeeping requirements on national
banks. Some national banks currently must maintain duplicative
information under both the FHHLDS and the Home Mortgage Disclosure Act
(HMDA). This rulemaking would eliminate the FHHLDS monthly
recordkeeping requirement for those banks. HMDA Loan Application
Registers already maintained by national banks will be required to be
maintained on a monthly basis, and the reasons for denying a home loan
application must be provided. This action will reduce burden on
national banks.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/10/93 58 FR 27484
NPRM Comment Period End 07/09/93 58 FR 27484
Final Action 06/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: F. John Podvin, Jr., Attorney, Department of the
Treasury, Comptroller of the Currency, Bank Operations and Assets
Division, 250 E Street SW., Washington, DC 20219, 202 874-4460
RIN: 1557-AB33
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2928. REAL ESTATE LENDING AND APPRAISALS
Significance:
Subject to OMB review: Undetermined
Legal Authority: 12 USC 1 et seq; 12 USC 29; 12 USC 93a; 12 USC 371;
12 USC 481; 12 USC 1701j-3; 12 USC 3331 et seq
CFR Citation: 12 CFR 34; 12 CFR 34 app A; 12 CFR 7
Legal Deadline: None
Abstract: These rulemakings would examine whether amendments are
warranted to the OCC's regulation regarding appraisals of real estate
securing federally related transactions, and would codify portions of
the Uniform Standards of Professional Appraisal Practice (USPAP)
applicable to title XI of the Financial Institutions Reform, Recovery
and Enforcement Act of 1989.
Timetable:
Appraisals NPRM 06/04/93 (58 FR 31878) Final Rule 05/00/94
OREO NPRM 05/05/93 (58 FR 26695) Final Rule 09/02/93 (58 FR 46529)
USPAP Interim Final Rule 12/31/90 (55 FR 53610) Final Rule 05/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Horace Sneed, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Bank Operations and Assets
Division, 250 E Street SW., Washington, DC 20219, 202 874-4460
RIN: 1557-AB34
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2929. FIDUCIARY POWERS OF NATIONAL BANKS AND COLLECTIVE INVESTMENT FUNDS
Legal Authority: 12 USC 92a; 12 USC 93a; 12 USC 481
CFR Citation: 12 CFR 9.18
Legal Deadline: None
Abstract: This rulemaking would amend OCC's regulations governing the
exercise of fiduciary powers by national banks. The intent of the
amendment is twofold: First, it would codify recent court decisions
regarding collective Individual Retirement Account (IRA) funds; and
second, it would make less burdensome the requirements of 12 CFR 9.18,
regarding the management of collective investment funds by institutions
exercising fiduciary powers. Further, the rulemaking would preserve
appropriate protections for trusts and persons with interests therein.
In addition to codifying court decisions that national banks are
authorized to establish collective IRA funds registered with the
Securities and Exchange Commission under the Investment Company Act of
1940, the rulemaking would codify administrative decisions that
national banks are authorized to establish registered collective funds
whose assets consist of Keogh accounts or any other retirement accounts
authorized under sections 401 and 408 of the Internal Revenue Code (26
USC 401 and 408). The rulemaking would streamline the process for the
review of new types of funds, clarify the authorization for (cont)
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 06/25/82 47 FR 27833
ANPRM Comment Period End 09/23/82 47 FR 27833
NPRM 02/07/90 55 FR 04184
NPRM Comment Period End 07/08/90 55 FR 24581
Merged Into RIN 1557-AB12 03/01/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ABSTRACT CONT: investment by funds in variable-
amount notes, and clarify the status of certain tax-exempt funds.
ADDITIONAL AGENCY CONTACT: Dean E. Miller, Senior Advisor for Fiduciary
Responsibilities, (202) 874-4447, 250 E Street SW., Washington, DC
20219.
Agency Contact: Donald N. Lamson, Assistant Director, Department of the
Treasury, Comptroller of the Currency, Securities, Investment, and
Fiduciary Practices Division, 250 E Street SW., Washington, DC 20219,
202 874-5210
RIN: 1557-AA04
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2930. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; MERGER,
CONSOLIDATION, PURCHASE, AND ASSUMPTION
Legal Authority: 12 USC 1 et seq; 12 USC 93a
CFR Citation: 12 CFR 5.33
Legal Deadline: None
Abstract: This rulemaking would establish procedures for national banks
to follow in undertaking mergers or consolidations with Federal savings
associations as authorized by sections 501(a) and 502(b) of the Federal
Deposit Insurance Corporation Improvement Act of 1991. To the extent
possible, the procedures would parallel the statutory procedures
governing mergers and consolidations between national banks and State-
chartered financial institutions pursuant to 12 USC 214a, 215, and
215a.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule With Request
for Comments 11/03/92 57 FR 49639
Interim Final Rule Comment
Period Extended to 03/04/93 01/29/93 58 FR 6441
Merged into RIN 1557-AB27 01/24/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Jerome L. Edelstein, Senior Counsel, Department of the
Treasury, Comptroller of the Currency, Corporate Organization and
Resolutions Division, 250 E Street SW., Washington, DC 20219, 202 874-
5300
RIN: 1557-AB22
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2931. DISCLOSURE OF FINANCIAL AND OTHER INFORMATION BY NATIONAL BANKS;
PROHIBITED CONDUCT AND PENALTIES
Legal Authority: 12 USC 93a; 12 USC 161; 12 USC 1818
CFR Citation: 12 CFR 18.10
Legal Deadline: None
Abstract: This rulemaking would clarify that the prohibitions and
penalties set forth in 12 CFR 18.10 shall apply to institution-
affiliated parties, as defined at 12 USC 1813(u).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Project abandoned. 01/24/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Asa L. Chamberlayne, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Securities, Investments, and
Fiduciary Practices Division, 250 E Street SW., Washington, DC 20219,
202 874-5210
RIN: 1557-AB24
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2932. COMMUNITY DEVELOPMENT CORPORATION AND PROJECT INVESTMENTS
Legal Authority: 12 USC 24 (Eleventh); 12 USC 93a; 12 USC 161; 12 USC
481; 12 USC 1818
CFR Citation: 12 CFR 24; 12 CFR 7.7480
Legal Deadline: None
Abstract: This rulemaking implements section 6 of the Depository
Institutions Disaster Relief Act of 1992 which clarified national bank
authority to make investments in community development corporations
(CDCs) and community development projects (CD projects). The rule
allows national banks, under certain conditions, to increase the amount
of their aggregate and per project investments in CDCs and CD projects
above current investment limits, with OCC approval. The rule also
permits national banks without supervisory concerns to make certain CDC
and CD project investments by providing a brief self-certification
notice of compliance with the rule. The rulemaking promotes economic
growth by enabling national banks to increase their equity and special
debt investments in CDCs and CD projects, consistent with safe and
sound banking practices, for low-and moderate-income housing and small
and minority business development programs. Small banks without
supervisory concerns may make project or aggregate investments up to 5
percent of capital and surplus without OCC prior approval, if the
structures and activities planned are included (cont)
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/16/93 58 FR 38474
NPRM Comment Period End 08/16/93 58 FR 38474
Final Action 12/27/93 58 FR 68464
Final Action Effective 12/31/93 58 FR 68464
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ADDITIONAL AGENCY CONTACT: Margaret C. Hesse,
Attorney, Bank Operations and Assets Division, at (202) 874-4460.
ABSTRACT CONT: in those listed in the rule.
Agency Contact: Karen Bellesi, Community Development Specialist,
Department of the Treasury, Comptroller of the Currency, Community
Development Division, 250 E Street SW., Washington, DC 20219, 202 874-
4930
RIN: 1557-AB31
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2933. AGRICULTURAL LOAN LOSS AMORTIZATION
Legal Authority: 12 USC 93a
CFR Citation: 12 CFR 35
Legal Deadline: None
Abstract: This rulemaking would make amendments to the OCC's regulation
regarding agricultural loan loss amortization to discontinue the
program with regard to new applications. The rulemaking would also
provide a sunset provision to end the amortization program on December
31, 1993.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Project abandoned. Will
reconsider after statutory
expiration date. 01/14/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Daniel N. Berkland, National Bank Examiner, Department
of the Treasury, Comptroller of the Currency, Special Supervision
Division, 250 E Street SW., Washington, DC 20219, 202 874-4450
RIN: 1557-AB35
[FR Doc. 94-7681 Filed 04-22-94; 8:45 am]
BILLING CODE 4810-33-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)
United States Customs Service (CUSTOMS)
_______________________________________________________________________
Customs Service
19 CFR Ch. I
Semiannual Agenda
AGENCY: U.S. Customs Service, Treasury.
ACTION: Semiannual agenda.
_______________________________________________________________________
SUMMARY: In response to Executive Order 12866 ``Regulatory Planning and
Review'' and the Regulatory Flexibility Act (5 U.S.C. 605), Customs is
publishing for public information a list of regulations either under
development or under review.
FOR FURTHER INFORMATION CONTACT: For additional information about a
specific regulation contained in this agenda, contact the ``Agency
Contact'' listed in the specific regulatory action.
SUPPLEMENTARY INFORMATION: The projects listed below are not considered
to be ``significant regulatory actions'' within the meaning of E.O.
12866 and will not have a significant economic impact on small entities
within the meaning of the Regulatory Flexibility Act.
General statutory authority for the development or review of
regulations relating to Customs matters is found in section 301,
title 5, United States Code (5 U.S.C. 301), and in sections 66 and
1624, title 19, United States Code (19 U.S.C. 66, 1624). When
appropriate, additional specific statutory authority is indicated
as the legal authority for the project.
Dated: February 14, 1994.
Karen Hiatt,
Acting Assistant Commissioner, Commercial Operations.
United States Customs Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2934 19 CFR 111 Broker Compliance......................................................... 1515-AA85
2935 19 CFR 111.14 Contracting Out of Investigations...................................... 1515-AA90
2936 19 CFR 132 Quota Processing.......................................................... 1515-AA98
2937 19 CFR 101 Standards for the Establishment of Customs Services....................... 1515-AB18
2938 19 CFR 102 (New) Rules of Origin..................................................... 1515-AB19
2939 19 CFR 146 Petroleum Refineries in Foreign Trade Subzones............................ 1515-AB20
2940 19 CFR 142 Publication of Filer Codes................................................ 1515-AB27
2941 19 CFR 141 Identifying Merchandise Subject to Antidumping or Countervailing Duty
Orders................................................................................ 1515-AB32
----------------------------------------------------------------------------------------------------------------
United States Customs Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2942 19 CFR 4 Harbor Maintenance Fee...................................................... 1515-AA57
2943 19 CFR 162 Highest Degree of Care and Diligence To Prevent Unmanifested Narcotics and
Marijuana............................................................................. 1515-AA67
2944 19 CFR 10 United States-Israel Free Trade............................................ 1515-AA84
2945 19 CFR 24 Donated Cargo Exemption From Harbor Maintenance Fee........................ 1515-AA87
2946 19 CFR 122 Aircraft Arriving From Puerto Rico and U.S. Virgin Islands................ 1515-AA99
2947 19 CFR 103 Testimony or the Production of Documents in Court......................... 1515-AB02
2948 19 CFR 10 Voluntary Restraint Arrangements--Steel.................................... 1515-AB04
2949 19 CFR 7.8 U.S. Insular Possessions--Duty-Free Treatment............................. 1515-AB14
2950 19 CFR 141.89 Invoice Requirements................................................... 1515-AB17
2951 19 CFR 141 Prefiling of Entry Documentation.......................................... 1515-AB21
2952 19 CFR 113 Automated Surety Interface................................................ 1515-AB25
2953 19 CFR 133 Disclosure of Information to Intellectual Property Rights Owners.......... 1515-AB28
2954 19 CFR 4 Pay Reform for Customs Inspectional Services................................ 1515-AB30
2955 19 CFR 10 North American Free Trade Agreement........................................ 1515-AB33
2956 19 CFR 12 Rules for Determining the Country of Origin of a Good for Purposes of Annex
311 of the North American Free Trade Agreement........................................ 1515-AB34
2957 19 CFR 152 Customs Valuation of Merchandise Sold for Exportation to the United States 1515-AB35
----------------------------------------------------------------------------------------------------------------
United States Customs Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2958 19 CFR 4 Customs User Fees........................................................... 1515-AA50
2959 19 CFR 134 Country of Origin Marking................................................. 1515-AA59
2960 19 CFR 10 Marking Assembled Articles................................................. 1515-AB07
2961 19 CFR 19 Consolidation of In-Bond Export Shipments.................................. 1515-AB23
2962 19 CFR 18 Revision of In-Bond Requirements........................................... 1515-AB26
2963 19 CFR 10 Declarations Required To Be Filed With Certain Imported Works of Art
Entered Free of Duty.................................................................. 1515-AB29
2964 19 CFR 4 Reporting Requirements for Vessels, Vehicles, and Individuals............... 1515-AB31
----------------------------------------------------------------------------------------------------------------
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2934. BROKER COMPLIANCE
Significance:
Subject to OMB review: Undetermined
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 1641
CFR Citation: 19 CFR 111
Legal Deadline: None
Abstract: Amendment of Customs Regulations to permit more effective
management of the broker community's legal requirements and to allow
Customs to deal with operational problems dealing with brokers and to
facilitate processing license applications and the review of penalty
recommendations forwarded by District Directors.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Ray Janiszewski, Chief, Broker Compliance and
Evaluation Branch, Department of the Treasury, United States Customs
Service, Room 1422, 1301 Constitution Avenue NW., Washington, DC 20229,
202 927-0365
RIN: 1515-AA85
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2935. CONTRACTING OUT OF INVESTIGATIONS
Significance:
Subject to OMB review: Undetermined
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 1641; 19
USC 1551; 19 USC 1565; 19 USC 1623
CFR Citation: 19 CFR 111.14; 19 CFR 112
Legal Deadline: None
Abstract: Amends Customs regulations to permit the contracting out of
investigations which Customs is required to perform.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Frank Algozzini, Project Officer, Department of the
Treasury, United States Customs Service, Room B420, 1301 Constitution
Avenue NW., Washington, DC 20229, 202 927-0006
RIN: 1515-AA90
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2936. QUOTA PROCESSING
Legal Authority: 19 USC 1624; 19 USC 1202; 19 USC 66; 19 USC 1623
CFR Citation: 19 CFR 132; 19 CFR 141; 19 CFR 142
Legal Deadline: None
Abstract: Proposal to permit certain filers using the automated broker
interface who pay duties and taxes through the statement processing
program using the ACH electronic payment mechanism to receive a date
and time of presentation for quota merchandise consistent with the date
and time of arrival of the carrier on which the quota class merchandise
was carried even if the Customs office is not open at that time.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Linda Mays, Operations Officer, Department of the
Treasury, United States Customs Service, ICC Building, Room 2379, 1301
Constitution Avenue NW., Washington, DC 20229, 202 566-8592
RIN: 1515-AA98
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2937. STANDARDS FOR THE ESTABLISHMENT OF CUSTOMS SERVICES
Significance:
Subject to OMB review: Undetermined
Legal Authority: 5 USC 301; 19 USC 2; 19 USC 586; 19 USC 66; 19 USC
1202; 19 USC 1623; 19 USC 1624
CFR Citation: 19 CFR 101
Legal Deadline: None
Abstract: Notice of proposed rulemaking to amend part 101 to set forth
standards and procedures for the establishment of Customs services and
for the upgrading of existing facilities to port of entry status.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Joseph O'Gorman, Department of the Treasury, United
States Customs Service, Office of Inspection and Control, 1301
Constitution Avenue NW., Washington, DC 20229, 202 927-0543
RIN: 1515-AB18
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2938. RULES OF ORIGIN
Significance:
Subject to OMB review: Undetermined
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1304; 19
USC 1481; 19 USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC
1624; 46 USC app 3
CFR Citation: 19 CFR 102 (New); 19 CFR 4.80b(a); 19 CFR 10.12(e); 19
CFR 10.14(b); 19 CFR 10.171(c); 19 CFR 10.191(b)(3); 19 CFR 134.1(b),
(d), and (e); 19 CFR 134.35; 19 CFR 177.22(a)
Legal Deadline: None
Abstract: Rule setting forth uniform rules governing the determination
of the country of origin of imported merchandise.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 09/25/91 56 FR 48448
NPRM Comment Period End 01/09/92 56 FR 61214
New NPRM 01/03/94 59 FR 141
NPRM Comment Period End 04/04/94
Final Action 10/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: John Valentine, Attorney-Advisor, Department of the
Treasury, United States Customs Service, International Nomenclature
Staff, 1301 Constitution Avenue NW., Washington, DC 20229, 202 482-7000
RIN: 1515-AB19
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2939. PETROLEUM REFINERIES IN FOREIGN TRADE SUBZONES
Significance:
Subject to OMB review: Undetermined
Legal Authority: 19 USC 66; 19 USC 81a to 81u; 19 USC 1202, Gen Note
17, Harmonized Tariff Schedule of the US; 19 USC 1623; 19 USC 1624
CFR Citation: 19 CFR 146
Legal Deadline: None
Abstract: Rule to add special procedures and requirements governing the
operations of crude petroleum refineries approved as foreign trade
subzones, in implementation of section 9002 of the Technical and
Miscellaneous Revenue Act of 1988.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/10/92 57 FR 35530
NPRM Comment Period End 02/08/93 57 FR 55198
New NPRM 08/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Louis Hryniw, Supervisory Auditor, Department of the
Treasury, United States Customs Service, Room 2317, 1301 Constitution
Avenue NW., Washington, DC 20229, 202 927-0677
RIN: 1515-AB20
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2940. PUBLICATION OF FILER CODES
Significance:
Subject to OMB review: Undetermined
Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624
CFR Citation: 19 CFR 142; 19 CFR 143
Legal Deadline: None
Abstract: Provides for the publication of a list of filer codes and the
identity of individuals, licensed Customs brokers or importers assigned
the specific number. Publication will improve control for various
components of the trade community and reduce numerous problems for
Customs relating to entry processing requirements, but could also
provide a means to access commercial import information heretofore
treated as confidential by Customs.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 01/13/93 58 FR 4115
ANPRM Comment Period End 03/15/93
NPRM 10/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Paul Hegland, Attorney, Entry Rulings Branch,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Washington, DC 20229, 202 482-7040
RIN: 1515-AB27
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2941. IDENTIFYING MERCHANDISE SUBJECT TO ANTIDUMPING OR
COUNTERVAILING DUTY ORDERS
Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624
CFR Citation: 19 CFR 141
Legal Deadline: None
Abstract: Amendment to clarify that an importer is required to indicate
on an entry summary that a preliminary or final antidumping or
countervailing duty order has been issued which is applicable to the
merchandise for which the entry summary is filed.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: John Esau, Customs Officer, Office of Enforcement,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Washington, DC 20229, 202 927-1500
RIN: 1515-AB32
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2942. HARBOR MAINTENANCE FEE
Significance:
Subject to OMB review: Undetermined
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 81a to 81u; 19 USC 623;
19 USC 1202; 19 USC 1624; 31 USC 9701; PL 99-272; PL 99-509; PL 99-662
CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 146; 19 CFR 178
Legal Deadline: Final, Statutory, April 1, 1987.
Abstract: Amendments to the Customs Regulations to implement provisions
of the Water Resources Development Act of 1986 which authorizes Customs
to assess a harbor maintenance fee of 0.125 percent (.00125) on the
value of commercial cargo loaded on or unloaded from a commercial
vessel at a port unless specifically exempted from the fee. Proceeds of
the fee are deposited in a trust fund for the U.S. Army Corps of
Engineers to use for the improvement and maintenance of U.S. ports and
harbors.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 03/30/87 52 FR 10198
Interim Final Rule Public
Comment Period End 08/28/87
Comments Being Analyzed 02/08/88
Final Action 08/00/94
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: Patricia Barbare, Department of the Treasury, United
States Customs Service, Room 4128, 1301 Constitution Avenue NW.,
Washington, DC 20229, 202 927-0034
RIN: 1515-AA57
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2943. HIGHEST DEGREE OF CARE AND DILIGENCE TO PREVENT UNMANIFESTED
NARCOTICS AND MARIJUANA
Significance:
Subject to OMB review: Undetermined
Legal Authority: 19 USC 1584; 19 USC 1594; 19 USC 1595a; 21 USC 960;
21 USC 961; PL 99-570
CFR Citation: 19 CFR 162
Legal Deadline: Final, Statutory, February 17, 1989.
Required by 19 USC 1584 note.
Abstract: Amendment to the Customs Regulations relating to the
liability of common carriers to penalties, seizure, and forfeiture for
unmanifested narcotic drugs or marijuana. The proposed changes would
add to the regulations the statutory standard for the highest degree of
care and diligence on the part of common carriers in preventing
unmanifested drugs and marijuana. It also sets forth specific duties
and procedures by which the standard is defined and against which
compliance with the standard can be determined. These duties and
procedures include such security measures as background investigations
of employees, access restrictions to cargo areas, use of lighting in
storage areas, and similar measures.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/31/89 54 FR 4835
NPRM Comment Period End 04/03/89
Second NPRM 02/12/91 56 FR 5665
Second NPRM Comment Period End 03/14/91
Final Action 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Harriett D. Blank, Attorney, Department of the
Treasury, United States Customs Service, 1301 Constitution Avenue NW.,
Washington, DC 20229, 202 482-6950
RIN: 1515-AA67
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2944. UNITED STATES-ISRAEL FREE TRADE
Legal Authority: 99 Stat 82; 19 USC 2112
CFR Citation: 19 CFR 10
Legal Deadline: None
Abstract: Amends Customs Regulations to include for public information
the legal and existing administrative rules under which the United
States-Israel Free Trade Area is presently being conducted. Under this
program, products of Israel are entitled to free or reduced rates.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/31/92 57 FR 33909
NPRM Comment Period End 09/29/92
NPRM Comment Period Extended to
11/28/92 10/05/92 57 FR 45758
Final Action 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Maritza Castro, Operations Officer, Department of the
Treasury, United States Customs Service, Room 1311, 1301 Constitution
Avenue NW., Washington, DC 20229, 202 927-0360
RIN: 1515-AA84
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2945. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE
Legal Authority: 5 USC 301; 19 USC 58a; 19 USC 66; 19 USC 1202; 19 USC
1624; 31 USC 9701; 19 USC 58b; 19 USC 58c
CFR Citation: 19 CFR 24
Legal Deadline: None
Abstract: Amends interim Customs Regulations relating to harbor
maintenance fees. The interim regulations established a shipping fee
for transporting cargo on specified U.S. waterways. The Act was amended
to include an exemption for nonprofit organizations or cooperatives
which own or finance cargo determined by Customs to be intended for use
in humanitarian or development assistance overseas. This amendment sets
forth the applicability and terms of this exemption.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 01/08/92 57 FR 607
Final Action 08/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Patricia Barbare, Operations Officer, User Fee Task
Force, Department of the Treasury, United States Customs Service, Room
4128, 1301 Constitution Avenue NW., Washington, DC 20229, 202 927-0034
RIN: 1515-AA87
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2946. AIRCRAFT ARRIVING FROM PUERTO RICO AND U.S. VIRGIN ISLANDS
Significance:
Subject to OMB review: Undetermined
Legal Authority: 5 USC 301; 19 USC 58b; 19 USC 66; 19 USC 1433; 19 USC
1436; 19 USC 1459; 19 USC 1590; 19 USC 1624; 19 USC 1644; 49 USC app
1509
CFR Citation: 19 CFR 122
Legal Deadline: None
Abstract: Rule to require aircraft arriving from Puerto Rico or U.S.
Virgin Islands to comply with landing requirements for private aircraft
arriving from areas south of the United States.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: John Bamford, Enforcement Aviation Operations Officer,
Department of the Treasury, United States Customs Service, Room 5303,
1301 Constitution Avenue NW., Washington, DC 20229, 202 927-1930
RIN: 1515-AA99
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2947. TESTIMONY OR THE PRODUCTION OF DOCUMENTS IN COURT
Legal Authority: 5 USC 552; 19 USC 66; 19 USC 1624; 31 USC 9201
CFR Citation: 19 CFR 103
Legal Deadline: None
Abstract: Amends Customs Regulations to require subpoenaing parties to
advise Customs of the nature of the case and testimony to be elicited.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 09/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Gregory Vilders, Attorney, Department of the Treasury,
United States Customs Service, 1301 Constitution Avenue NW.,
Washington, DC 20229, 202 482-6970
RIN: 1515-AB02
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2948. VOLUNTARY RESTRAINT ARRANGEMENTS--STEEL
Significance:
Subject to OMB review: Undetermined
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19
USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 2253 note
CFR Citation: 19 CFR 10
Legal Deadline: None
Abstract: Amends Customs Regulations to set forth entry requirements
applicable to imported steel products subject to voluntary restraint
arrangements between the U.S. and certain steel-exporting countries.
Action mandated by the Steel Import Stabilization Act, as amended by
the Steel Trade Liberalization Program Implementation Act.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 09/13/90 55 FR 37701
Correction Document 10/22/90 55 FR 42556
Final Action 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Frank Crowe, Operations Officer, Department of the
Treasury, United States Customs Service, Room 1303, 1301 Constitution
Avenue NW., Washington, DC 20229, 202 927-0164
RIN: 1515-AB04
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2949. U.S. INSULAR POSSESSIONS--DUTY-FREE TREATMENT
Significance:
Subject to OMB review: Undetermined
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624
CFR Citation: 19 CFR 7.8
Legal Deadline: None
Abstract: Rule setting forth in detail the criteria which must be met
to obtain duty-free treatment for products imported from U.S. insular
possessions.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/27/93 58 FR 40095
NPRM Comment Period End 09/27/93
Final Action 07/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Craig Walker, Attorney-Advisor, Department of the
Treasury, United States Customs Service, Special Classification Branch,
1301 Constitution Avenue NW., Washington, DC 20229, 202 482-6980
RIN: 1515-AB14
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2950. INVOICE REQUIREMENTS
Significance:
Subject to OMB review: Undetermined
Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1481; 19 USC 1484; 19
USC 1624
CFR Citation: 19 CFR 141.89
Legal Deadline: None
Abstract: Rule setting forth revised requirements for product
descriptions on invoices pertaining to imported merchandise.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 09/03/92 57 FR 44792
NPRM Comment Period End 11/02/92
Final Action 08/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Leo Wells, Operations Officer, Department of the
Treasury, United States Customs Service, Office of Trade Operations,
1301 Constitution Avenue NW., Washington, DC 20229, 202 927-0742
RIN: 1515-AB17
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2951. PREFILING OF ENTRY DOCUMENTATION
Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624
CFR Citation: 19 CFR 141; 19 CFR 142
Legal Deadline: None
Abstract: Rule limiting the privilege of prefiling entry documentation
to entry filers who are either participants in the Automated Broker
Interface or who file entries manually for merchandise which is
transported on carriers that are participants in the Automated Manifest
System.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 11/06/91 56 FR 56608
ANPRM Comment Period End 01/06/92
NPRM 12/13/93 58 FR 65135
NPRM Comment Period End 02/11/94
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Ernest L. Cunningham, Inspector, Department of the
Treasury, United States Customs Service, Room 4408, 1301 Constitution
Avenue NW., Washington, DC 20229, 202 927-0167
RIN: 1515-AB21
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2952. AUTOMATED SURETY INTERFACE
Significance:
Subject to OMB review: Undetermined
Legal Authority: 19 USC 66; 19 USC 1623; 19 USC 1624
CFR Citation: 19 CFR 113
Legal Deadline: None
Abstract: Provides for an automated system through which participating
sureties will electronically provide to Customs acknowledgement that
they are liable for transactions identified under their bonds.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/22/93 58 FR 5680
NPRM Comment Period End 03/23/93
NPRM Comment Period Extended to
04/22/93 03/30/93 58 FR 16632
Final Action 12/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Diane Hundertmark, ACS Specialist, Department of the
Treasury, United States Customs Service, Room 2345, 1301 Constitution
Avenue NW., Washington, DC 20229, 202 927-0355
RIN: 1515-AB25
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2953. DISCLOSURE OF INFORMATION TO INTELLECTUAL PROPERTY RIGHTS OWNERS
Significance:
Subject to OMB review: Undetermined
Legal Authority: 17 USC 101; 17 USC 601; 17 USC 602; 17 USC 603; 19
USC 66; 19 USC 1624; 31 USC 9701
CFR Citation: 19 CFR 133
Legal Deadline: None
Abstract: Provides intellectual property rights owners with information
regarding importations so that they may pursue injunctive relief or
other civil remedies against the party involved in infringing
transactions.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/23/93 58 FR 44476
NPRM Comment Period End 10/22/93
Final Action 10/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Karl Means, Attorney, Intellectual Property Branch,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Franklin Court, Washington, DC 20229, 202 482-
6960
RIN: 1515-AB28
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2954. PAY REFORM FOR CUSTOMS INSPECTIONAL SERVICES
Legal Authority: 5 USC 301; 19 USC 58a; 19 USC 58b; 19 USC 58c; 19 USC
66; 19 USC 261; 19 USC 267; 19 USC 1202; 19 USC 1450; 19 USC 1624; 46
USC 2111; 46 USC 2112
CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 122; 19 CFR 123; 19 CFR 134
Legal Deadline: Final, Statutory, January 1, 1994.
Regulations pursuant to statute are effective 01/01/94. Regulations
were issued as interim.
Abstract: Amendment to implement those provisions of the Omnibus Budget
Reconciliation Act of 1993 concerning certain pay reforms applicable to
Customs inspectional service. Amendment implements new and exclusive
compensation and pay schedule for Customs officers who provide
inspectional services.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 12/28/93 58 FR 68520
Interim Final Rule Comment
Period End 02/28/94
Final Action 05/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Kevin Cummings, Inspector, Office of Workforce
Effectiveness and Development, Department of the Treasury, United
States Customs Service, 1301 Constitution Avenue NW., Washington, DC
20229, 202 927-1391
RIN: 1515-AB30
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2955. NORTH AMERICAN FREE TRADE AGREEMENT
Significance:
Regulatory Plan entry: Undetermined
Legal Authority: 19 USC 66; 19 USC 1202, Gen Note 17, Harmonized
Tariff Schedule of the US; 19 USC 1624; PL 103-182
CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 123; 19 CFR 134;
19 CFR 162; 19 CFR 174; 19 CFR 177; 19 CFR 178; 19 CFR 181; 19 CFR 191
Legal Deadline: Final, Statutory, January 1, 1994.
Abstract: Amendment to implement the preferential tariff treatment and
other Customs-related provisions of the North American Free Trade
Agreement entered into by the United States, Canada, and Mexico.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 12/30/93 58 FR 69460
Interim Final Rule Comment
Period End 03/30/94
Final Action 10/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Maria Reba, Office of International Affairs, Department
of the Treasury, United States Customs Service, 1301 Constitution
Avenue NW., Washington, DC 20229, 202 927-1488
RIN: 1515-AB33
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2956. RULES FOR DETERMINING THE COUNTRY OF ORIGIN OF A GOOD FOR
PURPOSES OF ANNEX 311 OF THE NORTH AMERICAN FREE TRADE AGREEMENT
Significance:
Subject to OMB review: Undetermined
Legal Authority: 19 USC 66; 19 USC 1202, Gen Note 17, Harmonized
Tariff Schedule of the US; 19 USC 1624; PL 103-182
CFR Citation: 19 CFR 12; 19 CFR 102; 19 CFR 134
Legal Deadline: Final, Statutory, January 1, 1994.
Abstract: Amendment establishes the rules for determining when the
country of origin of a good is one of the parties to the North American
Free Trade Agreement for purposes of Annex 311 of that Agreement.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 01/03/94 59 FR 110
Correction 02/03/94 59 FR 5082
Interim Final Rule Comment
Period End 04/04/94
Final Action 10/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Sandra L. Gethers, Attorney, Department of the
Treasury, United States Customs Service, 1301 Constitution Avenue NW.,
Franklin Court, Washington, DC 20229, 202 482-6980
RIN: 1515-AB34
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2957. CUSTOMS VALUATION OF MERCHANDISE SOLD FOR EXPORTATION TO
THE UNITED STATES
Significance:
Subject to OMB review: Undetermined
Legal Authority: 19 USC 66; 19 USC 1401a; 19 USC 1500; 19 USC 1502; 19
USC 1624
CFR Citation: 19 CFR 152
Legal Deadline: None
Abstract: Amendment clarifies the position of Customs with regard to
the valuation of merchandise sold for exportation to the United States.
The clarification is in accordance with two recent court cases.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 08/00/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Patricia Hanson, Attorney, Department of the Treasury,
United States Customs Service, 1301 Constitution Avenue NW., Franklin
Court, Washington, DC 20229, 202 482-7010
RIN: 1515-AB35
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2958. CUSTOMS USER FEES
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 31 USC 9701; PL
99-272
CFR Citation: 19 CFR 4; 19 CFR 6; 19 CFR 24; 19 CFR 111; 19 CFR 123;
19 CFR 145
Legal Deadline: Final, Statutory, July 7, 1986.
Abstract: Amends Customs Regulations to provide for payment of specific
fees to Customs for the processing of persons, aircraft, vehicles, and
merchandise arriving in the United States as well as for the payment of
an annual fee by Customs brokers.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 06/11/86 51 FR 21152
Final Rule Pending Internal
Decision 05/01/88
Final Action 10/21/93 58 FR 54271
Final Action Effective 11/22/93
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: David Kahne, Operations Officer, Department of the
Treasury, United States Customs Service, Room 4133, 1301 Constitution
Avenue NW., Washington, DC 20229, 202 927-0159
RIN: 1515-AA50
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2959. COUNTRY OF ORIGIN MARKING
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1304; 19
USC 1624
CFR Citation: 19 CFR 134
Legal Deadline: None
Abstract: Amendment to the Customs Regulations relating to the
requirement that every imported article of foreign origin, or its
container, shall be legibly and conspicuously marked to indicate to an
ultimate purchaser in the United States, the English name of the
country of origin of the article. Proposal would require that whenever
the full or abbreviated name of a country or place other than the
country of origin, or a symbol readily associated with a country or
place other than the country of origin, appears anywhere on a foreign
article or its container, then the actual country of origin of the
article must be marked on the article or its container in close
proximity to each reference to the country or place not the country of
origin, or a hang tag or sticker affixed to a highly conspicuous
portion of the article.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Withdrawn - Not published. Not
being further developed at this
time 10/26/93
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Lorrie Rodbart, Attorney-Advisor, Department of the
Treasury, United States Customs Service, 1301 Constitution Avenue NW.,
Washington, DC 20229, 202 482-7010
RIN: 1515-AA59
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2960. MARKING ASSEMBLED ARTICLES
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1304; 19
USC 1624
CFR Citation: 19 CFR 10
Legal Deadline: None
Abstract: Amends Customs regulations to remove section 10.22 under
which articles must be marked with country of assembly when reported
under Item 9802.00.80 of Harmonized Tariff Schedule.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Withdrawn - Not published. Not
being further developed at this
time 10/26/93
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Lorrie Rodbart, Attorney-Advisor, Department of the
Treasury, United States Customs Service, 1301 Constitution Avenue NW.,
Washington, DC 20229, 202 482-7010
RIN: 1515-AB07
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2961. CONSOLIDATION OF IN-BOND EXPORT SHIPMENTS
Significance:
Subject to OMB review: Undetermined
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202, Gen Note 8,
Harmonized Tariff Schedule of the US; 19 USC 1624
CFR Citation: 19 CFR 19
Legal Deadline: None
Abstract: Rule to provide specific regulatory control over the
activities of consolidators of in-bond cargo for exportation.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Withdrawn - NPRM never
published. Project closed 02/07/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Ernest L. Cunningham, Inspector, Department of the
Treasury, United States Customs Service, Room 4408, 1301 Constitution
Avenue NW., Washington, DC 20229, 202 927-0167
RIN: 1515-AB23
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2962. REVISION OF IN-BOND REQUIREMENTS
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 1641
CFR Citation: 19 CFR 18; 19 CFR 19; 19 CFR 111; 19 CFR 112; 19 CFR
122; 19 CFR 123; 19 CFR 125; 19 CFR 141; 19 CFR 142; 19 CFR 144; 19 CFR
146
Legal Deadline: None
Abstract: Revises in-bond procedures by, among other things, reducing
types of in-bond movements, discontinuing use of TACM procedures, and
allowing the use of electronic in-bond data.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Withdrawn - Proposal never
published. Project closed. 12/10/93
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Donna Shaw, Inspector, Office of Inspection and
Control, Department of the Treasury, United States Customs Service,
1301 Constitution Avenue NW., Washington, DC 20229, 202 927-0985
RIN: 1515-AB26
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2963. DECLARATIONS REQUIRED TO BE FILED WITH CERTAIN IMPORTED
WORKS OF ART ENTERED FREE OF DUTY
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19
USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624
CFR Citation: 19 CFR 10
Legal Deadline: None
Abstract: Customs regulations require that works of art entered free of
duty under certain provisions of the Harmonized Tariff Schedule of the
United States shall have either a declaration filed with the entry by
the artist who produced the articles showing whether the articles are
originals, replicas, reproductions, or copies, or a declaration by the
seller or shipper with the same information if the declaration by the
artist is not available. This amendment makes it easier for importers
to satisfy the declaration requirements and to reduce the instances in
which a declaration will be required.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/07/92 57 FR 46112
NPRM Comment Period End 12/07/92
Final Action 12/29/93 58 FR 68741
Final Action Effective 01/28/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Norman King, Attorney, Commercial Rulings Division,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Franklin Court, Washington, DC 20229, 202 482-
7020
RIN: 1515-AB29
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2964. REPORTING REQUIREMENTS FOR VESSELS, VEHICLES, AND
INDIVIDUALS
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1624; 46 USC App. 3; 19
USC 288; 19 USC 289; 19 USC 1434; 19 USC 1433; 19 USC 1436
CFR Citation: 19 CFR 4; 19 CFR 123
Legal Deadline: None
Abstract: Amendment implements certain provisions of the Customs
Enforcement Act of 1986, a part of the Anti-Drug Abuse Act of 1986,
designed to strengthen Federal efforts to improve the enforcement of
Federal drug laws and enhance the interdiction of illicit drug
shipments. Regulatory changes pertain to the arrival, entry, and
departure reporting requirements applicable to vessels, vehicles and
individuals and inform the public regarding applicable penalty, seizure
and forfeiture provisions for violation of these requirements.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/03/88 53 FR 44459
NPRM Comment Period End 01/03/89
Final Action 12/21/93 58 FR 67312
Final Action Effective 01/20/94
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Joseph O'Gorman, Customs Officer, Office of Passenger
Enforcement and Facilitation, Department of the Treasury, United States
Customs Service, 1301 Constitution Avenue NW., Washington, DC 20229,
202 927-0530
RIN: 1515-AB31
[FR Doc. 94-7127 Filed 04-22-94; 8:45 am]
BILLING CODE 4820-02-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS)
Internal Revenue Service (IRS)
_______________________________________________________________________
Internal Revenue Service
26 CFR Ch. I
Improving Government Regulations; Semiannual Agenda of Regulations
AGENCY: Internal Revenue Service, Treasury.
ACTION: Semiannual agenda of regulations.
_______________________________________________________________________
SUMMARY: This semiannual agenda lists the regulations that the Internal
Revenue Service will be developing from April 1, 1994, through March
31, 1995. Determinations with respect to the agenda were made as of
January 31, 1994. The purpose of this semiannual agenda is to give the
public adequate notice of regulatory activities of the Internal Revenue
Service.
FOR FURTHER INFORMATION CONTACT: Mike Slaughter, (202) 622-7190, not a
toll-free call, Regulations Unit, Assistant Chief Counsel (Corporate),
Office of Chief Counsel, Internal Revenue Service, P.O. Box 7604, Ben
Franklin Station, Washington, DC 20044, Attention: CC:DOM:CORP:T:R.
SUPPLEMENTARY INFORMATION:
General
Section 4 of Executive Order 12866 and section 602 of the
Regulatory Flexibility Act both require that a semiannual agenda of
regulations under development and review be published in the
Federal Register. The next semiannual agenda of the Internal
Revenue Service will be published in the Federal Register in
October of 1994.
Description
This semiannual agenda of regulations lists all projects within
the Internal Revenue Service (IRS) as of January 31, 1994. This
agenda lists existing regulations under development by the Offices
of the Assistant Chief Counsel (Corporate), Assistant Chief Counsel
(Field Service), Assistant Chief Counsel (Financial Institutions
and Products), Assistant Chief Counsel (Income Tax and Accounting),
Assistant Chief Counsel (Passthroughs & Special Industries),
Assistant Chief Counsel (Criminal Tax), Assistant Chief Counsel
(General Litigation), Associate Chief Counsel (Employee Benefits
and Exempt Organizations), and Associate Chief Counsel
(International) of the Office of Chief Counsel, IRS. The following
information is provided for each regulation project: The title;
priority status; its effect, if any, on small business; the part of
the Code of Federal Regulations affected; the legal authority for
issuing the regulation; a brief description of the problem to be
addressed in the regulation; and a timetable of action taken and to
be taken. Under Additional Information, there is provided the
control number of the project within the Chief Counsel's office and
the names and telephone numbers of the drafting and reviewing
attorneys.
By direction of the Secretary of the Treasury.
Michael P. Dolan,
Commissioner of Internal Revenue.
Internal Revenue Service--Prerule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2965 26 USC 0041 Definition of Qualified Research and Computation of Research Credit Under
Section 41 of the Code, After 1986 Act and 1989 Act................................... 1545-AO51
2966 26 USC 0042 A Detailing of the Minimum Living Area Which Must Constitute a Bedroom
for Purposes of Determining the Gross Rent Limitation Applicable to Rent-Restricted
Units................................................................................. 1545-AO52
2967 26 USC 0129 Dependent Care Assistance................................................ 1545-AN17
2968 26 USC 0401 Coordination of Nondiscrimination........................................ 1545-AQ87
2969 26 USC 0514 Income Tax--Unrelated Trade or Business Income........................... 1545-AE00
2970 26 USC 0847 Special Estimated Tax Payments........................................... 1545-AN33
2971 26 USC 0897(c)(3) FIRPTA Cleanup..................................................... 1545-AJ72
2972 26 USC 0904 Resourcing Income To Prevent Avoidance of Foreign Tax Credit Limitation
Rules Relating to Foreign Losses...................................................... 1545-AN87
2973 26 USC 0904(f) Clarification of Treatment of Separate Limitation Losses.............. 1545-AM11
2974 26 USC 0932 Source Rules Within the Virgin Islands................................... 1545-AL40
2975 26 USC 0936 OBRA 1993 Section 936 Reg................................................ 1545-AS43
2976 26 USC 0952 Subpart F--Use of Deficits............................................... 1545-AJ71
2977 26 USC 0956A Earnings Invested in Excess Passive Assets.............................. 1545-AS47
2978 26 USC 1248 Income Tax--Gain From Sale or Exchange of Stock in Foreign Corporations.. 1545-AC31
2979 26 USC 1276 Disposition Gain Representing Accrued Market Discount Treated as Ordinary
Income; Deferral of Interest Deduction Allocable to Accrued Market Discount........... 1545-AH82
2980 26 USC 6038 Information Reporting and Record Maintenance Under Section 6038C......... 1545-AP10
2981 26 USC 6231(a)(7) Limited Liability Company Tax Matter Partner....................... 1545-AQ47
2982 26 USC 7508 Time for Performing Certain Acts Postponed by Reason of Service in Combat
Zone.................................................................................. 1545-AP90
2983 26 USC 7701 Regulations Dealing with Conduit Arrangements............................ 1545-AS40
2984 26 USC 860E REMIC Regulations........................................................ 1545-AR88
----------------------------------------------------------------------------------------------------------------
Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2985 05 USC 0301 Statement of Procedural Rules--Update 2................................. 1545-AR44
2986 05 USC 0552 Statement of Procedural Rules--Part 601.702.............................. 1545-AR99
2987 12 USC 0446 Clear Reflection of Income in the Case of Certain Financial Products..... 1545-AR96
2988 25 USC 7805 Grantor Trust Reporting Requirements..................................... 1545-AS37
2989 26 USC 0025(c) Mortgage Credit Certificates and Targeted Areas....................... 1545-AO05
2990 26 USC 0042 Low-Income Housing Credit Recapture Rule................................. 1545-AL12
2991 26 USC 0042 10-Year Waiver Regulations Under Section 42 IRC.......................... 1545-AO94
2992 26 USC 0044 Disabled Access Credit................................................... 1545-AQ20
2993 26 USC 0045 Renewable Electricity Production Credit, Section 45...................... 1545-AS01
2994 26 USC 0045B Credit for Employer Social Security Tax Paid on Employee Tips........... 1545-AS16
2995 26 USC 0055 Minimum Tax Credit and Other Miscellaneous Rules Relating to the
Alternative Minimum Tax............................................................... 1545-AJ86
2996 26 USC 0055 Alternative Minimum Tax for Individuals.................................. 1545-AS44
2997 26 USC 0055 Alternative Minimum Tax for Individuals (Temp.).......................... 1545-AS45
2998 26 USC 0056 Income Tax--Inventory Adjustment for the Alternative Minimum Tax......... 1545-AL02
2999 26 USC 0056 Income Tax--Inventory Adjustment for the Alternative Minimum Tax......... 1545-AL03
3000 26 USC 0058(h) Application of Section 58(h) of the 1954 Code to Situations Involving
NOL Carrybacks........................................................................ 1545-AO36
3001 26 USC 0059 Alternative Minimum Tax Foreign Tax Credit............................... 1545-AQ33
3002 26 USC 0061 Amendment to the Regulations Under Section 61 To Conform the Treatment of
Bond Premium Income to the Constant Yield Method...................................... 1545-AL92
3003 26 USC 0061 To Clarify That the Service Has Authority To Amend the Standard Industry
Fare Level (SIFL) Aircraft Valuation Formula.......................................... 1545-AQ16
3004 26 USC 0072 Loans Treated as Distributions........................................... 1545-AE41
3005 26 USC 0072 Ten Percent Additional Tax on Early Distribution From Qualified Plans.... 1545-AN16
3006 26 USC 0079 Removing Gender Distinction From Mortality Tables........................ 1545-AK50
3007 26 USC 0079 Section 79, Table I, Update.............................................. 1545-AN54
3008 26 USC 0083 Study of Application of Section 302 and Section 1.83(d).................. 1545-AN55
3009 26 USC 0103 Definition of ``Reissuance'' Under Section 103........................... 1545-AI65
3010 26 USC 0108 Income Tax--Discharge of Indebtedness.................................... 1545-AA67
3011 26 USC 0108 Consolidated Attribute Reduction Under Section 108(b).................... 1545-AP95
3012 26 USC 0108 Purchase Money Debt Reduction Treated as Price Reduction................. 1545-AQ00
3013 26 USC 0108 Debt Discharge Income, Joint and Several Debts........................... 1545-AR86
3014 26 USC 0108(b) Consolidated Attribute Reduction Under Section 108(b)................. 1545-AQ84
3015 26 USC 0117(d) Qualified Tuition Reductions.......................................... 1545-AI13
3016 26 USC 0141 Definition of ``Private Activity Bond'', ``Qualified Bond''.............. 1545-AM01
3017 26 USC 0142 Exempt Sewage Facilities................................................. 1545-AR64
3018 26 USC 0145 Qualified 501(c)(3) Bonds................................................ 1545-AJ39
3019 26 USC 0146 State Volume Cap for Tax-Exempt Bonds.................................... 1545-AJ37
3020 26 USC 0148(a) Subsequent Intentional Acts To Earn Arbitrage and the Reasonable
Expectations Test for Arbitrage Bonds................................................. 1545-AN69
3021 26 USC 0162 Lobbying Expense Deductions--Dues........................................ 1545-AS18
3022 26 USC 0162 Denial of Deduction for Expenditures Attributable to Lobbying, Political
Campaigns, Etc........................................................................ 1545-AS26
3023 26 USC 0163 Qualified Residence Interest............................................. 1545-AL67
3024 26 USC 0168 Modification of ACRS..................................................... 1545-AJ38
3025 26 USC 0170 Substantiation of Contributions Made by Payroll Deduction................ 1545-AS27
3026 26 USC 0170 Substantiation of Contributions Made by Payroll Deduction................ 1545-AS28
3027 26 USC 0179A Recapture--Clean Fuel/Electric Vehicles................................. 1545-AR23
3028 26 USC 0179A Determination of Section 30 Credit and Section 179A Deduction........... 1545-AR66
3029 26 USC 0195 Income Tax--To Add Provisions Relating to Start-up Expenditures.......... 1545-AB02
3030 26 USC 0197 Amortization--Goodwill Intangibles 197................................... 1545-AS11
3031 26 USC 0197 Amortization--Goodwill Intangibles 197................................... 1545-AS12
3032 26 USC 0216 Distributions by Cooperative Housing Association......................... 1545-AO91
3033 26 USC 0263A(f) Capitalization of Interest Expense by Related Parties in the Case of
the Production of Certain Property.................................................... 1545-AQ85
3034 26 USC 0265 Proposed Regulations Under Section 265(b)(3)............................. 1545-AR98
3035 26 USC 0269B Rules for Treatment of Foreign Corporation Whose Stock Is Stapled to the
Stock of a Domestic Corporation....................................................... 1545-AN20
3036 26 USC 0280F Limitation of Deductions on Passenger Automobiles and Other Listed
Property.............................................................................. 1545-AN05
3037 26 USC 0280F The Substantiation of Deductions Claimed for the Use of Cellular
Telephones and Computers in a Taxpayer's Trade or Business............................ 1545-AP46
3038 26 USC 0304 Section 304 Regulations.................................................. 1545-AR40
3039 26 USC 0305(c)(1) Treatment of Premiums on Stock Callable at the Option of the Issuer 1545-AQ42
3040 26 USC 0337(d) Application of General Utilities Repeal Regulatory Authority to RICs
and REITs............................................................................. 1545-AL65
3041 26 USC 0337(d) Scope of General Utilities Repeal..................................... 1545-AN21
3042 26 USC 0338 Section 338(h)(10) and Insurance Companies............................... 1545-AS56
3043 26 USC 0361(a)(3) Fringe Benefit Sourcing Under Section 861.......................... 1545-AO72
3044 26 USC 0367 Section 361 Outbound Transfers of Property to Foreign Corporations....... 1545-AM97
3045 26 USC 0382 Reorganizations in Bankruptcy; Stock-for-Debt Exchanges; Use of Parent
Corporation Stock; Triangular ``G'' Reorganizations................................... 1545-AO30
3046 26 USC 0382 Suspension of Partnership Income and Expenses Arising From Unpaid
Guaranteed Payments Accrued by Certain Partners....................................... 1545-AP43
3047 26 USC 0382 Treating Certain Non-Stock Interests as Stock............................ 1545-AS48
3048 26 USC 0401 Permissibility of Section 401(h) Account in Combination With an ESOP..... 1545-AP88
3049 26 USC 0401(k) Cash or Deferred Arrangements......................................... 1545-AQ77
3050 26 USC 0403 Nondiscrimination and Other Rules Applicable to Section 403(b) Annuities. 1545-AI90
3051 26 USC 0404 Treatment of Dividends Deductible Under Section 404(k) for Purposes of
Cash or Deferred Arrangements Described in Section 401(k)............................. 1545-AQ96
3052 26 USC 0410(b) Special Rules in Merger and Acquisition............................... 1545-AM94
3053 26 USC 0412 Revising the Drafting of the Full Funding Limitation for Purposes of the
Minimum Funding Requirement for Pension Plans......................................... 1545-AL53
3054 26 USC 0417 Disclosure Guidelines for QJSA Waiver.................................... 1545-AQ36
3055 26 USC 0419 Treatment of Funded Welfare Benefit Plans................................ 1545-AG14
3056 26 USC 0442 Income Tax--Part 1--Amendment of Section 1.442-1 To Provide Simplified
Procedures for Changes of Annual Accounting Period by Certain Exempt Organizations.... 1545-AI68
3057 26 USC 0446 Hybrid Instruments....................................................... 1545-AR13
3058 26 USC 0446 Notional Principal Contracts............................................. 1545-AR22
3059 26 USC 0448 Nonaccrual-Experience Method of Accounting--Clarification of Amounts
Determined To Be Uncollectible........................................................ 1545-AM33
3060 26 USC 0451 Changes to Method of Accounting for Certain Taxpayers Using Accrual
Method of Accounting for Redemption of Trading Stamps and Coupons Pursuant to Section
461(H) of the Code.................................................................... 1545-AP04
3061 26 USC 0457 Income Tax--Deferred Compensation Plans of State and Local Governments
and Tax-Exempt Organizations.......................................................... 1545-AI89
3062 26 USC 0460 Definition of a Long-Term Contract....................................... 1545-AQ30
3063 26 USC 0460 Subcontracts Between Related Parties That Benefit a Long-Term Contract... 1545-AQ31
3064 26 USC 0460 Look-Back Method for Long-Term Contracts (Mid-Contract Change in
Taxpayer)............................................................................. 1545-AQ32
3065 26 USC 0465 Aggregation of Certain Activities for Purposes of the At-Risk Rules...... 1545-AI02
3066 26 USC 0465 Application of At-Risk Limitations to the Holding of Real Property....... 1545-AK08
3067 26 USC 0465 Guidance on What Constitutes an Interest Other Than That of a Creditor... 1545-AO32
3068 26 USC 0467 Temporary Income Tax Regulations--Deferred Payments for Use of Property
or Services........................................................................... 1545-AG81
3069 26 USC 0469 Application of Passive Activity Loss and Credit Limitations to Trusts,
Estates, and Their Beneficiaries...................................................... 1545-AN62
3070 26 USC 0469 Allocation of Interest Expense Among Expenditures........................ 1545-AO93
3071 26 USC 0469 Special PAL Rules 469.................................................... 1545-AS38
3072 26 USC 0469(l)(4) Special Rules for Allocation of Interest Expense Among Expenditures
in the Case of Passthrough Entities................................................... 1545-AM79
3073 26 USC 0474 Simplified Dollar-Value LIFO Method for Certain Small Businesses......... 1545-AK64
3074 26 USC 0474 Simplified Dollar Value LIFO Method for Certain Small Businesses......... 1545-AN09
3075 26 USC 0482 Intercompany Transfer Pricing for Services............................... 1545-AR32
3076 26 USC 0584 Merger or Division of Common Trust Funds--Section 584.................... 1545-AQ64
3077 26 USC 0643 Property Distributed in Kind and Treatment of Multiple Trusts (Secs. 81
and 82 of The Tax Reform Act of 1984)................................................. 1545-AI06
3078 26 USC 0643 Clarification of Section 1.643(a)(3) Relating to the Inclusion of Capital
Gain in Distributable Net Income...................................................... 1545-AI31
3079 26 USC 0667 Accumulation Trusts...................................................... 1545-AM78
3080 26 USC 0672 Income Taxation of Trusts and Estates.................................... 1545-AJ20
3081 26 USC 0672 Income Taxation of Trust and Estate--Section 672(f)...................... 1545-AR65
3082 26 USC 0679 Foreign Grantor Trusts................................................... 1545-AO75
3083 26 USC 0704(c) Recognition of Pre-Contribution Gain or Loss.......................... 1545-AR93
3084 26 USC 0706 Income Tax--Items Allocated to Portion of Year Partner Held Interest..... 1545-AB81
3085 26 USC 0707 Income Tax--Treatment of Payments to Partners Not Acting in Their
Capacity as Partners.................................................................. 1545-AG83
3086 26 USC 0737 Section 737 Distributions................................................ 1545-AR48
3087 26 USC 0743 Adjustments Following Sales of Partnership Interests..................... 1545-AS39
3088 26 USC 0752 Partnership Liabilities.................................................. 1545-AR62
3089 26 USC 0842 Taxation of Foreign Insurance Companies Doing Business in the United
States, Including the Explication of the Minimum Net Investment Income Calculation.... 1545-AN31
3090 26 USC 0842(b) Foreign Insurance Companies........................................... 1545-AL82
3091 26 USC 0846 Short/Fiscal Year Discount Factors....................................... 1545-AR58
3092 26 USC 0861 Recomputation of Allocation and Apportionment of Deduction for State
Income Taxes.......................................................................... 1545-AP86
3093 26 USC 0863 Transportation Income Source Rules....................................... 1545-AJ68
3094 26 USC 0863 Sourcing Rule Applicable to Certain Insurance Income..................... 1545-AQ37
3095 26 USC 0864 Tiered Partnership Rules................................................. 1545-AO26
3096 26 USC 0864 Integrated Financial Transaction......................................... 1545-AR20
3097 26 USC 0864(c)(6) Treatment of Deferred Payments and Appreciation Arising Out of
Business Conducted Within the United States........................................... 1545-AM53
3098 26 USC 0865 Source Rules for Personal Property Sales................................. 1545-AJ83
3099 26 USC 0872(b) Income Tax--Reciprocal Exemptions for Certain Transportation Income... 1545-AJ57
3100 26 USC 0881 Bank Exclusion From Portfolio Interest................................... 1545-AQ39
3101 26 USC 0881(c) TEFRA Portfolio Interest Regulation................................... 1545-AR90
3102 26 USC 0883(c)(3) Clarification of Section 883(c) Publicly Traded Exception.......... 1545-AR77
3103 26 USC 0884 Proposed Regulations Under Section 1.884-3............................... 1545-AQ72
3104 26 USC 0894 Dividend Withholding--Luxembourg Corporations............................ 1545-AQ54
3105 26 USC 0897 Income Tax--Partnership Rules Regarding Taxation of Foreign Investment in
United States Real Property Interests................................................. 1545-AL77
3106 26 USC 0902 Deemed Paid Credit Under Section 902 Determined on Accumulated Basis..... 1545-AL98
3107 26 USC 0905 Section 905(b) Regulations............................................... 1545-AP36
3108 26 USC 0931 Exclusion of Possession Source Income From Gross Income of Certain
Individuals........................................................................... 1545-AS42
3109 26 USC 0932 Coordination of U.S. and Virgin Islands Income Taxes..................... 1545-AS41
3110 26 USC 0953(d) Foreign Insurance Company--Domestic Election.......................... 1545-AO25
3111 26 USC 0954 Amendment to Subpart F Definitions....................................... 1545-AR31
3112 26 USC 0955 Subpart F Shipping Amendments............................................ 1545-AM46
3113 26 USC 0960 Deemed-Paid Credit Under Section 960, Determined on Accumulated Basis.... 1545-AQ34
3114 26 USC 0964 Effect of Acquisitive Reorganizations on Earnings and Profits Pools...... 1545-AO71
3115 26 USC 0985 Change in Method of Accounting for QBU's That Are No Longer
Hyperinflationary..................................................................... 1545-AR29
3116 26 USC 0986 Determination of Foreign Taxes and Foreign Corporations' Earnings and
Profits............................................................................... 1545-AN37
3117 26 USC 0993 DISC Regulations......................................................... 1545-AM05
3118 26 USC 1016 Basis Adjustment 1016(a)(2).............................................. 1545-AR60
3119 26 USC 1017 Basis Reduction Due to Cancellation of Indebtedness...................... 1545-AP77
3120 26 USC 1092 Income Tax--Tax Straddles................................................ 1545-AC21
3121 26 USC 1092 Character of Gains and Losses in Case of Straddles Where at Least One
Position Is Ordinary and at Least One Position Is Capital............................. 1545-AM57
3122 26 USC 1244 Section 1244 Regulations................................................. 1545-AQ80
3123 26 USC 1248 Gains From Certain Sales or Exchanges in Certain Foreign Corporations.... 1545-AL89
3124 26 USC 1254 Income Tax--Gain From Disposition of Interest in Oil, Gas, Geothermal, or
Other Mineral Properties by S Corporations and Their Shareholders..................... 1545-AM98
3125 26 USC 1256(e) Hedging Exception to Mark-to-Market Rules for Section 1256 Contracts,
Deferral of Certain Straddle Losses, and Wash-Sale and Short-Sale Principles
Applicable to Certain Straddle Transactions........................................... 1545-AI72
3126 26 USC 1275 Contingent and Variable Debt Instruments................................. 1545-AQ86
3127 26 USC 1275(d) Debt Instruments With Original Issue Discount: Anti-Abuse Rule........ 1545-AS35
3128 26 USC 1275(d) Debt Instruments With Original Issue Discount; Anti-Abuse Rule........ 1545-AS36
3129 26 USC 1286 Basic Issues Under Section 1286.......................................... 1545-AQ25
3130 26 USC 1286 Certain Stripping Transactions........................................... 1545-AR12
3131 26 USC 1295 QEF Shareholder Election................................................. 1545-AM41
3132 26 USC 1296 Passive Foreign Investment Companies - Special Rules for Foreign Banks
and Securities Dealers................................................................ 1545-AS46
3133 26 USC 1366 Income Tax--Pass-Through of S Corporation Items to Shareholders.......... 1545-AE85
3134 26 USC 1371 Income Tax--Application of Subchapter C Rules to S Corporations.......... 1545-AE90
3135 26 USC 1377 Income Tax--Definitions and Special Rules Pertaining to S Corporations... 1545-AE94
3136 26 USC 1398 Section 1398 Substantive Consolidation in Bankruptcy..................... 1545-AR45
3137 26 USC 1445 Section 1445 Regulation Revisions Due to 1993 Tax Act.................... 1545-AS51
3138 26 USC 1491 Regulations Under Sections 1491, 1492, and 1494.......................... 1545-AN39
3139 26 USC 1502 Income Tax--Application of Section 465, At-Risk Limitations to Members
That Join in Filing Consolidated Returns.............................................. 1545-AC55
3140 26 USC 1502 Clarifying Deletion of Requirement of Section 1.1502-47(d)(12)(C) That in
Applying the Tacking Rule, Profit Life Activities Not Be Separated From Loss Life
Activities............................................................................ 1545-AI98
3141 26 USC 1502 Section 1.1502-33........................................................ 1545-AL60
3142 26 USC 1502 Consolidated Returns: Separate Return Limitation Years and the Carryback
and Carryover of Investment Credits, Foreign Tax Credits, Net Operating Losses, and
Net Capital Losses.................................................................... 1545-AR11
3143 26 USC 1502 Section 1.1502-47 Regulations--Supplemental.............................. 1545-AR89
3144 26 USC 1503 Applications of Section 1503(d) to Partnerships and Other Items.......... 1545-AR26
3145 26 USC 1504 Income Tax--Includibility in an Affiliated Group of Subsidiaries Formed
To Comply With Foreign Laws........................................................... 1545-AC58
3146 26 USC 1504 Definition of Affiliated Group........................................... 1545-AR70
3147 26 USC 2001 Estate and Gift Taxes--Unified Credit in Lieu of Exemption, Unified Rate
Schedule for Estate and Gift Taxes.................................................... 1545-AC60
3148 26 USC 2032 Estate Tax--Valuation of Certain Farm, Etc., Real Property............... 1545-AC62
3149 26 USC 2039 Estate Tax--Annuity Exclusion Repeal..................................... 1545-AP60
3150 26 USC 2055 Reformation of Charitable Transfers--Definition of Guaranteed Annuity and
Lead Unitrust Interest................................................................ 1545-AO31
3151 26 USC 2104 Situs of Partnership Interests Held by a Nonresident Alien for Estate Tax
Purposes.............................................................................. 1545-AP07
3152 26 USC 2511 Loan Guarantees.......................................................... 1545-AR16
3153 26 USC 2601 Generation-Skipping Transfer Tax......................................... 1545-AQ65
3154 26 USC 280A Withdrawal of Proposed Regulations Relating to Home Office Deduction..... 1545-AR80
3155 26 USC 280B Demolition of Structures Definitions..................................... 1545-AR63
3156 26 USC 3306 Treatment of Certain Deferred Compensation and Salary Reduction
Arrangements.......................................................................... 1545-AF97
3157 26 USC 3402 Electronic Filing of Form W-4............................................ 1545-AR67
3158 26 USC 3406 Taxpayer Identifying Number Matching Program............................. 1545-AQ51
3159 26 USC 3406 TIN Matching Program..................................................... 1545-AR68
3160 26 USC 3406(i) TIN Matching Program.................................................. 1545-AR72
3161 26 USC 3505 Liability of Third Parties Paying or Providing for Wages, Suit, and Its
Extension and Maximum Amount Recoverable.............................................. 1545-AS22
3162 26 USC 4003 Luxury Excise Tax Changes Under OBRA 1993................................ 1545-AS34
3163 26 USC 4081 Diesel Fuel Tax--Gasohol................................................. 1545-AS10
3164 26 USC 4081 Fuel Floor Stocks Taxes Under OBRA 1993.................................. 1545-AS32
3165 26 USC 4091 Excise Tax on Aviation Fuel.............................................. 1545-AL43
3166 26 USC 4101 Registration Under Section 4101.......................................... 1545-AQ10
3167 26 USC 4251 Communications Tax Regulations........................................... 1545-AP67
3168 26 USC 4261 Air Transportation Tax Regulations....................................... 1545-AP68
3169 26 USC 4671 Chemical Tax Under Section 4461 and Imported Substance Tax Under Section
4671.................................................................................. 1545-AL73
3170 26 USC 468B Escrow Funds and Other Similar Funds..................................... 1545-AR82
3171 26 USC 4980 Excise Tax--Part 54, Reversion of Qualified Plan Assets to Employer...... 1545-AI82
3172 26 USC 6011 Returns and Payments of Tax Under Federal Insurance Contributions Act.... 1545-AQ62
3173 26 USC 6011 Removal of Signature Requirement from Regulations Governing Requests for
Taxpayer Identification Numbers....................................................... 1545-AR81
3174 26 USC 6012 Telefile Voice Signature Test/Voice Signature Alternative................ 1545-AR69
3175 26 USC 6033 Amendment of Section 1.6033-2(g)(5) Relating to Returns by an Integrated
Auxiliary of a Church................................................................. 1545-AI52
3176 26 USC 6045 Broker Reporting of Option Transactions.................................. 1545-AO40
3177 26 USC 6046A Income Tax--Returns as to Interests in Foreign Partnerships............. 1545-AK75
3178 26 USC 6048 Section 6048 Regulations................................................. 1545-AR25
3179 26 USC 6049 Income Tax--To Require Issuers of Certificates of Deposit To Furnish
Issue Price to Brokers................................................................ 1545-AK36
3180 26 USC 6050H Information Reporting of Points on Mortgage Loans....................... 1545-AO57
3181 26 USC 6051 IRC Section 6051......................................................... 1545-AN57
3182 26 USC 6061 Voice Signature Alternative.............................................. 1545-AR84
3183 26 USC 6081 Extension of Time To File................................................ 1545-AR85
3184 26 USC 6222 Miscellaneous Rules Relating to Consolidated Administrative and Judicial
Proceedings To Determine the Tax Treatment of Partnership Items....................... 1545-AE51
3185 26 USC 6231 Limited Liability Company Tax Matters Partner............................ 1545-AS09
3186 26 USC 6244 Determination of the Tax Treatment of Subchapter S Items at the Corporate
Level................................................................................. 1545-AE96
3187 26 USC 6302 Deposit of Tax Withheld From Nonresident Aliens and Others............... 1545-AP92
3188 26 USC 6302 Manner of Payment of Railroad Retirement Employment Tax.................. 1545-AR43
3189 26 USC 6311 Procedure and Administration Regulations--Payment of Taxes by Check or
Money Order and Liability of Financial Institutions for Unpaid Taxes.................. 1545-AI24
3190 26 USC 6325 Procedure and Administration--Release of Liens, Notice Before Levy,
Property Exempt From Levy Redemption of Levied Real Property, and Amount of Damages in
Case of Wrongful Levy................................................................. 1545-AE82
3191 26 USC 6503 Suspension of Running of Period of Limitations During Proceeding to
Enforce Designated Summons............................................................ 1545-AQ01
3192 26 USC 6621 Differential Interest Rates and Expanded Crediting of Overpayments
Against Underpayments................................................................. 1545-AK06
3193 26 USC 6655 Section 6655 To Provide Special Rule for Annualization Exception to
Estimated Tax Penalty Applicable to Foreign Sales Corporations........................ 1545-AQ63
3194 26 USC 6656 Failure To Make a Deposit of Taxes....................................... 1545-AO87
3195 26 USC 6662 Imposition of Accuracy-Related Penalty................................... 1545-AS24
3196 26 USC 6662 Imposition of Accuracy-Related Penalty................................... 1545-AS25
3197 26 USC 6662 Revise Disclosure Standard for Accuracy-Related Penalty Regulations...... 1545-AS58
3198 26 USC 6695 Revise Section 1.6695-1(b) of the Income Tax Regulations To Require Tax
Return Preparers to Retain Attestations Rather Than Submitting With Return............ 1545-AR78
3199 26 USC 6695 Revision of Regulations to Require Return Procedure Retain Signature
Attestations Rather Than Forwarding With The Return................................... 1545-AR83
3200 26 USC 6700 Penalty for Promoting Abusive Tax Shelters............................... 1545-AE99
3201 26 USC 6701 Penalty for Aiding and Abetting in the Understatement of Tax Liability... 1545-AF01
3202 26 USC 6867 Income Tax--Presumption of Jeopardy in the Case of Illegal Activity Cash. 1545-AE30
3203 26 USC 7409 Political Activity Injunction............................................ 1545-AO77
3204 26 USC 7425 Forfeiture of Land Sales Contract With Respect to Discharge of Federal
Tax Lien.............................................................................. 1545-AK24
3205 26 USC 7425 Redemptions of Real Property Under IRC 7425--Excess Expenses............. 1545-AL20
3206 26 USC 7520 Actuarial Tables Exceptions.............................................. 1545-AR56
3207 26 USC 7609 Extension of Statute of Limitations in John Doe Summons Disputes......... 1545-AM67
3208 26 USC 7702 Definition of Life Insurance Contract.................................... 1545-AL08
3209 26 USC 7704 Certain Publicly Traded Partnerships Treated as Corporations............. 1545-AL57
3210 26 USC 7805 Technical Corrections for Chapter 14..................................... 1545-AR49
3211 26 USC 7805 Disclaimer of Interests and Power........................................ 1545-AR52
3212 26 USC 7805 Limitation of Annual Compensation........................................ 1545-AR54
3213 26 USC 7805 Modification of Regulations Relating to Negative 481(a) Adjustments...... 1545-AR79
3214 26 USC 7805 Statement of Procedural Rules Update..................................... 1545-AR87
3215 26 USC 7805 Automatic Extension of Time for Filing Individual Tax Returns............ 1545-AS04
3216 26 USC 7805 Automatic Extension of Time for Filing Individual Tax Returns............ 1545-AS05
3217 26 USC 7805 Arbitrage Restriction on Tax-Exempt Bonds................................ 1545-AS49
3218 26 USC 7805 Arbitrage Restrictions on Tax-Exempt Bonds............................... 1545-AS50
3219 26 USC 7805 Disclosure of Return Information to the U.S. Customs Service............. 1545-AS52
3220 26 USC 7805 Disclosure of Return Information to the U.S. Customs Service............. 1545-AS53
3221 26 USC 7805 REMIC Variable Interest Rates............................................ 1545-AS54
3222 26 USC 7805 REMIC Variable Interest Rates............................................ 1545-AS55
3223 26 USC 7805 Inventories by Dealers in Securities Section 1.471-5..................... 1545-AS57
----------------------------------------------------------------------------------------------------------------
Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3224 26 USC 0025 Mortgage Credit Certificates............................................. 1545-AH06
3225 26 USC 0025 Income Tax--Information Reporting for Mortgage Credit Certificates....... 1545-AI39
3226 26 USC 0025 Reissuance of Mortgage Credit Certificates (Cross-Reference to Temporary
Regulations).......................................................................... 1545-AR76
3227 26 USC 0025(c) Mortgage Credit Certificates in Targeted Areas........................ 1545-AN93
3228 26 USC 0042 Low-Income Housing Credit Allocation Rules and Information Reporting
Requirements.......................................................................... 1545-AJ65
3229 26 USC 0042 Special Rules To Avoid Substantial Distortion for Recovery of Basis on a
Contingent Sale....................................................................... 1545-AP41
3230 26 USC 0042 Stacking Rules........................................................... 1545-AQ41
3231 26 USC 0042 Administrative Errors--Housing Credit.................................... 1545-AQ98
3232 26 USC 0042 Carryover Allocations and Other Rules Relating to the Low-Income Housing
Credit................................................................................ 1545-AR15
3233 26 USC 0042 Rules To Carry Out the Purposes of Section 42 and for Correcting
Administrative Errors and Omissions................................................... 1545-AR46
3234 26 USC 0048 Income Tax--Special Rules Added by Sec 223(c) of Crude Oil Windfall
Profit Tax Act 1980, Relating to Reduction of Credit Where Property Is Financed by
Subsidized, Etc....................................................................... 1545-AA26
3235 26 USC 0061 Taxation of Fringe Benefits.............................................. 1545-AQ28
3236 26 USC 0067 2-Percent Floor on Miscellaneous Itemized Deductions..................... 1545-AJ49
3237 26 USC 0067 Notice of Allocation of Allocable Investment Expense..................... 1545-AQ82
3238 26 USC 0071 Treatment of Transfer of Property Between Spouses, Tax Treatment of
Alimony and Separate Maintenance Payments, and Dependency Exemption in the Case of
Child of Divorced Parents............................................................. 1545-AI49
3239 26 USC 0089 Nondiscrimination Rules for Non-Pension Employee Benefit Plans........... 1545-AI78
3240 26 USC 0101(a) The Treatment of Accelerated Death Benefits Under Sections 101, 7702
and 7702A of the Internal Revenue Code................................................ 1545-AQ70
3241 26 USC 0103 Income Tax--Exemption for Industrial Development Bonds for Water
Facilities............................................................................ 1545-AA49
3242 26 USC 0103 Income Tax--To Define the Term ``Principal User of a Facility''.......... 1545-AA56
3243 26 USC 0103 Income Tax--Mortgage Subsidy Bonds....................................... 1545-AA63
3244 26 USC 0103 Requiring Certain Debt Obligations To Be Issued in Registered Form....... 1545-AE18
3245 26 USC 0103 Sections 103(k) and (l)--Relating to Public Approval and Information
Reporting Requirements for Private Activity Bonds..................................... 1545-AE24
3246 26 USC 0103 $40 Million Small Issue Limit on Tax-Exempt Bonds Per Taxpayer........... 1545-AH19
3247 26 USC 0103(b) Tax Exemption of Obligations To Finance Mixed-Use Residential Rental
Property.............................................................................. 1545-AH68
3248 26 USC 0108 Section 108; Discharge of Indebtedness................................... 1545-AP19
3249 26 USC 0117 Exclusion of Qualified Scholarships and Fellowships From Gross Income.... 1545-AJ87
3250 26 USC 0125 Income Tax--Tax Treatment of Cafeteria Plans............................. 1545-AD63
3251 26 USC 0126 Income Tax--Exclusion From Income of Certain Cost-Sharing Payments Under
Government Programs................................................................... 1545-AA73
3252 26 USC 0131 Income Tax--Part I Exclusion From Gross Income for Certain Foster Care
Payments.............................................................................. 1545-AF52
3253 26 USC 0162(k) Continuation Coverage Requirements of Group Health Plans.............. 1545-AI93
3254 26 USC 0163 Income Tax--Limitations on Deductions for Nonbusiness Interest........... 1545-AK17
3255 26 USC 0163 Earnings Stripping Payments.............................................. 1545-AO24
3256 26 USC 0165 Income Tax--Tax Straddles Relating to Section 108 of the Tax Reform Act
of 1984............................................................................... 1545-AG57
3257 26 USC 0165 Section 165.............................................................. 1545-AP33
3258 26 USC 0166 Bank Bad Debts--Conclusive Presumption................................... 1545-AR02
3259 26 USC 0168 Income Tax--Accelerated Cost Recovery System............................. 1545-AA87
3260 26 USC 0168 Tax-Exempt Entity Leasing................................................ 1545-AH76
3261 26 USC 0168(d) Applicable Conventions Under the Accelerated Cost Recovery System..... 1545-AN81
3262 26 USC 0168(i)(4) General Asset Accounts Under the Accelerated Cost Recovery System.. 1545-AN82
3263 26 USC 0174 Definition of Research and Experimental Expenditures Under Section 174 of
the Code.............................................................................. 1545-AM92
3264 26 USC 0246(c) Dividends Received Deduction--Holding Period Reduced for Periods Where
Risk of Loss Is Diminished............................................................ 1545-AR10
3265 26 USC 0263A Capitalization and Inclusion in Inventory Costs of Certain Expenses..... 1545-AK05
3266 26 USC 0263A Produced Property....................................................... 1545-AQ89
3267 26 USC 0263A Resellers............................................................... 1545-AQ90
3268 26 USC 0263A Farmers................................................................. 1545-AQ91
3269 26 USC 0263A Creative Property....................................................... 1545-AQ92
3270 26 USC 0263A Foreign Taxpayers....................................................... 1545-AQ93
3271 26 USC 0263A Method Change Rules for the Uniform Capitalization Rules................ 1545-AQ94
3272 26 USC 0263A(f) Capitalization of Interest Expense Relating to Production of Property 1545-AK03
3273 26 USC 0267 Losses, Expenses, and Interest in Transactions Between Related Taxpayers. 1545-AN19
3274 26 USC 0269 Income Tax--Personal Service Corporations................................ 1545-AF11
3275 26 USC 0274(d) Income Tax--Substantiation Requirements With Respect to Listed
Property and Substantiation Requirements Relating to the Taxation of Fringe Benefits.. 1545-AJ40
3276 26 USC 0280A Income Tax--Deductions for Expenses Attributable to Business Use of
Homes, Rental of Vacation Homes....................................................... 1545-AB09
3277 26 USC 0280F The Substantiation of Deductions Claimed for the Use of Cellular
Telephones and Computers in a Taxpayer's Trade or Business............................ 1545-AP45
3278 26 USC 0280G Golden Parachute Payments............................................... 1545-AH49
3279 26 USC 0337 Recognition of Gain or Loss on Liquidating Sales and Distributions of
Property.............................................................................. 1545-AJ01
3280 26 USC 0337(d) Guidance in Notice 89-37, Which Treats the Receipt of a Corporate
Partner's Stock by the Corporate Partner as a Circumvention of General Utilities
Repeal................................................................................ 1545-AP52
3281 26 USC 0338 Deemed Purchase Price When Certain Stock Purchases Are Treated as Asset
Acquisitions.......................................................................... 1545-AF29
3282 26 USC 0338 Income Tax--Elections Under Section 338, as Added by Section 224 of the
Tax Equity and Fiscal Responsibility Act of 1982, as Amended by the Technical
Corrections Act of 1982............................................................... 1545-AF38
3283 26 USC 0338 Section 338(h)(10) as Added to the Code by Section 306 of the Technical
Corrections Act of 1982, Relating to Special Elective Recognition of Gain or Loss..... 1545-AF93
3284 26 USC 0338 Questions and Answers Relating to Miscellaneous Matters Under Section 338 1545-AH88
3285 26 USC 0338 Statements of Election and Due Dates..................................... 1545-AI53
3286 26 USC 0338 Amendment of Section 1.338-5T Regulations................................ 1545-AO73
3287 26 USC 0358 Income Tax--Triangular Reorganizations, Basis and Other Consequences..... 1545-AB21
3288 26 USC 0367 Amendment of the Income Tax Regulations Under Section 367 of the Code
(Transfers to Foreign Corporations) To Reflect Section 131 of the Tax Reform Act of
1984 (P.L. 98-369).................................................................... 1545-AK74
3289 26 USC 0367 Transfers of Stock on Securities by U.S. Persons to Foreign Corporations. 1545-AP81
3290 26 USC 0367(b) Income Tax--Part 1--Stock Transfer Rules.............................. 1545-AI32
3291 26 USC 0382 Income Tax--Ownership Change............................................. 1545-AJ00
3292 26 USC 0382 Section 382--Limitation on Groups Filing Consolidated Returns............ 1545-AL36
3293 26 USC 0382 Allocation of a Loss Corporation's Income or Loss for the Taxable Year
That Includes the Change Date Between the Periods Ending With and After the Change
Date.................................................................................. 1545-AL58
3294 26 USC 0382 Amendments of Section 1.382-2T(r)(4)(x) To Except Additional Options From
the Option Attribution Rules of Section 1.382-2T(h)(4)(i)............................. 1545-AO54
3295 26 USC 0382 Short Taxable Years and Control Groups................................... 1545-AP14
3296 26 USC 0382 Modification of the Section 1.382-2T(j)(2) Rules......................... 1545-AQ59
3297 26 USC 0382(l)(5)(E) Regulations under Section 382 of the Internal Revenue Code of
1986; Limitations on Corporate Net Operating Loss Carryforwards....................... 1545-AR91
3298 26 USC 0382(l)(6) Value of a Loss Corporation in an Ownership Change to Which Section
382(l)(6) Applies..................................................................... 1545-AQ60
3299 26 USC 0401 Income Tax--Refund of Mistaken Contributions............................. 1545-AD68
3300 26 USC 0401 Income Tax--Required Distributions From Qualified Plans and Individual
Retirement Accounts and Partial Rollovers of Individual Retirement Accounts........... 1545-AE95
3301 26 USC 0401(a)(4) Nondiscrimination Requirements for Qualified Plans................. 1545-AQ76
3302 26 USC 0402 Twenty Percent Withholding on Eligible Rollover Distribution............. 1545-AR35
3303 26 USC 0402(c) Twenty Percent Withholding on Eligible Rollover Distribution.......... 1545-AR01
3304 26 USC 0404A Income Tax--Deduction for Certain Foreign Deferred Compensation Plans... 1545-AD81
3305 26 USC 0409 Income Tax--Part 1; Estate Tax--Part 20, Employee Stock Ownership Plan
Rules Affected by TRA 1986............................................................ 1545-AI87
3306 26 USC 0411 Income Tax--Part 1--Benefit Accrual Beyond Normal Retirement Age......... 1545-AI85
3307 26 USC 0411 Income Tax--Part 1--Minimum Vesting Standards............................ 1545-AI88
3308 26 USC 0414 Income Tax--Employees of an Affiliated Service Group..................... 1545-AD90
3309 26 USC 0414 Income Tax--Affiliated Service Groups and Employee Leasing............... 1545-AE91
3310 26 USC 0414(q) Definition of ``Highly Compensated Employee''......................... 1545-AQ74
3311 26 USC 0446 Taxation of Tax-Exempt Organizations' Income From Corporate Sponsorship.. 1545-AR19
3312 26 USC 0448 Limitation of the Use of the Cash Method of Accounting................... 1545-AJ52
3313 26 USC 0453 Income Tax--General Rules for Installment Sales.......................... 1545-AB42
3314 26 USC 0453 Income Tax--Installment Reporting--Asset Sales and Liquidation........... 1545-AB43
3315 26 USC 0453 Income Tax--Installment Obligations Received in Transactions in Which
Gain or Loss Is Generally Not Recognized.............................................. 1545-AB44
3316 26 USC 0453A Special Rules for Nondealers............................................ 1545-AN13
3317 26 USC 0465 Income Tax--Determination of Amounts at Risk With Respect to Certain
Activities............................................................................ 1545-AB52
3318 26 USC 0468A Disposition of an Interest in a Nuclear Power Plant..................... 1545-AN06
3319 26 USC 0469 Limitations on Passive Activity Losses and Credits....................... 1545-AB26
3320 26 USC 0469(l) Limitations on Passive Activity Losses and Credits--Definition of
Activity.............................................................................. 1545-AM88
3321 26 USC 0469(l) Limitations on Passive Activity Losses and Credits--Self-Charged Items 1545-AN64
3322 26 USC 0472 Income Tax--Three-Year Averaging for Increases in Inventory Value When
Electing LIFO Method of Accounting.................................................... 1545-AB55
3323 26 USC 0475 Regulations Under Section 475............................................ 1545-AS30
3324 26 USC 0482 Section 482 Regulations.................................................. 1545-AL80
3325 26 USC 0482 Section 482, Cost Sharing Regulations.................................... 1545-AM00
3326 26 USC 0482 Taxation of Global Trading............................................... 1545-AP01
3327 26 USC 0501 VEBA Qualification--Geographic Locale Restriction........................ 1545-AQ66
3328 26 USC 0514(c)(9)(E) Taxation of Certain Qualified Exempt Organizations on Income
From Debt-Financed Property Owned Through a Partnership............................... 1545-AO78
3329 26 USC 0593 Income Tax--Limitation on Additions to Bank Loss Reserves................ 1545-AB66
3330 26 USC 0593 Bad Debt Reserve Recapture for Thrift Institutions....................... 1545-AO69
3331 26 USC 0597 Tax Consequences of Federal Financial Assistance Provided in Connection
With Taxable Asset Acquisitions of Troubled Financial Institutions.................... 1545-AN71
3332 26 USC 0601 Statement of Procedural Rules--Appeals Function.......................... 1545-AQ18
3333 26 USC 0706(b) Taxable Years of Certain Partnerships................................. 1545-AJ47
3334 26 USC 0708 Partnership Termination Distributions.................................... 1545-AO20
3335 26 USC 0761 Election out of Subchapter K for Producers of Natural Gas................ 1545-AP23
3336 26 USC 0809 Mandatory Securities Valuation Reserve................................... 1545-AR59
3337 26 USC 0860F Extension of Time for Real Estate Mortgage Investment Conduits To
Provide Reporting Information......................................................... 1545-AP73
3338 26 USC 0861 Charitable Contributions................................................. 1545-AP30
3339 26 USC 0863 Special Rules for Determining Source..................................... 1545-AQ81
3340 26 USC 0864 Allocation and Apportionment of Interest Expense and Certain Other
Expenses.............................................................................. 1545-AM20
3341 26 USC 0864(d) Treatment of Related Person Factoring Income; Certain Investments in
United States Property; and Stock Redemptions Through Related Corporations............ 1545-AH85
3342 26 USC 0882 Computation of Interest Expense Deduction................................ 1545-AL84
3343 26 USC 0884 Amendments to the Branch Profits Tax Under Sections 884 and 864.......... 1545-AQ58
3344 26 USC 0884 Final Regulations Under Section 1.884-2.................................. 1545-AQ73
3345 26 USC 0892 Income of Foreign Governments and International Organizations............ 1545-AL93
3346 26 USC 0897 Nonrecognition of Corporate Distributions and Reorganizations Under the
Foreign Investment in Real Property Tax Act........................................... 1545-AK79
3347 26 USC 0898 Conforming Taxable Years of CFCs and FPHCs: 1989 Change.................. 1545-AO22
3348 26 USC 0904(d)(5) Application of Section 904 to Income Subject to Separate
Limitations and Section 864(e) Affiliated Group Expert Allocation Rules............... 1545-AQ43
3349 26 USC 0905 Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of
Foreign Tax and Civil Penalties for Failure To File................................... 1545-AC09
3350 26 USC 0924 FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction,
and Other Special Rules for FSC....................................................... 1545-AI16
3351 26 USC 0936 Income Tax--Definition of Qualified Possession Source Investment Income
for Purposes of Puerto Rico and Possession Tax Credit................................. 1545-AC10
3352 26 USC 0936 Section 936 Regulations.................................................. 1545-AR18
3353 26 USC 0936(d)(4) CBI Investments of Section 936 Funds............................... 1545-AM91
3354 26 USC 0953(c) Insurance Income...................................................... 1545-AJ70
3355 26 USC 0954 Subpart F Definitions.................................................... 1545-AM15
3356 26 USC 0964 Earnings and Profits of Controlled Foreign Corporations.................. 1545-AM90
3357 26 USC 0964 Use of GAAP Earnings as E&P of Foreign Corporations...................... 1545-AQ55
3358 26 USC 0985 Computation and Characterization of Income of Earnings and Profits Under
the Dollar Approximate Separate Transactions Method of Accounting (DASTM)............. 1545-AP70
3359 26 USC 0985 Rules for a QBU Changing From the Profit-and-Loss Method to DASTM........ 1545-AR28
3360 26 USC 0987 Computation of a Branch's Taxable Income Taxation of Exchange Gain or
Loss on Branch Remittances............................................................ 1545-AM12
3361 26 USC 0988 Mark-to-Market Method of Accounting Under Section 988.................... 1545-AP78
3362 26 USC 0995 Income Tax--Tax Reform Act of 1984 Relating to Interest Charge DISCs..... 1545-AG71
3363 26 USC 1001 Modifications of Debt Instruments........................................ 1545-AR04
3364 26 USC 1031 Like-Kind Exchanges--Coordination With Section 453....................... 1545-AQ48
3365 26 USC 1058 Income Tax--Transfers of Securities Under Certain Agreements............. 1545-AC20
3366 26 USC 1058 Certain Payments Made Pursuant to a Securities Lending Transaction....... 1545-AP71
3367 26 USC 1060 Income Tax--Special Allocation Rules for Certain Asset Acquisitions...... 1545-AJ06
3368 26 USC 1092(b) Income Tax--Tax Reform Act of 1984 Relating to Mixed Straddles........ 1545-AH59
3369 26 USC 1092(b) Income Tax--Economic Recovery Tax Act of 1981 and the Tax Reform Act
of 1984, Relating to Straddles........................................................ 1545-AH60
3370 26 USC 1221 Capital Asset Defined.................................................... 1545-AR73
3371 26 USC 1254 Income Tax--Gain From Disposition of Interest in Oil or Gas Property..... 1545-AC35
3372 26 USC 1275 Sections 1271 Through 1275 Relating to Tax Treatment of Debt Instruments
Having Original Issue Discount........................................................ 1545-AH46
3373 26 USC 1275(d) Treatment of Price Level Adjustment Mortgages Under the Original Issue
Discount Provisions of the Code....................................................... 1545-AO03
3374 26 USC 1291 Treatment of Shareholders of Passive Foreign Investment Companies........ 1545-AC06
3375 26 USC 1291(d)(2) Passive Foreign Investment Companies............................... 1545-AI33
3376 26 USC 1361 Income Tax--Definition of S Corporation.................................. 1545-AE86
3377 26 USC 1363(d) Merger of a C Corporation Into an S Corporation....................... 1545-AR50
3378 26 USC 1367 Income Tax--Rules Relating to Adjustment to Basis of Stock of
Shareholders of S Corporations and to Determination of Basis of Property Distribution
by Corporation........................................................................ 1545-AE88
3379 26 USC 1374 Cross-Reference--Application of Section 1374 Built-In Gains Tax C
Corporations Electing S Corporation Status............................................ 1545-AK93
3380 26 USC 1398 Use of Passive Activity Loss Carryovers by Bankruptcy Estates............ 1545-AQ50
3381 26 USC 1441 Withholding on Items of Income Covered by an Income Tax Convention....... 1545-AH86
3382 26 USC 1441 Withholding of Tax on Nonresident Aliens................................. 1545-AN75
3383 26 USC 1441 General Revision of Section 1441 Regulations............................. 1545-AO27
3384 26 USC 1446 Temporary Regulation on Withholding Tax on Payments From Partnerships to
Foreign Partners...................................................................... 1545-AL32
3385 26 USC 1502 Consolidated Return Regulations; Adjustment on Disposition of Stock of
Subsidiary............................................................................ 1545-AL59
3386 26 USC 1502 Adjustments Reflecting a Restructuring of a Consolidated Group........... 1545-AL62
3387 26 USC 1502 Modification of Restoration Rules Relating to Deferred Gain Property Sold
Outside the Group..................................................................... 1545-AL63
3388 26 USC 1502 Consolidated Alternative Minimum Tax..................................... 1545-AN73
3389 26 USC 1502 Limitations on the Use of Certain Losses and Built-In Deductions......... 1545-AP15
3390 26 USC 1502 Investment Adjustments................................................... 1545-AQ69
3391 26 USC 1504 Cross-Reference--Alaska Native Corporations; Requirements for Affiliation
in Order To File a Consolidated Return................................................ 1545-AK88
3392 26 USC 162(M) Million-Dollar Cap on Deduction for Executive Compensation............. 1545-AS23
3393 26 USC 2036 Estate and Gift Taxes--Inclusion of Stock in Estate Where Decedent
Retained Voting Rights................................................................ 1545-AC63
3394 26 USC 2056 Estate and Gift Taxes--Increase in Limitations on Marital Deductions..... 1545-AC67
3395 26 USC 2056 Alien Spouse Marital Deduction........................................... 1545-AM85
3396 26 USC 2653(b) Estate Tax--Generation Skipping Transfer Tax.......................... 1545-AJ11
3397 26 USC 2663 Estate Tax--Generation-Skipping Transfer Tax............................. 1545-AL75
3398 26 USC 2704 Explain Rules Under Section 2701......................................... 1545-AM86
3399 26 USC 3121 Employment Tax--To Require Withholding of Social Security and Railroad
Retirement Tax From Certain Payments of Sick Pay...................................... 1545-AC77
3400 26 USC 3201 Update of Railroad Retirement Tax Act Regulations........................ 1545-AR08
3401 26 USC 3221 Supplemental Annuity Tax--Railroad Retirement Supplemental Annuity Tax--
Railroad Retirement................................................................... 1545-AR07
3402 26 USC 3406 Backup Withholding Under Section 3406.................................... 1545-AE20
3403 26 USC 3406 Information Reporting and Backup Withholding............................. 1545-AL99
3404 26 USC 3508 Treatment of Real Estate Agents and Direct Sellers as Nonemployees for
Employment Tax Purposes--Reporting Requirements With Respect to Direct Sellers........ 1545-AE62
3405 26 USC 4001 Retail Excise Taxes on Certain Luxury Items.............................. 1545-AP24
3406 26 USC 4052 Excise Tax--Excise Tax on Heavy Trucks, Truck Trailers and Semitrailers,
and Tractors.......................................................................... 1545-AI51
3407 26 USC 4081 Diesel Fuel Excise Tax................................................... 1545-AR92
3408 26 USC 4221 Vaccine Exports.......................................................... 1545-AR38
3409 26 USC 4611 Tax on Petroleum......................................................... 1545-AJ23
3410 26 USC 4682 Exports of Ozone-Depleting Chemicals..................................... 1545-AQ23
3411 26 USC 4980A Excise Tax--Excess Distributions From Qualified Retirement Plans........ 1545-AI81
3412 26 USC 4992 Excise Tax--Issues Arising Where Multiple Parties Share in Production,
Including Unitizations, Partnerships, Trusts, and Estates............................. 1545-AC94
3413 26 USC 4996 Excise Tax--Definition of Property Under the Crude Oil Windfall Profit
Tax Act 1980.......................................................................... 1545-AD08
3414 26 USC 6011 Excise Tax--Part 54--Procedure and Administration; Part 301 --Filing of
Returns for Payment of Pension Excise Tax on Reversions of Qualified Plan Assets...... 1545-AI83
3415 26 USC 6031 Income Tax--Amendments to Requirements for Return of Partnership Income.. 1545-AE40
3416 26 USC 6038 Information Returns Required of United States Persons With Respect to
Certain Foreign Corporations.......................................................... 1545-AQ06
3417 26 USC 6039E Information From Passport and Immigration Applicants.................... 1545-AJ93
3418 26 USC 6045 Information Returns on Sales Through COD Accounts........................ 1545-AG52
3419 26 USC 6049 Obligation of Brokers To Report Original Issue Discount on Form 1099..... 1545-AM80
3420 26 USC 6061 Voice Signatures......................................................... 1545-AQ68
3421 26 USC 6109 Authority of the FCIC To Require Employer Identification Numbers for
Certain Taxpayers..................................................................... 1545-AQ49
3422 26 USC 6111 Section 6111, Relating to Tax Shelter Registration....................... 1545-AG45
3423 26 USC 6114 6114 Reporting Requirements Waived....................................... 1545-AP35
3424 26 USC 6159 Agreements for Payment for Tax Liability in Installments................. 1545-AM66
3425 26 USC 6205 Interest-Free Adjustments................................................ 1545-AQ61
3426 26 USC 6241 Small S Corporation Exception and Definition of Subchapter S Item........ 1545-AJ99
3427 26 USC 6302 Railroad Unemployment Repayment Tax...................................... 1545-AN40
3428 26 USC 6323 Notice of Lien on Personal Property...................................... 1545-AM64
3429 26 USC 6331 Levy and Distraint....................................................... 1545-AM70
3430 26 USC 6334 Property Exempt From Levy................................................ 1545-AN46
3431 26 USC 6343 Authority To Release Levy and Return Property............................ 1545-AN48
3432 26 USC 6404(e) Procedure and Administration--Abatement of Interest................... 1545-AK71
3433 26 USC 6611 Procedure and Administration Regulations--Modifications of Interest
Payments for Certain Periods.......................................................... 1545-AF10
3434 26 USC 6611(b)(1) Clarification of Period During Which Interest Is Allowed With
Respect to Certain Overpayments....................................................... 1545-AO79
3435 26 USC 6651(f) Fraudulent Failure To File Tax Return; Imposition of Fraud Penalty.... 1545-AO84
3436 26 USC 6655 Accelerated Payment of Estimated Taxes by Corporations................... 1545-AE37
3437 26 USC 6662 Section 482 Penalty...................................................... 1545-AQ45
3438 26 USC 6695 Use of Facsimile Signatures by Income Tax Return Preparers of Forms 1041,
U.S. Fiduciary Income Tax Returns..................................................... 1545-AL49
3439 26 USC 6851 Certificates of Compliance With Income Tax Laws by Departing Aliens...... 1545-AN97
3440 26 USC 7103(b) Procedure and Administration--Property Seized by the Internal Revenue
Service Under the Money Laundering Control Act of 1986................................ 1545-AL04
3441 26 USC 7426 Wrongful Levy Actions Involving Government Agencies...................... 1545-AO60
3442 26 USC 7430 Recovery of Administrative Costs......................................... 1545-AN02
3443 26 USC 7502 Procedure and Administration--Amendment of Regulations Relating to the
Timely Mailing of Returns, Taxes, and Deposits........................................ 1545-AD42
3444 26 USC 7520 Estate and Gift Tax Valuation Tables..................................... 1545-AM81
3445 26 USC 7701 Taxable Mortgage Pools................................................... 1545-AP98
3446 26 USC 7701(a)(40) Indian Tribal Governments Treated as States for Certain Purposes.. 1545-AF77
3447 26 USC 7702 Reasonable Mortality Charges............................................. 1545-AO12
3448 26 USC 7805 Circular 230 Revisions................................................... 1545-AQ57
3449 26 USC 7805 Qualified Separate Lines of Business..................................... 1545-AR61
3450 26 USC 7805 Fuel Floor Stocks Tax of 1993............................................ 1545-AR94
3451 26 USC 7805 Vaccine Floor Stock Tax of 1993.......................................... 1545-AR95
3452 26 USC 7805 Allocations Reflecting Gain or Loss on Property Contributed to a
Partnership........................................................................... 1545-AS00
3453 26 USC 7805 Certain Elections Under the Omnibus Budget Reconciliation Act of 1993.... 1545-AS14
3454 26 USC 7805 Information Reporting for Discharge of Indebtedness...................... 1545-AS21
3455 26 USC 7872 Regulations on Income Tax Under the Tax Reform Act of 1984, Relating to
Below-Market Loans.................................................................... 1545-AH72
----------------------------------------------------------------------------------------------------------------
Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3456 26 USC 0025 MCC Regulations.......................................................... 1545-AR57
3457 26 USC 0045B Credit for Employer Social Security Taxes Paid on Employee Tips......... 1545-AS19
3458 26 USC 0047 Fuel Floor Stock Taxes Under OBRA 1993................................... 1545-AS33
3459 26 USC 0104 Amount Received as Compensation for Personal Injury or Sickness.......... 1545-AQ97
3460 26 USC 0104 Amount Received as Compensation for Personal Injury or Sickness.......... 1545-AR36
3461 26 USC 0112 Combat Zone Compensation of Members of the Armed Forces.................. 1545-AP53
3462 26 USC 0162 Deduction for Travel Expenses While Away From Home....................... 1545-AS02
3463 26 USC 0162 Deduction for Travel Expenses While Away From Home....................... 1545-AS03
3464 26 USC 0162 Lobbying Expense Deductions--Dues........................................ 1545-AS17
3465 26 USC 0166 Bank Bad Debts--Conclusive Presumption................................... 1545-AR47
3466 26 USC 0280F Automobile Inclusion Amounts for Calendar Years After 1988.............. 1545-AN80
3467 26 USC 0338 Consistency Rules Under Section 338...................................... 1545-AQ05
3468 26 USC 0338 Revisions of the Section 338 Consistency Rules With Respect to Target
Affiliates That Are Controlled Foreign Corporations................................... 1545-AS29
3469 26 USC 0401(a)(4) Nondiscrimination Requirements for Qualified Plans................. 1545-AR09
3470 26 USC 0410(b) Minimum Coverage Requirements......................................... 1545-AR51
3471 26 USC 0412 Minimum Funding Requirements--Plan Restoration........................... 1545-AP13
3472 26 USC 0414(s) Definition of Compensation for Qualified Plans........................ 1545-AR55
3473 26 USC 0446 Timing of Income With Respect to Notional Principal Contracts............ 1545-AN15
3474 26 USC 0448 Untimely Compliance With Section 448..................................... 1545-AO65
3475 26 USC 0475 Regulations Under Section 475............................................ 1545-AS31
3476 26 USC 0514 Unrelated Debt-Financed Income of Qualified Service...................... 1545-AR17
3477 26 USC 0585 Bad Debt Reserves of Financial Institutions.............................. 1545-AJ31
3478 26 USC 0704(c) Allocations Reflecting Built-In Gain or Loss on Property Contributed
to a Partnership...................................................................... 1545-AG98
3479 26 USC 0704(c) Allocations Reflecting Built-in Gain or Loss on Property Contributed
to a Partnership...................................................................... 1545-AR74
3480 26 USC 0809 Imputed Earnings Rate for Mutual Life Insurance Companies................ 1545-AG63
3481 26 USC 0809 Computation of Equity Base............................................... 1545-AR75
3482 26 USC 0985 Change From the Dollar Approximate Separate Transaction Method (DASTM) to
the Profit-and-Loss Method of Accounting.............................................. 1545-AR24
3483 26 USC 1221 Capital Asset Defined.................................................... 1545-AR71
3484 26 USC 4081 Diesel Fuel Excise Tax Regulations Relating to Gasoline and Diesel Fuel
Excise Tax............................................................................ 1545-AS13
3485 26 USC 6011 Reporting and Deposit of Employment Tax Liabilities...................... 1545-AS08
3486 26 USC 6012 Telefile Voice Signature Test/Voice Signature Alternative................ 1545-AR97
3487 26 USC 6050H Information Reporting for Reimbursements of Interest on Qualified
Mortgages............................................................................. 1545-AQ78
3488 26 USC 6050P Information Reporting for Discharges of Indebtedness.................... 1545-AS20
3489 26 USC 6302 Form 941 Simplification.................................................. 1545-AR42
3490 26 USC 7654 Coordination of U.S. and Certain Possession Income Taxes (TEMP).......... 1545-AP85
3491 26 USC 7805 Permitted Disparity With Respect to Benefits and Contributions........... 1545-AR53
3492 26 USC 7805 Vaccine Floor Stocks Tax................................................. 1545-AS06
3493 26 USC 7805 Fuel Floor Stocks Tax Under the Omnibus Budget Reconciliation Act of 1993 1545-AS07
3494 26 USC 7805 Certain Elections Under the Omnibus Budget Reconciliation Act of 1993.... 1545-AS15
----------------------------------------------------------------------------------------------------------------
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2965. DEFINITION OF QUALIFIED RESEARCH AND COMPUTATION OF RESEARCH CREDIT
UNDER SECTION 41 OF THE CODE, AFTER 1986 ACT AND 1989 ACT
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; PL 101-
239, sec 7110
CFR Citation: 26 CFR 602; 26 CFR 1
Legal Deadline: None
Abstract: The purpose of the regulation is to provide clarification on
the computation of the research credit, under section 41 of the
Internal Revenue Code of 1986, as a result of amendments to section 41
by the Tax Reform Act of 1986 and the Revenue Reconciliation Act of
1989.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-016-90.
Drafting attorney: David S. Hudson (202) 622-3120.
Reviewing attorney: Emil O. Muhs, Jr. (202) 622-3120.
Treasury attorney: Michael Schultz (202) 622-1343.
Agency Contact: David Hudson, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3120
RIN: 1545-AO51
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2966. A DETAILING OF THE MINIMUM LIVING AREA WHICH MUST CONSTITUTE A
BEDROOM FOR PURPOSES OF DETERMINING THE GROSS RENT LIMITATION APPLICABLE
TO RENT-RESTRICTED UNITS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 42(g)(2)(C) Internal Revenue Code of 1986
CFR Citation: 26 CFR 42
Legal Deadline: None
Abstract: The temporary regulations discuss the minimum living area of
a bedroom used for determining the gross rent limitation applicable to
rent-restricted units under section 42(g)(2)(c) for purposes of the
low-income housing credit.
Timetable: Next Action Undetermined
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: PS-010-90.
Drafting attorney: Elissa Shendalman (202) 622-3040.
Reviewing attorney: James F. Ranson (202) 622-3040.
Treasury attorney: Heidi Ebel (202) 622-1334.
Agency Contact: Elissa Shendalman, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3040
RIN: 1545-AO52
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2967. DEPENDENT CARE ASSISTANCE
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 129
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide guidance to employers and their
employees concerning qualified dependent care assistance programs.
Under 26 USC 129, an employee may exclude up to $5,000 from gross
income for dependent care.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-090-88.
Drafting attorney: Monice Rosenbaum (202) 622-6070.
Reviewing attorney: James L. Brokaw (202) 622-6070.
Agency Contact: Monice Rosenbaum, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-6070
RIN: 1545-AN17
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2968. COORDINATION OF NONDISCRIMINATION
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 401
Internal Revenue Code of 1986; 26 USC 402 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1.401(k)-1; 26 CFR 1.401(m)-1; 26 CFR 1.401(m)-2;
26 CFR 1.402(g)-1; 26 CFR 1.402(a)-1; 26 CFR 54.4979-1
Legal Deadline: None
Abstract: This project will coordinate regulations under section 401(k)
and (m) of the Internal Revenue Code of 1986 with nondiscrimination
regulations under sections 401(a)(4) and 410(b). It will also make
technical corrections to the regulations.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: EE-86-91.
Drafting attorney: Catherine Livingston Fernandez (202) 622-6030.
Reviewing attorney: Richard M. Lent (202) 622-6030.
Treasury attorney: Kurt L.P. Lawson (202) 622-2647.
Agency Contact: Catherine Livingston Fernandez, Attorney, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-6030
RIN: 1545-AQ87
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2969. INCOME TAX--UNRELATED TRADE OR BUSINESS INCOME
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 512
(a) Internal Revenue Code of 1986; 26 USC 514 (c) Internal Revenue Code
of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will address the issue of what constitutes
real property acquired by a qualified trust. The guidance provided on
this issue will determine the scope of the exception under 26 USC
514(c)(9) for such acquisitions from the term acquisition indebtedness.
Under 26 USC 514, the existence of such indebtedness on income
producing property gives rise to unrelated debt-financed taxable
income. The regulation will also address the issue of the proper
allocation method to determine fixed indirect expenses connected with
the unrelated trade or business use of an exempt organization's
property.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-27-81.
Drafting attorney: Monice Rosenbaum (202) 622-6070.
Reviewing attorney: James L. Brokaw (202) 622-6070.
Agency Contact: Monice Rosenbaum, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-6070
RIN: 1545-AE00
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2970. SPECIAL ESTIMATED TAX PAYMENTS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 847
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provide rules for payment of special Estimated Taxes in an
amount equal to the Tax Benefit of the special deduction allowed by
section 847.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-022-89.
Drafting attorney: Michael J. Douglass (202) 622-3970.
Reviewing attorney: Donald J. Drees, Jr. (202) 622-3970.
Treasury attorney: Beth Brooke (202) 622-1332.
Agency Contact: Michael J. Douglass, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3970
RIN: 1545-AN33
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2971. FIRPTA CLEANUP
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 897
Internal Revenue Code of 1986; 26 USC 1445 Internal Revenue Code of
1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Reporting requirements for 5 percent shareholders; equity
kickers; establish securities market definition; other related issues.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-785-87.
Drafting attorney: Gwendolyn A. Rotter (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Unassigned.
Agency Contact: Gwendolyn A. Rotter, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3860
RIN: 1545-AJ72
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2972. RESOURCING INCOME TO PREVENT AVOIDANCE OF FOREIGN TAX CREDIT
LIMITATION RULES RELATING TO FOREIGN LOSSES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 904
Internal Revenue Code of 1986; 26 USC 1504 Internal Revenue Code of
1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The purpose of the regulation is to require a taxpayer to
resource the income of any member of an affiliated group of
corporations, or, alternatively to modify the consolidated return
regulations, to the extent necessary in order to prevent avoidance of
the purposes of the foreign tax credit rules.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-6-90.
Drafting attorney: Kenneth D. Allison (202) 622-3860.
Reviewing attorney: Charles P. Besecky (202) 622-3860.
Treasury attorney: Carol Doran-Klein (202) 622-1762.
Agency Contact: Kenneth D. Allison, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC, 202 622-3860
RIN: 1545-AN87
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2973. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Section 1203 of the Tax Reform Act of 1986 amends section
904(f) by adding paragraph (5) at the end thereof which requires that
foreign source losses with respect to any income category first offset
a taxpayer's other foreign source income before such losses offset the
taxpayer's U.S. source income. The regulation will provide rules for
the allocation of foreign source losses.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-338-89.
Drafting attorney: Willard W. Yates (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1781.
Agency Contact: Willard W. Yates, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3850
RIN: 1545-AM11
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2974. SOURCE RULES WITHIN THE VIRGIN ISLANDS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide sourcing rules for the
determination as to whether income is derived from sources within the
Virgin Islands or the United States or is effectively connected with
the conduct of a trade or business within the Virgin Islands or the
United States. To the extent possible, the rules will be similar to
those set forth in IRC sections 861-865.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-613-87.
Drafting attorney: Ricardo A. Cadenas (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490.
Treasury attorney: Charles Cope (202) 622-1752.
Agency Contact: Ricardo A. Cadenas, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South, S.W. Room
3319, Washington, DC 20024, 202 874-1490
RIN: 1545-AL40
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2975. OBRA 1993 SECTION 936 REG
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
936(a)(4) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will prescribe rules for electing the 60%
wage limitation on the section 936 credit for computing the limitation,
and will prescribe rules for electing affiliated group status as well
as rules to prevent tax avoidance using such affiliated status.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: INTL-073-93
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.
Treasury attorney: Unassigned.
Agency Contact: Mary Gillmarten, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3870
RIN: 1545-AS43
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2976. SUBPART F--USE OF DEFICITS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 952
Internal Revenue Code of 1986; 26 USC 954 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide rules for determining the extent
to which current year deficits in unrelated income categories or prior
year deficits may reduce the amount included in the gross income of any
U.S. shareholder under section 951(a)(1)(A)(i) for taxable years after
1986.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-954-86.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Unassigned.
Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3840
RIN: 1545-AJ71
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2977. EARNINGS INVESTED IN EXCESS PASSIVE ASSETS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
956A Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide guidance on the treatment of
earnings in excess passive assets.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-067-93.
Drafting attorney: Kristine K. Schlaman (202) 622-3850.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Joni Walser (202) 622-1781.
Agency Contact: Kristine K. Schlaman, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3850
RIN: 1545-AS47
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2978. INCOME TAX--GAIN FROM SALE OR EXCHANGE OF STOCK IN FOREIGN
CORPORATIONS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
1248 Internal Revenue Code of 1986; 26 USC 751 Internal Revenue Code of
1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations would amend existing regulations with respect
to the section 1248 amount attributable to stock of lower tier
subsidiaries and stock in less developed country corporations. The
regulations would also provide rules for determining the section 1248
amount due to certain dispositions on which gain is not recognized. The
regulations would also expand the foreign tax credit available with
respect to the section 1248 amount attributable to third-tier
subsidiaries.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-42-86.
Drafting attorney: Kathryn Horton O'Brien (202) 622-3860.
Reviewing attorney: Charles P. Besecky (202) 622-3860.
Treasury attorney: Peter Marrs (202) 622-0724.
Agency Contact: Kathryn Horton O'Brien, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3860
RIN: 1545-AC31
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2979. DISPOSITION GAIN REPRESENTING ACCRUED MARKET DISCOUNT TREATED AS
ORDINARY INCOME; DEFERRAL OF INTEREST DEDUCTION ALLOCABLE TO ACCRUED
MARKET DISCOUNT
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
1276 Internal Revenue Code of 1986; 26 USC 1278 Internal Revenue Code
of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide rules relating to the
treatment of gain realized on the disposition of any Market Discount
Bond as ordinary income. These regulations will also prescribe the
extent to which a deduction for interest allocable to accrued market
discount is deferred.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-21-85.
Drafting attorney: Carol A. Schwartz (202) 622-3411.
Reviewing attorney: Bernita Thigpen (202) 622-3920.
Treasury attorney: P. Val Strehlow (202) 622-0869.
Agency Contact: Carol A. Schwartz, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC20224, 202 622-3411
RIN: 1545-AH82
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2980. INFORMATION REPORTING AND RECORD MAINTENANCE UNDER SECTION 6038C
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
7801 Internal Revenue Code of 1986; 26 USC 6038(c) Internal Revenue
Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation project will implement the directives of
newly passed section 6038C.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: INTL-102-90.
Drafting attorney: Carol P. Tello (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Warren Crowdus (202) 622-1779.
Agency Contact: Carol P. Tello, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3880
RIN: 1545-AP10
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2981. LIMITED LIABILITY COMPANY TAX MATTER PARTNER
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 6320(i) Internal Revenue Code of 1986; 26 USC
6230(k) Internal Revenue Code of 1986; 26 USC 7805(a) Internal Revenue
Code of 1986
CFR Citation: 26 CFR 301.6231(a)(7)-1T
Legal Deadline: None
Abstract: A tax matters partner (a ``TMP'') of a partnership must keep
each partner informed of all administrative and judicial proceedings
for the adjustment at the partnership level of partnership items. A TMP
also may file a petition for readjustment, file an administrative
adjustment, and extend the statute of limitations on behalf of all
partners. A partnership may only designate a general partner as the
TMP. If a partnership does not designate a TMP, a general partner will
be designated as the TMP either by statute or by the Internal Revenue
Service. If it is impractical to designate a general partner as the
TMP, the Service will designate a limited partner as the TMP. Because a
limited liability company does not have a general partner, a limited
liability company cannot designate a TMP. Guidance is needed that will
allow a limited liability company to designate a TMP.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: Federal
Additional Information: PS-34-92.
Drafting attorney: Lindsay Russell (202) 622-3050.
Reviewing attorney: Dianna K. Miosi (202) 622-3050.
Treasury attorney: Barksdale Penick (202) 622-1335.
Agency Contact: Lindsay Russell, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-3050
RIN: 1545-AQ47
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2982. TIME FOR PERFORMING CERTAIN ACTS POSTPONED BY REASON OF SERVICE IN
COMBAT ZONE
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will address how service in a combat zone
affects the time for performing certain actions required or allowed
under the internal revenue laws.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-006-91.
Drafting attorney: Stuart Spielman (202) 622-4940.
Reviewing attorney: Alan Fraser (202) 622-4940.
Treasury attorney: Jim Miller (202) 622-1768.
Agency Contact: Stuart Spielman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-4940
RIN: 1545-AP90
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2983. REGULATIONS DEALING WITH CONDUIT ARRANGEMENTS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
7701 (l) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Regulations dealing with conduit financing arrangements.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-64-93
Drafting attorney: Richard L. Chewning (202) 622-3870.
Reviewing attorney: Neil Z. Auerbach (202) 622-3880.
Treasury attorney: Peter Marrs (202) 622-0724.
Agency Contact: Richard L. Chewning, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3870
RIN: 1545-AS40
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2984. REMIC REGULATIONS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
860E Internal Revenue Code of 1986; 26 USC 860G Internal Revenue Code
of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations will provide guidance to REMICS and
to their investors concerning the operation, formation and taxation of
the entity and the investors.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-31-93
Drafting attorney: Carol Schwartz (202) 622-3920.
Reviewing attorney: Marshall Feiring (202) 622-3960.
Treasury attorney: P. Val Strehlow (202) 622-0869.
Agency Contact: Carol A. Schwartz, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3920
RIN: 1545-AR88
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2985. STATEMENT OF PROCEDURAL RULES--UPDATE 2
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 5 USC 552 (a)(1)(C)
CFR Citation: 26 CFR 601.101; 26 CFR 601.102; 26 CFR 601.103; 26 CFR
601.104; 26 CFR 601.105; 26 CFR 601.107; 26 CFR 601.108; 26 CFR 601.109
Legal Deadline: None
Abstract: The regulation updates the statement of procedural rules that
concern the basic return processing, examination, and collection
functions.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-21-93.
Drafting attorney: John Moran (202) 622-4940.
Reviewing attorney: George Bradley (202) 622-8104.
Agency Contact: John Moran, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC.
20224, 202 622-4940
RIN: 1545-AR44
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2986. STATEMENT OF PROCEDURAL RULES--PART 601.702
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 5 USC 552; 5 USC 301
CFR Citation: 26 CFR 601.702
Legal Deadline: None
Abstract: The document contains final rules amending the Statement of
Procedural Rules (SPR) (26 CFR 601.702). Some amendments reflect
procedures heretofore only made available to the public in the Internal
Revenue Manual, which is maintained in Internal Revenue Service reading
rooms. The SPR also reflects changes in the title and nomenclature and
changes of addresses to be contacted for Freedom of Information
requests. The rules affect persons requesting records from the Internal
Revenue Service.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Statement of Procedural Rules 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: CC:EL:D-51-84-93
Drafting attorney: Margo Stevens (202) 622-4570.
Agency Contact: Margo L. Stevens, Attorney, Department of the Treasury,
Internal Revenue Service, 202 622-4570
RIN: 1545-AR99
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2987. CLEAR REFLECTION OF INCOME IN THE CASE OF CERTAIN FINANCIAL
PRODUCTS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1.446-5
Legal Deadline: None
Abstract: The proposed regulations clarify the timing of the
recognition of deduction, gain or loss for certain financial products.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-54-93
Drafting attorney: Jo Lynn Ricks (202) 622-3920.
Reviewing attorney: Mike Novey (202) 622-3267.
Treasury attorney: Hal Gann (202) 622-1333.
Agency Contact: Jo Lynn Ricks, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3920
RIN: 1545-AR96
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2988. GRANTOR TRUST REPORTING REQUIREMENTS
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: Grantor trust reporting requirements
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/30/94
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-79-93
Drafting attorney: Robert Rio (202) 622-3060.
Agency Contact: Robert Rio, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-3060
RIN: 1545-AS37
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2989. MORTGAGE CREDIT CERTIFICATES AND TARGETED AREAS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 25 (c) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1.25-4T(g)(2)
Legal Deadline: None
Abstract: The percentage of mortgage originations required by section
1.25-4T(g) (8 percent) was predicted of the 1:5 trade in rule contained
in former section 25(c) of the Code to accommodate the new 1:4 rate
contained in section 25(c). We are amending sections 1.25-4T(g).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: Governmental Jurisdictions
Government Levels Affected: State, Local
Additional Information: FI-068-89.
Drafting attorney: Harold Diamond (202) 622-3980.
Agency Contact: Harold Diamond, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-3980
RIN: 1545-AO05
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2990. LOW-INCOME HOUSING CREDIT RECAPTURE RULE
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 38 Internal Revenue Code of 1986; 26 USC 42
Internal Revenue Code of 1986; 26 USC 167 Internal Revenue Code of
1986; 26 USC 168 Internal Revenue Code of 1986; 26 USC 142(d) Internal
Revenue Code of 1986; 26 USC 179 Internal Revenue Code of 1986; 26 USC
267(b) Internal Revenue Code of 1986; 26 USC 1274(d)(1) Internal
Revenue Code of 1986; 26 USC 6621 Internal Revenue Code of 1986; 26 USC
6622 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide guidance with respect to the
recapture requirements of section 42(j)for the low-income housing
credit. In addition, these regulations will clarify the types of
housing that will qualify for the credit.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/94
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-108-87.
Drafting attorney: Christopher J. Wilson (202) 622-3040.
Reviewing attorney: James Ranson (202) 622-3040.
Agency Contact: Christopher J. Wilson, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3040
RIN: 1545-AL12
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2991. 10-YEAR WAIVER REGULATIONS UNDER SECTION 42 IRC
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 42
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides rules on certain buildings acquired
during a 10-year period.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-025-90.
Drafting attorney: Elissa Shendalman (202) 622-3040.
Reviewing attorney: Donna Young (202) 622-3040.
Treasury attorney: Heidi Ebel (202) 622-1334.
Agency Contact: Elissa Shendalman, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3040
RIN: 1545-AO94
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2992. DISABLED ACCESS CREDIT
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 44(e) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will explain who is eligible for the credit
and what types of expenditures will qualify for the credit.
Timetable: Next Action Undetermined
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: PS-94-91.
Drafting attorney: Robert Pitzer (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Agency Contact: Robert Pitzer, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-3110
RIN: 1545-AQ20
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2993. RENEWABLE ELECTRICITY PRODUCTION CREDIT, SECTION 45
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805; 26 USC 45
CFR Citation: 26 CFR 1.45
Legal Deadline: None
Abstract: Definition of qualified facility under section 45(c)(3) and
other related issues.
Timetable: Next Action Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: PS-59-93
Drafting attorney: Paul Handleman (202) 622-3110.
Reviewing attorney: Harold Burghart (202) 622-3110.
Treasury attorney: Elizabeth Wagner (202) 622-1778.
Agency Contact: Paul Handleman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-3110
RIN: 1545-AS01
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2994. CREDIT FOR EMPLOYER SOCIAL SECURITY TAX PAID ON EMPLOYEE
TIPS
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1.45B-1(new)
Legal Deadline: None
Abstract: Section 45B of the Code describes a business tax credit for
employer FICA (social security) taxes paid by food and beverage
establishments on tips received by this employees. The proposed
regulations clarify that the credit applies only to taxes paid on tips
reported to the employee by its employees and that the credit is
effective for employer FICA taxes paid after December 31, 1993, with
respect to tips received for services performed after December 31,
1993.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/23/93 58 FR 68091
NPRM Comment Period End 02/22/94 58 FR 68091
Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: EE-71-93
Drafting Attorney, Karin Loverud 202-622-6060.
Reviewing Attorney, Mark Schwimmer (202) 622-6060.
Agency Contact: Karin Loverud, Tax Law Specialist, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-6060
RIN: 1545-AS16
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2995. MINIMUM TAX CREDIT AND OTHER MISCELLANEOUS RULES RELATING TO THE
ALTERNATIVE MINIMUM TAX
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 55 Internal Revenue Code of 1986; 26 USC 7805
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This project will address issues relating to the Alternative
Minimum Tax for individuals and corporations. Changes to the applicable
law were made by the Tax Reform Act of 1986 and the Technical and
Miscellaneous Revenue Act of 1988. The regulations will provide
individual and corporate taxpayers with the guidance necessary to
determine their alternative minimum tax and their minimum tax credit.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: IA-2-87.
Drafting attorney: Stephen J. Toomey (202) 622-4960.
Reviewing attorney: William Jackson (202) 622-4960.
Treasury attorneys: Hal Gann (202) 622-0868
Agency Contact: Stephen J. Toomey, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-4960
RIN: 1545-AJ86
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2996. ALTERNATIVE MINIMUM TAX FOR INDIVIDUALS
Legal Authority: 26 USC 7805; 26 USC 55
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provide guidance on the computation of alternative minimum
taxable income for individuals with respect to items that are
determined by reference to adjusted gross income.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-4-94
Drafting attorney: Kelly Berg (202) 622-4960.
Reviewing attorney: Bill Jackson (202) 622-4960.
Treasury attorney: Hal Gann (202) 622-1333.
Agency Contact: Kelly Berg, Department of the Treasury, Internal
Revenue Service, 1111 Constitution Ave. NW., Washington, DC 20224, 202
622-4960
RIN: 1545-AS44
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2997. ALTERNATIVE MINIMUM TAX FOR INDIVIDUALS (TEMP.)
Legal Authority: 26 USC 7805; 26 USC 55
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provide guidance on the computation of alternative minimum
taxable income for individuals with respect to items that are
determined by reference to adjusted gross income.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 04/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-4-94
Drafting attorney: Kelly Berg (202) 622-4960.
Reviewing attorney: Bill Jackson (202) 622-4960.
Treasury attorney: Hal Gann (202) 622-1333.
Agency Contact: Kelly Berg, Department of the Treasury, Internal
Revenue Service, 1111 Constitution Ave. NW., Washington, DC 20224, 202
622-4960
RIN: 1545-AS45
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2998. INCOME TAX--INVENTORY ADJUSTMENT FOR THE ALTERNATIVE MINIMUM TAX
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 56
(a) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance with respect to inventory
adjustments for the alternative minimum tax.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: IA-85-87.
Drafting attorney: Edward C. Schwartz (202) 622-4960.
Reviewing attorney: William Jackson (202) 622-4960.
Treasury attorney: John Parcell (202) 622-2578.
Agency Contact: Edward C. Schwartz, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-4960
RIN: 1545-AL02
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2999. INCOME TAX--INVENTORY ADJUSTMENT FOR THE ALTERNATIVE MINIMUM TAX
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 56
(a) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance with respect to inventory
adjustment for the alternative minimum tax.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: IA-84-87.
Drafting attorney: Edward C. Schwartz (202) 622-4960.
Reviewing attorney: William Jackson (202) 622-4960.
Treasury attorney: John Parcell (202) 622-2578.
Agency Contact: Edward C. Schwartz, Attorney Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-4960
RIN: 1545-AL03
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3000. APPLICATION OF SECTION 58(H) OF THE 1954 CODE TO SITUATIONS
INVOLVING NOL CARRYBACKS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1954; 26 USC
58(h) Internal Revenue Code of 1954
CFR Citation: 26 CFR 1; 26 CFR 602
Legal Deadline: None
Abstract: This regulation will give guidance on how to apply the
special 58(h) tax benefit rule when a taxpayer receives no tax benefit
from items of tax preference because of net operating losses.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 00/00/00
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: IA-060-89.
Drafting attorney: Kelly Richardson Berg (202) 622-4960.
Reviewing attorney: William Jackson (202) 622-4960.
Agency Contact: Kelly Richardson Berg, Tax Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-4960
RIN: 1545-AO36
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3001. ALTERNATIVE MINIMUM TAX FOREIGN TAX CREDIT
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 59
Internal Revenue Code of 1986
CFR Citation: 26 CFR Not yet determined
Legal Deadline: None
Abstract: This regulation will provide taxpayers with the guidance
necessary to correctly determine their alternative minimum tax foreign
tax credit.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: IA-95-91.
Drafting attorney: Edward C. Schwartz (202) 622-4960.
Reviewing attorney: William A. Jackson (202) 622-4960.
Agency Contact: Edward C. Schwartz, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-4960
RIN: 1545-AQ33
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3002. AMENDMENT TO THE REGULATIONS UNDER SECTION 61 TO CONFORM THE
TREATMENT OF BOND PREMIUM INCOME TO THE CONSTANT YIELD METHOD
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide a method for determining how to
include bond premium into income. The method is the constant yield
method.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/94
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: FI-70-88.
Drafting attorney: Richard Larkins (202) 622-4441.
Reviewing attorney: Andrew Kittler (202) 622-3940.
Agency Contact: Richard Larkins, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-4441
RIN: 1545-AL92
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3003. TO CLARIFY THAT THE SERVICE HAS AUTHORITY TO AMEND THE STANDARD
INDUSTRY FARE LEVEL (SIFL) AIRCRAFT VALUATION FORMULA
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
61(a) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Taxpayers want more timely publication of the Standard
Industry Fare Level (SIFL) rates, preferably publication in the last
quarter of the year before the year in which the rates will be
applicable. Difficulties arising from the need to coordinate with the
Department of Transportation which furnishes the rates make it
virtually impossible to satisfy the request for timeliness under the
current system. Therefore, the Service proposes to adopt a Cost of
Living adjustment to be published in the last quarter of each year. The
rate adjustment will be applied to a base SIFL rate. The Service
believes that adopting a COLA adjustment will meet taxpayers needs for
timely information and that it will significantly reduce the volume of
telephone calls that the Service currently receives on this issue.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: State, Local, Federal
Additional Information: EE-71-91.
Drafting attorney: Robert Wheeler (202) 622-6060.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Kurt Lawson (202) 622-1352.
Agency Contact: Robert Wheeler, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-6060
RIN: 1545-AQ16
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3004. LOANS TREATED AS DISTRIBUTIONS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 72
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide guidance on the application of
rules for determining the income tax treatment to be accorded loans to
participants or beneficiaries from qualified employer plans. The loan
rules are provided in section 72(p) of the Internal Revenue Code of
1986.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-106-82.
Drafting attorney: Elizabeth Purcell (202) 622-6080.
Reviewing attorney: Michael Thrasher (202) 622-6000.
Agency Contact: Elizabeth A. Purcell, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-6080
RIN: 1545-AE41
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3005. TEN PERCENT ADDITIONAL TAX ON EARLY DISTRIBUTION FROM QUALIFIED
PLANS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 72
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Guidance concerning the application of the tax to early
distributions and an explanation of the exceptions, such as
substantially equal periodic payments.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: Undetermined
Additional Information: EE-080-89.
Drafting attorney: Rebecca Wilson (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Agency Contact: Rebecca Wilson, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-6040
RIN: 1545-AN16
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3006. REMOVING GENDER DISTINCTION FROM MORTALITY TABLES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 79
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations will gender-neutralize the mortality
table used under section 79 to determine the value of group-term life
insurance's permanent benefits provided to employees.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-111-88.
Drafting attorney: Betty Clary (202) 622-6070.
Reviewing attorney: James Brokaw (202) 622-6070.
Agency Contact: Betty Clary, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-6070
RIN: 1545-AK50
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3007. SECTION 79, TABLE I, UPDATE
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 79
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulation will update the table used to
determine the cost amount of group-term life insurance to be included
in gross income.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: EE-82-89.
Drafting attorney: Betty Clary (202) 622-6070.
Reviewing attorney: James Brokaw (202) 622-6070.
Agency Contact: Betty Clary, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-6070
RIN: 1545-AN54
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3008. STUDY OF APPLICATION OF SECTION 302 AND SECTION 1.83(D)
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 83
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1.83-6
Legal Deadline: None
Abstract: Regulation section 1.83-6(d) will be revised to distinguish
between a section 302 transaction and a 1032 transaction. Also, a
special rule will be added for transfers of stock from a parent
corporation to employees of a subsidiary.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-81-88.
Drafting attorney: Charles T. Deliee (202) 622-6060.
Agency Contact: Charles T. Deliee, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-6060
RIN: 1545-AN55
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3009. DEFINITION OF ``REISSUANCE'' UNDER SECTION 103
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposed regulations would provide guidance regarding whether
changes in the terms of an outstanding obligation result in that
obligation being treated as retired and reissued as a new obligation.
Guidance on the definition of issuance appeared as Notice 88-130, 1988-
52, IRB 12. The rules contained in the Notice will be incorporated in
the regulations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: Undetermined
Additional Information: FI-29-86.
Drafting attorney: David White (202) 622-3980.
Treasury attorney: Mitch Rappaport (202) 622-0871.
Agency Contact: David White, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-3980
RIN: 1545-AI65
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3010. INCOME TAX--DISCHARGE OF INDEBTEDNESS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 108
Internal Revenue Code of 1986; 26 USC 1017 Internal Revenue Code of
1986; PL 96-589, Sec 2 Bankruptcy Tax Act 1980
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This proposal would provide rules relating to certain income
from the discharge of indebtedness, including rules relating to the
election to reduce the basis of assets in lieu of recognizing income.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: IA-91-81.
Drafting attorney: Sharon Hall (202) 622-4930.
Reviewing attorney: Sharon Hall (202) 622-4930.
Agency Contact: Sharon Hall, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-4930
RIN: 1545-AA67
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3011. CONSOLIDATED ATTRIBUTE REDUCTION UNDER SECTION 108(B)
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 108
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide for the reduction of
consolidated attributes under section 108(b) when discharge of
indebtedness income realized by a member of consolidated group is
excluded from gross income under section 108(a).
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: CO-44-91.
Agency Contact: William Alexander, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-7780
RIN: 1545-AP95
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3012. PURCHASE MONEY DEBT REDUCTION TREATED AS PRICE REDUCTION
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
108(e)(5) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide guidance regarding the
application of section 108(e)(5) under which a debt of a purchaser of
property to the seller of such property is treated as a purchase price
reduction, rather than as income from the cancellation of indebtedness.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-47-91.
Drafting attorney: Sharon L. Hall (202) 622-4930.
Reviewing attorney: Michael D. Finley (202) 622-4930.
Treasury attorney: Anne Alstott (202) 622-0865.
Agency Contact: Sharon L. Hall, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-4930
RIN: 1545-AQ00
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3013. DEBT DISCHARGE INCOME, JOINT AND SEVERAL DEBTS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805; 26 USC 108
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: What is the proper tax treatment of joint and several debts
for purposes of code sections 61(a)(12) and 108?
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-047-93
Drafting attorney: James Atkinson (202) 622-4950.
Reviewing attorney: Kelly Alton (202) 622-4890.
Agency Contact: James Atkinson, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-4950
RIN: 1545-AR86
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3014. CONSOLIDATED ATTRIBUTE REDUCTION UNDER SECTION 108(B)
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
1502 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The attribute reduction required by section 108(b) only
applies on a single entity basis. This regulation sets forth rules for
the reduction of attributes under section 108(b) on a consolidated
basis.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 00/00/00
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: IA-72-91.
Drafting attorney: Amy Sargent (202) 622-4930.
Reviewing attorney: Mark Schneider (202) 622-4890.
Agency Contact: Amy Sargent, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-4930
RIN: 1545-AQ84
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3015. QUALIFIED TUITION REDUCTIONS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 117
(d) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations contain rules explaining when
qualified tuition reductions provided for education below the graduate
level to an employee of an educational organization or to a person
treated as an employee will be excluded from the employee's gross
income. The proposed regulations include rules relating to tuition
reductions which discriminate in favor of officers, owners or highly
compensated employees and so are includible in income. The proposed
regulations also provide rules relating to the treatment of tuition
reductions in the case of graduate student teaching and research
assistants.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-35-85.
Drafting attorney: Michael Schmit (202) 622-4960.
Reviewing attorney: William Jackson (202) 622-4960.
Agency Contact: Michael Schmit, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-4960
RIN: 1545-AI13
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3016. DEFINITION OF ``PRIVATE ACTIVITY BOND'', ``QUALIFIED BOND''
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1985; 26 USC 141
Internal Revenue Code of 1986
CFR Citation: 26 CFR l
Legal Deadline: None
Abstract: This regulation provides a definition of the term ``private
activity bond''.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: Undetermined
Government Levels Affected: State, Local, Federal
Additional Information: FI-72-88.
Drafting attorney: Harold Diamond (202) 622-3980.
Agency Contact: Harold Diamond, Attorney/Advisor, Department of the
Treasury, Internal Revenue Service, llll Constitution Ave. NW.,
Washington, DC 20224, 202 622-3980
RIN: 1545-AM01
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3017. EXEMPT SEWAGE FACILITIES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 142
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposed regulation will define sewage facilities under
section 142(a)(5).
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-34-93
Drafting attorney: Joanne E. Johnson (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Agency Contact: Joanne E. Johnson, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3110
RIN: 1545-AR64
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3018. QUALIFIED 501(C)(3) BONDS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 145
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations would provide guidance regarding the
circumstances under which a private activity bond will be treated as a
qualified 501(c)(3) bond.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-84-86.
Drafting attorney: Dave White (202) 622-3980.
Treasury attorney: Mitch Rappaport (202) 622-0871.
Agency Contact: David E. White, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-3980
RIN: 1545-AJ39
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3019. STATE VOLUME CAP FOR TAX-EXEMPT BONDS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 146
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation would provide state volume cap rules for tax-
exempt bonds.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: FI-85-86.
Drafting attorney: Scott Lilienthal (202) 622-3980.
Agency Contact: L. Michael Wachtel, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3980
RIN: 1545-AJ37
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3020. SUBSEQUENT INTENTIONAL ACTS TO EARN ARBITRAGE AND THE REASONABLE
EXPECTATIONS TEST FOR ARBITRAGE BONDS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 148 (a) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1.103-13
Legal Deadline: None
Abstract: The proposed regulations provide that if subsequent
intentional acts are taken after the date of issue to earn arbitrage,
the reasonable expectations test does not prevent a bond from being
declared an arbitrage bond.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 00/00/00
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: FI-044-89.
Drafting attorney: David White (202) 622-3980.
Agency Contact: David White, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-3980
RIN: 1545-AN69
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3021. LOBBYING EXPENSE DEDUCTIONS--DUES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 162; 26 USC 7805
CFR Citation: 26 CFR 1.162(e)
Legal Deadline: None
Abstract: The regulations provide guidance with respect to the
deductibility of dues paid to certain exempt organizations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/27/93 58 FR 68334
Interim Final Rule 12/27/93 58 FR 68294
Public Hearing 04/07/94 58 FR 68334
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: IA-60-93
Drafting Attorney: James Guiry (202) 622-4920.
Reviewing Attorney: George Baker (202) 622-4920.
Agency Contact: James Guiry, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-4940
RIN: 1545-AS18
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3022. DENIAL OF DEDUCTION FOR EXPENDITURES ATTRIBUTABLE TO
LOBBYING, POLITICAL CAMPAIGNS, ETC
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 162; 26 USC 7805
CFR Citation: 26 CFR 1.162(e)
Legal Deadline: None
Abstract: The regulations provide guidance for taxpayers with respect
to the income tax consequences of expenditures for lobbying and other
political activities.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/27/93 58 FR 68330
Public Hearing 04/06/94 58 FR 68330
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: IA-57-93
Drafting Attorney: James Guiry (202) 622-4920.
Reviewing Attorney: George Baker (202) 622-4940.
Agency Contact: James M. Guiry, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-4920
RIN: 1545-AS26
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3023. QUALIFIED RESIDENCE INTEREST
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide guidance regarding the
definition of qualified residence interest, including the definition of
acquisition debt and guidance regarding the computation of the
limitation.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-27-88.
Drafting attorney: Sharon L. Hall (202) 622-4930.
Reviewing attorney: Kelly Alton (202) 622-4880.
Treasury attorney: Heidi Ebel (202) 622-1334.
Agency Contact: Sharon L. Hall, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue, Washington, DC
20224, 202 622-4930
RIN: 1545-AL67
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3024. MODIFICATION OF ACRS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 168
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation would provide rules concerning the accelerated
cost recovery system for property generally placed in service after
December 31, 1986.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-86-86.
Drafting attorney: Mark Pitzer (202) 622-3110.
Reviewing attorney: Charles Ramsey (202) 622-3110.
Treasury attorney: Barksdale Penick (202) 622-1335.
Agency Contact: Mark Pitzer, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-3110
RIN: 1545-AJ38
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3025. SUBSTANTIATION OF CONTRIBUTIONS MADE BY PAYROLL DEDUCTION
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805; 26 USC 170
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provides guidance regarding the substantiation of charitable
contributions made through payroll deduction in accordance with section
13172 of the Omnibus Budget Reconciliation Act of 1993.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/00/94
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: IA-74-93
Drafting Attorney: Joel Rutstein (202) 622-4930.
Reviewing Attorney: Karin Gross (202) 622-4930.
Agency Contact: Joel Rutstein, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-4930
RIN: 1545-AS27
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3026. SUBSTANTIATION OF CONTRIBUTIONS MADE BY PAYROLL DEDUCTION
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805; 26 USC 170
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provides guidance regarding substantiation of charitable
contributions made through payroll deduction in accordance with section
13172 of the Omnibus Reconciliation Act of 1993.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulations 00/00/00
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: IA-74-93
Drafting Attorney: Joel Rutstein (202) 622-4930.
Reviewing Attorney: Karin Gross (202) 622-4930.
Agency Contact: Joel S. Rutstein, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-4930
RIN: 1545-AS28
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3027. RECAPTURE--CLEAN FUEL/ELECTRIC VEHICLES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
179A Internal Revenue Code of 1986; 26 USC 30 Internal Revenue Code of
1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposed regulations on the definition of a qualified
electric vehicle under section 30(c) and the recapture of the benefit
of any credit allowable for qualified electric vehicles under section
30 and any deduction allowable for qualified clean-fuel vehicle
property or qualified clean-fuel vehicle refueling property under
section 179A.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-72-92.
Drafting attorney: Joanne Johnson (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Agency Contact: Joanne Johnson, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3110
RIN: 1545-AR23
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3028. DETERMINATION OF SECTION 30 CREDIT AND SECTION 179A DEDUCTION
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
179A Internal Revenue Code of 1986; 26 USC 30 Internal Revenue Code of
1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations will assist taxpayers in determining
what costs are eligible for the section 30 credit and section 179A
deduction and how to compute this credit and deduction.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 06/09/93 58 FR 32317
Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-43-93
Drafting attorney: Joanne E. Johnson (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Agency Contact: Joanne Johnson, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3110
RIN: 1545-AR66
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3029. INCOME TAX--TO ADD PROVISIONS RELATING TO START-UP EXPENDITURES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 195
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations would provide guidance to taxpayers electing
to amortize start-up expenditures relating to the creation or
acquisition of an active trade or business.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: PS-36-81.
Drafting attorney: David Selig (202) 622-3040.
Reviewing attorney: James Ranson (202) 622-3040.
Treasury attorney: Joan Leonard (202) 622-0864.
Agency Contact: David Selig, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-3040
RIN: 1545-AB02
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3030. AMORTIZATION--GOODWILL INTANGIBLES 197
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805; PL 103-66
CFR Citation: 26 CFR 0197
Legal Deadline: None
Abstract: Manner and implementation of electing retroactive treatment
back to July 25, 1991 for intangible amortization.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/00/94
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information:
Drafting attorney: John Hoffman (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Treasury attorney: John Parcell (202) 622-2578.
Agency Contact: John Hoffman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-3110
RIN: 1545-AS11
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3031. AMORTIZATION--GOODWILL INTANGIBLES 197
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805; PL 103-66
CFR Citation: 26 CFR 1.0197
Legal Deadline: None
Abstract: Manner and implementation of electing retroactive treatment
back to July 25, 1991 for intangible amortization.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulations 04/00/94
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information:
Drafting attorney: John Hoffman (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Treasury attorney: John Parcell (202) 622-2578.
Agency Contact: John Hoffman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-3110
RIN: 1545-AS12
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3032. DISTRIBUTIONS BY COOPERATIVE HOUSING ASSOCIATION
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 216
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations provide exceptions to the general rule of
section 216(e) under which no gain or loss shall be recognized on the
distribution by a cooperative housing association of a dwelling unit to
a stockholder in such corporation if the exchange qualifies for
nonrecognition under section 1034(f).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-047-90.
Drafting attorney: Lisa Shuman (202) 622-3120.
Reviewing attorney: Emil O. Muhs, Jr. (202) 622-3120.
Agency Contact: Lisa Shuman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-3120
RIN: 1545-AO91
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3033. CAPITALIZATION OF INTEREST EXPENSE BY RELATED PARTIES IN THE CASE
OF THE PRODUCTION OF CERTAIN PROPERTY
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations provide related party rules
necessary for taxpayers to comply with the requirement to capitalize
interest with respect to certain property produced by the taxpayer.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/94
Small Entities Affected: Businesses, Governmental Jurisdictions,
Organizations
Government Levels Affected: None
Additional Information: IA-91-91.
Drafting attorney: Mary Goode (202) 622-4960.
Reviewing attorney: Eric Pleet (202) 622-4970.
Treasury reviewer: John Parcell (202) 622-2578.
Agency Contact: Mary Goode, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-4960
RIN: 1545-AQ85
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3034. PROPOSED REGULATIONS UNDER SECTION 265(B)(3)
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 265
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide comprehensive rules under section
265(b)(3) which excepts qualified tax exempt exceptions from the
interest disallowance rule of section 265(b)(1).
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: Sharon Galm, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 202 622-3920
RIN: 1545-AR98
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3035. RULES FOR TREATMENT OF FOREIGN CORPORATION WHOSE STOCK IS STAPLED
TO THE STOCK OF A DOMESTIC CORPORATION
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
268B Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide a general rule that where a U.S.-
owned foreign corporation and a U.S.-owned domestic corporation are
stapled entities, the foreign corporation will be treated as a domestic
corporation and that the deemed conversion will be treated as a
reorganization under section 368(a)(1)(F) of the Code. The regulations
will also provide exceptions to this general rule.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-237-89.
Drafting attorney: Patricia A. Bray (202) 622-3840.
Reviewing attorney: Unassigned.
Treasury attorney: Unassigned.
Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3840
RIN: 1545-AN20
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3036. LIMITATION OF DEDUCTIONS ON PASSENGER AUTOMOBILES AND OTHER LISTED
PROPERTY
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
280F Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will clarify the rules limiting the
Investment Tax Credit (if any) and Cost Recovery deductions allowable
with respect to passenger automobiles and certain other ``listed
property.''
Timetable: Next Action Undetermined
Small Entities Affected: Businesses
Government Levels Affected: Undetermined
Additional Information: PS-015-89.
Drafting attorney: Bernard P. Harvey (202) 622-3110.
Reviewing attorney: Harold E. Burghart (202) 622-3110.
Treasury attorney: John H. Parcell (202) 622-2578.
Agency Contact: Bernard P. Harvey, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3110
RIN: 1545-AN05
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3037. THE SUBSTANTIATION OF DEDUCTIONS CLAIMED FOR THE USE OF CELLULAR
TELEPHONES AND COMPUTERS IN A TAXPAYER'S TRADE OR BUSINESS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
280F Internal Revenue Code of 1986; 26 USC 61 Internal Revenue Code of
1986; 26 USC 132 Internal Revenue Code of 1986; 26 USC 274 Internal
Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations provide the public with the guidance needed
to substantiate the use of cellular telephones and computers in a trade
or business. The regulations proposed for cellular telephones and
computers follow the safe harbor rules of listed properties such as
automobiles, and consider the possibility of exceptions to the rules
for listed property when the use of a cellular telephone in a trade or
business occurs under special conditions.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: PS-114-90.
Drafting attorney: Bernard P. Harvey (202) 622-3110.
Reviewing Tax Law Specialist: Harold E. Burghart (202) 622- 3110.
Treasury attorney: John H. Parcell (202) 622-2578.
Agency Contact: Bernard P. Harvey, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3110
RIN: 1545-AP46
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3038. SECTION 304 REGULATIONS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 304
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Amend section 304 regulations to apply section 1059 and make
proper adjustments to basis and earnings and profits of an affiliated
group of corporations not filing a consolidated return to prevent
results similar to mirror subsidiary transactions.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: CO-44-92.
Drafting attorney: Brendan O'Hara (202) 622-7530.
Reviewing attorney: Mark Jennings (202) 622-7530.
Agency Contact: Brendan O'Hara, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-7530
RIN: 1545-AR40
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3039. TREATMENT OF PREMIUMS ON STOCK CALLABLE AT THE OPTION OF THE ISSUER
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 305(c)(1) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1.305-5(b)(1); 26 CFR 1.305-5(b)(2)
Legal Deadline: None
Abstract: In section 11322(a) of Pub. L. 101-508, Congress amended
section 305(c) of the Code to modify the treatment of preferred stock
issued with a redemption premium. The amendment to section 305(c)
applies the economic accrual rules that are applicable to debt
instruments issued with OID to certain preferred stock issued with a
redemption premium if the stock will be redeemed, or it can reasonably
be assumed that the stock will be redeemed, on a fixed date. The
regulations under 305(c) will be amended to provide for the economic
accrual, rather than the ratable inclusion, of redemption premiums, in
accordance of OID principles.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: CO-008-91.
Drafting attorney: Kirsten Simpson (202) 622-7790.
Reviewing attorney: William Alexander (202) 622-7780.
Agency Contact: Kirsten L. Simpson, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-7790
RIN: 1545-AQ42
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3040. APPLICATION OF GENERAL UTILITIES REPEAL REGULATORY AUTHORITY TO
RICS AND REITS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
337(d) Internal Revenue Code 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulations project is one of several dealing with the
implementation of the repeal of the General Utilities doctrine by
section 631 of the Tax Reform Act of 1986. This project deals with the
regulations necessary to ensure the repeal is implemented with respect
to regulated investment companies and real estate investment companies.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: CO-15-88.
Drafting attorney: Thomas Matragrano (202) 622-7530.
Reviewing attorney: Mark S. Jennings (202) 622-7530.
Treasury attorney: Andrew Dubroff (202) 622-1766.
Agency Contact: Thomas Matragrano, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-7530
RIN: 1545-AL65
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3041. SCOPE OF GENERAL UTILITIES REPEAL
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 337(d) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The Tax Reform Act of 1986 (the ``Act'') repealed the last
vestiges of the General Utilities doctrine (``GU repeal''), and
corporations must recognize gain in most cases upon the distribution of
appreciated property to their shareholders. The Act granted the
Secretary authority to promulgate regulations necessary to carry out
the purposes of the Act. It has been determined that GU repeal can be
circumvented by conversion of for-profit corporations to tax-exempt
entities and other transactions involving tax-exempt entities. This
project will develop regulations to prevent the circumvention of
corporate-level gain in such transactions.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: CO-014-89.
Drafting attorney: Stephen R. Cleary (202) 622-7530.
Reviewing attorney: Wayne T. Murray (202) 622-7530.
Agency Contact: Stephen R. Cleary, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-7530
RIN: 1545-AN21
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3042. SECTION 338(H)(10) AND INSURANCE COMPANIES
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 338; 26 USC 7805
CFR Citation: 26 CFR 338; 26 CFR 817; 26 CFR 848; 26 CFR 197
Legal Deadline: None
Abstract: If a sale of insurance and annuity contracts is treated as
occurring by reason of an election under section 338.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/31/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-20-94
Drafting attorney: Gary Geisler (202) 622-3970.
Reviewing attorney: Steve Hooe (202) 622-3970.
Treasury attorney: Beth Brooke (202) 622-1332.
Agency Contact: Gary Geisler, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-3970
RIN: 1545-AS56
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3043. FRINGE BENEFIT SOURCING UNDER SECTION 861
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 861
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will address the clarification that an
allocation of income of an individual for the performance of services
both within and without the United States is appropriately made only on
the time basis.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-107-90.
Drafting attorney: Robert W. Lorence (202) 622-3880.
Reviewing attorney: Neal Z. Auerbach (202) 622-3880.
Treasury attorney: Charles Cope (202) 622-1752.
Agency Contact: Robert W. Lorence, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3880
RIN: 1545-AO72
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3044. SECTION 361 OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN CORPORATIONS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 367
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The income tax regulations under section 367(a) will be
amended to reflect the changes made to that section by the Technical
and Miscellaneous Corrections Act of 1988. Section 367(a)(5) now
provides that a transfer of assets to a foreign corporation in an
exchange described in section 361 is subject to section 367(a)(1)
unless certain ownership requirements and other conditions are met. The
regulations will provide guidance regarding the application of this
section. The change in the statute was necessitated by the repeal of
``General Utilities.''
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-089-89.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard T. Bress (202) 622-3850.
Treasury attorney: Peter Marrs (202) 622-0724.
Agency Contact: Philip Tretiak, Attorney-Adviser, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3860
RIN: 1545-AM97
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3045. REORGANIZATIONS IN BANKRUPTCY; STOCK-FOR-DEBT EXCHANGES; USE OF
PARENT CORPORATION STOCK; TRIANGULAR ``G'' REORGANIZATIONS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 108 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide rules for members of an
affiliated group of corporations filing consolidated returns which are
reorganized in bankruptcy. The issuance of parent corporation stock in
cancellation of subsidiary corporation indebtedness will come within
the common law stock-for-debt exception to cancellation of indebtedness
income (as limited by section 108(e)(8) and section 108(e)(10) without
resort to a recapitalization analysis (whether deemed or actual).
Collateral consolidation return and reorganization issues will be
considered.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: CO-078-89.
Drafting attorney: Victor Penico (202) 622-7750.
Reviewing attorney: Charles Whedbee (202) 622-7750.
Agency Contact: Victor Penico, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-7750
RIN: 1545-AO30
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3046. SUSPENSION OF PARTNERSHIP INCOME AND EXPENSES ARISING FROM UNPAID
GUARANTEED PAYMENTS ACCRUED BY CERTAIN PARTNERS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 382
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations suspend the recognition of income
and expenses if certain partners, such as loss corporations, accrue
unpaid guaranteed payments. The partner's income as well as the
partnership's expense will be recognized in the taxable year in which
the partnership pays, with an unrestricted transfer of money, the
accrued guaranteed payment. The proposed regulations prevent loss
corporations, and other covered taxpayers not subject to U.S. tax, from
structuring partnership guaranteed payment that diverts taxable income
to the loss corporation or other non U.S. taxpayer which is greater
than the ultimate economic benefit realized from the guaranteed
payment.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-95-90.
Drafting attorney: Susan Pace Hamill (202) 622-3050.
Reviewing attorney: David R. Haglund (202) 622-3050.
Treasury attorney: Heidi Ebel (202) 622-1334.
Agency Contact: Susan Pace Hamill, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3050
RIN: 1545-AP43
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3047. TREATING CERTAIN NON-STOCK INTERESTS AS STOCK
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 7805; 26 USC 382
CFR Citation: 26 CFR 1; 26 CFR 602
Legal Deadline: None
Abstract: This project adds section 1.382-3T to treat certain non-stock
interests as stock.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: CO-6-94
Drafting attorney: Annette Ahlers (202) 622-7750.
Reviewing attorney: Charles M. Whedbee (202) 622-7750.
Treasury attorney: Michael Schultz (202) 622-1343.
Agency Contact: Annette Ahlers, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-7750
RIN: 1545-AS48
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3048. PERMISSIBILITY OF SECTION 401(H) ACCOUNT IN COMBINATION WITH AN
ESOP
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 401(h) Internal Revenue Code of 1986; 26 USC
4975 Internal Revenue Code of 1986; 26 USC 7805 Internal Revenue Code
of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will address the permissibility of retiree
health accounts under section 401(h) in combination with employee stock
ownership plans.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-52-91.
Drafting attorney: John Ricotta (202) 622-6080.
Reviewing attorney: Steven Miller (202) 622-6000.
Agency Contact: John Ricotta, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-6080
RIN: 1545-AP88
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3049. CASH OR DEFERRED ARRANGEMENTS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
401(k) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1.401(k)-1(g)(11)(iii)(A); 26 CFR 1.401(k)-
1(g)(11)(iii)(D)(2)
Legal Deadline: None
Abstract: This project will simplify the treatment of section 401(k)
plans of employees who are members of collective bargaining units and
addresses certain practical issues raised for plan sponsors by final
regulations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/04/93 58 FR 43
Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: EE-42-92.
Drafting attorney: Cheryl Press (202) 622-6030.
Reviewing attorney: Richard Lent (202) 622-6030.
Agency Contact: Cheryl Press, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-6030
RIN: 1545-AQ77
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3050. NONDISCRIMINATION AND OTHER RULES APPLICABLE TO SECTION 403(B)
ANNUITIES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 403(b)(12) Internal Revenue Code of 1986; 26
USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide guidance regarding the
nondiscrimination and other rules applicable to tax-sheltered section
403(b) annuities.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-163-86.
Drafting attorney: Richard M. Lent (202) 622-6030.
Reviewing attorney: Nancy Marks (202) 622-6000.
Agency Contact: Richard M. Lent, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-6030
RIN: 1545-AI90
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3051. TREATMENT OF DIVIDENDS DEDUCTIBLE UNDER SECTION 404(K) FOR PURPOSES
OF CASH OR DEFERRED ARRANGEMENTS DESCRIBED IN SECTION 401(K)
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
404(k) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will address the issue of how to treat
dividends paid under section 404(k) for purposes of section 401(k) &
(m).
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: EE-74-91.
Drafting attorney: John Ricotta (202) 622-6080.
Reviewing attorney: James Brokaw (202) 622-6080.
Agency Contact: John Ricotta, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-6080
RIN: 1545-AQ96
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3052. SPECIAL RULES IN MERGER AND ACQUISITION
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
410(b) Internal Revenue Code of 1986; 26 USC 401(a)(4) Internal Revenue
Code of 1986; 26 USC 401(a)(26) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations are intended to provide special rules for
employee plans in mergers and acquisitions.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: EE-108-88.
Drafting attorney: Richard M. Lent (202) 622-6030.
Reviewing attorney: Richard Wickersham (202) 622-6030.
Agency Contact: Richard Lent, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-6030
RIN: 1545-AM94
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3053. REVISING THE DRAFTING OF THE FULL FUNDING LIMITATION FOR PURPOSES
OF THE MINIMUM FUNDING REQUIREMENT FOR PENSION PLANS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
412(c)(7) Internal Revenue Code of 1986; 26 USC 401(a)(2) Internal
Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: NPRM, Statutory, August 5, 1988.
Abstract: This project will interpret the new full funding limitation
on deductible contributions to pension plans.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-62-88.
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: Steve Miller (202) 622-6000.
Treasury attorney: Harlan Weller (202) 622-1001.
Agency Contact: Linda Marshall, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-6030
RIN: 1545-AL53
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3054. DISCLOSURE GUIDELINES FOR QJSA WAIVER
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide guidance on information
required to be disclosed on spousal consent forms waiving rights to a
QJSA.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-100-91.
Drafting attorney: Terri Harris (202) 622-6070.
Reviewing attorney: Nancy Marks (202) 622-6070.
Agency Contact: Terri Harris, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-6070
RIN: 1545-AQ36
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3055. TREATMENT OF FUNDED WELFARE BENEFIT PLANS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 419 Internal Revenue Code of 1986; 26 USC 419A
Internal Revenue Code of 1986; 26 USC 1239 (d) Internal Revenue Code of
1986; 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide guidance concerning the
treatment of contributions made by an employer to a welfare benefit
plan.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-66-84.
Drafting attorney: Michael J. Roach (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.
Agency Contact: Michael J. Roach, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-6060
RIN: 1545-AG14
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3056. INCOME TAX--PART 1--AMENDMENT OF SECTION 1.442-1 TO PROVIDE
SIMPLIFIED PROCEDURES FOR CHANGES OF ANNUAL ACCOUNTING PERIOD BY CERTAIN
EXEMPT ORGANIZATIONS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 442
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Revenue Procedure 85-58 provides change of accounting period
approval procedures for exempt organizations. It substantially
simplifies the former procedures in Revenue Procedure 76-9. The
regulations under section l.442-1 will be amended to reflect Revenue
Procedure 85-58.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-06-86.
Drafting attorney: Linda Conway (202) 622-6080.
Reviewing attorney: Paul G. Accettura (202) 622-6070.
Agency Contact: Linda Conway, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-6080
RIN: 1545-AI68
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3057. HYBRID INSTRUMENTS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 446
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation provides accounting rules for hybrid financial
instruments that contain a significant debt component. In addition, the
regulation provides tax accounting methods for certain instruments
derived from a bond stripping transaction.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/30/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-70-92.
Drafting attorney: Alan Munro (202) 622-3950.
Reviewing attorney: Alice Bennett (202) 622-3950.
Agency Contact: Alan Munro, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-3950
RIN: 1545-AR13
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3058. NOTIONAL PRINCIPAL CONTRACTS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulation provides rules relating to timing of
income and deductions with respect to notional principal contracts
under section 446.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-2-93.
Drafting attorney: Alan Munro (202) 622-3950.
Reviewing attorney: Alice Bennett (202) 622-3950.
Agency Contact: Alan Munro, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3950
RIN: 1545-AR22
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3059. NONACCRUAL-EXPERIENCE METHOD OF ACCOUNTING--CLARIFICATION OF
AMOUNTS DETERMINED TO BE UNCOLLECTIBLE
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
448(d)(5) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation project will clarify amounts determined to be
uncollectible with respect to the nonaccrual-experience method of
accounting under section 448(d)(5).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-79-88.
Drafting attorney: Michael Montemurro (202) 622-4910.
Reviewing attorney: Robert Casey (202) 622-4910.
Temporary Regulation
Agency Contact: Mike Montemurro, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-4910
RIN: 1545-AM33
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3060. CHANGES TO METHOD OF ACCOUNTING FOR CERTAIN TAXPAYERS USING ACCRUAL
METHOD OF ACCOUNTING FOR REDEMPTION OF TRADING STAMPS AND COUPONS
PURSUANT TO SECTION 461(H) OF THE CODE
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 451 Internal Revenue Code of 1986; 26 USC 461
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The current regulations allow reserves for future estimated
redemption expenses for trading stamp companies. This is contrary to
rules set forth in section 461 of the Internal Revenue Code. The
current section should either be removed or amended.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-075-90.
Drafting attorney: Rochelle Hodes (202) 622-4910.
Reviewing attorney: Linda Kroening (202) 622-4910.
Agency Contact: Rochelle Hodes, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-4910
RIN: 1545-AP04
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3061. INCOME TAX--DEFERRED COMPENSATION PLANS OF STATE AND LOCAL
GOVERNMENTS AND TAX-EXEMPT ORGANIZATIONS
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 457
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Internal Revenue Code section 457 provides an exclusion from
gross income, in the case of a participant in an eligible deferred
compensation plan, for any amounts deferred under the plan and any
income attributable to the amounts so deferred.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-166-86.
Drafting attorney: Cheryl Press (202) 622-6030.
Reviewing attorney: A. Thomas Brisendine (202) 622-6030.
Agency Contact: Cheryl Press, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-6030
RIN: 1545-AI89
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3062. DEFINITION OF A LONG-TERM CONTRACT
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
460(h) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will address the definition of a ``long-term
contract'' for purposes of IRC section 460. This definition is
necessary for taxpayers to determine whether their activities must be
accounted for under IRC section 460 in determining their taxable
income.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-58-91.
Drafting attorney: Leo F. Nolan II (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.
Agency Contact: Leo F. Nolan II, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-4970
RIN: 1545-AQ30
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3063. SUBCONTRACTS BETWEEN RELATED PARTIES THAT BENEFIT A LONG-TERM
CONTRACT
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
460(b) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations are intended to coordinate accounting rules
for members of a consolidated return group of corporations with
regulations being developed by CC:Corporate in the consolidated return
area (CO-11-90).
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-57-91.
Drafting attorney: Leo F. Nolan II (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.
Agency Contact: Leo F. Nolan II, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-4970
RIN: 1545-AQ31
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3064. LOOK-BACK METHOD FOR LONG-TERM CONTRACTS (MID-CONTRACT CHANGE IN
TAXPAYER)
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 460
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1.460-6
Legal Deadline: None
Abstract: Final income tax regulations identifying the taxpayer that is
responsible for applying the look-back method and the taxpayer that is
liable for paying (or is entitled to receive) interest computed under
the look-back method when there is a mid-contract change in the
taxpayer reporting income from a long-term contract.
Timetable: Next Action Undetermined
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: IA-56-91.
Drafting attorney: Cheryl Oseekey (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.
Agency Contact: Cheryl Oseekey, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-4970
RIN: 1545-AQ32
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3065. AGGREGATION OF CERTAIN ACTIVITIES FOR PURPOSES OF THE AT-RISK RULES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 465
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The Regulation will provide rules for aggregating certain
activities for purposes of applying the at-risk rules under section
465. In general, the at-risk rules limit the amount of loss deductible
in a taxable year with respect to an activity to the amount the
taxpayer is at risk in the activity.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-108-85.
Drafting attorney: Donna Welch (202) 622-3080.
Reviewing attorney: Frances D. Schafer (202) 622-3070.
Treasury attorney: John H. Parcell (202) 622-2578.
Agency Contact: Donna Welch, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-3080
RIN: 1545-AI02
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3066. APPLICATION OF AT-RISK LIMITATIONS TO THE HOLDING OF REAL PROPERTY
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 465
Internal Revenue Code of 1986; 26 USC 752 Internal Revenue Code of
1986; 26 USC 46 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will explain the application of the at risk
limitations to the activity of holding real property and the exception
for qualified nonrecourse financing.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-124-86.
Drafting attorney: Donna Welch (202) 622-3080.
Reviewing attorney: Francis D. Schafer (202) 622-3070.
Treasury attorney: John H. Parcell (202) 622-2578.
Agency Contact: Donna Welch, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-3080
RIN: 1545-AK08
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3067. GUIDANCE ON WHAT CONSTITUTES AN INTEREST OTHER THAN THAT OF A
CREDITOR
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 465
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance on what constitutes an
interest other than that of a creditor.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/12/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-063-89.
Drafting attorney: Donna Welch (202) 622-3080.
Reviewing attorney: Donna Young (202) 622-3070.
Treasury attorney: Mike Thompson (202) 622-1334.
Agency Contact: Donna Welch, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue, N.W, Washington, DC
20224, 202 622-3080
RIN: 1545-AO32
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3068. TEMPORARY INCOME TAX REGULATIONS--DEFERRED PAYMENTS FOR USE OF
PROPERTY OR SERVICES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 467
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide rules to the accrual of rents
for the use of tangible property (and interest on rent that accrues but
is not paid) under a section 467 rental agreement. A section 467 rental
agreement will be defined. Certain tax avoidance transactions will be
defined. Rules will be provided for the recapture of prior understated
inclusions. Comparable rules for services will be provided.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-292-84.
Drafting attorney: Sharon L. Hall (202) 622-4930
Treasury attorney: John Parcell (202) 622-2578.
Agency Contact: Sharon L. Hall, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-4930
RIN: 1545-AG81
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3069. APPLICATION OF PASSIVE ACTIVITY LOSS AND CREDIT LIMITATIONS TO
TRUSTS, ESTATES, AND THEIR BENEFICIARIES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
0469(a)(2)(A) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1.469-8T
Legal Deadline: None
Abstract: This regulation will describe how the passive loss
limitations affect trusts and estates.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/30/94
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: PS-036-89.
Drafting attorney: Donna Welch (202) 622-3080.
Reviewing attorney: Frances D. Schafer (202) 622-3070.
Treasury attorney: Monte Jackel (202) 622-0865.
Agency Contact: Donna Welch, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-3080
RIN: 1545-AN62
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3070. ALLOCATION OF INTEREST EXPENSE AMONG EXPENDITURES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
469(l)(4) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1.163-8
Legal Deadline: None
Abstract: The regulations will set forth rules pursuant to which
interest expense will be allocated among (1) trade or business interest
(which is deductible), (2) investment interest (which is deductible
subject to the limitations of section 163(d), (3) passive activity
interest (which is deductible subject to the limitations of section
469), and (4) personal interest (which, pursuant to section 103(h), is
not deductible). Finalizing temporary regulations used in T.D. 8145 (7/
1/87).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/94
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: IA-043-90.
Drafting attorney: George Wright (202) 622-4950.
Reviewing attorney: John Fischer (202) 622-4950.
Agency Contact: George F. Wright, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-4950
RIN: 1545-AO93
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3071. SPECIAL PAL RULES 469
Significance:
Subject to OMB review: Undetermined
Legal Authority: 26 USC 7805; 26 USC 469
CFR Citation: 26 CFR 469
Legal Deadline: None
Abstract: Proposed regulations will provide guidance for new section
469(c)(7) concerning special rules for taxpayers in real property
business. Section 469(c)(7) was enacted by OBRA 93.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/01/94
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-80-93
Drafting attorney: William M. Kostak (202) 622-3080.
Reviewing attorney: Donna M. Young (202) 622-3070.
Agency Contact: William M. Kostak, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224, 202 622-3080
RIN: 1545-AS38
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3072. SPECIAL RULES FOR ALLOCATION OF INTEREST EXPENSE AMONG EXPENDITURES
IN THE CASE OF PASSTHROUGH ENTITIES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 469(l) Internal Revenue Code of 1986; 26 USC
7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1.163-8T
Legal Deadline: None
Abstract: The regulation will address the treatment of interest expense
on (1) debt allocated to distributions by passthrough entities; (2)
repayment of passthrough entity debt; (3) debt allocated to
expenditures for interests in passthrough entities; and (4) allocation
of debt to loans between passthrough entities and interest holders.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-109-87.
Drafting attorney: William Kostak (202) 622-3080.
Reviewing attorney: William P. O'Shea (202) 622-3070.
Treasury attorney: John H. Parcell (202) 622-2578.
Agency Contact: William Kostak, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-3080
RIN: 1545-AM79
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3073. SIMPLIFIED DOLLAR-VALUE LIFO METHOD FOR CERTAIN SMALL BUSINESSES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 474
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations would provide guidance to certain small
businesses that are eligible to elect a simplified dollar-value LIFO
method of inventory valuation. This method requires the use of
published government indexes.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-31-87.
Drafting attorney: Harry-Todd Astrov (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.
Agency Contact: Harry-Todd Astrov, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-4970
RIN: 1545-AK64
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3074. SIMPLIFIED DOLLAR VALUE LIFO METHOD FOR CERTAIN SMALL BUSINESSES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 474
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The temporary regulations would provide guidance to certain
small businesses that are eligible to elect a simplified dollar-value
LIFO method of inventory valuation. This method requires the use of
published government indexes.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/94
Temporary Regulation 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-30-87.
Drafting attorney: Harry-Todd Astrov (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.
Agency Contact: Harry-Todd Astrov, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-4970
RIN: 1545-AN09
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3075. INTERCOMPANY TRANSFER PRICING FOR SERVICES
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will address the transfer pricing of services
between related parties.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-051-92.
Drafting attorney: Sim S. Seo (202) 622-3840.
Reviewing attorney: Kenneth Wood (202) 874-1490.
Treasury attorney: Warren Crowdus (202) 622-1779.
Agency Contact: Sim S. Seo, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, 202 622-3840
RIN: 1545-AR32
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3076. MERGER OR DIVISION OF COMMON TRUST FUNDS--SECTION 584
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 584
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Amendment of section 1.584-4 of the regulations relating to
the diversification requirement for mergers or divisions of common
trust funds.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/00/94
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-29-92.
Drafting attorney: H. Grace Kim (202) 622-3060.
Reviewing attorney: Arthur H. Ernst (202) 622-3060.
Treasury attorney: Monte Jackel (202) 622-0865.
Agency Contact: H. Grace Kim, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 202 622-3060
RIN: 1545-AQ64
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3077. PROPERTY DISTRIBUTED IN KIND AND TREATMENT OF MULTIPLE TRUSTS
(SECS. 81 AND 82 OF THE TAX REFORM ACT OF 1984)
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 643
Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide rules relating to the tax
consequences when property is distributed in kind from a trust or
estate, including rules specifying what gain is recognized upon
distribution, who recognizes such gain, and what the basis of the
distributed property is in the hands of the distributee. The
regulations also explain election rules available to the distributing
trust or estate. The regulations also explain rules under which certain
multiple trusts will be treated as a single trust.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-34-85.
Drafting attorney: Robert Rio (202) 622-3060.
Reviewing attorney: Thomas J. Hines (202) 622-3060.
Agency Contact: Robert Rio, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224, 202 622-3060
RIN: 1545-AI06
_______________________________________________________________________
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3078. CLARIFICATION OF SECTION 1.643(A)(3) RELATING TO THE INCLUSION OF
CAPITAL GAIN IN DISTRIBUTABLE NET INCOME
Significance:
Subject to OMB review: Undetermined
Economically significant: Undetermined
Regulatory Plan entry: Undetermined
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC
643(a)(3) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulation will revise rules specifying when
capital gains will be included in distributable net income.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-148-85.
Drafting attorney: Robert Rio (202) 622-3060.
Reviewing attorney: Thomas J. Hines (202) 622-3060.
Treasury attorney: Robert Weaver (202) 622-0871.
Agency Contact: Robert Rio, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, 202 622-3060
RIN: 1545-AI31
_______________________________________________________________________