[The Regulatory Plan and 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
31 CFR Subtitle A, Chs. I and II
Semiannual Agenda
AGENCY: Department of the Treasury.
ACTION: Semiannual agenda and fiscal year 1996 regulatory plan.
_______________________________________________________________________
SUMMARY: This notice is given pursuant to the requirements of the
``Regulatory Flexibility Act'' (Pub. L. 96-354, September 19, 1980) and
Executive Order (E.O.) 12866 (``Regulatory Planning and Review,''
September 30, 1993), which require the publication by the Department of
a semiannual agenda of regulations. E.O. 12866 also requires the
publication by the Department of a regulatory plan for fiscal year
1996.
FOR FURTHER INFORMATION CONTACT: For additional information about a
specific entry in the agenda or plan, contact the ``Agency Contact''
identified in the item relating to that regulation.
SUPPLEMENTARY INFORMATION: The semiannual agenda of the Department of
the Treasury conforms to the Unified Agenda format developed by the
Regulatory Information Service Center (RISC). For this edition of the
regulatory agenda of the Department of the Treasury, the most important
significant regulatory actions are included in The Regulatory Plan,
which appears in Part II of this issue of the Federal Register.
Regulatory Plan entries are listed in the Table of Contents below and
are denoted by a bracketed bold reference that directs the reader to
the appropriate Sequence Number in Part II.
Dated: September 26, 1995.
J. Benjamin H. Nye,
Executive Secretary.
Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2762 17 CFR 404 Amendments Under the Government Securities Act; Large Position Reporting.. 1505-AA53
2763 31 CFR 500.704 Administrative Hearings............................................... 1505-AA59
2764 17 CFR 404 Amendments to the Government Securities Act Regulations; Recordkeeping
Rules for Noticed Financial Institution Broker-Dealers................................ 1505-AA70
----------------------------------------------------------------------------------------------------------------
Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2765 31 CFR 411 Color Illustration of U.S. Currency....................................... 1505-AA69
2766 12 CFR 1805 (New) Community Development Financial Institutions Program; Bank
Enterprise Award Program Regulations (Reg Plan Seq. No. 96)........................... 1505-AA71
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.
Departmental Offices--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2767 17 CFR 404 Revisions to the Government Securities Act Regulations; Risk Assessment
Rule for Specialized Government Securities Broker-Dealers............................. 1505-AA47
2768 31 CFR 19 Debarment and Suspension Common Rule To Achieve Reciprocity With
Procurement........................................................................... 1505-AA57
2769 31 CFR 413 Closure of Streets........................................................ 1505-AA68
----------------------------------------------------------------------------------------------------------------
Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2770 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Definitions................ 1506-AA03
2771 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Requirement That Financial
Institutions Carry Out Anti-Money-Laundering Programs................................. 1506-AA05
2772 31 CFR 103 Amendment to the Bank Secrecy Act Regulations Affecting Tribal and State-
Licensed Gaming Establishments........................................................ 1506-AA07
2773 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To
Assess Civil Money Penalties on Depository Institutions............................... 1506-AA08
2774 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Registration Requirement
for Certain Non-Bank Financial Institutions........................................... 1506-AA09
2775 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Mandatory Exemption of
Certain Transactions From Currency Transaction Reporting Requirements................. 1506-AA11
2776 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Discretionary Exemption of
Certain Transactions From Currency Transaction Reporting Requirements................. 1506-AA12
2777 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Requirement To Report
Suspicious Transactions............................................................... 1506-AA13
2778 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Requirement To Report the
Cross-Border Transportation of Certain Negotiable Instruments......................... 1506-AA15
----------------------------------------------------------------------------------------------------------------
Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2779 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Notice of Exemption of
Certain Transactions From Currency Transaction Reporting Requirements................. 1506-AA10
----------------------------------------------------------------------------------------------------------------
Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2780 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Designation of Single
Recipient for Suspicious Transaction Reports.......................................... 1506-AA14
----------------------------------------------------------------------------------------------------------------
Financial Crimes Enforcement Network--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2781 31 CFR 103 Amendment to Bank Secrecy Act Regulations Relating to Recordkeeping for
Funds For Transmittals of Funds....................................................... 1506-AA16
2782 31 CFR 103 Amendment to Bank Secrecy Act Regulations Relating to Orders for
Transmittals of Funds by Financial Institutions....................................... 1506-AA17
----------------------------------------------------------------------------------------------------------------
Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2783 31 CFR 225 Acceptance of Bonds Secured by Government Obligations in Lieu of Bonds
with Sureties......................................................................... 1510-AA36
2784 31 CFR 203 Treasury Tax and Loan Depositaries........................................ 1510-AA37
2785 31 CFR 205 Rules and Procedures for Funds Transfers.................................. 1510-AA38
2786 31 CFR 202 Depositaries and Financial Agents of the Government....................... 1510-AA42
2787 31 CFR 240 Indorsement and Payment of Checks Drawn on the United States Treasury..... 1510-AA45
2788 31 CFR 206 Management of Federal Agency Receipts, Disbursements, and Operation of the
Cash Management Improvements Fund..................................................... 1510-AA47
2789 31 CFR 281 Foreign Exchange Operations............................................... 1510-AA48
2790 31 CFR 224 Federal Process Agents of Surety Companies................................ 1510-AA49
2791 31 CFR 235 Issuance of Settlement Checks for Forged Checks Drawn on Designated
Depositaries.......................................................................... 1510-AA50
2792 31 CFR 245 Claims on Account of Treasury Checks...................................... 1510-AA51
2793 31 CFR 256 Payments Under Judgment and Private Relief Acts........................... 1510-AA52
----------------------------------------------------------------------------------------------------------------
Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2794 31 CFR 210 Federal Government Participation in the Automated Clearing House.......... 1510-AA17
2795 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
----------------------------------------------------------------------------------------------------------------
2796 31 CFR 247 Regulations Governing FedSelect Checks.................................... 1510-AA44
2797 31 CFR 203 Treasury Tax and Loan Depositaries........................................ 1510-AA46
----------------------------------------------------------------------------------------------------------------
Bureau of Alcohol, Tobacco and Firearms--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2798 27 CFR 7 Standards of Identity for Malt Beverages.................................... 1512-AA95
2799 27 CFR 252 Exportation of Liquors.................................................... 1512-AA98
2800 27 CFR 7 Alcoholic Content Labeling for Malt Beverages............................... 1512-AB17
2801 27 CFR 4 Use of Term ``Reserve'' on Wine Labels...................................... 1512-AB25
2802 27 CFR 4.25a(d) to 4.25a(e) Multistate Appellations of Origin for Contiguous States.. 1512-AB28
2803 27 CFR 4.40 Procedures for Revoking Previously Approved Certificates of Label
Approval, Exemptions From Label Approval, or Distinctive Liquor Bottle Approvals...... 1512-AB34
2804 27 CFR 25 Revision of Brewery Regulations and Issuance of Regulations For Taverns on
Brewery Premises (Brewpubs)........................................................... 1512-AB37
2805 27 CFR 5.26 Registration of Formulas and Statements of Process For Domestically
Produced Alcoholic Beverages.......................................................... 1512-AB40
2806 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
----------------------------------------------------------------------------------------------------------------
2807 27 CFR 9 American Viticultural Areas................................................. 1512-AA07
2808 27 CFR 197 Nonbeverage Drawback...................................................... 1512-AA20
2809 27 CFR 4 Winegrape Varietal Designations............................................. 1512-AA67
2810 27 CFR 4 Grape Wine Designation--Gamay Beaujolais.................................... 1512-AB08
2811 27 CFR 24.246 New Wine Treating Materials and Processes.............................. 1512-AB26
2812 27 CFR 4 Alteration of Labels on Containers of Distilled Spirits, Wine, Beer......... 1512-AB32
2813 27 CFR 53 Firearms and Ammunition Excise Taxes....................................... 1512-AB33
2814 27 CFR 55 Implementation of Public Law 103-322, the Violent Crime Control and Law
Enforcement Act of 1994 (Reg Plan Seq. No. 97)........................................ 1512-AB35
2815 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
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.
Bureau of Alcohol, Tobacco and Firearms--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2816 27 CFR 25.205 Production of Beer for Personal or Family Use at Brew-on-Premises
Facilities............................................................................ 1512-AB18
----------------------------------------------------------------------------------------------------------------
Bureau of Alcohol, Tobacco and Firearms--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2817 27 CFR 6 Revision of the Trade Practice Regulations.................................. 1512-AB10
2818 27 CFR 178 Brady Bill Regulations.................................................... 1512-AB23
2819 27 CFR 47.52 Importation of Arms and Ammunition and Implements of War................ 1512-AB36
----------------------------------------------------------------------------------------------------------------
Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2820 12 CFR 9 Fiduciary Powers of National Banks and Collective Investment Funds;
Regulation Review..................................................................... 1557-AB12
2821 12 CFR 1 Investment Securities; Regulation Review.................................... 1557-AB37
2822 12 CFR 26 Management Official Interlocks; Regulation Review.......................... 1557-AB39
2823 12 CFR 31 Extensions of Credit to National Bank Insiders; Regulation Review.......... 1557-AB40
2824 12 CFR 23 Leasing; Regulation Review................................................. 1557-AB45
2825 12 CFR 24 Community Development Corporation and Project Investments; Regulation
Review................................................................................ 1557-AB46
2826 12 CFR 22 Loans in Areas Having Special Flood Hazards; Regulation Review............. 1557-AB47
2827 12 CFR Not yet determined Interstate Deposit Production Offices...................... 1557-AB50
2828 12 CFR 25 Community Reinvestment Act Regulation...................................... 1557-AB51
2829 12 CFR 12 Government Securities Sales Practices...................................... 1557-AB52
----------------------------------------------------------------------------------------------------------------
Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2830 12 CFR 4 Description of Office, Procedures, Public Information; Regulation Review.... 1557-AA67
2831 12 CFR 3 Capital Rules............................................................... 1557-AB14
2832 12 CFR 20 International Operations and Federal Branches and Agencies; Regulation
Review................................................................................ 1557-AB26
2833 12 CFR 34 Real Estate Lending and Appraisals; Regulation Review...................... 1557-AB48
----------------------------------------------------------------------------------------------------------------
Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2834 12 CFR 30 Standards for Safety and Soundness......................................... 1557-AB17
2835 12 CFR 21 Minimum Security Devices and Procedures, Reports of Crimes and Suspected
Crimes and Bank Secrecy Compliance.................................................... 1557-AB19
2836 12 CFR 5 Rules, Policies, and Procedures for Corporate Activities; Regulation Review. 1557-AB27
2837 12 CFR 7 Interpretive Rulings; Regulation Review..................................... 1557-AB38
2838 12 CFR 8 Assessment of Fees; National Banks; District of Columbia Banks.............. 1557-AB41
2839 12 CFR 12 Recordkeeping and Confirmation Requirements for Securities Transactions;
Regulation Review..................................................................... 1557-AB42
2840 12 CFR 19 Uniform Rules of Practice and Procedure; Regulation Review................. 1557-AB43
2841 12 CFR 2 Disposition of Credit Life Insurance Income; Regulation Review.............. 1557-AB49
----------------------------------------------------------------------------------------------------------------
Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2842 12 CFR 25 Community Reinvestment Act Regulation...................................... 1557-AB32
2843 12 CFR 35 Agricultural Loan Loss Amortization; Regulation Review..................... 1557-AB44
----------------------------------------------------------------------------------------------------------------
United States Customs Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2844 19 CFR 7.8 U.S. Insular Possessions--Duty-Free Treatment............................. 1515-AB14
2845 19 CFR 142 Publication of Filer Codes................................................ 1515-AB27
2846 19 CFR 133 Parallel Imports and Other Trademarked Goods.............................. 1515-AB49
2847 19 CFR 12 Textiles and Textile Products Subject to Textile Trade Agreements.......... 1515-AB54
2848 19 CFR 10 Andean Trade Preference.................................................... 1515-AB59
2849 19 CFR 113 Accreditation of Commercial Testing Laboratories; Approval of Commercial
Gaugers............................................................................... 1515-AB60
2850 19 CFR 159 Liquidation; Extension; Suspension........................................ 1515-AB66
2851 19 CFR 12 Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and Music
Videos of Live Musical Performances................................................... 1515-AB74
2852 19 CFR 151 Detention of Merchandise.................................................. 1515-AB75
2853 19 CFR 12 Interest On Underpayments and Overpayments of Customs Duties Fees and
Interest.............................................................................. 1515-AB76
2854 19 CFR 162 Recordkeeping Requirements................................................ 1515-AB77
2855 19 CFR 10 Use of Containers Designated as Instruments of International Traffic in
Point-to-Point Local Traffic.......................................................... 1515-AB79
2856 19 CFR 134 Country-of-Origin Marking................................................. 1515-AB82
2857 19 CFR 118 Centralized Examination Stations; Immediate Suspension or Permanent
Revocation as Operator Upon Indictment for Any Felony................................. 1515-AB83
2858 19 CFR 142 Reconciliation............................................................ 1515-AB85
----------------------------------------------------------------------------------------------------------------
United States Customs Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2859 19 CFR 102 (New) Rules of Origin..................................................... 1515-AB19
2860 19 CFR 133 Disclosure of Information to Intellectual Property Rights Owners.......... 1515-AB28
2861 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
2862 19 CFR 4 Preliminary Vessel Entry and Permits To Lade and Unlade..................... 1515-AB37
2863 19 CFR 24 Fees Assessed for Defaulted Payments....................................... 1515-AB38
2864 19 CFR 12 Importer Certification Regarding Country of Origin of Textiles and Textile
Products.............................................................................. 1515-AB43
2865 19 CFR 12 Enforcement of ITC Exclusion Orders........................................ 1515-AB44
2866 19 CFR 12 North American Free Trade Agreement--Submission of Certificates of
Eligibility for Textile and Apparel Goods Under the Tariff Preference Level Provisions 1515-AB50
2867 19 CFR 10 Treatment of Reusable Shipping Devices Arriving From Canada or Mexico...... 1515-AB51
2868 19 CFR 123 Examination of Baggage.................................................... 1515-AB56
2869 19 CFR 103 Disclosure or Production of Customs Information Pursuant to Legal Process. 1515-AB58
2870 19 CFR 162 Seizure of Merchandise.................................................... 1515-AB62
2871 8 CFR 100 Customs/INS Service Field Organizations; Revocations and Designations of
International Airport Status for Customs Services and Ports of Entry for Aliens
Arriving by Aircraft.................................................................. 1515-AB64
2872 19 CFR 10 Warehouse Withdrawals; Aircraft Fuel Supplies; Pipeline Transportation in
Bond of Merchandise................................................................... 1515-AB67
2873 19 CFR 134 Country-of-Origin Marking for Watches..................................... 1515-AB68
2874 19 CFR 12 Rules of Origin for Textile and Apparel Products........................... 1515-AB71
2875 19 CFR 162 Search Warrants........................................................... 1515-AB72
2876 19 CFR 132 Export Certificates for Beef Subject to Tariff-Rate Quota................. 1515-AB73
2877 19 CFR 12 UNESCO Cultural Property Convention Signatories............................ 1515-AB78
2878 19 CFR 4 Removal of Cambodia and Vietnam From List of ``Non-Entrant'' Countries...... 1515-AB81
----------------------------------------------------------------------------------------------------------------
United States Customs Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2879 19 CFR 4 Harbor Maintenance Fee...................................................... 1515-AA57
2880 19 CFR 24 Donated Cargo Exemption From Harbor Maintenance Fee........................ 1515-AA87
2881 19 CFR 113 Automated Surety Interface................................................ 1515-AB25
2882 19 CFR 191 Substitution Unused Merchandise Drawback.................................. 1515-AB48
2883 19 CFR 134 Country-of-Origin Marking Requirements for Frozen Produce Packages........ 1515-AB61
----------------------------------------------------------------------------------------------------------------
United States Customs Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2884 19 CFR 10 Voluntary Restraint Arrangements--Steel.................................... 1515-AB04
2885 19 CFR 101 Standards for the Establishment of Customs Services....................... 1515-AB18
2886 19 CFR 146 Petroleum Refineries in Foreign Trade Subzones............................ 1515-AB20
2887 19 CFR 141 Identifying Merchandise Subject to Antidumping or Countervailing Duty
Orders................................................................................ 1515-AB32
2888 19 CFR 10 North American Free Trade Agreement........................................ 1515-AB33
2889 19 CFR 4 Filing of Export Certificates............................................... 1515-AB46
2890 19 CFR 101 Test Programs............................................................. 1515-AB47
2891 19 CFR 10 Express Consignments: Formal and Informal Entries of Merchandise;
Administrative Exemptions............................................................. 1515-AB53
2892 19 CFR 10 Temporary Importation Bonds; Anticipatory Breach, Assessment Amounts,
Petitions for Relief.................................................................. 1515-AB65
2893 19 CFR 10 Termination of the Bahamas as a Designated Country Member of an Association
of Countries Under the GSP............................................................ 1515-AB69
2894 19 CFR 10 Replacement of CF 7505 and CF 7506 by CF 7501.............................. 1515-AB80
2895 19 CFR 4 Technical Corrections Regarding Customs Organization........................ 1515-AB84
----------------------------------------------------------------------------------------------------------------
Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
2896 25 USC 7805 Grantor Trust Reporting Requirements..................................... 1545-AS37
2897 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
2898 26 USC 0042(h) Available Unit Rule................................................... 1545-AT60
2899 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
2900 26 USC 0072 Loans Treated as Distributions........................................... 1545-AE41
2901 26 USC 0079 Section 79, Table I, Update.............................................. 1545-AN54
2902 26 USC 0104 Personal Injury Damages.................................................. 1545-AT29
2903 26 USC 0162(k) Continuation Coverage Requirements of Group Health Plans.............. 1545-AI93
2904 26 USC 0168(i)(5) Changes in Use Under Section 168(i)(5)............................. 1545-AJ38
2905 26 USC 0170(f)(8) Deductibility, Substantiation, and Disclosure of Certain Charitable
Contributions......................................................................... 1545-AS95
2906 26 USC 0179A Determination of Section 30 Credit and Section 179A Deduction........... 1545-AR66
2907 26 USC 0263A Rules for Farmers....................................................... 1545-AQ91
2908 26 USC 0263A Production of Creative Property......................................... 1545-AQ92
2909 26 USC 0263A Foreign Taxpayers....................................................... 1545-AQ93
2910 26 USC 0263A Method Change Rules for the Uniform Capitalization Rules................ 1545-AQ94
2911 26 USC 0274 Receipt Threshold for Traveling Expenses................................. 1545-AT84
2912 26 USC 0280B Demolition of Structures Definitions.................................... 1545-AR63
2913 26 USC 0337(d) Corporate Inversion Transactions...................................... 1545-AS91
2914 26 USC 0351(e) Section 351e: Diversification......................................... 1545-AT43
2915 26 USC 0361(a)(3) Fringe Benefit Sourcing Under Section 861.......................... 1545-AO72
2916 26 USC 0367 Section 361 Outbound Transfers of Property to Foreign Corporations....... 1545-AM97
2917 26 USC 0367 Certain Outbound Transfers of Domestic Stock or Securities (Corporate
Inversions)........................................................................... 1545-AT42
2918 26 USC 0381 Carryovers of Methods of Accounting...................................... 1545-AT38
2919 26 USC 0403 Nondiscrimination and Other Rules Applicable to Section 403(b) Annuities. 1545-AI90
2920 26 USC 0411 Allocation of Accrued Benefits Between Employer and Employee
Contributions......................................................................... 1545-AT82
2921 26 USC 0417 Disclosure Guidelines for QJSA Waiver.................................... 1545-AQ36
2922 26 USC 0419 Treatment of Funded Welfare Benefit Plans................................ 1545-AG14
2923 26 USC 0446 Hybrid Instruments....................................................... 1545-AR13
2924 26 USC 0453 Installment Obligations Received From Liquidating Corporations........... 1545-AB43
2925 26 USC 0460 Definition of a Long-Term Contract....................................... 1545-AQ30
2926 26 USC 0468B Escrow Funds and Other Similar Funds.................................... 1545-AR82
2927 26 USC 0472 Definition of an Item for LIFO........................................... 1545-AT39
2928 26 USC 0482 Intercompany Transfer Pricing for Services............................... 1545-AR32
2929 26 USC 0584 Merger or Division of Common Trust Funds--Section 584.................... 1545-AQ64
2930 26 USC 0672 Income Taxation of Trusts and Estates.................................... 1545-AJ20
2931 26 USC 0731(c)(7) Partnership Distributions of Marketable Securities................. 1545-AT19
2932 26 USC 0736 Payments to a Retiring Partner or a Deceased Partner's Successor in
Interest.............................................................................. 1545-AT31
2933 26 USC 0743 Adjustments Following Sales of Partnership Interests..................... 1545-AS39
2934 26 USC 0860E REMIC Regulations....................................................... 1545-AR88
2935 26 USC 0861 Recomputation of Allocation and Apportionment of Deduction for State
Income Taxes.......................................................................... 1545-AP86
2936 26 USC 0863 Transportation Income Source Rules....................................... 1545-AJ68
2937 26 USC 0863 Sourcing Rule Applicable to Certain Insurance Income..................... 1545-AQ37
2938 26 USC 0863 Section 863 Regulations.................................................. 1545-AT40
2939 26 USC 0864 Tiered Partnership Rules................................................. 1545-AO26
2940 26 USC 0864 Integrated Financial Transaction......................................... 1545-AR20
2941 26 USC 0865 Source Rules for Personal Property Sales................................. 1545-AJ83
2942 26 USC 0865 Determination of Source of Loss Resulting From Sale of Stock - Section
865................................................................................... 1545-AT41
2943 26 USC 0872(b) Income Tax--Reciprocal Exemptions for Certain Transportation Income... 1545-AJ57
2944 26 USC 0881 Bank Exclusion From Portfolio Interest................................... 1545-AQ39
2945 26 USC 0883(c)(3) Clarification of Section 883(c) Publicly Traded Exception.......... 1545-AR77
2946 26 USC 0884 Final Regulations Under Section 1.884-2.................................. 1545-AQ73
2947 26 USC 0897 Income Tax--Partnership Rules Regarding Taxation of Foreign Investment in
United States Real Property Interests................................................. 1545-AL77
2948 26 USC 0897(c)(3) FIRPTA Cleanup..................................................... 1545-AJ72
2949 26 USC 0904(f) Clarification of Treatment of Separate Limitation Losses.............. 1545-AM11
2950 26 USC 0931 Exclusion of Possession Source Income From Gross Income of Certain
Individuals........................................................................... 1545-AS42
2951 26 USC 0932 Coordination of U.S. and Virgin Islands Income Taxes..................... 1545-AS41
2952 26 USC 0936 OBRA 1993 Section 936 Reg................................................ 1545-AS43
2953 26 USC 0953(d) Foreign Insurance Company--Domestic Election.......................... 1545-AO25
2954 26 USC 0955 Subpart F Shipping Amendments............................................ 1545-AM46
2955 26 USC 0956A Earnings Invested in Excess Passive Assets.............................. 1545-AS47
2956 26 USC 0960 Coordination of Pre-1987 Deemed Paid Taxes............................... 1545-AT85
2957 26 USC 0986 Determination of Foreign Taxes and Foreign Corporations' Earnings and
Profits............................................................................... 1545-AN37
2958 26 USC 1041 Stock Redemption Incident to Divorce..................................... 1545-AT24
2959 26 USC 1059A Amendment of Regulations Under IRC Section 1059A........................ 1545-AS89
2960 26 USC 1245 Partnerships and Depreciation Recapture.................................. 1545-AT32
2961 26 USC 1248 Section 1248 - Gain from Sale or Exchange of Stock in Foreign
Corporations.......................................................................... 1545-AC31
2962 26 USC 1248 Gains From Certain Sales or Exchanges in Certain Foreign Corporations.... 1545-AL89
2963 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
2964 26 USC 1276 Disposition Gain Representing Accrued Market Discount Treated as Ordinary
Income; Deferral of Interest Deduction Allocable to Accrued Market Discount........... 1545-AH82
2965 26 USC 1295 QEF Shareholder Election................................................. 1545-AM41
2966 26 USC 1377 Income Tax--Definitions and Special Rules Pertaining to S Corporations... 1545-AE94
2967 26 USC 1441 General Revision of Section 1441 Regulations............................. 1545-AO27
2968 26 USC 1445 Section 1445 Regulation Revisions Due to 1993 Tax Act.................... 1545-AS51
2969 26 USC 1491 Regulations Under Sections 1491, 1492, and 1494.......................... 1545-AN39
2970 26 USC 1502 Section 1.1502-47 Regulations--Supplemental.............................. 1545-AR89
2971 26 USC 1502 Member Stock Transactions................................................ 1545-AT51
2972 26 USC 1503 Applications of Section 1503(d) to Partnerships and Other Items.......... 1545-AR26
2973 26 USC 2104 Situs of Partnership Interests Held by a Nonresident Alien for Estate Tax
Purposes.............................................................................. 1545-AP07
2974 26 USC 3306 Treatment of Certain Deferred Compensation and Salary Reduction
Arrangements.......................................................................... 1545-AF97
2975 26 USC 4003 Luxury Excise Tax Changes Under OBRA 1993................................ 1545-AS34
2976 26 USC 4082 Diesel Fuel Excise Tax; Dye Injection Systems and Markers................ 1545-AT18
2977 26 USC 4091 Excise Tax on Aviation Fuel.............................................. 1545-AL43
2978 26 USC 4671 Chemical Tax Under Section 4461 and Imported Substance Tax Under Section
4671.................................................................................. 1545-AL73
2979 26 USC 6038 Information Reporting and Record Maintenance Under Section 6038C......... 1545-AP10
2980 26 USC 6103(n) Disclosure of Returns and Return Information.......................... 1545-AT48
2981 26 USC 6114 Revision of Section 6114 Regulations..................................... 1545-AT00
2982 26 USC 6231 Selection of Tax Matters Partner for Limited Liability Companies......... 1545-AS09
2983 26 USC 7503 Update of List of Legal Holidays for Purposes of Time for Performance of
Acts.................................................................................. 1545-AT22
2984 26 USC 7805 Extension of Statute of Limitations in John Doe Summons Disputes......... 1545-AM67
2985 26 USC 7805 Suspension of Running of Period of Limitations During Proceeding To
Enforce Designated Summons............................................................ 1545-AQ01
2986 26 USC 7805 Technical Corrections for Chapter 14..................................... 1545-AR49
2987 26 USC 7805 Disclaimer of Interests and Power........................................ 1545-AR52
2988 26 USC 7805 Automatic Extension of Time for Filing Individual Tax Returns............ 1545-AS04
2989 26 USC 7805 Automatic Extension of Time for Filing Individual Tax Returns............ 1545-AS05
2990 26 USC 7805 Arbitrage Restriction on Tax-Exempt Bonds................................ 1545-AS49
2991 26 USC 7805 Intangible Amortization.................................................. 1545-AS77
2992 26 USC 7805 Reissuance of Qualified Tender Bonds..................................... 1545-AT09
2993 26 USC 7805 Pass Through Items of S Corporation to Its Shareholders.................. 1545-AT52
2994 26 USC 7805 Treatment of Underwriters in Section 351 and Section 721................. 1545-AT55
2995 26 USC 7805 Excise Tax on Heavy Trucks, Truck Trailers and Semitrailers, and Tractors 1545-AT63
2996 26 USC 7805 Timing of Notice and Consent Requirements................................ 1545-AT75
2997 26 USC 7805 Effective Date of Temporary Backup Withholding Regulations............... 1545-AT77
2998 26 USC 7805 ERISA Sec. 204(h) Notice................................................. 1545-AT78
2999 26 USC 7805 ERISA Sec. 204(h) Notice................................................. 1545-AT79
3000 26 USC 7872 Regulations on Income Tax Under the Tax Reform Act of 1984, Relating to
Below-Market Loans.................................................................... 1545-AH72
----------------------------------------------------------------------------------------------------------------
Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3001 05 USC 0552 Statement of Procedural Rules--Part 601.702.............................. 1545-AR99
3002 26 USC 0101(a) The Treatment of Accelerated Death Benefits Under Sections 101, 7702
and 7702A of the Internal Revenue Code................................................ 1545-AQ70
3003 26 USC 0141 Definition of ``Private Activity Bond'', ``Qualified Bond''.............. 1545-AM01
3004 26 USC 0162(M) Million-Dollar Cap on Deduction for Executive Compensation............ 1545-AS23
3005 26 USC 0163 Earnings Stripping Payments.............................................. 1545-AO24
3006 26 USC 0165 Section 165.............................................................. 1545-AP33
3007 26 USC 0170 Substantiation of Contributions Made by Payroll Deduction................ 1545-AS27
3008 26 USC 0170(f)(8) Self-Employment Tax Treatment of Members of Certain Limited
Liability Companies................................................................... 1545-AS94
3009 26 USC 0280G Golden Parachute Payments............................................... 1545-AH49
3010 26 USC 0305(c)(1) Treatment of Premiums on Stock Callable at the Option of the Issuer 1545-AQ42
3011 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
3012 26 USC 0337(d) YOC Heating........................................................... 1545-AT15
3013 26 USC 0338 Deemed Purchase Price When Certain Stock Purchases Are Treated as Asset
Acquisitions.......................................................................... 1545-AF29
3014 26 USC 0338 Amendment of Section 1.338-5T Regulations................................ 1545-AO73
3015 26 USC 0358 Income Tax--Triangular Reorganizations, Basis and Other Consequences..... 1545-AB21
3016 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
3017 26 USC 0367 Transfers of Stock or Securities by U.S. Persons to Foreign Corporations. 1545-AP81
3018 26 USC 0367 Certain Outbound Transfers; Domestic Stock or Securities (Corporate
Inversions)........................................................................... 1545-AT44
3019 26 USC 0367(b) Income Tax--Part 1--Stock Transfer Rules.............................. 1545-AI32
3020 26 USC 0367(e) Certain Corporate Distributions to Foreign Corporations............... 1545-AL35
3021 26 USC 0402(c) Twenty Percent Withholding on Eligible Rollover Distribution.......... 1545-AR01
3022 26 USC 0404A Income Tax--Deduction for Certain Foreign Deferred Compensation Plans... 1545-AD81
3023 26 USC 0411 Allocation of Accrued Benefits Between Employer and Employee
Contributions......................................................................... 1545-AT83
3024 26 USC 0414(q) Definition of ``Highly Compensated Employee''......................... 1545-AQ74
3025 26 USC 0417 Valuation of Plan Distribution........................................... 1545-AT27
3026 26 USC 0469 Rules for Certain Rental Real Estate Activities.......................... 1545-AS38
3027 26 USC 0469(l) Limitations on Passive Activity Losses and Credits--Self-Charged Items 1545-AN64
3028 26 USC 0475(a) Mark-to-Market Upon Disposition....................................... 1545-AS85
3029 26 USC 0482 Section 482, Cost Sharing Regulations.................................... 1545-AM00
3030 26 USC 0482 Taxation of Global Trading............................................... 1545-AP01
3031 26 USC 0704(c) Recognition of Pre-Contribution Gain or Loss.......................... 1545-AR93
3032 26 USC 0737 Section 737 Distributions................................................ 1545-AR48
3033 26 USC 0860F Extension of Time for Real Estate Mortgage Investment Conduits To
Provide Reporting Information......................................................... 1545-AP73
3034 26 USC 0861 Charitable Contributions................................................. 1545-AP30
3035 26 USC 0861 Allocation and Apportionment of Research and Experimental Expenditures... 1545-AT49
3036 26 USC 0864 Allocation and Apportionment of Interest Expense and Certain Other
Expenses.............................................................................. 1545-AM20
3037 26 USC 0864(d) Treatment of Related Person Factoring Income; Certain Investments in
United States Property; and Stock Redemptions Through Related Corporations............ 1545-AH85
3038 26 USC 0882 Computation of Interest Expense Deduction................................ 1545-AL84
3039 26 USC 0884 Amendments to the Branch Profits Tax Under Sections 884 and 864.......... 1545-AQ58
3040 26 USC 0892 Income of Foreign Governments and International Organizations............ 1545-AL93
3041 26 USC 0897 Nonrecognition of Corporate Distributions and Reorganizations Under the
Foreign Investment in Real Property Tax Act........................................... 1545-AK79
3042 26 USC 0898 Conforming Taxable Years of CFCs and FPHCs: 1989 Change.................. 1545-AO22
3043 26 USC 0904 Resourcing Income To Prevent Avoidance of Foreign Tax Credit Limitation
Rules Relating to Foreign Losses...................................................... 1545-AN87
3044 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
3045 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
3046 26 USC 0936 Income Tax--Definition of Qualified Possession Source Investment Income
for Purposes of Puerto Rico and Possession Tax Credit................................. 1545-AC10
3047 26 USC 0936 Section 936 Regulations.................................................. 1545-AR18
3048 26 USC 0936(d)(4) CBI Investments of Section 936 Funds............................... 1545-AM91
3049 26 USC 0953(c) Insurance Income...................................................... 1545-AJ70
3050 26 USC 0964 Earnings and Profits of Controlled Foreign Corporations.................. 1545-AM90
3051 26 USC 0964 Use of GAAP Earnings as E&P of Foreign Corporations...................... 1545-AQ55
3052 26 USC 0985 Rules for a QBU Changing From the Profit-and-Loss Method to DASTM........ 1545-AR28
3053 26 USC 0985 Change From the Dollar Approximate Separate Transactions Method (DASTM)
to the Profit-and-Loss Method of Accounting........................................... 1545-AS68
3054 26 USC 0987 Computation of a Branch's Taxable Income Taxation of Exchange Gain or
Loss on Branch Remittances............................................................ 1545-AM12
3055 26 USC 0988 Mark-to-Market Method of Accounting Under Section 988.................... 1545-AP78
3056 26 USC 1001 Modifications of Debt Instruments........................................ 1545-AR04
3057 26 USC 1058 Certain Payments Made Pursuant to a Securities Lending Transaction....... 1545-AP71
3058 26 USC 1258 Conversion Transactions.................................................. 1545-AS87
3059 26 USC 1291 Treatment of Shareholders of Passive Foreign Investment Companies........ 1545-AC06
3060 26 USC 1291(d)(2) Passive Foreign Investment Companies............................... 1545-AI33
3061 26 USC 1296 Passive Foreign Investment Companies - Special Rules for Foreign Banks
and Securities Dealers................................................................ 1545-AS46
3062 26 USC 1441 Withholding on Items of Income Covered by an Income Tax Convention....... 1545-AH86
3063 26 USC 1441 Withholding of Tax on Nonresident Aliens................................. 1545-AN75
3064 26 USC 1446 Temporary Regulation on Withholding Tax on Payments From Partnerships to
Foreign Partners...................................................................... 1545-AL32
3065 26 USC 2056A QDOT Security Requirements.............................................. 1545-AT64
3066 26 USC 2653(b) Estate Tax--Generation Skipping Transfer Tax.......................... 1545-AJ11
3067 26 USC 3402 Electronic Filing of Form W-4............................................ 1545-AR67
3068 26 USC 3402(R) Withholding on Distributions of Indian Gaming Profits to Tribal
Members............................................................................... 1545-AT11
3069 26 USC 4001 Retail Excise Taxes on Certain Luxury Items.............................. 1545-AP24
3070 26 USC 4081 Diesel Fuel Excise Tax................................................... 1545-AR92
3071 26 USC 4611 Tax on Petroleum......................................................... 1545-AJ23
3072 26 USC 4682 Exports of Ozone-Depleting Chemicals..................................... 1545-AQ23
3073 26 USC 4941 Excise Tax on Self-Dealing by Private Foundations........................ 1545-AT03
3074 26 USC 6033 Amendment of Section 1.6033-2(g)(5) Relating to Returns by an Integrated
Auxiliary of a Church................................................................. 1545-AI52
3075 26 USC 6039E Information From Passport and Immigration Applicants.................... 1545-AJ93
3076 26 USC 6050I Cash Reporting by Court Clerks.......................................... 1545-AT06
3077 26 USC 6051 IRC Section 6051......................................................... 1545-AN57
3078 26 USC 6061 Voice Signatures......................................................... 1545-AQ68
3079 26 USC 6109 Authority of the FCIC To Require Employer Identification Numbers for
Certain Taxpayers..................................................................... 1545-AQ49
3080 26 USC 6109 Amendment to Section 6109 Regulations.................................... 1545-AS83
3081 26 USC 6109 Authority of the Secretary of Agriculture To Share Employer
Identification Numbers................................................................ 1545-AT21
3082 26 USC 6205 Interest-Free Adjustments................................................ 1545-AQ61
3083 26 USC 6231(a)(7) Selection of Tax Matters Partner for Limited Liability Companies... 1545-AQ47
3084 26 USC 6302 Railroad Unemployment Repayment Tax...................................... 1545-AN40
3085 26 USC 6302 Federal Tax Deposits by Electronic Funds Transfer........................ 1545-AS79
3086 26 USC 6302 Deposits of Excise Tax................................................... 1545-AT25
3087 26 USC 6662 Imposition of Accuracy-Related Penalty................................... 1545-AS24
3088 26 USC 7409 Political Activity Injunction............................................ 1545-AO77
3089 26 USC 7520 Actuarial Tables Exceptions.............................................. 1545-AR56
3090 26 USC 7701 Environmental Settlement Funds--Classification 7701...................... 1545-AT02
3091 26 USC 7701(b) Special Rules for S Corps Under 301.7701(b)-7......................... 1545-AS88
3092 26 USC 7704 Certain Publicly Traded Partnerships Treated as Corporations............. 1545-AL57
3093 26 USC 7805 Certain Elections Under the Omnibus Budget Reconciliation Act of 1993.... 1545-AS14
3094 26 USC 7805 Information Reporting for Discharges of Indebtedness..................... 1545-AS21
3095 26 USC 7805 Disclosure of Return Information to the U.S. Customs Service............. 1545-AS52
3096 26 USC 7805 Seals of Office in Connection With IRC Section 7514...................... 1545-AS61
3097 26 USC 7805 Hedging Transactions by Members of Consolidated Groups................... 1545-AS75
3098 26 USC 7805 Debt Instruments With OID; Annuity Contracts............................. 1545-AS76
3099 26 USC 7805 Nonbank Trustee Net Worth Requirements................................... 1545-AS92
3100 26 USC 7805 Reissuance of Qualified Tender Bonds..................................... 1545-AT10
3101 26 USC 7805 Modifications of Bad Debt................................................ 1545-AT14
3102 26 USC 7805 Methods of Signing....................................................... 1545-AT23
3103 26 USC 7805 Straddles - Miscellaneous Issues......................................... 1545-AT46
3104 26 USC 7805 Backup Withholding....................................................... 1545-AT76
----------------------------------------------------------------------------------------------------------------
Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3105 26 USC 0025 Reissuance of Mortgage Credit Certificates (Cross-Reference to Temporary
Regulations).......................................................................... 1545-AR76
3106 26 USC 0044(e) Disabled Access Credit................................................ 1545-AT72
3107 26 USC 0072 Ten Percent Additional Tax on Early Distribution From Qualified Plans.... 1545-AN16
3108 26 USC 0126 Exclusion From Income of Certain Cost-Sharing Payments Under Government
Programs.............................................................................. 1545-AT73
3109 26 USC 0163 Qualified Residence Interest............................................. 1545-AL67
3110 26 USC 0168 Lease Term; Exchanges of Tax-Exempt Use Property......................... 1545-AT33
3111 26 USC 0337(d) Scope of General Utilities Repeal..................................... 1545-AN21
3112 26 USC 0338 Section 338(h)(10) and Insurance Companies............................... 1545-AS56
3113 26 USC 0412 Revising the Definition of the Full Funding Limitation for Purposes of
the Minimum Funding Requirement for Pension Plans..................................... 1545-AL53
3114 26 USC 0465 Guidance on What Constitutes an Interest Other Than That of a Creditor... 1545-AO32
3115 26 USC 0468 Guidance on Section 468.................................................. 1545-AT59
3116 26 USC 0469 Application of Passive Activity Loss and Credit Limitations to Trusts,
Estates, and Their Beneficiaries...................................................... 1545-AN62
3117 26 USC 0471 Inventories by Dealers in Securities Section 1.471-5..................... 1545-AS57
3118 26 USC 0864(c)(6) Treatment of Deferred Payments and Appreciation Arising Out of
Business Conducted Within the United States........................................... 1545-AM53
3119 26 USC 0902 Deemed Paid Credit Under Section 902 Determined on Accumulated Basis..... 1545-AL98
3120 26 USC 0954 Amendment to Subpart F Definitions....................................... 1545-AR31
3121 26 USC 1275 Contingent and Variable Debt Instruments................................. 1545-AQ86
3122 26 USC 1275(d) Debt Instruments With Original Issue Discount: Anti-Abuse Rule........ 1545-AS35
3123 26 USC 1502 Consolidated Alternative Minimum Tax..................................... 1545-AN73
3124 26 USC 2032A Estate Tax-Valuation of Certain Farm, Etc., Real Property............... 1545-AT66
3125 26 USC 2039 Estate Tax--Annuity Exclusion Repeal..................................... 1545-AP60
3126 26 USC 2055(e)(13) Reformation of Charitable Transfers-Definition of Guaranteed
Annuity and Lead Unitrust Interest.................................................... 1545-AT65
3127 26 USC 3221 Exception From Supplemental Tax.......................................... 1545-AT56
3128 26 USC 3406 Information Reporting and Backup Withholding............................. 1545-AL99
3129 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
3130 26 USC 4251 Communications Tax Regulations........................................... 1545-AP67
3131 26 USC 6114 6114 Reporting Requirements Waived....................................... 1545-AP35
3132 26 USC 7518 Interim Fishing Vessel Capital Construction Fund Procedures.............. 1545-AS69
3133 26 USC 7805 Guidance for Air Cargo Carriers.......................................... 1545-AT30
3134 26 USC 7805 Certain Fringe Benefits.................................................. 1545-AT45
3135 26 USC 7805 Effect of the Family and Medical Leave Act on the Operation of Cafeteria
Plans................................................................................. 1545-AT47
3136 26 USC 7805 Property Distributed in Kind and Treatment of Multiple Trusts............ 1545-AT68
3137 26 USC 7805 Amortization-Goodwill Intangibles 197.................................... 1545-AT70
3138 26 USC 7805 To Add Provisions Relating to Start-Up Expenditures...................... 1545-AT71
----------------------------------------------------------------------------------------------------------------
Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3139 26 USC 0061 Allowances Received by Members of the Armed Forces in Connection With
Moves to New Permanent Duty Stations.................................................. 1545-AS98
3140 26 USC 0083 Revision of Section 83 Deduction Rules................................... 1545-AN55
3141 26 USC 0162 Lobbying Expense Deductions--Dues........................................ 1545-AS18
3142 26 USC 0162 Allocation of Expenses to Lobbying....................................... 1545-AS26
3143 26 USC 0179A Recapture--Clean Fuel/Electric Vehicles................................. 1545-AR23
3144 26 USC 0216 Distributions by Cooperative Housing Association......................... 1545-AO91
3145 26 USC 0269B Rules for Treatment of Foreign Corporation Whose Stock Is Stapled to the
Stock of a Domestic Corporation....................................................... 1545-AN20
3146 26 USC 0337(D) Combining Transactions................................................ 1545-AT20
3147 26 USC 0417 Valuation of Plan Distribution........................................... 1545-AT28
3148 26 USC 0461 Effective Dates of the Economic Performance Requirements................. 1545-AT16
3149 26 USC 0595(d) Treatment of Income and Expenses With Respect to Foreclosed Property
by Certain Mutual Savings Institutions................................................ 1545-AS78
3150 26 USC 0672 Income Taxation of Trust and Estate...................................... 1545-AT67
3151 26 USC 0679 Foreign Grantor Trusts................................................... 1545-AO75
3152 26 USC 0752 Partnership Liabilities.................................................. 1545-AR62
3153 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
3154 26 USC 0842(b) Foreign Insurance Companies........................................... 1545-AL82
3155 26 USC 0863 Special Rules for Determining Source..................................... 1545-AQ81
3156 26 USC 0863 Special Rules for Determining Sources of Prizes and Awards............... 1545-AT53
3157 26 USC 0863 Special Rules for Determining Sources of Prizes and Awards............... 1545-AT54
3158 26 USC 0884 Proposed Regulations Under Section 1.884-3............................... 1545-AQ72
3159 26 USC 0894 Dividend Withholding--Luxembourg Corporations............................ 1545-AQ54
3160 26 USC 0905 Section 905(b) Regulations............................................... 1545-AP36
3161 26 USC 0924 FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction,
and Other Special Rules for FSC....................................................... 1545-AI16
3162 26 USC 0932 Source Rules Within the Virgin Islands................................... 1545-AL40
3163 26 USC 0952 Subpart F--Use of Deficits............................................... 1545-AJ71
3164 26 USC 0954 Subpart F Definitions.................................................... 1545-AM15
3165 26 USC 0960 Deemed-Paid Credit Under Section 960, Determined on Accumulated Basis.... 1545-AQ34
3166 26 USC 0964 Effect of Acquisitive Reorganizations on Earnings and Profits Pools...... 1545-AO71
3167 26 USC 0993 DISC Regulations......................................................... 1545-AM05
3168 26 USC 0995 Income Tax--Tax Reform Act of 1984 Relating to Interest Charge DISCs..... 1545-AG71
3169 26 USC 1244 Section 1244, Information Statement...................................... 1545-AS97
3170 26 USC 1361 Income Tax--Definition of S Corporation.................................. 1545-AE86
3171 26 USC 1502 Consolidated Groups and Controlled Groups--Intercompany Transactions and
Related Rules......................................................................... 1545-AL63
3172 26 USC 1502 Member Stock Transactions (Temporary).................................... 1545-AT50
3173 26 USC 1502 Intercompany Transactions and Related Rules.............................. 1545-AT58
3174 26 USC 1504 Income Tax--Includibility in an Affiliated Group of Subsidiaries Formed
To Comply With Foreign Laws........................................................... 1545-AC58
3175 26 USC 2056 Alien Spouse Marital Deduction........................................... 1545-AM85
3176 26 USC 2056A QDOT Security Requirements.............................................. 1545-AS67
3177 26 USC 3406 Backup Withholding Under Section 3406.................................... 1545-AE20
3178 26 USC 3406 Clarifying Amendments to Section 35a.3406-1 Regarding Backup Withholding
Due to an Incorrect TIN............................................................... 1545-AM51
3179 26 USC 4081 Diesel Fuel Tax--Gasohol................................................. 1545-AS10
3180 26 USC 6046A 6046A - Returns as to Interests in Foreign Partnerships................. 1545-AK75
3181 26 USC 6048 Section 6048 Regulations................................................. 1545-AR25
3182 26 USC 6081 Extension of Time To File................................................ 1545-AR85
3183 26 USC 6302 Deposits of Excise Tax................................................... 1545-AT26
3184 26 USC 6662 Revise Disclosure Standard for Accuracy-Related Penalty Regulations...... 1545-AS58
3185 26 USC 7425 Redemptions of Real Property Under IRC 7425--Excess Expenses............. 1545-AL20
3186 26 USC 7701 Taxable Mortgage Pools................................................... 1545-AP98
3187 26 USC 7701 Regulations Dealing With Conduit Arrangements............................ 1545-AS40
3188 26 USC 7701 Environmental Settlement Funds - Classification.......................... 1545-AT34
3189 26 USC 7805 Income Tax--Presumption of Jeopardy in the Case of Illegal Activity Cash. 1545-AE30
3190 26 USC 7805 Procedure and Administration Regulations--Payment of Taxes by Check or
Money Order and Liability of Financial Institutions for Unpaid Taxes.................. 1545-AI24
3191 26 USC 7805 Liability of Third Parties Paying or Providing for Wages, Suit, and Its
Extension and Maximum Amount Recoverable.............................................. 1545-AS22
3192 26 USC 7805 REMIC Variable Interest Rates............................................ 1545-AS54
3193 26 USC 7805 Lobbying Expenses........................................................ 1545-AS65
3194 26 USC 7805 Definition of ``Club''................................................... 1545-AS71
3195 26 USC 7805 Accuracy-Related Penalty; Reasonable Cause and Good Faith Exception
(GATT)................................................................................ 1545-AT13
3196 26 USC 7805 Methods of Signing....................................................... 1545-AT57
----------------------------------------------------------------------------------------------------------------
Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3197 12 CFR 543 Community Reinvestment Act Hearing Procedures............................. 1550-AA83
3198 12 CFR 500 Regulatory Review......................................................... 1550-AA85
3199 12 CFR 563 Flood Insurance........................................................... 1550-AA86
3200 12 CFR 543 Regulatory Review: Corporate Governance................................... 1550-AA87
3201 12 CFR 545 Regulatory Review: Subsidiaries........................................... 1550-AA88
3202 12 CFR 545 Regulatory Review: Insurance.............................................. 1550-AA89
3203 12 CFR 545 Regulatory Review: Adjustable Rate Mortgages.............................. 1550-AA90
3204 12 CFR 545 Regulatory Review: Lending Regulations.................................... 1550-AA91
3205 12 CFR 545 Regulatory Review: Federal Preemption..................................... 1550-AA92
----------------------------------------------------------------------------------------------------------------
Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3206 12 CFR 563 Suspicious Activity Reports and Other Statements.......................... 1550-AA62
3207 12 CFR 567 Risk-Based Capital Requirements, Small Business Loan Recourse Obligations. 1550-AA81
3208 12 CFR 565 Risk-Based Capital Guidelines: Originated Mortgage Servicing Rights....... 1550-AA84
----------------------------------------------------------------------------------------------------------------
Office of Thrift Supervision--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3209 12 CFR 563 Small and Medium-Sized Business and Farm Loan Documentation Exemption for
Qualifying Associations............................................................... 1550-AA61
3210 12 CFR 563 Classification of Assets.................................................. 1550-AA65
3211 12 CFR 567 Risk-Based Capital Standards--Recourse Obligations........................ 1550-AA70
3212 12 CFR 563 Capital Distributions..................................................... 1550-AA72
3213 12 CFR 543 ''De Novo'' Applications for a Federal Savings Association Charter........ 1550-AA76
3214 12 CFR 566 Liquidity................................................................. 1550-AA77
3215 12 CFR 563 Loans to One Borrower..................................................... 1550-AA78
3216 12 CFR 509 Uniform Rules of Practice and Procedure................................... 1550-AA79
----------------------------------------------------------------------------------------------------------------
Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3217 12 CFR 563 Safety and Soundness Standards............................................ 1550-AA54
3218 12 CFR 510 Release of Unpublished Information........................................ 1550-AA66
3219 12 CFR 563e Community Reinvestment Act............................................... 1550-AA69
3220 12 CFR 567 Regulatory Capital: Common Stockholders' Equity........................... 1550-AA71
3221 12 CFR 509 Uniform Rules of Practice and Procedure; Ex Parte Communications.......... 1550-AA80
3222 12 CFR 563 Loans in Areas Having Special Flood Hazards............................... 1550-AA82
----------------------------------------------------------------------------------------------------------------
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2762. AMENDMENTS UNDER THE GOVERNMENT SECURITIES ACT; LARGE
POSITION REPORTING
Priority: Other Significant
Legal Authority: 15 USC 780-5(f)
CFR Citation: 17 CFR 404; 17 CFR 405
Legal Deadline: None
Abstract: These rules would provide a mechanism for the maintaining and
reporting of information about large positions in to-be-issued or
recently issued Treasury securities. The rules will define what
constitutes a large position and how positions should be aggregated
across affiliates and subsidiaries, and the recordkeeping and reporting
requirements. The scope of the reporting requirement would extend to
any entity whose positions in the covered securities would meet the
definition of a large position.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 01/24/95 60 FR 4576
ANPRM Comment Period End 05/24/95 60 FR 20065
NPRM 10/00/95
NPRM Comment Period End 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Ken Papaj, Director, Government Securities Regulations
Staff, Department of the Treasury, Bureau of the Public Debt, Room 515,
999 E Street NW., Washington, DC 20239-0001
Phone: 202 219-3632
RIN: 1505-AA53
_______________________________________________________________________
2763. ADMINISTRATIVE HEARINGS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 50 USC app 1 to 44, Trading With the Enemy Act; 22
USC 6001 to 6010, The Cuban Democracy Act of 1992
CFR Citation: 31 CFR 500.704; 31 CFR 515.704
Legal Deadline: None
Abstract: The Foreign Assets Control Regulations, 31 CFR part 500, and
the Cuban Assets Control Regulations, 31 CFR part 515, are being
amended to provide for detailed procedures governing administrative
hearings, as provided in section 1710(c) of the Cuban Democracy Act of
1992 (the CDA). Because the CDA amends section 16 of the Trading with
the Enemy Act to permit the imposition of civil monetary penalties and
civil forfeiture, subpart G is revised to establish the procedures
governing administrative hearings. The regulations impose no
obligations or duties, but rather make available administrative hearing
procedures for those persons wishing to appeal the assessment of a
civil administrative penalty issued under parts 500 or 515.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
NPRM Comment Period End 03/00/96
Interim Final Rule 05/00/96
Final Action 06/00/96
Final Action Effective 06/00/96
Begin Review 06/00/96
End Review 06/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Benjamin J. Bornstein, Attorney-Advisor, Department of
the Treasury, MT Annex, 1500 Pennsylvania Avenue NW., Washington, DC
20220
Phone: 202 622-2410
RIN: 1505-AA59
_______________________________________________________________________
2764. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT
REGULATIONS; RECORDKEEPING RULES FOR NOTICED FINANCIAL INSTITUTION
BROKER-DEALERS
Priority: Substantive, Nonsignificant
Legal Authority: 15 USC 780-5(b)
CFR Citation: 17 CFR 404
Legal Deadline: None
Abstract: The Department, under the authority granted it by the
Government Securities Act of 1986 (GSA), will amend the recordkeeping
rules for financial institutions that have filed notice or are required
to file notice as Government securities brokers or dealers. The rule
amendment will clarify any ambiguity resulting from the interplay of
the GSA rules and the rules of the bank regulatory agencies with
respect to recordkeeping requirements for the Government securities
transactions of financial institutions that are subject to the GSA
recordkeeping rules.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Kerry Lanham, Government Securities Specialist,
Government Securities Regulations Staff, Department of the Treasury,
Bureau of the Public Debt, Room 515, 999 E Street NW., Washington, DC
20239-0001
Phone: 202 219-3632
RIN: 1505-AA70
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2765. COLOR ILLUSTRATION OF U.S. CURRENCY
Priority: Substantive, Nonsignificant
Legal Authority: 18 USC 504
CFR Citation: 31 CFR 411
Legal Deadline: None
Abstract: To permit color illustration of U.S. currency while
maintaining the safeguards needed to prevent counterfeiting of United
States currency.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/26/95 60 FR 32929
NPRM Comment Period End 08/25/95
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Mark Mulligan, Attorney-Advisor, Department of the
Treasury, Office of Chief Counsel, U.S. Secret Service, 1800 G Street
NW., Room 842, Washington, DC 20223
Phone: 202 435-5771
RIN: 1505-AA69
_______________________________________________________________________
2766. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS
PROGRAM; BANK ENTERPRISE AWARD PROGRAM REGULATIONS
Regulatory Plan: This entry is Seq. No. 96 in Part II of this issue of
the Federal Register.
RIN: 1505-AA71
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Departmental Offices (DO)
_______________________________________________________________________
2767. REVISIONS TO THE GOVERNMENT SECURITIES ACT REGULATIONS; RISK
ASSESSMENT RULE FOR SPECIALIZED GOVERNMENT SECURITIES BROKER-DEALERS
Priority: Substantive, Nonsignificant
CFR Citation: 17 CFR 404; 17 CFR 405
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 04/26/95 60 FR 20396
Final Action Effective 06/30/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Kerry Lanham
Phone: 202 219-3632
RIN: 1505-AA47
_______________________________________________________________________
2768. DEBARMENT AND SUSPENSION COMMON RULE TO ACHIEVE RECIPROCITY
WITH PROCUREMENT
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 19
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 06/26/95 60 FR 33037
Final Action Effective 08/25/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: William Murphy
Phone: 202 622-0450
RIN: 1505-AA57
_______________________________________________________________________
2769. CLOSURE OF STREETS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 321; 18 USC 3056; 3 USC 202
CFR Citation: 31 CFR 413
Legal Deadline: None
Abstract: Closed to public vehicular traffic the following streets in
order to secure the perimeter of the White House: (i) the segment of
Pennsylvania Avenue NW., between Madison Place and Seventeenth Street
and; (ii) State Place and the segment of South Executive Avenue that
connects into State Place.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 05/26/95 60 FR 27882
Final Action Effective 05/26/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Eric G. Harnischfeger, Special Agent, Department of the
Treasury, Office of Government Liaison and Public Affairs, U.S. Secret
Service, Washington, DC 20223
Phone: 202 435-5708
RIN: 1505-AA68
BILLING CODE 4810-25-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2770. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DEFINITIONS
Priority: Other
Legal Authority: 12 USC 1829b Bank Secrecy Act; 12 USC 1951 to 1959;
31 USC 5311 to 5330
CFR Citation: 31 CFR 103
Legal Deadline: NPRM, Statutory, March 23, 1995.
Section 408 of PL 103-325 requires money-transmitting businesses to
register by March 23, 1995.
Abstract: This NPRM will propose to clarify and reorganize the
definitions used in the Bank Secrecy Act regulations. Existing CFR
section 103.11 would be subdivided into several sections. A separate
section containing the definition of financial institutions will
propose changes to the definition of non-bank financial institutions.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter Djinis, Associate Director, Office of Regulatory
Policy and Enforcement, FinCEN, Department of the Treasury, Financial
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400
RIN: 1506-AA03
_______________________________________________________________________
2771. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT
THAT FINANCIAL INSTITUTIONS CARRY OUT ANTI-MONEY-LAUNDERING PROGRAMS
Priority: Other Significant
Legal Authority: 31 USC 5318
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This regulation would require financial institutions subject
to the Bank Secrecy Act (BSA) to implement BSA compliance and anti-
money-laundering programs and procedures. These programs and procedures
would include, among other things, customer identification procedures,
enhanced recordkeeping, and related training of financial institution
personnel.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: Peter G. Djinis, Associate Director, Office of
Regulatory Policy and Enforcement, FinCEN, Department of the Treasury,
Financial Crimes Enforcement Network, Treasury Annex, Room 3210, 1500
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400
RIN: 1506-AA05
_______________________________________________________________________
2772. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS AFFECTING
TRIBAL AND STATE-LICENSED GAMING ESTABLISHMENTS
Priority: Other Significant
Legal Authority: 31 USC 5312(a)(2) Bank Secrecy Act
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: Existing regulations do not specifically subject Indian
gaming establishments to the same reporting, recordkeeping, and other
Bank Secrecy Act requirements as State-licensed casinos. This NPRM
would provide for consistent treatment of tribal and State-licensed
gaming establishments.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/03/95 60 FR 39665
NPRM Comment Period End 11/02/95
Small Entities Affected: None
Government Levels Affected: Tribal
Agency Contact: Peter Djinis, Associate Director, Office of Regulatory
Policy and Enforcement, FinCEN, Department of the Treasury, Financial
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400
RIN: 1506-AA07
_______________________________________________________________________
2773. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF
AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS
Priority: Other Significant
Legal Authority: 31 USC 5321(e) Bank Secrecy Act
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This NPRM proposes to delegate to the appropriate Federal
banking regulatory agencies the authority to assess civil money
penalties on depository institutions for violations of the Bank Secrecy
Act. The regulation would prescribe the parameters of the delegated
authority.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: Federal
Agency Contact: Peter Djinis, Associate Director, Office of Regulatory
Policy and Enforcement, FinCEN, Department of the Treasury, Financial
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400
RIN: 1506-AA08
_______________________________________________________________________
2774. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REGISTRATION
REQUIREMENT FOR CERTAIN NON-BANK FINANCIAL INSTITUTIONS
Priority: Other Significant
Legal Authority: 31 USC 5330
CFR Citation: 31 CFR 103
Legal Deadline: NPRM, Statutory, March 23, 1995.
Section 408 of PL 103-325 requires money transmitting businesses to
register by March 23, 1995.
Abstract: This NPRM will identify money-transmitting and other
businesses that must register with the Secretary, and will prescribe
procedures for registration.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 02/00/96
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: Peter Djinis, Associate Director, Office of Regulatory
Policy and Enforcement, FinCEN, Department of the Treasury, Financial
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400
RIN: 1506-AA09
_______________________________________________________________________
2775. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--MANDATORY
EXEMPTION OF CERTAIN TRANSACTIONS FROM CURRENCY TRANSACTION REPORTING
REQUIREMENTS
Priority: Other Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 31 USC 5313(d) Bank Secrecy Act
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This NPRM would exempt depository institutions from the
currency transaction reporting obligations of 31 USC 5313 with respect
to transactions with certain businesses.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter Djinis, Associate Director, Office of Regulatory
Policy and Enforcement, FinCEN, Department of the Treasury, Financial
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400
RIN: 1506-AA11
_______________________________________________________________________
2776. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DISCRETIONARY
EXEMPTION OF CERTAIN TRANSACTIONS FROM CURRENCY TRANSACTION REPORTING
REQUIREMENTS
Priority: Other Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 31 USC 5313(e) Bank Secrecy Act
CFR Citation: 31 CFR 103
Legal Deadline: None
31 USC 5313(e)(6) permits a phase-in of discretionary exemptions over a
2-year period ending September 23, 1996.
Abstract: This NPRM proposes to exempt depository institutions from the
currency transaction reporting obligations of 31 USC 5313 with respect
to transactions with certain customers.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter Djinis, Associate Director, Office of Regulatory
Policy and Enforcement, FinCEN, Department of the Treasury, Financial
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400
RIN: 1506-AA12
_______________________________________________________________________
2777. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT TO
REPORT SUSPICIOUS TRANSACTIONS
Priority: Other Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 31 USC 5318(g) Bank Secrecy Act
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This NPRM proposes to require financial institutions, as well
as their directors, officers, employees and agents, to report
transactions in which there is a suspected violation of law. The
regulation would provide guidelines for determining when a transaction
should be considered suspicious and procedures for making reports. The
regulation would prohibit financial institutions that report suspicious
transactions from notifying the persons involved in such transactions
that reports were filed.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/15/95
NPRM Comment Period End 10/31/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter Djinis, Associate Director, Office of Regulatory
Policy and Enforcement, FinCEN, Department of the Treasury, Financial
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400
RIN: 1506-AA13
_______________________________________________________________________
2778. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT TO
REPORT THE CROSS-BORDER TRANSPORTATION OF CERTAIN NEGOTIABLE INSTRUMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5312(a)(3) Bank Secrecy Act
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This NPRM proposes to require reporting of cross-border
transportation of certain negotiable instruments.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter Djinis, Associate Director, Office of Regulatory
Policy and Enforcement, FinCEN, Department of the Treasury, Financial
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400
RIN: 1506-AA15
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2779. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--NOTICE OF
EXEMPTION OF CERTAIN TRANSACTIONS FROM CURRENCY TRANSACTION REPORTING
REQUIREMENTS
Priority: Other Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 31 USC 5313(d) Bank Secrecy Act
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This notice of exemption will exempt depository institutions
from the currency transaction reporting obligations of 31 USC 5313 with
respect to transactions with other depository institutions and
Government entities.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter Djinis, Associate Director, Office of Regulatory
Policy and Enforcement, FinCEN, Department of the Treasury, Financial
Crimes Enforcement Network, Treasury Annex, Room 3210, 1500
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-0400
RIN: 1506-AA10
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Long-Term Actions
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2780. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DESIGNATION OF
SINGLE RECIPIENT FOR SUSPICIOUS TRANSACTION REPORTS
Priority: Other
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 31 CFR 103
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter Djinis
Phone: 202 622-0400
RIN: 1506-AA14
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2781. AMENDMENT TO BANK SECRECY ACT REGULATIONS RELATING
TO RECORDKEEPING FOR FUNDS FOR TRANSMITTALS OF FUNDS
Priority: Other Significant
Legal Authority: 12 USC 18296 Bank Secrecy Act; 12 USC 1951 to 1959;
31 USC 5311 to 5330
CFR Citation: 31 CFR 103
Legal Deadline: Final, Statutory, December 31, 1993.
Title XV, PL 102-550
Abstract: This rule issued jointly by the Treasury and the Federal
Reserve Board requires banks and nonbank financial institutions to
collect and retain information about wire transmittals of funds in the
amount of $3,000 or more and to verify the identity of non-account
holders that are parties to such wire transmittals of funds.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 10/31/89 54 FR 45769
ANPRM Comment Period End 01/02/90
NPRM 10/15/90 55 FR 41696
NPRM Comment Period End 11/29/90
Comment Period Extended to 01/
15/91 12/05/90 55 FR 50192
Second NPRM 08/31/93 58 FR 46014
Second NRPM Comment Period End 10/04/93 58 FR 46014
Final Action 01/03/95 60 FR 220
Final Action Effective 01/01/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter Djinis, Associate Director, Office of Regulatory
Policy and Enforcement, Department of the Treasury, Financial Crimes
Enforcement Network, Treasury Annex, Room 3210, 1500 Pennsylvania
Avenue NW., Washington, DC 20220
Phone: 202 622-0400
RIN: 1506-AA16
_______________________________________________________________________
2782. AMENDMENT TO BANK SECRECY ACT REGULATIONS RELATING
TO ORDERS FOR TRANSMITTALS OF FUNDS BY FINANCIAL INSTITUTIONS
Priority: Other Significant
Legal Authority: 12 USC 18296 Bank Secrecy Act; 12 USC 1951 to 1959;
31 USC 5311 to 5330
CFR Citation: 31 CFR 103
Legal Deadline: Final, Statutory, December 31, 1993.
Title XV, PL 102-550
Abstract: This rule requires the first financial institution in a wire
transfer chain to pass on certain information about the wire transfer
and the parties to it, and requires each intermediary financial
institution to pass on similar information, if received.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 10/31/89 54 FR 45769
ANPRM Comment Period End 01/02/90
NPRM 10/15/90 55 FR 41696
NPRM Comment Period End 11/29/90
NPRM Comment Period Extended 12/05/90 55 FR 50192
Second NPRM to 01/15/91 08/31/93 58 FR 46014
Second NPRM Comment Period
Extended 10/04/93 58 FR 46014
Final Action 01/03/95 60 FR 220
Final Action Effective 01/01/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter Djinis, Associate Director, Office of Regulatory
Policy and Enforcement, Department of the Treasury, Financial Crimes
Enforcement Network, Treasury Annex, Room 3210, 1500 Pennsylvania
Avenue NW., Washington, DC 20220
Phone: 202 622-0400
RIN: 1506-AA17
BILLING CODE 4820-02-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2783. ACCEPTANCE OF BONDS SECURED BY GOVERNMENT OBLIGATIONS IN LIEU
OF BONDS WITH SURETIES
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 321; 31 USC 9301; 31 USC 9303; 12 USC 391
CFR Citation: 31 CFR 225
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 10/00/95
Final Action 12/00/95
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, Room 420, 401 14th Street SW.,
Washington, DC 20227
Phone: 202 874-7106
RIN: 1510-AA36
_______________________________________________________________________
2784. TREASURY TAX AND LOAN DEPOSITARIES
Priority: Economically Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 26 USC 6302(h); 31 USC 321; 31 USC 323; 31 USC 3122;
31 USC 3301; 31 USC 3302; 31 USC 3720; 12 USC 90; 12 USC 265; 12 USC
391
CFR Citation: 31 CFR 203
Legal Deadline: None
Abstract: This revision of 31 CFR part 203 will reflect the development
and implementation of the Electronic Federal Tax Payment System. This
new system will replace the current Treasury Tax and Loan Depositary
system. Benefits of the new system will accrue from the conversion of
the current paper-based collection mechanism to an electronic
collection mechanism through the phase-out of the Federal Tax Deposit
coupons.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
NPRM Comment Period End 01/00/96
Final Action 02/00/96
Small Entities Affected: None
Government Levels Affected: Undetermined
Additional Information: FMS previously characterized this revision to
31 CFR part 203 as an ``economically significant'' regulatory action
and included it in Treasury's Regulatory Plan. As this project
developed, it became clear that the economic effects of the new payment
system are not attributable to the rule, but are a direct result of the
implementation of the requirements of the North American Free Trade
Agreement Implementation Act (see 26 USC 6302(h)). Accordingly, this
regulation is no longer considered ``economically significant'' and has
been deleted from the Regulatory Plan.
Agency Contact: Donald Clark, Financial Program Specialist, Cash
Management Policy & Planning Division, Department of the Treasury,
Financial Management Service, Room 420, 401 14th Street SW.,
Washington, DC 20227
Phone: 202 874-7106
RIN: 1510-AA37
_______________________________________________________________________
2785. RULES AND PROCEDURES FOR FUNDS TRANSFERS
Priority: Other Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 5 USC 301; 31 USC 321; 31 USC 3335; 31 USC 6501; 31
USC 6503
CFR Citation: 31 CFR 205
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 states and Federal agencies about
intergovernmental financing. Rules and procedures for funds transfers
will be revised to provide more options and greater flexibility.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: State, Federal
Agency Contact: Donald Clark, Financial Program Specialist, Cash
Management Policy & Planning Division, Department of the Treasury,
Financial Management Service, Room 420, 401 14th Street SW.,
Washington, DC 20227
Phone: 202 874-7106
RIN: 1510-AA38
_______________________________________________________________________
2786. DEPOSITARIES AND FINANCIAL AGENTS OF THE GOVERNMENT
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 265; 12 USC 266; 12 USC 1464(k); 12 USC 1789a;
12 USC 3102; 12 USC 90; 12 USC 1767; 12 USC 1452(d); 12 USC 2013; 12
USC 2122
CFR Citation: 31 CFR 202
Legal Deadline: None
Abstract: This regulatory action revises regulations governing (1) the
designation of depositaries and financial agents of the Government and
their authorization to accept deposits of public money and perform
other specific services; and (2) the securing of public moneys in those
depositaries. The revision removes references to financial institution
insurance provided by the Federal Savings and Loan Insurance
Corporation, which no longer exists, clarifies existing language
regarding the valuation of collateral securities, and updates
authorities for the regulation.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: Federal
Agency Contact: Donald Clark, Financial Program Specialist, Cash
Management Planning & Policy Division, Department of the Treasury,
Financial Management Service, 401 14th Street SW., Room 420,
Washington, DC 20227
Phone: 202 874-7106
RIN: 1510-AA42
_______________________________________________________________________
2787. INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE UNITED STATES
TREASURY
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 5 USC 301; 12 USC 391; 31 USC 321; 31 USC 3328; 31
USC 3331; 31 USC 3343; 31 USC 3711; 31 USC 3716; 31 USC 3717; 31 USC
3334; 31 USC 3712; 31 USC 3328 note; 31 USC 3702 note; 318 US 363
(1943)
CFR Citation: 31 CFR 240
Legal Deadline: None
Abstract: This rule amends existing regulations governing the
indorsement and payment of checks drawn on the United States Treasury.
The changes are intended both to fix the time by which the Department
of the Treasury can decline payment on Treasury checks and to provide
financial institutions with a date certain for final payments. The
revisions will also provide greater clarity by defining previously
undefined terms and by ensuring symmetry with current Treasury
regulations governing Federal payments utilizing the Automated Clearing
House method. The revisions provide that the Department of the Treasury
may instruct Federal Reserve Banks to intercept benefit payment checks
to deceased payees and to return, unpaid, those checks.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
NPRM Comment Period End 11/00/95
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: Federal
Agency Contact: Ronald Brooks, Senior Program Analyst, Financial
Information, Department of the Treasury, Financial Management Service,
Room 725-D, 3700 East-West Highway, Hyattsville, MD 20782
Phone: 202 874-8480
RIN: 1510-AA45
_______________________________________________________________________
2788. MANAGEMENT OF FEDERAL AGENCY RECEIPTS, DISBURSEMENTS, AND
OPERATION OF THE CASH MANAGEMENT IMPROVEMENTS FUND
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
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
3335 note; 31 USC 3720; 31 USC 6501; 31 USC 6503 note
CFR Citation: 31 CFR 206
Legal Deadline: None
Abstract: This revision to 31 CFR Part 206 implements section 402 of
the Government Management Reform Act of 1994, PL 103-356, which
requires that all Federal wage, salary and retirement payments be
disbursed by electronic funds transfer (EFT), unless another
disbursement method is determined to be appropriate under the waiver
standards promulgated by the Department of the Treasury. This mandatory
EFT provision only applies to recipients of Federal wage, salary and
retirement payments who begin to receive such payments on or after
January 1, 1995. The revision to 31 CFR Part 206 will establish
appropriate group waiver standards and provide for the efficient,
effective and orderly implementation of the Act.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
NPRM Comment Period End 12/00/95
Final Action 02/00/96
Small Entities Affected: None
Government Levels Affected: Federal
Agency Contact: Aurora Kassalow, Financial Program Specialist, Cash
Management Policy Planning Division, Department of the Treasury,
Financial Management Service, 401 14th St SW., Room 420, Washington, DC
20227
Phone: 202 874-5742
RIN: 1510-AA47
_______________________________________________________________________
2789. FOREIGN EXCHANGE OPERATIONS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 31 USC 3513; 31 USC 321; 31 USC 3301; 31 USC 3302; 31
USC 3303; EO 10488; EO 10900; 22 USC 2363
CFR Citation: 31 CFR 281
Legal Deadline: None
Abstract: This regulation governs the administration of the purchase,
custody, deposit, transfer, sale and reporting of foreign exchange
(including credits and currencies) by executive departments and
agencies. Currently, this regulation allows the purchase of foreign
currency to the maximum of the estimated requirements for a thirty day
period. This revision will restrict departments and agencies to a 5 to
7 day supply of funds in the operating account unless they have
obtained a specific waiver of this requirement from the Department of
the Treasury.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
NPRM Comment Period End 11/00/95
Final Action 02/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Bruce Riedl, Senior Advisor, Department of the
Treasury, Financial Management Service, Room 5A19, PGCII, 3700 East
West Highway, Hyattsville, MD 20782
Phone: 202 874-8918
RIN: 1510-AA48
_______________________________________________________________________
2790. FEDERAL PROCESS AGENTS OF SURETY COMPANIES
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 31 USC 9301 to 9309
CFR Citation: 31 CFR 224
Legal Deadline: None
Abstract: This amendment is intended to update the regulation. The
regulation currently requires surety companies to report their Federal
process agent appointments to the Department of the Treasury. In
practice, the Department of the Treasury no longer monitors Federal
process agent appointments. Therefore, the revision eliminates this
requirement.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Final Action 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Dorothy Martin, Manager, Surety Branch, Department of
the Treasury, Financial Management Service, 3700 East West Highway,
Room 6F04, Hyattsville, MD 20782
Phone: 202 874-6850
RIN: 1510-AA49
_______________________________________________________________________
2791. ISSUANCE OF SETTLEMENT CHECKS FOR FORGED CHECKS
DRAWN ON DESIGNATED DEPOSITARIES
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 31 USC 3343
CFR Citation: 31 CFR 235
Legal Deadline: None
Abstract: This revision proposes to amend 31 CFR part 235, which
governs the issuance of settlement checks for checks 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 indorsement. These amendments are intended to clarify the
type of claim for which settlement checks will be issued under this
section. The change will differentiate between a forgery claim and a
nonreceipt inquiry. The revisions accommodate the concerns of
disbursing agents regarding the necessary steps involved in the
settlement check process. A better understanding of the process should
result in settlement checks being issued in a more timely manner.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
NPRM Comment Period End 11/00/95
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Stephanie Murray, Customer Liaison Specialist,
Department of the Treasury, Financial Management Service, 3700 East
West Highway, Room 800-D, Hyattsville, MD 20782
Phone: 202 874-8445
RIN: 1510-AA50
_______________________________________________________________________
2792. CLAIMS ON ACCOUNT OF TREASURY CHECKS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 31 USC 321; 31 USC 3328; 31 USC 3331; 31 USC 3702; 31
USC 3702 note; 31 USC 3328 note
CFR Citation: 31 CFR 245
Legal Deadline: None
Abstract: 31 CFR part 245 governs the issuance of replacement checks
for checks drawn on the United States when (1) the original check has
been lost, stolen, destroyed or mutilated or defaced to such an extent
that it is rendered non-negotiable; (2) the original check has been
negotiated and paid on a forged or unauthorized indorsement; and (3)
the original check has been cancelled pursuant to 31 CFR part 240. The
regulation is being revised to update the regulation definitions to
make them consistent with the language of the proposed revisions to the
definitions in 31 CFR part 240. Making the definitions of 31 CFR part
245 consistent with the definitions found in 31 CFR part 240 will
provide for a better understanding of the claims process for Federal
agencies, financial institutions and any persons or entities to which a
check may be issued.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
NPRM Comment Period End 11/00/95
Final Action 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Stephanie Murray, Customer Liaison Specialist,
Department of the Treasury, Financial Management Service, 3700 East
West Highway, Room 800-D, Hyattsville, MD 20782
Phone: 202 874-8445
RIN: 1510-AA51
_______________________________________________________________________
2793. PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 28 USC 2414; 31 USC 1304
CFR Citation: 31 CFR 256
Legal Deadline: None
Abstract: This regulation governs the procedure for securing payment
for money judgments against the United States. The proposed revision
will update the procedure for making claims. This will benefit
claimants and others in understanding the claims process. This
regulation currently sets a threshold for judgment claims greater than
$100,000, and judgment claims equal to or less than $100,000. The
change would eliminate the $100,000 threshold distinction for
processing a claim. This change in the regulation would make it
consistent with current practices for claimants securing money
judgments against the United States.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Final Action 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Bernice Mays, Chief, Program Accounting Section, Credit
Accounting Branch, Department of the Treasury, Financial Management
Service, 3700 East West Highway, Room 6D32, Hyattsville, MD 20782
Phone: 202 874-8740
RIN: 1510-AA52
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2794. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING
HOUSE
Priority: Other Significant
Legal Authority: 31 USC 3720; 31 USC 3335; 31 USC 321; 5 USC 5525; 31
USC 3322; 31 USC 3332; 31 USC 3321; 31 USC 3301; 31 USC 3302; 12 USC
391
CFR Citation: 31 CFR 210
Legal Deadline: None
Abstract: This 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 09/30/94 59 FR 50112
Extension of Comment Period 11/25/94 59 FR 60576
NPRM Comment Period End 11/29/94
Comment Period End 01/03/95 59 FR 60576
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: Undetermined
Agency Contact: Berenice Reed, Financial Program Specialist, Cash
Management Policy & Planning Division, Department of the Treasury,
Financial Management Service, Room 408D, 401 14th Street SW.,
Washington, DC 20227
Phone: 202 874-6799
RIN: 1510-AA17
_______________________________________________________________________
2795. PAYMENT TO FINANCIAL INSTITUTIONS FOR CREDIT TO ACCOUNTS OF
EMPLOYEES AND BENEFICIARIES
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 321; 31 USC 3322; 31 USC 3332
CFR Citation: 31 CFR 209
Legal Deadline: None
Abstract: This proposed revision is a separate action from the revision
to 31 CFR part 209 published December 12, 1992, in a notice of proposed
rulemaking. This revision proposes to remove part 209 in its entirety.
This part governs the regular remittance to financial institutions of
Treasury checks which are for credit to the accounts of employees and
beneficiaries. Regulations at 31 CFR part 210, implemented July 1,
1994, require that financial institutions receive Government Automated
Clearing House transactions through electronic means. This regulatory
change made a separate part 209 regarding checks unnecessary. In
addition, proposed revisions to 31 CFR part 210, Federal Government
Participation in the Automated Clearing House, make substantive changes
that supersede the savings allotment provisions of part 209, because
savings allotment and recurring benefit payments formerly made under
the terms of part 209 are made by the Automated Clearing House method
under the terms of part 210.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/04/92 57 FR 57400
NPRM Comment Period End 01/04/93 57 FR 57400
NPRM 08/04/93 58 FR 41449
Comment Period End 09/03/93 58 FR 41449
NPRM 01/04/95 60 FR 416
Comment Period End 02/03/95 60 FR 416
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Berenice Reed, Financial Program Specialist, Cash
Management Policy & Planning Division, Department of the Treasury,
Financial Management Service, Room 408D, 401 14th Street SW.,
Washington, DC 20227
Phone: 202 874-6799
RIN: 1510-AA30
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Financial Management Service (FMS)
_______________________________________________________________________
2796. REGULATIONS GOVERNING FEDSELECT CHECKS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 31 CFR 247
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 05/16/95 60 FR 25990
Final Action Effective 06/15/95
Small Entities Affected: None
Government Levels Affected: Federal
Agency Contact: Gary Garner
Phone: 202 874-6751
RIN: 1510-AA44
_______________________________________________________________________
2797. TREASURY TAX AND LOAN DEPOSITARIES
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 203
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Withdrawn 06/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Donald Clark
Phone: 202 874-7106
RIN: 1510-AA46
BILLING CODE 4810-35-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2798. STANDARDS OF IDENTITY FOR MALT BEVERAGES
Priority: Substantive, Nonsignificant
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 regulatory action relating to a standard of identity
or the use of the term Malt Liquor for designating a Malt Beverage. ATF
is also considering the recognition of other terms for designating 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 03/00/96
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
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AA95
_______________________________________________________________________
2799. EXPORTATION OF LIQUORS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 252
Legal Deadline: None
Abstract: ATF is proposing recodification of 27 CFR part 252 to
eliminate obsolete or unnecessary rules and forms and streamline export
processing, while providing adequate protection for the revenue.
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 12/00/95
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
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AA98
_______________________________________________________________________
2800. ALCOHOLIC CONTENT LABELING FOR MALT BEVERAGES
Priority: Substantive, Nonsignificant
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 issued an
interim rule on 4/19/93 which permits the optional labeling of malt
beverages with their alcoholic content. The Supreme Court heard oral
arguments in the appeal of this court decision on 11/30/94. The Supreme
Court decided this case on April 19, 1995, in favor of Coors, and
unanimously found the FAA Act prohibition against labeling malt
beverages with their alcohol content unconstitutional. ATF will issue
an NPRM on the subject of malt beverage labeling to request information
on tolerances, type size, placement, and whether such an alcoholic
content labeling requirement should be mandatory.
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
NPRM 03/00/96
Final Action 12/00/96
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
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AB17
_______________________________________________________________________
2801. USE OF TERM ``RESERVE'' ON WINE LABELS
Priority: Substantive, Nonsignificant
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 Extended 06/14/94 59 FR 30560
ANPRM Comment Period End 06/15/94
ANPRM Comment Period Extended
End 07/15/94
NPRM 12/00/95
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
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AB25
_______________________________________________________________________
2802. MULTISTATE APPELLATIONS OF ORIGIN FOR CONTIGUOUS STATES
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4.25a(d) to 4.25a(e)
Legal Deadline: None
Abstract: ATF is issuing temporary regulations to liberalize the
requirements for using a multistate appellation of origin on a wine
label. At the same time, ATF is issuing an NPRM requesting comments on
the temporary rule and addressing additional issues in response to
comments received on the previous notice.
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
NPRM 11/00/95
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
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AB28
_______________________________________________________________________
2803. PROCEDURES FOR REVOKING PREVIOUSLY APPROVED CERTIFICATES OF
LABEL APPROVAL, EXEMPTIONS FROM LABEL APPROVAL, OR DISTINCTIVE LIQUOR
BOTTLE APPROVALS
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205; 26 USC 5301; 26 USC 7805
CFR Citation: 27 CFR 4.40; 27 CFR 4.50; 27 CFR 5.56; 27 CFR 5.51; 27
CFR 5.55; 27 CFR 7.31; 27 CFR 7.41; 27 CFR 13 (New); 27 CFR 19.633; 27
CFR 19.641
Legal Deadline: None
Abstract: This notice of proposed rulemaking proposes to establish
regulatory procedures to revoke previously approved certificates of
label approval, exemptions from label approval, or distinctive liquor
bottle approvals. These revocation procedures are necessary where label
approvals, etc., have been approved in error. Adoption of these
procedures will allow ATF to revoke, in an orderly and efficient
manner, label approvals, exemptions from label approval, or distinctive
liquor bottle approvals which have been approved in error and will
provide for appeals by industry members.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 09/13/95 60 FR 47506
NPRM Comment Period End 12/12/95
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
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AB34
_______________________________________________________________________
2804. REVISION OF BREWERY REGULATIONS AND ISSUANCE OF
REGULATIONS FOR TAVERNS ON BREWERY PREMISES (BREWPUBS)
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 27 USC 5401 to 5417
CFR Citation: 27 CFR 25
Legal Deadline: None
Abstract: ATF intends to streamline regulations applying to breweries.
ATF will eliminate obsolete regulatory provisions. A formula system for
manufactured beer products will replace statements of process attached
to the brewers notice. The annual notice for small brewers to pay
reduced rate of tax will be eliminated. Separate regulations for
brewpubs will be added to Part 25.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Final Action 09/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Charles N. Bacon, Coordinator, Department of the
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts
Avenue NW., Washington, DC 20226
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AB37
_______________________________________________________________________
2805. REGISTRATION OF FORMULAS AND STATEMENTS OF PROCESS
FOR DOMESTICALLY PRODUCED ALCOHOLIC BEVERAGES
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 19 USC 81c; 19 USC 1311; 26 USC 5001; 26 USC 5002; 26
USC 5004 to 5006; 26 USC 5008; 26 USC 5010; 26 USC 5041; 26 USC 5061;
26 USC 5062; 26 USC 5066; 26 USC 5081; 26 USC 5101; 26 USC 5111 to
5113; 27 USC 205; ...
CFR Citation: 27 CFR 5.26; 27 CFR 5.28; 27 CFR 19.187; 27 CFR 19.324;
27 CFR 19.331; 27 CFR 19.378; 27 CFR 24.80 to 24.83; 27 CFR 24.127; 27
CFR 24.201; 27 CFR 24.211; 27 CFR 25.67; 27 CFR 25.71(b)(2); 27 CFR
70.421; 27 CFR 70.423 to 428; 27 CFR 250.56
Legal Deadline: None
Abstract: ATF is proposing to amend the regulations to require the
registration, rather than approval, of formulas and statements of
process for certain domestically produced wines, distilled spirits, and
malt beverages. ATF believes that the proposed regulations will provide
greater flexibility to the industry by enabling proprietors to commence
production operations in a more expeditious manner.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
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
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AB40
_______________________________________________________________________
TOBACCO PRODUCTS
_________________________________________________________________________
2806. EXPORTATION OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND
TUBES, WITHOUT PAYMENT OF TAX, OR WITH DRAWBACK OF TAX
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 290
Legal Deadline: None
Abstract: ATF is proposing the recodification of 27 CFR part 290 to
eliminate obsolete or unnecessary rules and forms and streamline export
processing, while providing adequate protection for the revenue.
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 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Marjorie Ruhf, Specialist, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927-8210
Fax: 202 927-8602
RIN: 1512-AB03
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
ALCOHOL
_________________________________________________________________________
2807. AMERICAN VITICULTURAL AREAS
Priority: Substantive, Nonsignificant
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:
Cucamonga Valley, CA (contact Marj Ruhf) NPRM 12/02/94 (59 FR
61853) NPRM Comment Period End 01/31/95 Final Rule 03/31/95 (60 FR
16576) Final Rule Effective 05/01/95
Mendocino Ridge, CA (contact David Brokaw) NPRM 11/00/95
Puget Sound, WA (contact David Brokaw) NPRM 05/22/95 (60 FR
27060) Comment Period End 07/06/95 Final Rule 10/04/95 (60 FR 51896)
Puget Sound, WA(contact David Brokaw) Final Rule Effective 10/04/95
San Francisco Bay, CA (contact David Brokaw) NPRM 12/00/95
St. Helena, CA (contact Robert White) NPRM 11/04/94 (59 FR
55226) NPRM Comment Period End 02/02/95 Final Rule 09/11/95 (60 FR
47053) Final Rule Effective 10/11/95
Yorkville Highlands, CA (contact Marj Ruhf) NPRM 12/00/95
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
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AA07
_______________________________________________________________________
2808. NONBEVERAGE DRAWBACK
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
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 12/00/95
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
Phone: 202 927-8210
Fax: 202 927-8602
RIN: 1512-AA20
_______________________________________________________________________
2809. WINEGRAPE VARIETAL DESIGNATIONS
Priority: Substantive, Nonsignificant
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 11/00/95
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
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AA67
_______________________________________________________________________
2810. GRAPE WINE DESIGNATION--GAMAY BEAUJOLAIS
Priority: Substantive, Nonsignificant
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 has been
questioned. A notice of proposed rulemaking was published in the
Federal Register on 4/5/94. Comment period was closed on 7/5/94. 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
Final Action 12/00/95
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
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AB08
_______________________________________________________________________
2811. NEW WINE TREATING MATERIALS AND PROCESSES
Priority: Substantive, Nonsignificant
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 09/30/94 59 FR 49870
NPRM Comment Period End 11/29/94
Reopening of Comment Period 01/18/95 60 FR 3598
Reopening of Comment Period End 03/20/95
Final Action 12/00/95
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
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AB26
_______________________________________________________________________
2812. ALTERATION OF LABELS ON CONTAINERS OF DISTILLED SPIRITS,
WINE, BEER
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205(e); 26 USC 5301; 26 USC 7805
CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7
Legal Deadline: None
Abstract: Proposed regulations will make it unlawful to relabel a
distilled spirits, wine, or malt beverage container if the effect of
such action is to remove from the container or label any information
code placed on the product by the producer for tracing purposes.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/13/95 60 FR 3171
NPRM Comment Period End 03/14/95
Final Action 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Daniel J. Hiland, Specialist, Department of the
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts
Avenue NW., Washington DC 20226
Phone: 202 927-8210
Fax: 202 927-8602
RIN: 1512-AB32
_______________________________________________________________________
FIREARMS
_________________________________________________________________________
2813. FIREARMS AND AMMUNITION EXCISE TAXES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 4181
CFR Citation: 27 CFR 53
Legal Deadline: None
Abstract: Regulations will simplify the deposit rules for firearms and
ammunition manufacturers excise taxes by revising the method for making
deposits of these taxes.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/28/95 60 FR 33664
Interim Final Rule 06/28/95 60 FR 33665
NPRM Comment Period End 09/26/95
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Tami Light, Coordinator, Department of the Treasury,
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927-8210
Fax: 202 927-8602
RIN: 1512-AB33
_______________________________________________________________________
2814. IMPLEMENTATION OF PUBLIC LAW 103-322, THE VIOLENT CRIME
CONTROL AND LAW ENFORCEMENT ACT OF 1994
Regulatory Plan: This entry is Seq. No. 97 in Part II of this issue of
the Federal Register.
RIN: 1512-AB35
_______________________________________________________________________
PROCEDURAL
_________________________________________________________________________
2815. 27 CFR PART 70--CONFERENCE AND PRACTICE REQUIREMENTS FOR THE
BUREAU OF ALCOHOL, TOBACCO, AND FIREARMS
Priority: Substantive, Nonsignificant
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 11/00/95
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
Phone: 202 927-8220
Fax: 202 927-8602
RIN: 1512-AB11
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Long-Term Actions
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
2816. PRODUCTION OF BEER FOR PERSONAL OR FAMILY USE AT BREW-ON-
PREMISES FACILITIES
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 25.205; 27 CFR 25.206
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Charles Bacon
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AB18
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Bureau of Alcohol, Tobacco and Firearms (BATF)
_______________________________________________________________________
2817. REVISION OF THE TRADE PRACTICE REGULATIONS
Priority: Other Significant
CFR Citation: 27 CFR 6; 27 CFR 8; 27 CFR 10; 27 CFR 11
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 04/26/95 60 FR 20402
Final Action Effective 05/26/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Marjorie Ruhf
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AB10
_______________________________________________________________________
2818. BRADY BILL REGULATIONS
Priority: Other Significant
CFR Citation: 27 CFR 178
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 02/27/95 60 FR 10782
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: James Ficaretta
Phone: 202 927-8230
Fax: 202 927-8602
RIN: 1512-AB23
_______________________________________________________________________
2819. IMPORTATION OF ARMS AND AMMUNITION AND IMPLEMENTS OF WAR
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 47.52
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 09/15/95 60 FR 47866
Final Action Effective 09/15/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Pearl Baylor
Phone: 202 927-8210
Fax: 202 927-8602
RIN: 1512-AB36
BILLING CODE 4810-31-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2820. FIDUCIARY POWERS OF NATIONAL BANKS AND COLLECTIVE INVESTMENT
FUNDS; REGULATION REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 24(Seventh); 12 USC 92a; 12 USC 93a; 12 USC
481; 15 USC 78c(a)(34)(B); 15 USC 78q; 15 USC 78q-1; 15 USC 78w
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 or modifying 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.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
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. The former regulatory projects
concerning ratable distributions and collateralization of trust funds
awaiting investment or distribution will be addressed in the Part 9
Regulation Review Project. The OCC expects the Part 9 Regulation Review
Project to continue as the sole project under RIN 1557-AB12.
Agency Contact: Andrew Gutierrez, Attorney, Department of the Treasury,
Comptroller of the Currency, Legislative & Regulatory Activities,
Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
RIN: 1557-AB12
_______________________________________________________________________
2821. INVESTMENT SECURITIES; REGULATION REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 1 et seq; 12 USC 24(Seventh); 12 USC 93a
CFR Citation: 12 CFR 1; 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 investment securities. The OCC would update and clarify its
rules, codify recent court decisions and administrative decisions,
incorporate statutory changes, 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 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Kay Bondehagen, Assistant Deputy Chief Counsel,
Department of the Treasury, Comptroller of the Currency, Office of the
Chief Counsel, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5200
RIN: 1557-AB37
_______________________________________________________________________
2822. MANAGEMENT OFFICIAL INTERLOCKS; REGULATION REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
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. The OCC also intends to amend its regulation
to conform to the changes brought about by the Riegle Community
Development and Regulation Improvement Act of 1994 (CDRI).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Management Interlocks Small Market Share Exemption NPRM 06/09/94 (59
FR 29740)
Management Interlocks; Regulation Review NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: The Small Market Share Exemption proposal is
affected directly by CDRI Section 338. Need for further action will be
considered as an element of the Part 26 Regulation Review.
Agency Contact: Mark Tenhundfeld, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative & Regulatory
Activities, Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
RIN: 1557-AB39
_______________________________________________________________________
2823. EXTENSIONS OF CREDIT TO NATIONAL BANK INSIDERS; REGULATION
REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 375a(4); 12 USC 375b(3); 12 USC 1817(k); 12
USC 1972(2)(G)(ii)
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 or modifying 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 also update these rules as
needed.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Mark Tenhundfeld, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative & Regulatory
Activities, Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
RIN: 1557-AB40
_______________________________________________________________________
2824. LEASING; REGULATION REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 1; 12 USC 24(Seventh and Tenth); 12 USC 93a
CFR Citation: 12 CFR 23
Legal Deadline: None
Abstract: The OCC, as part of the OCC Regulation Review Program, is
reviewing all its rules and eliminating or modifying 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 lease financing transactions. The OCC would update and
clarify its regulation in order to eliminate any provisions that impose
unnecessary regulatory burdens. 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 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ADDITIONAL AGENCY CONTACTS: Morris Morgan,
Credit and Management Policy, Chief National Bank Examiner's Office,
(202) 874-5170, 250 E Street, SW, Washington, DC 20219.
Agency Contact: Jacqueline Lussier, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative & Regulatory
Activities, Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
RIN: 1557-AB45
_______________________________________________________________________
2825. COMMUNITY DEVELOPMENT CORPORATION AND PROJECT INVESTMENTS;
REGULATION REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 24(Eleventh); 12 USC 93a; 12 USC 161; 12 USC
481; 12 USC 1818
CFR Citation: 12 CFR 24
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 Part 24
to eliminate unnecessary regulatory burdens while maintaining safety
and soundness, and to define more adequately activities permissible for
national banks under 12 USC 24 (Eleventh).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Kay Bondehagen, Assistant Deputy Chief Counsel,
Department of the Treasury, Comptroller of the Currency, Office of the
Chief Counsel, 250 E Street SW., Washington, DC 20291
Phone: 202 874-5200
RIN: 1557-AB46
_______________________________________________________________________
2826. LOANS IN AREAS HAVING SPECIAL FLOOD HAZARDS; REGULATION
REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 93a; 42 USC 4012a; 42 USC 4014a; 42 USC 4104b;
42 USC 4106; 42 USC 4128
CFR Citation: 12 CFR 22
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 reviewing its rules, policies, and procedures
governing loans in areas having special flood hazards. The OCC would
update and clarify its regulation in order to eliminate any provisions
that impose unnecessary regulatory burdens. In addition, this
rulemaking would implement the National Flood Insurance Reform Act of
1994 (as contained in Title V of the Riegle Community Development and
Regulatory Improvement Act of 1994, Public Law No. 103-324, September
23, 1994).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Flood Insurance Reform Act Changes NPRM 00/00/00
Regulation Review NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Additional Information: ADDITIONAL AGENCY CONTACT: Jacqueline Lussier,
Senior Attorney, Legislative & Regulatory Activities Division, (202)
874-5090, 250 E Street, SW., Washington, DC 20219.
Agency Contact: Carol V. Workman, Compliance Specialist, Department of
the Treasury, Comptroller of the Currency, Compliance -- Consumer
Protection, Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-4428
RIN: 1557-AB47
_______________________________________________________________________
2827. INTERSTATE DEPOSIT PRODUCTION OFFICES
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1835a
CFR Citation: 12 CFR Not yet determined
Legal Deadline: Other, Statutory, June 1, 1997.
Regulation must be effective.
Abstract: The OCC, as part of a joint agency rulemaking effort with the
Board of Governors of the Federal Reserve System, the Federal Deposit
Insurance Corporation, and the Office of Thrift Supervision, is
promulgating a new regulation required by section 109 of the Reigle-
Neal Interstate Banking and Branching Efficiency Act of 1994, Pub. L.
103-328, 108 Stat. 2338 (12 USC 1835a). The statute is intended to
insure that out-of-State banks do not use their new interstate
branching authority primarily for the purpose of deposit production.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Kevin Lee, Senior Attorney, Department of the Treasury,
Comptroller of the Currency, Community and Consumer Law Division, 250 E
Street, SW., Washington, DC 20219
Phone: 202 874-5750
RIN: 1557-AB50
_______________________________________________________________________
2828. COMMUNITY REINVESTMENT ACT REGULATION
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
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 1828(c); 12 USC 2901 to 2907
CFR Citation: 12 CFR 25
Legal Deadline: None
Abstract: The OCC, with the other Federal financial regulators, has
revised the Community Reinvestment Act Regulations to provide clearer
guidance to financial institutions on how their CRA performance will be
assessed. Additionally, the agencies are considering making a technical
correction and minor technical changes to clarify the transition rules.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Technical Changes / Corrections 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Matthew Roberts, Director, Department of the Treasury,
Comptroller of the Currency, Community and Consumer Law Division, 250 E
Street SW., Washington, DC 20219
Phone: 202 874-5750
Fax: 202 874-5322
RIN: 1557-AB51
_______________________________________________________________________
2829. GOVERNMENT SECURITIES SALES PRACTICES
Priority: Other Significant
Legal Authority: 15 USC 780-3; 15 USC 780-5
CFR Citation: 12 CFR 12
Legal Deadline: None
Abstract: The OCC, in conjunction with the FRB and FDIC, is considering
issuing rules regarding the responsibilities of banks that are
Government securities brokers or dealers when making recommendations to
their customers concerning Government securities.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Maryann Nash, Senior Attorney, Securities and Corporate
Practices, Department of the Treasury, Comptroller of the Currency, 250
E Street SW., Washington, DC 20219
Phone: 202 874-4505
RIN: 1557-AB52
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2830. DESCRIPTION OF OFFICE, PROCEDURES, PUBLIC INFORMATION;
REGULATION REVIEW
Priority: Other
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 5 USC 301; 5 USC 552; 12 USC 93a; 12 USC 161; 12 USC
481; 12 USC 482; 12 USC 1818; 12 USC 1821(o); 12 USC 1821(t); 12 USC
1833e; 15 USC 78l to 78w; 18 USC 641; 18 USC 1905; 18 USC 1906; 31 USC
9701
CFR Citation: 12 CFR 4; 12 CFR 10; 12 CFR 11; 12 CFR 18; 31 CFR 1
Legal Deadline: None
Abstract: The OCC, as part of the OCC Regulation Review Program, is
reviewing all of its rules regarding description of office and
availability of information. The OCC will update its description of
office, and will clarify its rules on public access to information. The
OCC will also propose new rules regarding the release of non-public
documents and testimony in certain legal proceedings, as well as review
other listed regulations for needed administrative and technical
changes.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/27/95 60 FR 15705
NPRM Comment Period End 05/26/95 60 FR 15705
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: Revised RIN 1557-AA67 pertains to a total
review of 12 CFR 4. This total revision will include former projects
relating to 12 CFR 4.11 (former RIN 1557-AA67) and 12 CFR 4.19 (former
RIN 1557-AA57); which will no longer be separate projects. ADDITIONAL
AGENCY CONTACT: Daniel Cooke, Attorney, Legislative & Regulatory
Activities Division, (202)874-5090, 250 E Street, SW., Washington, DC
20219.
Agency Contact: Andrew Gutierrez, Attorney, Department of the Treasury,
Comptroller of the Currency, Legislative & Regulatory Activities,
Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
RIN: 1557-AA67
_______________________________________________________________________
2831. CAPITAL RULES
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 93a; 12 USC 161; 12 USC 1828 Note; 12 USC
1828(n); 12 USC 1831n Note; 12 USC 1835; 12 USC 3907; 12 USC 3909
CFR Citation: 12 CFR 3
Legal Deadline: Final, Statutory, June 19, 1993.
Statutory deadline only applicable to interest rate risk rulemaking.
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: (1) rule on expanded
matrix; (2) rule on interest rate risk; (3) rule on OECD membership;
(4) mortgage servicing rights; (5) market risk; (6) three rules on
recourse arrangements ((a) low level recourse; (b) recourse
arrangements and direct credit substitutes; and (c) small business
loans).
Timetable:
Collateralized Transactions NPRM 08/18/93 (58 FR 43822) Final Rule
12/28/94 (59 FR 66642)
Concentrations/Nontraditional Activities NPRM 02/22/94 (59 FR
8420) Final Rule 12/15/94 (59 FR 64561)
Deferred Tax Assets NPRM 12/20/93 (58 FR 68065) NPRM 12/23/93 (58 FR
68065) Final Rule 02/10/95 (60 FR 7903) Final Rule 02/10/95 (60 FR
7903)
Expanded Matrix NPRM 09/01/94 (59 FR 45243) Final Rule 09/05/95 (60
FR 46170)
Interest Rate Risk ANPRM 08/10/92 (57 FR 35507) NPRM 09/14/93 (58 FR
48206) Final Rule 08/02/95 (60 FR 39490)
Market Risk NPRM 07/25/95 (60 FR 38082) Final Rule 04/00/96
Mortgage Servicing Rights Interim Rule 08/01/95 (60 FR 39226) Final
Rule 12/00/95
Net Unrealized Gains & Losses NPRM 04/18/94 (59 FR 18328) Final Rule
11/25/94 (59 FR 60552)
Netting of Derivatives NPRM 05/20/94 (59 FR 26456) Final rule 12/28/
94 (59 FR 66645)
OECD Membership NPRM 10/14/94 (59 FR 52100) Final Rule 11/00/95
Recourse: Low-Level Recourse Final Rule 04/10/95 (60 FR 17986)
Recourse: Recourse and Direct Credit Substitutes Combined ANPRM/NPRM
05/25/94 (59 FR 27116) Final Rule 03/00/96
Recourse: Small Business Loans Interim Rule with Comment Request 09/
00/95
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 SW.,
Washington DC 20219.
Agency Contact: Ronald Shimabukuro, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative & Regulatory
Activities, Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
RIN: 1557-AB14
_______________________________________________________________________
2832. INTERNATIONAL OPERATIONS AND FEDERAL BRANCHES AND AGENCIES;
REGULATION REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 1 et seq; 12 USC 24(Seventh); 12 USC 93a; 12
USC 161; 12 USC 602; 12 USC 3101 et seq; 12 USC 3901 et seq
CFR Citation: 12 CFR 20; 12 CFR 28; 12 CFR 5
Legal Deadline: Final, Statutory, September 29, 1995.
Sec. 107(b) of the Riegle-Neal Interstate Act, P.L. 103-328, 12 USC
3104 note, requires the OCC to revise, by September 28, 1995, its
regulations governing the types of deposits (cont)
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 in Part 20 and the
activities of Federal branches and agencies of foreign banks in the
United States in Part 28. 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 07/05/95 60 FR 34907
NPRM Comment Period End 09/05/95 60 FR 34907
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: LEGAL DEADLINE CONT: that may be accepted by
uninsured Federal branches of foreign banks.
Agency Contact: Raija Bettauer, Counselor for International Activities,
Department of the Treasury, Comptroller of the Currency, 250 E Street
SW., Washington, DC 20219
Phone: 202 874-0680
RIN: 1557-AB26
_______________________________________________________________________
2833. REAL ESTATE LENDING AND APPRAISALS; REGULATION REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 93a; 12 USC 371; 12 USC 1701j-3; 12 USC
1828(o); 12 USC 3331 et seq
CFR Citation: 12 CFR 34
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 real estate lending. The OCC would update and clarify its
rules, codify administrative decisions, incorporate statutory changes,
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 07/07/95 60 FR 35353
NPRM Comment Period End 09/05/95
Final Action 01/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Agency Contact: Mark Tenhundfeld, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative & Regulatory
Activities, Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
RIN: 1557-AB48
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Long-Term Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2834. STANDARDS FOR SAFETY AND SOUNDNESS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 12 CFR 30
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 00/00/00
Standards for Safety and Soundness NPRM 07/10/95 (60 FR 35674)
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Emily R. McNaughton
Phone: 202 874-5170
RIN: 1557-AB17
_______________________________________________________________________
2835. MINIMUM SECURITY DEVICES AND PROCEDURES, REPORTS OF CRIMES
AND SUSPECTED CRIMES AND BANK SECRECY COMPLIANCE
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 12 CFR 21
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/03/95 60 FR 34476
NPRM Comment Period End 09/01/95 60 FR 34476
Final Action 00/00/00
Small Entities Affected: None
Government Levels Affected: Federal
Agency Contact: Robert S. Pasley
Phone: 202 874-4800
RIN: 1557-AB19
_______________________________________________________________________
2836. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES;
REGULATION REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 12 CFR 5; 12 CFR 16
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/29/94 59 FR 61034
NPRM Comment Period End 01/30/95 59 FR 61034
Final Action 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Stuart Feldstein
Phone: 202 874-5090
RIN: 1557-AB27
_______________________________________________________________________
2837. INTERPRETIVE RULINGS; REGULATION REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 12 CFR 7; 12 CFR 31
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/03/95 60 FR 11924
NPRM Comment Period End 05/02/95 60 FR 11924
Final Action 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Stuart Feldstein
Phone: 202 874-5090
RIN: 1557-AB38
_______________________________________________________________________
2838. ASSESSMENT OF FEES; NATIONAL BANKS; DISTRICT OF COLUMBIA
BANKS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 12 CFR 8
Timetable:
Assessments Review NPRM 00/00/00
Trust Fees Interim Rule 11/18/94 (59 FR 59640) Final Rule 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Roy Madsen
Phone: 202 874-5130
RIN: 1557-AB41
_______________________________________________________________________
2839. RECORDKEEPING AND CONFIRMATION REQUIREMENTS FOR SECURITIES
TRANSACTIONS; REGULATION REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 12 CFR 12
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Suzette Greco
Phone: 202 874-5210
RIN: 1557-AB42
_______________________________________________________________________
2840. UNIFORM RULES OF PRACTICE AND PROCEDURE; REGULATION REVIEW
Priority: Other
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 12 CFR 19
Timetable:
Suspension and Debarment of Accountants NPRM 00/00/00
Uniform Rules -- Administrative Adjudication Process NPRM 06/23/95 (60
FR 32882) Final Rule 00/00/00
Uniform Rules -- Ex Parte NPRM 12/12/94 (59 FR 63936) Final Rule 06/
08/95 (60 FR 30183)
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Daniel Cooke
Phone: 202 874-5090
RIN: 1557-AB43
_______________________________________________________________________
2841. DISPOSITION OF CREDIT LIFE INSURANCE INCOME; REGULATION
REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 12 CFR 2
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 00/00/00
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Stuart E. Feldstein
Phone: 202 874-5090
RIN: 1557-AB49
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2842. COMMUNITY REINVESTMENT ACT REGULATION
Priority: Economically Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 12 CFR 25
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 05/04/95 60 FR 22156
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Matthew Roberts
Phone: 202 874-5750
RIN: 1557-AB32
_______________________________________________________________________
2843. AGRICULTURAL LOAN LOSS AMORTIZATION; REGULATION REVIEW
Priority: Other
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 12 CFR 35
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 05/24/95 60 FR 27401
Final Action Effective 01/01/99
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Andrew Gutierrez
Phone: 202 874-5090
RIN: 1557-AB44
BILLING CODE 4810-33-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2844. U.S. INSULAR POSSESSIONS--DUTY-FREE TREATMENT
Priority: Substantive, Nonsignificant
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
New NPRM 12/00/95
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
Phone: 202 482-6980
RIN: 1515-AB14
_______________________________________________________________________
2845. PUBLICATION OF FILER CODES
Priority: Substantive, Nonsignificant
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 12/00/95
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
Phone: 202 482-7040
RIN: 1515-AB27
_______________________________________________________________________
2846. PARALLEL IMPORTS AND OTHER TRADEMARKED GOODS
Priority: Substantive, Nonsignificant
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: Amendment to provide for restrictions on the importation of
certain foreign-made articles bearing genuine trademarks identical to
or substantially indistinguishable from a valid, recorded U.S.
trademark where the imported articles and the articles bearing the
authorized U.S. trademark are materially and physically different.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Karl Wm. Means, Attorney, Intellectual Property Rights
Branch, Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6960
RIN: 1515-AB49
_______________________________________________________________________
2847. TEXTILES AND TEXTILE PRODUCTS SUBJECT TO TEXTILE TRADE
AGREEMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 7 USC
1854
CFR Citation: 19 CFR 12
Legal Deadline: None
Abstract: Amendment to the country of origin standards and documentary
requirements applicable to textiles and textile products subject to
section 204 of the Agricultural Act of 1956. Amendment involves
simplification of regulatory text, has no substantive effect on the
U.S. textile import program as administered by Customs and is intended
to ensure that the wording of the Customs Regulations is consistent
with the product coverage of section 204.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Dick Crichton, Operations Officer, Office of Trade
Operations, Department of the Treasury, United States Customs Service,
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0162
RIN: 1515-AB54
_______________________________________________________________________
2848. ANDEAN TRADE PREFERENCE
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19
USC 1498; 19 USC 1508; 19 USC 1624; 19 USC 3203
CFR Citation: 19 CFR 10
Legal Deadline: None
Abstract: Amendment to implement the duty preference provisions of the
Andean Trade Preference Act.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Carol Argentine, Import Specialist, Office of Field
Operations, Department of the Treasury, United States Customs Service,
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0021
RIN: 1515-AB59
_______________________________________________________________________
2849. ACCREDITATION OF COMMERCIAL TESTING LABORATORIES; APPROVAL OF
COMMERCIAL GAUGERS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1499; 19 USC 1624
CFR Citation: 19 CFR 113; 19 CFR 151
Legal Deadline: None
Abstract: Amendment to set forth procedures for the accreditation of
commercial laboratories and the approval of commercial gaugers and the
suspension and revocation of such accreditations and the approvals.
Amendments are pursuant to authority of the Customs Modernization
provisions of the North American Free Trade Agreement Implementation
Act.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Carolyn E. Damon, Laboratory Director, Office of
Laboratories & Scientific Services, Department of the Treasury, United
States Customs Service, 1301 Constitution Avenue NW., Washington, DC
20229
Phone: 312 353-2338
RIN: 1515-AB60
_______________________________________________________________________
2850. LIQUIDATION; EXTENSION; SUSPENSION
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 19 USC 66; 19 USC 1500; 19 USC 1504; 19 USC 1624
CFR Citation: 19 CFR 159
Legal Deadline: None
Abstract: Document would amend the Customs Regulations to implement
amendments to section 504 of the Tariff Act of 1930, as amended, which
pertains to limitations on the liquidation of entries, that were
contained in the Customs Modernization provisions of the North American
Free Trade Agreement Implementation Act. Amendments would allow the
reconciliation of entries to be treated as if they were entry
summaries, subject to normal liquidation requirements; authorize the
electronic transmittal of notices of extension and suspension of
liquidation; extend the time period in which customs must liquidate a
suspended entry after the suspension is removed; remove the application
of the four-year limitation to suspended entries; and provide that
customs must also inform sureties when an entry is suspended or
extended.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Allan J. Stevenson, Attorney, Entry Rulings Branch,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-7040
RIN: 1515-AB66
_______________________________________________________________________
2851. DETENTION, SEIZURE, AND FORFEITURE OF ``BOOTLEG''
SOUND RECORDING AND MUSIC VIDEOS OF LIVE MUSICAL PERFORMANCES
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 58a; 19 USC
58b; 19 USC 58c; 19 USC 66; 17 USC 101; 17 USC 601; 17 USC 602; 17 USC
603; 31 USC 9701
CFR Citation: 19 CFR 12; 19 CFR 24; 19 CFR 133
Legal Deadline: None
Abstract: Amendment to provide for the detention, seizure, and
forfeiture of unauthorized (bootleg) copies of sound recordings and
music videos of live musical performances recorded outside of and
imported into the United States, as provided by section 513(a) of the
Uruguay Round Agreements Act.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: George F. McCray, Attorney - Advisor, Intellectural
Property Rights Branch, Department of the Treasury, United States
Customs Service, 1301 Constitution Avenue NW., Franklin Court,
Washington, DC 20229
Phone: 202 482-6960
RIN: 1515-AB74
_______________________________________________________________________
2852. DETENTION OF MERCHANDISE
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1499; 19 USC 1624
CFR Citation: 19 CFR 151
Legal Deadline: None
Abstract: Amendment to provide for procedures regarding the detention
of merchandise that is undergoing Customs examination. Amendment will
reflect Customs Modernization Act.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Jeremy Baskin, Attorney - Advisor, Penalties Branch,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6950
RIN: 1515-AB75
_______________________________________________________________________
2853. INTEREST ON UNDERPAYMENTS AND OVERPAYMENTS OF
CUSTOMS DUTIES FEES AND INTEREST
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 58a; 19 USC 58b; 19 USC
58c; 19 USC 1202; 19 USC 1505; 19 USC 1623; 19 USC 1624; 31 USC 9701
CFR Citation: 19 CFR 12; 19 CFR 113
Legal Deadline: None
Abstract: Amendment to reflect the provisions of section 505 of the
Tariff Act of 1930 as amended by section642(c) of the North American
Free Trade Agreement Implementation Act, regarding the assessment of
interest due to underpayments or overpayments to Customs of duties and
fees pertaining to imported merchandise, including interest thereon.
Amendment will also pertain to the payment of interest due to
underpayments or overpayments of fees and other charges, including
interest thereon, that are not expressly covered by the terms of 19 USC
1505, but to which the same principles should apply. Interest, per the
amendment, would accrue from the date the duties, fees, or other
charges are deposited, or are required to be deposited, with Customs
rather than from the date appearing on the bill for payment
subsequently issued by Customs.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Donnette Rimmer, Attorney-Advisor, Intellectual
Property Rights Branch, Department of the Treasury, United States
Customs Service, 1301 Constitution Avenue NW., Franklin Court,
Washington, DC 20229
Phone: 202 482-6960
RIN: 1515-AB76
_______________________________________________________________________
2854. RECORDKEEPING REQUIREMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1624; 19 USC 1508; 19
USC 1509; 19 USC 1510
CFR Citation: 19 CFR 162; 19 CFR 163 (New)
Legal Deadline: None
Abstract: Amendment to reflect statutory amendments contained in the
Customs Modernization provisions of the North American Free Trade
Agreement Implementation Act covering recordkeeping, examination of
books and witnesses, regulatory audit procedures, and judicial
enforcement.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Cindy Covell, Supervisory Regulatory Auditor, Office of
Regulatory Audit, Department of the Treasury, United States Customs
Service, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0736
RIN: 1515-AB77
_______________________________________________________________________
2855. USE OF CONTAINERS DESIGNATED AS INSTRUMENTS OF
INTERNATIONAL TRAFFIC IN POINT-TO-POINT LOCAL TRAFFIC
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1322; 19 USC 1623; 19 USC
1624
CFR Citation: 19 CFR 10
Legal Deadline: None
Abstract: Amendment to provide that certain containers which are
designated as instruments of international traffic are deemed to remain
in international traffic regardless of the fact that the containers may
engage in point-to-point local traffic within the United States
provided that such containers engage in at least one international
movement within 365 days of the date on which they are admitted to the
United States.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/00/96
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: Glen Vereb, Attorney-Advisor, Carrier Rulings Branch,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6940
RIN: 1515-AB79
_______________________________________________________________________
2856. COUNTRY-OF-ORIGIN MARKING
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
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 ease the requirement that whenever words appear
on an imported article indicating the name of a geographic location
other than the true country of origin of the article, the country-of-
origin marking always must appear in close proximity to those words.
Amendment would require the country of origin to be in close proximity
to the name of the other geographic location on the imported article
only if the name of the other geographic location would mislead or
deceive the ultimate purchaser as to the actual country of origin of
the imported article.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Anthony Tonucci, Attorney-Advisor, Special
Classification and Marking Branch, Department of the Treasury, United
States Customs Service, 1301 Constitution Avenue NW., Franklin Court,
Washington, DC 20229
Phone: 202 482-6980
RIN: 1515-AB82
_______________________________________________________________________
2857. CENTRALIZED EXAMINATION STATIONS; IMMEDIATE
SUSPENSION OR PERMANENT REVOCATION AS OPERATOR UPON INDICTMENT FOR ANY
FELONY
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1499; 19 USC 1623; 19 USC 1624
CFR Citation: 19 CFR 118
Legal Deadline: None
Abstract: Amendment to enable Customs port directors to immediately
suspend operations at a Centralized Examination Station (CES) whenever
the operator, entity or other person exercising substantial ownership
or control over the operator is indicted for, convicted of, or has
committed acts which would constitute any felony. Amendment would also
state specifically that the failure of a CES operator to follow the
terms of the CES written agreement constitutes a ground for proposed
permanent revocation of the CES and cancellation of the written
agreement to operate the facility.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Linda Walfish, Operations Officer, Department of the
Treasury, United States Customs Service, 1301 Constitution Avenue NW.,
Washington, DC 20229
Phone: 202 927-1167
RIN: 1515-AB83
_______________________________________________________________________
2858. RECONCILIATION
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 19 USC 66; 19 USC 1484; 19 USC 1500; 19 USC 1624
CFR Citation: 19 CFR 142; 19 CFR 159
Legal Deadline: None
Abstract: Amendment to allow those elements of an entry, other than
those elements relating to the admissibility of the merchandise, that
are undetermined at the time an entry summary or an import activity
summary is required to be submitted, to be provided to Customs at a
later date.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: John Durant, Director, Tariff Classification Appeals
Division, Department of the Treasury, United States Customs Service,
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 482-6990
RIN: 1515-AB85
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2859. RULES OF ORIGIN
Priority: Other Significant
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 05/05/95 60 FR 22312
Additional NPRM 07/12/95 60 FR 35878
New NPRM Comment Period End 07/19/95 60 FR 29520
Additional NPRM Comment Period
End 08/28/95 60 FR 35878
Final Action 11/00/95
To Be Combined With RIN 1515-
AB34 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Sandra L. Gethers, Branch Chief, Special Classification
and Marking Branch, Department of the Treasury, United States Customs
Service, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 482-6980
RIN: 1515-AB19
_______________________________________________________________________
2860. DISCLOSURE OF INFORMATION TO INTELLECTUAL PROPERTY RIGHTS
OWNERS
Priority: Substantive, Nonsignificant
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
New NPRM 07/14/95 60 FR 36249
New NPRM Comment Period End 09/12/95
Final Action 01/00/96
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
Phone: 202 482-6960
RIN: 1515-AB28
_______________________________________________________________________
2861. RULES FOR DETERMINING THE COUNTRY OF ORIGIN OF A GOOD FOR
PURPOSES OF ANNEX 311 OF THE NORTH AMERICAN FREE TRADE AGREEMENT
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202, Gen Note 20, 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
Proposed Changes to Interim
Final Rule 05/05/95 60 FR 22312
Comment Period End for Proposed
Changes to Interim Final Rule 06/05/95 60 FR 29520
Comment Period End for Proposed
Changes to Interim Final Rule 06/05/95
Additional NPRM 07/12/95 60 FR 35878
Additional NPRM Comment Period
End 08/28/95
Additional NPRM Comment Period
End 08/28/95
Final Action 12/00/95
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
Phone: 202 482-6980
RIN: 1515-AB34
_______________________________________________________________________
2862. PRELIMINARY VESSEL ENTRY AND PERMITS TO LADE AND UNLADE
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 288; 19 USC
1433; 19 USC 1434; 19 USC 1446; 19 USC 1448; 19 USC 1450; 19 USC 1624;
46 USC app 3; 46 USC app 91
CFR Citation: 19 CFR 4
Legal Deadline: None
Abstract: Amendment to the Customs Regulations concerns the preliminary
entry of vessels arriving in ports of the United States and the
granting of permits for the lading and unlading of merchandise from
those vessels. Amendment would allow preliminary entry without
mandatory boarding in all cases and allow Customs to electronically
issue permits to lade or unlade merchandise pursuant to an authorized
data interchange system.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/18/94 59 FR 12878
NPRM Comment Period End 04/18/94
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Lou Samenfink, Chief, Cargo Control Branch, Department
of the Treasury, United States Customs Service, 1301 Constitution
Avenue NW., Washington, DC 20229
Phone: 202 927-0042
RIN: 1515-AB37
_______________________________________________________________________
2863. FEES ASSESSED FOR DEFAULTED PAYMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 58a; 19 USC 58b; 19 USC 58c; 19 USC
66; 19 USC 1202; 19 USC 1624; 31 USC 9701
CFR Citation: 19 CFR 24
Legal Deadline: None
Abstract: Amendment authorizes the assessment of a $30 fee for any
defaulted payment resulting from a check or other monetary instrument
returned unpaid by a financial institution, including Automated
Clearinghouse defaulted payments, which were presented for duties,
taxes and other charges incurred in connection with any commercial or
noncommercial importation or other Customs transaction whether or not
backed by a Customs bond.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/23/94 59 FR 13664
NPRM Comment Period End 05/23/94
Final Action 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: David Baker, Officer, Office of the Comptroller,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0620
RIN: 1515-AB38
_______________________________________________________________________
2864. IMPORTER CERTIFICATION REGARDING COUNTRY OF ORIGIN OF
TEXTILES AND TEXTILE PRODUCTS
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624
CFR Citation: 19 CFR 12
Legal Deadline: None
Abstract: Amendment to require that an importer of textiles or textile
products submit to Customs a certification stating that he has used
reasonable care to ascertain the true country of origin of the imported
merchandise and to verify the accuracy of the declaration prepared by
the manufacturer, producer or exporter and filed by the importer with
the entry.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/30/94 59 FR 14806
NPRM Comment Period End 05/31/94
Final Action 02/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Dick Crichton, Operations Officer, Office of Trade
Operations, Department of the Treasury, United States Customs Service,
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0162
RIN: 1515-AB43
_______________________________________________________________________
2865. ENFORCEMENT OF ITC EXCLUSION ORDERS
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1337; 19 USC 1623; 19
USC 1624
CFR Citation: 19 CFR 12
Legal Deadline: None
Abstract: Amendment regarding unfair competition to reflect Customs
authority to enforce seizure and forfeiture orders issued by the United
States International Trade Commission (ITC). These orders would be
issued for articles which had previously been denied entry pursuant to
an ITC exclusion order.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/19/94 59 FR 26151
NPRM Comment Period End 07/18/94
Final Action 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Vicki Allums, Attorney, Intellectual Property Rights
Branch, Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6960
RIN: 1515-AB44
_______________________________________________________________________
2866. NORTH AMERICAN FREE TRADE AGREEMENT--SUBMISSION OF
CERTIFICATES OF ELIGIBILITY FOR TEXTILE AND APPAREL GOODS UNDER THE
TARIFF PREFERENCE LEVEL PROVISIONS
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624
CFR Citation: 19 CFR 12
Legal Deadline: None
Abstract: Amendment to require submission of a Certificate of
Eligibility in connection with the entry of non-originating textile and
apparel goods from Canada or Mexico for which preferential tariff
treatment is claimed under the tariff preference level provisions of
the North American Free Trade Agreement.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 06/20/94 59 FR 31519
Interim Rule Effective 06/20/94
Interim Final Rule Comment
Period End 08/19/94
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Dick Crichton, Operations Officer, Office of Trade
Operations, Department of the Treasury, United States Customs Service,
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0162
RIN: 1515-AB50
_______________________________________________________________________
2867. TREATMENT OF REUSABLE SHIPPING DEVICES ARRIVING FROM CANADA
OR MEXICO
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
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: Amendment to allow certain foreign-manufactured shipping
devices arriving from Canada or Mexico to be released under specified
conditions, without entry and payment of duty at the time of arrival
and without the devices being serially numbered or marked, if they are
always transported on or within either intermodal and similar
containers or containers which are themselves vehicles or vehicle
appurtenances and accessories.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/01/94 59 FR 54537
NPRM Comment Period End 01/03/95 59 FR 54537
Final Action 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Louis Hryniw, Supervisory Auditor, Office of Regulatory
Audit, Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-1100
RIN: 1515-AB51
_______________________________________________________________________
2868. EXAMINATION OF BAGGAGE
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1461; 19 USC 1462; 19 USC 1496; 19
USC 1624
CFR Citation: 19 CFR 123; 19 CFR 148
Legal Deadline: None
Abstract: Amendment to more clearly reflect Customs statutory authority
to open and examine baggage and vehicles without the permission of the
owners of the baggage and vehicles.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/10/94 59 FR 56014
NPRM Comment Period End 01/09/95 59 FR 56014
Final Action 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Lars-Erik Hjelm, Attorney, Office of the Chief Counsel,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-6900
RIN: 1515-AB56
_______________________________________________________________________
2869. DISCLOSURE OR PRODUCTION OF CUSTOMS INFORMATION PURSUANT TO
LEGAL PROCESS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 5 USC 301; 5 USC 552; 5 USC 552a; 18 USC 1905; 19 USC
66; 19 USC 1624; 31 USC 9701
CFR Citation: 19 CFR 103
Legal Deadline: None
Abstract: Amendment to clarify the procedures to be followed when
subpoenas or other demands of courts and other authorities, except
Congress, are issued to compel the disclosure or production of Customs
documents or information for use in Federal, State, local and foreign
proceedings.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 09/06/94 59 FR 46007
NPRM Comment Period End 11/07/94 59 FR 46007
Final Action 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Senoria Clarke, Attorney, Office of the Chief Counsel,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-6900
RIN: 1515-AB58
_______________________________________________________________________
2870. SEIZURE OF MERCHANDISE
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1595a(c); 19 USC 1624
CFR Citation: 19 CFR 162
Legal Deadline: None
Abstract: The document would amend the Customs Regulations to reflect
the clarification of customs seizure authority contained in the Customs
Modernization Act. Among its other provisions, the Modernization Act
amended section 596(c) of the Tariff Act of 1930 to clarify and codify
Customs authority to seize and forfeit merchandise found to be imported
in violation of the law. The Customs Modernization Act distinguishes
between circumstances under which such merchandise shall be seized and
those in which seizure is permissive.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/03/95 60 FR 21778
NPRM Comment Period End 07/03/95
Final Action 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Todd Schneider, Attorney, Penalties Branch, Department
of the Treasury, United States Customs Service, 1301 Constitution
Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6950
RIN: 1515-AB62
_______________________________________________________________________
2871. CUSTOMS/INS SERVICE FIELD ORGANIZATIONS; REVOCATIONS AND
DESIGNATIONS OF INTERNATIONAL AIRPORT STATUS FOR CUSTOMS SERVICES AND
PORTS OF ENTRY FOR ALIENS ARRIVING BY AIRCRAFT
Priority: Routine and Frequent
Legal Authority: 8 USC 1103; 5 USC 301; 19 USC 58b; 19 USC 66; 19 USC
1433; 19 USC 1436; 19 USC 1459; 19 USC 1590; 19 USC 1594; 19 USC 1623;
19 USC 1624; 19 USC 1644; 49 USC app 1509
CFR Citation: 8 CFR 100; 19 CFR 122
Legal Deadline: None
Abstract: Document would amend the Customs and Immigration and
Naturalization Service regulations pertaining to their respective field
organizations. Customs would revoke the international airport
designations for Ranier International Seaplane Base located in Ranier,
Minnesota, and the Eagle Pass Municipal Airport located in Eagle Pass,
Texas. Immigration and Naturalization Service would remove Ranier,
Minnesota, and Eagle Pass, Texas, from the port of entry lists for
aliens arriving by vessel, land transportation, or by aircraft.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/27/95 60 FR 15703
NPRM Comment Period End 05/26/95
Final Action 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Darlene Langum Wilder, Customs Officer, Department of
the Treasury, United States Customs Service, 1301 Constitution Avenue
NW., Washington, DC 20229
Phone: 202 927-0530
RIN: 1515-AB64
_______________________________________________________________________
2872. WAREHOUSE WITHDRAWALS; AIRCRAFT FUEL SUPPLIES; PIPELINE
TRANSPORTATION IN BOND OF MERCHANDISE
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC
1557; 19 USC 1551; 19 USC 1552; 19 USC 1553; 19 USC 1553a
CFR Citation: 19 CFR 10; 19 CFR 18
Legal Deadline: None
Abstract: Document implements certain statutory amendments to the
Customs laws regarding recordkeeping for merchandise transported by
pipeline and duty-free withdrawals from Customs bonded warehouses of
aircraft turbine fuel. These statutory amendments are contained in the
Customs Modernization provisions of the North American Free Trade
Agreement Implementation Act. The document also clarifies the
procedures applicable to aircraft turbine fuel which is withdrawn from
a Customs bonded warehouse for certain duty-free use and is commingled
with other lots of fuel before being so used.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: William G. Rosoff, Chief, Entry Rulings Branch,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-7040
RIN: 1515-AB67
_______________________________________________________________________
2873. COUNTRY-OF-ORIGIN MARKING FOR WATCHES
Priority: Substantive, Nonsignificant
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 prescribe specific rules regarding the country-
of-origin marking of watches to ensure that the marking is conspicuous
and legible.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 03/20/95 60 FR 14705
ANPRM Comment Period End 05/04/95 60 FR 14705
To Be Withdrawn 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Burton Schlissel, Attorney, Special Classification and
Marking Branch, Department of the Treasury, United States Customs
Service, 1301 Constitution Avenue NW., Franklin Court, Washington, DC
20229
Phone: 202 482-6980
RIN: 1515-AB68
_______________________________________________________________________
2874. RULES OF ORIGIN FOR TEXTILE AND APPAREL PRODUCTS
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19
USC 1498; 19 USC 1508; 19 USC 1624; 19 USC 2701; 19 USC 3592; 19 USC
3314; 7 USC 1854
CFR Citation: 19 CFR 12; 19 CFR 102; 19 CFR 10
Legal Deadline: Final, Statutory, July 1, 1995.
Abstract: Amendment to implement the provisions of section 334 of the
Uruguay Round Agreements Act regarding the country of origin of textile
and apparel products. Except for the purpose of identifying products of
Israel, the rules will govern the determination of the country of
origin of imported textile and apparel products for purposes of laws
enforced by Customs. Amendment also implements the provisions of
section 334 of the Uruguay Round Agreements Act regarding the treatment
of components that are cut to shape in the United States from foreign
fabric, exported for assembly, and returned to the United States.
Amendment also implements previously enacted provisions regarding the
treatment of articles assembled or produced in a Carribbean Basin
Initiative beneficiary country wholly from U.S.-produced components,
materials, or ingredients.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/23/95 60 FR 27378
NPRM Comment Period End 06/22/95
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Phil Robins, Attorney, Textile Classification Branch,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-7029
RIN: 1515-AB71
_______________________________________________________________________
2875. SEARCH WARRANTS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will eliminate existing text in the CFR.
Legal Authority: 19 USC 66; 19 USC 1595; 19 USC 1624; 19 USC 1589a
CFR Citation: 19 CFR 162
Legal Deadline: None
Abstract: Amendment to remove regulation limiting the authority of
Customs officers to whom search warrants are issued. Regulation is
inconsistent with the current state of the law.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/12/95 60 FR 35881
NPRM Comment Period End 09/11/95
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Lars-Erik Hjelm, Attorney, Office of Chief Counsel,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-6900
RIN: 1515-AB72
_______________________________________________________________________
2876. EXPORT CERTIFICATES FOR BEEF SUBJECT TO TARIFF-RATE
QUOTA
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1484; 19 USC 1508; 19
USC 1623; 19 USC 1624
CFR Citation: 19 CFR 132
Legal Deadline: None
Abstract: Amendment to set forth the form and manner by which an
importer makes a declaration that valid export certificate is in effect
for imported beef which is the subject of a tariff-rate quota and the
product of a participating country, as defined in regulations of the
United States Trade Representative.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 08/01/95 60 FR 39108
Interim Final Rule Effective 08/01/95
Interim Final Rule Comment
Period End 10/02/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Karen Cooper, Operations Officer, Quota Branch,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-5401
RIN: 1515-AB73
_______________________________________________________________________
2877. UNESCO CULTURAL PROPERTY CONVENTION SIGNATORIES
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19
USC 2612
CFR Citation: 19 CFR 12
Legal Deadline: None
Abstract: Amendment republishes the list of signatory nations to the
1970 United Nations Educational, Scientific, and Cultural Organization
Convention as the Means of Prohibiting and Preventing the Illicit
Import, Export, and Transfer of Ownership of Cultural Property.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Donnette Rimmer, Attorney-Advisor, Intellectual
Property Rights Branch, Department of the Treasury, United States
Customs Service, 1301 Constitution Avenue NW., Franklin Court,
Washington, DC 20229
Phone: 202 482-6960
RIN: 1515-AB78
_______________________________________________________________________
2878. REMOVAL OF CAMBODIA AND VIETNAM FROM LIST OF ``NON-
ENTRANT'' COUNTRIES
Priority: Routine and Frequent
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19
USC 1434; 19 USC 1624; 46 USC app 3; 46 USC app 91; 46 USC app 121; 46
USC app 128
CFR Citation: 19 CFR 4
Legal Deadline: None
Abstract: Document removes Cambodia and Vietnam from the list of ``non-
entrant'' countries so that foreign vessels entering the United States
from these countries are now subject to a lesser special tonnage tax
assessment. Cambodia and Vietnam were removed from ``non-entrant''
status by the National Security Council as of April 27, 1995.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Barbara Whiting, Customs Law Specialist, Department of
the Treasury, United States Customs Service, Carrier Rulings Branch,
1301 Constitution Avenue NW., Franklin Court, Washington, DC 20229
Phone: 202 482-6940
RIN: 1515-AB81
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Long-Term Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2879. HARBOR MAINTENANCE FEE
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 146; 19 CFR 178
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
Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: Patricia Barbare
Phone: 202 927-0034
RIN: 1515-AA57
_______________________________________________________________________
2880. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 24
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 01/08/92 57 FR 607
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Patricia Barbare
Phone: 202 927-0034
RIN: 1515-AA87
_______________________________________________________________________
2881. AUTOMATED SURETY INTERFACE
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 113
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
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Diane Hundertmark
Phone: 202 927-0355
RIN: 1515-AB25
_______________________________________________________________________
2882. SUBSTITUTION UNUSED MERCHANDISE DRAWBACK
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 191
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: William G. Rosoff
Phone: 202 482-7040
RIN: 1515-AB48
_______________________________________________________________________
2883. COUNTRY-OF-ORIGIN MARKING REQUIREMENTS FOR FROZEN PRODUCE
PACKAGES
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 134
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 02/02/95 60 FR 6464
ANPRM Comment Period End 03/20/95 60 FR 6464
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: David Cohen
Phone: 202 482-6980
RIN: 1515-AB61
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
United States Customs Service (CUSTOMS)
_______________________________________________________________________
2884. VOLUNTARY RESTRAINT ARRANGEMENTS--STEEL
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will eliminate existing text in the CFR.
CFR Citation: 19 CFR 10
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Closed Without Further
Regulations 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Frank Crowe
Phone: 202 927-0164
RIN: 1515-AB04
_______________________________________________________________________
2885. STANDARDS FOR THE ESTABLISHMENT OF CUSTOMS SERVICES
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 101
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project Closed Without
Regulations 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Bradley Lund
Phone: 202 927-0192
RIN: 1515-AB18
_______________________________________________________________________
2886. PETROLEUM REFINERIES IN FOREIGN TRADE SUBZONES
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 146
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 04/27/95 60 FR 20628
Final Action Effective 10/24/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Louis Hryniw
Phone: 202 927-0677
RIN: 1515-AB20
_______________________________________________________________________
2887. IDENTIFYING MERCHANDISE SUBJECT TO ANTIDUMPING OR
COUNTERVAILING DUTY ORDERS
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 141
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project Closed Without
Regulations 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: John Esau
Phone: 202 927-1500
RIN: 1515-AB32
_______________________________________________________________________
2888. NORTH AMERICAN FREE TRADE AGREEMENT
Priority: Other Significant
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
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 09/06/95 60 FR 56334
Final Action Effective 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Joyce Metzger
Phone: 202 927-0792
RIN: 1515-AB33
_______________________________________________________________________
2889. FILING OF EXPORT CERTIFICATES
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 4
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 07/12/95 60 FR 35837
Final Action Effective 08/11/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Barbara Whiting
Phone: 202 482-6940
RIN: 1515-AB46
_______________________________________________________________________
2890. TEST PROGRAMS
Priority: Other Significant
CFR Citation: 19 CFR 101
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 03/16/95 60 FR 14211
Final Action Effective 04/17/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: John Durant
Phone: 202 482-6990
RIN: 1515-AB47
_______________________________________________________________________
2891. EXPRESS CONSIGNMENTS: FORMAL AND INFORMAL ENTRIES OF
MERCHANDISE; ADMINISTRATIVE EXEMPTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 10; 19 CFR 101; 19 CFR 111; 19 CFR 123; 19 CFR
128; 19 CFR 141; 19 CFR 143; 19 CFR 145; 19 CFR 148; 19 CFR 159
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 04/14/95 60 FR 18983
Final Action Effective 05/15/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: William G. Rosoff
Phone: 202 482-7040
RIN: 1515-AB53
_______________________________________________________________________
2892. TEMPORARY IMPORTATION BONDS; ANTICIPATORY BREACH, ASSESSMENT
AMOUNTS, PETITIONS FOR RELIEF
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 19 CFR 10
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 03/20/95 60 FR 14630
Final Action Effective 04/19/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Jeremy Baskin
Phone: 202 482-6950
RIN: 1515-AB65
_______________________________________________________________________
2893. TERMINATION OF THE BAHAMAS AS A DESIGNATED COUNTRY
MEMBER OF AN ASSOCIATION OF COUNTRIES UNDER THE GSP
Priority: Routine and Frequent
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 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: Document amends the Customs Regulations pertaining to the
Generalized System of Preferences (GSP) direct importation requirement
by adding the Bahamas to the list of countries whose membership in an
association of countries for GSP purposes has been terminated by the
President.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 04/12/95 60 FR 18542
Final Action Effective 04/12/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Lisa Crosby, Trade Compliance Officer, Office of Field
Operations, Department of the Treasury, United States Customs Service,
1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0163
RIN: 1515-AB69
_______________________________________________________________________
2894. REPLACEMENT OF CF 7505 AND CF 7506 BY CF 7501
Priority: Routine and Frequent
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC
1555; 19 USC 1556; 19 USC 1562; 19 USC 1311; 19 USC 1565; 19 USC 1646a
CFR Citation: 19 CFR 10; 19 CFR 19; 19 CFR 54; 19 CFR 125; 19 CFR 141;
19 CFR 144
Legal Deadline: None
Abstract: Amendment to eliminate references to Customs Form 7505,
Warehouse Withdrawal for Consumption and Customs Form 7506, Warehouse
Withdrawal Conditionally Free of Duty, to reflect Customs elimination
of the two forms. Customs Form 7501, Entry Summary, will be used in
lieu of the eliminated forms.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 10/06/95 60 FR 52294
Final Action Effective 10/06/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Raymond Janiszewski, Office of Trade Compliance,
Department of the Treasury, United States Customs Service, 1301
Constitution Avenue NW., Washington, DC 20229
Phone: 202 927-0380
RIN: 1515-AB80
_______________________________________________________________________
2895. TECHNICAL CORRECTIONS REGARDING CUSTOMS ORGANIZATION
Priority: Other
Legal Authority: 19 USC 66; 19 USC 1624
CFR Citation: 19 CFR 4; 19 CFR 19; 19 CFR 24; 19 CFR 101; 19 CFR 103;
19 CFR 111; 19 CFR 112; 19 CFR 113; 19 CFR 118; 19 CFR 122; 19 CFR 127;
19 CFR 141; 19 CFR 142; 19 CFR 146; 19 CFR 174; ...
Legal Deadline: None
Abstract: Document reflects Customs new organizational structure.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule - Effective
09/30/95 09/27/95 60 FR 50008
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Jerry Laderberg, Operations Officer, Department of the
Treasury, United States Customs Service, 1301 Constitution Avenue NW.,
Washington, DC 20229
Phone: 202 927-0415
RIN: 1515-AB84
BILLING CODE 4820-02-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2896. GRANTOR TRUST REPORTING REQUIREMENTS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: The regulations will provide rules pertaining to the grantor
trust reporting requirements.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-79-93
Drafting attorney: Steven Schneider (202) 622-3060.
Reviewing attorney: Arthur Ernst (202) 622-3060.
Treasury attorney: Elizabeth Wagner (202) 622-1778.
Agency Contact: Steven Schneider, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-4524
RIN: 1545-AS37
_______________________________________________________________________
2897. DEFINITION OF QUALIFIED RESEARCH AND COMPUTATION OF RESEARCH
CREDIT UNDER SECTION 41 OF THE CODE, AFTER 1986 ACT AND 1989 ACT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; PL 101-239, sec 7110
CFR Citation: 26 CFR 602; 26 CFR 1
Legal Deadline: None
Abstract: The regulations provide clarification on the computation of
the research credit under section 41 of the Code as a result of
amendments to section 41 by the Tax Reform Act of 1986 and the Revenue
Reconciliation Act of 1989.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-016-90.
Drafting attorney: Lisa Shuman (202) 622-3120.
Reviewing attorney: Christine Ellison (202) 622-3120.
Agency Contact: Lisa Shuman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3120
Fax: 202 622-4743
RIN: 1545-AO51
_______________________________________________________________________
2898. AVAILABLE UNIT RULE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 0042(h)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations will provide guidance regarding the
available unit rule of section 42(g)(2)(D)(ii) of the Internal Revenue
Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-29-95
Drafting attorney: David Selig (202) 622-3040.
Reviewing attorney: James Ranson (202) 622-3040.
Agency Contact: David Selig, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service
Phone: 202 622-3040
Fax: 202 622-4524
RIN: 1545-AT60
_______________________________________________________________________
2899. AMENDMENT TO THE REGULATIONS UNDER SECTION 61 TO CONFORM THE
TREATMENT OF BOND PREMIUM INCOME TO THE CONSTANT YIELD METHOD
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
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 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-70-88.
Drafting attorney: William Cejudo (202) 622-3940.
Drafting attorney: Jeffrey Maddrey (202) 622-3920.
Reviewing attorney: Andrew Kittler (202) 622-3940.
Reviewing attorney: Bernita Thigpen (202) 622-3920.
Agency Contact: William Cejudo, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-3920
RIN: 1545-AL92
_______________________________________________________________________
2900. LOANS TREATED AS DISTRIBUTIONS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 72
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 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-106-82.
Drafting attorney: Vernon S. Carter (202) 622-6070.
Reviewing attorney: Michael Thrasher (202) 622-6000.
Agency Contact: Vernon S. Carter, Tax Law Specialist, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-6070
RIN: 1545-AE41
_______________________________________________________________________
2901. SECTION 79, TABLE I, UPDATE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 79
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:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
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
Phone: 202 622-6070
RIN: 1545-AN54
_______________________________________________________________________
2902. PERSONAL INJURY DAMAGES
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations would provide guidance to taxpayers
with regard to what types of compensation are excluded from gross
income under section 104(a)(2) as damages received on account of
personal injuries or sickness.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-13-95
Drafting attorney: Sheldon Iskow (202) 622-4920.
Reviewing attorney: Mike Montemurro (202) 622-4920.
Agency Contact: Sheldon Iskow, Tax Law Specialist, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4920
RIN: 1545-AT29
_______________________________________________________________________
2903. CONTINUATION COVERAGE REQUIREMENTS OF GROUP HEALTH PLANS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 106(b); 26 USC 162(i)(2); 26 USC
162(k); 26 USC 4980B
CFR Citation: 26 CFR 1; 26 CFR 54
Legal Deadline: None
Abstract: These regulations will provide guidance relating to the
requirement that a group health plan provide continuation coverage to
individuals who would otherwise lose coverage as a result of certain
events.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/15/87 52 FR 22716
NPRM Comment Period End 08/14/87 52 FR 22716
Hearing 11/04/87
Second NPRM 06/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-143-86.
Drafting attorney: Russell Weinheimer (202) 622-6060.
Review attorney: Mark Schwimmer (202) 622-6060.
Treasury attorney: Mark Hamelburg (202) 622-1341.
Agency Contact: Russell Weinheimer, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-6060
RIN: 1545-AI93
_______________________________________________________________________
2904. CHANGES IN USE UNDER SECTION 168(I)(5)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 168
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide rules relating to the treatment
of changes in use of property subject to section 168, as amended by the
Tax Reform Act of 1986.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-86-86.
Drafting attorney: Kathleen Reed (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Agency Contact: Kathleen Reed, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3110
RIN: 1545-AJ38
_______________________________________________________________________
2905. DEDUCTIBILITY, SUBSTANTIATION, AND DISCLOSURE OF CERTAIN
CHARITABLE CONTRIBUTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 170(f)(8)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations provide guidance regarding the
allowance of certain charitable contribution deductions, the
substantiation requirements for charitable contributions of $250 or
more, and the disclosure requirements for quid pro quo contributions in
excess $75.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/04/95 60 FR 39896
Hearing 11/01/95 60 FR 39896
Final Action 09/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-44-94
Drafting attorney: Jefferson K. Fox (202) 622-4930.
Reviewing attorney: Karin Gross (202) 622-4930.
Treasury attorney: Catherine Livingston (202) 622-1343.
Agency Contact: Jefferson K. Fox, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4930
RIN: 1545-AS95
_______________________________________________________________________
2906. DETERMINATION OF SECTION 30 CREDIT AND SECTION 179A DEDUCTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 179A; 26 USC 30
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 for the section
179A deduction and how to compute this credit and this deduction.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 06/09/93 58 FR 32317
NPRM 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-43-93
Drafting attorney: Winston Douglas (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Agency Contact: Winston Douglas, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3110
RIN: 1545-AR66
_______________________________________________________________________
2907. RULES FOR FARMERS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 263A
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The rules provide general rules regarding the application of
the uniform capitalization rules to taxpayers engaged in farming.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-65-91.
Drafting attorney: Jan Skelton (202) 622-4970.
Reviewing attorney: Don Barnes (202) 622-4970.
Agency Contact: Jan Skelton, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-4970
RIN: 1545-AQ91
_______________________________________________________________________
2908. PRODUCTION OF CREATIVE PROPERTY
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 263A
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The rules provide general rules regarding the application of
the uniform capitalization rules to creative properties.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-66-91.
Drafting attorney: Jan Skelton (202) 622-4970.
Reviewing attorney: Don Barnes (202) 622-4970.
Agency Contact: Jan Skelton, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-4970
RIN: 1545-AQ92
_______________________________________________________________________
2909. FOREIGN TAXPAYERS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 263A
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These rules provide guidance regarding the application of the
uniform capitalization rules to foreign taxpayers.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 03/30/87 52 FR 10118
ANPRM Comment Period End 05/29/87 52 FR 10118
Hearing 12/08/87
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-67-91.
Drafting attorney: Jeffery G. Michell (202) 622-4970.
Reviewing attorney: Don Barnes (202) 622-4970.
Agency Contact: Jeffery G. Mitchell, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-4970
RIN: 1545-AQ93
_______________________________________________________________________
2910. METHOD CHANGE RULES FOR THE UNIFORM CAPITALIZATION RULES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 263A
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These rules provide guidance regarding the method change
requirement of section 263A.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 03/30/87 52 FR 10118
ANPRM Comment Period End 05/29/87 52 FR 10118
Hearing 12/08/87
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-68-91.
Drafting attorney: Cheryl L. Oseekey (202) 622-4970.
Reviewing attorney: Don Barnes (202) 622-4970.
Agency Contact: Cheryl L. Oseekey, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-4970
RIN: 1545-AQ94
_______________________________________________________________________
2911. RECEIPT THRESHOLD FOR TRAVELING EXPENSES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will amend existing regulations section
1.274-5T(c)(2)(iii) to adjust threshold for substantiating traveling
expenses by receipt or other documentary evidence.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-36-95
Drafting attorney: G. Channing Horton (202) 622-4920.
Reviewing attorney: George B. Baker (202) 622-4920.
Agency Contact: G. Channing Horton, Attorney-Advisor (Tax), Department
of the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4940
RIN: 1545-AT84
_______________________________________________________________________
2912. DEMOLITION OF STRUCTURES DEFINITIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 280B
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulation will provide definitions of the terms
``structure'' and ``loss sustained on account of demolition'' for
purposes of section 280B of the Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-39-93
Drafting attorney: Bernard Harvey (202) 622-3110.
Reviewing attorney: Peter Friedman (202) 622-3110.
Agency Contact: Bernard Harvey, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-3110
Fax: 202 622-4524
RIN: 1545-AR63
_______________________________________________________________________
2913. CORPORATE INVERSION TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 337(d)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Treatment of corporate inversion transaction where subsidiary
issues disproportionate number of new shares (shares with a value in
excess of the value of the parent stock received by the subsidiary) to
the shareholder of the inverted parent, thereby diluting the parent
corporation's pre-inversion value.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: CO-35-94
Drafting attorney: Kirsten L. Simpson (202) 622-7790.
Reviewing attorney: Ken Cohen (202) 622-7790.
Treasury attorney: David Weisbach (202) 622-1129.
Agency Contact: Kirsten L. Simpson, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-7790
RIN: 1545-AS91
_______________________________________________________________________
2914. SECTION 351E: DIVERSIFICATION
Priority: Other Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 26 USC 7805; 26 USC 351(e)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Determination of when transfers of stocks and securities do
not result in diversification.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/10/95 60 FR 40794
NPRM Comment Period End 11/08/95 60 FR 40794
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: CO-19-95.
Drafting attorney: Andrew M. Eisenberg (202) 622-7790.
Reviewing attorney: John N. Geracimos (202) 622-7790.
Treasury attorney: David Weisbach (202) 622-1129
Agency Contact: Andrew M. Eisenberg, Attorney/Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-7790
Fax: 202 622-6834
RIN: 1545-AT43
_______________________________________________________________________
2915. FRINGE BENEFIT SOURCING UNDER SECTION 861
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 861
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:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-107-90.
Drafting attorney: Robert W. Lorence (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.
Agency Contact: Robert W. Lorence, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476
RIN: 1545-AO72
_______________________________________________________________________
2916. SECTION 361 OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN
CORPORATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 367
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:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-089-89.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard T. Bress (202) 622-3850.
Treasury attorney: Unassigned.
Agency Contact: Philip Tretiak, Attorney-Adviser, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AM97
_______________________________________________________________________
2917. CERTAIN OUTBOUND TRANSFERS OF DOMESTIC STOCK OR
SECURITIES (CORPORATE INVERSIONS)
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 0367
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will incorporate the principles of Notice 94-
46 into the Internal Revenue Code. This regulation will provide rules
governing the transfer of domestic stock or securities to a foreign
corporation under section 367(a).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-009-95.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.
Agency Contact: Philip Tretiak, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AT42
_______________________________________________________________________
2918. CARRYOVERS OF METHODS OF ACCOUNTING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations provide guidance to taxpayers with respect
to carryovers of methods of accounting in certain corporate
acquisitions.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-013-93
Drafting attorney: Grant Gabriel (202) 622-4970.
Reviewing attorney: Tom Luxner (202) 622-4970.
Agency Contact: Grant Gabriel, Attorney-Adviser (Tax), Department of
the Treasury, Internal Revenue Service, 1111 Contitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4970
RIN: 1545-AT38
_______________________________________________________________________
2919. NONDISCRIMINATION AND OTHER RULES APPLICABLE TO SECTION
403(B) ANNUITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 403(b)(12); 26 USC 7805
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 03/00/96
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
Phone: 202 622-6030
RIN: 1545-AI90
_______________________________________________________________________
2920. ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND
EMPLOYEE CONTRIBUTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Modification of Reg. Section 1.411(c)-1 to reflect GATT
provisions affecting the allocation of accrued benefits between
employer and employee contributions.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-35-95
Drafting attorney: Janet Laufer (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.
Agency Contact: Janet Laufer, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-6060
Fax: 202 622-4617
RIN: 1545-AT82
_______________________________________________________________________
2921. DISCLOSURE GUIDELINES FOR QJSA WAIVER
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
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 03/00/96
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
Phone: 202 622-6070
RIN: 1545-AQ36
_______________________________________________________________________
2922. TREATMENT OF FUNDED WELFARE BENEFIT PLANS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 419; 26 USC 419A; 26 USC 1239 (d); 26 USC 7805
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 09/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-66-84.
Drafting attorney: Janet Laufer (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.
Agency Contact: Janet Laufer, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-6060
RIN: 1545-AG14
_______________________________________________________________________
2923. HYBRID INSTRUMENTS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 446
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation provides accounting rules for hybrid financial
instruments that contain a significant debt component. The regulation
provides accounting rules for hybrid financial instruments that contain
a significant debt component.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
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.
Treasury attorney: David Weisbach (202) 622-1129.
Agency Contact: Alan Munro, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-3950
RIN: 1545-AR13
_______________________________________________________________________
2924. INSTALLMENT OBLIGATIONS RECEIVED FROM LIQUIDATING
CORPORATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 453
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposal would provide rules for reporting gain in respect of
installment obligations received as liquidating distributions from
corporations under a plan of complete liquidation. Additionally
includes rules regarding the allocation of consideration received in a
multiple asset sale if a disposition of any one of the properties would
qualify for installment sale treatment.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/13/84 49 FR 1742
NPRM Comment Period End 03/16/84 49 FR 1742
NPRM 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: IA-38-95.
Drafting attorney: George Wright (202) 622-4950.
Reviewing attorney: Doug Fahey (202) 622-4950.
Treasury attorney: P. Val Strehlow (202) 622-0869.
Agency Contact: George Wright, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4950
RIN: 1545-AB43
_______________________________________________________________________
2925. DEFINITION OF A LONG-TERM CONTRACT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 460(h)
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:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/00/96
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
Phone: 202 622-4970
RIN: 1545-AQ30
_______________________________________________________________________
2926. ESCROW FUNDS AND OTHER SIMILAR FUNDS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Further guidance relating to certain escrow funds and other
similar funds.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-017-93
Drafting attorney: Michael L. Gompertz (202) 622-4910.
Reviewing attorney: Debra Carlisle (202) 622-4910.
Agency Contact: Michael L. Gompertz, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4910
RIN: 1545-AR82
_______________________________________________________________________
2927. DEFINITION OF AN ITEM FOR LIFO
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide guidance to taxpayers with
respect to the definition of an ``item'' for purposes of LIFO
computations and the LIFO inventory price index methods.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-014-93
Drafting Attorney: Grant Gabriel (202) 622-4970.
Reviewing Attorney: Don Barnes (202) 622-4970.
Agency Contact: Grant Gabriel, Attorney-Advisor (Tax), Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4970
RIN: 1545-AT39
_______________________________________________________________________
2928. INTERCOMPANY TRANSFER PRICING FOR SERVICES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will address the transfer pricing of services
between related parties.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-051-92.
Drafting attorney: Sim S. Seo (202) 622-3870.
Reviewing attorney: George Sellinger (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
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AR32
_______________________________________________________________________
2929. MERGER OR DIVISION OF COMMON TRUST FUNDS--SECTION 584
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 584
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 08/10/95 60 FR 40796
NPRM Comment Period End 11/18/95 60 FR 40796
Final Action 06/00/96
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: David Weisbach (202) 622-1129.
Agency Contact: Brian J. O'Connor, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service
Phone: 202 622-3060
Fax: 202 622-4524
RIN: 1545-AQ64
_______________________________________________________________________
2930. INCOME TAXATION OF TRUSTS AND ESTATES
Priority: Other Significant
Legal Authority: 26 USC 672; 26 USC 673
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide rules regarding taxation of
certain grantor trusts.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-108-86.
Drafting attorney: James Quinn (202) 622-3060.
Reviewing attorney: Grace Kim (202) 622-3060.
Agency Contact: James Quinn, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-3060
Fax: 202 622-4524
RIN: 1545-AJ20
_______________________________________________________________________
2931. PARTNERSHIP DISTRIBUTIONS OF MARKETABLE SECURITIES
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 731(c)(7)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Partnerships distributions of marketable securities.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-2-95.
Drafting attorney: William Kostak (202) 622-3080.
Reviewing attorney: William O'Shea (202) 622-3070.
Agency Contact: William M. Kostak, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3080
RIN: 1545-AT19
_______________________________________________________________________
2932. PAYMENTS TO A RETIRING PARTNER OR A DECEASED PARTNER'S
SUCCESSOR IN INTEREST
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 0736; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance for the treatment under
section 736(b)(3) of certain payments to a retiring partner or to a
deceased partner's successor in interest.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-17-95
Drafting attorney: Terri A. Belanger (202) 622-3080.
Reviewing attorney: William P. O'Shea (202) 622-3070.
Agency Contact: Terri A. Belanger, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3080
RIN: 1545-AT31
_______________________________________________________________________
2933. ADJUSTMENTS FOLLOWING SALES OF PARTNERSHIP INTERESTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 743; 26 USC 751; 26 USC 755
CFR Citation: 26 CFR 743; 26 CFR 751; 26 CFR 755
Legal Deadline: None
Abstract: The regulations provide guidance with respect to adjustments
relating to book/tax disparities when partnership interests are sold.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Federal
Additional Information: PS-002-94
Drafting attorney: Brian M. Blum (202) 622-3050.
Reviewing attorney: David R. Haglund (202) 622-3050.
Agency Contact: Brian M. Blum, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-3050
RIN: 1545-AS39
_______________________________________________________________________
2934. REMIC REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 860E; 26 USC 860G
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:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-31-93
Drafting attorney: William P. Cejudo (202) 622-3920.
Reviewing attorney: Marshall Feiring (202) 622-3960.
Treasury attorney: P. Val Strehlow (202) 622-0869.
Agency Contact: William P. Cejudo, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3920
RIN: 1545-AR88
_______________________________________________________________________
2935. RECOMPUTATION OF ALLOCATION AND APPORTIONMENT OF DEDUCTION
FOR STATE INCOME TAXES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 861; 26 USC 862; 26 USC 863
CFR Citation: 26 CFR 1.861-8
Legal Deadline: None
Abstract: These regulations will address acceptable methods of
recomputing allocation and apportionment of deduction for state income
taxes after recomputation of state tax liability.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-009-91.
Drafting attorney: David F. Chan (202) 622-3820.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Carol Doran-Klein (202) 622-7262.
Agency Contact: David F. Chan, Legislative Assistant, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3820
Fax: 202 622-4476
RIN: 1545-AP86
_______________________________________________________________________
2936. TRANSPORTATION INCOME SOURCE RULES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 863
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide rules relating to the source
of income attributable to transportation which begins or ends in the
United States.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-947-86.
Drafting attorney: Patricia A. Bray (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: David Sutherland (202) 622-1754.
Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AJ68
_______________________________________________________________________
2937. SOURCING RULE APPLICABLE TO CERTAIN INSURANCE INCOME
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will source insurance product income
comprising amounts paid or credited to foreign policy holders of
qualified and failed insurance annuity contracts sold by US insurance
companies through foreign branches.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-0093-91.
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Carol Dunahoo (202) 622-0726.
Agency Contact: Mary Gillmarten, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AQ37
_______________________________________________________________________
2938. SECTION 863 REGULATIONS
Priority: Other Significant
Legal Authority: 26 USC 0863
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: To amend regulations under section 863 governing the source
of income for property produced in one jurisdiction and sold in
another.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IL-003-95
Drafting attorney: Anne Shelburne (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.
Agency Contact: Anne Shelburne, Attorney-Adviser, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476
RIN: 1545-AT40
_______________________________________________________________________
2939. TIERED PARTNERSHIP RULES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will address whether a foreign partner in a
tiered partnership arrangement is engaged in a trade or business in the
United States by virtue of membership in that tiered partnership where
the second tier partnership meets the requirements of being in U.S.
trade or business.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-063-90.
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Unassigned.
Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AO26
_______________________________________________________________________
2940. INTEGRATED FINANCIAL TRANSACTION
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 864(e)
CFR Citation: 26 CFR 1.861-10(c)
Legal Deadline: None
Abstract: The regulation addresses whether matched book sale and
repurchase transactions conducted by securities dealers qualify as
integrated financial transactions under section 1.861-10(c).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-001-93.
Drafting attorney: Karl T. Walli (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Unassigned.
Agency Contact: Karl T. Walli, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AR20
_______________________________________________________________________
2941. SOURCE RULES FOR PERSONAL PROPERTY SALES
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 865
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide rules for determining the source
of income from sales of personal property. The regulation will set
forth rules for sales by U.S. residents and non-residents and specify
special rules for depreciable personal property, intangibles, sales
connected with an office or other fixed place of business, and sales of
a foreign affiliate by a U.S. corporation.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-946-86.
Drafting attorney: Carol P. Tello (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.
Agency Contact: Carol P. Tello, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476
RIN: 1545-AJ83
_______________________________________________________________________
2942. DETERMINATION OF SOURCE OF LOSS RESULTING FROM SALE
OF STOCK - SECTION 865
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 0865
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations will provide rules for determining
the source of loss realized on the sale of stock.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: IL-004-95
Drafting Attorney: Seth Goldstein (202) 622-3850.
Reviewing Attorney: Barbara Felker (202) 622-3850.
Treasury Attorney: Carol Doran-Klein (202) 622-1762.
Agency Contact: Seth Goldstein, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washingtion, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AT41
_______________________________________________________________________
2943. INCOME TAX--RECIPROCAL EXEMPTIONS FOR CERTAIN TRANSPORTATION
INCOME
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 883; 26 USC 872
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation would provide rules with respect to whether a
foreign country will be considered to grant a reciprocal Aircraft/
Shipping exemption to U.S. corporations for purposes of section 883 of
the Code, or to U.S. citizens for purposes of section 872 of the Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-948-86.
Drafting attorney: Patricia A. Bray (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: David Sutherland (202) 622-1754.
Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AJ57
_______________________________________________________________________
2944. BANK EXCLUSION FROM PORTFOLIO INTEREST
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 881
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Exception to 30 percent withholding on portfolio interest
does not apply to banks. This regulation will address what a bank is
for purposes of section 881(c)(3)(A).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-080-91.
Drafting attorney: Leslie B. Van Der Wal (202) 622-3850.
Reviewing attorney: Unassigned.
Treasury attorney: Unassigned.
Agency Contact: Leslie B. Van Der Wal, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AQ39
_______________________________________________________________________
2945. CLARIFICATION OF SECTION 883(C) PUBLICLY TRADED EXCEPTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 883
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation would clarify the rules regarding the
publicly traded exception to section 883(c)(1) of the code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-0048-93
Drafting attorney: Patricia A. Bray (202) 622-3840.
Reviewing attorney: Steven A. Musher (202) 622-3840.
Treasury attorney: David Sutherland (202) 622-1754.
Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AR77
_______________________________________________________________________
2946. FINAL REGULATIONS UNDER SECTION 1.884-2
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 884
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will finalize temporary regulations that
provide special rules for termination or incorporation of a U.S. trade
or business or liquidation or reorganization of a foreign corporation
or its domestic subsidiary.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-027-92.
Drafting attorney: Sharon Bomgardner (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: P. Ann Fisher (202) 622-1755.
Agency Contact: Sharon Bomgardner, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AQ73
_______________________________________________________________________
2947. INCOME TAX--PARTNERSHIP RULES REGARDING TAXATION OF FOREIGN
INVESTMENT IN UNITED STATES REAL PROPERTY INTERESTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 897(g); 26 USC 897(e)(2); 26 USC
1445(e)(5)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: To provide rules for foreign partners disposing of an
interest in a partnership holding United States real property
interests, to determine the amount of gain or loss from such
disposition for purposes of section 897(a).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-384-88.
Drafting attorney: Robert Lorence (202) 622-3880.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Unassigned.
Agency Contact: Robert Lorence, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476
RIN: 1545-AL77
_______________________________________________________________________
2948. FIRPTA CLEANUP
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 897; 26 USC 1445
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:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-785-87.
Drafting attorney: Gwendolyn A. Stanley (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Unassigned.
Agency Contact: Gwendolyn A. Stanley, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AJ72
_______________________________________________________________________
2949. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
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:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-338-89.
Drafting attorney: Willard W. Yates (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.
Agency Contact: Willard W. Yates, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AM11
_______________________________________________________________________
2950. EXCLUSION OF POSSESSION SOURCE INCOME FROM GROSS INCOME OF
CERTAIN INDIVIDUALS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This document contains temporary Income Tax Regulations
relating to the determination of bona fide residency of individuals of
the U.S. Virgin Islands.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-069-93.
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: George Sellinger (202) 874-1490.
Treasury attorney: Unassigned.
Agency Contact: Lilo A. Hester, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., Suite
3319, Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896
RIN: 1545-AS42
_______________________________________________________________________
2951. COORDINATION OF U.S. AND VIRGIN ISLANDS INCOME TAXES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 932; 26 USC 931
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This document contains temporary Income Tax Regulations
relating to the determination of bona fide residency of individuals of
American Samoa, the Northern Mariana Islands, Guam and the Virgin
Islands. This action is necessary because changes to the applicable tax
law were made by the Tax Reform Act of 1986.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-070-93
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490
Treasury attorney: Unassigned.
Agency Contact: Lilo A. Hester, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., Suite
3319, Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896
RIN: 1545-AS41
_______________________________________________________________________
2952. OBRA 1993 SECTION 936 REG
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 936(a)(4)
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:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
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 (202) 622-1950.
Agency Contact: Mary Gillmarten, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AS43
_______________________________________________________________________
2953. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 953(d)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide substantive and procedural rules
regarding the election under section 953(d) to treat certain controlled
foreign corporations engaged in the insurance business as domestic
corporations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-765-89.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Carol Dunahoo (202) 622-0726.
Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AO25
_______________________________________________________________________
2954. SUBPART F SHIPPING AMENDMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will address statutory changes under the Tax
Reform Act of 1986, with respect to foreign base company shipping
income and amounts invested in and withdrawn from foreign base company
shipping operations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-654-88.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Phyllis Marcus (202) 622-3840.
Treasury attorney: Unassigned.
Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AM46
_______________________________________________________________________
2955. EARNINGS INVESTED IN EXCESS PASSIVE ASSETS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 956A
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide guidance on the treatment of
earnings in excess passive assets.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-067-93.
Drafting attorney: Kristine K. Schlaman (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Patricia Brown (202) 622-1781.
Agency Contact: Kristine K. Schlaman, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AS47
_______________________________________________________________________
2956. COORDINATION OF PRE-1987 DEEMED PAID TAXES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will state cooordination rules for computing
deemed paid taxes on distributions and deemed distributions of foreign
corporations' earnings and profits from the same pre-1987 year.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IL-037-95
Drafting attorney: Irwin Halpern (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Carol Doran Klein (202) 622-1762.
Agency Contact: Irwin Halpern, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AT85
_______________________________________________________________________
2957. DETERMINATION OF FOREIGN TAXES AND FOREIGN CORPORATIONS'
EARNINGS AND PROFITS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide rules for translating foreign
earnings and profits and taxes into dollars, as well as timing and
computation rules relating to the taxation of exchange gain or loss on
previously taxed income that is distributed through a chain of
controlled foreign corporations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-107-89.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Unassigned.
Agency Contact: Jacob Feldman, Attorney Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AN37
_______________________________________________________________________
2958. STOCK REDEMPTION INCIDENT TO DIVORCE
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide guidance regarding whether
transfers of property to third parties on behalf of a spouse or former
spouse qualify for section 1041 no-gain treatment.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-011-95
Drafting Attorney: Susie Bird (202) 622-4960.
Reviewing Attorney: William A. Jackson (202) 622-4960.
Agency Contact: Susie Bird, Attorney-Adviser (Tax), Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4940
RIN: 1545-AT24
_______________________________________________________________________
2959. AMENDMENT OF REGULATIONS UNDER IRC SECTION 1059A
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will amend the regulations under section
1059A to reflect changes in the section 482 regulations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-009-94.
Drafting attorney: W. Edward Williams (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490.
Treasury attorney: Unassigned.
Agency Contact: W. Edward Williams, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW.,
Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896
RIN: 1545-AS89
_______________________________________________________________________
2960. PARTNERSHIPS AND DEPRECIATION RECAPTURE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide guidance on how partnerships
shall allocate depreciation recapture income.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-15-95
Drafting attorney: Deborah A. Harrington (202) 622-3050.
Reviewing attorney: Claire E. Toth (202) 622-3050.
Treasury attorney: John Rooney (202) 622-1335.
Agency Contact: Deborah A. Harrington, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3050
RIN: 1545-AT32
_______________________________________________________________________
2961. SECTION 1248 - GAIN FROM SALE OR EXCHANGE OF STOCK IN FOREIGN
CORPORATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1248; 26 USC 751
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:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-42-86.
Drafting attorney: Unassigned.
Reviewing attorney: Elizabeth Karzon (202) 622-3860.
Treasury attorney: Unassigned.
Agency Contact: Charles P. Besecky, Branch Chief, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AC31
_______________________________________________________________________
2962. GAINS FROM CERTAIN SALES OR EXCHANGES IN CERTAIN FOREIGN
CORPORATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Temporary regulations that amend the regulations under
section 1248 to partially suspend the application of section 1248(e)
and to limit the application of section 1248(f) to those situations in
which gain is not required.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-039-87.
Drafting attorney: David F. Bergkuist (202) 622-3860.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Unassigned.
Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AL89
_______________________________________________________________________
2963. INCOME TAX--GAIN FROM DISPOSITION OF INTEREST IN OIL, GAS,
GEOTHERMAL, OR OTHER MINERAL PROPERTIES BY S CORPORATIONS AND THEIR
SHAREHOLDERS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 1254; 26 USC 751
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will determine the tax treatment by S
corporations and their shareholders from the disposition of certain
oil, gas, geothermal, or other mineral properties. Gain subject to
recapture under section 1254 will be accorded ordinary income
treatment. The regulations also will determine the tax treatment of
sales of shares of stock in an S corporation that holds oil, gas,
geothermal, or other mineral properties.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: PS-7-89.
Drafting attorney: James A. Quinn (202) 622-3060.
Reviewing attorney: Arthur H. Ernst (202) 622-6060.
Treasury attorney: Elizabeth Wagner (202) 622-1778.
Agency Contact: James A. Quinn, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3060
Fax: 202 622-4524
RIN: 1545-AM98
_______________________________________________________________________
2964. DISPOSITION GAIN REPRESENTING ACCRUED MARKET DISCOUNT TREATED
AS ORDINARY INCOME; DEFERRAL OF INTEREST DEDUCTION ALLOCABLE TO ACCRUED
MARKET DISCOUNT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1276; 26 USC 1278
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:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: FI-21-85.
Drafting attorney: William Cejudo (202) 622-3920.
Drafting attorney: Jeffrey Maddrey (202) 622-3940.
Reviewing attorney: Bernita Thigpen (202) 622-3920.
Reviewing attorney: Andrew Kittler (202) 622-3940.
Treasury attorney: P. Val Strehlow (202) 622-0869.
Agency Contact: William Cejudo, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3920
RIN: 1545-AH82
_______________________________________________________________________
2965. QEF SHAREHOLDER ELECTION
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 1295
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will address QEF shareholder election as it
applies to section 1295.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-579-88.
Drafting attorney: Joseph S. Henderson (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.
Agency Contact: Joseph S. Henderson, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476
RIN: 1545-AM41
_______________________________________________________________________
2966. INCOME TAX--DEFINITIONS AND SPECIAL RULES PERTAINING TO S
CORPORATIONS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 1377
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Regulations will define and interpret special rules contained
in Section 1377 of the Code, including pro rata share, the election to
terminate a year and post-termination period.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/12/95 60 FR 35882
NPRM Comment Period End 10/10/95 60 FR 35882
Final Action 06/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-268-82.
Drafting attorney: Brian J. O'Connor (202) 622-3060.
Reviewing attorney: H. Grace Kim (202) 622-3060.
Treasury attorney: John Rooney (202) 622-1335.
Agency Contact: Brian J. O'Connor, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4524
RIN: 1545-AE94
_______________________________________________________________________
2967. GENERAL REVISION OF SECTION 1441 REGULATIONS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: General revision of section 1441 withholding regulations to
accommodate changes to the tax law since these rules were issued.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 04/25/90 55 FR 17455
NPRM 06/00/96
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: INTL-062-90.
Drafting attorney: Robert Lorence (202) 622-3880.
Reviewing attorney: Christine Halphen (202) 622-3810.
Treasury attorney: Carol Doran Klein (202) 622-1762 and
Ann Fisher (202) 622-1755.
Agency Contact: Robert Lorence, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476
RIN: 1545-AO27
_______________________________________________________________________
2968. SECTION 1445 REGULATION REVISIONS DUE TO 1993 TAX ACT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The withholding rates in sections 1.1445-5 and 1.1445-8 need
to be increased from 34% to 35% to reflect the amendment to sections
1445(c)(1) and (e)(2).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-008-94
Drafting attorney: Gwendolyn Stanley (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Unassigned.
Agency Contact: Gwendolyn Stanley, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AS51
_______________________________________________________________________
2969. REGULATIONS UNDER SECTIONS 1491, 1492, AND 1494
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1491; 26 USC 1492; 26 USC 1494
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The purpose of these regulations is to provide guidance to
taxpayers regarding both the types of outbound property transfers that
are subject to the tax imposed by section 1491 and the types of
outbound property transfers that are exempt from the tax by reasons of
section 1492.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: Undetermined
Additional Information: INTL-102-89.
Drafting attorney: Gwendolyn A. Stanley (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Unassigned.
Agency Contact: Gwendolyn A. Stanley, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AN39
_______________________________________________________________________
2970. SECTION 1.1502-47 REGULATIONS--SUPPLEMENTAL
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide guidance on the proper
computation of the foreign tax credit limitation amount for life/non-
life consolidated returns.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-025-93
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Unassigned.
Agency Contact: Mary Gillmarten, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AR89
_______________________________________________________________________
2971. MEMBER STOCK TRANSACTIONS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The rules disallow loss and exclude gain for certain
dispositions and other transactions involving stock of the common
parent of a consolidated group. The rules prevent taxpayers from
recognizing certain gains and losses on common parent stock that would
not be recognized if a consolidated group were treated as a single
entity.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/12/95 60 FR 36755
NPRM Comment Period End 10/16/95 60 FR 36755
Hearing 11/16/95 60 FR 36755
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: CO-24-95.
Drafting attorney: David Kessler (202) 622-7770.
Reviewing attorney: Victor Penico (202) 622-7750.
Treasury attorney: David Weisbach (202) 622-1129.
Agency Contact: Victor Penico, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-7750
Fax: 202 622-6834
RIN: 1545-AT51
_______________________________________________________________________
2972. APPLICATIONS OF SECTION 1503(D) TO PARTNERSHIPS AND OTHER
ITEMS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Determination of when and how section 1503(d), treatment of
dual consolidated losses, will apply to partnerships.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-037-92.
Drafting attorney: Joan M. Thomsen (202) 622-3840.
Reviewing attorney: Steven A. Musher (202) 622-3840.
Treasury attorney: Unassigned.
Agency Contact: Joan M. Thomsen, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AR26
_______________________________________________________________________
2973. SITUS OF PARTNERSHIP INTERESTS HELD BY A NONRESIDENT ALIEN
FOR ESTATE TAX PURPOSES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 2104; 26 USC 2105
CFR Citation: 26 CFR 20
Legal Deadline: None
Abstract: This regulation will determine the amount of partnership
interests that will have a United States situs for estate tax purposes.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-079-90.
Drafting attorney: Leslie A. Cracraft (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Carol Dunahoo (202) 622-0726.
Agency Contact: Leslie A. Cracraft, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AP07
_______________________________________________________________________
2974. TREATMENT OF CERTAIN DEFERRED COMPENSATION AND SALARY
REDUCTION ARRANGEMENTS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 6302 (c)
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: Proposal would provide rules concerning the treatment of
certain deferred compensation and salary reduction arrangements under
section 3121 (v) and section 3306 (r) of the Internal Revenue Code of
1954, thereby giving needed guidance to the public on how the Internal
Revenue Service intends to interpret those sections of the Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-142-87.
Drafting attorney: David Pardys (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Elizabeth Buchbinder (202) 622-1352.
Agency Contact: David Pardys, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-6040
RIN: 1545-AF97
_______________________________________________________________________
2975. LUXURY EXCISE TAX CHANGES UNDER OBRA 1993
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 4003
CFR Citation: 26 CFR 48
Legal Deadline: None
Abstract: These regulations implement the exemption from luxury tax for
accessories for handicapped individuals and other matters.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Businesses
Government Levels Affected: Undetermined
Additional Information: PS-75-93
Drafting attorney: Edward Madden (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.
Agency Contact: Edward Madden, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AS34
_______________________________________________________________________
2976. DIESEL FUEL EXCISE TAX; DYE INJECTION SYSTEMS AND MARKERS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 4082
CFR Citation: 26 CFR 48
Legal Deadline: None
Abstract: Diesel fuel excise tax;rules relating to the use of dye
injection systems and markers.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: PS-6-95.
Drafting attorney: Frank K. Boland (202) 622-3130.
Reviewing attorney: Richard A. Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.
Agency Contact: Frank K. Boland, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AT18
_______________________________________________________________________
2977. EXCISE TAX ON AVIATION FUEL
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 4091 to 4093
CFR Citation: 26 CFR 48
Legal Deadline: None
Abstract: This regulation provides rules on aviation fuel taxes under
the Revenue Act of 1987, the Technical and Miscellaneous Revenue Act of
1988, and OBRA 1993.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Businesses
Government Levels Affected: State, Local, Federal
Additional Information: PS-3-88.
Drafting attorney: Frank Boland (202) 622-3130.
Reviewing attorney: Dick Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.
Agency Contact: Frank Boland, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AL43
_______________________________________________________________________
2978. CHEMICAL TAX UNDER SECTION 4461 AND IMPORTED SUBSTANCE TAX
UNDER SECTION 4671
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 4671; 26 USC 4661
CFR Citation: 26 CFR 52
Legal Deadline: None
Abstract: These proposed regulations relate to taxable chemicals and
taxable imported substances.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-71-88.
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Jeff Nelson (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.
Agency Contact: Ruth Hoffman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AL73
_______________________________________________________________________
2979. INFORMATION REPORTING AND RECORD MAINTENANCE UNDER SECTION
6038C
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 7801; 26 USC 6038(c)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation project will implement the directives of
section 6038C.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: INTL-102-90.
Drafting attorney: Richard Hoge (202) 622-3870.
Reviewing attorney: Karl Walli (202) 622-3870.
Treasury attorney: Karl Walli (202) 622-6409.
Agency Contact: Richard C. Hoge, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AP10
_______________________________________________________________________
2980. DISCLOSURE OF RETURNS AND RETURN INFORMATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6103
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: This document amends existing regulation 26 CFR 301.6103(n)-1
and would add officers and employees of the Justice Department having
tax administration duties to those persons and agencies authorized to
disclose returns and return information in connection with the
procurement of property and services for tax administration purposes.
Currently, such disclosures by the Justice Department are limited to
the Tax Division.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: DL-040-95
Drafting attorney: Donald Squires (202) 622-4570.
Reviewing attorney: Joseph Urban (202) 622-4570.
Agency Contact: Donald Squires, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-4570
RIN: 1545-AT48
_______________________________________________________________________
2981. REVISION OF SECTION 6114 REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: To revise the final regulations under section 6114 to require
reporting for certain recipients of fixed or determinable annual or
periodic income when no reporting is presently required.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-052-94.
Drafting attorney: David F. Bergkuist (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Unassigned.
Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AT00
_______________________________________________________________________
2982. SELECTION OF TAX MATTERS PARTNER FOR LIMITED LIABILITY
COMPANIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6230(i); 26 USC 6230(k); 26 USC 7805(a)
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulations will provide (1) who an LLC may designate as
its tax matters partner for a specific taxable year, (2) how the
designation is made and (3) how the designation is terminated.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Federal
Additional Information: PS-34-92
Drafting attorney: D. Lindsay Russell (202) 622-3050.
Reviewing attorney: Dianna K. Miosi (202) 622-3050.
Treasury attorney: John Rooney (202) 622-1335.
Agency Contact: D. Lindsay Russell, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3050
RIN: 1545-AS09
_______________________________________________________________________
2983. UPDATE OF LIST OF LEGAL HOLIDAYS FOR PURPOSES OF TIME FOR
PERFORMANCE OF ACTS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: These regulations will update existing regulations section
301.7503-1 to include Dr. Martin Luther King, Jr.'s birthday in the
table of holidays and to change the date of Veterans Day to November
11.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-36-91
Drafting attorney: Judith Lintz (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.
Agency Contact: Judith A. Lintz, Attorney-Adviser (Tax), Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4940
RIN: 1545-AT22
_______________________________________________________________________
2984. EXTENSION OF STATUTE OF LIMITATIONS IN JOHN DOE SUMMONS
DISPUTES
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: Under the Tax Reform Act of 1986, statutes of limitations are
suspended in certain cases in which there is no resolution of a third-
party recordkeeper's response to a summons. Section 7609(e)(2) was
amended by the Technical and Miscellaneous Revenue Act of 1988 so that
the suspension applies to all John Doe summonses, whether or not the
summoned party is a third-party recordkeeper as defined in IRC section
7609(a)(3). The new regulations will make changes to 26 CFR 301.7609 to
conform with the 1986 and 1988 amendments.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: GL-723-88.
Drafting attorney: Jerome D. Sekula (202) 622-3640.
Reviewing attorney: Robert Miller (202) 622-3640.
Agency Contact: Jerome D. Sekula, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3640
RIN: 1545-AM67
_______________________________________________________________________
2985. SUSPENSION OF RUNNING OF PERIOD OF LIMITATIONS DURING
PROCEEDING TO ENFORCE DESIGNATED SUMMONS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulations will provide guidance to taxpayers with
regard to the changes made to section 6503 by the Omnibus Budget
Reconciliation Act of 1990. Under those changes, the period of
limitations for assessment with respect to a corporation is suspended
when a court proceeding is instituted to enforce or quash a designated
summons or related summons issued within 30 days of the issuance of the
designated summons.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: GL-026-91.
Drafting attorney: Jerome D. Sekula (202) 622-3640.
Reviewing attorney: Robert A. Miller (202) 622-3640.
Agency Contact: Jerome D. Sekula, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3640
RIN: 1545-AQ01
_______________________________________________________________________
2986. TECHNICAL CORRECTIONS FOR CHAPTER 14
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 25
Legal Deadline: None
Abstract: The regulation relates to the special valuation rules of the
Generation Skipping Transfer Tax under sections 2701, 2702, 2703 and
2704 of the Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-8-93.
Drafting attorney: Dale Carlton (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Agency Contact: Dale Carlton, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3090
RIN: 1545-AR49
_______________________________________________________________________
2987. DISCLAIMER OF INTERESTS AND POWER
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 25
Legal Deadline: None
Abstract: These regulations contain amendments regarding the disclaimer
of jointly owned property.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-002-91
Drafting attorney: Dale Carlton (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Agency Contact: Dale Carlton, Department of the Treasury, Internal
Revenue Service, 1111 Constitution Ave. NW., Washington, DC 20224
Phone: 202 622-3090
RIN: 1545-AR52
_______________________________________________________________________
2988. AUTOMATIC EXTENSION OF TIME FOR FILING INDIVIDUAL TAX RETURNS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1.6081-4
Legal Deadline: None
Abstract: The regulating describes how individual taxpayers for taxable
year beginning.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: IA-41-93
Drafting Attorney: Margaret Owens (202) 622-4940.
Reviewing Attorney: Norlyn Miller (202) 622-4940.
Agency Contact: Margaret Owens, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4940
RIN: 1545-AS04
_______________________________________________________________________
2989. AUTOMATIC EXTENSION OF TIME FOR FILING INDIVIDUAL TAX RETURNS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1.6081-4
Legal Deadline: None
Abstract: The regulation describes how individual taxpayer for taxable
year beginning.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 06/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: IA-41-93
Drafting attorney: Margaret Owens (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.
Agency Contact: Margaret Owens, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4940
RIN: 1545-AS05
_______________________________________________________________________
2990. ARBITRAGE RESTRICTION ON TAX-EXEMPT BONDS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 148(f); 26 USC 148(i); 26 USC
149(d)(7); 26 USC 150
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This project clarifies and revises certain provisions of the
final arbitrage regulations published in June 1993.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/10/94 59 FR 24094
Hearing 10/12/95 60 FR 42819
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: State, Local
Additional Information: FI-7-94.
Drafting attorney: Loretta J. Finger (202) 622-3980.
Reviewing attorney: Michael G. Bailey (202) 622-3980.
Agency Contact: Loretta J. Finger, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3980
RIN: 1545-AS49
_______________________________________________________________________
2991. INTANGIBLE AMORTIZATION
Priority: Other Significant
Legal Authority: 26 USC 7805; PL 103-66
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: An advance notice of proposed rulemaking invited written
comments from the public on issues that the IRS may address in proposed
regulations under section 197 and section 167, relating to the
amortization of goodwill and certain other intangibles. This notice was
intended to help develop guidance to assist taxpayers in applying the
rules relating to section 197. Based on internal analysis of the
written comments proposed regulations are now in development.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 06/24/94 59 FR 32670
ANPRM Comment Period End 08/23/94
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-29-94
Drafting attorney: John Huffman (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Treasury attorney: John Parcell (202) 622-2578.
Agency Contact: John Huffman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Consitution Ave. NW., Washington, DC
20224
Phone: 202 622-3110
RIN: 1545-AS77
_______________________________________________________________________
2992. REISSUANCE OF QUALIFIED TENDER BONDS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1.150
Legal Deadline: None
Abstract: The proposed regulations provide rules for determining
whether certain events will cause ``qualified tender bonds'' to be
treated as retired and reissued for purposes of applying sections 103,
141-150, 1394, and 7871 and whether banks have acquired tax exempt
bonds under section 265.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: State, Local, Tribal
Additional Information: FI-58-94.
Drafting attorney: Nancy Lashnits (202) 622-3980.
Reviewing attorney: Lon Smith (202) 622-3980.
Agency Contact: Nancy Lashnits, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington DC
20224
Phone: 202 622-3980
RIN: 1545-AT09
_______________________________________________________________________
2993. PASS THROUGH ITEMS OF S CORPORATION TO ITS
SHAREHOLDERS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation deals with the pass through of items of an S
corporation to its shareholders, the character of those items, and the
basis limitation on losses and deductions taken into account by the
shareholders.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: Businesses
Government Levels Affected: Undetermined
Additional Information: PS-261-82
Drafting attorney: Deane Burke (202) 622-3080.
Reviewing attorney: Donna Young (202) 622-3080.
Treasury attorney: Seth Green (202) 622-0865.
Agency Contact: Deane M. Burke, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service
Phone: 202 622-3080
RIN: 1545-AT52
_______________________________________________________________________
2994. TREATMENT OF UNDERWRITERS IN SECTION 351 AND SECTION
721
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 351; 26 USC 721
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to underwriters who will be ignored
for purposes of section 351 and section 721.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/10/95 60 FR 40792
NPRM Comment Period End 11/18/95 60 FR 40792
Hearing 01/17/96 60 FR 40792
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: CO-26-95.
Drafting attorney: Susan Edlavitch (202) 622-7750.
Drafting attorney: Brian O'Connor (202) 622-3060.
Reviewing attorney: Nelson Crouch (202) 622-7750.
Agency Contact: Susan T. Edlavitch, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-7750
RIN: 1545-AT55
_______________________________________________________________________
2995. EXCISE TAX ON HEAVY TRUCKS, TRUCK TRAILERS AND
SEMITRAILERS, AND TRACTORS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 48
Legal Deadline: None
Abstract: These regulations relate to the retailers excise tax on
certain heavy vehicles.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-17-86
Drafting attorney: Edward Madden (202) 622-3130.
Reviewing attorney: Jeffrey Nelson (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.
Agency Contact: Edward Madden, Department of the Treasury, Internal
Revenue Service
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AT63
_______________________________________________________________________
2996. TIMING OF NOTICE AND CONSENT REQUIREMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provide relief to employers on timing of notice and consent
requirements under sections 411(a) and 417.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: EE-24-93
Drafting attorney: Judith E. Alden (202) 622-6030.
Agency Contact: Judith Alden, Department of the Treasury, Internal
Revenue Service
Phone: 202 622-6030
RIN: 1545-AT75
_______________________________________________________________________
2997. EFFECTIVE DATE OF TEMPORARY BACKUP WITHHOLDING
REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 31; 26 CFR 35a
Legal Deadline: None
Abstract: To provide effective date for temporary regulations on backup
withholding.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: None
Government Levels Affected: Undetermined
Additional Information: IA-33-95
Drafting attorney: Renay France (202) 622-4910.
Reviewing attorney: John Coulter (202) 622-4910.
Treasury attorney: Elizabeth Wagner (202) 622-1778.
Agency Contact: Renay France, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-4910
RIN: 1545-AT77
_______________________________________________________________________
2998. ERISA SEC. 204(H) NOTICE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 2
Legal Deadline: None
Abstract: The regulations provide guidance on the requirement of
section 204(h) of ERISA that advance notice be given to qualified plan
participants of an amendment that provides for a significant reduction
in the rate of future benefit accruals.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: EE-34-95
Drafting attorney: Betty Clary (202) 622-6070.
Reviewing attorney: Alan Tawshunsky (202) 622-6070.
Agency Contact: Betty Clary, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-6070
RIN: 1545-AT78
_______________________________________________________________________
2999. ERISA SEC. 204(H) NOTICE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 2
Legal Deadline: None
Abstract: The regulations provide guidance on the requirement of
section 204(h) of ERISA that advance notice be given to qualified plan
participants of an amendment that provides for a significant reduction
in the rate of future benefit accruals.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 10/00/95
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: EE-34-95
Drafting attorney: Betty Clary (202) 622-6070.
Reviewing attorney: Alan Tawshunsky (202) 622-6070.
Agency Contact: Betty Clary, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-6070
RIN: 1545-AT79
_______________________________________________________________________
3000. REGULATIONS ON INCOME TAX UNDER THE TAX REFORM ACT OF 1984,
RELATING TO BELOW-MARKET LOANS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 7872
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations provide guidance to taxpayers who enter
into certain below-market interest rate loan transactions. The
regulations explain what type of transactions are treated as loans and
what type of loans are subject to the provisions of section 7872. If
the loan is subject to section 7872, the below-market loan will be
recharacterized as an arm's length market-interest rate loan coupled
with a payment by the lender to the borrower in an amount generally
equal to the amount of imputed interest. The regulations provide rules
for determining the amount and the character of the imputed transfers.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/20/85 50 FR 33553
NPRM Comment Period End 10/20/85 50 FR 33553
Hearing 01/09/86 50 FR 46460
NPRM 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-165-84.
Drafting attorney: David B. Silber (202) 622-3930.
Reviewing attorney: William Coppersmith (202) 622-3930.
Agency Contact: David B. Silber, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-3930
RIN: 1545-AH72
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
3001. STATEMENT OF PROCEDURAL RULES--PART 601.702
Priority: Other Significant
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 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: DL-041-95
Drafting attorney: Margo L. Stevens (202) 622-4570.
Agency Contact: Margo L. Stevens, Attorney, Department of the Treasury,
Internal Revenue Service
Phone: 202 622-4570
RIN: 1545-AR99
_______________________________________________________________________
3002. THE TREATMENT OF ACCELERATED DEATH BENEFITS UNDER SECTIONS
101, 7702 AND 7702A OF THE INTERNAL REVENUE CODE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 101(a); 26 USC 7702; 26 USC 7702A
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide rules regarding the exclusion of
accelerated death benefits from gross income and the treatment of
accelerated death benefits under section 7702 and 7702A of the Internal
Revenue Code. The regulations also provide rules relating to the cash
value taken into account in determining whether a contract qualifies as
a life insurance contract for purposes of the Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/15/92 57 FR 59319
NPRM Comment Period End 02/26/93 57 FR 59324
Hearing 03/19/93 57 FR 59324
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-25-92.
Drafting attorney: Ann H. Logan (202) 622-3970.
Reviewing attorney: Stephen D. Hooe (202) 622-3970.
Treasury attorney: Beth Brooke (202) 622-1332
Agency Contact: Ann H. Logan, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-3970
RIN: 1545-AQ70
_______________________________________________________________________
3003. DEFINITION OF ``PRIVATE ACTIVITY BOND'', ``QUALIFIED BOND''
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 141; 26 USC 142; 26 USC 145; 26
USC 1344; 26 USC 148; 26 USC 150
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 12/30/94 59 FR 67658
NPRM Comment Period End 05/01/95 59 FR 67658
Hearing 06/08/95 59 FR 67658
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: State, Local, Tribal
Additional Information: FI-72-88.
Drafting Attorney: Loretta J. Finger (202) 622-3980.
Reviewing Attorney: Mike Bailey (202) 622-3980.
Agency Contact: Loretta J. Finger, Attorney/Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3980
RIN: 1545-AM01
_______________________________________________________________________
3004. MILLION-DOLLAR CAP ON DEDUCTION FOR EXECUTIVE COMPENSATION
Priority: Other Significant
Legal Authority: 26 USC 162(m)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide rules relating to the
$1,000,000 deduction limit of section 162(m).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/20/93 58 FR 66310
NPRM Comment Period End 02/18/94
NPRM 12/02/94 59 FR 61844
Final Action 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: EE-61-93
Drafting attorneys: Charles Deliee and Robert Misner
(202)622-6060
Agency Contact: Robert Misner, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-6060
RIN: 1545-AS23
_______________________________________________________________________
3005. EARNINGS STRIPPING PAYMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation addresses the deductibility of interest under
section 163 being limited when paid by a corporation to related persons
not subject to U.S. tax.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/18/91 56 FR 27907
Hearing 09/25/91 56 FR 27927
Final Action 02/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-870-89.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: David Sutherland (202) 622-1754.
Agency Contact: Jacob Feldman, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AO24
_______________________________________________________________________
3006. SECTION 165
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 165(f)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation project will finalize all outstanding
proposed and temporary regulations under section 1.165-5.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/21/93 58 FR 5316
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-115-90.
Drafting attorney: Carl M. Cooper (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Unassigned.
Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AP33
_______________________________________________________________________
3007. SUBSTANTIATION OF CONTRIBUTIONS MADE BY PAYROLL DEDUCTION
Priority: Substantive, Nonsignificant
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 05/27/94 59 FR 27515
Hearing 11/10/94 52 FR 27458
Final Action 10/00/95
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: IA-74-93
Drafting Attorney: Jefferson K. Fox (202) 622-4930.
Reviewing Attorney: Karin Gross (202) 622-4930.
Agency Contact: Jefferson K. Fox, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4930
RIN: 1545-AS27
_______________________________________________________________________
3008. SELF-EMPLOYMENT TAX TREATMENT OF MEMBERS OF CERTAIN LIMITED
LIABILITY COMPANIES
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation described the self-employment tax treatment
of members of limited liability companies.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/29/94 59 FR 67253
NPRM Comment Period End 03/29/95 60 FR 7488
Final Action 03/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: EE-45-94.
Drafting attorney: Marie Cashman (202) 622-6040.
Reviewing attorney: Jerry E. Holmes (202) 622-6040.
Treasury attorney: Mark Hamelburg (202) 622-1341.
Agency Contact: Marie Cashman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-6040
RIN: 1545-AS94
_______________________________________________________________________
3009. GOLDEN PARACHUTE PAYMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 280G
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide rules relating to restrictions
on golden parachute payments. The regulations will provide guidance to
taxpayers, who must comply with section 280G, by delineating the
circumstances under which payments may be considered excess parachute
payments.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/05/89 54 FR 19390
NPRM Comment Period End 07/05/89 54 FR 19390
Hearing 11/21/89 54 FR 39548
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-30-90.
Drafting attorney: Robert Misner (202) 622-6060.
Agency Contact: Robert Misner, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-6060
RIN: 1545-AH49
_______________________________________________________________________
3010. TREATMENT OF PREMIUMS ON STOCK CALLABLE AT THE OPTION OF THE
ISSUER
Priority: Other Significant
Legal Authority: 26 USC 305(c)(1)
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:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/22/94 59 FR 22160
NPRM Comment Period End 10/24/94 59 FR 22160
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: CO-008-91.
Drafting attorney: Kirsten L. Simpson (202) 622-7790.
Reviewing attorney: William Alexander (202) 622-7780.
Treasury attorney: Clarissa Potter (202) 622-0999.
Agency Contact: Kirsten L. Simpson, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-7790
RIN: 1545-AQ42
_______________________________________________________________________
3011. 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
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 337(d)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will implement the guidance provided in Notice
89-37, 1989-1 C.B. 679, on the treatment of the receipt of a
corporation partner's stock by other corporation partner in exchange
for appreciated property from the other corporation partner.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM Comment Period End 01/20/92 57 FR 59327
NPRM 12/15/92 57 FR 59324
Final Action 03/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: CO-91-90.
Drafting attorney: Brendan O'Hara (202) 622-7530.
Reviewing attorney: Vicki Hyche (202) 622-7530.
Agency Contact: Brendan O'Hara, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-7530
RIN: 1545-AP52
_______________________________________________________________________
3012. YOC HEATING
Priority: Other Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 26 USC 7805; 26 USC 338
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This project proposes rules under section 338 regarding the
treatment of the transfer of target assets to the purchasing
corporation or another member of the same affiliated group as the
purchasing corporation after a qualified stock purchase of target
stock, if a section 338 election is not made.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 02/17/95 60 FR 9309
NPRM Comment Period End 05/19/95 60 FR 9309
Hearing 06/07/95 60 FR 9309
Final Action 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: CO-62-94.
Drafting Attorney: Steven Flanagan (202) 622-7790.
Reviewing Attorney: William Alexander (202) 622-7790
Treasury Attorney: David Weisbach (202) 622-1129
Agency Contact: Steven Flanagan, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-7790
RIN: 1545-AT15
_______________________________________________________________________
3013. DEEMED PURCHASE PRICE WHEN CERTAIN STOCK PURCHASES ARE
TREATED AS ASSET ACQUISITIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 338
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposal will prescribe rules for computing the basis of
stock purchased in certain stock acquisitions and for allocating this
basis among the assets of the corporation whose stock was thus
acquired.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/29/86 51 FR 23790
NPRM Comment Period End 09/02/86
Final Action 09/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: CO-191-82.
Drafting attorney: Andrew Eisenberg (202) 622-7790.
Reviewing attorney: William Alexander (202) 622-7780.
Agency Contact: Andrew Eisenberg, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-7790
RIN: 1545-AF29
_______________________________________________________________________
3014. AMENDMENT OF SECTION 1.338-5T REGULATIONS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 338
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will address problems that have surfaced in
the section 1.338-5T regulations since their publication, issues raised
by the repeal of the General Utilities doctrine, as well as issues
presented by the passage of section 338(h)(16) in 1988.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/20/94 59 FR 3045
Final Action 01/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: INTL-177-90.
Drafting attorney: Kenneth D. Allison (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Unassigned.
Agency Contact: Kenneth D. Allison, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AO73
_______________________________________________________________________
3015. INCOME TAX--TRIANGULAR REORGANIZATIONS, BASIS AND OTHER
CONSEQUENCES
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 358; 26 USC 1032; 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations provide rules for adjusting the basis of a
controlling corporation in the stock of a controlled corporation as the
result of certain triangular reorganizations involving the stock of the
controlling corporation. The regulations also provide in certain
circumstances for nonrecognition of gain to the controlled corporation
on its use of controlling corporation stock in such reorganizations.
The regulations also provide a special rule for adjusting the
controlling corporation's basis in the stock of the controlled
corporation when certain parties to the reorganization are members of a
consolidated group
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/23/94 59 FR 66280
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: CO-993-71.
Drafting attorney: Rose Williams (202) 622-7550.
Reviewing attorney: David Madden (202) 622-7540.
Treasury attorney: Michael Thomson (202) 622-1334.
Agency Contact: Rose Williams, Assistant to the Branch Chief,
Department of the Treasury, Internal Revenue Service, 1111 Constitution
Ave. NW., Washington, DC 20224
Phone: 202 622-7550
RIN: 1545-AB21
_______________________________________________________________________
3016. 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)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 367
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The Income Tax Regulations under section 367 will be amended
to reflect the changes made to that section by the Tax Reform Act of
1984. Section 367 now provides generally that a foreign corporation
will not be considered to be a corporation, for purposes of certain
nonrecognition provisions of the Code, upon the transfer of property to
such corporation by a U.S. person. The statute provides certain
exceptions to that rule, exemptions to those exceptions, and special
rules applicable to certain specified transfers. The regulations will
provide guidance concerning the applicability of the general rule and
its exceptions and special rules, including guidance concerning
transfers of assets for use in the active conduct of a trade or
business, stock transfers, transfers of intangible assets, and
transfers of branch operations that have operated at a loss.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/16/86 51 FR 17990
Final Action 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-610-86.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Unassigned.
Agency Contact: Philip Tretiak, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AK74
_______________________________________________________________________
3017. TRANSFERS OF STOCK OR SECURITIES BY U.S. PERSONS TO FOREIGN
CORPORATIONS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 367
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations will replace, when finalized, the
temporary income tax regulations under section 1.367(a)-1T(c)(2) and
section 1.367(a)-3T. They provide guidance on the application of
section 367(a) to transfers of stock or securities by U.S. persons to
foreign corporations. This regulation has been broken out of a larger
regulation project (listed under INTL-610-86, RIN 1545-AK74) that will
amend the remainder of the temporary income tax regulations under
section 367(a).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/26/91 56 FR 41993
Hearing 11/22/91 56 FR 41992
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-54-91.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.
Agency Contact: Philip Tretiak, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AP81
_______________________________________________________________________
3018. CERTAIN OUTBOUND TRANSFERS; DOMESTIC STOCK OR
SECURITIES (CORPORATE INVERSIONS)
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 0367
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will incorporate the principles of Notice 94-
46 into the Internal Revenue Code. This regulation will provide rules
governing the transfer of domestic stock or securities to a foreign
corporation under section 367(a).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-009-95
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.
Agency Contact: Philip Tretiak, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AT44
_______________________________________________________________________
3019. INCOME TAX--PART 1--STOCK TRANSFER RULES
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 367 (b)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The extent to which a foreign corporation shall be considered
to be a corporation in connection with an exchange described in
sections 332, 351, 354, 355, 356 or 361.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/26/91 56 FR 41993
NPRM Comment Period End 10/25/91 56 FR 41993
Hearing 11/22/91 56 FR 41992
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: Federal
Additional Information: INTL-178-86.
Drafting attorney: Irwin Halpern (202) 622-3850.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.
Agency Contact: Irwin Halpern, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AI32
_______________________________________________________________________
3020. CERTAIN CORPORATE DISTRIBUTIONS TO FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805 Internal Revenue Code of 1986; 26 USC 367
(e) Internal Revenue Code of 1986
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposal deals with whether gain should be recognized under
section 367(e)(2) on distributions in liquidation under section 332 to
foreign corporations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/16/90 55 FR 1472
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-704-87.
Drafting attorney: Willard Yates (202) 622-3850.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Unassigned.
Agency Contact: Willard Yates, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AL35
_______________________________________________________________________
3021. TWENTY PERCENT WITHHOLDING ON ELIGIBLE ROLLOVER DISTRIBUTION
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 402(c); 26 USC 403(b); 26 USC
3405(b)
CFR Citation: 26 CFR 1; 26 CFR 31
Legal Deadline: None
Abstract: This project provides a cross-reference notice of proposed
rulemaking providing guidance to implement statutory changes enacted by
the Unemployment Compensation Amendments of 1992 (UCA). The UCA expands
the types of distribution from qualified plans and section 403(b) plans
that are eligible for tax-free rollover. Also, the UCA requires
qualified plans and 403(b) plans to provide employees with a direct
rollover option. Also the UCA imposes a mandatory 20 percent income tax
withholding upon any eligible rollover distribution that the employee
does not elect to have paid in a direct rollover.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/22/92 57 FR 48194
NPRM Comment Period End 12/28/92 57 FR 48194
Hearing 01/15/93 57 FR 48193
Final Action 10/00/95
Small Entities Affected: Businesses, Governmental Jurisdictions
Government Levels Affected: State, Local, Federal
Additional Information: EE-43-92.
Drafting attorney: Judith Alden (202) 622-6030.
Reviewing attorney: Majorie Hoffman (202) 622-6030.
Agency Contact: Judith Alden, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-6030
RIN: 1545-AR01
_______________________________________________________________________
3022. INCOME TAX--DEDUCTION FOR CERTAIN FOREIGN DEFERRED
COMPENSATION PLANS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 404A
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations would provide guidance relating to the
limitations on deductions and adjustments to earnings and profits (or
accumulated profits) with respect to certain foreign deferred
compensation plans.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/07/93 58 FR 27219
NPRM Comment Period End 05/07/93 58 FR 27219
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-14-81.
Drafting attorney: Robin Ehrenberg (202) 622-6080.
Reviewing attorney: Michael A. Thrasher (202) 622-6000.
Agency Contact: Robin Ehrenberg, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-6080
RIN: 1545-AD81
_______________________________________________________________________
3023. ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND
EMPLOYEE CONTRIBUTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Modification of Reg. Section 1.411(c)-1 to reflect GATT
provisions affecting the allocation of accrued benefits between
employer and employee contributions.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-35-95
Drafting attorney: Janet Laufer (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.
Agency Contact: Janet Laufer, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution, Ave. NW., Washington, DC
20224
Phone: 202 622-6060
Fax: 202 622-4617
RIN: 1545-AT83
_______________________________________________________________________
3024. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 414(q)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed and temporary regulations define the term
``highly compensated employee'' under section 414(q) of the Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 02/19/88
NPRM Comment Period End 04/19/88 53 FR 4999
Partially Closed by TD 8548 06/27/94 59 FR 32911
Final Action 03/00/96
Small Entities Affected: Businesses, Governmental Jurisdictions
Government Levels Affected: State, Local
Additional Information: EE-32-92.
Drafting attorney: Patricia McDermott (202) 622-6030.
Reviewing attorney: Nancy J. Marks (202) 622-6000.
Treasury attorney: Mark Iwry (202) 622-2647.
Temporary and proposed regulations under sections 414(g) and and 414(s)
were published February 19, 1988 (53 FR 4965); and final regulations
under section 414(s) were published September 19, 1991 (56 FR 47659),
under project EE-129-86. The regulations under section 414(q) were
split off from project EE-129-86. It is anticipated that final
regulations under section 414(q) will be published in the future under
project EE-32-92.
Agency Contact: Patricia McDermott, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-6030
RIN: 1545-AQ74
_______________________________________________________________________
3025. VALUATION OF PLAN DISTRIBUTION
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 417
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations provide guidance to employees in determining
the present value of an employee's benefit in a qualified defined
benefit plan.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/05/95 60 FR 17286
NPRM Comment Period End 07/05/95 60 FR 17286
Hearing 07/25/95 60 FR 17286
Final Action 04/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: EE-12-95
Drafting Attorney: Linda Marshall (202) 622-6030.
Reviewing Attorney: Nan Marks (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
Phone: 202 622-6030
RIN: 1545-AT27
_______________________________________________________________________
3026. RULES FOR CERTAIN RENTAL REAL ESTATE ACTIVITIES
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 469
CFR Citation: 26 CFR 469
Legal Deadline: None
Abstract: Proposed regulations 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 01/10/95 60 FR 2557
Hearing 05/11/95 60 FR 2557
Final Action 11/00/95
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
Phone: 202 622-3080
RIN: 1545-AS38
_______________________________________________________________________
3027. LIMITATIONS ON PASSIVE ACTIVITY LOSSES AND CREDITS--SELF-
CHARGED ITEMS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 0469 (l)
CFR Citation: 26 CFR 1.469-7
Legal Deadline: None
Abstract: The regulation will address the treatment of self-charged
items of income and expense in connection with transactions between
passthrough entities and owners of interests in those entities.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/05/91 56 FR 14034
Hearing 09/06/91 56 FR 14040
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: Undetermined
Additional Information: PS-039-89.
Drafting attorney: Ann Veninga (202) 622-3080.
Reviewing attorney: Donna M. Young (202) 622-3070.
Treasury attorney: John Parcell (202) 622-2578.
Agency Contact: Ann Veninga, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3080
Fax: 202 622-4524
RIN: 1545-AN64
_______________________________________________________________________
3028. MARK-TO-MARKET UPON DISPOSITION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 475(a); 26 USC 475(b)(2); 26 USC
475(e); 26 USC 860G(e)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposed regulations to address the relationship between
mark-to-market accounting and accrual of stated interest, discount and
premium, and between mark-to-market accounting and the tax treatment of
bad debts. Proposed regulations also provide securities are to be
marked to market upon disposition by a dealer and provide rules
relating to acquisitions of securities by a dealer. The exemption from
marking to market in certain securitization transactions, and the
identification requirement for obtaining exemption. Proposed
regulations also provide guidance relating to the exclusion of REMIC
residual interests from the definition of security and to the
relationship between the mark-to-market provisions and the integrated
transaction rules in the proposed regulations on debt instruments with
contingent payments.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/04/95 60 FR 397
Final Action 06/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-42-94
Drafting attorney: Robert Williams (202) 622-3960.
Reviewing attorney: Michael Novey (202) 622-3900.
Treasury attorney: Mary Heath (202) 622-0868.
Agency Contact: Robert Williams, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-3960
RIN: 1545-AS85
_______________________________________________________________________
3029. SECTION 482, COST SHARING REGULATIONS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 482
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Transfer of intangibles between affiliates; intercompany
pricing issues.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/30/92 57 FR 3571
Hearing 08/31/92 57 FR 33663
Final Action 06/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-372-88.
Drafting attorney: Lisa L. Sams (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Warren Crowdus (202) 622-1779.
Agency Contact: Lisa L. Sams, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AM00
_______________________________________________________________________
3030. TAXATION OF GLOBAL TRADING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 864; 26 USC 482; 26 USC 863
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Regulations to improve the taxation of global trading.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/28/90 55 FR 35152
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-070-90.
Drafting attorney: Ahmad A. Pirasteh (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Patricia Brown (202) 622-1781.
Agency Contact: Ahmad A. Pirasteh, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AP01
_______________________________________________________________________
3031. RECOGNITION OF PRE-CONTRIBUTION GAIN OR LOSS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 704(c)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The final regulations will address the determination of pre-
contribution gain or loss under section 704(c)(1)(B) of the Internal
Revenue Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/09/95 60 FR 2352
Final Action 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-51-93
Drafting attorney: Stephen Coleman (202) 622-3060.
Reviewing attorney: Thomas J. Hines (202) 622-3060.
Agency Contact: Stephen Coleman, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4524
RIN: 1545-AR93
_______________________________________________________________________
3032. SECTION 737 DISTRIBUTIONS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 737
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Final regulations under section 737 relating to the
recognition of pre-contribution gain in the case of certain
distributions to the contributing partner.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/09/95 60 FR 2352
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-76-92.
Drafting attorney: Stephen Coleman (202) 622-3060.
Reviewing attorney: Thomas J. Hines (202) 622-3060.
Treasury attorney: David Weisbach (202) 622-1129.
Agency Contact: Stephen Coleman, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4524
RIN: 1545-AR48
_______________________________________________________________________
3033. EXTENSION OF TIME FOR REAL ESTATE MORTGAGE INVESTMENT
CONDUITS TO PROVIDE REPORTING INFORMATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 860F; 26 USC 6049
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This proposed regulation would extend the deadline for REMICs
or issuers of CDOs to furnish reporting information.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 09/30/91 56 FR 49525
Hearing 12/05/91 56 FR 49526
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-38-91.
Drafting attorney: Kenneth P. Christman (202) 622-3950.
Reviewing attorney: Marshall D. Feiring (202) 622-3960.
Treasury attorney: Val P. Strehlow (202) 622-0869.
Agency Contact: Kenneth P. Christman, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3950
RIN: 1545-AP73
_______________________________________________________________________
3034. CHARITABLE CONTRIBUTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 861
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposed section 1.861-8(e) would provide new guidance
regarding the allocation of charitable deductions to U.S. or foreign
source income. A taxpayer would allocate such a deduction solely to
U.S. source income if he designated the contribution for U.S. use and
reasonably believed that it would be so used. He would allocate such a
deduction solely to foreign source income if he knows or has reason to
know that it would be used solely outside the United States or that it
must necessarily be so used. In all other cases, he would ratably
apportion such a deduction.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/12/91 56 FR 10395
Hearing 08/01/91 56 FR 23823
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-116-90.
Drafting attorney: Carl M. Cooper (202) 622-3840.
Reviewing attorney: Charles C. Saverude (202) 622-3800.
Treasury attorney: P. Ann Fisher (202) 622-1755.
Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AP30
_______________________________________________________________________
3035. ALLOCATION AND APPORTIONMENT OF RESEARCH AND
EXPERIMENTAL EXPENDITURES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 0861
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides rules regarding the allocation and
apportionment of research and experimental expenditures for purposes of
determining taxable income from sources within and without the United
States.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/24/95 60 FR 27453
Hearing 09/08/95 60 FR 27453
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-023-95
Drafting attorney: Carl Cooper (202) 622-3840.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Bruce Cohen (202) 622-0871.
Agency Contact: Carl Cooper, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AT49
_______________________________________________________________________
3036. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE AND CERTAIN
OTHER EXPENSES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 864
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Notice of proposed rulemaking by cross-reference to temporary
regulations providing rules for affiliated group allocation and
apportionment of expenses other than interest that are not traceable to
specific income-producing activities or property of corporations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/12/91 56 FR 10397
Hearing 06/21/91 56 FR 21640
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-952-86.
Drafting attorney: David F. Bergkuist (202) 622-3860.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Carol Doran-Klein (202) 622-1762.
Agency Contact: David F. Bergkuist, Attorney-Advisors, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AM20
_______________________________________________________________________
3037. TREATMENT OF RELATED PERSON FACTORING INCOME; CERTAIN
INVESTMENTS IN UNITED STATES PROPERTY; AND STOCK REDEMPTIONS THROUGH
RELATED CORPORATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 864 (d); 26 USC 956; 26 USC 304;
26 USC 7805; 26 USC 864 (d)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These rules will relate to the treatment of income derived by
foreign corporations from factoring the receivables of related persons,
rules relating to certain investments in U.S. property and stock
redemptions through related corporations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/14/88 53 FR 22186
NPRM Comment Period End 08/15/88 53 FR 22186
Hearing 02/09/89 53 FR 49895
Final Action 01/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-49-86.
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Carol Dunahoo (202) 622-0726.
Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AH85
_______________________________________________________________________
3038. COMPUTATION OF INTEREST EXPENSE DEDUCTION
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 882
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will revise the rules for the computation of
the interest expense deduction of a foreign corporation.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/24/92 57 FR 15038
NPRM Comment Period End 10/14/92
Final Action 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-309-88.
Drafting attorney: Karl T. Walli (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870
Treasury attorney: Unassigned.
Agency Contact: Karl T. Walli, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AL84
_______________________________________________________________________
3039. AMENDMENTS TO THE BRANCH PROFITS TAX UNDER SECTIONS 884 AND
864
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 884; 26 USC 864
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will revise the ``asset-use'' test under
section 864 to exclude stock. This regulation will explain what
percentage of an interest in a partnership, trust or estate is a U.S.
asset under section 884. In addition, this regulation amends the
definition of ``branch interest'' under section 884.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 09/11/92 57 FR 41707
Final Action 06/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-003-92.
Drafting attorney: Gwendolyn A. Stanley (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: P. Ann Fisher (202) 622-1755.
Agency Contact: Gwendolyn A. Stanley, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AQ58
_______________________________________________________________________
3040. INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 892 (c)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Notice of Proposed Rulemaking by cross-reference to temporary
regulations regarding the taxation of income of foreign governments and
international organizations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/27/88 53 FR 24100
NPRM Comment Period End 08/26/88 53 FR 24100
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-285-88.
Drafting attorney: David A. Juster (202) 622-3850.
Reviewing attorney: Bernard T. Bress (202) 622-3850.
Treasury attorney: Unassigned.
Agency Contact: David A. Juster, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AL93
_______________________________________________________________________
3041. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS
UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 897
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposal would provide rules concerning the effect of certain
distributions including dividends, redemptions, distributions pursuant
to reorganizations, and liquidations on corporations and their
shareholders under the Foreign Investment in Real Property Tax Act.
Proposal would also provide rules for determining the extent to which
nonrecognition would apply to certain transfers of real property
interests and the extent to which certain reorganizations will be
treated as sales of property at fair market value.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/05/88 53 FR 16233
Hearing 03/01/89 54 FR 1189
Final Action 02/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-491-87.
Drafting attorney: Leslie A. Cracraft (202) 622-3860.
Reviewing attorney: Charles P. Besecky (202) 622-3860.
Treasury attorney: David Sutherland (202) 622-1754.
Agency Contact: Leslie A. Cracraft, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AK79
_______________________________________________________________________
3042. CONFORMING TAXABLE YEARS OF CFCS AND FPHCS: 1989 CHANGE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 898; 26 USC 902
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation provides guidance to taxpayers concerning new
section 898 of the Internal Revenue Code, added to the Code by the
Omnibus Budget Reconciliation Act of 1989. Section 898 requires the
taxable years of certain specified foreign corporations to conform to
the taxable years of their majority U.S. shareholders.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/05/93 58 FR 290
Final Action 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-848-89.
Drafting attorney: Michael E. Hara (202) 622-3840.
Reviewing attorney: Charlie C. Saverude (202) 622-3800.
Treasury attorney: Carol Doran Klein (202) 622-1762.
Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AO22
_______________________________________________________________________
3043. RESOURCING INCOME TO PREVENT AVOIDANCE OF FOREIGN TAX CREDIT
LIMITATION RULES RELATING TO FOREIGN LOSSES
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 904; 26 USC 1504
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:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/17/94 59 FR 25584
Final Action 06/00/96
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
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AN87
_______________________________________________________________________
3044. APPLICATION OF SECTION 904 TO INCOME SUBJECT TO SEPARATE
LIMITATIONS AND SECTION 864(E) AFFILIATED GROUP EXPERT ALLOCATION RULES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 904(d)(5); 26 USC 864(e)(7)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations modify proposed income tax regulations
relating to affiliated group expense allocation rules of section
864(e)(5) and (6). In addition, the regulations propose changes to the
section 904(d) final foreign tax credit limitation regulations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/14/92 57 FR 20660
Final Action 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: INTL-001-92.
Drafting attorney: Caren S. Shein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Carol Doran Klein (202) 622-1762.
Agency Contact: Caren S. Shein, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AQ43
_______________________________________________________________________
3045. INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF
REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 905 (c); 26 USC 6689
CFR Citation: 26 CFR 1; 26 CFR 301; 26 CFR 602
Legal Deadline: None
Abstract: The regulations will establish procedures for taxpayers by
which they must notify the Service of a change in foreign tax liability
for a taxable year for which they claimed the foreign tax credit. The
regulations provide special rules for redetermining the taxpayer's
United States tax liability when the dollar value of the foreign
currency fluctuates between the time for which the foreign tax credit
is originally claimed and the time for which the foreign tax credit is
redetermined. In addition, the regulations set forth deadlines for
compliance with the notification requirements.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/23/88 53 FR 23659
Final Action 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-61-86.
Drafting attorney: Caren Shein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Carol Doran Klein (202) 622-1762.
Agency Contact: Caren Shein, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AC09
_______________________________________________________________________
3046. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE
INVESTMENT INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 936(d)(2)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide rules with respect to what
constitutes qualified possession source investment income for purposes
of the Puerto Rico and possession tax credit.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/21/86 51 FR 2726
Final Action 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-44-86.
Drafting attorney: W. Edward Williams (202) 874-1490.
Reviewing attorney: Christine Halphen (202) 622-3810.
Treasury attorney: Warren Crowdus (202) 622-1779.
Agency Contact: W. Edward Williams, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW.,
Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896
RIN: 1545-AC10
_______________________________________________________________________
3047. SECTION 936 REGULATIONS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 936(h)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will simplify the computation of combined
taxable income for companies making an election under section 936(h) of
the Code; it will revise the determination of the deemed sales price
for purposes of the leasing rules applicable to such corporations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/12/94 59 FR 1690
Final Action 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: INTL-68-92.
Drafting attorney: Mary Gillmarten (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.
Treasury attorney: Carol Doran Klein (202) 622-1762.
Agency Contact: Mary Gillmarten, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AR18
_______________________________________________________________________
3048. CBI INVESTMENTS OF SECTION 936 FUNDS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 936(d)(4)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Will define investments made in qualified Caribbean Basin
countries that give rise to interests or dividends available for the
section 936 credit.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/13/91 56 FR 21963
Hearing 07/12/91 56 FR 21963
Final Action 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: INTL-088-89.
Drafting attorney: W. Edward Williams (202) 874-1490.
Reviewing attorney: Christine Halphen (202) 622-3810.
Treasury attorney: Unassigned.
Agency Contact: W. Edward Williams, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW.,
Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896
RIN: 1545-AM91
_______________________________________________________________________
3049. INSURANCE INCOME
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 953
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation defines related person insurance income; and
sets forth rules regarding the amount of related person insurance
income to be included in gross income. In addition, the regulation
defines insurance income under section 953(a), prescribes rules of
allocation and apportionment of deductions, and prescribes rules for
the interaction of subchapter L and subchapter N.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/17/91 56 FR 15540
Hearing 06/21/91 56 FR 15570
Final Action 02/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-939-86.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Steven Musher (202) 622-3840.
Treasury attorney: Carol Dunahoo (202) 622-0726.
Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AJ70
_______________________________________________________________________
3050. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 964
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will develop procedures for foreign
corporations or U.S. shareholders to make tax elections in computing
functional currency earnings and profits under the 1986 Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/25/90 55 FR 2535
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-087-89.
Drafting attorney: M. Grace Fleeman (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Unassigned.
Agency Contact: M. Grace Fleeman, Attorney-Adviser, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 202224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AM90
_______________________________________________________________________
3051. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 964; 26 USC 952
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations are proposed as part of Treasury's ongoing
simplification efforts. The proposed regulations would modify the
computation of earnings and profits (E&P) of foreign corporations by
allowing taxpayers to account for inventory costs using capitalization
methods used for financial accounting purposes rather than the uniform
capitalization rules required by section 263A. The proposed regulations
would also permit reliance on financial accounting conventions in
computing depreciation for foreign corporations deriving less than 20%
of gross income from U.S. sources and maintaining assets with tax bases
not materially different from financial book bases. Use of these
simplified rules may result in an accounting method change which would
ordinarily require the filing of Form 3115 (Application for Change in
Accounting Method). However, the proposed regulations waive this filing
requirement if its conditions are met.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/01/92 57 FR 29246
Final Action 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-018-92.
Drafting attorney: M. Grace Fleeman (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Unassigned.
Agency Contact: M. Grace Fleeman, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, llll Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AQ55
_______________________________________________________________________
3052. RULES FOR A QBU CHANGING FROM THE PROFIT-AND-LOSS METHOD TO
DASTM
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide rules for a qualified business
unit (``QBU'') changing from the profit and loss method of accounting
to DASTM and also rules for any adjustments required due to the change
in method.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/05/93 58 FR 300
Final Action 01/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: INTL-045-92.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Unassigned.
Agency Contact: Jacob Feldman, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AR28
_______________________________________________________________________
3053. CHANGE FROM THE DOLLAR APPROXIMATE SEPARATE TRANSACTIONS
METHOD (DASTM) TO THE PROFIT-AND-LOSS METHOD OF ACCOUNTING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 985
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations provide rules for qualified business units
(``QBU's'') whose currency is no longer hyperinflationary including any
necessary adjustment.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 01/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: INTL-066-92.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
Treasury attorney: Unassigned.
Agency Contact: Jacob Feldman, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AS68
_______________________________________________________________________
3054. COMPUTATION OF A BRANCH'S TAXABLE INCOME TAXATION OF EXCHANGE
GAIN OR LOSS ON BRANCH REMITTANCES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Branch rules on how to translate branch income. Taxation of
exchange gain or loss on branch remittances.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 09/25/91 56 FR 48457
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-965-86.
Drafting attorney: Richard Hoge (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
Treasury attorney: Unassigned.
Agency Contact: Richard Hoge, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AM12
_______________________________________________________________________
3055. MARK-TO-MARKET METHOD OF ACCOUNTING UNDER SECTION 988
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 989(c)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations allow taxpayers to elect to account
for exchange gains and losses under a mark-to-market method of
accounting. The proposed regulation also addresses other matters
including dual currency bonds, contingent payment bonds denominated in
a nonfunctional currency, hyperinflationary instruments and certain
hedging transactions.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/17/92 57 FR 9217
Final Action 12/00/95
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: INTL-015-91.
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.
Treasury attorney: Unassigned.
Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AP78
_______________________________________________________________________
3056. MODIFICATIONS OF DEBT INSTRUMENTS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 1001
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This document relates to the treatment of modifications of
debt instruments as realization events under section 1001 of the
Internal Revenue Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/02/92 57 FR 57034
Hearing 02/17/93 57 FR 57033
Final Action 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: FI-31-92.
Drafting attorney: Tom Kelly (202) 622-3940.
Reviewing attorney: James Malloy (202) 622-3900.
Agency Contact: Tom Kelly, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3940
RIN: 1545-AR04
_______________________________________________________________________
3057. CERTAIN PAYMENTS MADE PURSUANT TO A SECURITIES LENDING
TRANSACTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 861; 26 USC 871; 26 USC 881; 26
USC 894; 26 USC 1058; 26 USC 1441
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations concern the source, character and income
tax treaty treatment of substitute interest and dividend payments made
pursuant to a transfer of securities described in section 1058(a) or a
substantially similar transaction between a U.S. person and a foreign
person. To determine the source and character of cross-order substitute
payments, a substitute payment will be treated as interest or dividend
income received with respect to the transferred security. Where a
treaty looks to U.S. law to define a payment subject to a withholding
tax, a substitute payment will be treated as interest or dividend
income with respect to the transferred security.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/09/92 57 FR 860
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-106-89.
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Karl Walli (202) 622-3870.
Treasury attorney: Unassigned.
Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AP71
_______________________________________________________________________
3058. CONVERSION TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1258; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulation allow taxpayers to net gains and
losses from positions in the same conversion transaction in certain
cases for purposes of section 1258(a).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/27/94 59 FR 66498
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-43-94
Drafting attorney: Alan B. Munro (202) 622-3950.
Reviewing attorney: Alice M. Bennett (202) 622-3950.
Treasury attorney: John J. Rooney (202) 622-1335.
Agency Contact: Alan B. Munro, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-3950
RIN: 1545-AS87
_______________________________________________________________________
3059. TREATMENT OF SHAREHOLDERS OF PASSIVE FOREIGN INVESTMENT
COMPANIES
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 0446; 26 USC 1291; 26 USC 1293;
26 USC 1295; 26 USC 1297
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to the treatment of shareholders of
passive foreign investment companies.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/01/92 57 FR 11024
NPRM Comment Period End 07/30/92 57 FR 11024
Final Action 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-656-87.
Drafting attorney: Gayle Novig (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Patricia Brown (202) 622-1781.
Agency Contact: Gayle Novig, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3880
RIN: 1545-AC06
_______________________________________________________________________
3060. PASSIVE FOREIGN INVESTMENT COMPANIES
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 1294; 26 USC 1297(b)(1); 26 USC
1291(d)(2)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provide guidance to passive foreign investment companies and
their shareholders that are United States persons about the time,
manner and other requirements for making certain elections.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/02/88 53 FR 6781
Final Action 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-941-86.
Drafting attorney: Carolyn Fanaroff (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Patricia Brown (202) 622-1781.
Agency Contact: Carolyn Fanaroff, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476
RIN: 1545-AI33
_______________________________________________________________________
3061. PASSIVE FOREIGN INVESTMENT COMPANIES - SPECIAL RULES FOR
FOREIGN BANKS AND SECURITIES DEALERS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 1296(b)(2)(A); 26 USC 1296(b)(3)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance for qualifying foreign
banks and securities dealers for the exception to passive income
characterization for purposes of the income and asset tests of the PFIC
provisions.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/28/95 60 FR 20922
Hearing 09/11/95 60 FR 39902
Final Action 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-0065-93.
Drafting attorney: Ramon Camacho (202) 622-3870
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Patricia Brown (202) 622-1781.
Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AS46
_______________________________________________________________________
3062. WITHHOLDING ON ITEMS OF INCOME COVERED BY AN INCOME TAX
CONVENTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1441
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: These regulations relate to the withholding on certain items
of income subject to a reduced rate of, or exemption from, U.S. tax
under an income tax convention to which the United States is a party.
These regulations would amend the existing regulations to provide a
certification requirement for obtaining reduced rates of, or exemption
from, U.S. withholding tax on payments of fixed or determinable annual
or periodical income and certain other income.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 09/10/84 49 FR 35511
NPRM Comment Period End 11/09/84 49 FR 35511
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-176-86.
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490.
Treasury attorney: P. Ann Fisher (202) 622-1755.
Agency Contact: Lilo A. Hester, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., Suite
3319, Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896
RIN: 1545-AH86
_______________________________________________________________________
3063. WITHHOLDING OF TAX ON NONRESIDENT ALIENS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1441
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Section 864(c)(6) of the Code, added in 1986, had the
unintended effect of allowing nonresident alien individuals to elect
out of all withholding on pension payments from qualified plans. The
regulation corrects this inadvertent loophole and requires withholding
on such payments.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 02/05/90 55 FR 3750
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-660-89.
Drafting attorney: Carol P. Tello (202) 622-3880.
Reviewing attorney: Unassigned.
Treasury attorney: P. Ann Fisher (202) 622-1755.
Agency Contact: Carol P. Tello, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476
RIN: 1545-AN75
_______________________________________________________________________
3064. TEMPORARY REGULATION ON WITHHOLDING TAX ON PAYMENTS FROM
PARTNERSHIPS TO FOREIGN PARTNERS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1446
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation explains under what circumstances withholding
is required under section 1446. It also explains the timing of
withholding and how to pay over the withheld amounts to the Internal
Revenue Service. Section 1446 was substantially amended by the
Technical and Miscellaneous Revenue Act of 1988.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 02/00/96
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: INTL-938-86.
Drafting attorney: Ronald Gootzeit (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.
Agency Contact: Ronald Gootzeit, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476
RIN: 1545-AL32
_______________________________________________________________________
3065. QDOT SECURITY REQUIREMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 2056A
CFR Citation: 26 CFR 20
Legal Deadline: None
Abstract: The proposed regulation provides guidance regarding
qualification of a trust as a qualified domestic trust.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/22/95 60 FR 43574
Final Action 06/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-25-94
Drafting attorney: Susan B. Hurwitz (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Agency Contact: Susan Hurwitz, Department of the Treasury, Internal
Revenue Service
Phone: 202 622-3090
RIN: 1545-AT64
_______________________________________________________________________
3066. ESTATE TAX--GENERATION SKIPPING TRANSFER TAX
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 2653; 26 USC 2662; 26 USC 2663
CFR Citation: 26 CFR 26; 26 CFR 26a
Legal Deadline: None
Abstract: The regulations will provide rules relating to the effective
date provisions, return requirements, definitions, and certain special
rules for the tax on generation skipping transfers.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/15/88 53 FR 8469
NPRM Comment Period End 05/16/88 53 FR 8469
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-128-86.
Drafting attorney: James F. Hogan (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Agency Contact: James F. Hogan, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-3090
RIN: 1545-AJ11
_______________________________________________________________________
3067. ELECTRONIC FILING OF FORM W-4
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: The statute and existing regulations require employees to
furnish employers with withholding exemption certificates (Forms W-4).
The regulation would permit employees to file Forms W-4 electronically
under certain circumstances.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/21/94 59 FR 65740
NPRM Comment Period End 02/21/95 59 FR 65740
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: Undetermined
Additional Information: EE-45-93
Drafting attorney: Russ Weinheimer (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.
Agency Contact: Russ Weinheimer, Senior Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-6060
RIN: 1545-AR67
_______________________________________________________________________
3068. WITHHOLDING ON DISTRIBUTIONS OF INDIAN GAMING PROFITS TO
TRIBAL MEMBERS
Priority: Other Significant
Legal Authority: 26 USC 3402(r); 26 USC 7805; 26 USC 3402(p)(2)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Implements income tax withholding requirement on
distributions of profits to Indian tribe members from certain Indian
gaming activities, under new IRC section 3402(r).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/22/94 59 FR 65982
Final Action 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Tribal
Additional Information: EE-60-94.
Drafting attorney: Rebecca Wilson (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Elizabeth Wagner (202) 622-1778.
Agency Contact: Rebecca Wilson, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-6040
RIN: 1545-AT11
_______________________________________________________________________
3069. RETAIL EXCISE TAXES ON CERTAIN LUXURY ITEMS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 4004
CFR Citation: 26 CFR 48
Legal Deadline: None
Abstract: These regulations relate to the retailers excise taxes on
certain luxury items.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/02/91 56 FR 36
NPRM Comment Period End 03/04/91 56 FR 36
Hearing 04/29/91 56 FR 11979
Final Action 03/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-094-90.
Drafting attorney: Edward Madden (202) 622-3130.
Reviewing attorney: Jeffrey Nelson (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.
Agency Contact: Edward Madden, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AP24
_______________________________________________________________________
3070. DIESEL FUEL EXCISE TAX
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 4081; 26 USC 6427
CFR Citation: 26 CFR 48
Legal Deadline: None
Abstract: These regulations relate to the diesel fuel excise tax
effective January 1, 1994. Determination of taxable events; person
liable for the tax; exemptions including dying; and the rules for
ultimate vendors who claim credit or refund.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 08/26/93 58 FR 45081
NPRM 11/30/93 58 FR 63131
NPRM Comment Period End 01/31/94 58 FR 63131
Final Action 12/00/95
Small Entities Affected: Businesses
Government Levels Affected: State
Additional Information: PS-52-93
Drafting attorney: Frank Boland (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.
Agency Contact: Frank Boland, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington DC
20224
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AR92
_______________________________________________________________________
3071. TAX ON PETROLEUM
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 4611; 26 USC 4612
CFR Citation: 26 CFR 52
Legal Deadline: None
Abstract: The regulations relate to tax on petroleum under section 4611
of the Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/25/93 58 FR 21963
Hearing 03/03/94 59 FR 5161
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-158-86.
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Dick Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.
Agency Contact: Ruth Hoffman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AJ23
_______________________________________________________________________
3072. EXPORTS OF OZONE-DEPLETING CHEMICALS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 4682(d)(3)
CFR Citation: 26 CFR 52
Legal Deadline: None
Abstract: These regulations relate to the exemption from tax for
exports of ozone-depleting chemicals.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/15/93 58 FR 4625
NPRM Comment Period End 03/16/93
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-89-91.
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Dick Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.
Agency Contact: Ruth Hoffman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AQ23
_______________________________________________________________________
3073. EXCISE TAX ON SELF-DEALING BY PRIVATE FOUNDATIONS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 53
Legal Deadline: None
Abstract: These amendments to section 53.4941(d)-2(f) are intended to
clarify the service's position that generally, the payment of
indemnification and insurance by a private foundation for a foundation
manager in situations arising from the performance of services on
behalf of the private foundation are not self-dealing and are not
considered when determining reasonable compensation of the foundation
manager.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/03/95 60 FR 82
NPRM Comment Period End 04/03/95 60 FR 82
Final Action 11/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-56-94.
Drafting attorney: Terri Harris (202) 622-6070.
Reviewing attorney: Paul Accettura (202) 622-6070.
Treasury attorney: Cathy Livingston (202) 622-0998.
This entry was split from RIN 1545-AI52.
Agency Contact: Terri Harris, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-6070
RIN: 1545-AT03
_______________________________________________________________________
3074. AMENDMENT OF SECTION 1.6033-2(G)(5) RELATING TO RETURNS BY AN
INTEGRATED AUXILIARY OF A CHURCH
Priority: Other Significant
Legal Authority: 26 USC 7805; PL 91-172, Sec 101 (d) (1)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will revise the definition of integrated
auxiliary of a church in section 1.6033-2(g)(5) of the Treasury
Regulations to be consistent with Rev. Proc. 86-23, 1986-1 CB 564.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/15/94 59 FR 64633
NPRM Comment Period End 03/15/95 59 FR 64633
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-41-86.
Drafting attorney: Terri Harris (202) 622-6070.
Reviewing attorney: Paul Accettura (202) 622-6070.
Agency Contact: Terri Harris, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-6070
RIN: 1545-AI52
_______________________________________________________________________
3075. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6039E
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulation will prescribe the information to be gathered
by the State Department and Immigration and Naturalization Service on
passport and green card applicants and the penalties to be imposed on
such applicants if they do not supply the information.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/24/92 57 FR 61373
Final Action 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-978-86.
Drafting attorney: Ricardo A. Cadenas (202) 874-1490.
Reviewing attorney: George Sellinger (202) 874-1490.
Treasury attorney: P. Ann Fisher (202) 622-1755.
Agency Contact: Ricardo A. Cadenas, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., Suite
3319, Washington, DC 20024
Phone: 202 874-1490
Fax: 202 874-1896
RIN: 1545-AJ93
_______________________________________________________________________
3076. CASH REPORTING BY COURT CLERKS
Priority: Other Significant
Legal Authority: 26 USC 6050I; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: Other, Statutory, December 13, 1994.
Sec. 20415 of the Violent Crime Control and Law Enforcement Act of 1994
required issuance of temporary regulations by 12-13-94.
Abstract: This regulation relates to the information reporting
requirements of court clerks upon receipt of more than $10,000 in cash
as bail for any individual charged with a specific criminal offense.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/15/94 59 FR 64635
Final Action 10/00/95
Small Entities Affected: Governmental Jurisdictions
Government Levels Affected: State, Local, Federal
Additional Information: IA-57-94.
Drafting attorney: Susie Bird (202) 622-4960.
Reviewing attorney: Steve Toomey (202) 622-4960.
Agency Contact: Susie K. Bird, Attorney-Advisor (Tax), Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-4960
RIN: 1545-AT06
_______________________________________________________________________
3077. IRC SECTION 6051
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 6051; 26 USC 6071
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: Project will modify existing regulations to require employers
who file a final form 941 to file form W-2 and W-3 at the same time the
employer is required to file the final Form 941.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/22/94 59 FR 65982
Hearing 05/08/95 60 FR 15526
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-083-89.
Drafting attorney: Jean Casey (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Kevin Knopf (202) 622-2329.
Agency Contact: Jean Casey, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-6040
RIN: 1545-AN57
_______________________________________________________________________
3078. VOICE SIGNATURES
Priority: Other Significant
Legal Authority: 26 USC 6061; 26 USC 6012
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will enable the Service to accept a voice
signature in lieu of a handwritten signature. This will allow the
Service to test the feasibility of voice signatures for one year with
certain taxpayers who live in the geographic area of the Cincinnati
district office. The regulations also address the effect of a taxpayer
using a voice signature.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/13/93 58 FR 4125
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-39-95.
Drafting attorney: Celia Gabrysh (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.
Agency Contact: Celia Gabrysh, Atorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-4940
RIN: 1545-AQ68
_______________________________________________________________________
3079. AUTHORITY OF THE FCIC TO REQUIRE EMPLOYER IDENTIFICATION
NUMBERS FOR CERTAIN TAXPAYERS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 25 CFR 301
Legal Deadline: None
Abstract: This document will withdraw the notice of proposed rulemaking
published in the Federal Register on August 31, 1992.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/31/92 57 FR 39379
NPRM Comment Period End 09/30/92
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-4-92.
Drafting attorney: Beverly Baughman (202) 622-4940.
Reviewing attorney: George Baker (202) 622-4920.
Treasury attorney: Evelyn Elgin (202) 622-1338.
Agency Contact: Beverly Baughman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-4940
RIN: 1545-AQ49
_______________________________________________________________________
3080. AMENDMENT TO SECTION 6109 REGULATIONS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 6109
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will amend I.R.C. section 6109 regarding tax
identification numbers.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/08/95 60 FR 30211
Hearing 09/28/95 60 FR 30211
Final Action 06/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-0024-94
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: Christine Halphen (202) 622-3810.
Treasury attorney: P. Ann Fisher (202) 622-1755.
Agency Contact: Lilo A. Hester, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW.,
Washington, DC 20024
Phone: 202 874-1490
RIN: 1545-AS83
_______________________________________________________________________
3081. AUTHORITY OF THE SECRETARY OF AGRICULTURE TO SHARE EMPLOYER
IDENTIFICATION NUMBERS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6109
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: P.L. 103-296 (The Social Security Independence and Program
Improvements Act of 1994) amended section 6109(f) of the Internal
Revenue Code to authorize the Secretary of Agriculture to share
Employer Identification Numbers with other U.S. agencies or
instrumentalities for certain law enforcement purposes. These
regulations are needed to enable the Department of Agriculture to issue
its own implementing regulations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/10/95 60 FR 24811
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-7-95
Drafting attorney: Robert Basso (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.
Agency Contact: Robert Basso, Attorney-Advisor (Tax), Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4940
RIN: 1545-AT21
_______________________________________________________________________
3082. INTEREST-FREE ADJUSTMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6205
CFR Citation: 26 CFR 31.6205-1(a)(3); 26 CFR 31.6205-1(b); 26 CFR
31.6205-1(c); 26 CFR 31.6205-1(d)
Legal Deadline: None
Abstract: Under section 6205(a)(1) of the Code if less than the correct
amount of tax imposed under the FICA, the RRTA, or the income tax
withholding provisions is paid with respect to any payment of wages or
compensation, proper adjustments; with respect to both the tax and
amount to be deducted, must be made without interest in such manner and
in such times as the Secretary may by regulations prescribe. The
proposed amendments would add language to clarify that an interest-free
adjustment can be made in certain situations in which th error is
ascertained before the appropriate return is filed. The proposed
amendments are intended to apply only to situations in which no return
was filed because the employer improperly failed to treat its workers
as employees.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/10/92 57 FR 58423
NPRM Comment Period End 02/08/93 57 FR 58423
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-12-92.
Drafting Tax Law Specialist: Karin Loverud (202) 622-6060.
Reviewing attorney: Mary Oppenheimer (202) 622-6010.
Agency Contact: Karin Loverud, Tax Law Specialist, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-6060
RIN: 1545-AQ61
_______________________________________________________________________
3083. SELECTION OF TAX MATTERS PARTNER FOR LIMITED LIABILITY
COMPANIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6320(i); 26 USC 6230(k); 26 USC 7805(a)
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulations will provide (1) who an LLC may designate as
its tax matters partner for a specific taxable year, (2) how the
designation is made, and (3) how the designation is terminated.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 10/00/95
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: John Rooney (202) 622-1334.
Agency Contact: Lindsay Russell, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3050
RIN: 1545-AQ47
_______________________________________________________________________
3084. RAILROAD UNEMPLOYMENT REPAYMENT TAX
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6302
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: The new regulations will restore the authority of the Service
to require quarterly payments of the Railroad Unemployment Repayment
Tax. The authority was inadvertently eliminated under section 7106 of
TAMRA.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/13/93 58 FR 28374
NPRM Comment Period End 07/12/93
Final Action 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-079-89.
Drafting attorney: Jean Casey (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Kevin Knopf (202) 622-2329.
Agency Contact: Jean Casey, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-6040
RIN: 1545-AN40
_______________________________________________________________________
3085. FEDERAL TAX DEPOSITS BY ELECTRONIC FUNDS TRANSFER
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 6302(h)
CFR Citation: 26 CFR 1; 26 CFR 31; 26 CFR 40
Legal Deadline: NPRM, Statutory, July 6, 1994.
Abstract: Proposes to adopt as final regulations temporary regulations
that describe taxpayers that must make deposits of taxes by means of
electronic funds transfer, the types of taxes that must be deposited
and when the deposits must commerce.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/11/94 59 FR 35418
Hearing 09/12/94 59 FR 35418
Final Action 02/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-003-94
Drafting attorney: Vincent G. Surabian (202) 622-4940.
Reviewer attorney: Norlyn Miller (202) 622-4940.
Treasury attorney: Mary Heath (202) 622-0868.
Agency Contact: Vincent G. Surabian, Attorney-Adviser (Tax), Department
of the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4940
RIN: 1545-AS79
_______________________________________________________________________
3086. DEPOSITS OF EXCISE TAX
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 6302
CFR Citation: 26 CFR 40
Legal Deadline: None
Abstract: Safe harbor rules relating to additional deposit of excise
taxes required by section 6302(e) and (f).
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/29/95 60 FR 44788
Final Action 05/00/96
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: PS-8-95
Drafting attorney: Ruth E. Hoffman (202) 622-3130.
Reviewing attorney: Jeffrey M. Nelson (202) 622-3130.
Agency Contact: Ruth E. Hoffman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AT25
_______________________________________________________________________
3087. IMPOSITION OF ACCURACY-RELATED PENALTY
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Notice of Proposed Rulemaking that provides guidance on the
imposition of the accuracy-related penalty under sections 6662(e) and
(h) and section 6664(c) for transactions between persons described in
section 482 and net section 482 transfer pricing adjustments.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: INTL-021-91.
Drafting attorney: Carolyn Fanaroff (202) 622-3880.
Reviewing attorney: George M. Sellinger (202) 874-1490.
Treasury attorney: Warren Crowdus (202) 622-1779.
Agency Contact: Carolyn D. Fanaroff, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3880
Fax: 202 622-4476
RIN: 1545-AS24
_______________________________________________________________________
3088. POLITICAL ACTIVITY INJUNCTION
Priority: Other Significant
Legal Authority: 26 USC 7409; 26 USC 6852; 26 USC 4955
CFR Citation: 26 CFR 53; 26 CFR 301
Legal Deadline: None
Abstract: The regulation will provide the procedures necessary to
provide a two-tiered test on political expenditures of section
501(c)(3) organizations and/or agreement to the expenditures by
organization managers, to enjoin and/or make termination assessments in
the case of a certain political expenditure by a section 501(c)(3)
organization.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/13/94 59 FR 64359
Final Action 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: EE-48-90.
Drafting attorney: Cynthia Morton (202) 622-6070.
Reviewing attorney: Paul Accettura (202) 622-6070.
Agency Contact: Cynthia Morton, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-6070
RIN: 1545-AO77
_______________________________________________________________________
3089. ACTUARIAL TABLES EXCEPTIONS
Priority: Other Significant
Legal Authority: 26 USC 7520
CFR Citation: 26 CFR 1.7520-3; 26 CFR 20.7520-3; 26 CFR 25.7520-3
Legal Deadline: None
Abstract: The regulations will provide for deviation from use of
actuarial tables that are prescribed in regulations under section 7520
of the Internal Revenue Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/10/94 59 FR 30180
NPRM Comment Period End 08/09/94 59 FR 30180
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-26-93
Drafting attorney: William L. Blodgett (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Agency Contact: William L. Blodgett, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3090
Fax: 202 622-4524
RIN: 1545-AR56
_______________________________________________________________________
3090. ENVIRONMENTAL SETTLEMENT FUNDS--CLASSIFICATION 7701
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 7701
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulations address the classification for Federal tax
purposes of an organization established as a trust pursuant to State
law that has as its primary purpose the remediation of a hazardous
waste site pursuant to an order of the Environmental Protection Agency
(EPA) or comparable State or local governmental entity.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/04/95 60 FR 39903
Final Action 06/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: PS-54-94
Drafting Attorney: James A. Quinn (202) 622-3060.
Reviewing Attorney: J. Thomas Hines (202) 622-3060.
Agency Contact: James A. Quinn, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
Phone: 202 622-3060
RIN: 1545-AT02
_______________________________________________________________________
3091. SPECIAL RULES FOR S CORPS UNDER 301.7701(B)-7
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 7701(b)
CFR Citation: 26 CFR 301; 26 CFR 602
Legal Deadline: None
Abstract: The regulation will provide rules that will permit a dual
resident S Corp shareholder, who has claimed a treaty benefit, to be
treated as a U.S. resident for purposes of section 1361(a)(1) of the
Code.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/27/92 57 FR 15272
NPRM Comment Period End 06/26/92 57 FR 15272
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-40-94
Drafting attorney: David A. Juster (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: P. Ann Fisher (202) 622-1755.
This regulation project was previously part of INTL-121-90
RIN: 1545-AP35.
Agency Contact: David A. Juster, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AS88
_______________________________________________________________________
3092. CERTAIN PUBLICLY TRADED PARTNERSHIPS TREATED AS CORPORATIONS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301; 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide rules relating to the
classification of publicly traded partnerships.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/02/95 60 FR 21475
Hearing 07/31/95 60 FR 21475
Final Action 11/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-13-88.
Drafting attorney: Christopher T. Kelley (202) 622-3080.
Reviewing attorney: William P. O'Shea (202) 622-3070.
Agency Contact: Christopher Kelley, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3080
RIN: 1545-AL57
_______________________________________________________________________
3093. CERTAIN ELECTIONS UNDER THE OMNIBUS BUDGET RECONCILIATION ACT
OF 1993
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provides guidance to the public relating to the time and
manner of making certain elections enacted as part of the Omnibus
Budget Reconciliation Act of 1993.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/27/93 58 FR 68336
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-62-93
Drafting Attorney: George Bradley (202) 622-8104.
Reviewing Attorney: Linda Kroening (202) 622-4800.
Agency Contact: George Bradley, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-6316
RIN: 1545-AS14
_______________________________________________________________________
3094. INFORMATION REPORTING FOR DISCHARGES OF INDEBTEDNESS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 602
Legal Deadline: None
Abstract: The proposed regulations provide rules for information
reporting on discharges of indebtedness by certain government and
financial entities.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/27/93 58 FR 68337
NPRM Comment Period End 03/30/94 58 FR 68337
Final Action 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: IA-63-93
Drafting attorney: Michael Schmit (202) 622-4960.
Reviewing attorney: Steve Toomey (202) 622-4960.
Agency Contact: Michael Schmit, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-6316
RIN: 1545-AS21
_______________________________________________________________________
3095. DISCLOSURE OF RETURN INFORMATION TO THE U.S. CUSTOMS SERVICE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; PL 103-182, sec 522
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The proposed regulations specify the procedure by which
return information may be disclosed to the U.S. Customs Service as
authorized by section 6103(l)(14) of the Code and describe the
conditions and restrictions on the use and redisclosure of that
information. The regulations limit the return information to be
disclosed to that relevant to the purpose authorized by the statute,
i.e. ascertaining the correctness of entries in Customs audits and
describe several aspects of this purpose to which requested return
information may relate. The regulations also provide for Customs' use
and redisclosure of the information to the extent necessary to collect
amounts due and owing as a result of those audits. The regulations will
result in some administrative costs to the IRS in retrieving the
requested data and is expected to result in increased revenues through
more effective enforcement of the Customs laws.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/11/94 59 FR 11566
NPRM Comment Period End 05/10/94 59 FR 11566
Final Action 10/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: DL-21-94.
Drafting attorney: Donald Squires (202) 622-4570.
Reviewing attorney: Joseph Urban (202) 622-4570.
Treasury attorney: Elizabeth Wagner (202) 622-1778.
Agency Contact: Donald Squires, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC
20224
Phone: 202 622-4570
RIN: 1545-AS52
_______________________________________________________________________
3096. SEALS OF OFFICE IN CONNECTION WITH IRC SECTION 7514
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulations would amend the available seals used by
Internal Revenue districts.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/03/95 60 FR 83
Final Action 03/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: GL-019-93
Drafting Attorney: Robert A. Walker (202) 622-3640.
Reviewing Attorney: Robert A. Miller (202) 622-3640.
Agency Contact: Robert A. Walker, Docket Attorney (General Litigation),
Department of the Treasury, Internal Revenue Service, 1111 Constitution
Ave. NW., Washington, DC 20224
Phone: 202 622-3640
RIN: 1545-AS61
_______________________________________________________________________
3097. HEDGING TRANSACTIONS BY MEMBERS OF CONSOLIDATED GROUPS
Priority: Other Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 26 USC 7805; 26 USC 1502; 26 USC 6001
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Regulations relate to the character and timing of gain or
loss hedging transactions entered into by members of a consolidated
group.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/18/94 59 FR 36394
NPRM Comment Period End 09/26/94 59 FR 36394
Hearing 10/18/94 59 FR 36394
Final Action 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: FI-34-94.
Drafting attorney: Jo Lynn Ricks (202) 622-3920.
Reviewing attorney: Mike Novey (202) 622-3267.
Treasury attorney: David Weisbach (202) 622-1129.
Treasury attorney: Mary Heath (202) 622-0868.
Agency Contact: Jo Lynn Ricks, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave. NW., Washington DC
20224
Phone: 202 622-3920
RIN: 1545-AS75
_______________________________________________________________________
3098. DEBT INSTRUMENTS WITH OID; ANNUITY CONTRACTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1275(d)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations determine which annuity contracts issued by
banks are debt instruments for purposes of OID regs.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/07/95 60 FR 17731
NPRM Comment Period End 07/18/95 60 FR 17731
Hearing 08/08/95 60 FR 17731
Final Action 12/00/95
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: FI-33-94.
Drafting attorney: Jeffrey Maddrey (202) 622-3940.
Reviewing attorney: Andrew Kittler (202) 622-3940.
Agency Contact: Andrew Kittler, Senior Technical Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3940
RIN: 1545-AS76
_______________________________________________________________________
3099. NONBANK TRUSTEE NET WORTH REQUIREMENTS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This project will revise regulations that will provide rules
for insuring adequacy of net worth for nonbank trustees.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/06/94 59 FR 62644
NPRM Comment Period End 01/05/95 59 FR 62644
Final Action 12/00/95
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: EE-38-94
Drafting attorney: Judith E. Alden (202) 622-6030.
Reviewing attorney: Nancy J. Marks (202) 622-6000.
Treasury attorney: Elizabeth Buchbinder (202) 622-1352.
Agency Contact: Judith E. Alden, Attorney, Department of the Treasury,
Internal Revenue Service, 1111Constiution Ave. NW., Washington, DC
20224
Phone: 202 622-6030
RIN: 1545-AS92
_______________________________________________________________________
3100. REISSUANCE OF QUALIFIED TENDER BONDS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1.150
Legal Deadline: None
Abstract: The proposed regulation provides rules for determining
whether certain events will cause ``qualified tender bonds'' to be
treated as retired and reissued for purposes of applying sections 103,
141-150, 1394, and 7871 and whether banks have acquired tax-exempt
bonds under section 265.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 12/00/95
Small Entities Affected: None
Government Levels Affected: State, Local, Tribal
Additional Information: FI-58-94.
Drafting attorney: Nancy Lashnits (202) 622-3980.
Reviewing attorney: Lon Smith (202) 622-3980.
Agency Contact: Nancy M. Lashnits, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3980
RIN: 1545-AT10
_______________________________________________________________________
3101. MODIFICATIONS OF BAD DEBT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation project will provide guidance to taxpayers
that modify the terms of a debt instrument after deducting an amount
for partial worthlessness.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Temporary Regulation 12/00/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-59-94.
Drafting attorney: Craig Wojay (202) 622-3018.
Reviewing attorney: Bernita Thigpen (202) 622-3491.
Agency Contact: Craig Wojay, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3018
RIN: 1545-AT14
_______________________________________________________________________
3102. METHODS OF SIGNING
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301; 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance to the public for
filing returns, statements, or other documents electronically with an
electronic signature.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/21/95 60 FR 37621
Final Action 01/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-10-95
Drafting attorney: Celia Gabrysh (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.
Agency Contact: Celia Gabrysh, Attorney-Adviser (Tax), Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-6316
RIN: 1545-AT23
_______________________________________________________________________
3103. STRADDLES - MISCELLANEOUS ISSUES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This project holds equity swaps to be straddles.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 05/02/95 60 FR 21482
Final Action 07/00/96
Small Entities Affected: None
Government Levels Affected: None
Additional Information: FI-21-95.
Drafting attorney: Robert Williams (202) 622-3960.
Reviewing attorney: Alice Bennett (202) 622-3960.
Treasury attorney: Clarissa Potter (202) 622-0999.
Agency Contact: Robert Williams, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224, `
Phone: 202 622-3960
Fax: 202 622-4425
RIN: 1545-AT46
_______________________________________________________________________
3104. BACKUP WITHHOLDING
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 31; 26 CFR 35a; 26 CFR 301; 26 CFR 602
Legal Deadline: None
Abstract: To provide rules relating to the requirement to backup
withhold on certain reportable payments.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 09/27/90 55 FR 39427
NPRM Comment Period End 01/25/91 55 FR 39427
Final Action 10/00/95
Small Entities Affected: Businesses, Governmental Jurisdictions,
Organizations
Government Levels Affected: State, Local, Federal
Additional Information: IA-31-95.
Drafting attorney: Renay France (202) 622-4910.
Reviewing attorney: John Coulter (202) 622-4910.
Treasury attorney: E. Wagner (202) 622-1778.
Agency Contact: Renay France, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20024
Phone: 202 622-4910
Fax: 202 622-6316
RIN: 1545-AT76
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Long-Term Actions
Internal Revenue Service (IRS)
_______________________________________________________________________
3105. REISSUANCE OF MORTGAGE CREDIT CERTIFICATES (CROSS-REFERENCE
TO TEMPORARY REGULATIONS)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/22/93 58 FR 67744
NPRM Comment Period End 02/22/94 59 FR 807
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: L. Michael Wachtel
Phone: 202 622-3980
RIN: 1545-AR76
_______________________________________________________________________
3106. DISABLED ACCESS CREDIT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 0044(e)
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: Mark Pitzer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4524
RIN: 1545-AT72
_______________________________________________________________________
3107. TEN PERCENT ADDITIONAL TAX ON EARLY DISTRIBUTION FROM
QUALIFIED PLANS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: Undetermined
Agency Contact: Rebecca Wilson
Phone: 202 622-6040
RIN: 1545-AN16
_______________________________________________________________________
3108. EXCLUSION FROM INCOME OF CERTAIN COST-SHARING
PAYMENTS UNDER GOVERNMENT PROGRAMS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 0126; 26 USC 1255
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations implement sections 126 and 1255, which were
added to the Code by section 543 of the Revenue Act of 1978 and amended
by section 105(a)(7) of the Technical Corrections Act of 1979. Section
126 provides an exclusion from income of a portion (or all) of certain
cost-sharing payments made to a person under any programs described in
section 126(a) which is determined by the Secretary of Agriculture to
be made primarily for the purpose of conserving soil and water
resources, protecting or restoring the environment, improving forests,
or providing a habitat for wildlife, and is determined by the Secretary
of Treasury or his delegate as not increasing substantially the annual
income derived from the property. Section 1255 provides recapture
provisions for early disposition of section 126 property.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-222-78
Drafting attorney: A. Michael Santoro (202) 622-3120.
Reviewing attorney: Christine Ellison (202) 622-3120.
Agency Contact: A. Michael Santoro, Tax Law Specialist, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3120
RIN: 1545-AT73
_______________________________________________________________________
3109. QUALIFIED RESIDENCE INTEREST
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Sharon L. Hall
Phone: 202 622-4930
RIN: 1545-AL67
_______________________________________________________________________
3110. LEASE TERM; EXCHANGES OF TAX-EXEMPT USE PROPERTY
Priority: Other Significant
CFR Citation: 26 CFR 1
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/21/95 60 FR 19868
Hearing 08/02/95 60 FR 10868
Final Action 12/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: John M. Aramburu
Phone: 202 622-4960
RIN: 1545-AT33
_______________________________________________________________________
3111. SCOPE OF GENERAL UTILITIES REPEAL
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Agency Contact: Stephen R. Cleary
Phone: 202 622-7530
RIN: 1545-AN21
_______________________________________________________________________
3112. SECTION 338(H)(10) AND INSURANCE COMPANIES
Priority: Other Significant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Gary Geisler
Phone: 202 622-3970
RIN: 1545-AS56
_______________________________________________________________________
3113. REVISING THE DEFINITION OF THE FULL FUNDING LIMITATION FOR
PURPOSES OF THE MINIMUM FUNDING REQUIREMENT FOR PENSION PLANS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Linda Marshall
Phone: 202 622-6030
RIN: 1545-AL53
_______________________________________________________________________
3114. GUIDANCE ON WHAT CONSTITUTES AN INTEREST OTHER THAN THAT OF A
CREDITOR
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Jeffrey Erickson
Phone: 202 622-3080
RIN: 1545-AO32
_______________________________________________________________________
3115. GUIDANCE ON SECTION 468
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 0468
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Guidance on the application of special rules for mining and
solid waste reclamation and closing costs.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-28-95
Drafting attorney: Mary A. Berman (202) 622-3120.
Reviewing attorney: Joseph Makurath (202) 622-3120.
Agency Contact: Mary A. Berman, Department of the Treasury, Internal
Revenue Service
Phone: 202 622-3120
RIN: 1545-AT59
_______________________________________________________________________
3116. APPLICATION OF PASSIVE ACTIVITY LOSS AND CREDIT LIMITATIONS
TO TRUSTS, ESTATES, AND THEIR BENEFICIARIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: Katherine Mellody
Phone: 202 622-3090
RIN: 1545-AN62
_______________________________________________________________________
3117. INVENTORIES BY DEALERS IN SECURITIES SECTION 1.471-5
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Nicholos G. Bogos
Phone: 202 622-3920
RIN: 1545-AS57
_______________________________________________________________________
3118. TREATMENT OF DEFERRED PAYMENTS AND APPRECIATION ARISING OUT
OF BUSINESS CONDUCTED WITHIN THE UNITED STATES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/96
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Kristine K. Schlaman
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AM53
_______________________________________________________________________
3119. DEEMED PAID CREDIT UNDER SECTION 902 DETERMINED ON
ACCUMULATED BASIS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/06/95 60 FR 2049
NPRM Comment Period End 04/10/95 60 FR 2049
Final Action 12/00/96
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: Caren S. Shein
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AL98
_______________________________________________________________________
3120. AMENDMENT TO SUBPART F DEFINITIONS
Priority: Other Significant
CFR Citation: 26 CFR 1.954-2(b); 26 CFR 1.954-2(g); 26 CFR 1.954-2(h)
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 09/07/95 60 FR 46548
Hearing 01/04/96 60 FR 46548
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: Undetermined
Agency Contact: Valerie A. Mark
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AR31
_______________________________________________________________________
3121. CONTINGENT AND VARIABLE DEBT INSTRUMENTS
Priority: Other Significant
CFR Citation: 26 CFR 1
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/16/94 59 FR 64884
NPRM Comment Period End 03/16/95 59 FR 64884
Hearing 03/16/95 60 FR 64884
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: William E. Blanchard
Phone: 202 622-3950
RIN: 1545-AQ86
_______________________________________________________________________
3122. DEBT INSTRUMENTS WITH ORIGINAL ISSUE DISCOUNT: ANTI-ABUSE
RULE
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 02/02/94 59 FR 4878
NPRM Comment Period End 04/04/94 59 FR 4878
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: William E. Blanchard
Phone: 202 622-3950
RIN: 1545-AS35
_______________________________________________________________________
3123. CONSOLIDATED ALTERNATIVE MINIMUM TAX
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/30/92 57 FR 62251
Final Action 10/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Martin Scully
Phone: 202 622-4960
RIN: 1545-AN73
_______________________________________________________________________
3124. ESTATE TAX-VALUATION OF CERTAIN FARM, ETC., REAL
PROPERTY
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 2032A; 26 USC 2013(f); 26 USC
1040; 26 USC 1016(c)
CFR Citation: 26 CFR 1; 26 CFR 20
Legal Deadline: None
Abstract: Special use valuation of certain farm closely held business
real property is available to qualifying estates. The regulation will
contain definitions and rules relating to the various requirements
which an estate must satisfy and will provide rules covering the
imposition and payment of the ``Additional Estate Tax'' should a
qualified heir fail to meet the post-death requirements.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/96
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-209-81
Drafting attorney: Deborah Ryan (202) 622-3090.
Reviewing attorney: Frances Schafer (202) 622-3090.
Agency Contact: Deborah Ryan, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service
Phone: 202 622-3090
Fax: 202 622-4524
RIN: 1545-AT66
_______________________________________________________________________
3125. ESTATE TAX--ANNUITY EXCLUSION REPEAL
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 20
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: William L. Blodgett
Phone: 202 622-3090
RIN: 1545-AP60
_______________________________________________________________________
3126. REFORMATION OF CHARITABLE TRANSFERS-DEFINITION OF
GUARANTEED ANNUITY AND LEAD UNITRUST INTEREST
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 2055(e)(13)
CFR Citation: 26 CFR 20
Legal Deadline: None
Abstract: This regulation will address: (1) Defining commencement under
the 90-day rule; (2) Defining what is a reformable interest; (3)
Reforming a remainder interest in a trust.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-70-89
Drafting attorney: Esther Woodworth (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Agency Contact: Esther Woodworth, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service
Phone: 202 622-3090
Fax: 202 622-4524
RIN: 1545-AT65
_______________________________________________________________________
3127. EXCEPTION FROM SUPPLEMENTAL TAX
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: The regulations will provide guidance to railroad employees
in applying the exception to supplemental annuity tax with respect to
employees covered by a supplemental pension plan.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: None
Additional Information: EE-22-95.
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: Mary F. Oppenheimer (202) 622-6010.
Treasury attorney: Kevin Knopf (202) 622-2329.
Agency Contact: Linda Marshall, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-6030
RIN: 1545-AT56
_______________________________________________________________________
3128. INFORMATION REPORTING AND BACKUP WITHHOLDING
Priority: Other Significant
CFR Citation: 26 CFR 1; 26 CFR 31; 26 CFR 35a
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 02/29/88 53 FR 05991
Hearing 06/15/89 54 FR 11236
Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Agency Contact: Teresa B. Hughes
Phone: 202 622-3880
Fax: 202 622-4476
RIN: 1545-AL99
_______________________________________________________________________
3129. TREATMENT OF REAL ESTATE AGENTS AND DIRECT SELLERS AS
NONEMPLOYEES FOR EMPLOYMENT TAX PURPOSES--REPORTING REQUIREMENTS WITH
RESPECT TO DIRECT SELLERS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 31
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 01/07/86 51 FR 619
NPRM Comment Period End 03/10/86 51 FR 619
Hearing 06/18/86
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Alfred Kelley
Phone: 202 622-6040
RIN: 1545-AE62
_______________________________________________________________________
3130. COMMUNICATIONS TAX REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 49
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM 07/31/92 57 FR 33918
NPRM 10/00/96
Small Entities Affected: Businesses
Government Levels Affected: Undetermined
Agency Contact: Bernard Weberman
Phone: 202 622-4524
RIN: 1545-AP67
_______________________________________________________________________
3131. 6114 REPORTING REQUIREMENTS WAIVED
Priority: Other Significant
CFR Citation: 26 CFR 301; 26 CFR 602
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/27/92 57 FR 15272
NPRM Comment Period End 06/26/92 57 FR 15272
Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: Undetermined
Agency Contact: David A. Juster
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AP35
_______________________________________________________________________
3132. INTERIM FISHING VESSEL CAPITAL CONSTRUCTION FUND PROCEDURES
Priority: Other Significant
CFR Citation: 26 CFR 3
Timetable: Next Action Undetermined
Small Entities Affected: Businesses, Organizations
Government Levels Affected: Undetermined
Agency Contact: David Selig
Phone: 202 622-3040
Fax: 202 622-4524
RIN: 1545-AS69
_______________________________________________________________________
3133. GUIDANCE FOR AIR CARGO CARRIERS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 49
Legal Deadline: None
Abstract: This project is intended to provide guidance to carriers of
air cargo regarding their responsibility to collect the tax provided by
section 4271 of the Code. Specifically, the regulation should provide
clarification of the meaning of the term ``amount paid for the
transportation of property by air.''
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-14-95.
Drafting attorney: Bernard Weberman (202) 622-3130.
Reviewing attorney: Edward Madden (202) 622-3130.
Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AT30
_______________________________________________________________________
3134. CERTAIN FRINGE BENEFITS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The purpose of this project is to change the section 132
regulations to conform with the amendment to section in the Energy
Policy Act of 1992.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: State, Local, Tribal, Federal
Additional Information: EE-73-92.
Drafting attorney: Dean Morley (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Agency Contact: Dean Morley, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, Room 5333
Phone: 202 622-6040
Fax: 202 622-4631
RIN: 1545-AT45
_______________________________________________________________________
3135. EFFECT OF THE FAMILY AND MEDICAL LEAVE ACT ON THE
OPERATION OF CAFETERIA PLANS
Priority: Other Significant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation contains proposed additions to the Income Tax
regulations under section 125 of the Internal Revenue Code, relating to
cafeteria plans, to answer a number of questions that have been raised
about how the requirements under the Family and Medical Leave Act of
1993, PL 103-3, affect the operations of cafeteria plans.
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Additional Information: EE-20-95.
Reviewing attorney: Harry Beker (202) 622-6080.
Treasury attorney: Mark Hamelburg (202) 622-1341.
Agency Contact: Catherine Fuller, Paralegal Specialist, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224, CC:EBEO:6
Phone: 202 622-6080
Fax: 202 622-3912
RIN: 1545-AT47
_______________________________________________________________________
3136. PROPERTY DISTRIBUTED IN KIND AND TREATMENT OF
MULTIPLE TRUSTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
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.
Timetable: Next Action Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: PS-34-85
Drafting attorney: Laura Howell (202) 622-3060.
Reviewing attorney: Thomas J. Hines (202) 622-3060.
Agency Contact: Laura Howell, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4524
RIN: 1545-AT68
_______________________________________________________________________
3137. AMORTIZATION-GOODWILL INTANGIBLES 197
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; PL 103-66
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This temporary regulation is intended to provide guidance to
taxpayers on the manner of electing retroactive treatment for
amortization of intangibles acquired after July 25, 1991, and the rules
for implementing such election.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/15/94 59 FR 11957
Next Action Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: PS-55-93
Drafting attorney: John Huffman (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Agency Contact: John Huffman, Department of the Treasury, Internal
Revenue Service
Phone: 202 622-3110
RIN: 1545-AT70
_______________________________________________________________________
3138. TO ADD PROVISIONS RELATING TO START-UP EXPENDITURES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will 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: Undetermined
Additional Information: PS-36-81
Drafting attorney: David Selig (202) 622-3040.
Reviewing attorney: James Ranson (202) 622-3040.
Agency Contact: David Selig, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service
Phone: 202 622-3040
Fax: 202 622-4524
RIN: 1545-AT71
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Internal Revenue Service (IRS)
_______________________________________________________________________
3139. ALLOWANCES RECEIVED BY MEMBERS OF THE ARMED FORCES IN
CONNECTION WITH MOVES TO NEW PERMANENT DUTY STATIONS
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8607 08/07/95 60 FR 40075
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Marilyn E. Brookens
Phone: 202 622-4920
RIN: 1545-AS98
_______________________________________________________________________
3140. REVISION OF SECTION 83 DEDUCTION RULES
Priority: Other Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8599 07/19/95 60 FR 36995
Small Entities Affected: Businesses, Governmental Jurisdictions,
Organizations
Government Levels Affected: None
Agency Contact: Charles T. Deliee
Phone: 202 622-6060
RIN: 1545-AN55
_______________________________________________________________________
3141. LOBBYING EXPENSE DEDUCTIONS--DUES
Priority: Other Significant
CFR Citation: 26 CFR 1.162(e)
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8602 07/21/95 60 FR 37568
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: George Kelley
Phone: 202 622-4920
RIN: 1545-AS18
_______________________________________________________________________
3142. ALLOCATION OF EXPENSES TO LOBBYING
Priority: Other Significant
CFR Citation: 26 CFR 1.162(e)
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8602 07/21/95 60 FR 37568
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: George Kelley
Phone: 202 622-4920
RIN: 1545-AS26
_______________________________________________________________________
3143. RECAPTURE--CLEAN FUEL/ELECTRIC VEHICLES
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8606 08/03/95 60 FR 39649
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Joanne Johnson
Phone: 202 622-3060
Fax: 202 622-4524
RIN: 1545-AR23
_______________________________________________________________________
3144. DISTRIBUTIONS BY COOPERATIVE HOUSING ASSOCIATION
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Closed Without Regulations 08/21/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Lisa Shuman
Phone: 202 622-3120
RIN: 1545-AO91
_______________________________________________________________________
3145. RULES FOR TREATMENT OF FOREIGN CORPORATION WHOSE STOCK IS
STAPLED TO THE STOCK OF A DOMESTIC CORPORATION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Patricia A. Bray
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AN20
_______________________________________________________________________
3146. COMBINING TRANSACTIONS
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Keith E. Stanley
Phone: 202 622-7530
RIN: 1545-AT20
_______________________________________________________________________
3147. VALUATION OF PLAN DISTRIBUTION
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8591 04/05/95 60 FR 17216
Final Action Effective 04/05/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Linda Marshall
Phone: 202 622-6030
RIN: 1545-AT28
_______________________________________________________________________
3148. EFFECTIVE DATES OF THE ECONOMIC PERFORMANCE REQUIREMENTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8593 04/13/95 60 FR 18742
Final Action Effective 04/13/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: James Atkinson
Phone: 202 622-4910
RIN: 1545-AT16
_______________________________________________________________________
3149. TREATMENT OF INCOME AND EXPENSES WITH RESPECT TO FORECLOSED
PROPERTY BY CERTAIN MUTUAL SAVINGS INSTITUTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Closed Without Regulations 08/17/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Arnold Golub
Phone: 202 622-3950
RIN: 1545-AS78
_______________________________________________________________________
3150. INCOME TAXATION OF TRUST AND ESTATE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 0672; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide rules regarding taxation of
certain grantor trusts.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: PS-018-93
Drafting attorney: James Quinn (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060.
Agency Contact: James A. Quinn, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-3060
Fax: 202 622-4524
RIN: 1545-AT67
_______________________________________________________________________
3151. FOREIGN GRANTOR TRUSTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Joseph Henderson
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AO75
_______________________________________________________________________
3152. PARTNERSHIP LIABILITIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Closed Without Regulations 04/03/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Mary A. Berman
Phone: 202 622-3050
RIN: 1545-AR62
_______________________________________________________________________
3153. TAXATION OF FOREIGN INSURANCE COMPANIES DOING BUSINESS IN THE
UNITED STATES, INCLUDING THE EXPLICATION OF THE MINIMUM NET INVESTMENT
INCOME CALCULATION
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Closed Without Regulations 08/17/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Katherine A. Hossofsky
Phone: 202 622-3477
Fax: 202 622-4425
RIN: 1545-AN31
_______________________________________________________________________
3154. FOREIGN INSURANCE COMPANIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Mary Gillmarten
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AL82
_______________________________________________________________________
3155. SPECIAL RULES FOR DETERMINING SOURCE
Priority: Other Significant
CFR Citation: 26 CFR 1.863-1(d)
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8615 08/25/95 60 FR 44274
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: David F. Bergkuist
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AQ81
_______________________________________________________________________
3156. SPECIAL RULES FOR DETERMINING SOURCES OF PRIZES AND
AWARDS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 0863(a)
CFR Citation: 26 CFR 1.863-1(d)
Legal Deadline: None
Abstract: The regulations provide rules for determining the source of
certain prizes, awards, and grants.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-027-95.
Drafting attorney: David Bergkuist (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Warren Crowdus (202) 622-1779.
Agency Contact: David Bergkuist, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AT53
_______________________________________________________________________
3157. SPECIAL RULES FOR DETERMINING SOURCES OF PRIZES AND
AWARDS
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 0863(a)
CFR Citation: 26 CFR 1.863-1(d)
Legal Deadline: None
Abstract: The regulations provide rules for determining the source of
certain prizes, awards, and grants.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Additional Information: INTL-027-95.
Drafting attorney: David Bergkuist (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Warren Crowdus (202) 622.1779.
Agency Contact: David Bergkuist, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AT54
_______________________________________________________________________
3158. PROPOSED REGULATIONS UNDER SECTION 1.884-3
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Sharon Bomgardner
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AQ72
_______________________________________________________________________
3159. DIVIDEND WITHHOLDING--LUXEMBOURG CORPORATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Joseph S. Henderson
Phone: 202 622-3880
Fax: 202 622-4476
RIN: 1545-AQ54
_______________________________________________________________________
3160. SECTION 905(B) REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Carl M. Cooper
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AP36
_______________________________________________________________________
3161. FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS
RECEIVED, DEDUCTION, AND OTHER SPECIAL RULES FOR FSC
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Richard L. Chewning
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AI16
_______________________________________________________________________
3162. SOURCE RULES WITHIN THE VIRGIN ISLANDS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Ricardo A. Cadenas
Phone: 202 874-1490
Fax: 202 874-1896
RIN: 1545-AL40
_______________________________________________________________________
3163. SUBPART F--USE OF DEFICITS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Valerie A. Mark
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AJ71
_______________________________________________________________________
3164. SUBPART F DEFINITIONS
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8618 09/07/95 60 FR 46500
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Lisa G. Sams
Phone: 202 622-3840
Fax: 202 622-4476
RIN: 1545-AM15
_______________________________________________________________________
3165. DEEMED-PAID CREDIT UNDER SECTION 960, DETERMINED ON
ACCUMULATED BASIS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Caren S. Shein
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AQ34
_______________________________________________________________________
3166. EFFECT OF ACQUISITIVE REORGANIZATIONS ON EARNINGS AND PROFITS
POOLS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Caren S. Shein
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AO71
_______________________________________________________________________
3167. DISC REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Leslie B. Van Der Wal
Phone: 202 622-3850
Fax: 202 622-4476
RIN: 1545-AM05
_______________________________________________________________________
3168. INCOME TAX--TAX REFORM ACT OF 1984 RELATING TO INTEREST
CHARGE DISCS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: David Bergkuist
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AG71
_______________________________________________________________________
3169. SECTION 1244, INFORMATION STATEMENT
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8594 04/28/95 60 FR 20898
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Kirsten Simpson
Phone: 202 622-7790
RIN: 1545-AS97
_______________________________________________________________________
3170. INCOME TAX--DEFINITION OF S CORPORATION
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8600 07/21/95 60 FR 37578
Final Action Effective 07/21/95
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Laura Howell
Phone: 202 622-3060
Fax: 202 622-4524
RIN: 1545-AE86
_______________________________________________________________________
3171. CONSOLIDATED GROUPS AND CONTROLLED GROUPS--INTERCOMPANY
TRANSACTIONS AND RELATED RULES
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Closed Without Regulations 08/23/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Roy Hirschhorn
Phone: 202 622-7770
RIN: 1545-AL63
_______________________________________________________________________
3172. MEMBER STOCK TRANSACTIONS (TEMPORARY)
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The rules disallow less and exclude gain for certain
dispositions and other transactions involving stock of the common
parent of a consolidated group. The rules prevent taxpayers from
recognizing certain gains and losses on common parent stock that would
not be recognized if a consolidated group were treated as a single
entity.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action TD 8598 07/12/95 60 FR 36669
Final Action Effective 07/12/95 60 FR 36669
Small Entities Affected: None
Government Levels Affected: None
Additional Information: CO-24-95.
Drafting attorney: David Kessler (202) 622-7770.
Reviewing attorney: Victor Penico (202) 622-7750.
Treasury attorney: David Weisbach (202) 622-7710.
Agency Contact: Victor Penico, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-7750
Fax: 202 622-6834
RIN: 1545-AT50
_______________________________________________________________________
3173. INTERCOMPANY TRANSACTIONS AND RELATED RULES
Priority: Other Significant
Legal Authority: 26 USC 7805; 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation provides guidance relating to the treatment of
intercompany transactions and distributions between members of a
consolidated group.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 04/15/94 59 FR 18011
NPRM Comment Period End 07/18/94 59 FR 18011
Final Action TD 8597 07/12/95 60 FR 36671
Small Entities Affected: None
Government Levels Affected: None
Additional Information: CO-11-91.
Drafting attorney: Roy Hirschhorn (202) 622-7770.
Reviewing attorney: Edward S. Cohen (202) 622-7760.
Treasury attorney: David Weisbach (202) 622-1129.
Treasury attorney: Seth Green (202) 622-0865.
Agency Contact: Roy Hirschhorn, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-7770
RIN: 1545-AT58
_______________________________________________________________________
3174. INCOME TAX--INCLUDIBILITY IN AN AFFILIATED GROUP OF
SUBSIDIARIES FORMED TO COMPLY WITH FOREIGN LAWS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Kenneth Allison
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AC58
_______________________________________________________________________
3175. ALIEN SPOUSE MARITAL DEDUCTION
Priority: Other Significant
CFR Citation: 26 CFR 20; 26 CFR 25
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8612 08/22/95 60 FR 43531
Final Action Effective 08/22/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Susan Hurwitz
Phone: 202 622-3090
RIN: 1545-AM85
_______________________________________________________________________
3176. QDOT SECURITY REQUIREMENTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 20
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8613 08/22/95 60 FR 43554
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Susan Hurwitz
Phone: 202 622-3090
RIN: 1545-AS67
_______________________________________________________________________
3177. BACKUP WITHHOLDING UNDER SECTION 3406
Priority: Other Significant
CFR Citation: 26 CFR 31
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8409 04/15/92 57 FR 13028
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Renay France
Phone: 202 622-4910
RIN: 1545-AE20
_______________________________________________________________________
3178. CLARIFYING AMENDMENTS TO SECTION 35A.3406-1 REGARDING BACKUP
WITHHOLDING DUE TO AN INCORRECT TIN
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8409 04/15/92 57 FR 13028
Small Entities Affected: Businesses, Governmental Jurisdictions,
Organizations
Government Levels Affected: State, Local, Federal
Agency Contact: Renay France
Phone: 202 622-4910
RIN: 1545-AM51
_______________________________________________________________________
3179. DIESEL FUEL TAX--GASOHOL
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 48.4081
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8609 08/07/95 60 FR 40079
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Frank Boland
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AS10
_______________________________________________________________________
3180. 6046A - RETURNS AS TO INTERESTS IN FOREIGN PARTNERSHIPS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Sharon Bomgardner
Phone: 202 622-3860
Fax: 202 622-4476
RIN: 1545-AK75
_______________________________________________________________________
3181. SECTION 6048 REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Project closed or suspended.
Guidance unnecessary or
currently low priority. 10/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Joseph S. Henderson
Phone: 202 622-3880
Fax: 202 622-4479
RIN: 1545-AR25
_______________________________________________________________________
3182. EXTENSION OF TIME TO FILE
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Closed Without Regulations 09/06/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Margaret Owens
Phone: 202 622-4940
RIN: 1545-AR85
_______________________________________________________________________
3183. DEPOSITS OF EXCISE TAX
Priority: Other Significant
CFR Citation: 26 CFR 40
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8616 08/29/95 60 FR 44758
Final Action Effective 08/01/95
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Agency Contact: Ruth E. Hoffman
Phone: 202 622-3130
Fax: 202 622-4524
RIN: 1545-AT26
_______________________________________________________________________
3184. REVISE DISCLOSURE STANDARD FOR ACCURACY-RELATED PENALTY
REGULATIONS
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8617 09/01/95 60 FR 45661
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Rochelle Hodes
Phone: 202 622-4940
RIN: 1545-AS58
_______________________________________________________________________
3185. REDEMPTIONS OF REAL PROPERTY UNDER IRC 7425--EXCESS EXPENSES
Priority: Other Significant
CFR Citation: 26 CFR 301
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8596 06/02/95 60 FR 28719
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Robert A. Walker
Phone: 202 622-4208
RIN: 1545-AL20
_______________________________________________________________________
3186. TAXABLE MORTGAGE POOLS
Priority: Other Significant
CFR Citation: 26 CFR 301
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8610 08/07/95 60 FR 40086
Final Action Effective 09/06/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Arnold P. Golub
Phone: 202 622-3950
RIN: 1545-AP98
_______________________________________________________________________
3187. REGULATIONS DEALING WITH CONDUIT ARRANGEMENTS
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8611 08/11/95 60 FR 40997
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Elissa Shendalman
Phone: 202 622-3870
Fax: 202 622-4476
RIN: 1545-AS40
_______________________________________________________________________
3188. ENVIRONMENTAL SETTLEMENT FUNDS - CLASSIFICATION
Priority: Other Significant
CFR Citation: 26 CFR 301
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Closed Without Regulations 08/21/95
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: James A. Quinn
Phone: 202 622-3060
Fax: 202 622-4524
RIN: 1545-AT34
_______________________________________________________________________
3189. INCOME TAX--PRESUMPTION OF JEOPARDY IN THE CASE OF ILLEGAL
ACTIVITY CASH
Priority: Other Significant
CFR Citation: 26 CFR 301
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8605 08/03/95 60 FR 39652
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Jerome D. Sekula
Phone: 202 622-3640
RIN: 1545-AE30
_______________________________________________________________________
3190. PROCEDURE AND ADMINISTRATION REGULATIONS--PAYMENT OF TAXES BY
CHECK OR MONEY ORDER AND LIABILITY OF FINANCIAL INSTITUTIONS FOR UNPAID
TAXES
Priority: Other Significant
CFR Citation: 26 CFR 301
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8595 04/28/95 60 FR 20899
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Robert A. Walker
Phone: 202 622-3640
RIN: 1545-AI24
_______________________________________________________________________
3191. LIABILITY OF THIRD PARTIES PAYING OR PROVIDING FOR WAGES,
SUIT, AND ITS EXTENSION AND MAXIMUM AMOUNT RECOVERABLE
Priority: Other Significant
CFR Citation: 26 CFR 31
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8604 08/01/95 60 FR 39109
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Robert A. Walker
Phone: 202 622-3640
RIN: 1545-AS22
_______________________________________________________________________
3192. REMIC VARIABLE INTEREST RATES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8614 08/17/95 60 FR 42785
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: William Cejudo
Phone: 202 622-3920
RIN: 1545-AS54
_______________________________________________________________________
3193. LOBBYING EXPENSES
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8602 07/21/95 60 FR 37568
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: George Kelley
Phone: 202 622-4920
RIN: 1545-AS65
_______________________________________________________________________
3194. DEFINITION OF ``CLUB''
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8601 07/19/95 60 FR 36993
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Michael L. Gompertz
Phone: 202 622-4910
RIN: 1545-AS71
_______________________________________________________________________
3195. ACCURACY-RELATED PENALTY; REASONABLE CAUSE AND GOOD FAITH
EXCEPTION (GATT)
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action TD 8617 09/01/95 60 FR 45661
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Rochelle Hodes
Phone: 202 622-4940
RIN: 1545-AT13
_______________________________________________________________________
3196. METHODS OF SIGNING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: The temporary regulations clarify that the IRS may prescribe
the specific method of signing any return, statement, or other
document. The regulations also provide that the IRS may require a
return preparer to use a method of signing other than a pen-to-paper
signature or a facsimile signature stamp.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action TD 8603 07/21/95 60 FR 37589
Small Entities Affected: None
Government Levels Affected: None
Additional Information: IA-10-95
Drafting attorney: Celia Gabrysh (202) 622-4940.
Agency Contact: Celia Gabrysh, Attorney-Adviser, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW.,
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-6316
RIN: 1545-AT57
BILLING CODE 4830-01-F
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________
3197. COMMUNITY REINVESTMENT ACT HEARING PROCEDURES
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464;
12 USC 1467a; 12 USC 2901 et seq
CFR Citation: 12 CFR 543
Legal Deadline: None
Abstract: The OTS intends to rewrite its regulatory provisions
concerning the determination of whether CRA protests are considered
substantial. The intended effect of the rule is to give OTS additional
discretion, paralleling that of the other Federal banking agencies,
over whether to conduct oral hearings.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 11/00/95
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: John M. Flannery, Senior Attorney, Regulations &
Legislation Divisions, Department of the Treasury, Office of Thrift
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7293
RIN: 1550-AA83
_______________________________________________________________________
3198. REGULATORY REVIEW
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will eliminate existing text in the CFR.
Legal Authority: 5 USC 301; 5 USC 375b; 5 USC 552; 5 USC 559; 12 USC
1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467; 12 USC
1467a; 12 USC 1468; 12 USC 11701j-3; 12 USC 1817; 12 USC 1828; 12 USC
2901 et seq; ...
CFR Citation: 12 CFR 500; 12 CFR 504; 12 CFR 510; 12 CFR 515; 12 CFR
529; 12 CFR 533; 12 CFR 543; 12 CFR 545; 12 CFR 552; 12 CFR 556; 12 CFR
562; 12 CFR 563; 12 CFR 563d; 12 CFR 563g; 12 CFR 567; ...
Legal Deadline: None
Abstract: Pursuant to the President's Regulatory Review Initiative, OTS
has completed a page-by-page review of all agency regulations to
determine whether each regulation is necessary, imposes the least
burden possible consistent with safety and soundness, and is written in
a clear, straightforward manner. The OTS has issued a notice of
proposed rulemaking based upon the results of this review.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 08/28/95 60 FR 44442
NPRM Comment Period End 10/27/95 60 FR 44442
Final Action 12/00/95
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Valerie J. Lithotomos, Counsel (Banking and Finance),
Regulations & Legislation Division, Department of the Treasury, Office
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6439
RIN: 1550-AA85
_______________________________________________________________________
3199. FLOOD INSURANCE
Priority: Substantive, Nonsignificant
Legal Authority: 42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC
4106; 42 USC 4128
CFR Citation: 12 CFR 563; 12 CFR 572
Legal Deadline: None
Abstract: The OTS and the other Federal banking agencies are
considering issuing a notice of proposed rulemaking to ensure that
institutions comply with relevant provisions of the National Flood
Insurance Reform Act of 1994. The Act requires that the agencies
promulgate regulations concerning (i) mandatory flood insurance
purchase requirements, (ii) notice requirements, and (iii) escrow
requirements.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 10/00/95
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Larry Clark, Program Manager, Compliance Policy,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906-5628
RIN: 1550-AA86
_______________________________________________________________________
3200. REGULATORY REVIEW: CORPORATE GOVERNANCE
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464;
12 USC 1467a; 12 USC 2901 et seq
CFR Citation: 12 CFR 543; 12 CFR 552
Legal Deadline: None
Abstract: The OTS is currently reviewing its corporate governance
regulations, for both mutual and stock savings associations, in order
to determine which regulations can be eliminated or improved, reducing
regulatory burden for the thrift industry.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 02/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Mary Jo Johnson, Project Manager, Supervision Policy,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906-5739
RIN: 1550-AA87
_______________________________________________________________________
3201. REGULATORY REVIEW: SUBSIDIARIES
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 5 USC 552; 5 USC 559; 12 USC 375b; 12 USC 1462; 12
USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC
1817; 12 USC 1828; 12 USC 3806; 42 USC 4106
CFR Citation: 12 CFR 545; 12 CFR 563; 12 CFR 571
Legal Deadline: None
Abstract: This rulemaking will involve the review and reform of the
OTS's existing subsidiary regulations and related policy with a view
toward streamlining and reducing burden. The entities to be affected by
the regulation are (i) service corporations and their joint ventures,
(ii) subsidiaries, (iii) operating subsidiaries, (iv) finance
subsidiaries, (v) pass-through entities, and (vi) special purpose
corporations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Debra S. Merkle, Policy Analyst, Supervision Policy,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906-5688
RIN: 1550-AA88
_______________________________________________________________________
3202. REGULATORY REVIEW: INSURANCE
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1828
CFR Citation: 12 CFR 545; 12 CFR 556; 12 CFR 563; 12 CFR 571
Legal Deadline: None
Abstract: The OTS is reviewing its regulations on (i) usurpation of a
savings association's corporate opportunity to engage in the insurance
business, (ii) hazard insurance coverage, and (iii) loan services and
fees. The OTS intends to delete duplicative regulations, eliminate
unnecessary requirements and consolidate appropriate provisions.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Francis Raue, Policy Analyst, Supervision Policy,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906-5750
RIN: 1550-AA89
_______________________________________________________________________
3203. REGULATORY REVIEW: ADJUSTABLE RATE MORTGAGES
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463;
12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12
USC 3806; 42 USC 4106
CFR Citation: 12 CFR 545; 12 CFR 563
Legal Deadline: None
Abstract: The OTS is reviewing its adjustable rate mortgage regulations
to (i) clarify coverage, (ii) ensure consistency (internally and with
the other Federal banking agencies), (iii) establish parity in coverage
between its adjustable rate mortgage and disclosure requirements, and
(iv) where possible, reduce regulatory burden.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: John M. Flannery, Senior Attorney, Regulations &
Legislation Division, Department of the Treasury, Office of Thrift
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7293
RIN: 1550-AA90
_______________________________________________________________________
3204. REGULATORY REVIEW: LENDING REGULATIONS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 5 USC 552; 5 USC 559; 12 USC 375b; 12 USC 1462; 12
USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC
1701j-3; 12 USC 1817; 12 USC 1828; 12 USC 3806; 15 USC 1693 to 1693r;
42 USC 4106
CFR Citation: 12 CFR 545; 12 CFR 556; 12 CFR 563; 12 CFR 571
Legal Deadline: None
Abstract: The OTS is reviewing its lending regulations with a view
toward making the regulations more concise and less burdensome for both
federally and state-chartered savings associations.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/00/95
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: William Magrini, Project Manager for Credit Policy,
Supervision Policy, Department of the Treasury, Office of Thrift
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-5744
RIN: 1550-AA91
_______________________________________________________________________
3205. REGULATORY REVIEW: FEDERAL PREEMPTION
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1701j-
3; 12 USC 1735f-7a; 12 USC 1828
CFR Citation: 12 CFR 545; 12 CFR 590; 12 CFR 591
Legal Deadline: None
Abstract: OTS plans to review all of the federal preemption provisions
contained in its regulations. The provisions will be updated to provide
more specific guidance. This will reduce regulatory burden by
eliminating uncertainty and the need for extensive legal research.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 02/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Evelyne Bonhomme, Counsel (Banking and Finance),
Regulations & Legislation Division, Department of the Treasury, Office
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7052
RIN: 1550-AA92
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________
3206. SUSPICIOUS ACTIVITY REPORTS AND OTHER STATEMENTS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464;
12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12 USC 3806; 42
USC 4106
CFR Citation: 12 CFR 563
Legal Deadline: None
Abstract: The OTS has issued a notice of proposed rulemaking to
implement a new interagency suspicious activity referral process and
update the underlying reporting regulation. The reporting process would
be less burdensome on savings associations and service corporations
while improving access to such information by Federal law enforcement
agencies.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/17/95 60 FR 36366
NPRM Comment Period End 09/15/95 60 FR 36366
Final Action 03/00/96
Final Action Effective 04/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Karen Osterloh, Counsel (Banking and Finance),
Regulations & Legislation Division, Department of the Treasury, Office
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6639
RIN: 1550-AA62
_______________________________________________________________________
3207. RISK-BASED CAPITAL REQUIREMENTS, SMALL BUSINESS LOAN RECOURSE
OBLIGATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464;
12 USC 1467a; 12 USC 1835; 12 USC 1848; 12 USC 4808
CFR Citation: 12 CFR 567
Legal Deadline: Final, Statutory, March 22, 1995.
Abstract: The OTS has issued an interim final rule with request for
comment that revises its risk-based capital standards as required by
sections 208 and 350 of the Riegle Community Development and Regulatory
Improvement Act of 1994. The rule modifies the risk-based capital
treatment of small business loans and leases of personal property with
recourse in accordance with the new statutory requirement.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 08/31/95 60 FR 45618
Final Action 12/00/95
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Karen Osterloh, Counsel (Banking and Finance),
Regulations & Legislation Division, Department of the Treasury, Office
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6639
RIN: 1550-AA81
_______________________________________________________________________
3208. RISK-BASED CAPITAL GUIDELINES: ORIGINATED MORTGAGE
SERVICING RIGHTS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1831o; 12 USC 1462; 12 USC 1462a; 12 USC 1463;
12 USC 1464; 12 USC 1467a; 12 USC 1828
CFR Citation: 12 CFR 565; 12 CFR 567
Legal Deadline: None
Abstract: The Federal banking agencies have issued an interim final
rule with request for comment to amend their capital adequacy standards
to treat originated mortgage servicing rights (OMSRs) in the same
manner as purchased mortgage servicing rights (PMSRs) for regulatory
capital purposes. The rule was developed in response to the Financial
Accounting Standards Board's Statement No. 122, which eliminates the
accounting distinction between OMSRs and PMSRs by requiring OMSRs to be
capitalized as balance sheet assets. This treatment was previously
required only for PMSRs.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 08/01/95 60 FR 39226
Final Action 01/00/96
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: John F. Connolly, Program Manager, Capital Policy,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906-6465
RIN: 1550-AA84
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Long-Term Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________
3209. SMALL AND MEDIUM-SIZED BUSINESS AND FARM LOAN DOCUMENTATION
EXEMPTION FOR QUALIFYING ASSOCIATIONS
Priority: Other
CFR Citation: 12 CFR 563
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 05/13/93 58 FR 28346
Next Action Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Laurie Nicoli
Phone: 202 906-7452
RIN: 1550-AA61
_______________________________________________________________________
3210. CLASSIFICATION OF ASSETS
Priority: Other
CFR Citation: 12 CFR 563
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 07/20/93 58 FR 38731
NPRM Comment Period End 08/19/93 58 FR 38731
Next Action Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: William Magrini
Phone: 202 906-5744
RIN: 1550-AA65
_______________________________________________________________________
3211. RISK-BASED CAPITAL STANDARDS--RECOURSE OBLIGATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 567
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
ANPRM Asset Securitizations 05/25/94 59 FR 27116
NPRM Recourse Arrangements and
Direct Credit Substitutes 05/25/94 59 FR 27116
Next Action Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: John F. Connolly
Phone: 202 906-6465
RIN: 1550-AA70
_______________________________________________________________________
3212. CAPITAL DISTRIBUTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 563
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 12/05/94 59 FR 62356
NPRM Comment Period End 02/03/95 59 FR 62356
Next Action Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Edward J. O'Connell
Phone: 202 906-5694
RIN: 1550-AA72
_______________________________________________________________________
3213. ``DE NOVO'' APPLICATIONS FOR A FEDERAL SAVINGS ASSOCIATION
CHARTER
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 543; 12 CFR 552; 12 CFR 571
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 03/06/95 60 FR 12103
NPRM Comment Period End 05/05/95 60 FR 12103
Next Action Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Valerie J. Lithotomos
Phone: 202 906-6439
RIN: 1550-AA76
_______________________________________________________________________
3214. LIQUIDITY
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 566
Timetable: Next Action Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Francis Raue
Phone: 202 906-5750
RIN: 1550-AA77
_______________________________________________________________________
3215. LOANS TO ONE BORROWER
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 563
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Interim Final Rule 03/28/95 60 FR 15861
Next Action Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: William Magrini
Phone: 202 906-5744
RIN: 1550-AA78
_______________________________________________________________________
3216. UNIFORM RULES OF PRACTICE AND PROCEDURE
Priority: Other
CFR Citation: 12 CFR 509
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
NPRM 06/23/95 60 FR 32882
NPRM Comment Period End 08/22/95 60 FR 32882
Next Action Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Karen Osterloh
Phone: 202 906-6639
RIN: 1550-AA79
_______________________________________________________________________
DEPARTMENT OF THE TREASURY (TREAS) Completed Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________
3217. SAFETY AND SOUNDNESS STANDARDS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 563
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 07/10/95 60 FR 35674
Final Action Effective 08/09/95
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: William Magrini
Phone: 202 906-5744
RIN: 1550-AA54
_______________________________________________________________________
3218. RELEASE OF UNPUBLISHED INFORMATION
Priority: Other
CFR Citation: 12 CFR 510
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 05/30/95 60 FR 28027
Final Action Effective 07/20/95
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Valerie J. Lithotomos
Phone: 202 906-6439
RIN: 1550-AA66
_______________________________________________________________________
3219. COMMUNITY REINVESTMENT ACT
Priority: Other Significant
CFR Citation: 12 CFR 563e
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action : Several of the
regulations removed effective
07-01-97 05/04/95 60 FR 22156
Final Action Effective 01/01/95
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Theresa Stark
Phone: 202 906-7054
RIN: 1550-AA69
_______________________________________________________________________
3220. REGULATORY CAPITAL: COMMON STOCKHOLDERS' EQUITY
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 567
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 08/15/95 60 FR 42025
Final Action Effective 10/01/95
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: John F. Connolly
Phone: 202 906-6465
RIN: 1550-AA71
_______________________________________________________________________
3221. UNIFORM RULES OF PRACTICE AND PROCEDURE; EX PARTE
COMMUNICATIONS
Priority: Other
CFR Citation: 12 CFR 509
Completed:
_________________________________________________________________________
Reason Date FR Cite
_________________________________________________________________________
Final Action 05/30/95 60 FR 28033
Final Action Effective 07/01/95
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Karen Osterloh
Phone: 202 906-6639
RIN: 1550-AA80
_______________________________________________________________________
3222. LOANS IN AREAS HAVING SPECIAL FLOOD HAZARDS
Priority: Other
Legal Authority: 12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463;
12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12
USC 3806; 42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC 4106; 42 USC
4128
CFR Citation: 12 CFR 563
Legal Deadline: Final, Statutory, June 20, 1995.
Abstract: The Federal banking agencies have issued a joint final rule
amending their regulations concerning loans in areas having special
flood hazards. The final rule requires depository institutions to use a
Standard Flood Hazard Determination Form in determining whether real
property offered as collateral for a loan is located in a special flood
hazard area.
Timetable:
_________________________________________________________________________
Action Date FR Cite
_________________________________________________________________________
Final Action 07/06/95 60 FR 35286
Final Action Effective 01/02/96
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Larry Clark, Program Manager, Compliance Policy,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906-5628
RIN: 1550-AA82
[FR Doc. 95-26073 Filed 11-24-95; 8:45 am]
BILLING CODE 6720-01-F