[The Regulatory Plan and Unified Agenda of Federal Regulatory and Deregulatory Actions]
[Department of the Treasury Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]


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Part XVI





Department of the Treasury





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Semiannual Regulatory Agenda

[[Page 73676]]



DEPARTMENT OF THE TREASURY (TREAS)                                     


  



_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda and Fiscal Year 2007 Regulatory Plan

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda and annual 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 
2007.

FOR FURTHER INFORMATION CONTACT: The agency contact identified in the 
item relating to that regulation.

SUPPLEMENTARY INFORMATION: On November 25, 2002, the President signed 
the Homeland Security Act of 2002 (the Act), establishing the 
Department of Homeland Security (DHS). The Act transferred the U.S. 
Customs Service from the Department of the Treasury to the DHS, where 
it is now known as the Bureau of Customs and Border Protection. 
Notwithstanding the transfer of the Customs Service to DHS, the Act 
provides that the Secretary of the Treasury retains sole legal 
authority over the customs revenue functions, and authorizes the 
Secretary to delegate any of this retained authority to the Secretary 
of Homeland Security. By Treasury Department Order No. 100-16, the 
Secretary of the Treasury delegated to the Secretary of Homeland 
Security authority to prescribe regulations pertaining to the customs 
revenue functions. This Order further provided that the Secretary of 
the Treasury retained the sole authority to approve any such 
regulations concerning import quotas or trade bans; user fees; marking 
and labeling; copyright and trademark enforcement; and the completion 
of entry or substance of entry summary, including duty assessment and 
collection, classification, valuation, application of the U.S. 
Harmonized Schedules, eligibility or requirements for preferential 
trade programs, and the establishment of recordkeeping requirements. 
Accordingly, these regulations are now listed in the semiannual 
regulatory agenda of the Departmental Offices of the Department of the 
Treasury. Because of limitations in the computer software used to 
prepare the agenda, the agency information under the heading ``For 
Further Information Contact'' for these regulations incorrectly 
indicates the Bureau of Customs and Border Protection contact person is 
an employee of the Department of the Treasury rather than the 
Department of Homeland Security.

    For this edition of Treasury's regulatory agenda, one 
regulation to be issued jointly by the Office of the Comptroller of 
the Currency and the Office of Thrift Supervision (together with 
the other bank regulators), is included in The Regulatory Plan, 
which appears in part II of this issue of the Federal Register. The 
entries for this regulation are listed in the table of contents 
below and are denoted by a bracketed bold reference, which directs 
the reader to the appropriate sequence number in part II.

    The semiannual agenda and The Regulatory Plan of the Department 
of the Treasury conform to the Unified Agenda format developed by 
the Regulatory Information Service Center (RISC).

Dated: September 15, 2006.

 Richard S. Carro,

Senior advisor to the General Counsel for Regulatory Affairs.

                                    Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2394        Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for        1505-AB10
            Insured Losses........................................................................
2395        19 CFR 111 Remote Location Filing.....................................................    1505-AB20
2396        Expanded Methods of Payment of Duties, Taxes, Interest, and Fees......................    1505-AB22
2397        Uniform Rules of Origin...............................................................    1505-AB49
2398        Revision of Outbound Redelivery Procedures and Liabilities............................    1505-AB52
2399        19 CFR 101 Centralization of the Continuous Bond Program at the CBP National Finance      1505-AB54
            Center................................................................................
2400        19 CFR 177 Administrative Rulings and Protests........................................    1505-AB65
2401        Foreign Repairs to American Vessels; Consolidation of Vessel Repair Units.............    1505-AB71
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2402        31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations:        1505-AA95
            Publication of Economic Sanctions Enforcement Guidelines..............................
2403        Country-of-Origin Marking.............................................................    1505-AB21
2404        19 CFR 4 User and Navigation Fees; Other Reimbursable Charges.........................    1505-AB24
2405        19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences....    1505-AB26
2406        19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin         1505-AB28
            Initiative............................................................................
2407        19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge..    1505-AB29

[[Page 73677]]

 
2408        19 CFR 12 Dog and Cat Protection Act..................................................    1505-AB31
2409        Trade Benefits Under the African Growth and Opportunity Act...........................    1505-AB38
2410        19 CFR 24 Fees for Customs Processing at Express Consignment Carrier Facilities.......    1505-AB39
2411        Trade Benefits Under the Caribbean Basin Economic Recovery Act........................    1505-AB40
2412        19 CFR 10 United States--Chile Free Trade Agreement...................................    1505-AB47
2413        19 CFR 10 United States--Singapore Free Trade Agreement...............................    1505-AB48
2414        Recordation of Copyrights and Enforcement Procedures To Prevent Importation of            1505-AB51
            Piratical Articles....................................................................
2415        19 CFR 141 Conditional Release Period and Customs Bond Obligations for Food, Drugs,       1505-AB57
            Devices, and Cosmetics (Section 610 Review)...........................................
2416        NAFTA: Merchandise Processing Fee Exemption and Technical Corrections.................    1505-AB58
2417        19 CFR 12 Country of Origin of Textile and Apparel Products...........................    1505-AB60
2418        Fees for Certain Services.............................................................    1505-AB62
2419        Dominican Republic-Central America-United States Free Trade Agreement.................    1505-AB64
2420        19 CFR 12.155 Entry of Certain Cement Products From Mexico Requiring a Commerce           1505-AB68
            Department Import License.............................................................
2421        Economic Sanctions Enforcement Procedures for Banking Institutions....................    1505-AB69
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2422        31 CFR ch II Possible Regulation of Access to Accounts at Financial Institutions          1505-AA74
            Through Payment Service Providers.....................................................
2423        Financial Subsidiaries................................................................    1505-AA81
2424        12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage......................    1505-AA84
2425        19 CFR 4 Harbor Maintenance Fee.......................................................    1505-AB11
2426        Donated Cargo Exemption From Harbor Maintenance Fee...................................    1505-AB12
2427        19 CFR 142 Reconciliation.............................................................    1505-AB16
2428        19 CFR 181 North American Free Trade Agreement (NAFTA)--Implementation of Duty-           1505-AB17
            Deferral Program Provisions...........................................................
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2429        19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple     1505-AB34
            Conveyances...........................................................................
2430        19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act.......    1505-AB37
2431        Terrorism Risk Insurance Program; TRIA Extension Act Implementation...................    1505-AB66
2432        Terrorism Risk Insurance Program; TRIA Extension Act Implementation...................    1505-AB67
2433        17 CFR 400 Government Securities Act Regulations: Applicability to Over-the-Counter       1505-AB70
            Derivatives Dealers...................................................................
2434        19 CFR 12.104g(a) Import Restrictions on Byzantine Ecclesiastical and Ritual              1505-AB72
            Ethnological Material from Cyprus.....................................................
----------------------------------------------------------------------------------------------------------------


                               Financial Crimes Enforcement Network--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2435        Customer Identification Programs for Pawn Brokers.....................................    1506-AA39
2436        Provision of Banking Services to Money Services Businesses............................    1506-AA85
----------------------------------------------------------------------------------------------------------------


[[Page 73678]]


                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2437        Customer Identification Programs for Travel Agents....................................    1506-AA38
2438        Customer Identification Programs for Loan and Finance Companies.......................    1506-AA40
2439        Customer Identification Programs for Sellers of Vehicles..............................    1506-AA41
2440        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA73
            Programs for Loan and Finance Companies...............................................
2441        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA80
            Programs for Businesses Engaged in Vehicle Sales, Including Automobile, Airplane, and
            Boat Sales............................................................................
2442        Amendments to Bank Secrecy Act Regulations--Casino Recordkeeping and Reporting            1506-AA84
            Requirements..........................................................................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2443        31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross-    1506-AA15
            Border Transportation of Certain Monetary Instruments.................................
2444        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the             1506-AA23
            Requirement To Report Transactions in Currency........................................
2445        31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement That             1506-AA25
            Nonfinancial Trades or Businesses Report Certain Currency Transactions................
2446        31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and      1506-AA31
            Credit Unions.........................................................................
2447        31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations--Requirement That Mutual      1506-AA37
            Funds Report Suspicious Transactions..................................................
2448        31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru............    1506-AA43
2449        Financial Crimes Enforcement; Amendments to the Bank Secrecy Act Regulations--            1506-AA61
            Nomenclature Changes..................................................................
2450        Imposition of Special Measures Against the Commercial Bank of Syria as a Financial        1506-AA64
            Institution of Primary Money Laundering Concern.......................................
2451        Imposition of Special Measure Against First Merchant Bank OSH Ltd, Incl. Its              1506-AA65
            Subsidiaries, FMB Finance Ltd, First Merchant International Inc, First Merchant
            Finance Ltd, and First Merchant Trust Ltd.............................................
2452        Imposition of Special Measure Against Infobank as a Financial Institution of Primary      1506-AA67
            Money Laundering Concern..............................................................
2453        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA68
            Programs for Mutual Funds.............................................................
2454        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA69
            Programs for Travel Agencies..........................................................
2455        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA71
            Programs for Investment Advisors......................................................
2456        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA72
            Programs for Financial Institutions...................................................
2457        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA74
            Programs for Money Services Businesses................................................
2458        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA75
            Programs for Commodity Trading Advisors...............................................
2459        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA76
            Programs for Operators of a Credit Card System........................................
2460        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA77
            Programs for Unregistered Investment Companies........................................
2461        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA78
            Programs for Dealers in Precious Metals, Stones, or Jewels............................
2462        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA79
            Programs for Persons Involved in Real Estate Closings and Settlements.................
2463        Amendment to the Bank Secrecy Act Regulations-Imposition of Special Measure Against       1506-AA83
            Banco Delta Asia SARL.................................................................
2464        31 CFR 103 Threshold for the Requirement To Collect Retain and Transmit Information on    1506-AA86
            Funds Transfer and Transmittal of Funds...............................................
----------------------------------------------------------------------------------------------------------------


[[Page 73679]]


                             Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2465        31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and          1506-AA19
            Recordkeeping Requirements--Money Services Businesses (MSBs)..........................
----------------------------------------------------------------------------------------------------------------


                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2466        31 CFR 245 Claims on Account of Treasury Checks.......................................    1510-AA51
2467        31 CFR 208 Management of Federal Agency Disbursements and Automated Clearing House        1510-AB00
            (ACH).................................................................................
2468        Rules and Procedures for Efficient Federal-State Funds Transfers......................    1510-AB12
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2469        31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments...........    1510-AA91
2470        Payment of Federal Taxes and the Treasury Tax and Loan Program........................    1510-AB01
2471        Administrative Offset and Claims Collection Under Reciprocal Agreements With States...    1510-AB09
2472        Depositaries and Financial Agents of the Federal Government...........................    1510-AB10
2473        Payment of Federal Taxes and the Treasury Loan Program................................    1510-AB11
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2474        31 CFR 256 Obtaining Payments from the Judgment Fund and Under Private Relief Bills...    1510-AA52
2475        Offset of Federal Payments To Collect Past-Due Legally Enforceable Nontax Debt........    1510-AB05
2476        Management of Federal Agency Disbursements............................................    1510-AB07
2477        Federal Process Agents of Surety Companies............................................    1510-AB08
----------------------------------------------------------------------------------------------------------------


                             Alcohol and Tobacco Tax and Trade Bureau--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2478        Proposed Revisions to the Beer Regulations............................................    1513-AB05
2479        Use of Various Winemaking Terms on Wine Labels and in Advertisements; Request for         1513-AB24
            Public Comment........................................................................
----------------------------------------------------------------------------------------------------------------


                          Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2480        27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled    1513-AA07
            Spirits and Wine......................................................................
2481        Denatured Spirits, Articles, and Nonbeverage Products.................................    1513-AB03
2482        Labeling and Advertising of Wines, Distilled Spirits, and Malt Beverages..............    1513-AB07
2483        Alternating Brewery Proprietors.......................................................    1513-AB09
2484        Use of the Word ``Pure'' or Its Variants in the Labeling and Advertising of Alcohol       1513-AB16
            Beverages.............................................................................
2485        Lehigh Valley.........................................................................    1513-AB19
2486        Swan Creek............................................................................    1513-AB20
2487        San Francisco Bay Expansion...........................................................    1513-AB21

[[Page 73680]]

 
2488        Proposed Establishment of the Tulocay Viticultural Area...............................    1513-AB26
2489        Proposed Establishment of the Paso Robles Westside Viticultural Area..................    1513-AB27
2490        Proposed Expansion of the Santa Maria Valley Viticultural Area........................    1513-AB31
2491        Proposed Amendment to the Standards of Identity for Distilled Spirits.................    1513-AB33
2492        Modification of Mandatory Label Information for Wine..................................    1513-AB36
2493        Firearms and Ammunition Excise Taxes, Consignment Sales of Imported Articles..........    1513-AB12
2494        Tax Classification of Cigars and Cigarettes...........................................    1513-AB34
2495        27 CFR 252 Exportation of Liquors.....................................................    1513-AA00
2496        27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars.....................    1513-AA16
2497        27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines..............    1513-AA42
2498        27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural       1513-AA51
            Area..................................................................................
2499        Form TTB F 5100.51, Formula and Process for Domestic and Imported Alcohol Beverages...    1513-AB28
2500        Nonbeverage Product Formulas..........................................................    1513-AB35
2501        Proposed Revision of Part 9--American Viticultural Areas..............................    1513-AB39
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2502        New Certification Requirements for Imported Wine......................................    1513-AB00
2503        Petition To Establish the Outer Coastal Plain American Viticultural Area..............    1513-AB13
2504        Quarterly Excise Tax Filing for Small Alcohol Excise Taxpayers........................    1513-AB17
2505        Green Valley of Russian River Valley..................................................    1513-AB18
2506        Snake River Valley....................................................................    1513-AB22
2507        Proposed Expansion of the Alexander Valley Viticultural Area..........................    1513-AB23
2508        Technical Amendment to Regulations....................................................    1513-AB32
2509        Firearms Excise Tax; Exemption for Small Manufacturers, Producers, and Importers......    1513-AB25
2510        Implementation of Public Law 105-33, Section 9302, Relating to Tobacco Product Minimum    1513-AB37
            Manufacturing Requirements and Transfer Marking.......................................
2511        Tobacco Products and Cigarette Papers and Tubes Shipped from Puerto Rico to the U.S...    1513-AB38
2512        27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188..........    1513-AA05
2513        27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the               1513-AA10
            Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments.....
2514        27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties    1513-AA32
2515        27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages..............    1513-AA46
2516        27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural      1513-AA57
            Area..................................................................................
2517        27 CFR 7 Labeling and Advertising of Malt Beverages...................................    1513-AA60
2518        Petition To Establish the ``Fort Ross Seaview'' Viticultural Area.....................    1513-AA64
2519        Petition To Establish the ``Shawnee Hills'' Viticultural Area.........................    1513-AA70
2520        Proposed Establishment of Tracy Hills Viticultural Area...............................    1513-AA89
2521        Petition To Establish ``Calistoga'' as an American Viticultural Area..................    1513-AA92
2522        Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the    1513-AA96
            Treatment of Wine, Juice, and Distilling Material.....................................
2523        Suspension of Special (Occupational) Tax..............................................    1513-AB04
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2524        Major Food Allergen Labeling for Wines, Distilled Spirits, and Malt Beverages.........    1513-AB08
2525        Availability of Information...........................................................    1513-AA98
2526        Removal of Tobacco Products and Cigarette Papers and Tubes, Without Payment of Tax,       1513-AA99
            for Use by the United States in Law Enforcement Activities............................
2527        27 CFR 24.66 Implementation of Public Law 105-34, Section 1416, Relating to Refund of     1513-AA06
            Tax for Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer Relief
            Act of 1997)..........................................................................

[[Page 73681]]

 
2528        27 CFR 4 Amended Standard of Identity for Sherry......................................    1513-AA08
2529        27 CFR 19, subpart W Proposed Revisions to the Distilled Spirits Plant Regulations....    1513-AA23
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2530        Petition To Establish San Antonio Valley as a New American Viticultural Area..........    1513-AB02
2531        Proposed Change to Vintage Date Requirements..........................................    1513-AB11
2532        Petition To Establish the Rattlesnake Hills American Viticultural Area................    1513-AB14
2533        Petition To Establish the Saddle Rock-Malibu American Viticultural Area...............    1513-AB15
2534        Use of the Words Scotch Ale or Scottish Ale or Its Variants on Labels or in               1513-AB30
            Advertising of Malt Beverage Products; Request for Public Comment.....................
2535        Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the           1513-AA80
            Homeland Security Act of 2002.........................................................
2536        27 CFR 17 Tax-Paid Distilled Spirits Used in Manufacturing Products Unfit for Beverage    1513-AA37
            Use...................................................................................
2537        27 CFR 9 Petition To Establish ``Eola-Amity Hills'' as a New American Viticultural        1513-AA41
            Area..................................................................................
2538        27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area....................    1513-AA54
2539        27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary Realignment/    1513-AA55
            Expansion.............................................................................
2540        Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco             1513-AA72
            Viticultural Area.....................................................................
2541        Proposed Establishment of Alta Mesa Viticultural Area.................................    1513-AA82
2542        Proposed Establishment of the Cosumnes River Viticultural Area........................    1513-AA83
2543        Proposed Establishment of Sloughhouse Viticultural Area...............................    1513-AA84
2544        Proposed Establishment of Mokelumne River Viticultural Area...........................    1513-AA85
2545        Proposed Establishment of Jahant Viticultural Area....................................    1513-AA86
2546        Proposed Establishment of Borden Ranch Viticultural Area..............................    1513-AA87
2547        Proposed Establishment of Clements Hills Viticultural Area............................    1513-AA88
2548        Proposed Establishment of Covelo Viticultural Area....................................    1513-AA90
2549        Proposed Modification of Vintage Date Requirements....................................    1513-AB29
----------------------------------------------------------------------------------------------------------------


                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2550        12 CFR 1 to 5 Regulatory Burden Reduction and Technical Amendments....................    1557-AC79
2551        Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-    1557-AC80
            Leach-Bliley Act......................................................................
2552        Accuracy and Integrity of Information Furnished to a Consumer Reporting Agency........    1557-AC89
2553        Implementation of a Revised Basel Capital Accord (Basel II) (Reg Plan Seq No. 95).....    1557-AC91
2554        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance:          1557-AC95
            Domestic Capital Modifications (Basel IA) (Reg Plan Seq No. 96).......................
2555        Risk-Based Capital Standards: Market Risk.............................................    1557-AC99
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in part II of this issue of the Federal Register.


                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2556        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1557-AC87
            Institutions and Creditors............................................................
2557        Fair Credit Reporting: Affiliate Marketing Regulations................................    1557-AC88
----------------------------------------------------------------------------------------------------------------


[[Page 73682]]


                                 Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2558        Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer           1557-AB93
            Registration..........................................................................
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2559        Assessment of Fees....................................................................    1557-AC96
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2560        Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax      1545-AC09
            and Civil Penalties for Failure To File...............................................
2561        Outbound Transfers of Property to Foreign Corporations................................    1545-AM97
2562        Taxation of Global Trading............................................................    1545-AP01
2563        Definition of ``Highly Compensated Employee''.........................................    1545-AQ74
2564        Integrated Financial Transaction......................................................    1545-AR20
2565        Application of Attribution Rules to Foreign Trusts....................................    1545-AU91
2566        Agreements for Payment of Tax Liabilities in Installments.............................    1545-AU97
2567        Transportation of Persons and Property by Air.........................................    1545-AW19
2568        Constructive Sales of Appreciated Financial Positions.................................    1545-AW97
2569        Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and    1545-AX02
            Related Foreign Base Company Shipping Income..........................................
2570        Guidance on Cost Recovery in the Entertainment Industry...............................    1545-AX12
2571        Inspection of Written Determinations..................................................    1545-AX40
2572        Awarding of Costs and Certain Fees....................................................    1545-AX46
2573        Highly Compensated Employee...........................................................    1545-AX48
2574        Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding      1545-AY30
            Companies (FPHCs).....................................................................
2575        Dollar-Value LIFO.....................................................................    1545-AY39
2576        Special Rules Relating to Transfers of Intangibles to Foreign Corporations............    1545-AY41
2577        Liabilities Assumed in Certain Corporate Transactions.................................    1545-AY74
2578        Disclosure of Returns and Return Information in Judicial and Administrative Tax           1545-AY89
            Proceedings...........................................................................
2579        Transactions Involving Obligations of Consolidated Group Members......................    1545-BA11
2580        Deductibility of Employer Contributions for Deferred Compensation.....................    1545-BA13
2581        Allocation and Apportionment Rules: Guidance on Selected Issues.......................    1545-BA64
2582        Allocation of New Markets Tax Credit..................................................    1545-BA84
2583        Mixed Use Output Facilities...........................................................    1545-BB23
2584        Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year.....    1545-BB27
2585        Application of Separate Limitations to Dividends From Noncontrolled Section 902           1545-BB28
            Corporation...........................................................................
2586        Substitute Dividend Payments in Securities Lending and Similar Transactions...........    1545-BB56
2587        Loss on Subsidiary Stock..............................................................    1545-BB61
2588        Liquidation of an Interest............................................................    1545-BB71
2589        General Allocation and Accounting Regulations.........................................    1545-BC07
2590        Utility Allowance Regulation Update...................................................    1545-BC22
2591        Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/    1545-BC48
            or Commodities, Including Foreign Currency Instruments................................
2592        Coordination of United States and Certain Possessions Income Taxes....................    1545-BC54
2593        Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash     1545-BC55
            a Designated or Related Summons.......................................................
2594        Guidance Under Section 2053 Regarding Post-Death Events...............................    1545-BC56
2595        Below-Market Loans....................................................................    1545-BC78
2596        Regulations Governing the Performance of Actuarial Services Under the Employee            1545-BC82
            Retirement Income Security Act of 1974................................................
2597        Definition of Loss for Purposes of the Straddle Rules.................................    1545-BC83

[[Page 73683]]

 
2598        Guidance Regarding the Active Trade or Business Requirement Under Section 355(b)......    1545-BC94
2599        Support Test in the Case of a Child of Divorced Parents...............................    1545-BD01
2600        Definition of Qualified Foreign Corporation...........................................    1545-BD15
2601        REMIC Interest-Only Regular Interests.................................................    1545-BD18
2602        Section 42 Qualified Contract Provisions..............................................    1545-BD20
2603        Payments for Which No Return of Information Is Required Under Section 6041............    1545-BD21
2604        Definition of Disqualified Person.....................................................    1545-BD28
2605        Classification of Indian Tribal Corporations..........................................    1545-BD61
2606        Declaratory Judgment--Gift Tax Value..................................................    1545-BD67
2607        Regulations Under Section 706 Regarding Determination of Distributive Share When a        1545-BD71
            Partner's Interest Changes............................................................
2608        Shareholder's Basis in Stock of an S Corporation......................................    1545-BD72
2609        Guidance Under Section 707(c) Regarding Guaranteed Payments...........................    1545-BD74
2610        Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1.............    1545-BD81
2611        Guidance Regarding Selected Issues Under Section 336(e)...............................    1545-BD84
2612        Definition of the ``Due Date'' for Purposes of Calculating Overpayment Interest Under     1545-BD86
            Section 301.6611(h)...................................................................
2613        Reduction of Fuel Excise Tax Evasion..................................................    1545-BE03
2614        Intra-Group Gross Receipts Under Section 41...........................................    1545-BE14
2615        Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004        1545-BE23
            (AJCA)................................................................................
2616        Section 6011 Regulations..............................................................    1545-BE24
2617        Section 6111 Regulations..............................................................    1545-BE26
2618        Section 6112 Regulations..............................................................    1545-BE28
2619        Tractors, Trailers, Trucks, and Tires.................................................    1545-BE31
2620        Release of Lien or Discharge of Property..............................................    1545-BE35
2621        Definition of Dependent and Other Related Provisions..................................    1545-BE40
2622        Balanced System for Measuring Organizational and Employee Performance Within the          1545-BE45
            Internal Revenue Service..............................................................
2623        Limitation on Transfer of Built-In Losses.............................................    1545-BE58
2624        Research Expenditures Resulting in Inventory Property.................................    1545-BE64
2625        Section 401(a)(4) Guidance............................................................    1545-BE69
2626        Information Reporting on Real Estate Transactions.....................................    1545-BE73
2627        Start-Up and Organizational Expenditures..............................................    1545-BE77
2628        Targeted Populations Under Section 45D(e)(2)..........................................    1545-BE89
2629        Railroad Track Maintenance Credit.....................................................    1545-BE90
2630        S Corporation Guidance Under American Jobs Creation Act of 2004.......................    1545-BE95
2631        Capital Costs Incurred To Comply With EPA Sulfur Regulations..........................    1545-BE96
2632        Disallowance of Partnership Loss Transfers and Basis Reduction in Stock of a Corporate    1545-BE98
            Partner...............................................................................
2633        Section 704(c) and 737 Regulations Update.............................................    1545-BE99
2634        Cafeteria Plans.......................................................................    1545-BF00
2635        Election To Expense Certain Refineries................................................    1545-BF05
2636        Credit Card Claims....................................................................    1545-BF07
2637        Nuclear Decommissioning Cost..........................................................    1545-BF08
2638        Clean Renewable Energy Bonds..........................................................    1545-BF11
2639        Federal Income Tax Consequences of Transfers Between an Individual Debtor and the         1545-BF13
            Bankruptcy Estate in Cases Under Chapters 7 and 11 of Title 11 of the United States
            Code..................................................................................
2640        Rules Under Section 302 of the Katrina Emergency Tax Relief Act of 2005...............    1545-BF14
2641        Revision of Treasury Regulation Section 1.1561-3 To Comply With Commissioner's e-File     1545-BF16
            Program and With the Recommendations of TIGTA Report..................................
2642        Alcohol Fuel and Biodiesel............................................................    1545-BF17
2643        Credit for Production From Advanced Nuclear Power Facilities..........................    1545-BF19
2644        Debt Satisfied by a Partnership Interest..............................................    1545-BF27
2645        Taxpayer Assistance Orders............................................................    1545-BF33
2646        Entertainment Expense Disallowance....................................................    1545-BF34
2647        Accuracy-Related Penalties............................................................    1545-BF40
2648        Taxation of Fringe Benefits and Exclusions from Gross Income of Certain Fringe            1545-BF42
            Benefits..............................................................................
2649        Limitation on Importation of Built-In Losses..........................................    1545-BF43
2650        Special Rules Under Section 7874......................................................    1545-BF47
2651        Further Guidance Regarding Application of Section 409A................................    1545-BF50
2652        475 Held for Investment...............................................................    1545-BF53
2653        Change to Office to Which Notices of Nonjudicial Sale and Requests for Return of          1545-BF54
            Wrongfully Levied Property Must be Sent...............................................

[[Page 73684]]

 
2654        Section 6707 and the Failure to Furnish Information Regarding Reportable Transactions.    1545-BF59
2655        Section 6707A and The Failure To Include On Any Return Or Statement Any Information       1545-BF61
            Required To Be Disclosed Under Section 6011 With Respect To a Reportable Transaction..
2656        Activities Customarily Performed by States and Local Governments......................    1545-BF63
2657        Clarification of Section 6411 Regulations.............................................    1545-BF65
2658        User Fees for Processing Installment Agreements.......................................    1545-BF69
2659        Applying Section 1(h) To Capital Gain Dividends of RIC and REITS......................    1545-BF72
2660        Multiple Annuity Starting Date Limitations on Benefits Under Qualified Plans..........    1545-BF74
2661        Guidance on Determination of Interest Expense Allocable in a Global Dealing Operation.    1545-BF76
2662        U.S. Source Income Effectively Connected with U.S. Business...........................    1545-BF77
2663        Source of Income; Source of Guarantee Fee Income......................................    1545-BF78
2664        Tax Increase Prevention and Reconciliation Act of 2005 Amendments to Section 199......    1545-BF79
2665        Guidance Under Section 67 Regarding Miscellaneous Itemized Deductions of a Trust or       1545-BF80
            Estate................................................................................
2666        Regulation to Delete the Tort Type Rights Test From the Section 104(a)(2) Regulations.    1545-BF81
2667        Guidance Regarding Scope of Section 368(a)(1)(D)......................................    1545-BF83
2668        Treatment of Payments in Lieu of Taxes................................................    1545-BF87
2669        Withholding and Reporting Obligations Under Section 1441 Regarding Tender Offers......    1545-BF93
2670        Section 181 - Deduction for Qualified Film and Television Production Costs............    1545-BF94
2671        Circular 230 - Review of Section 10.35 et seq.........................................    1545-BF96
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2672        Income Tax--Definition of Qualified Possession Source Investment Income for Purposes      1545-AC10
            of Puerto Rico and Possession Tax Credit..............................................
2673        Information From Passport and Immigration Applicants..................................    1545-AJ93
2674        Earnings Stripping Payments...........................................................    1545-AO24
2675        Registration Required Obligations.....................................................    1545-AP33
2676        Straddles---Miscellaneous Issues......................................................    1545-AT46
2677        Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and        1545-AW06
            Commodities...........................................................................
2678        Stocks and Securities Safe Harbor Exception...........................................    1545-AW13
2679        Intercompany Obligations..............................................................    1545-AW30
2680        Source of Income From Certain Space and Ocean Activities and for Communications Income    1545-AW50
2681        Capitalization of Interest and Carrying Charges Properly Allocable to Straddles.......    1545-AX92
2682        Authorized Placement Agency...........................................................    1545-AY18
2683        Guidance on Changes to the Laws for Corporate Estimated Taxes.........................    1545-AY22
2684        HIPAA General Nondiscrimination.......................................................    1545-AY32
2685        HIPAA Nondiscrimination Exception for Church Plans....................................    1545-AY33
2686        HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs.....................    1545-AY34
2687        Normalization.........................................................................    1545-AY75
2688        Reductions of Accruals and Allocations Because of Increased Age.......................    1545-BA10
2689        Suspension of Statutes of Limitation in John Doe and Third Party Summons Disputes, and    1545-BA31
            Expansion of Taxpayers' Rights To Receive Notice and Seek Judicial Review of Third
            Party Summonses.......................................................................
2690        Amendment to the Definition of Refunding..............................................    1545-BA46
2691        Noncompensatory Partnership Options...................................................    1545-BA53
2692        Circular 230--Phase 2 Nonshelter Revisions............................................    1545-BA72
2693        Section 1248 Attribution Principles...................................................    1545-BA93
2694        Allocation of Foreign Tax Credits Among Partners......................................    1545-BB11
2695        Section 482: Methods To Determine Taxable Income in Connection With a Cost Sharing        1545-BB26
            Arrangement...........................................................................
2696        Treatment of Services Under Section 482...............................................    1545-BB31
2697        Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under        1545-BB64
            Section 403(b)........................................................................
2698        Notional Principal Contracts; Contingent Nonperiodic Payments.........................    1545-BB82
2699        REMIC Residuals--Timing of Income for Foreign Holders.................................    1545-BB84
2700        Predecessors or Successors Under Section 355(e).......................................    1545-BB85
2701        Dependent Care Credit.................................................................    1545-BB86
2702        Guidance Regarding Mark-to-Market Valuation for Certain Securities....................    1545-BB90

[[Page 73685]]

 
2703        Partnership Equity for Services.......................................................    1545-BB92
2704        Accrual for Certain REMIC Regular Interests...........................................    1545-BB94
2705        Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and         1545-BB96
            Opportunity for Hearing Upon Filing of Notice of Lien.................................
2706        Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before    1545-BB97
            Levy..................................................................................
2707        Entry of Taxable Fuel.................................................................    1545-BC08
2708        Guidance Necessary To Facilitate Business Electronic Filing...........................    1545-BC15
2709        Changes in Computing Depreciation.....................................................    1545-BC18
2710        Special Consolidated Return Rules for Interest Expense Disallowed Under Section           1545-BC23
            265(a)(2).............................................................................
2711        Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving    1545-BC24
            Related Parties, Pass-Through Entities, or Other Intermediaries.......................
2712        Prohibited Allocation of Securities in an S Corporation...............................    1545-BC34
2713        Guidance on PFIC Purging Elections....................................................    1545-BC37
2714        Qualified Severance Regulations.......................................................    1545-BC50
2715        Stewardship Expenses..................................................................    1545-BC52
2716        Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions........    1545-BC61
2717        Guidance Under Section 707 Regarding Disguised Sales..................................    1545-BC63
2718        Section 1045 Application to Partnerships..............................................    1545-BC67
2719        Disclosures to Subcontractors.........................................................    1545-BC92
2720        Solid Waste Disposal Facilities.......................................................    1545-BD04
2721        Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue    1545-BD09
            Code (Temporary)......................................................................
2722        Dual Consolidated Loss Regulations....................................................    1545-BD10
2723        Coordination of United States and Certain Possessions Income Taxes (Temporary)........    1545-BD32
2724        Underpayment for Qualified Amended Returns............................................    1545-BD40
2725        Update of 415 Regulations.............................................................    1545-BD52
2726        Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons;         1545-BD54
            Applicability of Section 381..........................................................
2727        Asset Transfers Following Putative Reorganizations....................................    1545-BD56
2728        Mandatory e-Filing for Forms 1120.....................................................    1545-BD65
2729        Use of Electronic Technologies for Providing Notices and Transmitting Elections and       1545-BD68
            Consents..............................................................................
2730        Section 704(b)(2) and Substantiality..................................................    1545-BD70
2731        Dye Injection.........................................................................    1545-BE04
2732        Elimination of Country-by-Country Reporting to Shareholders of Foreign Taxes Paid by      1545-BE09
            Regulated Investment Companies........................................................
2733        Circular 230--Covered Opinion Amendments..............................................    1545-BE13
2734        Capitalization of Amounts Paid To Repair or Improve Tangible Property.................    1545-BE18
2735        Withholding Exemptions................................................................    1545-BE20
2736        Guidance Under Subpart F Relating to Partnerships.....................................    1545-BE34
2737        Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004        1545-BE39
            (AJCA) (Temporary)....................................................................
2738        Disregarded Entities and Collections..................................................    1545-BE43
2739        Regulations Under Section 263A Regarding Use of Simplified Service Cost Method and        1545-BE57
            Simplified Production Method..........................................................
2740        Assumption of Liabilities.............................................................    1545-BE67
2741        Deferred Compensation (Proposed)......................................................    1545-BE79
2742        REMIC Residuals--Foreign Holders (Temporary)..........................................    1545-BE81
2743        Treatment of Excess Loss Accounts.....................................................    1545-BE87
2744        Guidance Under Section 7874 for Determining Ownership by Former Shareholders or           1545-BE93
            Partners of Domestic Entities.........................................................
2745        Capital Costs Incurred To Comply With EPA Sulfur Regulations (Temporary)..............    1545-BE97
2746        Application of Section 338 to Insurance Companies.....................................    1545-BF02
2747        Designated Roth Accounts Under Section 402A...........................................    1545-BF04
2748        Election To Expense Certain Refineries (Temporary)....................................    1545-BF06
2749        Nuclear Decommissioning Costs (Temporary).............................................    1545-BF09
2750        Charitable Contributions of Certain Motor Vehicles....................................    1545-BF10
2751        Clean Renewable Energy Bonds (Temporary)..............................................    1545-BF12
2752        Credit for Production From Advanced Nuclear Power Facilities (Temporary)..............    1545-BF20
2753        Subchapter S Banks....................................................................    1545-BF24
2754        Revision of Regulations To Comply With Commissioner's e-File Program..................    1545-BF25
2755        Revision of Regulation To Comply With the Commissioner's e-File Program (Temporary)...    1545-BF26

[[Page 73686]]

 
2756        Charitable Contributions of Qualified Vehicles (Temporary)............................    1545-BF29
2757        Section 3121(a)(5)(D) Regulation (Salary Reduction Agreement) (Temporary).............    1545-BF35
2758        Accuracy-Related Penalties............................................................    1545-BF41
2759        Regulations Under Sections 501(c)(3) and 4958 on Revocation Standards.................    1545-BF44
2760        Application of Separate Limitations to Dividends from Noncontrolled Section 902           1545-BF46
            Corporation (temporary)...............................................................
2761        Section 1221(a)(4) Capital Asset Exclusion for Accounts and Notes Receivable..........    1545-BF52
2762        Computer Software Under Section 199(c)(5)(B)..........................................    1545-BF56
2763        Section 6707 and the Failure to Furnish Information Regarding Reportable Transactions.    1545-BF60
2764        Section 6707A and The Failure To Include On Any Return Or Statement Any Information       1545-BF62
            Required To Be Disclosed Under Section 6011 With Respect To a Reportable Transaction..
2765        Revisions to Regulations Relating to Repeal of Tax on Interest of Nonresident, Alien,     1545-BF64
            Individuals and Foreign Corporations Received From Certain Portfolio Debt Instruments.
2766        Clarification of Section 6411 Regulations.............................................    1545-BF66
2767        United States Dollar Approximate Separate Transactions Method.........................    1545-BF67
2768        Reporting Rules For Widely Held Fixed Investment Trusts...............................    1545-BF75
2769        Return Required by Subchapter T Cooperatives Under Section 6012.......................    1545-BF82
2770        Source Rules Involving U.S. Possessions and Other Conforming Changes..................    1545-BF85
2771        Reporting Rules for Widely Held Fixed Investment Trusts...............................    1545-BF86
2772        Tax Increase Prevention and Reconciliation Act of 2005 Amendments to Section 199......    1545-BF88
2773        Rules Under Section 302 of The Katrina Emergency Tax Relief Act of 2005...............    1545-BF89
2774        Section 181 - Deduction for Qualified Film and Television Production Costs............    1545-BF95
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2775        FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other       1545-AI16
            Special Rules for FSC.................................................................
2776        Foreign Corporations..................................................................    1545-AK74
2777        Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign           1545-AK79
            Investment in Real Property Tax Act...................................................
2778        Income of Foreign Governments and International Organizations.........................    1545-AL93
2779        Clarification of Treatment of Separate Limitation Losses..............................    1545-AM11
2780        Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch     1545-AM12
            Remittances...........................................................................
2781        Earnings and Profits of Controlled Foreign Corporations...............................    1545-AM90
2782        Caribbean Basin Investments...........................................................    1545-AM91
2783        Consolidated Alternative Minimum Tax..................................................    1545-AN73
2784        Conforming Taxable Years of CFCs and FPHCs............................................    1545-AO22
2785        Foreign Insurance Company--Domestic Election..........................................    1545-AO25
2786        Information Reporting and Record Maintenance..........................................    1545-AP10
2787        Use of GAAP Earnings as E&P of Foreign Corporations...................................    1545-AQ55
2788        Interest-Free Adjustments.............................................................    1545-AQ61
2789        The Treatment of Accelerated Death Benefits...........................................    1545-AQ70
2790        Mark-to-Market Upon Disposition.......................................................    1545-AS85
2791        Allocation of Accrued Benefits Between Employer and Employee Contributions............    1545-AT82
2792        Foreign Corporations Regulations......................................................    1545-AT96
2793        Application of Grantor Trust Rules to Nonexempt Employees' Trusts.....................    1545-AU29
2794        Recomputation of Life Insurance Reserves..............................................    1545-AU49
2795        Electronic Transmission of Withholding Certificates...................................    1545-AV27
2796        Substantiating Travel Expense Deductions for Members of Congress......................    1545-AV55
2797        Definition of Accounting Method.......................................................    1545-AX21
2798        Allocation and Apportionment of Interest Expense and Certain Other Expenses...........    1545-AX72
2799        Modification to Section 367(a) Stock Transfer Regulations.............................    1545-AX77
2800        Definition of Passive Foreign Investment Company Under Section 1297...................    1545-AX78
2801        Clarification of Foreign Base Company Sales Income Rules..............................    1545-AX91
2802        Special Rules for S Corporations......................................................    1545-AY44
2803        Previously Taxed Earnings and Profits Under Subpart F.................................    1545-AY54
2804        Payments For Interest in Partnership..................................................    1545-AY90

[[Page 73687]]

 
2805        Consolidated Returns; Nonapplicability of Section 357(c)..............................    1545-BA09
2806        Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens..................    1545-BA86
2807        Guidance To Facilitate Electronic Tax Administration..................................    1545-BA96
2808        Timely Mailing Treatment..............................................................    1545-BA99
2809        Communications Excise Tax; Taxable Communication Services.............................    1545-BB04
2810        Toll Telephone Service--Definition....................................................    1545-BB18
2811        Amending the Low-Income Housing Tax Credit Program....................................    1545-BB37
2812        Amendment to Section 6724 Relating to Failure To File Correct Information Returns.....    1545-BB41
2813        Notarization Requirement for Statements of Purchase...................................    1545-BC11
2814        Contingent at Closing Escrows.........................................................    1545-BC16
2815        Substitute for Return (SFR) and Automated Substitute for Return (ASFR)................    1545-BC45
2816        Transactions Involving the Transfer of No Net Equity Value............................    1545-BC88
2817        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BC93
            Department of Commerce................................................................
2818        Accumulated Adjustment Account and Other Corporate Separations Under Section 355......    1545-BC98
2819        Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind      1545-BD19
            Property..............................................................................
2820        Guidance on Phased Retirement.........................................................    1545-BD23
2821        Transfers of Restricted Stock.........................................................    1545-BD44
2822        Transfers of Restricted Stock (Temporary).............................................    1545-BD45
2823        HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction With FMLA..    1545-BD51
2824        Special Rules To Reduce Section 1446 Withholding......................................    1545-BD80
2825        Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs......    1545-BD82
2826        Return for Subchapter T Cooperatives..................................................    1545-BD92
2827        Employer's Annual Federal Employment Tax Return--Form 944.............................    1545-BD93
2828        Return for Subchapter T Cooperatives (Temporary)......................................    1545-BD98
2829        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BE02
            Department of Commerce (Temporary)....................................................
2830        Application of Section 6404(g) Suspension Provisions..................................    1545-BE07
2831        Disclosure of Return Information to the Bureau of the Census..........................    1545-BE08
2832        Information Returns by Donees Relating to Qualified Intellectual Property                 1545-BE11
            Contributions.........................................................................
2833        Information Returns Required With Respect to Certain Foreign Corporations and Other       1545-BE47
            Conforming Changes....................................................................
2834        Simplification of Extension Process Under Section 6081................................    1545-BE62
2835        Converting an IRA Annuity to a Roth IRA...............................................    1545-BE65
2836        Abandonment of Stock and Other Securities.............................................    1545-BE80
2837        Foreign Currency Contract Defined.....................................................    1545-BE82
2838        Foreign Currency Contract Defined (Temporary).........................................    1545-BE83
2839        Life/Non-Life Tacking Rule............................................................    1545-BE85
2840        Procedures for Administrative Review of a Determination That an Authorized Recipient      1545-BF21
            Has Failed To Safeguard Federal Tax Returns or Return Information.....................
2841        Depreciation of MACRS Property That Is Acquired in a Like-Kind Exchange or as a Result    1545-BF37
            of an Involuntary Conversion..........................................................
2842        Failure To Maintain List of Advisees With Respect to Reportable Transactions..........    1545-BF38
2843        Failure To Maintain List of Advisees With Respect to Reportable Transactions..........    1545-BF39
2844        Requirements for Reorganizations Qualifying Under Section 368(a)(1)(E) or (F).........    1545-BF51
2845        Determination of Interest Expense Deduction of Foreign Corporations...................    1545-BF71
2846        Definition of Taxpayer for Purposes of Section 901 and Related Matters................    1545-BF73
2847        Exclusion of Income from the International Operation of Ships or Aircraft.............    1545-BF90
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2848        Reporting of Payments to Attorneys....................................................    1545-AW72
2849        Stock Transfer Rules--Carryover of Earnings and Taxes.................................    1545-AX65
2850        Allocation of Income and Deductions From Intangibles..................................    1545-AY38
2851        Election--Asset Acquisitions of Insurance Companies...................................    1545-AY49
2852        Transitional Relief for Qualified Intermediaries......................................    1545-AY92
2853        Redemptions Treated as Dividends......................................................    1545-BA80

[[Page 73688]]

 
2854        Investigative Disclosures.............................................................    1545-BB16
2855        Limitation on Use of Nonaccrual Experience Method of Accounting.......................    1545-BB43
2856        Special Depreciation Allowance........................................................    1545-BB57
2857        Collection After Assessment...........................................................    1545-BC72
2858        Exclusion of Employees of 501(c)(3) Organizations in 401(k) and 401(m) Plans..........    1545-BC87
2859        Attained Age of the Insured...........................................................    1545-BD00
2860        Requirements for Reorganizations......................................................    1545-BD31
2861        Treatment of Disregarded Entities Under Section 752...................................    1545-BD48
2862        Manufacturer Incentive Payments in an Intercompany Transaction........................    1545-BD55
2863        Aggregate Computation; Allocation of Research Credit..................................    1545-BD60
2864        Flat Rate Supplemental Wage Withholding...............................................    1545-BD96
2865        Section 6011 Regulations (Temporary)..................................................    1545-BE25
2866        Section 6111 Regulations (Temporary)..................................................    1545-BE27
2867        Section 6112 Regulations (Temporary)..................................................    1545-BE29
2868        Employer Comparable Contributions to Health Savings Accounts Under Section 4980G......    1545-BE30
2869        Domestic Workers Regulation Update (Application of the Federal Insurance Contributions    1545-BE32
            Act to Payments Made for Certain Services)............................................
2870        Income Attributable to Domestic Production Activities.................................    1545-BE33
2871        Special Depreciation Allowance--Extended Placed-In-Service Date.......................    1545-BE55
2872        Special Depreciation Allowance-Extended Placed-In-Service Date (Temporary)............    1545-BE56
2873        Limitation on Transfer of Built-In Losses (Temporary).................................    1545-BE59
2874        Dividends Paid Deduction for Stock Held in Employee Stock Ownership Plan (ESOP).......    1545-BE74
2875        Railroad Track Maintenance Credit (Temporary).........................................    1545-BE91
2876        Intercompany Transactions; Manufacturer Incentive Payments............................    1545-BF32
2877        Amendment of Statutory Mergers and Consolidations.....................................    1545-BF36
2878        Information Returns Required With Respect to Certain Foreign Corporations and Other       1545-BF49
            Conforming Changes (temporary)........................................................
2879        Computer Software Under Section 199(c)(5)(B)..........................................    1545-BF57
2880        User Fees Relating to Enrollment......................................................    1545-BF68
2881        Determination of Interest Expense Deduction of Foreign Corporations (Temporary).......    1545-BF70
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2882        Implementation of a Revised Basel Capital Accord (Basel II) (Reg Plan Seq No. 97).....    1550-AB56
2883        12 CFR 506 Securities-Related Activities of Savings Associations......................    1550-AB92
2884        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Maintenance: Domestic         1550-AB98
            Capital Modifications.................................................................
2885        Procedures To Enhance the Accuracy and Integrity of Information Furnished to Consumer     1550-AC01
            Reporting Agencies Under Section 312 of the Fair and Accurate Credit Transactions Act.
2886        Risk Based Capital--Market Risk Rule..................................................    1550-AC02
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in part II of this issue of the Federal Register.


                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2887        Fair Credit Reporting Affiliate Marketing Regulations.................................    1550-AB90
2888        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1550-AB94
            Institutions and Creditors............................................................
2889        12 CFR 544 Federal Savings Association Bylaws; Integrity of Directors.................    1550-AC00
2890        Supplemental Standards of Ethical Conduct for Employees of the Department of Treasury.    1550-AC03
2891        Subordinated Debt Securities and Mandatorily Redeemable Preferred Stock...............    1550-AC06
2892        12 CFR 563b Stock Benefit Plans in Mutual-to-Stock Conversions and Mutual Holding         1550-AC07
            Company Structures....................................................................
----------------------------------------------------------------------------------------------------------------


[[Page 73689]]


                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2893        12 CFR 563e Community Reinvestment Act................................................    1550-AB48
2894        12 CFR 528 Technical Amendments to Reflect BIF and SAIF Merger........................    1550-AC05
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2394. TERRORISM RISK INSURANCE PROGRAM; RECOUPMENTS OF FEDERAL SHARE OF 
COMPENSATION FOR INSURED LOSSES

Priority: Other Significant

Legal Authority: 5 USC 301; Terrorism Risk Insurance Act of 2002, Title 
I, PL 107-297, 116 Stat 2322; Terrorism Risk Insurance Extension Act of 
2005, PL 109-144, 119 Stat 2660

CFR Citation: 31 CFR 50

Legal Deadline: None

Abstract: As the statutorily authorized administrator of the Terrorism 
Risk Insurance Program, Treasury is issuing proposed and final 
regulations to implement the Program. Under the Terrorism Risk 
Insurance Act of 2002, title I, Public Law 107-297, and the Terrorism 
Risk Insurance Extension Act of 2005, Public Law 109-144, the Federal 
Government shares the risk of insured losses from certified acts of 
terrorism with commercial property and casualty insurers until the 
Program sunsets on December 31, 2007. This rule incorporates and 
clarifies statutory requirements for the recoupment of the Federal 
share of compensation for insured losses. The rule establishes 
requirements for determining amounts to be recouped and for procedures 
insurers are to use for collecting terrorism policy surcharges and 
remitting them to the Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Howard Leikin, Deputy Director, Department of the 
Treasury, Office of Financial Institutions, Terrorism Risk Insurance 
Program, 1425 New York Avenue NW., Washington, DC 20220
Phone: 202 622-6770
Email: [email protected]

RIN: 1505-AB10
_______________________________________________________________________




2395. REMOTE LOCATION FILING

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1484; 19 USC 1624; 19 
USC 1641

CFR Citation: 19 CFR 111; 19 CFR 113; 19 CFR 141; 19 CFR 143

Legal Deadline: None

Abstract: Amendment to allow entry filers to electronically file 
entries of merchandise with the Bureau of Customs and Border Protection 
from locations other than at the port of arrival of the merchandise or 
the location of examination of the merchandise.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC23

Agency Contact: Marla Bianchetta, Operations Officer, Department of the 
Treasury, Customs and Border Protection, Office of Field Operations, 
1300 Pennsylvania Avenue, NW., Washington, DC 20229
Phone: 202 344-2693

RIN: 1505-AB20
_______________________________________________________________________




2396. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 197 to 19 USC 198; 19 USC 58a to 
58c; 19 USC 66; 19 USC 1202; 19 USC 1450; 19 USC 1624; 31 USC 9701

CFR Citation: 19 CFR 24

Legal Deadline: None

Abstract: Amendment to expand the number of ways that the Bureau of 
Customs and Border Protection will accept payment of duties, taxes, 
fees, interest, and other charges. Currently, the regulations allow for 
credit or charge cards, which have been authorized by the Commissioner 
of the Bureau of Customs and Border Protection (Commissioner), to be 
used at designated customs-serviced locations with a limitation that 
this method of payment may only be used by noncommercial entities. 
Amendment allows credit and charge cards authorized by the Commissioner 
of CBP to be used for payment of duties, taxes, fees, interest, and 
other charges not related to formal consumption entries for consumption 
in United States commerce, warehouse withdrawals or quarterly user fees 
and by removing the limitation that these methods of payment may only 
be used for noncommercial entries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/17/99                    64 FR 13141
NPRM Comment Period End         05/17/99
Second NPRM                     12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC40

[[Page 73690]]

Agency Contact: Doreen Garrett, Financial Officer, Financial Policy 
Division, Department of the Treasury, Customs and Border Protection, 
Office of Finance, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-2689

James Mich, Supervisory Financial Officer, Financial Policy Division, 
Department of the Treasury, Customs and Border Protection, Office of 
Finance, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-2372

RIN: 1505-AB22
_______________________________________________________________________




2397. UNIFORM RULES OF ORIGIN

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624

CFR Citation: 19 CFR 102

Legal Deadline: None

Abstract: Amendment to set forth uniform rules for determining the 
country of origin of imported goods.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Daniel Cornette, Attorney, Valuation and Special 
Programs Branch, Department of the Treasury, Office of Regulations and 
Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8731

RIN: 1505-AB49
_______________________________________________________________________




2398. REVISION OF OUTBOUND REDELIVERY PROCEDURES AND LIABILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1623; 19 USC 1624

CFR Citation: 19 CFR 113

Legal Deadline: None

Abstract: Amendment of the condition in an international carrier bond 
regarding the unlawful disposition of merchandise in order to allow CBP 
to better control the exportation of merchandise and to have more 
control over demands for redelivery. Conditions of the bond would be 
amended to no longer require the merchandise to be labeled as seized 
and detained for the principal to be required to obtain permission from 
CBP prior to placing the merchandise on board a conveyance for export 
or otherwise disposing of the merchandise. Instead of the condition 
being applicable when CBP labels merchandise, the condition would be 
applicable when CBP notifies the principal either in writing or 
electronically that the merchandise has been seized or detained.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Linda Shoupe, Operations Officer, Department of the 
Treasury, Customs and Border Protection, Office of Field Operations, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-3251

RIN: 1505-AB52
_______________________________________________________________________




2399. CENTRALIZATION OF THE CONTINUOUS BOND PROGRAM AT THE CBP NATIONAL 
FINANCE CENTER

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 19 USC 1623

CFR Citation: 19 CFR 101; 19 CFR 113

Legal Deadline: None

Abstract: Amendment to reflect CBP's planned centralization of the 
continuous bond program at the National Finance Center (NFC). Pursuant 
to this centralization, all continuous bonds would be filed at the NFC 
via mail, fax, or in an electronic format. The NFC would assume most of 
the bond functions previously performed at the port level, with the 
noted exception that the authority to approve single transaction bonds 
will remain with port directors. These changes would support CBP's bond 
program by ensuring an efficient and uniform approach to the approval, 
maintenance, and periodic review of continuous bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bruce Ingalls, Chief, Debt Management Branch, 
Department of the Treasury, Office of Finance, 6650 Telecom Drive, 
Suite 100, Indianapolis, IN 46278
Phone: 317 298-1307

RIN: 1505-AB54
_______________________________________________________________________




2400. ADMINISTRATIVE RULINGS AND PROTESTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202 (General Note 3(i), 
Harmonized Tariff Schedule of the United States); 19 USC 1502; 19 USC 
1624; 19 USC 1625; 19 USC 1514; 19 USC 1515; 19 USC 1448; 19 USC 1484; 
19 USC 1501; 19 USC 1520; . . .

CFR Citation: 19 CFR 177; 19 CFR 174; 19 CFR 173; 19 CFR 142

Legal Deadline: None

Abstract: Amendments to implement the administrative rulings process as 
well as the filing and administrative review of protests against 
specific decisions of Customs and Border Protection (CBP). Amendments 
reflect changes to the underlying statutory authority to parts 177 and 
174 of title 19 of the CFR made by the Customs Modernization Provisions 
of the North American Free Trade Agreement (``NAFTA'') Implementation 
Act. Proposed changes to part 174 also reflect statutory amendments 
made by the Miscellaneous Trade and Technical Corrections Act of 1999 
regarding protests against decisions on post-importation NAFTA claims 
and the time required for allowing or denying an application for 
further review of a protest. Additional changes to part 174 are 
proposed to reflect statutory amendments made by the Miscellaneous 
Trade and Technical Corrections Act of 2004 which impact the types of 
matters that are subject to protest, and extend various protest time 
limits such as the time to file and amend a protest, the time for a 
surety to file a protest, and the time to file a request for 
accelerated disposition of a protest. Other changes proposed serve to 
modernize, clarify, and enhance

[[Page 73691]]

current CBP administrative rulings and protest procedures and reflect 
the nomenclature changes effected by the transfer of CBP to the 
Department of Homeland Security and the subsequent renaming of the U.S. 
Customs Service as the Bureau of Customs and Border Protection.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: William G. Rosoff, Chief, Entry Process and Duty Refund 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8807

Gail Hamill, Chief, Tariff Classification and Marking Branch, 
Department of the Treasury, Office of Regulations and Rulings, 1300 
Pennsylvania Ave, NW., Washington, DC 20229
Phone: 202 572-8810

RIN: 1505-AB65
_______________________________________________________________________




2401. [bull] FOREIGN REPAIRS TO AMERICAN VESSELS; CONSOLIDATION OF 
VESSEL REPAIR UNITS

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 1431; 19 USC 1433; 19 USC 1434; 19 USC 1624; 19 
USC 2071 note; 19 USC 66; 46 USC App. 3; 46 USC App. 91; 5 USC 301; 19 
USC 1466; 19 USC 1498

CFR Citation: 19 CFR 4.14

Legal Deadline: None

Abstract: This document proposes to amend the Customs and Border 
Protection (``CBP'') regulations governing the location of CBP Vessel 
Repair Units (``VRUs''). VRUs are responsible for processing vessel 
repair entries filed by persons required to declare purchases for or 
repairs to certain vessels while they are outside the United States. As 
a result of a sustained decrease in the number of vessel repair entries 
filed, CBP is proposing to consolidate the VRUs by closing the VRUs 
located in San Francisco and New York and by requiring all vessel 
repair entries to be filed at the VRU in New Orleans. CBP also is 
proposing to amend the CBP regulations relating to the declaration, 
entry, and assessment of duty with regard to vessel repairs and 
purchases to advise that the enactment and implementation of free trade 
agreements between the United States and other countries may impact 
upon the dutiable status of vessel repair expenditures made in foreign 
countries that are parties to those agreements, and to require that, if 
a single entry bond is used for a vessel repair entry, the bond must be 
attached to the entry at the time of submission. In addition, this 
document proposes to amend the CBP regulations relating to claims for 
relief from the assessment of vessel repair duties to reflect a 2004 
amendment to the vessel repair statute that created an exemption from 
vessel repair duties for the cost of certain equipment, repair parts, 
and materials.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jennifer Dolan, Entry Specialist, Department of the 
Treasury, 1300 Pennsylvania Avenue NW., Office of Field Operations, 
Washington, DC 20229
Phone: 202 344-2568

RIN: 1505-AB71
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Departmental Offices (DO)



_______________________________________________________________________




2402. REPORTING AND PROCEDURES REGULATIONS; CUBAN ASSETS CONTROL 
REGULATIONS: PUBLICATION OF ECONOMIC SANCTIONS ENFORCEMENT GUIDELINES

Priority: Substantive, Nonsignificant

Legal Authority: 21 USC 1901 to 1908; 22 USC 287c; 31 USC 321(b); 50 
USC 1701 to 1706; 50 USC app 1-44

CFR Citation: 31 CFR 501; 31 CFR 515

Legal Deadline: None

Abstract: The Office of Foreign Assets Control (OFAC) of the U.S. 
Department of the Treasury is publishing for public comment an updated 
version of its internal Economic Sanctions Enforcement Guidelines. 
These Guidelines are being published as separate appendices to two 
parts of the Code of Federal Regulations: 1) General provisions are 
being published as an appendix to the Reporting and Procedures 
Regulations, 31 CFR part 501; and 2) specific provisions focusing on 
Cuba are being published as an appendix to the Cuban Assets Control 
Regulations, 31 CFR part 515. To the extent this proposed rule applied 
to ``banking institutions,'' it is superceded by the interim final 
rule, `Economic Sanctions Enforcement Procedures for Banking 
Institutions,' issued by OFAC on January 11, 2006 (71 FR 1971).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/03                     68 FR 4422
NPRM Comment Period End         03/31/03
Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Chief Of Records, Department of the Treasury, Office of 
Foreign Assets Control, 1500 Pensylvania Avenue NW., Washington, DC 
20220
Phone: 202 622-2530
Fax: 202 622-1657

Related RIN: Related to 1505-AB69
RIN: 1505-AA95
_______________________________________________________________________




2403. COUNTRY-OF-ORIGIN MARKING

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: Amendments clarify the country-of-origin marking rules set 
forth in part 134 of the Bureau of

[[Page 73692]]

Customs and Border Protection Regulations. Amendments promote the 
concept of informed compliance by the trade and proper field 
administration of the statutory requirement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/26/00                     65 FR 4193
NPRM Comment Period End         04/26/00                    65 FR 17473
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC32

Agency Contact: Gail Hamill, Chief, Tariff Classification and Marking 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Ave, NW., Washington, DC 20229
Phone: 202 572-8810

RIN: 1505-AB21
_______________________________________________________________________




2404. USER AND NAVIGATION FEES; OTHER REIMBURSABLE CHARGES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 
19 USC 1431; 19 USC 1433; 19 USC 1434; 19 USC 1505; 19 USC 1624; 31 USC 
9701; 46 USC 2110 to 2112

CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 101

Legal Deadline: None

Abstract: Amendment regarding the proper assessment of user and 
navigation fees, as well as other reimbursement charges for customs 
services performed in connection with, among other things, the 
processing of vehicles, vessels, aircraft, and merchandise arriving in 
the United States. The purpose of the amendment is to conform the 
regulations with the intent of the customs user fee statute and to 
reflect existing operational policy and administrative practice in this 
area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/01/01                    66 FR 21705
NPRM Comment Period End         07/02/01
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC63

Agency Contact: Peter Flores, Department of the Treasury, Office of 
Field Operations, 1300 Pennsylvania Avenue, NW., Washington, DC 20229
Phone: 202 344-3127

RIN: 1505-AB24
_______________________________________________________________________




2405. AFRICAN GROWTH AND OPPORTUNITY ACT AND GENERALIZED SYSTEM OF 
PREFERENCES

Priority: Substantive, Nonsignificant

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 
2461; 19 USC 3314; 19 USC 3721

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: Final, Statutory, October 1, 2000, Public Law 106-200.

Abstract: Amendments to implement the trade benefit provisions for sub-
Saharan Africa contained in title I of the Trade and Development Act of 
2000. The trade benefits under title I, also referred to as the African 
Growth and Opportunity Act, apply to sub-Saharan African countries 
designated by the President and involve the extension of duty-free 
treatment under the Generalized System of Preferences (GSP) to 
nonimport-sensitive, nontextile articles normally excluded from GSP 
duty-free treatment, and the entry of specific textile and apparel 
articles free of duty and free of any quantitative limits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/05/00                    65 FR 59668
Interim Final Rule Effective    10/01/00
Interim Final Rule Comment 
Period End                      12/04/00
Final Action                    02/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC72

Agency Contact: Cynthia Reese, Senior Attorney, Department of the 
Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8810

RIN: 1505-AB26
_______________________________________________________________________




2406. UNITED STATES-CARIBBEAN BASIN TRADE PARTNERSHIP ACT AND CARIBBEAN 
BASIN INITIATIVE

Priority: Substantive, Nonsignificant

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 
2701; 19 USC 3314

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: Final, Statutory, October 1, 2000, Public Law 106-200.

Abstract: Amendments to implement the trade benefit provisions for 
Caribbean Basin countries contained in title II of the Trade and 
Development Act of 2000. The trade benefits under title II, also 
referred to as the United States-Caribbean Basin Trade Partnership Act 
(the CBTPA), apply to Caribbean Basin countries designated by the 
President and involve the entry of specific textile and apparel 
articles free of duty and free of any quantitative restrictions, 
limitations, or consultation levels and the extension of NAFTA duty 
treatment standards to nontextile articles that are excluded from duty-
free treatment under the Caribbean Basin Initiative program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Effective    10/01/00                    65 FR 59650
Interim Final Rule              10/05/00                    65 FR 59650
Interim Final Rule Comment 
Period End                      12/04/00
Final Action                    02/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC76

Agency Contact: Cynthia Reese, Senior Attorney, Department of the 
Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8790

RIN: 1505-AB28

[[Page 73693]]

_______________________________________________________________________




2407. REIMBURSABLE CUSTOMS INSPECTIONAL SERVICES--INCREASE IN HOURLY 
RATE CHARGE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 6103; 19 USC 58a to 58c; 19 USC 66; 
19 USC 261; 19 USC 267; 19 USC 1202; 19 USC 1450 to 1452; 19 USC 1456; 
19 USC 1505; 19 USC 1557; 19 USC 1562; 19 USC 1624; 26 USC 4461; 26 USC 
4462; 31 USC 9701; 46 USC 2110 to 2112

CFR Citation: 19 CFR 24; 19 CFR 101

Legal Deadline: None

Abstract: Amendment to increase the rate of charge for reimbursable 
customs inspectional services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/01                     66 FR 8554
NPRM Comment Period End         04/02/01
Second NPRM                     10/09/02                    67 FR 62920
Second NPRM Comment Period End  12/09/02
Final Action                    02/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC77

Agency Contact: Bruce Ingalls, Chief, Debt Management Branch, 
Department of the Treasury, Office of Finance, 6650 Telecom Drive, 
Suite 100, Indianapolis, IN 46278
Phone: 317 298-1307

RIN: 1505-AB29
_______________________________________________________________________




2408. DOG AND CAT PROTECTION ACT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1308; 19 USC 1592; 19 
USC 1593a; 19 USC 1624

CFR Citation: 19 CFR 12; 19 CFR 113; 19 CFR 151; 19 CFR 162

Legal Deadline: Final, Statutory, August 9, 2001, Public Law 106-476.

Abstract: Amendment to implement certain provisions of the Dog and Cat 
Protection Act of 2000. The Dog and Cat Protection Act of 2000 
prohibits the importation of any products containing dog or cat fur, 
and provides for civil and criminal penalties for violations of the 
Act. Amendment sets forth the prohibitions on dog and cat fur 
importations and the penalties for violations. Amendment also 
implements the provision of the Act pertaining to CBP's certification 
process of commercial laboratories, both domestic and foreign, that can 
determine if articles intended to be imported into the United States 
contain dog or cat fur.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/10/01                    66 FR 42163
NPRM Comment Period End         10/09/01
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC87

Agency Contact: Alan Cohen, Attorney-Advisor, Penalties Branch, 
Department of the Treasury, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8742

John Pierce, Operations Officer, Commercial Enforcement Branch, 
Department of the Treasury, Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1539

Renee Stevens, Science Officer, Department of the Treasury, Office of 
Laboratories and Scientific Services, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 703 621-7714

Jeremy Baskin, Special Assistant, Office of the Assistant Commissioner, 
Department of the Treasury, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8753

RIN: 1505-AB31
_______________________________________________________________________




2409. TRADE BENEFITS UNDER THE AFRICAN GROWTH AND OPPORTUNITY ACT

Priority: Substantive, Nonsignificant

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 
3721; 19 USC 3314

CFR Citation: 19 CFR 10

Legal Deadline: None

Abstract: Amendment to those provisions of the Customs and Border 
Protection Regulations that implement the trade benefit provisions for 
sub-Saharan African countries contained in the African Growth and 
Opportunity Act (the AGOA). Amendments involve the textile and apparel 
provisions of the AGOA and in part reflect changes to those statutory 
provisions by section 3108 of the Trade Act of 2002. The specific 
statutory changes involve the amendment of several provisions to 
clarify the status of apparel articles assembled from knit-to-shape 
components, the inclusion of a specific reference to apparel articles 
formed on seamless knitting machines, a change of the wool fiber 
diameter specified in one provision, and the addition of a new 
provision to cover additional production scenarios involving the United 
States and AGOA beneficiary countries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/21/03                    68 FR 13820
Interim Final Rule Effective    03/21/03
Interim Final Rule Comment 
Period End                      05/20/03
Final Action                    02/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD20

Agency Contact: Robert Abels, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1959

Cynthia Reese, Senior Attorney, Department of the Treasury, Office of 
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 572-8790

RIN: 1505-AB38

[[Page 73694]]

_______________________________________________________________________




2410. FEES FOR CUSTOMS PROCESSING AT EXPRESS CONSIGNMENT CARRIER 
FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 
19 USC 1505; 19 USC 261; 19 USC 267; 19 USC 1450 to 1452; 19 USC 1456; 
19 USC 1524; 19 USC 1557; 19 USC 1562; 19 USC 1624; 26 USC 4461; 26 USC 
4462; 19 USC 3332; 46 USC 2110 to 2112

CFR Citation: 19 CFR 24; 19 CFR 113; 19 CFR 128

Legal Deadline: None

Abstract: Amendment to implement amendments to the customs user fee 
statute made by section 337 of the Trade Act of 2002 and section 
2004(f) of the Miscellaneous Trade and Technical Corrections Act of 
2004. Statutory amendments made by section 337 concern the fees payable 
for customs services provided in connection with the informal entry or 
release of shipments at express consignment carrier facilities and 
centralized hub facilities, and primarily serve to replace the annual 
lump sum payment procedure with a quarterly payment procedure based on 
a specific fee for each individual air waybill or bill of lading. 
Section 2004(f) amended the user fee statute to authorize, for 
merchandise that is formally entered at these sites, the assessment of 
merchandise processing fees provided for in 19 U.S.C. 58c(a)(9), in 
addition to the fees that are currently assessed on individual air 
waybills or bills of lading. Lastly, pursuant to the authority 
established in 19 U.S.C. 58c(b)(9)(B)(i), this document proposes to 
raise the existing $0.66 fee assessed on individual air waybills or 
bills of lading to $1.00 to more equitably align it with the actual 
costs incurred by CBP in processing these items.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/28/06                    71 FR 42778
NPRM Comment Period End         08/28/06
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD21

Agency Contact: Michael L. Jackson, Operations Officer, Trade 
Enforcement and Facilitation, Department of the Treasury, Customs and 
Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 344-1196

RIN: 1505-AB39
_______________________________________________________________________




2411. TRADE BENEFITS UNDER THE CARIBBEAN BASIN ECONOMIC RECOVERY ACT

Priority: Substantive, Nonsignificant

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 
2701; 19 USC 3314

CFR Citation: 19 CFR 10

Legal Deadline: None

Abstract: Amendment to implement the trade benefits for Caribbean Basin 
countries contained in section 213(b) of the Caribbean Basin Economic 
Recovery Act (the CBERA). Amendments involve the textile and apparel 
provisions of section 213(b) and in part reflect changes made to those 
statutory provisions by section 3107 of the Trade Act of 2002. The 
specific statutory changes involve the amendment of several provisions 
to clarify the status of apparel articles assembled from knit-to-shape 
components, the addition of language requiring any dyeing, printing, 
and finishing of certain fabrics to be done in the United States, the 
inclusion of exception language in the brassieres provision regarding 
articles entered under other CBERA apparel provisions, the addition of 
a provision permitting the dyeing, printing, and finishing of thread in 
the Caribbean region, and the addition of a new provision to cover 
additional production scenarios involving the United States and the 
Caribbean region.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/21/03                    68 FR 13827
Interim Final Rule Effective    03/21/03
Interim Final Rule Comment 
Period End                      05/20/03
Final Action                    02/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD22

Agency Contact: Robert Abels, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1959

Cynthia Reese, Senior Attorney, Department of the Treasury, Office of 
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 572-8790

RIN: 1505-AB40
_______________________________________________________________________




2412. UNITED STATES--CHILE FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 3805 note; 19 USC 1202; 19 USC 66; 19 USC 1624; 
. . .

CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 163; . . .

Legal Deadline: Final, Statutory, January 1, 2005, United States-Chile 
Free Trade Agreement Implementation Act.

Abstract: Amendment to implement the preferential tariff treatment and 
other customs-related provisions of the Free Trade Agreement entered 
into by the United States and the Republic of Chile.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/07/05                    70 FR 10868
Interim Final Rule Comment 
Period End                      06/06/05
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1959

RIN: 1505-AB47

[[Page 73695]]

_______________________________________________________________________




2413. UNITED STATES--SINGAPORE FREE TRADE AGREEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 3805 note; 19 USC 1202; 19 USC 66; 19 USC 1624; 
. . .

CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 163; . . .

Legal Deadline: Final, Statutory, January 1, 2005, U.S.-Singapore Free 
Trade Agreement Implementation Act.

Abstract: Amendment to implement the preferential tariff treatment and 
other customs-related provisions of the Free Trade Agreement entered 
into by the United States and the Republic of Singapore.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1959

RIN: 1505-AB48
_______________________________________________________________________




2414. RECORDATION OF COPYRIGHTS AND ENFORCEMENT PROCEDURES TO PREVENT 
IMPORTATION OF PIRATICAL ARTICLES

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1124; 15 USC 1125; 17 USC 101; 17 USC 106; 17 
USC 501; 19 USC 66; 19 USC 1499; 19 USC 1595a; 17 USC 1201(b); 18 USC 
2319A; . . .

CFR Citation: 19 CFR 133

Legal Deadline: None

Abstract: This amendment will allow CBP to be more responsive to claims 
of piracy. Amendment would allow sound recordings and motion pictures 
or similar audio-visual works to be recorded with CBP while pending 
registration with the U.S. Copyright Office. Amendment would also 
enhance the protection of all non-U.S. works by allowing recordation 
without requiring registration with the U.S. Copyright Office. 
Amendment would also set forth changes to CBP's enforcement procedures, 
including, among other things, enhanced disclosure provisions, 
protection for live musical performances and provisions to enforce the 
Digital Millennium Copyright Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/05/04                    69 FR 59562
NPRM Comment Period End         11/04/04
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: George F. McCray, Chief, IPR & Restricted Merchandise 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8709

Paul Pizzeck, Attorney, IPR & Restricted Merchandise Branch, Department 
of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 572-8710

RIN: 1505-AB51
_______________________________________________________________________




2415. CONDITIONAL RELEASE PERIOD AND CUSTOMS BOND OBLIGATIONS FOR FOOD, 
DRUGS, DEVICES, AND COSMETICS (SECTION 610 REVIEW)

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1448; 19 USC 1484; 19 
USC 1499; 19 USC 1623; 19 USC 1624; 21 USC 381

CFR Citation: 19 CFR 141; 19 CFR 151

Legal Deadline: None

Abstract: Amendment to provide for a specific conditional release 
period for any food, drug, device, or cosmetic that has been released 
under bond and for which admissibility is to be determined under the 
provisions of the Food, Drug, and Cosmetic Act. Amendment also 
clarifies the amount of liquidated damages that may be assessed when 
there is a breach of the terms and conditions of the customs bond. 
Lastly, amendment authorizes any representative of the Food and Drug 
Administration to obtain a sample of any food, drug, device, or 
cosmetic, the importation of which is governed by section 801 of the 
Food, Drug, and Cosmetic Act, as amended.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/07/02                    67 FR 39322
NPRM Comment Period End         08/06/02
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD05; 1651-AA39.

Agency Contact: Jeremy Baskin, Special Assistant, Office of the 
Assistant Commissioner, Department of the Treasury, Office of 
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 572-8753

RIN: 1505-AB57
_______________________________________________________________________




2416. NAFTA: MERCHANDISE PROCESSING FEE EXEMPTION AND TECHNICAL 
CORRECTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 3314

CFR Citation: 19 CFR 181

Legal Deadline: None

Abstract: The document proposes to amend the regulations in title 19, 
Code of Federal Regulations (CFR), regarding claims for the exemption 
of the Merchandise Processing Fee (MPF). The NPRM would clarify that an 
importer is subject to the same declaration requirement that is 
established for claiming NAFTA duty preference in order to claim the 
exemption of the MPF for goods that meet a NAFTA rule of origin even 
when the goods are unconditionally free. In addition, the NPRM would 
make several technical corrections to the regulations, for example, the 
amendment clarifies that a Certificate of Origin is not required for a 
commercial importation for which the total value of originating goods 
does not exceed $2,500.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/23/06                    71 FR 49391
NPRM Comment Period End         10/23/06
Final Action                    06/00/07

[[Page 73696]]

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Seth Mazze, CBP Officer, Office of Field Operations, 
Department of the Treasury, Customs and Border Protection, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-2634

RIN: 1505-AB58
_______________________________________________________________________




2417. COUNTRY OF ORIGIN OF TEXTILE AND APPAREL PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 
3314; 19 USC 3592

CFR Citation: 19 CFR 12; 19 CFR 102; 19 CFR 141; 19 CFR 144; 19 CFR 
146; 19 CFR 163

Legal Deadline: None

Abstract: Amendment of the CBP regulations to update, restructure and 
consolidate the regulations relating to the country of origin of 
textile and apparel products. Amendments reflect changes brought about, 
in part, by the expiration on January 1, 2005, of the Agreement on 
Textiles and Clothing and the resulting elimination of quotas on the 
entry of textile and apparel products from World Trade Organization 
members. The primary regulatory change is the elimination of the 
requirement that a textile declaration be submitted for all 
importations of textile and apparel products. In addition, to improve 
the quality of reporting of the manufacturer of imported textiles and 
apparel products, the amendments include a requirement that importers 
identify the manufacturer of such products through a manufacturer 
identification code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/05/05                    70 FR 58009
Interim Final Rule Comment 
Period End                      12/05/05
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia Reese, Senior Attorney, Department of the 
Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8810

Robert Abels, Operations Officer, Department of the Treasury, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1959

RIN: 1505-AB60
_______________________________________________________________________




2418. FEES FOR CERTAIN SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 58c; 19 USC 66; 19 USC 1202; . . .

CFR Citation: 19 CFR 24

Legal Deadline: None

Abstract: Amendment revises the fees charged for certain customs 
inspectional services under 13031 of the Consolidated Omnibus Budget 
Reconciliation Act of 1985, as amended. Amendments are necessary to 
reflect recent changes in the pertinent statutory provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/24/06                    71 FR 20922
NPRM Comment Period End         05/24/06
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Jerry Petty, Director, Cost Management Division, 
Department of the Treasury, Office of Finance, Customs and Border 
Protection, 1300 Pennsylvania Avenue NW, Washington, DC 20229
Phone: 202 344-1317

RIN: 1505-AB62
_______________________________________________________________________




2419. DOMINICAN REPUBLIC-CENTRAL AMERICA-UNITED STATES FREE TRADE 
AGREEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 4001

CFR Citation: 19 CFR 10

Legal Deadline: Final, Statutory, January 1, 2006, Public Law 109-53.

Abstract: Amendment of CBP regulations to set forth the conditions and 
requirements that apply for purposes of submitting requests to CBP for 
refunds of any excess customs duties paid with respect to entries of 
textile or apparel goods entitled to retroactive application of 
preferential tariff treatment under the Dominican Republic-Central 
American-United States Free Trade Agreement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/07/06                    71 FR 11304
Interim Final Rule Effective    03/07/06
Interim Final Rule Comment 
Period End                      05/08/06
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert Abels, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1959

Cynthia Reese, Senior Attorney, Department of the Treasury, Office of 
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 572-8810

RIN: 1505-AB64
_______________________________________________________________________




2420. ENTRY OF CERTAIN CEMENT PRODUCTS FROM MEXICO REQUIRING A COMMERCE 
DEPARTMENT IMPORT LICENSE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 
1673

CFR Citation: 19 CFR 12.155; 19 CFR 306.201 to 205

Legal Deadline: None

Abstract: This document proposes to amend title 19 of the Code of 
Federal Regulations to set forth special requirements for the entry of 
certain cement products from Mexico requiring a United States 
Department of Commerce import license. The cement products in question 
are those listed in the Agreement Between the Office of the United 
States Trade Representative, the United States Department of Commerce, 
and Mexico's Secretaria de Economia on Trade in Cement, dated March 6, 
2006. The changes proposed

[[Page 73697]]

in this document require the inclusion of an import license number on 
the entry summary documentation filed with Customs and Border 
Protection for any cement product for which the United States 
Department of Commerce requires under its cement licensing and import 
monitoring program as well as a valid Mexican export license with the 
entry documentation for cement covered by the Agreement on Trade in 
Cement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/01/06                    71 FR 31125
NPRM Comment Period End         06/21/06
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

URL For More Information:
www.ia.ita.doc.gov/download/mexico-cement/cement-final-agreement.pdf

Agency Contact: Alice Buchanan, Office of Field Operations, Department 
of the Treasury, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 344-2697

Related RIN: Related to 0625-AA70
RIN: 1505-AB68
_______________________________________________________________________




2421. ECONOMIC SANCTIONS ENFORCEMENT PROCEDURES FOR BANKING INSTITUTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 18 USC 2332d; 21 USC 1901 to 1908; 22 USC 287c; 22 USC 
2370(a); 31 USC 321(b); 50 USC 1701 to 1706; 50 USC app 1 to 44; PL 
101-410 (28 USC 2461 note); EO 9193; EO 9989; EO 12854

CFR Citation: 31 CFR 501

Legal Deadline: None

Abstract: This interim final rule supercedes the proposed rule issued 
by the Office of Foreign Assets Control (OFAC) on January 29, 2003 (68 
FR 4422) to the extent that the proposed rule applied to ``banking 
institutions,'' as defined in the interim final rule. These 
administrative procedures are published as an appendix to OFAC's 
Reporting, Procedures and Penalties Regulations (31 CFR 501).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/11/06                     71 FR 1971
Interim Final Rule Comment 
Period End                      03/13/06
Final Rule                      04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Assistant Director Of Records, Department of the 
Treasury, Office of Foreign Assets Control, 1500 Pennsylvania Avenue 
NW.--Annex, Washington, DC 20220
Phone: 202 622-2530
Fax: 202 522-1657

Related RIN: Related to 1505-AA95
RIN: 1505-AB69
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Departmental Offices (DO)



_______________________________________________________________________




2422. POSSIBLE REGULATION OF ACCESS TO ACCOUNTS AT FINANCIAL 
INSTITUTIONS THROUGH PAYMENT SERVICE PROVIDERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

CFR Citation: 31 CFR Ch II

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           01/08/99                     64 FR 1149
ANPRM Comment Period End        04/08/99


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Donna Felmlee
Phone: 202 622-1808

RIN: 1505-AA74
_______________________________________________________________________




2423. FINANCIAL SUBSIDIARIES

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Martha Ellett
Phone: 202 622-2983
Fax: 202 622-1974
Email: [email protected]

RIN: 1505-AA81
_______________________________________________________________________




2424. SECRETARY'S DETERMINATION OF REAL ESTATE BROKERAGE

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1501.2

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/03/01                      66 FR 307
NPRM Comment Period End         03/02/01
NPRM Comment Period Extended    05/01/01                    66 FR 12440


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Martha Ellett
Phone: 202 622-2983
Fax: 202 622-1974
Email: [email protected]

RIN: 1505-AA84
_______________________________________________________________________




2425. 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 Effective    03/01/87
Interim Final Rule              03/30/87                    52 FR 10198
Interim Final Rule Comment 
Period End                      05/29/87
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson
Phone: 317 614-4511

RIN: 1505-AB11

[[Page 73698]]

_______________________________________________________________________




2426. 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
Interim Final Rule Effective    01/08/92
Interim Final Rule Comment 
Period End                      03/09/92
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Thompson
Phone: 317 614-4511

RIN: 1505-AB12
_______________________________________________________________________




2427. RECONCILIATION

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 142; 19 CFR 159

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John Leonard
Phone: 202 344-2687

RIN: 1505-AB16
_______________________________________________________________________




2428. NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)--IMPLEMENTATION OF 
DUTY-DEFERRAL PROGRAM PROVISIONS

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 181; 19 CFR 113; 19 CFR 141; 19 CFR 144; 19 CFR 10

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Effective    01/01/96
Interim Final Rule              01/30/96                     61 FR 2908
Interim Final Rule Comment 
Period End                      04/01/96
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Shawn Filion
Phone: 716 551-3053

RIN: 1505-AB17
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Departmental Offices (DO)



_______________________________________________________________________




2429. SINGLE ENTRY FOR UNASSEMBLED OR DISASSEMBLED ENTITIES IMPORTED ON 
MULTIPLE CONVEYANCES

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 141; 19 CFR 142

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/02/06                    71 FR 31921
Final Action Effective          07/03/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Timothy Sushil
Phone: 202 344-2567

Emily Simon
Phone: 202 572-8867

RIN: 1505-AB34
_______________________________________________________________________




2430. IMPLEMENTATION OF THE ANDEAN TRADE PROMOTION AND DRUG ERADICATION 
ACT

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 10; 19 CFR 163

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/07/06                    71 FR 44564

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia Reese
Phone: 202 572-8790

Robert Abels
Phone: 202 344-1959

RIN: 1505-AB37
_______________________________________________________________________




2431. TERRORISM RISK INSURANCE PROGRAM; TRIA EXTENSION ACT 
IMPLEMENTATION

Priority: Other Significant

CFR Citation: 31 CFR 50

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/11/06                    71 FR 27564

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David J. Brummond
Phone: 202 622-7255
Email: [email protected]

Howard Leikin
Phone: 202 622-6770
Email: [email protected]

Related RIN: Related to 1505-AB67
RIN: 1505-AB66
_______________________________________________________________________




2432. TERRORISM RISK INSURANCE PROGRAM; TRIA EXTENSION ACT 
IMPLEMENTATION

Priority: Other Significant

CFR Citation: 31 CFR Part 50

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/11/06                    71 FR 27573
Final Action                    08/25/06                    71 FR 50341
Final Action Effective          09/25/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Howard Leikin
Phone: 202 622-6770
Email: [email protected]

Related RIN: Related to 1505-AB66
RIN: 1505-AB67

[[Page 73699]]

_______________________________________________________________________




2433. [bull] GOVERNMENT SECURITIES ACT REGULATIONS: APPLICABILITY TO 
OVER-THE-COUNTER DERIVATIVES DEALERS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 78o-5; 15 USC 78o-5(b)(1)(A),(b)(4); sec 101, 
PL 99-571, 100 Stat 3209; sec 4(b), PL 101-432, 104 Stat 963; sec 102, 
sec 106, PL 103-202, 107 Stat 2344 (15 USC 78o-5(a)(5), (b)(1)(A), 
(b)(4); 15 USC 78o-5 (b)(1)(B), (b)(1)(C), (b)(2), (b)(4)

CFR Citation: 17 CFR 400; 17 CFR 402; 17 CFR 403; 17 CFR 404; 17 CFR 
405

Legal Deadline: None

Abstract: The amendment adds language to state explicitly that Treasury 
deems over-the-counter (OTC) derivatives dealers that are also 
government securities dealers to be in compliance with the GSA 
regulations if they comply with the applicable Securities and Exchange 
Commission (SEC) OTC derivatives dealer rules, and other SEC rules, 
applicable to them.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/15/06                    71 FR 54409
Final Action Effective          09/15/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lori Santamorena, Executive Director, Department of the 
Treasury, Government Securities Regulations Staff, 799 9th Street NW., 
Washington, DC 20239
Phone: 202 504-3632
Email: [email protected]

Chuck Andreatta, Associate Director, Department of the Treasury, 
Washington, DC 20239
Phone: 202 504-3632
Email: [email protected]

RIN: 1505-AB70
_______________________________________________________________________




2434. [bull] IMPORT RESTRICTIONS ON BYZANTINE ECCLESIASTICAL AND RITUAL 
ETHNOLOGICAL MATERIAL FROM CYPRUS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202 (General Note 3(i), 
Harmonized Tariff Schedule of the United States (HTSUS)) ; 19 USC 1624; 
19 USC 2602; 19 USC 2603(c)(3), (c)(4); 19 USC 2612; . . .

CFR Citation: 19 CFR 12.104g(a); 19 CFR 12.104g(b)

Legal Deadline: Final, Statutory, September 4, 2006, 19 USC 2603(c)(3).
Final, Statutory, July 19, 2007, 19 USC 2602(b).
The maximum period an emergency protection can be in place is 8 years 
and that end point is September 4, 2006. As such, in order to continue 
an import restriction beyond September 4, 2006, the Government of the 
Republic of Cyprus and the Government of the United States have amended 
the existing bilateral agreement on archaeological material to include 
the Byzantine material for the duration of the bilateral agreement 
which terminates on July 19, 2007 unless extended by the State Parties.

Abstract: This document amends the Bureau of Customs and Border 
Protection (CBP) regulations by reflecting that the bilateral agreement 
of July 16, 2002 between Cyprus and the U.S. to impose certain import 
restrictions on archaeological material from Cyprus has been amended on 
August 11, 2006 to include import restrictions which had been 
previously imposed on an emergency basis for certain Byzantine period 
ecclesiastical and ritual ethnological material. The document amends 19 
CFR 12.104g(b) of the CBP regulations by removing Byzantine 
Ecclesiastical and Ritual Ethnological Material from Cyprus from the 
list of import restrictions imposed by emergency action, and by 
including these materials under the listing of cultural property 
(section 12.104g(a)) protected pursuant to bilateral agreement, as 
amended. The document also contains the designated list of Byzantine 
ecclesiastical and ritual ethnological materials from Cyprus that 
describes the types of articles to which the restrictions apply.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/31/06                    71 FR 51724

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: George F. McCray, Chief, IPR & Restricted Merchandise 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8709

Michael Craig, Chief, Other Government Agency Branch, Department of the 
Treasury, Trade Compliance and Facilitation, Office of Field 
Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1684

RIN: 1505-AB72
BILLING CODE 4810--02--S
_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2435. CUSTOMER IDENTIFICATION PROGRAMS FOR PAWN BROKERS

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will require pawnbrokers to adopt and 
implement reasonable procedures to verify the identity of any person 
seeking to open an account, to the extent reasonable and practicable; 
maintain records of the information used to verify the person's 
identity; and determine whether the person appears on any lists of 
known or suspected terrorists or terrorist organizations provided to 
them by any Government agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Russell Stephenson, Snr. Compliance Admin. Spec., 
Department of the Treasury, Financial

[[Page 73700]]

Crimes Enforcement Network, Dept. of the Treasury/FinCEN, 1099 14th 
Street, NW., Suite 4600E, Washington, DC 20005
Phone: 202 354-6012
Fax: 202 354-6411
Email: [email protected]

RIN: 1506-AA39
_______________________________________________________________________




2436. PROVISION OF BANKING SERVICES TO MONEY SERVICES BUSINESSES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 31 USC P L 107-56 Bank Secrecy Act

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: We are issuing this advance notice of proposed rulemaking 
(``Advance Notice'') as a part of our ongoing effort to address, in the 
context of the Bank Secrecy Act, the issue of access to banking 
services by money services businesses. Both the banking industry and 
the money service business industry have expressed concerns with regard 
to the impact of Bank Secrecy Act regulations on the ability of money 
service businesses to open and maintain accounts and obtain other 
financial services at banks and other depository institutions. Due to 
the concerns about the effect of regulatory requirements on the 
provision of banking services to money services businesses, we, through 
the Non-Bank Financial Institutions and the Examinations subcommittees 
of the Bank Secrecy Act Advisory Group, held a fact-finding meeting on 
March 8, 2005, to hear directly from banks, other depository 
institutions, and money services businesses concerning the challenges 
that they face on this issue.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Office of Regulatory Policy & Programs, Office of 
Regulatory Policy, Department of the Treasury, Financial Crimes 
Enforcement Network, 1099 14th Street, Suite 4600, Washington, DC 20005
Phone: 202 654-6400

RIN: 1506-AA85
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2437. CUSTOMER IDENTIFICATION PROGRAMS FOR TRAVEL AGENTS

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will require travel agents to adopt and 
implement reasonable procedures to verify the identity of any person 
seeking to open an account, to the extent reasonable and practicable; 
maintain records of the information used to verify the person's 
identity; and determine whether the person appears on any lists of 
known or suspected terrorists or terrorist organizations provided to 
them by any Government agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           02/24/03                     68 FR 8571
ANPRM Comment Period End        04/10/03
NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Office of Regulatory Policy & Programs, Office of 
Regulatory Policy, Department of the Treasury, Financial Crimes 
Enforcement Network, 1099 14th Street, Suite 4600, Washington, DC 20005
Phone: 202 654-6400

RIN: 1506-AA38
_______________________________________________________________________




2438. CUSTOMER IDENTIFICATION PROGRAMS FOR LOAN AND FINANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will require loan and finance companies to 
adopt and implement reasonable procedures to verify the identity of any 
person seeking to open an account, to the extent reasonable and 
practicable; maintain records of the information used to verify the 
person's identity; and determine whether the person appears on any 
lists of known or suspected terrorists or terrorist organizations 
provided to them by any Government agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Russell Stephenson, Snr. Compliance Admin. Spec., 
Department of the Treasury, Financial Crimes Enforcement Network, Dept. 
of the Treasury/FinCEN, 1099 14th Street, NW., Suite 4600E, Washington, 
DC 20005
Phone: 202 354-6012
Fax: 202 354-6411
Email: [email protected]

RIN: 1506-AA40
_______________________________________________________________________




2439. CUSTOMER IDENTIFICATION PROGRAMS FOR SELLERS OF VEHICLES

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 326

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will require sellers of vehicles to adopt and 
implement reasonable procedures to verify the identity of any person 
seeking to open an account, to the extent reasonable and practicable; 
maintain records of the information used to verify the person's 
identity; and determine whether the person appears on any lists of 
known or suspected

[[Page 73701]]

terrorists or terrorist organizations provided to them by any 
Government agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           02/24/03                     68 FR 8568
ANPRM Comment Period End        04/10/03
NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Russell Stephenson, Snr. Compliance Admin. Spec., 
Department of the Treasury, Financial Crimes Enforcement Network, Dept. 
of the Treasury/FinCEN, 1099 14th Street, NW., Suite 4600E, Washington, 
DC 20005
Phone: 202 354-6012
Fax: 202 354-6411
Email: [email protected]

RIN: 1506-AA41
_______________________________________________________________________




2440. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR LOAN AND FINANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for loan and finance companies, 
as defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Office of 
Regulatory Policy, Department of the Treasury, Financial Crimes 
Enforcement Network, 1099 14th Street, Suite 4600, Washington, DC 20005
Phone: 202 654-6400

Related RIN: Split from 1506-AA28
RIN: 1506-AA73
_______________________________________________________________________




2441. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR BUSINESSES ENGAGED IN VEHICLE SALES, INCLUDING 
AUTOMOBILE, AIRPLANE, AND BOAT SALES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for businesses engaged in vehicle 
sales, including automobile, airplane, and boat sales, as defined in 
the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           02/24/03                     68 FR 8568
ANPRM Comment Period End        04/10/03
NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office Of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

Related RIN: Split from 1506-AA28
RIN: 1506-AA80
_______________________________________________________________________




2442. AMENDMENTS TO BANK SECRECY ACT REGULATIONS--CASINO RECORDKEEPING 
AND REPORTING REQUIREMENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 31 USC PL107-56 Bank Secrecy Act

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: FinCEN is proposing to exclude, as reportable transactions in 
currency, jackpots from slot machines and video lottery terminals. We 
are also proposed to exclude certain transactions between (i) casinos 
and currency dealers or exchangers and (ii) casinos and check cashier's 
as reportable transactions in currency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Office of Regulatory Policy & Programs, Office of 
Regulatory Policy, Department of the Treasury, Financial Crimes 
Enforcement Network, 1099 14th Street, Suite 4600, Washington, DC 20005
Phone: 202 654-6400

RIN: 1506-AA84

[[Page 73702]]

_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2443. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING REPORTING 
OF CROSS-BORDER TRANSPORTATION OF CERTAIN MONETARY INSTRUMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5312(a)(3), Bank Secrecy Act

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This rule will require reporting of cross-border 
transportation of certain negotiable instruments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/97                     62 FR 3249
NPRM Comment Period End         04/22/97
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office Of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

RIN: 1506-AA15
_______________________________________________________________________




2444. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--EXEMPTIONS FROM THE 
REQUIREMENT TO REPORT TRANSACTIONS IN CURRENCY

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5330

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This document contains an interim final rule that further 
reforms and simplifies the process by which depository institutions may 
exempt transactions of retail and other businesses from the requirement 
to report transactions in currency in excess of $10,000. The interim 
final rule is part of a continuing program to reduce unnecessary 
burdens upon financial institutions complying with the Bank Secrecy Act 
and increase the cost-effectiveness of the counter-money laundering 
policies of the Department of the Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/28/00                    65 FR 46356
Interim Final Rule Effective    07/31/00
Interim Final Rule Comment 
Period End                      09/26/00
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Office Of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

RIN: 1506-AA23
_______________________________________________________________________




2445. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT 
NONFINANCIAL TRADES OR BUSINESSES REPORT CERTAIN CURRENCY TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 et seq; 
PL 107-56

CFR Citation: 31 CFR 103.30

Legal Deadline: Final, Statutory, April 26, 2002, Interim final rule 
published December 31, 2001.

Abstract: This document contains an interim final rule amending the 
Bank Secrecy Act regulations to require certain persons to report 
currency received in the course of their trade or business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/01                    66 FR 67685
Interim Final Rule              12/31/01                    66 FR 67680
NPRM Comment Period End         03/01/02
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office Of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

RIN: 1506-AA25
_______________________________________________________________________




2446. CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS ASSOCIATIONS, 
AND CREDIT UNIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318(l)

CFR Citation: 31 CFR 103.121

Legal Deadline: Final, Statutory, October 25, 2002, Public Law 107-56, 
sec 352.

Abstract: This notice of proposed rulemaking proposes to require banks, 
savings associations, and credit unions to establish written customer 
identification programs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/23/02                    67 FR 48290
NPRM Comment Period End         09/06/02
NPRM                            05/09/03                    68 FR 25163
Final Rule                      05/09/03                    68 FR 25090
NPRM Comment Period End         06/23/03
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Office of 
Regulatory Policy, Department of the Treasury, Financial Crimes 
Enforcement Network, 1099 14th Street, Suite 4600, Washington, DC 20005
Phone: 202 654-6400

RIN: 1506-AA31
_______________________________________________________________________




2447. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT 
MUTUAL FUNDS REPORT SUSPICIOUS TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 
5331; PL 107-56

CFR Citation: 31 CFR 103.15

Legal Deadline: None

Abstract: This document contains an amendment to the regulations 
implementing the statute generally known as the Bank Secrecy Act. The 
amendment would require mutual funds to report suspicious transactions

[[Page 73703]]

to the Department of the Treasury. The amendment constitutes a further 
step in the creation of a comprehensive system for the reporting of 
suspicious transactions by the major categories of financial 
institutions operating in the United States, as part of the counter-
money laundering program of the Department of the Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/03                     68 FR 2716
NPRM Comment Period End         03/24/03
Final Rule Effective            05/04/06                    71 FR 26213
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA37
_______________________________________________________________________




2448. IMPOSITION OF SPECIAL MEASURES AGAINST THE COUNTRY OF NAURU

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 311; 31 USC 5318A

CFR Citation: 31 CFR 103.184

Legal Deadline: None

Abstract: This rule will impose ``special measures'' against Nauru. 
Nauru was previously designated as a country of primary money 
laundering concern pursuant to section 311 of the USA PATRIOT Act on 
December 20, 2002, a prerequisite for the imposition of special 
measures.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/17/03                    68 FR 18914
NPRM Comment Period End         05/19/03
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Koko (Nettie) Ives, Department of the Treasury, 
Financial Crimes Enforcement Network, 1099 14th Street NW., Suite 4600, 
Washington, DC 20005
Phone: 202 354-6014
Email: [email protected]

RIN: 1506-AA43
_______________________________________________________________________




2449. FINANCIAL CRIMES ENFORCEMENT; AMENDMENTS TO THE BANK SECRECY ACT 
REGULATIONS--NOMENCLATURE CHANGES

Priority: Info./Admin./Other. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 31 USC 5318 et seq

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This document amends 31 CFR part 103 to reflect changes to 
the structure of the Department of the Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Office Of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

RIN: 1506-AA61
_______________________________________________________________________




2450. IMPOSITION OF SPECIAL MEASURES AGAINST THE COMMERCIAL BANK OF 
SYRIA AS A FINANCIAL INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103.188

Legal Deadline: None

Abstract: This document will prohibit certain U.S. financial 
institutions from maintaining correspondent or payable-through accounts 
in the United States for, or on behalf of, a foreign bank determined to 
be of primary money laundering concern.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/18/04                    69 FR 28098
NPRM Comment Period End         06/17/04
Final Action                    03/15/06                    71 FR 13260
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Koko (Nettie) Ives, Department of the Treasury, 
Financial Crimes Enforcement Network, 1099 14th Street NW., Suite 4600, 
Washington, DC 20005
Phone: 202 354-6014
Email: [email protected]

RIN: 1506-AA64
_______________________________________________________________________




2451. IMPOSITION OF SPECIAL MEASURE AGAINST FIRST MERCHANT BANK OSH LTD, 
INCL. ITS SUBSIDIARIES, FMB FINANCE LTD, FIRST MERCHANT INTERNATIONAL 
INC, FIRST MERCHANT FINANCE LTD, AND FIRST MERCHANT TRUST LTD

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103.189

Legal Deadline: None

Abstract: This document will prohibit certain U.S. financial 
institutions from maintaining correspondent or payable-through accounts 
in the United States for, or on behalf of, a foreign bank determined to 
be of primary money laundering concern.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/04                    69 FR 51979
NPRM Comment Period End         09/23/04
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
www.fincen.gov

URL For Public Comments:
[email protected]

Agency Contact: Office Of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590

[[Page 73704]]

Fax: 703 905-3758

RIN: 1506-AA65
_______________________________________________________________________




2452. IMPOSITION OF SPECIAL MEASURE AGAINST INFOBANK AS A FINANCIAL 
INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103.190

Legal Deadline: None

Abstract: This document will prohibit certain U.S. financial 
institutions from maintaining correspondent or payable-through accounts 
in the United States for, or on behalf of, a foreign financial 
institution determined to be of primary money laundering concern.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/04                    69 FR 51973
NPRM Comment Period End         09/23/04
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Koko (Nettie) Ives, Department of the Treasury, 
Financial Crimes Enforcement Network, 1099 14th Street NW., Suite 4600, 
Washington, DC 20005
Phone: 202 354-6014
Email: [email protected]

RIN: 1506-AA67
_______________________________________________________________________




2453. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR MUTUAL FUNDS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for mutual funds, as defined in 
the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/29/02                    67 FR 21117
Interim Final Rule Comment 
Period End                      05/29/02
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

Related RIN: Split from 1506-AA28
RIN: 1506-AA68
_______________________________________________________________________




2454. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR TRAVEL AGENCIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for travel agencies, as defined 
in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/24/03                     68 FR 8571
NPRM Comment Period End         04/10/03
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office Of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

Related RIN: Split from 1506-AA28
RIN: 1506-AA69
_______________________________________________________________________




2455. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR INVESTMENT ADVISORS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for investment advisors, as 
defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/03                    68 FR 23646
NPRM Comment Period End         07/07/03
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office Of Chief Counsel, Department of the Treasury, 
Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 22183
Phone: 703 905-3590
Fax: 703 905-3758

Related RIN: Split from 1506-AA28
RIN: 1506-AA71
_______________________________________________________________________




2456. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR FINANCIAL INSTITUTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for financial institutions, as 
defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/29/02                    67 FR 21110
Amendment to Interim Final Rule 11/06/02                    67 FR 67547

[[Page 73705]]

Interim Final Rule Correction   11/14/02                    67 FR 68935
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

Related RIN: Split from 1506-AA28
RIN: 1506-AA72
_______________________________________________________________________




2457. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR MONEY SERVICES BUSINESSES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for money services businesses, as 
defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/29/02                    67 FR 21114
Interim Final Rule Comment 
Period End                      05/29/02
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Office of 
Regulatory Policy, Department of the Treasury, Financial Crimes 
Enforcement Network, 1099 14th Street, Suite 4600, Washington, DC 20005
Phone: 202 654-6400

Related RIN: Split from 1506-AA28
RIN: 1506-AA74
_______________________________________________________________________




2458. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR COMMODITY TRADING ADVISORS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for commodity trading advisors, 
as defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/03                    68 FR 23640
NPRM Comment Period End         07/07/03
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Office of 
Regulatory Policy, Department of the Treasury, Financial Crimes 
Enforcement Network, 1099 14th Street, Suite 4600, Washington, DC 20005
Phone: 202 654-6400

Related RIN: Split from 1506-AA28
RIN: 1506-AA75
_______________________________________________________________________




2459. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR OPERATORS OF A CREDIT CARD SYSTEM

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for operators of a credit card 
system, as defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/29/02                    67 FR 21121
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Office of 
Regulatory Policy, Department of the Treasury, Financial Crimes 
Enforcement Network, 1099 14th Street, Suite 4600, Washington, DC 20005
Phone: 202 654-6400

Related RIN: Split from 1506-AA28
RIN: 1506-AA76
_______________________________________________________________________




2460. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR UNREGISTERED INVESTMENT COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for unregistered investment 
companies, as defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/26/02                    67 FR 60617
NPRM Comment Period End         11/25/02
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel, Department of the 
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 
22183
Phone: 703 905-3590
Fax: 703 905-3735

Related RIN: Split from 1506-AA28, Previously reported as 1506-AA57
RIN: 1506-AA77
_______________________________________________________________________




2461. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR DEALERS IN PRECIOUS METALS, STONES, OR JEWELS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

[[Page 73706]]

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for dealers in precious metals, 
stones, or jewels, as defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/21/03                     68 FR 8480
Interim Final Rule              06/09/05                    70 FR 33702
Interim Final Rule Comment 
Period End                      07/25/05
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Office of 
Regulatory Policy, Department of the Treasury, Financial Crimes 
Enforcement Network, 1099 14th Street, Suite 4600, Washington, DC 20005
Phone: 202 654-6400

Related RIN: Split from 1506-AA28
RIN: 1506-AA78
_______________________________________________________________________




2462. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR PERSONS INVOLVED IN REAL ESTATE CLOSINGS AND 
SETTLEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5316(h)

CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for persons involved in real 
estate closings and settlements, as defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/03                    68 FR 17569
NPRM Comment Period End         06/09/03
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of Regulatory Policy & Programs, Office of 
Regulatory Policy, Department of the Treasury, Financial Crimes 
Enforcement Network, 1099 14th Street, Suite 4600, Washington, DC 20005
Phone: 202 654-6400

Related RIN: Split from 1506-AA28
RIN: 1506-AA79
_______________________________________________________________________




2463. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS-IMPOSITION OF 
SPECIAL MEASURE AGAINST BANCO DELTA ASIA SARL

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 31 USC 5318A

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This document will prohibit certain U.S. financial 
institutions from maintaining correspondent or payable-through accounts 
in the United States for, or on behalf of, a foreign bank determined to 
be of primary money laundering concern.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/20/05                    70 FR 55217
Notice                          09/20/05                    70 FR 55214
NPRM Comment Period End         10/25/05
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments:
[email protected]">[email protected]

Agency Contact: Koko (Nettie) Ives, Department of the Treasury, 
Financial Crimes Enforcement Network, 1099 14th Street NW., Suite 4600, 
Washington, DC 20005
Phone: 202 354-6014
Email: [email protected]

RIN: 1506-AA83
_______________________________________________________________________




2464. [bull] THRESHOLD FOR THE REQUIREMENT TO COLLECT RETAIN AND 
TRANSMIT INFORMATION ON FUNDS TRANSFER AND TRANSMITTAL OF FUNDS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 1829(B)(3); 12 USC 1829(b)(2)

CFR Citation: 31 CFR 103; 12 CFR 219

Legal Deadline: None

Abstract: An advanced notice concerning the $3,000 threshold for wire 
transfers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           06/21/06                    71 FR 35564
ANPRM Comment Period End        08/21/06
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Koko (Nettie) Ives, Department of the Treasury, 
Financial Crimes Enforcement Network, 1099 14th Street NW., Suite 4600, 
Washington, DC 20005
Phone: 202 354-6014
Email: [email protected]

RIN: 1506-AA86

[[Page 73707]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Financial Crimes Enforcement Network (FINCEN)



_______________________________________________________________________




2465. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--SPECIAL REPORTING 
AND RECORDKEEPING REQUIREMENTS--MONEY SERVICES BUSINESSES (MSBS)

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 103

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/21/97                    62 FR 27909
NPRM Comment Period End         09/30/97
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Cynthia L. Clark
Phone: 703 905-3758
Fax: 703 905-3758
Email: [email protected]

RIN: 1506-AA19
BILLING CODE 4810--35--S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2466. CLAIMS ON ACCOUNT OF TREASURY CHECKS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 321; 31 USC 3328; 31 USC 3331; 31 USC 3343; 31 
USC 3702; 31 USC 3712

CFR Citation: 31 CFR 245

Legal Deadline: None

Abstract: Title 31 CFR part 245 governs the issuance of replacement 
checks for checks drawn on the United States Treasury 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; or 3) the original check has been cancelled pursuant to 31 
CFR part 240. This regulation is being revised to update the 
regulation's definitions to make them consistent with the language of 
the revisions to the definitions in 31 CFR part 240. Other revisions 
will govern the use of the Check Forgery Insurance Fund (Fund). The 
Fund is a revolving fund established to settle payee claims of 
nonreceipt where the original check has been fraudulently negotiated. 
The Fund ensures that innocent payees, whose Treasury checks have been 
fraudulently cashed, receive replacement checks in a timely manner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Ella White, Program Analyst, Department of the 
Treasury, Financial Management Service, 3700 East-West Highway, 
Hyattsville, MD 20782
Phone: 202 874-8445
Email: [email protected]

RIN: 1510-AA51
_______________________________________________________________________




2467. MANAGEMENT OF FEDERAL AGENCY DISBURSEMENTS AND AUTOMATED CLEARING 
HOUSE (ACH)

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 5525; 12 USC 90; 12 USC 265 to 266; 
12 USC 391; 12 USC 1767; 12 USC 1789(a); 31 USC 321; 31 USC 3122; 31 
USC 3301 to 3303; 31 USC 3321; 31 USC 3325; 31 USC 3327 to 3328; 31 USC 
3332; 31 USC 3335 to 3336; 31 USC 3720; 31 USC 6503

CFR Citation: 31 CFR 208; 31 CFR 210

Legal Deadline: None

Abstract: The Department of the Treasury, Financial Management Service 
(FMS), periodically reviews the private sector Automated Clearing House 
(ACH) operating rules established by NACHA - The Electronic Payments 
Association and adopts or declines each rule. FMS plans to publish a 
notice of proposed rulemaking to amend 31 CFR part 210 to adopt certain 
ACH rules, including a new ACH rule establishing a per transaction fee 
for the origination and receipt of ACH transactions. In addition to 
addressing ACH rule changes, the proposed rule will include an 
amendment to part 210 and part 208 to allow Federal agencies to issue 
part or all of an employee's travel reimbursement to the travel card 
issuing bank for crediting to the employee's travel card account 
(``split disbursement''). Currently, 31 CFR 208.6 and 210.5 require 
that Federal electronic payments other than vendor payments be directed 
to a deposit account at the financial institution ``in the name of'' 
the individual. Treasury waived this requirement for split disbursement 
in April 2005. The proposed rule will codify the terms of the waiver in 
part 210 and part 208. FMS anticipates publishing the proposed rule 
with a 60-day comment period.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/07
NPRM Comment Period End         03/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: William Brushwood, Financial Program Specialist, 
Settlement Services Division, Department of the Treasury, Financial 
Management Service, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-1251
Fax: 202 874-6965
Email: [email protected]

RIN: 1510-AB00
_______________________________________________________________________




2468. [bull] RULES AND PROCEDURES FOR EFFICIENT FEDERAL-STATE FUNDS 
TRANSFERS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 6503

CFR Citation: 31 CFR 205

Legal Deadline: None

Abstract: The Department of Treasury, Financial Management Service 
(FMS), plans to revise 31 CFR part 205 to clarify the circumstances 
under which federal interest liabilities accrue for certain Federal 
assistance programs. Additionally, changes to the procedures and 
timeframes for submitting Treasury/State Agreements to FMS are being 
contemplated.

[[Page 73708]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, State

Federalism:  Undetermined

Agency Contact: M. Fred Williams, CMIA Program Manager, Federal 
Finance, Department of the Treasury, Financial Management Service, 401 
14th Street SW., Washington, DC 20227
Phone: 202 874-6736
Fax: 202 874-6965
Email: [email protected]

RIN: 1510-AB12
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Financial Management Service (FMS)



_______________________________________________________________________




2469. FEDERAL CLAIMS COLLECTION STANDARD--COLLECTION BY INSTALLMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 3711; 31 USC 3717

CFR Citation: 31 CFR 901.9

Legal Deadline: None

Abstract: Section 901.9, paragraph (f) is being modified to state that 
when an administrative charge is being paid out of amounts collected 
from the debtor, a partial or installment payment on a debt should be 
applied to that charge first, then to penalties, other administrative 
charges, interest, and principal.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State, Tribal

Agency Contact: Thomas Dungan, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7349
Fax: 202 874-7494
Email: [email protected]

RIN: 1510-AA91
_______________________________________________________________________




2470. PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 90; 12 USC 265 to 266; 12 USC 321; 12 USC 323; 
12 USC 332; 12 USC 391; 12 USC 1452(d); 12 USC 1464(k); 12 USC 1767; 12 
USC 1789(a); 12 USC 2013; 12 USC 2122; 12 USC 3102; 12 USC 6302; 31 USC 
3301 to 3304

CFR Citation: 31 CFR 203

Legal Deadline: None

Abstract: This rule includes general revisions that will provide needed 
updates to support operational changes to the system used for the 
collection of corporate withholding taxes and the investment of the 
Government's excess operating funds, and incorporate other needed 
updates.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Thompson Sawyer, Director, Investment Management 
Division, Department of the Treasury, Financial Management Service, 401 
14th Street SW, Washington, DC 20227
Phone: 202 874-7150
Email: [email protected]

RIN: 1510-AB01
_______________________________________________________________________




2471. ADMINISTRATIVE OFFSET AND CLAIMS COLLECTION UNDER RECIPROCAL 
AGREEMENTS WITH STATES

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 3716

CFR Citation: 31 CFR 285.6

Legal Deadline: None

Abstract: This rule implements 31 U.S.C. 3716(h), which provides for 
the administrative offset of Federal payments to collect delinquent 
debts owed to States, provided the State has entered into a reciprocal 
agreement with the Secretary of the Treasury. This rule will not 
address past-due support debts, which are collected pursuant to 31 CFR 
285.1.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal, Local, State, Tribal

Agency Contact: Thomas Dungan, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7349
Fax: 202 874-7494
Email: [email protected]

RIN: 1510-AB09
_______________________________________________________________________




2472. [bull] DEPOSITARIES AND FINANCIAL AGENTS OF THE FEDERAL GOVERNMENT

Priority: Info./Admin./Other

Legal Authority: 12 USC 90; 12 USC 265 to 266; 12 USC 391; 12 USC 
1452(d); 12 USC 1464(k); 12 USC 1789(a); 12 USC 2013; 12 USC 2122; 12 
USC 3101 to 3102; 31 USC 3303; 31 USC 3336

CFR Citation: 31 CFR 202

Legal Deadline: None

Abstract: The Department of the Treasury, Financial Management Service, 
is considering amending 31 CFR part 202 for clarity and consolidation. 
Part 202 governs the designation of depositaries and financial agents 
of the United States, and their authorization to accept deposits and 
perform other services. The rule may be updated to reflect Treasury's 
authority to designate fiscal agents of the United States and to 
clarify definitions and obligations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/00/07

[[Page 73709]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mary Bailey, Team Leader, Department of the Treasury, 
Financial Management Service, 401 14th Street SW, Washington, DC 20227
Phone: 202 874-7055
Fax: 202 874-6575
Email: [email protected]

Related RIN: Related to 1510-AB11
RIN: 1510-AB10
_______________________________________________________________________




2473. [bull] PAYMENT OF FEDERAL TAXES AND THE TREASURY LOAN PROGRAM

Priority: Info./Admin./Other

Legal Authority: 31 USC 323

CFR Citation: 31 CFR 203

Legal Deadline: None

Abstract: The Department of the Treasury, Financial Management Service, 
is considering amending 31 CFR part 203 to address potential changes 
designed to simplify the Treasury Tax and Loan program. The changes may 
result in some sections being removed or placed in the Treasury 
Financial Manual.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Thompson Sawyer, Director, Investment Management 
Division, Department of the Treasury, Financial Management Service, 401 
14th Street SW, Washington, DC 20227
Phone: 202 874-7150
Email: [email protected]

Related RIN: Related to 1510-AB10
RIN: 1510-AB11
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Financial Management Service (FMS)



_______________________________________________________________________




2474. OBTAINING PAYMENTS FROM THE JUDGMENT FUND AND UNDER PRIVATE RELIEF 
BILLS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 256

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Direct Final Rule               10/17/06                    71 FR 60848

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Vivian Cooper
Phone: 202 874-8380
Email: [email protected]

RIN: 1510-AA52
_______________________________________________________________________




2475. OFFSET OF FEDERAL PAYMENTS TO COLLECT PAST-DUE LEGALLY ENFORCEABLE 
NONTAX DEBT

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.5

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/16/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State, Tribal

Agency Contact: Thomas Dungan
Phone: 202 874-7349
Fax: 202 874-7494
Email: [email protected]

RIN: 1510-AB05
_______________________________________________________________________




2476. [bull] MANAGEMENT OF FEDERAL AGENCY DISBURSEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301 ; 12 USC 90; 12 USC 265 to 266; 12 USC 1767; 
12 USC 1789(a); 31 USC 321; 31 USC 3122; 31 USC 3301 to 3303; 31 USC 
3321; 31 USC 3325; 31 USC 3327 to 3328; 31 USC 3332; 31 USC 3335 to 
3336; 31 USC 6503; PL 104-208

CFR Citation: 31 CFR 208

Legal Deadline: None

Abstract: The Department of Treasury, Financial Management Service, is 
amending 31 CFR part 208 to facilitate the delivery of relief and 
assistance payments to victims of disasters or emergencies. Part 208 
implements the provisions of 31 U.S.C. 3332, which generally requires 
that Federal payments be made by electronic funds transfer (EFT). Under 
31 U.S.C. 3332, the Secretary of the Treasury must ensure that any 
individual required to receive a Federal payment by EFT has access to 
an account at a financial institution at a reasonable cost and with 
certain consumer protections. This amendment implements 31 U.S.C. 3332 
by providing that the Department of the Treasury may establish and 
administer accounts for disaster victims to allow for the delivery of 
Federal payments by EFT.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              08/07/06                    71 FR 44584
Interim Final Rule Comment 
Period End                      09/06/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Sally Phillips, Director, EFT Strategy Division, 
Department of the Treasury, Financial Management Service, 401 14th 
Street SW, Washington, DC 20227
Phone: 202 874-7106
Fax: 202 874-6965
Email: [email protected]

RIN: 1510-AB07
_______________________________________________________________________




2477. FEDERAL PROCESS AGENTS OF SURETY COMPANIES

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 224

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Direct Final Rule               10/17/06                    71 FR 60847

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Rose M. Miller

[[Page 73710]]

Phone: 202 874-6850
Fax: 202 874-9978
Email: [email protected]

RIN: 1510-AB08
BILLING CODE 4810--31--S
_______________________________________________________________________


Department of the Treasury (TREAS)                        Prerule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2478. PROPOSED REVISIONS TO THE BEER REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5021 to 5056; 26 USC 5061 to 5064; 26 USC 5091 
to 5093; 26 USC 5111 to 5114; 26 USC 5121 to 5123; 26 USC 5401 to 5403; 
26 USC 5411 to 5418; . . .

CFR Citation: 27 CFR 25

Legal Deadline: None

Abstract: The Alcohol and Tobacco Tax and Trade Bureau proposes to 
revise brewery regulations to reduce the regulatory burden and 
streamline regulatory requirements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Ramona Hupp, Specialist, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street 
NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

Related RIN: Related to 1513-AA12
RIN: 1513-AB05
_______________________________________________________________________




2479. USE OF VARIOUS WINEMAKING TERMS ON WINE LABELS AND IN 
ADVERTISEMENTS; REQUEST FOR PUBLIC COMMENT

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: The Alcohol and Tobacco Tax and Trade Bureau is considering 
amending the regulations concerning various winemaking terms commonly 
used on labels and in advertisements of wine products to provide the 
consumer with information about the growing and/or bottling conditions 
of the product. We wish to gather information by inviting comments from 
industry members, consumers, and other interested parties as to whether 
and to what extent the existing regulations should be revised.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of 
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, 
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: [email protected]

RIN: 1513-AB24
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2480. PROHIBITION OF ALCOHOL BEVERAGE CONTAINERS AND STANDARD OF FILL 
FOR DISTILLED SPIRITS AND WINE

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4 to 5; 27 CFR 7

Legal Deadline: None

Abstract: TTB proposes to amend regulations to clarify the standards of 
fill for distilled spirits and wine. TTB also proposes to amend 
regulations to prohibit certain alcohol beverage containers that are 
likely to mislead consumers as to the identity or character of the 
distilled spirits, wine, or malt beverage products or to be confused 
with other (nonalcohol) food products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/09/99                     64 FR 6486
NPRM Comment Period End         04/12/99
Revised NPRM-Aggregate Packaging04/00/07
Revised NPRM-Deceptive Packaging04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AB89

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of 
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, 
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: [email protected]

RIN: 1513-AA07
_______________________________________________________________________




2481. DENATURED SPIRITS, ARTICLES, AND NONBEVERAGE PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

[[Page 73711]]

CFR Citation: 27 CFR 19 to 20; 27 CFR 27 to 28

Legal Deadline: None

Abstract: Modernizes and clarifies regulations relating to the 
following activities: 1) Manufacture of articles made with specially 
denatured alcohol (SDA); 2) exportation of SDA and articles made with 
SDA; and 3) importation of denatured spirits, fuel alcohol, articles 
made with SDA, and nonbeverage alcoholic products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Steven C. Simon, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-9210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB03
_______________________________________________________________________




2482. LABELING AND ADVERTISING OF WINES, DISTILLED SPIRITS, AND MALT 
BEVERAGES

Priority: Other Significant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7

Legal Deadline: None

Abstract: TTB requests public comment on possible changes to the 
labeling and advertising requirements of alcohol beverage products 
regulated by TTB. TTB has long required certain labeling, such as brand 
name, class and type, alcohol content (in the case of wines containing 
more than 14 percent alcohol by volume and distilled spirits), net 
contents, and in recent years has published updated standards for the 
use of carbohydrate and calorie claims. Because of petitions to mandate 
additional information, including ingredient, allergen, alcohol, 
calorie, and carbohydrate content and requests by some to use labels 
with at least some of that additional information on a voluntary basis 
under existing rules, TTB believes it is now appropriate to consider 
revising the alcohol beverage labeling and advertising regulations, and 
seeks public comment on several issues to assist TTB in formulating 
specific regulatory proposals.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           04/29/05                    70 FR 22274
ANPRM Comment Period Extended   06/23/05                    70 FR 36359
ANPRM Comment Period End        09/26/05
NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of 
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, 
Morganza, MD 10660
Phone: 301 290-1460
Fax: 301 290-1463
Email: [email protected]

RIN: 1513-AB07
_______________________________________________________________________




2483. ALTERNATING BREWERY PROPRIETORS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5051; 26 USC 5401

CFR Citation: 27 CFR 25

Legal Deadline: None

Abstract: TTB is establishing guidelines for the establishment of 
alternating proprietors at brewery premises. These guidelines will 
provide standards for the establishment of an alternating 
proprietorship at a brewery premises, and will provide guidelines for 
the operations of these premises by separate established brewers. They 
will give guidance on operations, taxpayment, recordkeeping, reporting, 
and segregation of products made by separate brewers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 
200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB09
_______________________________________________________________________




2484. USE OF THE WORD ``PURE'' OR ITS VARIANTS IN THE LABELING AND 
ADVERTISING OF ALCOHOL BEVERAGES

Priority: Other Significant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4 to 5; 27 CFR 7

Legal Deadline: None

Abstract: TTB is considering amending the regulations concerning the 
use of the word ``pure'' or its variants in the labeling and 
advertising of alcohol beverages. We wish to gather information by 
inviting comments from the public and industry as to whether the 
existing regulations should be revised.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/07/05                    70 FR 72731
ANPRM Comment Period End        02/06/06
ANPRM Comment Period Extended   02/16/06                     71 FR 8228
ANPRM Comment Period End        03/20/06
NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of 
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, 
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: [email protected]

RIN: 1513-AB16
_______________________________________________________________________




2485. LEHIGH VALLEY

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lehigh Valley Wine Trail Appellation Committee proposed 
the establishment of the Lehigh Valley viticultural area, which 
includes 1,888

[[Page 73712]]

square miles and 220 vineyard acres, north of Philadelphia, in Lehigh, 
Northampton, Berks, Schuylkill, Carbon, and Monroe counties in 
Pennsylvania. Distinguishing features include climate, soil, and 
terrain.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB19
_______________________________________________________________________




2486. SWAN CREEK

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Raffaldini Vineyards submitted a petition to establish the 
96,000-acre Swan Creek viticultural area on behalf of the Vineyards of 
Swan Creek trade association, a group of vineyards and wineries in 
northwest North Carolina. At the time of the petition, the proposed 
boundaries of the agricultural and rural area include three wineries 
and 75 acres of vineyards. Portions of Wilkes, Yadkin, and Iredell 
counties are in the proposed boundaries, as is approximately 60 percent 
of the established Yadkin Valley viticultural area (27 CFR 9.174).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB20
_______________________________________________________________________




2487. SAN FRANCISCO BAY EXPANSION

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Hestan Vineyards proposes to expand the San Francisco Bay 
viticultural area northward into Solano County, California. This 
56,280-acre expansion will include two acres of vineyards and portions 
of the Carquinez Strait in the City of Vallejo. The distinguishing 
features include climate, soil, and terrain.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB21
_______________________________________________________________________




2488. PROPOSED ESTABLISHMENT OF THE TULOCAY VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The petitioner proposes to establish the 11,200-acre Tulocay 
viticultural area. The Tulocay region is totally within the established 
Napa Valley viticultural area and the larger, multi-county North Coast 
viticultural area in California. The distinguishing features of the 
proposed viticultural area include a unique microclimate and geography.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB26
_______________________________________________________________________




2489. PROPOSED ESTABLISHMENT OF THE PASO ROBLES WESTSIDE VITICULTURAL 
AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 179,622-acre Paso Robles Westside viticultural 
area is located in California about 30 miles inland from the Pacific 
Ocean and 180 miles south of San Francisco. The proposed viticultural 
area is totally within San Luis Obispo County, the Paso Robles 
viticultural area, and the multi-county Central Coast viticultural 
area. The establishment of the proposed Paso Robles Westside 
viticultural area would not affect the existing, larger Paso Robles 
viticultural area. Distinguishing features of the proposed Paso Robles 
Westside viticultural area include climate, soils, and topography.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB27

[[Page 73713]]

_______________________________________________________________________




2490. [bull] PROPOSED EXPANSION OF THE SANTA MARIA VALLEY VITICULTURAL 
AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Santa Maria Valley viticultural area (27 CFR 9.28) lies 
within the larger Central Coast viticultural area of California. The 
proposed expansion to the Santa Maria Valley viticultural area boundary 
line extends to the south and west of the current boundaries, within 
Santa Barbara County, California. Distinguishing features include 
terrain, climate, soils, and the Santa Maria River watershed. The 
proposed expansion area includes vineyards and wineries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB31
_______________________________________________________________________




2491. [bull] PROPOSED AMENDMENT TO THE STANDARDS OF IDENTITY FOR 
DISTILLED SPIRITS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 5.22

Legal Deadline: None

Abstract: TTB has received a petition to Cacha[ccedil]a as a 
distinctive product of Brazil. TTB proposes to amend the regulations 
governing standards of identity for distilled spirits accordingly.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Daniel J. Hiland, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB33
_______________________________________________________________________




2492. [bull] MODIFICATION OF MANDATORY LABEL INFORMATION FOR WINE

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4.32

Legal Deadline: None

Abstract: This proposed regulatory change would permit alcohol content 
information to appear on any label affixed to a wine container. Current 
regulations require alcohol content to appear on the brand label.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Maria E. Mahone, Writer-Editor, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-1620
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB36



_______________________________________________________________________



FIREARMS


                    ________________________________



2493. FIREARMS AND AMMUNITION EXCISE TAXES, CONSIGNMENT SALES OF 
IMPORTED ARTICLES

Priority: Other Significant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 4181 to 4182; 26 USC 4216 to 4219; 26 USC 4221 
to 4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020 to 6021; 26 
USC 6061; 26 USC 6071; 26 USC 6081; 26 USC 6091; 26 USC 6101 to 6104; 
26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26 USC 6301 to 
6303; 26 USC 6311; 26 USC 6402; 26 USC 6404; 26 USC 6416; 26 USC 7502; 
26 USC 7805

CFR Citation: 27 CFR 53.121

Legal Deadline: None

Abstract: TTB is amending the regulations relating to the payment of 
excise taxes on firearms and ammunition. The proposed amendment will 
clarify the tax liability of a domestic consignee who sells imported 
firearms or ammunition on behalf of a resident of a foreign country.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For Public Comments:
[email protected]

Agency Contact: Karl O. Joedicke, Project Coordinator, Department of 
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street 
NW., Suite 200E, Washington, DC 20220
Phone: 202 927-7460
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB12

[[Page 73714]]




_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2494. [bull] TAX CLASSIFICATION OF CIGARS AND CIGARETTES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 5142 to 5143; 26 USC 5146; 26 USC 5701; 26 USC 
5703 to 5705; 26 USC 5711 to 5713; 26 USC 5721 to 5723; 26 USC 5731; 26 
USC 5741; 26 USC 5751; 26 USC 5753 to 5754; 26 USC 5761 to 5763; 26 USC 
6061; 26 USC 6065; 26 USC 6109; 26 USC 6151; 26 USC 6301 to 6302; 26 
USC 6311; 26 USC 6313; 26 USC 6402; 26 USC 6404; 26 USC 6423; 26 USC 
6676; 26 USC 6806; 26 USC 7011; 26 USC 7212; 26 USC 7325; 26 USC 7342; 
26 USC 7502 to 7503; 26 USC 7606; 26 USC 7805; 31 USC 9301; 31 USC 9303 
to 9304; 31 USC 9306; 18 USC 2342; 26 USC 5708; 26 USC 7101; 26 USC 
7651 to 7652; 44 USC 3504(h)

CFR Citation: 27 CFR 40.11 to 40.13; 27 CFR 41.11 to 41-13; 27 CFR 
44.11 to 4-13; 27 CFR 45.11 to 45-13

Legal Deadline: None

Abstract: TTB is proposing changes to the regulations that govern the 
classification and labeling of cigars and cigarettes for Federal excise 
tax purposes under the Internal Revenue Code of 1986. The proposed 
regulatory changes address concerns that TTB has regarding the adequacy 
of the current regulatory standards for distinguishing between cigars 
and cigarettes. The document also summarizes and responds to three 
petitions received by TTB requesting rulemaking action regarding the 
classification of cigars and cigarettes, with particular reference to 
the distinction between little cigars and cigarettes. The proposals 
contained in this document clarify the application of existing 
statutory definitions and update and codify administrative policy to 
provide clearer and more objective product classification criteria.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda W. Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., 
Suite 200E, Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB34
_______________________________________________________________________




2495. EXPORTATION OF LIQUORS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 28

Legal Deadline: None

Abstract: TTB proposes the plain language revision of 27 CFR part 28 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
ANPRM                           08/09/96                    61 FR 41500
ANPRM Comment Period End        12/10/96
NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AA98

Agency Contact: Joanne Brady, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 45797, 
Philadelphia, PA 19149
Phone: 215 333-7050
Fax: 215 333-8871
Email: [email protected]

RIN: 1513-AA00
_______________________________________________________________________




2496. DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5701; 26 USC 5702

CFR Citation: 27 CFR 40; 27 CFR 275

Legal Deadline: None

Abstract: This notice incorporates most of the parts of Industry 
Circular 91-3, dated March 19, 1991, entitled ``Large Cigar Taxes On 
and After January, 1991'' that have not been placed in the regulations. 
This notice addresses questions about determining the amount of tax for 
large cigars based on their sale price and gives guidance on tax 
adjustments for large cigars provided at no cost in connection with a 
sale.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC22

Agency Contact: Amy R. Greenberg, Management Analyst, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA16
_______________________________________________________________________




2497. PROPOSED ADDITION OF NEW GRAPE VARIETY NAMES FOR AMERICAN WINES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: TTB has received petitions proposing to add several names to 
the list of grape variety names used to designate American wines.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC79

[[Page 73715]]

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, 
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: [email protected]

RIN: 1513-AA42
_______________________________________________________________________




2498. PETITION TO ESTABLISH ``SANTA MARIA BENCH'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition from Cambria Winery and Vineyard 
proposing to establish the ``Santa Maria Bench'' viticultural area in 
Santa Barbara County, California. The petitioned viticultural area has 
4,130 acres, with 1,754 acres planted to wine grapes, and is within the 
established Santa Maria and the Central Coast viticultural areas.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC93

Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 
200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA51
_______________________________________________________________________




2499. FORM TTB F 5100.51, FORMULA AND PROCESS FOR DOMESTIC AND IMPORTED 
ALCOHOL BEVERAGES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205; 26 USC 5222 to 5223; 26 USC 5232; 26 USC 
5386; 26 USC 5401; 26 USC 5555

CFR Citation: 27 CFR 5; 27 CFR 7; 27 CFR 19; 27 CFR 24 to 26

Legal Deadline: None

Abstract: This project replaces existing forms used for the submission 
of formulas for wine and distilled spirits with a single, new form, TTB 
F 5100.51, Formula and Process for Domestic and Imported Alcohol 
Beverages, to be used by all producers and importers of alcohol 
beverages. This new form also replaces the existing letterhead formulas 
used for submission of beer formulas. Use of this new form will allow 
all alcohol beverage producers to use the same form and submit the same 
information for the production and importation of any kind of alcohol 
beverage.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Amy R. Greenberg, Management Analyst, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

Susan Weil, Assistant Director, ALFD, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, 1510 G Street NW., Room 400W, 
Washington, DC 20220
Phone: 202 927-8122
Fax: 202 927-8487
Email: [email protected]

RIN: 1513-AB28
_______________________________________________________________________




2500. [bull] NONBEVERAGE PRODUCT FORMULAS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 17

Legal Deadline: None

Abstract: TTB is amending 27 CFR part 17 to allow manufacturers to 
self-certify that their products meet the legal requirements for 
nonbeverage drawback. A temporary rule will allow this new procedure as 
an optional alternative, and a concurrent notice of proposed rulemaking 
(NPRM) will propose making the new procedure mandatory. Thereafter, the 
changes proposed in the NPRM may be made permanent by a final rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/07
Interim Final Rule              01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Steven C. Simon, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-9210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB35
_______________________________________________________________________




2501. [bull] PROPOSED REVISION OF PART 9--AMERICAN VITICULTURAL AREAS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB is proposing to revise 27 CFR part 9. Through this 
revision, we will streamline, clarify, and modernize the requirements 
for submitting American viticultural area petitions to TTB. As part of 
this revision, we will propose moving to our Web site the lists of 
approved maps and boundary description sections for each approved 
American viticultural area published in the CFR.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rita D. Butler, Specialist, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street 
NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB39

[[Page 73716]]

_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2502. NEW CERTIFICATION REQUIREMENTS FOR IMPORTED WINE

Priority: Substantive, Nonsignificant

Legal Authority: PL 108-429, sec 202

CFR Citation: 27 CFR 4; 27 CFR 24; 27 CFR 27

Legal Deadline: None

Abstract: TTB is amending the wine regulations to implement new 
certification requirements for imported wine required by the 
Miscellaneous Trade and Technical Corrections Act of 2004.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/05                    70 FR 49516
Interim Final Rule              08/24/05                    70 FR 49479
Interim Final Rule Effective    08/24/05
Final Rule                      01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, 
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: [email protected]

RIN: 1513-AB00
_______________________________________________________________________




2503. PETITION TO ESTABLISH THE OUTER COASTAL PLAIN AMERICAN 
VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition proposing to establish the Outer 
Coastal Plain viticultural area in southeast New Jersey. The 2,255,400-
acre area includes all of Cape May, Atlantic Ocean, and Cumberland 
Counties and portions of Salem, Gloucester, Camden, Burlington, and 
Monmouth Counties. Currently, the area has 1,227 vineyard acres.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/03/06                    71 FR 37870
NPRM Comment Period End         09/01/06
Final Rule                      03/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, 
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: [email protected]

RIN: 1513-AB13
_______________________________________________________________________




2504. QUARTERLY EXCISE TAX FILING FOR SMALL ALCOHOL EXCISE TAXPAYERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5061 as amended by PL 109-59

CFR Citation: 27 CFR 19; 27 CFR 24; 27 CFR 25; 27 CFR 26; 27 CFR 70; . 
. .

Legal Deadline: NPRM, Statutory, January 1, 2006, Public Law 109-59.

Abstract: Implementation of the quarterly excise tax payment procedure 
for small alcohol excise taxpayers contained in section 11127 of Public 
Law 109-59, the Safe, Accountable, Flexible, Efficient Transportation 
Equity Act: A Legacy for Users, which amended section 5061 of the 
Internal Revenue Code of 1986.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Rule With NPRM        02/02/06                     71 FR 5598
Temporary Rule Effective Date   01/01/06
NPRM                            02/02/06                     71 FR 5629
NPRM Comment Period End         04/03/06
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB17
_______________________________________________________________________




2505. GREEN VALLEY OF RUSSIAN RIVER VALLEY

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Winegrowers and Vintners of Sonoma County's Green Valley 
group proposes to rename the ``Sonoma County Green Valley'' 
viticultural area (27 CFR 9.57) as the ``Green Valley of Russian River 
Valley'' viticultural area, with the size and boundaries remaining 
unchanged. The group explains the name change is warranted because the 
region is commonly referred to as ``Green Valley,'' without the Sonoma 
County modifier. They add that the Sonoma County Green Valley 
viticultural area is considered as a sub-appellation of the Russian 
River Valley viticultural area by virtue of location and similar 
climate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/02/06                    71 FR 25795
NPRM Comment Period End         07/03/06
Final Rule                      02/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB18
_______________________________________________________________________




2506. SNAKE RIVER VALLEY

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The wine grape growers of the Snake River Valley in Idaho, 
the Idaho Grape Growers and Wine

[[Page 73717]]

Producers Commission, and the Idaho Department of Commerce and Labor 
submitted a petition to establish the 8,263-square mile Snake River 
Valley viticultural area. The area includes portions of western Idaho 
and eastern Oregon. The proposed boundaries include 15 wineries, 46 
vineyards, and 1,107 acres of commercial vineyard production.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/17/06                    71 FR 40458
NPRM Comment Period End         09/15/06
Final Rule                      03/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB22
_______________________________________________________________________




2507. PROPOSED EXPANSION OF THE ALEXANDER VALLEY VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The petitioner proposes to expand the Alexander Valley 
viticultural area by 1,300 acres, in a region along Hiatt Road adjacent 
to the current diagonal northwestern boundary. The proposed expansion 
area, south-southwest of Cloverdale, resembles an east-facing triangle 
that joins the diagonal northwestern boundary line. The current 
diagonal boundary line divides a vineyard, leaving about 10 acres 
outside of the established Alexander Valley viticultural area. 
Expansion of the boundary line would correct this vineyard problem and 
allow for another vineyard to be included in the viticultural area.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/17/06                    71 FR 40465
NPRM Comment Period End         09/15/06
Final Rule                      03/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB23
_______________________________________________________________________




2508. [bull] TECHNICAL AMENDMENT TO REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Amend 27 CFR 9.32, Los Carneros viticultural area, to include 
the name.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB32



_______________________________________________________________________



FIREARMS


                    ________________________________



2509. FIREARMS EXCISE TAX; EXEMPTION FOR SMALL MANUFACTURERS, PRODUCERS, 
AND IMPORTERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 4181 to 4182; 26 USC 4216 to 4219; 26 USC 4221 
to 4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020 to 6021; 26 
USC 6071; 26 USC 6081; 26 USC 6091; 26 USC 6101 to 6104; 26 USC 6109; 
26 USC 6151; 26 USC 6155; 26 USC 6161; 26 USC 6301 to 6303; 26 USC 
6311; 26 USC 6402; 26 USC 6404; 26 USC 6416; 26 USC 7502; 26 USC 7805

CFR Citation: 27 CFR 53.62

Legal Deadline: None

Abstract: This final rule amends the regulations administered by the 
Alcohol and Tobacco Tax and Trade Bureau to reflect the small 
manufacturers excise tax exemption contained in section 5241 of the 
Safe, Accountable, Flexible, Efficient Transportation Equity Act: A 
Legacy for Users. Section 5241 of this Act amended section 4182 of the 
Internal Revenue Code of 1986 to exempt any pistol, revolver, or 
firearm from the tax imposed by section 4181 if it was manufactured, 
produced, or imported by a person who manufactures, produces, or 
imports less than an aggregate of 50 such articles during the calendar 
year.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karl O. Joedicke, Project Coordinator, Department of 
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street 
NW., Suite 200E, Washington, DC 20220
Phone: 202 927-7460
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB25

[[Page 73718]]




_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2510. [bull] IMPLEMENTATION OF PUBLIC LAW 105-33, SECTION 9302, RELATING 
TO TOBACCO PRODUCT MINIMUM MANUFACTURING REQUIREMENTS AND TRANSFER 
MARKING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5702 to 5703; 26 USC 5704(b); 26 USC 5712 to 
5713; 26 USC 5741; 26 USC 5754; 26 USC 5761(c)

CFR Citation: 27 CFR 40.61(b); 27 CFR 40.183; 27 CFR 40.213; 27 CFR 
40.233; 27 CFR 41.1; 27 CFR 41.11; 27 CFR 41.71; 27 CFR 44.11; 27 CFR 
44.61 to 44.61a; 27 CFR 44.62; 27 CFR 44.142 to 44.143; 27 CFR 44.147; 
27 CFR 44.152 to 44.154; 27 CFR 44.181; 27 CFR 44.198 to 44.208; 27 CFR 
44.210; 27 CFR 44.213; 27 CFR 44.256 to 44.267

Legal Deadline: None

Abstract: The Alcohol and Tobacco Tax and Trade Bureau (TTB) is 
adopting as a final rule, with some editorial changes, the temporary 
regulations implementing (1) Several provisions of the Balanced Budget 
Act of 1997 relating to minimum manufacturing requirements for tobacco 
product manufacturers to qualify for a permit and transfer of tobacco 
products, and (2) miscellaneous administrative changes that update 
references to TTB form numbers and recordkeeping requirements under the 
tobacco program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amy R. Greenberg, Management Analyst, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

Related RIN: Related to 1512-AB99
RIN: 1513-AB37
_______________________________________________________________________




2511. [bull] TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES SHIPPED 
FROM PUERTO RICO TO THE U.S.

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5703; 26 USC 57.11; 26 USC 5641

CFR Citation: 27 CFR 41.11; 27 CFR 41.29; 27 CFR 41.105 to 41.106; 27 
CFR 41.110 to 41.111; 27 CFR 41.114; 27 CFR 41.121

Legal Deadline: None

Abstract: The Alcohol and Tobacco Tax and Trade Bureau (TTB) is 
adopting as a final rule, with some editorial changes, the temporary 
regulations concerning TTB onsite supervision of, and TTB forms for, 
certain tobacco products and cigarette papers and tubes manufactured in 
Puerto Rico and shipped from Puerto Rico to the United States. The 
temporary regulations eliminated TTB supervision and related forms when 
taxes are determined. Companies in Puerto Rico who currently ship 
Puerto Rican tobacco products from Puerto Rico to the United States are 
required to use commercial records to document such shipments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Amy R. Greenberg, Management Analyst, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

Related RIN: Related to 1513-AA17, Related to 1512-AC24
RIN: 1513-AB38
_______________________________________________________________________




2512. IMPLEMENTATION OF WINE CREDIT PROVISIONS OF PUBLIC LAW 104-188

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 552(a); 26 USC 5041

CFR Citation: 27 CFR 24.278 to 24.279

Legal Deadline: None

Abstract: TTB is amending wine regulations to implement a change in the 
law that allows certain transferees in bond to deduct the tax credit 
for small wine producers. Changes to bond calculations are also 
included in this regulation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/02/97                    62 FR 29681
NPRM Comment Period End         08/01/97
Interim Final Rule              06/02/97                    62 FR 29663
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AB65

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA05
_______________________________________________________________________




2513. IMPLEMENTATION OF PUBLIC LAW 105-33, SECTION 9302, REQUIRING THE 
QUALIFICATION OF TOBACCO PRODUCT IMPORTERS AND MISCELLANEOUS TECHNICAL 
AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5712 to 5713

CFR Citation: 27 CFR 275

Legal Deadline: None

Abstract: These regulations will implement section 9302 provisions of 
Public Law 105-33, requiring permits for businesses engaged in 
importing tobacco products. Also, minor technical amendments have been 
included in this rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/99                    64 FR 71955
NPRM Comment Period End         02/22/00
Interim Final Rule              12/22/99                    64 FR 71947
Interim Final Rule Effective    01/01/00

[[Page 73719]]

Interim Final Rule Comment 
Period End                      05/03/00                    65 FR 17477
Final Rule                      01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC07

Agency Contact: Linda W. Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., 
Suite 200E, Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA10
_______________________________________________________________________




2514. PROPOSAL TO RECOGNIZE SYNONYMS FOR PETITE SIRAH AND ZINFANDEL 
GRAPE VARIETIES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

Legal Deadline: None

Abstract: TTB is proposing to amend the list of prime grape names for 
American wines to recognize the name ``Durif'' as a synonym for the 
Petite Sirah grape and to recognize the name ``Primitivo'' as a synonym 
for the Zinfandel grape. This is in response to the result of recent 
DNA research into the identity of these grape varieties.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/02                    67 FR 17312
NPRM Comment Period Extended    06/06/02                    67 FR 38915
NPRM Comment Period End         10/08/02
Final Rule                      01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC65

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, 
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: [email protected]

RIN: 1513-AA32
_______________________________________________________________________




2515. ORGANIC CLAIMS IN LABELING AND ADVERTISING OF ALCOHOL BEVERAGES

Priority: Info./Admin./Other

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7; 27 CFR 13

Legal Deadline: None

Abstract: TTB amended its alcohol beverage labeling rules to cross-
reference the U.S. Department of Agriculture's National Organic Program 
(NOP) rules. The mandatory compliance date for the NOP rules was 
October 21, 2002. TTB requested comments on the temporary rule in an 
associated notice of proposed rulemaking.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/08/02                    67 FR 62860
Temporary Rule                  10/08/02                    67 FR 62856
NPRM Comment Period Reopened    12/27/02                    67 FR 79011
NPRM Comment Period Reopened    05/09/03                    68 FR 24903
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC87

Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA46
_______________________________________________________________________




2516. PETITION TO ESTABLISH ``CHEHALEM MOUNTAINS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing the establishment of 
the ``Chehalem Mountains'' viticultural area located in Yamhill, 
Washington, and Clackamas Counties, Oregon. The draft final rule is in 
review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/07/03                    68 FR 57840
NPRM Comment Period End         12/08/03
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD02

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA57
_______________________________________________________________________




2517. LABELING AND ADVERTISING OF MALT BEVERAGES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 7

Legal Deadline: None

Abstract: This project revises malt beverage labeling and advertising 
regulations in plain language, and updates titles and definitions to 
reflect the status of TTB. This revision makes no substantive changes 
to 27 CFR part 7.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/02                    67 FR 43496
NPRM Comment Period End         08/26/02
NPRM Comment Period Extended    08/27/02                    67 FR 54388
Comment Period Extended End     09/25/02
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC10

URL For Public Comments:

[[Page 73720]]

www.ttb.gov/foia/nprm--comments/notice946--comments.htm

Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 
200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA60
_______________________________________________________________________




2518. PETITION TO ESTABLISH THE ``FORT ROSS SEAVIEW'' VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 27,500-acre Fort Ross-Seaview viticultural area 
is in the North Coast and Sonoma Coast viticultural areas. It is 
approximately 65 miles north-northwest from San Francisco, close to the 
Pacific coastline. TTB is considering an interim ruling to allow use of 
the AVA name within the originally petitioned boundaries, while opening 
for public comments an adjacent proposed area located immediately north 
of the original boundary line.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/12/05                    70 FR 25000
NPRM Comment Period End         06/08/05
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA64
_______________________________________________________________________




2519. PETITION TO ESTABLISH THE ``SHAWNEE HILLS'' VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB requests comments concerning the proposed establishment 
of the ``Shawnee Hills'' viticultural area in southern Illinois. The 
proposed Shawnee Hills viticultural area is approximately 80 miles long 
from the Ohio River on the east to the Mississippi River on the west, 
and approximately 20 miles wide from north to south. Approximately 160 
acres are planted with wine varietals.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/08/05                    70 FR 17940
NPRM Comment Period End         06/07/05
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rita D. Butler, Specialist, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street 
NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA70
_______________________________________________________________________




2520. PROPOSED ESTABLISHMENT OF TRACY HILLS VITICULTURAL AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Alcohol and Tobacco Tax and Trade Bureau proposes to 
establish the 39,200-acre Tracy Hills viticultural area in San Joaquin 
and Stanislaus Counties, California, approximately 55 miles east-
southeast of San Francisco. The sloping hillside topography includes 
streams and alluvial fans and plains. The distinguishing climatic 
features of the proposed area include limited rainfall and persistent 
winds, along with sparse fog, frost, and dew.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/07/05                    70 FR 72733
NPRM Comment Period End         02/06/06
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA89
_______________________________________________________________________




2521. PETITION TO ESTABLISH ``CALISTOGA'' AS AN AMERICAN VITICULTURAL 
AREA

Priority: Routine and Frequent

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: In response to a petition, the Alcohol and Tobacco Tax and 
Trade Bureau proposed to establish the Calistoga viticultural area in 
Calistoga, Napa Valley, California. We designate viticultural areas to 
allow bottlers to better describe the origin of wines and allow 
consumers to better identify the wines they may purchase. We invited 
comments on this proposed addition to our regulations, particularly 
from bottlers who use brand names similar to Calistoga.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/31/05                    70 FR 16451
NPRM Comment Period End         05/31/05
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of 
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, 
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: [email protected]

RIN: 1513-AA92

[[Page 73721]]

_______________________________________________________________________




2522. MATERIALS AUTHORIZED FOR THE TREATMENT OF WINE AND JUICE; 
PROCESSES AUTHORIZED FOR THE TREATMENT OF WINE, JUICE, AND DISTILLING 
MATERIAL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5381 to 5382; 26 USC 5385 to 5387

CFR Citation: 24 CFR 246; 24 CFR 248

Legal Deadline: None

Abstract: TTB is revising its lists of approved wine treating materials 
and processes to add several new materials and processes and revise 
existing limitations for a few others.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/19/04                    69 FR 67639
Interim Final Rule Comment 
Period End                      01/18/05
Final Rule                      01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, 
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: [email protected]

RIN: 1513-AA96
_______________________________________________________________________




2523. SUSPENSION OF SPECIAL (OCCUPATIONAL) TAX

Priority: Substantive, Nonsignificant

Legal Authority: PL 108-357, sec 246; 26 USC 5148

CFR Citation: 27 CFR 17; 27 CFR 19; 27 CFR 24 to 27; 27 CFR 194

Legal Deadline: Final, Statutory, July 1, 2005, Section 246 of the 
American Jobs Creation Act of 2004.

Abstract: Implements section 246 of the American Jobs Creation Act of 
2004 (Pub. L. 208-357), which provides that for the 3-year period from 
July 1, 2005 through June 30, 2008, the rate of special (occupational) 
tax on certain specified occupations shall be zero.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              10/31/05                    70 FR 62238
Interim Final Rule Effective    07/01/05
NPRM                            10/31/05                    70 FR 62258
NPRM Comment Period End         12/30/05
Final Rule                      06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Steven C. Simon, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB04
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________



ALCOHOL


                    ________________________________



2524. MAJOR FOOD ALLERGEN LABELING FOR WINES, DISTILLED SPIRITS, AND 
MALT BEVERAGES

Priority: Other Significant

CFR Citation: 27 CFR 4.32; 27 CFR 5.32; 27 CFR 7.22

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           04/29/05                    70 FR 22274
ANPRM Comment Period End        09/26/05
NPRM                            07/26/06                    71 FR 42329
Interim Final Rule              07/26/06                    71 FR 42260
Interim Final Rule Effective    07/26/06
NPRM Comment Period End         09/25/06
Final Rule                      01/00/08

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jessica M. Bungard
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

Related RIN: Related to 1513-AB07
RIN: 1513-AB08



_______________________________________________________________________



Administrative/Procedures


                    ________________________________



2525. AVAILABILITY OF INFORMATION

Priority: Info./Admin./Other

CFR Citation: 27 CFR 70

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jessica Bungard
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA98

[[Page 73722]]




_______________________________________________________________________



TOBACCO PRODUCTS


                    ________________________________



2526. REMOVAL OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES, 
WITHOUT PAYMENT OF TAX, FOR USE BY THE UNITED STATES IN LAW ENFORCEMENT 
ACTIVITIES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 45.31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/15/05                    70 FR 19888
Interim Final Rule Effective    04/15/05
Interim Final Rule Comment 
Period End                      06/15/05
Final Rule                      12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda W. Chapman
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA99
_______________________________________________________________________




2527. IMPLEMENTATION OF PUBLIC LAW 105-34, SECTION 1416, RELATING TO 
REFUND OF TAX FOR DOMESTIC WINE RETURNED TO BOND REGARDLESS OF 
MERCHANTABILITY (TAXPAYER RELIEF ACT OF 1997)

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 24.66; 27 CFR 24.295; 27 CFR 24.312

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule               To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA06
_______________________________________________________________________




2528. AMENDED STANDARD OF IDENTITY FOR SHERRY

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 4

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA08
_______________________________________________________________________




2529. PROPOSED REVISIONS TO THE DISTILLED SPIRITS PLANT REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 19

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Daniel J. Hiland
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA23
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Alcohol and Tobacco Tax and Trade Bureau (TTB)



_______________________________________________________________________




2530. PETITION TO ESTABLISH SAN ANTONIO VALLEY AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      06/08/06                    71 FR 33239
Final Rule Effective            07/10/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry
Phone: 540 344-9333
Fax: 540 344-5855
Email: [email protected]

RIN: 1513-AB02
_______________________________________________________________________




2531. PROPOSED CHANGE TO VINTAGE DATE REQUIREMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 4.27

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      05/02/06                    71 FR 25748
Final Rule Effective            06/01/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB11
_______________________________________________________________________




2532. PETITION TO ESTABLISH THE RATTLESNAKE HILLS AMERICAN VITICULTURAL 
AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      02/16/06                     71 FR 8206
Final Rule Effective            03/20/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB14

[[Page 73723]]

_______________________________________________________________________




2533. PETITION TO ESTABLISH THE SADDLE ROCK-MALIBU AMERICAN VITICULTURAL 
AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      07/17/06                    71 FR 40397
Final Rule Effective            08/16/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB15
_______________________________________________________________________




2534. USE OF THE WORDS SCOTCH ALE OR SCOTTISH ALE OR ITS VARIANTS ON 
LABELS OR IN ADVERTISING OF MALT BEVERAGE PRODUCTS; REQUEST FOR PUBLIC 
COMMENT

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 7.24

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       07/26/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ramona L. Hupp
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB30
_______________________________________________________________________




2535. ADMINISTRATIVE CHANGES TO ALCOHOL, TOBACCO, AND FIREARMS 
REGULATIONS DUE TO THE HOMELAND SECURITY ACT OF 2002

Priority: Info./Admin./Other

CFR Citation: 27 CFR 1; 27 CFR 4 to 6; 27 CFR 8; . . .

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      04/04/06                    71 FR 16918
Final Rule Effective            03/31/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser
Phone: 301 290-1460
Fax: 301 290-1463
Email: [email protected]

RIN: 1513-AA80
_______________________________________________________________________




2536. TAX-PAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT 
FOR BEVERAGE USE

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 17

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/09/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda W. Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA37
_______________________________________________________________________




2537. PETITION TO ESTABLISH ``EOLA-AMITY HILLS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      07/17/06                    71 FR 40400
Final Rule Effective            08/16/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jennifer Berry
Phone: 540 344-9333
Fax: 540 344-5855
Email: [email protected]

RIN: 1513-AA41
_______________________________________________________________________




2538. PETITION TO EXPAND THE LIVERMORE VALLEY VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      06/15/06                    71 FR 34527
Final Rule Effective            07/17/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA54
_______________________________________________________________________




2539. SAN FRANCISCO BAY AND CENTRAL COAST VITICULTURAL AREAS--BOUNDARY 
REALIGNMENT/EXPANSION

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      06/15/06                    71 FR 34522
Final Rule Effective            07/17/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA55
_______________________________________________________________________




2540. PROPOSED AMENDED BOUNDARIES FOR THE SANTA LUCIA HIGHLANDS AND THE 
ARROYO SECO VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9.139; 27 CFR 9.59

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      06/15/06                    71 FR 34525
Final Rule Effective            07/17/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA72

[[Page 73724]]

_______________________________________________________________________




2541. PROPOSED ESTABLISHMENT OF ALTA MESA VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      07/17/06                    71 FR 40404
Final Rule Effective            08/16/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA82
_______________________________________________________________________




2542. PROPOSED ESTABLISHMENT OF THE COSUMNES RIVER VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      07/17/06                    71 FR 40404
Final Rule Effective            08/16/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA83
_______________________________________________________________________




2543. PROPOSED ESTABLISHMENT OF SLOUGHHOUSE VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      07/17/06                    71 FR 40404
Final Rule Effective            08/16/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA84
_______________________________________________________________________




2544. PROPOSED ESTABLISHMENT OF MOKELUMNE RIVER VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      07/17/06                    71 FR 40404
Final Rule Effective            08/16/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA85
_______________________________________________________________________




2545. PROPOSED ESTABLISHMENT OF JAHANT VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      07/17/06                    71 FR 40404
Final Rule Effective            08/16/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA86
_______________________________________________________________________




2546. PROPOSED ESTABLISHMENT OF BORDEN RANCH VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      07/17/06                    71 FR 40404
Final Rule Effective            08/16/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA87
_______________________________________________________________________




2547. PROPOSED ESTABLISHMENT OF CLEMENTS HILLS VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      07/17/06                    71 FR 40404
Final Rule Effective            08/16/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA88
_______________________________________________________________________




2548. PROPOSED ESTABLISHMENT OF COVELO VITICULTURAL AREA

Priority: Routine and Frequent

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      02/16/06                     71 FR 8202
Final Rule Effective            03/20/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AA90
_______________________________________________________________________




2549. PROPOSED MODIFICATION OF VINTAGE DATE REQUIREMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 4.27

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/01/06

[[Page 73725]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210
Fax: 202 927-8525
Email: [email protected]

RIN: 1513-AB29
BILLING CODE 4810--33--S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2550. REGULATORY BURDEN REDUCTION AND TECHNICAL AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 504; 5 USC 552; 5 USC 554 to 557; 12 
USC 1 et seq; 12 USC 24; 12 USC 24a; 12 USC 71; 12 USC 71a; 12 USC 84; 
12 USC 92 to 92a; 12 USC 93 to 93a; 12 USC 161; 12 USC 164; 12 USC 
215a-2; 12 USC 215a-3; 12 USC 375a to 375b; 12 USC 481 to 482; 12 USC 
484; 12 USC 505; 12 USC 1442; 12 USC 1817 to 1818; 12 USC 1820 to 1821; 
12 USC 1831m; 12 USC 1831p-1; 12 USC 1831o; 12 USC 1833e; 12 USC 1867; 
12 USC 1951 et seq; 12 USC 1972; 12 USC 2601 et seq; 12 USC 2801 et 
seq; 12 USC 2901 et seq; 12 USC 3101 et seq; 12 USC 3102; 12 USC 3108; 
12 USC 3401 et seq; 12 USC 3909; 12 USC 4717; 15 USC 77uu; 15 USC 78; 
15 USC 78o-4; 15 USC 78o-5; 15 USC 78q; 15 USC 78q-1; 15 USC 78s; 15 
USC 78u-2; 15 USC 78u-3; 15 USC 78w; 18 USC 641; 18 USC 1905 and 1906; 
28 USC 2461 note; 29 USC 1204; 31 USC 330; 31 USC 5321; 31 USC 9701; 42 
USC 3601; 42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC 4106; 42 USC 
4128; 44 USC 3506; 44 USC 3510

CFR Citation: 12 CFR 1 to 5; 12 CFR 7; 12 CFR 9 to 11; 12 CFR 16; 12 
CFR 19; 12 CFR 21; 12 CFR 22 to 23; 12 CFR 26 to 28; 12 CFR 31 to 32; 
12 CFR 37; 12 CFR 40

Legal Deadline: None

Abstract: This rulemaking would revise the OCC's rules in order to 
reduce regulatory burden and make technical, clarifying, and conforming 
changes. The revisions would update part 1 to codify recent OCC 
precedents and clarify current requirements, make technical changes to 
parts 4 and 5 to reflect the OCC's recent organizational restructuring; 
simplify, clarify, and make conforming and technical corrections to the 
OCC's corporate application procedures and standards in part 5; conform 
parts 5, 23, 31 and 32 to the Federal Reserve Board's Regulation W; 
revise part 7 to clarify a national bank's authority to act as a 
guarantor or surety; to update and clarify national bank authority to 
engage in electronic activities; conform part 9 to regulations adopted 
by the Securities and Exchange Commission; streamline certain 
requirements under part 16; update and make technical corrections to 
part 37; and amend various parts of title 12 to remove OCC authority 
over District of Columbia-chartered banks pursuant to the 2004 District 
of Columbia Omnibus Authorization Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas, Special Counsel, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AC79
_______________________________________________________________________




2551. INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY 
NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 6801 et seq

CFR Citation: 12 CFR 40

Legal Deadline: None

Abstract: OCC, the Board of Governors of the Federal Reserve System, 
the Federal Deposit Insurance Corporation, the Office of Thrift 
Supervision (the Federal Banking Agencies), the National Credit Union 
Administration, the Federal Trade Commission, the Commodities Futures 
Trading Commission, and the Securities and Exchange Commission jointly 
are considering amending their rules that implement sections 502 and 
503 of the Gramm-Leach-Bliley Act to allow or require financial 
institutions to provide alternative types of privacy notices, such as a 
short form privacy notice, which would be easier for consumers to 
understand.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/30/03                    68 FR 75164
ANPRM Comment Period End        03/29/04
NPRM                            04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas, Special Counsel, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AC80
_______________________________________________________________________




2552. ACCURACY AND INTEGRITY OF INFORMATION FURNISHED TO A CONSUMER 
REPORTING AGENCY

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12 
USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC 
1681s; 15 USC 1681s-2; 15 USC 1681w; 15 USC 6801; 15 USC 6805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: OCC, along with the Board of Governors of the Federal Reserve 
System, the Federal Deposit Insurance Corporation, the Office of Thrift 
Supervision, the National Credit Union Administration, and the Federal 
Trade Commission, plans to issue a proposed

[[Page 73726]]

rulemaking that would implement section 312 of the FACT Act relating to 
the accuracy and integrity of the information furnished to a consumer 
reporting agency and the ability of consumers to dispute information 
directly with persons who furnish information to a consumer reporting 
agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           03/22/06                    71 FR 14419
ANPRM Comment Period End        05/22/06
NPRM                            02/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Patrick T. Tierney, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AC89
_______________________________________________________________________




2553. IMPLEMENTATION OF A REVISED BASEL CAPITAL ACCORD (BASEL II)

 Regulatory Plan: This entry is Seq. No. 95 in part II of this issue of 
the Federal Register.

RIN: 1557-AC91
_______________________________________________________________________




2554. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; 
CAPITAL MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS (BASEL IA)

 Regulatory Plan: This entry is Seq. No. 96 in part II of this issue of 
the Federal Register.

RIN: 1557-AC95
_______________________________________________________________________




2555. RISK-BASED CAPITAL STANDARDS: MARKET RISK

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 1 et seq; 12 USC 93a; 12 USC 161; 12 USC 1818; 
12 USC 3907; 12 USC 3909

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: As part of the ongoing effort to implement the Basel II 
capital framework, the OCC is proposing to amend the current market 
risk capital requirements for national banks. See the International 
Convergence of Capital Measurement and Capital Standards: A Revised 
Framework (June 2004) and the Application of Basel II to Trading 
Activities and the Treatment of Double Default (April 2005). This 
proposal is part of a joint Agency notice of proposed rulemaking with 
the other Federal Banking Agencies to make the current market risk 
capital requirements generally more risk sensitive for trading 
activities in banks and bank holding companies. Specifically, the 
Federal Banking Agencies propose to require banks to hold additional 
capital for the risk of default of trading positions beyond the 10-day 
horizon currently required by the current market risk capital 
requirement. A bank may develop its own approach or use an approach 
similar to that for credit risk of its non-trading positions to 
calculate the capital charge.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/06                    71 FR 55958
NPRM Comment Period End         01/23/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ron Shimabukuro, Special Counsel, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AC99
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Comptroller of the Currency (OCC)



_______________________________________________________________________




2556. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR 
FINANCIAL INSTITUTIONS AND CREDITORS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 15 USC 1681c; 15 USC 1681m

CFR Citation: 12 CFR 41

Legal Deadline: None

Abstract: OCC, the Board of Governors of the Federal Reserve System, 
the Federal Deposit Insurance Corporation, the Office of Thrift 
Supervision (the Federal Banking Agencies), the National Credit Union 
Administration, and the Federal Trade Commission are issuing a joint 
proposal to establish guidelines and regulations to implement section 
114 of the FACT Act of 2003. Section 114 requires the Federal Banking 
Agencies to jointly issue guidelines for financial institutions and 
creditors identifying patterns, practices, and specific forms of 
activity that indicate the possible existence of identity theft. In 
addition, the Federal Banking Agencies must issue regulations requiring 
each financial institution and creditor to establish reasonable 
policies and procedures to implement the guidelines. The regulations 
must contain a provision requiring a card issuer to notify the 
cardholder if the card issuer receives a notice of change of address 
for an existing account, and a short time later receives a request for 
an additional or replacement card.
Section 315 of the FACT Act requires the Agencies to issue a regulation 
describing reasonable polices and procedures for a user of consumer 
credit reports that receives a notice of discrepancy from a consumer 
reporting agency (CRA), informing the user of a substantial discrepancy 
between the address for the consumer that the user provided to request 
the consumer report and the addresses in the file of

[[Page 73727]]

the CRA. The policies and procedures must enable the user to form a 
reasonable belief that the user knows the identity of the consumer to 
whom the consumer report pertains. In addition, the regulation must 
require a user that establishes a continuing relationship with a 
consumer to furnish to the consumer reporting agency that provided the 
notice of discrepancy the correct address of the consumer as part of 
the information that the user regularly furnishes for the period in 
which the relationship is established.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/18/06                    71 FR 40786
NPRM Comment Period End         09/18/06
Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah Katz, Senior Counsel, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AC87
_______________________________________________________________________




2557. FAIR CREDIT REPORTING: AFFILIATE MARKETING REGULATIONS

Priority: Other Significant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12 
USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC 
1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805; PL 108-159

CFR Citation: 12 CFR 41

Legal Deadline: Other, Statutory, September 4, 2004, See section 214 of 
the FACT Act, PL 108-159.

Abstract: OCC plans to issue a rulemaking that would implement the 
affiliate-sharing provisions of section 214 of the Fair and Accurate 
Credit Transactions Act (FACT Act). The regulation would implement the 
consumer notice and opt-out provisions of the FACT Act regarding the 
sharing of consumer information among affiliates for marketing 
purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/15/04                    69 FR 42502
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patrick T. Tierney, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative and Regulatory 
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AC88
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2558. RECORDKEEPING REQUIREMENTS FOR BANK EXCEPTIONS FROM SECURITIES 
BROKER OR DEALER REGISTRATION

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stuart E. Feldstein
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AB93
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Comptroller of the Currency (OCC)



_______________________________________________________________________




2559. ASSESSMENT OF FEES

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 8

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/25/06                    71 FR 42017
Final Action Effective          08/24/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jean Campbell
Phone: 202 874-5090
Fax: 202 874-4889
Email: [email protected]

RIN: 1557-AC96
BILLING CODE 4830--01--S

[[Page 73728]]

_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2560. INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF 
REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 905; 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 IRS of a change in foreign tax liability for 
a taxable year for which they claimed the foreign tax credit. 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
Second NPRM                     12/00/06
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209020-86 (INTL-061-86)
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Ginny Y. Chung (202) 622-3850
Treasury attorney: John Harrington (202) 622-0589
CC: INTL

Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476
Email: [email protected]

RIN: 1545-AC09
_______________________________________________________________________




2561. 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                            05/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209006-89 (INTL-089-89)
Drafting attorney: Christopher Trump (202) 622-3840
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL

Agency Contact: Christopher L. Trump, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3840

RIN: 1545-AM97
_______________________________________________________________________




2562. 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: These regulations will improve the taxation of global 
trading.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/28/90                    55 FR 35152
NPRM                            03/06/98                    63 FR 11177
NPRM Comment Period End         06/04/98
Hearing                         07/14/98
Second NPRM                     12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208299-90 (INTL-70-90)
Drafting attorney: Gregory A. Spring (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Patricia Brown (202) 622-1781
CC:INTL

Agency Contact: Gregory A. Spring, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-AP01
_______________________________________________________________________




2563. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 414

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations define the term ``highly compensated 
employee'' under section 414(q) of the Code. Temporary and proposed 
regulations, under sections 414(q) and 414(s), were published February 
19, 1988 (53 FR 4965). Final regulations, under section 414(s), were 
published September 19, 1991 (56 FR 47659), under project EE-129-86. 
The regulations under 414(q) were split off from project EE-129-86. It 
is anticipated that proposed regulations under section 414(q) will be 
published in the future under project REG-209558-92 (EE-32-92).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/19/88                     53 FR 4999
NPRM Comment Period End         04/19/88
Partially Closed by TD 8548     06/27/94                    59 FR 32911
NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Federalism:  Undetermined

Additional Information: REG-209558-92

[[Page 73729]]

Drafting attorney: Christopher A. Crouch (202) 622-6090
Reviewing attorney: E. Preston Rutledge (202) 622-6090
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC: TEGE

Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
CC: TEGE: EB: QP1, Washington, DC 20224
Phone: 202 622-6090
Fax: 202 927-1851
Email: [email protected]

RIN: 1545-AQ74
_______________________________________________________________________




2564. INTEGRATED FINANCIAL TRANSACTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation addresses whether funding raised for a 
securities dealing and/or trading operation, and 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                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209604-93 (INTL-001-93)
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Patricia Brown (202) 622-1781
CC:INTL

Agency Contact: Theodore D. Setzer, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-AR20
_______________________________________________________________________




2565. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide attribution rules for foreign 
trusts with respect to foreign personal holding companies, foreign 
passive investment companies, and controlled foreign corporations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-252774-96
Drafting attorney: M. Grace Fleeman (202) 622-3880
Reviewing attorney: Elizabeth Karzon (202) 622-3880
CC:INTL

Agency Contact: M. Grace Fleeman, Senior Technical Reviewer, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3880

RIN: 1545-AU91
_______________________________________________________________________




2566. AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6159; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Section 6159 of the Internal Revenue Code allows the IRS to 
enter into agreements with taxpayers for the payment of tax liabilities 
in installments. The principal purpose of this project is to update the 
regulations under section 6159 to reflect various amendments to that 
section and related statutes. The proposed regulations govern the 
acceptance and rejection of installment agreements, the terms of those 
agreements and when they may be modified or terminated by the Service, 
and appeal procedures when the Service makes a rejection or termination 
decision.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/97                    62 FR 68241
Second NPRM                     01/21/98                     63 FR 3186
Third NPRM                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100841-97
Drafting attorney: G. William Beard (202) 622-3620
Reviewing attorney: Lawrence Schattner (202) 622-3620
CC:PA:CBS

Agency Contact: William Beard, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4173
Fax: 202 622-8882
Email: [email protected]

RIN: 1545-AU97
_______________________________________________________________________




2567. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 4261; 26 USC 4271; 26 USC 7805

CFR Citation: 26 CFR 49

Legal Deadline: None

Abstract: The proposed regulations provide guidance concerning the 
excise taxes imposed on the amounts paid for the transportation of 
persons and property by air.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106167-98

[[Page 73730]]

Drafting attorney: Taylor Cortright (202) 622-3130
Reviewing attorneys: Frank K. Boland (202) 622-3130 and Curt Wilson 
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

Agency Contact: Taylor Cortright, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3130

RIN: 1545-AW19
_______________________________________________________________________




2568. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to principles for determining if a 
taxpayer has constructively sold an appreciated financial position.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-102191-98
Drafting attorney: Kathleen Sleeth (202) 622-3920
Reviewing attorney: Elizabeth Handler (202) 622-3920
Treasury attorney: Michael Novey (202) 622-1339
CC:FI

Agency Contact: Kathleen Sleeth, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3920

RIN: 1545-AW97
_______________________________________________________________________




2569. RULES FOR SOURCING CERTAIN TRANSPORTATION INCOME, SPACE, OR OCEAN 
ACTIVITY INCOME, AND RELATED FOREIGN BASE COMPANY SHIPPING INCOME

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance for application of the 
source rules for transportation income under section 863(c).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-115557-98
Drafting attorney: Edward R. Barret (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL

Agency Contact: Edward R. Barret, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3880

RIN: 1545-AX02
_______________________________________________________________________




2570. GUIDANCE ON COST RECOVERY IN THE ENTERTAINMENT INDUSTRY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the application of the income 
forecast method under section 167(g) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/31/02                    67 FR 38025
Second NPRM                     12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103823-99
Drafting attorney: Bernard P. Harvey, III (202) 622-3110
Reviewing attorney: Charles B. Ramsey (202) 622-3110
Treasury attorney: Dennis Tingey (202) 622-1335
CC:PSI

Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

RIN: 1545-AX12
_______________________________________________________________________




2571. INSPECTION OF WRITTEN DETERMINATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation amends Treasury Regulation sections 301.6110-
1 through 301.6110-7 relating to written determinations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113129-98
Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570
Reviewing attorney: Donald Squires (202) 622-4570
Treasury attorney: Anita Soucy (202) 622-1766
CC:PA:DPL

Agency Contact: Deborah C. Lambert-Dean, Attorney-Advisor, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4570

RIN: 1545-AX40

[[Page 73731]]

_______________________________________________________________________




2572. AWARDING OF COSTS AND CERTAIN FEES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7430

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed amendments to the Treasury Regulations 
incorporate the 1997 and 1998 amendments to 26 U.S.C. 7430, relating to 
the awarding of attorney's fees in administrative and court 
proceedings. The amendments to 26 U.S.C. 7430 were enacted under the 
Taxpayer Relief Act of 1997 and the IRS Restructuring and Reform Act of 
1998.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111833-99
Drafting attorney: Tami C. Belouin (202) 622-3847
Reviewing attorneys: Susan T. Mosley (202) 622-7950 and Henry S. 
Schneiderman (202) 622-3400
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

Agency Contact: Tami C. Belouin, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3847

RIN: 1545-AX46
_______________________________________________________________________




2573. HIGHLY COMPENSATED EMPLOYEE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 414

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide the definition of highly 
compensated employee.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111277-99
Drafting attorney: Christopher A. Crouch (202) 622-6090
Reviewing attorney: E. Preston Rutledge (202) 622-6090
CC: TEGE

Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
CC: TEGE: EB: QP1, Washington, DC 20224
Phone: 202 622-6090
Fax: 202 927-1851
Email: [email protected]

RIN: 1545-AX48
_______________________________________________________________________




2574. TAXABLE YEARS OF CONTROLLED FOREIGN CORPORATIONS (CFCS) AND 
FOREIGN PERSONAL HOLDING COMPANIES (FPHCS)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 898

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide definitions and rules for 
determining the required year for certain CFCs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108523-00
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
CC:INTL

Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3840

RIN: 1545-AY30
_______________________________________________________________________




2575. DOLLAR-VALUE LIFO

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 472; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance under the dollar-value 
last-in, first-out (LIFO) inventory method for taxpayers that define 
LIFO items based on components of cost.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107580-00
Drafting attorney: Leo F. Nolan II (202) 622-4970
Reviewing attorney: Jeffery G. Mitchell (202) 622-4970
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA

Agency Contact: Leo F. Nolan II, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4970

RIN: 1545-AY39
_______________________________________________________________________




2576. SPECIAL RULES RELATING TO TRANSFERS OF INTANGIBLES TO FOREIGN 
CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the income tax consequences 
relating to the transfer of intangibles to foreign corporations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 73732]]

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-106877-00
Drafting attorney: David B. Bailey (202) 622-3860
Reviewing attorney: Thomas D. Beem (202) 622-3860
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

Agency Contact: David B. Bailey, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3860

RIN: 1545-AY41
_______________________________________________________________________




2577. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 357; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations relate to the assumption of 
liabilities in certain corporate transactions under section 357 of the 
Internal Revenue Code, and affect corporations and their shareholders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/06/03                    68 FR 23931
NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100818-01
Drafting attorney: Douglas C. Bates (202) 622-7550
Reviewing attorney: Debra Carlisle (202) 622-7550
CC: COR

Agency Contact: Douglas C. Bates, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7550
Fax: 202 622-4111
Email: [email protected]

RIN: 1545-AY74
_______________________________________________________________________




2578. DISCLOSURE OF RETURNS AND RETURN INFORMATION IN JUDICIAL AND 
ADMINISTRATIVE TAX PROCEEDINGS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6103; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This proposed rule relates to the disclosure of returns and 
return information in judicial and administrative tax proceedings 
pursuant to 26 U.S.C. 6103(h)(4).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120297-01
Drafting attorney: Sarah Tate (202) 622-4570
Reviewing attorney: Donald M. Squires (202) 622-4570
Treasury attorney: Anita Soucy (202) 622-1766
CC: PA: DPL

Agency Contact: Sarah Tate, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4570

RIN: 1545-AY89
_______________________________________________________________________




2579. TRANSACTIONS INVOLVING OBLIGATIONS OF CONSOLIDATED GROUP MEMBERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations are in regard to intercompany 
obligations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107592-00
Drafting attorney: Frances L. Kelly (202) 622-7072
Reviewing attorney: Michael J. Wilder (202) 622-3393
CC: COR

Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7072
Email: [email protected]

Related RIN: Related to 1545-AW30
RIN: 1545-BA11
_______________________________________________________________________




2580. DEDUCTIBILITY OF EMPLOYER CONTRIBUTIONS FOR DEFERRED COMPENSATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will update and clarify the general rules 
for deductibility of employer contributions to qualified retirement 
plans and other deferred compensation arrangements.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-139449-01
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Mark Schwimmer (202) 622-6090
Treasury attorney: Thomas Reeder (202) 622-1341
CC:TEGE

[[Page 73733]]

Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090

RIN: 1545-BA13
_______________________________________________________________________




2581. ALLOCATION AND APPORTIONMENT RULES: GUIDANCE ON SELECTED ISSUES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 863

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance with respect to the 
allocation and apportionment under section 861 of selected deductions, 
e.g., disaster losses and research and experimentation expenses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128240-01
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
Treasury attorney: John Harrington (202) 622-0589
CC:INTL

Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476
Email: [email protected]

RIN: 1545-BA64
_______________________________________________________________________




2582. ALLOCATION OF NEW MARKETS TAX CREDIT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 45D; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will address how the section 45D new markets 
tax credit should be allocated to the partners of a partnership under 
section 704(b) of the Internal Revenue Code and will address related 
partnership issues.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-131999-02
Drafting attorney: James A. Quinn (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
CC: PSI

Agency Contact: James A. Quinn, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3070

RIN: 1545-BA84
_______________________________________________________________________




2583. MIXED USE OUTPUT FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation describes rules relating to mixed use output 
facilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/23/02                    67 FR 59767
NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Local, State

Federalism:  Undetermined

Additional Information: REG-142599-02
Drafting attorney: Johanna Som de Cerff (202) 622-3980
Treasury attorney: John Cross (202) 622-1322
CC: TEGE

Agency Contact: Johanna Som de Cerff, Senior Technican Reviewer, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-BB23
_______________________________________________________________________




2584. ACCRUAL RULES FOR CREDITABLE FOREIGN TAXES AND GUIDANCE ON CHANGE 
IN TAXABLE YEAR

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will clarify the rules for 
determining when a creditable foreign tax accrues and may be claimed as 
a credit, and will provide guidance for determining the allowable 
foreign tax credit upon a change in the U.S. taxable year.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-144597-02
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Barbara A. Felker (202) 622-3850
CC:INTL

Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3850
Fax: 202 622-4476
Email: [email protected]

RIN: 1545-BB27
_______________________________________________________________________




2585. APPLICATION OF SEPARATE LIMITATIONS TO DIVIDENDS FROM 
NONCONTROLLED SECTION 902 CORPORATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 904(d)(6)

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 73734]]

Abstract: The American Jobs Creation Act of 2004 amended the foreign 
tax credit limitation rules under section 904(d) and extended 
lookthrough treatment to dividends paid by a 10/50 lookthrough 
corporation, generally effective retroactively for tax years beginning 
after December 31, 2002. These regulations would provide guidance 
needed to comply with these changes, including transition rules for 
dividends paid by a 10/50 lookthrough corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144784-02
Drafting attorney: Ginny Y. Chung (202) 622-3850
Reviewing attorney: Barbara Felker (202) 622-3850
CC:INTL

Agency Contact: Ginny Y. Chung, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3850

Related RIN: Related to 1545-BF46
RIN: 1545-BB28
_______________________________________________________________________




2586. SUBSTITUTE DIVIDEND PAYMENTS IN SECURITIES LENDING AND SIMILAR 
TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7701; 26 USC 863

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to taxation of cross-border and 
foreign-to-foreign substitute dividend payments in securities lending 
and similar transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-130751-01
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
CC:INTL

Agency Contact: Theodore D. Setzer, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-BB56
_______________________________________________________________________




2587. LOSS ON SUBSIDIARY STOCK

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 337(d); 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance to corporations that 
are members of an affiliated group filing a consolidated income tax 
return and that own stock of a subsidiary. The regulations will provide 
rules relating to the loss allowed on a disposition of subsidiary and 
stock, to the reduction of the subsidiary's attributes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-157711-02
Drafting attorney: Phoebe Bennett (202) 622-7388
Reviewing attorney: Theresa Abell (202) 622-4117
CC: COR

Agency Contact: Phoebe Bennett, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC 
20224
Phone: 202 622-7770

RIN: 1545-BB61
_______________________________________________________________________




2588. LIQUIDATION OF AN INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2704(b); 26 USC 7805

CFR Citation: 26 CFR 25

Legal Deadline: None

Abstract: This regulation relates to additional rules for determining 
when restrictions on liquidation are disregarded in valuing an interest 
under section 2704 of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163113-02
Drafting attorney: John MacEachen (202) 622-7830
Reviewing attorney: George Masnik (202) 622-3090
Treasury attorney: Catherine Hughes (202) 622-9407
CC: PSI

Agency Contact: John MacEachen, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7830

RIN: 1545-BB71
_______________________________________________________________________




2589. GENERAL ALLOCATION AND ACCOUNTING REGULATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules for the allocation of and 
accounting for bond proceeds for purposes of determining whether bonds 
are private activity bonds under section 141 of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Local, State

Federalism:  Undetermined

Additional Information: REG-140379-02

[[Page 73735]]

Drafting attorney: Johanna Som de Cerff (202) 622-3980
CC: TEGE

Agency Contact: Johanna Som de Cerff, Senior Technican Reviewer, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-BC07
_______________________________________________________________________




2590. UTILITY ALLOWANCE REGULATION UPDATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will modify and update utility allowance 
regulations under section 1.42-10, which provides for an alternative 
method for computing utility allowances under section 1.42-
10(b)(4)(ii). Also, the regulation will provide for annual updates of 
utility allowances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128274-03
Drafting attorney: David Selig (202) 622-3040
Reviewing attorney: Paul Handleman (202) 622-3040
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI

Agency Contact: David Selig, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3040

RIN: 1545-BC22
_______________________________________________________________________




2591. ADDITIONAL GUIDANCE REGARDING MARK-TO-MARKET ACCOUNTING FOR 
TRADERS IN SECURITIES AND/OR COMMODITIES, INCLUDING FOREIGN CURRENCY 
INSTRUMENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 988(a)(1)(B)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides additional rules relating to the 
trader mark-to-market election: 1) The coordination of income character 
rules of the mark-to-market regime with the capital election under 
section 988(a)(1)(B); 2) the definition of commodities for purposes of 
section 475; and 3) the application of the mark-to-market rules for 
traders that trade both securities and commodities in a single 
business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-135660-03
Drafting attorney: Camille B. Evans (202) 622-3800
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL

Agency Contact: Camille B. Evans, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3800

RIN: 1545-BC48
_______________________________________________________________________




2592. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: Internal Revenue Code section 7654 contains provisions for 
coordination of United States and certain possessions income taxes. 
Specifically, section 7654 provides for ``cover over'' of the net 
collection of taxes imposed under chapter 1 or deducted and withheld 
under chapter 24. Section 7654 of the Internal Revenue Code of 1986 
provides specific rules for cover over with regard to the possessions 
American Samoa and the U.S. Virgin Islands.
Section 7654 of the 1954 Code, as amended in 1972 by Public Law 92-606, 
provides specific rules for cover over with regard to the possessions 
Guam and the Northern Mariana Islands (NMI). Section 7654 of the 1954 
Code remains applicable to Guam and the NMI because neither of these 
two possessions has an effective implementing agreement with the United 
States, in accordance with the Tax Reform Act of 1986, Public Law 99-
514.
The regulations will provide rules under both the 1954 Code and the 
1986 Code versions of section 7654.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-139900-03
Drafting attorney: Javier G. Salinas (202) 435-5262
Reviewing attorney: Ricardo A. Cadenas (202) 435-5262
Treasury attorney: Gretchen Sierra (202) 622-1755
CC: INTL

Agency Contact: Javier G. Salinas, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435-5262

Related RIN: Related to 1545-BD32
RIN: 1545-BC54

[[Page 73736]]

_______________________________________________________________________




2593. SUSPENSION OF RUNNING OF PERIOD OF LIMITATION DURING A PROCEEDING 
TO ENFORCE OR QUASH A DESIGNATED OR RELATED SUMMONS

Priority: Substantive, Nonsignificant

Legal Authority: 25 USC 6503; 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: These regulations relate to the use of designated and related 
summonses and the effect on the period of limitations on assessment 
when a case is brought with respect to a designated or related summons.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/31/03                    68 FR 44905
NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208199-91
Drafting attorney: Elizabeth D. Rawlins (202) 622-3600
Reviewing attorney: Peter J. Devlin (202) 622-3600
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: CBS

Agency Contact: Elizabeth D. Rawlins, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3600

RIN: 1545-BC55
_______________________________________________________________________




2594. GUIDANCE UNDER SECTION 2053 REGARDING POST-DEATH EVENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 20

Legal Deadline: None

Abstract: These regulations relate to the amount deductible under 
section 2053(a)(3) of the Internal Revenue Code. The regulations will 
affect estates of decedents where claims exist against the decedent's 
estate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-143316-03
Drafting attorney: DeAnn K. Malone (202) 622-3112
Reviewing attorney: Melissa Liquerman (202) 622-7830
Treasury attorney: Cathy Hughes (202) 622-9407
CC:PSI

Agency Contact: DeAnn K. Malone, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3112

RIN: 1545-BC56
_______________________________________________________________________




2595. BELOW-MARKET LOANS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 7872(h)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations relate to the Federal income tax 
consequences of certain below-market loans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209226-84
Drafting attorney: David B. Silber (202) 622-3930
Reviewing attorney: William Blanchard (202) 622-3950
Treasury attorney: Viva Hammer (202) 622-0869
CC:FI

Agency Contact: David B. Silber, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3930

RIN: 1545-BC78
_______________________________________________________________________




2596. REGULATIONS GOVERNING THE PERFORMANCE OF ACTUARIAL SERVICES UNDER 
THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 29 USC 1241; 26 USC 7805

CFR Citation: 20 CFR 901

Legal Deadline: None

Abstract: Regulations governing the performance of actuarial service 
under the Employee Retirement Income Security Act of 1974 (ERISA). The 
regulations will cover the qualifications required for enrollment, 
continuing education requirements for enrolled actuaries, professional 
standards for the performance of actuarial services under ERISA, the 
grounds for disciplinary action against an enrolled actuary, and the 
procedures to be followed in taking disciplinary actions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159704-03
Drafting attorney: Michael J. Roach (202) 622-6090
CC:TEGE

Agency Contact: Michael J. Roach, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090

RIN: 1545-BC82

[[Page 73737]]

_______________________________________________________________________




2597. DEFINITION OF LOSS FOR PURPOSES OF THE STRADDLE RULES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805; 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will govern the definition of the term 
``loss'' for purposes of sections 1092 and 263(g).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159869-03
Drafting attorney: Mary Brewer (202) 622-3950
Reviewing attorney: Christina Morrison (202) 622-3950
Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202) 
622-0869
CC:FI

Agency Contact: Mary Brewer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3950

RIN: 1545-BC83
_______________________________________________________________________




2598. GUIDANCE REGARDING THE ACTIVE TRADE OR BUSINESS REQUIREMENT UNDER 
SECTION 355(B)

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed rulemaking will provide guidance regarding the 
active trade or business requirement under section 355(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-123365-03
Drafting attorney: Russell P. Subin (202) 622-7790
Reviewing attorney: Richard Coss (202) 622-7790
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR

Agency Contact: Russell P. Subin, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7790

RIN: 1545-BC94
_______________________________________________________________________




2599. SUPPORT TEST IN THE CASE OF A CHILD OF DIVORCED PARENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 152; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will update section 1.152-4.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-149856-03
Drafting attorney: Victoria J. Driscoll (202) 622-4920
Reviewing attorney: Stephen J. Toomey (202) 622-4920
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA

Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920
Fax: 202 622-6853

RIN: 1545-BD01
_______________________________________________________________________




2600. DEFINITION OF QUALIFIED FOREIGN CORPORATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805(a); 26 USC 1

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Notice 2003-79, section 5, published on December 15, 2003, 
states that the IRS intends to issue regulations, for years after 2003, 
that provide procedures for a foreign corporation to certify that it is 
a qualified foreign corporation for purposes of IRC section 
1(h)(11)(C). (Temporary rules provided in Notice 2003-79 were 
subsequently extended by Notice 2004-71, published on November 8, 2004, 
and by Notice 2006-3, published January 17, 2006.) The regulations will 
also provide procedures for certifying that a security that is not a 
common or ordinary share is equity rather than debt; that a foreign 
company is entitled to benefits under a comprehensive income tax treaty 
where a security is not readily tradable on a recognized U.S. stock 
exchange; and that the foreign corporation is not a PFIC in the taxable 
year in which a dividend is paid, or in the preceding taxable year. The 
regulations are also expected to address the meaning of the requirement 
in the legislative history that to qualify under a treaty for purposes 
of 1(h)(11) ``substantially all of . . .[the foreign corporation's] 
income in the taxable year in which the dividend is paid'' must qualify 
for treaty benefits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107420-04
Drafting attorney: Ana C. Guzman (202) 622-3880
Reviewing attorney: Edward R. Barret (202) 622-3880
Treasury attorney: Andrew D. Froberg (202) 622-1779
CC:INTL

Agency Contact: Ana C. Guzman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service,

[[Page 73738]]

1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3880

Edward R. Barret, Attorney-Advisor, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3880

RIN: 1545-BD15
_______________________________________________________________________




2601. REMIC INTEREST-ONLY REGULAR INTERESTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These rules relate to the proper timing of income or 
deduction attributable to an interest-only regular interest in a Real 
Estate Mortgage Investment Conduit (REMIC).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/25/04                    69 FR 52212
NPRM                            09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106679-04
Drafting attorney: Kathleen Sleeth (202) 622-3920
Reviewing attorney: Dale Collinson (202) 622-3920
Treasury attorney: Michael Novey (202) 622-1339
CC:FI

Agency Contact: Kathleen Sleeth, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3920

RIN: 1545-BD18
_______________________________________________________________________




2602. SECTION 42 QUALIFIED CONTRACT PROVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation under sections 42(h)(6)(F) and 
42(h)(6)(K) will provide guidance for provisions relating to qualified 
contracts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-114084-04
Drafting attorney: Jack Malgeri (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury reviewer: Sharon Kay (202) 622-0865
CC: PSI

Agency Contact: Jack Malgeri, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3040

RIN: 1545-BD20
_______________________________________________________________________




2603. PAYMENTS FOR WHICH NO RETURN OF INFORMATION IS REQUIRED UNDER 
SECTION 6041

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 6041; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation will remove section 1.6041-3(g) of 
the Income Tax Regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147136-03
Drafting attorney: Timothy Sheppard (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-7085
Treasury attorney: John Parcell (202) 622-2578
CC: PA: APJ

Agency Contact: Timothy S. Sheppard, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-BD21
_______________________________________________________________________




2604. DEFINITION OF DISQUALIFIED PERSON

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations provide certain changes to the 
definition of a disqualified person under section 1.1031-1(k) of the 
income tax regulations to facilitate the ability of banks and bank 
affiliates to act as qualified intermediaries in section 1031 
exchanges.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-160005-03
Drafting attorney: Brendan P. O'Hara (202) 622-4920
Reviewing attorney: Steven Toomey (202) 622-4920
Treasury attorney: Matthew Lay (202) 622-1788
CC: ITA

Agency Contact: Brendan P. O'Hara, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920

RIN: 1545-BD28
_______________________________________________________________________




2605. CLASSIFICATION OF INDIAN TRIBAL CORPORATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

[[Page 73739]]

Legal Authority: 26 USC 7701; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance regarding classification 
of Indian Tribal Corporations for Federal tax purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-136069-04
Drafting attorney: Barbara Campbell (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050
CC:PSI

Agency Contact: Barbara Campbell, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3050

RIN: 1545-BD61
_______________________________________________________________________




2606. DECLARATORY JUDGMENT--GIFT TAX VALUE

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7477; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations relating to the redetermination of value 
of certain gifts in a declaratory judgment action.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-143716-04
Drafting attorney: William Blodgett (202) 622-3090
Reviewing attorney: George Masnik (202) 622-3090
Treasury attorney: Cathy Hughes (202) 622-9407
CC: PSI

Agency Contact: William L. Blodgett, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3090

RIN: 1545-BD67
_______________________________________________________________________




2607. REGULATIONS UNDER SECTION 706 REGARDING DETERMINATION OF 
DISTRIBUTIVE SHARE WHEN A PARTNER'S INTEREST CHANGES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 706; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules regarding the 
determination of a partner's distributive share when the partner's 
interest changes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144689-04
Drafting attorney: Laura C. Fields (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050
CC: PSI

Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3050

RIN: 1545-BD71
_______________________________________________________________________




2608. SHAREHOLDER'S BASIS IN STOCK OF AN S CORPORATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 1367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules relating to the 
determination of a shareholder's basis in stock of an S corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-144859-04
Drafting attorney: Stacy L. Short (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: William Bowers (202) 622-5721
CC:PSI

Agency Contact: Stacy L. Short, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3070

RIN: 1545-BD72
_______________________________________________________________________




2609. GUIDANCE UNDER SECTION 707(C) REGARDING GUARANTEED PAYMENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 707; 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This regulation will modify the regulations under section 
707(c) to address certain situations involving guaranteed payments to 
partners.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144694-04
Drafting attorney: Jason T. Smyczek (202) 622-3050

[[Page 73740]]

Reviewing attorney: David Haglund (202) 622-3050
CC: PSI

Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3050

RIN: 1545-BD74
_______________________________________________________________________




2610. UPDATE AND REVISION OF TREASURY REGULATION SECTIONS 1.381(C)(4) 
AND (5)-1

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 381(c)(4); 26 USC 381(c)(5); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed amendments will focus on how to determine the 
principal accounting method; how taxpayers will procedually change 
their accounting methods when they're not permitted to use or prefer 
not to use the principal accounting method; how taxpayers will reflect 
the difference in computing taxable income when they change their 
accounting methods; reconciling Treasury Regulation section 1.381(c)(4) 
language, terms, and conditions with Treasury Regulation section 
1.381(c)(5); and reordering, simplifying, and indexing Treasury 
Regulation sections 1.381 (c)(4) and (5).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-151884-03 and REG-151887-03
Drafting attorney: Cheryl L. Oseekey (202) 622-4970
Reviewing attorney: Jeffery G. Mitchell (202) 622-4970
Treasury attorney: Sharon Kay (202) 622-0865
CC: ITA

Agency Contact: Cheryl L. Oseekey, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4970

RIN: 1545-BD81
_______________________________________________________________________




2611. GUIDANCE REGARDING SELECTED ISSUES UNDER SECTION 336(E)

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 336; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will address the circumstances in 
which a corporation that owns stock in another corporation, meeting the 
requirements of section 1504(a)(2), and sells, exchange, or distributes 
such an interest may elect to treat the transaction as a disposition of 
the assets of such other corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143544-04
Drafting attorney: Mark Weiss (202) 622-7790
Reviewing attorney: Ken Cohen (202) 622-7790
CC: COR

Agency Contact: Mark Weiss, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7790

RIN: 1545-BD84
_______________________________________________________________________




2612. DEFINITION OF THE ``DUE DATE'' FOR PURPOSES OF CALCULATING 
OVERPAYMENT INTEREST UNDER SECTION 301.6611(H)

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6611; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: These regulations will amend 26 CFR section 301.6611-1(h) to 
clarify the allowance for overpayment interest in cases in which an 
overpayment is credited against an underpayment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148576-04
Drafting attorney: Timothy Sheppard (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
CC: PA: APJ

Agency Contact: Timothy S. Sheppard, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-BD86
_______________________________________________________________________




2613. REDUCTION OF FUEL EXCISE TAX EVASION

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: Changes to tax on aviation grade kerosene and other excise 
taxes related to taxable fuels.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-153838-04
Drafting attorney: Deborah Karet (202) 622-3130
Reviewing attorney: Frank Boland (202) 622-3130 and Curtis Wilson (202) 
622-3000

[[Page 73741]]

Treasury attorney: John Parcell (202) 622-2578
CC: PSI

Agency Contact: Deborah Karet, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3130

RIN: 1545-BE03
_______________________________________________________________________




2614. INTRA-GROUP GROSS RECEIPTS UNDER SECTION 41

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 41; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will address the treatment of intra-
group transactions in the determination of a controlled group's gross 
receipts for purposes of the section 41 research credit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-159420-04
Drafting attorney: Jaime Park (202) 622-3120
Reviewing attorney: Brenda M. Stewart (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI

Agency Contact: Jaime C. Park, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20024
Phone: 202 622-3120

RIN: 1545-BE14
_______________________________________________________________________




2615. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS 
CREATION ACT OF 2004 (AJCA)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1301; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The project will amend the farm income averaging regulations 
under section 1.1301-1 to include the concept of fishing business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-161695-04
Drafting attorney: Amy J. Pfalzgraf (202) 622-4950
Treasury attorney: John Parcell (202) 622-2578
CC: ITA

Agency Contact: Amy J. Pfalzgraf, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4950

Related RIN: Related to 1545-BE39
RIN: 1545-BE23
_______________________________________________________________________




2616. SECTION 6011 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations are an update to the taxpayer disclosure 
regulations for reportable transactions under section 1.6011-4.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103038-05
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Michael Desmond (202) 622-1981
CC: PSI

Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3080

Related RIN: Related to 1545-BE25
RIN: 1545-BE24
_______________________________________________________________________




2617. SECTION 6111 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6111; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: These regulations are for section 6111, as revised under the 
American Jobs Creation Act of 2004, which will provide the rules for 
material advisors regarding disclosure of reportable transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103039-05
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Michael Desmond (202) 622-1981
CC:PSI

Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3080

Related RIN: Related to 1545-BE27
RIN: 1545-BE26
_______________________________________________________________________




2618. SECTION 6112 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6112; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulations are an update to the list maintenance 
regulations under section 6112 to take into account changes to the 
statute made in the ``American Jobs Creation Act of 2004.''

[[Page 73742]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-103043-05
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Michael Desmond (202) 622-1981
CC: PSI

Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3080

Related RIN: Related to 1545-BE29
RIN: 1545-BE28
_______________________________________________________________________




2619. TRACTORS, TRAILERS, TRUCKS, AND TIRES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: This project will provide guidance on trucks, tractors, 
trailers, and tires in light of legislative changes and litigation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-103380-05
Drafting attorney: Celia Gabrysh (202) 622-3130
Reviewing attorneys: Barbara Franklin (202) 622-3130 and Curt Wilson 
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC: PSI

Agency Contact: Celia A. Gabrysh, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3130

RIN: 1545-BE31
_______________________________________________________________________




2620. RELEASE OF LIEN OR DISCHARGE OF PROPERTY

Priority: Info./Admin./Other

Legal Authority: 26 USC 6325; 26 USC 6503; 26 USC 7426; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations that reflect the enactment of sections 
6325(b)(4), 7426(a)(4) and (b)(5), and 6503(f)(2) of the IRS 
Restructuring and Reform Act of 1998, giving third-party owners of 
property administrative and judicial remedies to discharge tax liens 
from their property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-159444-04
Drafting attorney: Debra A. Kohn (202) 622-3620
Reviewing attorney: Lawrence Schattner (202) 622-3620
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: CBS

Agency Contact: Debra A. Kohn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7985
Email: [email protected]

RIN: 1545-BE35
_______________________________________________________________________




2621. DEFINITION OF DEPENDENT AND OTHER RELATED PROVISIONS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 152

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: This project will update regulations under sections 2, 151, 
152, and other sections of the Internal Revenue Code that refer to the 
definition of ``dependent'' in section 152, as amended by the Working 
Families Tax Relief Act of 2004.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106682-05
Drafting attorney: Victoria J. Driscoll (202) 622-4920
Reviewing attorney: Donna J. Welch (202) 622-4920
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA

Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920
Fax: 202 622-6853

RIN: 1545-BE40
_______________________________________________________________________




2622. BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE 
PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 9501; 26 USC 7804; PL 105-206, sec 1201; PL 105-
206, sec 1204; 26 USC 7805; . . .

CFR Citation: 26 CFR 801

Legal Deadline: None

Abstract: The IRS will issue a notice of proposed rulemaking to 
accompany temporary regulations amending 26 CFR part 801 to remove 
limitations on use of quantity measures in measuring and evaluating 
organizational and employee performance, and to add examples of proper 
use of quantity measures and records of tax enforcement results.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

[[Page 73743]]

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-114444-05
Drafting attorney: Karen Keller (202) 283-7919
Reviewing attorney: Neil B. Worden (202) 283-7911
Treasury attorney: Michael Desmond (202) 622-1981
CC:GLS:CL

Agency Contact: Karen Keller, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7919

Related RIN: Related to 1545-BE46
RIN: 1545-BE45
_______________________________________________________________________




2623. LIMITATION ON TRANSFER OF BUILT-IN LOSSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 362(e); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance for applying 26 U.S.C. 
362(e)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110405-05
Drafting attorney: Jay M. Singer (202) 622-7530
Reviewing attorney: Filiz Serbes (202) 622-3703
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR

Agency Contact: Jay M. Singer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7530

Related RIN: Related to 1545-BE59
RIN: 1545-BE58
_______________________________________________________________________




2624. RESEARCH EXPENDITURES RESULTING IN INVENTORY PROPERTY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 174; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the treatment, under section 
174, of amounts paid or incurred for the direct labor and materials 
used to construct property to be sold to third parties.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-124148-05
Drafting attorney: Nicole R. Cimino (202) 622-3120
Reviewing attorney: Leslie Finlow (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI

Agency Contact: Nicole R. Cimino, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3120

RIN: 1545-BE64
_______________________________________________________________________




2625. SECTION 401(A)(4) GUIDANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 401; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide additional guidance on satisfying the section 
401(a)(4) nondiscrimination requirement with respect to benefits or 
contributions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-127586-05
Drafting attorney: Christopher A. Crouch (202) 622-6090
Reviewing attorney: Linda S. Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC: TEGE

Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
CC: TEGE: EB: QP1, Washington, DC 20224
Phone: 202 622-6090
Fax: 202 927-1851
Email: [email protected]

RIN: 1545-BE69
_______________________________________________________________________




2626. INFORMATION REPORTING ON REAL ESTATE TRANSACTIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 6011; 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation amends 26 CFR section 1.6045-4 of the Income 
Tax Regulations by providing that a sale or exchange of an interest in 
timber for an outright or a lump sum amount is subject to information 
reporting under 26 U.S.C. section 6045(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-155669-04
Drafting attorney: William Kostak (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
CC:PA:APJ

Agency Contact: William M. Kostak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-BE73

[[Page 73744]]

_______________________________________________________________________




2627. START-UP AND ORGANIZATIONAL EXPENDITURES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 195; 26 USC 248; 26 USC 709; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations implement the changes to sections 
195, 248, and 709 of the Internal Revenue Code, made by section 902 of 
the American Jobs Creation Act of 2004 (Pub. L. No. 108-357). Under the 
Act, a corporate taxpayer may elect to deduct up to $5000 of start-up 
expenditures and $5000 of organizational expenditures in the taxable 
year in which the trade or business begins. The remainder of the start-
up or organizational expenditures are allowed as deductions ratably 
over the 180-month period beginning with the month the corporation 
begins business. Similar rules are provided for organizational and 
syndication fees for partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-164965-04
Drafting attorney: Grace K. Matuszeski (202) 622-7900
Treasury attorney: Sharon Kay (202) 622-0865
CC: ITA

Agency Contact: Grace Matuszeski, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7900

RIN: 1545-BE77
_______________________________________________________________________




2628. TARGETED POPULATIONS UNDER SECTION 45D(E)(2)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 450; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance under section 45D regarding 
how an entity meets the requirements to be a qualified active low-
income community business for purposes of the new markets tax credit 
when its activities involve targeted populations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-142339-05
Drafting attorney: Lauren R. Taylor (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI

Agency Contact: Lauren R. Taylor, General Attorney (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 5111, Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753
Email: [email protected]

RIN: 1545-BE89
_______________________________________________________________________




2629. RAILROAD TRACK MAINTENANCE CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on claiming the railroad 
track maintenance credit under section 45G of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/08/06                    71 FR 53052
NPRM Comment Period End         12/07/06
Public Hearing                  01/00/07
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-142270-05
Drafting attorney: Winston Douglas (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI

Agency Contact: Winston H. Douglas, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

Related RIN: Related to 1545-BE91
RIN: 1545-BE90
_______________________________________________________________________




2630. S CORPORATION GUIDANCE UNDER AMERICAN JOBS CREATION ACT OF 2004

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1361; 26 USC 1362; 26 USC 1366; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation revises S corporation regulations under 
section 1361 and other affected code sections to reflect provisions of 
(AJCA) ``American Jobs Creation Act of 2004'' & (GOZA) Gulf Opportunity 
Zone Act, including family shareholder rules under Act section 231; 
also updates or replaces obsolete references in regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143326-05
Drafting attorney: Bradford R. Poston (202) 622-3060
Reviewing attorney: John T. Hines (202) 622-3060
CC:PSI: 2

Agency Contact: Bradford R. Poston, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5015, Washington, DC 20224
Phone: 202 622-3060
Fax: 703 605-1905

[[Page 73745]]

Email: [email protected]

RIN: 1545-BE95
_______________________________________________________________________




2631. CAPITAL COSTS INCURRED TO COMPLY WITH EPA SULFUR REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 179B of the 
Internal Revenue Code relating to EPA sulfur.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-143453-05
Drafting attorney: Douglas Kim (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC: PSI

Agency Contact: Douglas Kim, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

Related RIN: Related to 1545-BE97
RIN: 1545-BE96
_______________________________________________________________________




2632. DISALLOWANCE OF PARTNERSHIP LOSS TRANSFERS AND BASIS REDUCTION IN 
STOCK OF A CORPORATE PARTNER

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704; 26 USC 734; 26 USC 743; 26 USC 755; 26 USC 
7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations intend to provide guidance under 
sections 704, 734, 743, and 755 as amended by the American Jobs 
Creation Act of 2004 regarding the disallowance of certain partnership 
loss transfers, and no reduction of basis in stock held by a 
partnership in a corporate partner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-144468-05
Drafting attorneys: Barbara J. Campbell and Sean I. Kahng (202) 622-
3050
CC:PSI

Agency Contact: Sean I. Kahng, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3050

Barbara Campbell, Attorney-Advisor, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3050

RIN: 1545-BE98
_______________________________________________________________________




2633. SECTION 704(C) AND 737 REGULATIONS UPDATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 704; 26 USC 737

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed rule will modify regulations under sections 704 
and 737 consistent with Notice 2005-15.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-143397-05
Drafting attorney: Laura C. Fields (202) 622-3050
Reviewing attorney: Beverly Katz (202) 622-3050
Treasury attorney: William Bowers (202) 622-5721
CC:PSI

Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3050

Heather L. Faught, Attorney-Advisor, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3060

RIN: 1545-BE99
_______________________________________________________________________




2634. CAFETERIA PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 125

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations on cafeteria plans (employee welfare 
benefit plans allowing employees to choose between taxable benefits and 
nontaxable benefits (e.g., employer-provided accident and health plans, 
group term life insurance or dependent care assistance programs).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-142695-05
Drafting attorney: Elizabeth A. Purcell (202) 622-6080
Reviewing attorney: Harry Beker (202) 622-6080
Treasury attorney: Kevin Knopf (202) 622-2329
CC: TEGE

Agency Contact: Elizabeth A. Purcell, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

Related RIN: Related to 1545-BF01
RIN: 1545-BF00

[[Page 73746]]

_______________________________________________________________________




2635. ELECTION TO EXPENSE CERTAIN REFINERIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 179C

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide guidance under section 179C of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-146895-05
Drafting attorney: Ruba Nasrallah (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

Agency Contact: Ruba Nasrallah, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-3110

Related RIN: Related to 1545-BF06
RIN: 1545-BF05
_______________________________________________________________________




2636. CREDIT CARD CLAIMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6416

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: Refunds of excise taxes on exempt sales of fuel by credit 
card.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-147282-05
Drafting attorney: Taylor Cortright (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Curt Wilson (202) 
622-3000
Treasury attorney: John Parcell (202) 622-2578
CC: PSI

Agency Contact: Taylor Cortright, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3130

RIN: 1545-BF07
_______________________________________________________________________




2637. NUCLEAR DECOMMISSIONING COST

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Proposed regulations under the Energy Tax Incentives Act of 
2005 concerning nuclear decommissioning costs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147290-05
Drafting attorney: Bernard P. Harvey (202) 622-3110
Reviewing attorney: Peter C. Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

Related RIN: Related to 1545-BF09
RIN: 1545-BF08
_______________________________________________________________________




2638. CLEAN RENEWABLE ENERGY BONDS

Priority: Substantive, Nonsignificant

Legal Authority: PL 109-58 sec 1303(d); 26 USC 54

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 54 of the Code allows certain specified entities to 
issue Clean Renewable Energy Bonds. Taxpayers who purchase these bonds 
are entitled to a credit against income tax in lieu of receiving 
interest payments from the Clean Renewable Energy Bond issuers. These 
regulations explain the requirements for issuing the bonds and for 
claiming the tax credit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Local, State, Tribal

Additional Information: REG-148071-05
Drafting attorney: Aviva M. Roth (202) 622-3980
Reviewing attorney: Timothy L. Jones (202) 622-1380
Treasury attorney: John Cross (202) 622-1322
CC: TEGE

Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013, 
Washington, DC 20224
Phone: 202 622-3980
Email: [email protected]

Related RIN: Related to 1545-BF12
RIN: 1545-BF11
_______________________________________________________________________




2639. FEDERAL INCOME TAX CONSEQUENCES OF TRANSFERS BETWEEN AN INDIVIDUAL 
DEBTOR AND THE BANKRUPTCY ESTATE IN CASES UNDER CHAPTERS 7 AND 11 OF 
TITLE 11 OF THE UNITED STATES CODE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed notice of proposed rulemaking designates as non-
taxable certain asset transfers between individual debtors and their 
bankruptcy estates that occur at the commencement of the bankruptcy 
case, after

[[Page 73747]]

commencement and before termination of the bankruptcy estate, and upon 
the termination of the estate. The regulations provide specific rules 
governing the succession of tax attributes by the estate and the debtor 
in connection with these non-taxable transfers. The regulations also 
define the section 1398 phrase ``termination of the estate.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-116372-03
Drafting attorney: Laurence K. Williams (202) 622-3600
Reviewing attorney: Michael Gompertz (202) 622-3620
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: CBS

Agency Contact: Laurence K. Williams, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3600

RIN: 1545-BF13
_______________________________________________________________________




2640. RULES UNDER SECTION 302 OF THE KATRINA EMERGENCY TAX RELIEF ACT OF 
2005

Priority: Substantive, Nonsignificant

Legal Authority: PL 109-73, sec 302; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules relating to the $500 
deduction from taxable income allowed under section 302 of the Katrina 
Emergency Tax Relief Act of 2005 (KETRA) to individuals for housing a 
Hurricane Katrina displaced individual.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-152043-05
Drafting Attorney: Marnette M. Myers (202) 622-4920
CC: ITA

Agency Contact: Marnette M. Myers, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW, 
Washington, DC 20224
Phone: 202 622-4920

Related RIN: Related to 1545-BF89
RIN: 1545-BF14
_______________________________________________________________________




2641. REVISION OF TREASURY REGULATION SECTION 1.1561-3 TO COMPLY WITH 
COMMISSIONER'S E-FILE PROGRAM AND WITH THE RECOMMENDATIONS OF TIGTA 
REPORT

Priority: Info./Admin./Other

Legal Authority: 26 USC 1561; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations simplify, clarify, or eliminate 
reporting burdens. These regulations also eliminate regulatory 
impediments to the electronic filing of certain statements that 
taxpayers are required to include on or with their Federal income tax 
returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-134317-05
Drafting attorney: Grid R. Glyer (202) 622-7930
Reviewing attorney: Steve Hankin (202) 622-7930
CC: COR

Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7930

RIN: 1545-BF16
_______________________________________________________________________




2642. ALCOHOL FUEL AND BIODIESEL

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 6426; 26 USC 6427(e); 26 USC 40 A; 26 USC 40; 
26 USC 34; 26 USC 7805

CFR Citation: 48 CFR 6425; 48 CFR 6427

Legal Deadline: None

Abstract: Sections 40A, 6426, and 6427(e) were added to the Internal 
Revenue Code (Code) by the American Jobs Creation Act of 2004 (Pub. L. 
108-357)(ACT). The Act also amended section 40 of the Code. These Code 
provisions relate to credits for alcohol and biodiesel used as a fuel 
and credits and payments for alcohol fuel and biodiesel mixtures. The 
regulations will provide guidance on these Code sections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-155087-05
Drafting attorney: Susan Athy (202) 622-3130
Reviewing attorney: Frank Boland (202) 622-3130 and Curt Wilson (202) 
622-3000
Treasury attorney: John Parcell (202) 622-2578
CC: PSI

Agency Contact: Susan Athy, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3130

RIN: 1545-BF17
_______________________________________________________________________




2643. CREDIT FOR PRODUCTION FROM ADVANCED NUCLEAR POWER FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 45J

CFR Citation: Not Yet Determined

Legal Deadline: None

[[Page 73748]]

Abstract: Regulations will provide guidance for implementation of new 
section 45J; in particular, regulations will provide a certification 
process for approval and allocation of the National Megawatt 
Limitation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-157616-05
Drafting attorney: Patrick S. Kirwan (202) 622-3110
Reviewing attorney: Peter Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

Related RIN: Related to 1545-BF20
RIN: 1545-BF19
_______________________________________________________________________




2644. DEBT SATISFIED BY A PARTNERSHIP INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 108; 26 USC 704; 26 USC 752; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations to address partnership issues relating 
to the satisfaction of a debt with a partnership interest.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-164370-05
Drafting attorney: Eric Lee (202) 622-3070
Reviewing attorney: Mary Beth Collins (202) 622-3070
CC: PSI

Agency Contact: Eric B. Lee, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3070

RIN: 1545-BF27
_______________________________________________________________________




2645. TAXPAYER ASSISTANCE ORDERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7811 (a); 26 USC 7805

CFR Citation: 42 CFR 301

Legal Deadline: None

Abstract: Proposed amendments to Treasury Regulation section 301.7811-1 
to ensure that the regulation reflects amendments to section 7811 of 
the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-152166-05
Drafting attorney: Robin M. Tuczak (202) 622-3529
CC: NTA

Agency Contact: Robin Tuczak, Technical Advisor to the Special Counsel, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3529
Email: [email protected]

RIN: 1545-BF33
_______________________________________________________________________




2646. ENTERTAINMENT EXPENSE DISALLOWANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Regulations implementing the JOBS Act 2004 amendments to 
section 274(e)(2) and (e)(9), regarding limitations on deductions for 
expenses for entertainment of specified individuals.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147171-05
Drafting attorney: Michael A. Nixon (202) 622-4930
Reviewing attorney: George Baker (202) 622-4930
Treasury attorney: Eric San Juan (202) 622-0224
CC:ITA

Agency Contact: Michael A. Nixon, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4930

RIN: 1545-BF34
_______________________________________________________________________




2647. ACCURACY-RELATED PENALTIES

Priority: Substantive, Nonsignificant

Legal Authority: USC 6662A; USC 6662; USC 6664; 26 USC 7805

CFR Citation: 26 CFR 1.6662A; 26 CFR 1.6662; 26 CFR 1.6664

Legal Deadline: None

Abstract: Proposed regulations regarding the new provisions and 
amendments made to code sections 6662, 6662A, and 6664 by the American 
Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-160870-04
Drafting attorney: Laura R. Urich (202) 622-4940
Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorney: Mike Desmond (202) 622-1981

[[Page 73749]]

CC: PA: APJ

Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF40
_______________________________________________________________________




2648. [bull] TAXATION OF FRINGE BENEFITS AND EXCLUSIONS FROM GROSS 
INCOME OF CERTAIN FRINGE BENEFITS

Priority: Routine and Frequent

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.61-21-(k)(6)(B)

Legal Deadline: None

Abstract: This proposed regulation contains proposed amendments to the 
fringe benefit regulations. Income Tax Regulation section 1.61-
21(k)(6)(B) is amended by removing a reference to section 414(q)(1)(C) 
of the Internal Revenue Code (Code) that no longer exists and replacing 
it with a reference to regulation section 1.61-21(f)(5)(i).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-162699-05
Drafting Paralegal: Eboni P. Stokes (202) 622-4783
Reviewing Branch Chief: Lynne A. Camillo (202) 622-6040
CC: TEGE

Agency Contact: Eboni Patrice Stokes, Paralegal Specialist, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4783
Email: [email protected]

RIN: 1545-BF42
_______________________________________________________________________




2649. [bull] LIMITATION ON IMPORTATION OF BUILT-IN LOSSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.362-1

Legal Deadline: None

Abstract: These proposed regulations will provide guidance for 
determining that a CFC's distributive share of partnership income will 
qualify for the exception contained in section 954(i).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-161948-05
Drafting attorney: Jay M. Singer (202) 622-7530
Reviewing attorney: Filiz A. Serbes (202) 622-3703
CC: COR

Agency Contact: Jay M. Singer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7530

RIN: 1545-BF43
_______________________________________________________________________




2650. [bull] SPECIAL RULES UNDER SECTION 7874

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805; 26 USC 7874

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide special rules amplifying the 
provisions of section 7874.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-112994-06
Drafting attorney: Milton M. Cahn (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL

Agency Contact: Milton M. Cahn, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3860

Related RIN: Related to 1545-BF48
RIN: 1545-BF47
_______________________________________________________________________




2651. [bull] FURTHER GUIDANCE REGARDING APPLICATION OF SECTION 409A

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 409A

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Regulations regarding the measurement of income inclusion and 
calculation of applicable taxes under section 409A of the Internal 
Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-148326-05
Drafting attorney: Stephen B. Tackney (202) 622-6030
Treasury attorney: Dan Hogan (202) 622-1332
CC: TEGE

Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
4030, Washington, DC 20224
Phone: 202 622-6030
Fax: 202 622-7865
Email: [email protected]

RIN: 1545-BF50
_______________________________________________________________________




2652. [bull] 475 HELD FOR INVESTMENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 475(b)

CFR Citation: 26 CFR Part 1

Legal Deadline: None

Abstract: Publication of notice of proposed rule making relating to 
whether a security is held for investment and excluded from the 
application of section 475(a) of the Internal Revenue Code.

[[Page 73750]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-253307-96
Drafting attorney: Lauren J. Medovoy (202) 622-3920
Reviewing attorney: Elizabeth Handler (202) 622-3920
CC: FI

Agency Contact: Lauren J. Medovoy, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3920
Fax: 202 622-7970
Email: [email protected]

RIN: 1545-BF53
_______________________________________________________________________




2653. [bull] CHANGE TO OFFICE TO WHICH NOTICES OF NONJUDICIAL SALE AND 
REQUESTS FOR RETURN OF WRONGFULLY LEVIED PROPERTY MUST BE SENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7425; 26 USC 6343

CFR Citation: 26 CFR 6343-2; 26 CFR 7425-3

Legal Deadline: None

Abstract: These proposed amendments to the regulations provide guidance 
relating to the giving of notice of nonjudicial sales under section 
7425(b) of the Internal Revenue Code and requests for return of 
wrongfully levied property under section 6343(b) of the Internal 
Revenue Code. In order to account for the IRS's current organizational 
structure and to allow for future reorganizations of the IRS, the 
proposed regulations remove certain specific titles.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148951-05
Drafting attorney: Robin M. Ferguson (202) 622-3610
Reviewing attorney: Mitch Hyman (202) 622-3610
Treasury attorney: Anita Soucy (202) 622-1766
CC: PA: CBS

Agency Contact: Robin M. Ferguson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3610
Email: [email protected]

RIN: 1545-BF54
_______________________________________________________________________




2654. [bull] SECTION 6707 AND THE FAILURE TO FURNISH INFORMATION 
REGARDING REPORTABLE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.6707-1; 26 CFR 1.6091-1

Legal Deadline: None

Abstract: Proposed regulations regarding the imposition of penalities 
under section 6707 of the Internal Revenue Code on material advisors 
who fail to file a return under section 6111(a) or file false or 
incomplete information with respect to a reportable transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-160872-04
Drafting attorney: Matthew S. Cooper (202) 622-8445
Reviewing attorney: Ashton Trice (202) 622-4940
CC: PA: APJ

Agency Contact: Matthew S. Cooper, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5135, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF59
_______________________________________________________________________




2655. [bull] SECTION 6707A AND THE FAILURE TO INCLUDE ON ANY RETURN OR 
STATEMENT ANY INFORMATION REQUIRED TO BE DISCLOSED UNDER SECTION 6011 
WITH RESPECT TO A REPORTABLE TRANSACTION.

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.6707A-1

Legal Deadline: None

Abstract: Proposed regulations regarding the imposition of penalities 
under section 6707A of the Internal Revenue Code for the failure to 
include on any return or statement any information required to be 
disclosed under section 6011 with respect to a reportable transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-160868-04
Drafting attorney: Dillon J. Taylor (202) 622-4940
Reviewing attorney: Ashton Trice (202) 622-4940
CC: PA: APJ

Agency Contact: Dillon Taylor, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 5127, 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

Related RIN: Related to 1545-BF62
RIN: 1545-BF61
_______________________________________________________________________




2656. [bull] ACTIVITIES CUSTOMARILY PERFORMED BY STATES AND LOCAL 
GOVERNMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7871(e)

CFR Citation: 26 CFR 1.7871(e)

Legal Deadline: None

[[Page 73751]]

Abstract: The advanced notice of proposed rulemaking provides that the 
Internal Revenue Service and the Department of Treasury expect to issue 
guidance providing that for purposes of tax exempt bonds issued by 
Indian tribal governments under sections 103(a) and 7871(a)(4) of the 
Internal Revenue Code. Plan activity will be considered an activity 
customarily performed by State and local governments with general 
taxing power within the meaning of section 7871(e) only if: (1) The 
activity is one conducted by a requisite number of State or local 
governments, (2) the activity has been conducted by States or local 
governments for a requisite period of time and (3) the activity is not 
a commercial or industrial activity.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/09/06                    71 FR 45474
ANPRM Comment Period End        11/07/06
NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Tribal

Additional Information: REG-118788-06
Drafting attorney: Aviva M. Roth (202) 622-3980
Reviewing attorney: Timothy L. Jones (202) 622-3701
Treasury attorney: John J. Cross III (202) 622-1322
CC: TEGE

Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013, 
Washington, DC 20224
Phone: 202 622-3980
Email: [email protected]

RIN: 1545-BF63
_______________________________________________________________________




2657. [bull] CLARIFICATION OF SECTION 6411 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6411

CFR Citation: 26 CFR 1.6411-2 (Revision); 26 CFR 1.6411-3 (Revision)

Legal Deadline: None

Abstract: These proposed amendments to the regulations clarify that, 
after being computed under the terms of the section 1.6411-2 
regulations, a tentative carryback allowance may be reduced under 
section 1.6411-3 by unassessed amounts. In order to account for the 
IRS's current organizational structure, the proposed regulations remove 
the title.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-118886-06
Drafting attorney: Cynthia A. McGreevy (202) 622-4910
Reviewing attorneys: Pamela Fuller (202) 622-3600 and
 Curtis Wilson (202) 622-7800
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: APJ

Agency Contact: Cynthia A. McGreevy, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910
Fax: 202 927-9248
Email: [email protected]

RIN: 1545-BF65
_______________________________________________________________________




2658. [bull] USER FEES FOR PROCESSING INSTALLMENT AGREEMENTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 31 USC 9701; OMB Circular A-25

CFR Citation: 26 CFR 300.1; 26 CFR 300.2

Legal Deadline: None

Abstract: The proposed regulations relate to the user fees charged by 
the Service for installment agreements. The proposed regulations 
increase the amount of the user fees imposed under sections 300.1 and 
300.2 for entering into and restructuring or reinstating installment 
agreements. The proposed regulations bring the fees in line with the 
actual costs to the Service. Currently, the Service charges $43 for 
entering into an installment agreement and $24 for restructuring or 
reinstating an installment agreement that is in default. The IRS 
recently completed a review of the installment agreement program and 
determined that the full cost of an installment agreement is $105, and 
the full cost of restructuring or reinstating an installment agreement 
is $45. The proposed regulations reflect these costs, with one 
exception, the fee for entering into an installment agreement paid by 
way of a direct debit from the taxpayer's checking account will be $52, 
to encourage this type of payment arrangement.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-148576-05
Drafting attorney: William Beard (202) 622-4173
Reviewing attorney: Lawrence Schattner (202) 622-3620
CC: PA: CBS

Agency Contact: William Beard, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4173
Fax: 202 622-8882
Email: [email protected]

RIN: 1545-BF69
_______________________________________________________________________




2659. [bull] APPLYING SECTION 1(H) TO CAPITAL GAIN DIVIDENDS OF RIC AND 
REITS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will contain rules determining the 
amounts that a RIC or REIT may designate for various purposes under 
section l(h) and 871(k)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 73752]]

Additional Information: REG-119739-06
Drafting attorney: Sonja Kotlica (202) 622-6295
CC:FI

Agency Contact: Sonja Kotlica, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-6295

RIN: 1545-BF72
_______________________________________________________________________




2660. [bull] MULTIPLE ANNUITY STARTING DATE LIMITATIONS ON BENEFITS 
UNDER QUALIFIED PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805(e)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation would provide guidance with respect 
to determining the annual benefit under a defined benefit plan for the 
purpose of applying the limitations of section 415 in cases where there 
has been more than one annuity starting date.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State, Tribal

Federalism:  This action may have federalism implications as defined in 
EO 13132.

Additional Information: REG-122142-06
Drafting attorneys: Christopher A. Crouch (202) 622-6090 and Linda S. 
Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
CC: TEGE: EB: QP1, Washington, DC 20224
Phone: 202 622-6090
Fax: 202 927-1851
Email: [email protected]

RIN: 1545-BF74
_______________________________________________________________________




2661. [bull] GUIDANCE ON DETERMINATION OF INTEREST EXPENSE ALLOCABLE IN 
A GLOBAL DEALING OPERATION

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805; 26 USC 0882; 26 USC 0861; 26 USC 0864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address guidance on determination of 
interest expense allocable in a global dealing operation; coordination 
of interest expense allocable to global dealing operation with interest 
allocation rules of section 861 and determination of interest deduction 
of foreign corporations under section 882.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125604-06
Drafting attorney: Margaret K. Harris (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC: INTL

Agency Contact: Margaret K. Harris, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-BF76
_______________________________________________________________________




2662. [bull] U.S. SOURCE INCOME EFFECTIVELY CONNECTED WITH U.S. BUSINESS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805; 26 USC 0864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules determining when income from 
stock or securities in the active conduct of a banking financing or 
similar business will be treated as effectively connected with a United 
States business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-125594-06
Drafting attorney: Margaret K. Harris (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Reviewing attorney: Andrew Froberg (202) 622-1779
CC: INTL

Agency Contact: Margaret K. Harris, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-BF77
_______________________________________________________________________




2663. [bull] SOURCE OF INCOME; SOURCE OF GUARANTEE FEE INCOME

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805; 26 USC 0863

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules relating to the source of 
income from financial guarantee fees, letters of credit, and other 
interest equivalents with respect to similar financial instruments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-125599-06

[[Page 73753]]

Drafting Attorney: Margaret K. Harris (202) 622-3870
Reviewing Attorney: Paul S. Epstein (202) 622-3870
Treasury Attorney: Andrew Froberg (202) 622-1779
CC:INTL

Agency Contact: Margaret K. Harris, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-BF78
_______________________________________________________________________




2664. [bull] TAX INCREASE PREVENTION AND RECONCILIATION ACT OF 2005 
AMENDMENTS TO SECTION 199

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 199; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations involving changes made by the Tax 
Increase Prevention and Reconciliation Act of 2005 to the definition of 
W-2 wages and partnership allocations of W-2 wages.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-127819-06
Drafting attorney: Lauren R. Taylor (202) 622-3040
Reviewing attorney: Paul Handleman (202) 622-3040
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI

Agency Contact: Lauren R. Taylor, General Attorney (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 5111, Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753
Email: [email protected]

RIN: 1545-BF79
_______________________________________________________________________




2665. [bull] GUIDANCE UNDER SECTION 67 REGARDING MISCELLANEOUS ITEMIZED 
DEDUCTIONS OF A TRUST OR ESTATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 67

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The guidance will address the application of IRC section 67 
to the permissible itemized deductions of a trust or estate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Organizations

Government Levels Affected: None

Additional Information: REG-128224-06
Drafting attorney: Bradford Poston (202) 622-3060
Reviewing attorney: John T. Hines (202) 622-3060
CC: PSI: 2

Agency Contact: Bradford R. Poston, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5015, Washington, DC 20224
Phone: 202 622-3060
Fax: 703 605-1905
Email: [email protected]

RIN: 1545-BF80
_______________________________________________________________________




2666. [bull] REGULATION TO DELETE THE TORT TYPE RIGHTS TEST FROM THE 
SECTION 104(A)(2) REGULATIONS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 1.104-1(c)

CFR Citation: 26 CFR Part 1

Legal Deadline: NPRM, Statutory, June 30, 2006.

Abstract: These proposed regulations will amend section 1.104(c) of the 
Income Tax Regulations to reflect the amendments made to section 
1.104(a)(2) by sections 1605(a) and (b) of the Small Business Job 
Protection Act of 1996. The regulations are also amended to delete the 
requirement that damages qualify for exclusion from gross income under 
104(a)(2) of the Code only if the legal suit, action, or settlement 
agreement in which the damages are received is based upon tort or tort 
type rights.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-127270-06
Drafting attorney: Sheldon A. Iskow (202) 622-4920
Reviewing attorney: Michael J. Montemurro (202) 622-4920
CC: ITA

Agency Contact: Sheldon A. Iskow, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-4920
Fax: 202 622-6853
Email: [email protected]

RIN: 1545-BF81
_______________________________________________________________________




2667. [bull] GUIDANCE REGARDING SCOPE OF SECTION 368(A)(1)(D)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The IRS is issuing temporary regulations relating to the 
distribution requirement under sections 368(a)(1)(D) and 354(b)(1)(B). 
The text of the regulations also serves as the text of proposed 
regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-125632-06
Drafting attorney: Bruce Decker (202) 622-8039
Reviewing attorney: Lisa Fuller (202) 622-7152
Treasury attorney: Marc Countryman (202) 622-9858

[[Page 73754]]

CC: COR

Agency Contact: Bruce Decker, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-8039
Fax: 202 622-4111
Email: [email protected]

RIN: 1545-BF83
_______________________________________________________________________




2668. [bull] TREATMENT OF PAYMENTS IN LIEU OF TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.141-4(e)(5)

Legal Deadline: None

Abstract: The notice of proposed rulemaking provides that the Internal 
Revenue Service and the Department of Treasury propose to modify the 
standards for treating payments in lieu of taxes as generally 
applicable taxes for purposes of the private security or payment test 
under section 141.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-136806-06
Drafting attorneys: Vassiliki Tsilas (202) 622-3353 and Carla Young 
(202) 622-3419
Reviewing attorney: Rebecca Harrigal (202) 622-3449
Treasury attorney: John Cross (202) 622-1322
CC: TEGE: TEB

Agency Contact: Vassiliki Tsilas, Assistant Branch Chief, TEGE: TEB, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3353

Carla A. Young, Attorney, Department of the Treasury, Internal Revenue 
Service, 1111 Constitution Avenue, NW, Washington, DC 20224
Phone: 202 622-3419

RIN: 1545-BF87
_______________________________________________________________________




2669. [bull] WITHHOLDING AND REPORTING OBLIGATIONS UNDER SECTION 1441 
REGARDING TENDER OFFERS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 1441

Legal Deadline: None

Abstract: The proposed regulations provide guidance for U.S. financial 
institutions to satisfy their withholding, reporting and deposit 
obligations under chapter 3 of the Code with respect to payments made 
to foreign account holders pursuant to a self-tender offer made by a 
publicly traded corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-140206-06
Drafting attorney: Kathryn T. Holman (202) 622-3840
Reviewing attorney: Valerie A. Mark-Lippe (202) 622-3840
CC: INTL

Agency Contact: Kathryn T. Holman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3840

RIN: 1545-BF93
_______________________________________________________________________




2670. [bull] SECTION 181 - DEDUCTION FOR QUALIFIED FILM AND TELEVISION 
PRODUCTION COSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: None

Legal Deadline: None

Abstract: Further guidance under section 181.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-115403-05
Drafting attorney: Bernard P. Harvey (202) 622-3110
Reviewing attorney: Charles B. Ramsey (202) 622-3110
Treasury attorney: Dennis Tingey (202) 622-1335
CC: PSI

Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

Related RIN: Related to 1545-BE95
RIN: 1545-BF94
_______________________________________________________________________




2671. [bull] CIRCULAR 230 - REVIEW OF SECTION 10.35 ET SEQ.

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 330; 5 USC 301; 5 USC 500; 5 USC 551 to 559

CFR Citation: 31 CFR 10.35; 31 CFR 10.36; 31 CFR 10.37; 31 CFR 10.38

Legal Deadline: None

Abstract: Proposed regulations modifying the standards for covered 
opinions and other written advice.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-138367-06
Drafting attorney: Matthew Cooper (202) 622-4940
Reviewing attorney: Brinton Warren (202) 622-7800
Treasury attorney: Anita Soucy (202) 622-1766
CC: PA: APJP: B02

Agency Contact: Matthew S. Cooper, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5135, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF96

[[Page 73755]]

_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Internal Revenue Service (IRS)



_______________________________________________________________________




2672. 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

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                    12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-209013-86 (INTL-44-86)
Drafting attorney: Thomas A. Vidano (202) 435-5265
Reviewing attorney: John M. Breen (202) 435-5265
CC:INTL

Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435-5265

RIN: 1545-AC10
_______________________________________________________________________




2673. 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 under section 6039E 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                    03/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208274-86 (INTL-978-86)
Drafting attorney: Quyen Huynh (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
CC:INTL

Agency Contact: Quyen Huynh, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3880

RIN: 1545-AJ93
_______________________________________________________________________




2674. 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
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209059-89 (INTL-870-89)
Drafting attorney: Theodore Setzer (202) 622-3870
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870
CC:INTL

Agency Contact: Theodore D. Setzer, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-AO24
_______________________________________________________________________




2675. REGISTRATION REQUIRED OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 165

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will finalize all outstanding proposed 
regulations under section 1.163-1(b)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/93                     58 FR 5316
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208245-90 (INTL-115-90)
Drafting attorney: Carl M. Cooper (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
CC:INTL

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

RIN: 1545-AP33
_______________________________________________________________________




2676. STRADDLES---MISCELLANEOUS ISSUES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation clarifies the circumstances in which common 
stock may be personal property for purposes of section 1092.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/02/95                    60 FR 21482
Final Action                    09/00/07

[[Page 73756]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209768-95 (FI-21-95)
Drafting attorney: Mary Brewer (202) 622-3950
Reviewing attorney: Christina Morrison (202) 622-3950
Treasury attorney: Mike Novey (202) 622-1339
CC:FI

Agency Contact: Mary Brewer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3950

RIN: 1545-AT46
_______________________________________________________________________




2677. MARK-TO-MARKET ACCOUNTING FOR DEALERS IN COMMODITIES AND TRADERS 
IN SECURITIES AND COMMODITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 475; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance concerning mark-to-market 
accounting for securities traders and commodities dealers and traders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/28/99                     64 FR 4374
Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104924-98
Drafting attorney: Stephen J. Coleman (202) 622-6289
Reviewing attorney: Elizabeth Handler (202) 622-3920
CC:FI

Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6289

RIN: 1545-AW06
_______________________________________________________________________




2678. STOCKS AND SECURITIES SAFE HARBOR EXCEPTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation clarifies and updates the safe harbor that 
one is not engaged in a trade or business as a result of trading in 
stocks and securities. The amendment will provide additional guidance 
regarding the definitions of stocks and securities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/12/98                    63 FR 32164
Hearing                         09/09/98
NPRM Comment Period End         09/10/98
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106031-98
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
CC:INTL

Agency Contact: Theodore D. Setzer, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-AW13
_______________________________________________________________________




2679. INTERCOMPANY OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides clarification of the tax treatment of 
certain transfers of intercompany obligations by or to a member of a 
consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/98                    63 FR 70354
NPRM Comment Period End         03/22/99
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105964-98
Drafting attorney: Frances L. Kelly (202) 622-7072
Reviewing attorney: Michael J. Wilder (202) 622-3393
Treasury attorney: None
CC: COR

Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7072
Email: [email protected]

Related RIN: Related to 1545-BA11
RIN: 1545-AW30
_______________________________________________________________________




2680. SOURCE OF INCOME FROM CERTAIN SPACE AND OCEAN ACTIVITIES AND FOR 
COMMUNICATIONS INCOME

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 863

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide source rules for income from certain 
space and ocean activities under section 863(d) and communications 
income under section 863(a), (d), and (e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3903
Hearing                         03/01/01                    66 FR 12916
Second NPRM                     09/19/05                    70 FR 54859
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106030-98
Drafting attorney: H. Michael Huynh (202) 435-5265
Reviewing attorney: Anne Shelburne (202) 435-5265
Treasury attorney: Gretchen Sierra (202) 622-1755

[[Page 73757]]

CC:INTL

Agency Contact: H. Michael Huynh, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435-5265

RIN: 1545-AW50
_______________________________________________________________________




2681. CAPITALIZATION OF INTEREST AND CARRYING CHARGES PROPERLY ALLOCABLE 
TO STRADDLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 263; 26 USC 1092

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will clarify the types of payments that may 
be ``interest'' or ``carrying charges'' subject to 26 U.S.C. 263(g), 
clarify the operation of the capitalization rules of 26 U.S.C. 263(g), 
and also clarify what constitutes ``positions'' and ``losses'' subject 
to 26 U.S.C. 1092.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/18/01                     66 FR 4746
NPRM Comment Period End         05/01/01
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105801-00
Drafting attorney: Mary Brewer (202) 622-3950
Reviewing attorney: Christina Morrison (202) 622-3950
Treasury attorney: Mike Novey (202) 622-1339
CC:FI

Agency Contact: Mary Brewer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3950

RIN: 1545-AX92
_______________________________________________________________________




2682. AUTHORIZED PLACEMENT AGENCY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 152

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation amends the definition of ``authorized 
placement agency'' (for purposes of determining whether a child placed 
for legal adoption in a taxpayer's home is a dependent of the taxpayer) 
to include biological parents and other persons authorized by State law 
to place children for legal adoption.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/30/00                    65 FR 71277
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107279-00
Drafting attorney: Victoria Driscoll (202) 622-4920
Reviewing attorney: Donna J. Welch (202) 622-4920
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA

Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920
Fax: 202 622-6853

RIN: 1545-AY18
_______________________________________________________________________




2683. GUIDANCE ON CHANGES TO THE LAWS FOR CORPORATE ESTIMATED TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6655

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The proposed regulations provide guidance for corporations to 
compute their estimated tax liabilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/12/05                    70 FR 73393
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107722-00
Drafting attorney: Joseph Dewald (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
Treasury attorney: Sharon Kay (202) 622-0865
CC:PA:APJ

Agency Contact: Joseph P. Dewald, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-AY22
_______________________________________________________________________




2684. HIPAA GENERAL NONDISCRIMINATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 54

Legal Deadline: None

Abstract: These regulations provide guidance regarding the requirements 
imposed on group health plans not to discriminate in rules for 
eligibility under the plan on the basis of any health factor, and not 
to require any individual to pay a higher premium or contribution for 
coverage under the plan than any similarly situated individual based on 
any health factor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1435
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114082-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawshunsky (202) 622-6000
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224

[[Page 73758]]

Phone: 202 622-6080

RIN: 1545-AY32
_______________________________________________________________________




2685. HIPAA NONDISCRIMINATION EXCEPTION FOR CHURCH PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7853

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on the exception for 
certain grandfathered church plans from the general rule requiring 
group health plans not to discriminate in rules for eligibility on the 
basis of any health factor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/10/01                     66 FR 1437
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114083-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawnshunsky (202) 622-6000
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AY33
_______________________________________________________________________




2686. HIPAA NONDISCRIMINATION EXCEPTION FOR BONA FIDE WELLNESS PROGRAMS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance regarding the exception 
for certain wellness programs to the general rule imposed on group 
health plans not to require a higher premium or contribution from an 
individual than from a similarly situated individual based on any 
health factor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/01                     66 FR 1421
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114084-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawnshunsky (202) 622-6080
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AY34
_______________________________________________________________________




2687. NORMALIZATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 167; 26 USC 168; 26 USC 46

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations relate to the sale or deregulation of 
generation assets.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/21/05                    70 FR 75762
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104385-01
Drafting attorney: David Selig (202) 622-3040
Reviewing attorney: Peter Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

Agency Contact: David Selig, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3040

RIN: 1545-AY75
_______________________________________________________________________




2688. REDUCTIONS OF ACCRUALS AND ALLOCATIONS BECAUSE OF INCREASED AGE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 411

CFR Citation: 26 CFR 1

Legal Deadline: Final, Statutory, February 1, 1988.

Abstract: These regulations will prescribe rules regarding the 
requirement that accruals and allocations under qualified retirement 
plans cannot be reduced because of the attainment of any age.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/11/02                    67 FR 76123
Hearing                         04/09/03
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-209500-86
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090

Related RIN: Related to 1545-BB79
RIN: 1545-BA10

[[Page 73759]]

_______________________________________________________________________




2689. SUSPENSION OF STATUTES OF LIMITATION IN JOHN DOE AND THIRD PARTY 
SUMMONS DISPUTES, AND EXPANSION OF TAXPAYERS' RIGHTS TO RECEIVE NOTICE 
AND SEEK JUDICIAL REVIEW OF THIRD PARTY SUMMONSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7603; 26 USC 7609; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The proposed regulation provides guidance regarding modified 
rules for serving summonses on third party recordkeepers, the broadened 
range of summonses subject to the notice requirements, and the 
suspension of limitations periods when court actions are brought or 
when a summoned third party fails to fully respond to a summons. This 
proposed regulation incorporates the changes enacted in the Internal 
Revenue Service Restructuring and Reform Act of 1998, Omnibus Budget 
Reconciliation Act of 1990, Technical and Miscellaneous Revenue Act of 
1988, and the Tax Reform Act of 1986. This regulation is a continuation 
of the regulation project previously numbered at REG-208225-88.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/21/06                    71 FR 41377
NPRM Comment Period End         10/09/06
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-153037-01
Drafting attorney: Elizabeth D. Rawlins (202) 622-3600
Reviewing attorney: Peter J. Devlin (202) 622-3600
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: CBS

Agency Contact: Elizabeth D. Rawlins, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3600

RIN: 1545-BA31
_______________________________________________________________________




2690. AMENDMENT TO THE DEFINITION OF REFUNDING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will amend the definition of a refunding 
issue applicable to tax-exempt bonds issued by State and local 
governments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/02                    67 FR 17309
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG-165706-01
Drafting attorney: Vicky Tsilas (202) 622-3980
Reviewing attorney: Timothy L. Jones (202) 622-3701
Treasury attorney: John Cross (202) 622-1322
CC: TEGE: TEB

Agency Contact: Vassiliki Tsilas, Assistant Branch Chief, TEGE: TEB, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3353

RIN: 1545-BA46
_______________________________________________________________________




2691. NONCOMPENSATORY PARTNERSHIP OPTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704; 26 USC 721; 26 USC 761; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will describe the tax treatment of 
noncompensatory partnership options.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/22/03                     68 FR 2930
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103580-02
Drafting attorneys: Joy Spies and Donnell Rini-Swyers (202) 622-3050
Reviewing attorney: Audrey W. Ellis (202) 622-3050
CC: PSI

Agency Contact: Joy Spies, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3050

Donnell M. Rini-Swyers, Attorney, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224
Phone: 202 622-3050

RIN: 1545-BA53
_______________________________________________________________________




2692. CIRCULAR 230--PHASE 2 NONSHELTER REVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 330

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations propose amendments to the rules governing 
practice before the Internal Revenue Service.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/19/02                    67 FR 77724
NPRM                            02/08/06                     71 FR 6421
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122380-02
Drafting attorney: Matthew Cooper (202) 622-4940
Reviewing attorney: Richard S. Goldstein (202) 622-7820
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

Agency Contact: Matthew S. Cooper, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5135, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585

[[Page 73760]]

Email: [email protected]

RIN: 1545-BA72
_______________________________________________________________________




2693. SECTION 1248 ATTRIBUTION PRINCIPLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the manner in which earnings and 
profits are attributed to shares under sections 1248 and 367.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/02/06                    71 FR 31985
NPRM Comment Period End         08/31/06
Final Action                    03/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-135866-02
Drafting attorney: Michael I. Gilman (202) 622-3850
Reviewing attorney: Richard L. Chewning (202) 622-3850
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL

Agency Contact: Michael I. Gilman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20024
Phone: 202 622-3850

RIN: 1545-BA93
_______________________________________________________________________




2694. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704(b); 26 USC 703(b)(3); 26 USC 702(a)(b); 26 
USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on how foreign tax 
expenditures must be allocated to partners under section 704(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/21/04                    69 FR 21454
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139792-02
Drafting attorney: Timothy J. Leska (202) 622-3050
Reviewing attorney: Beverly M. Katz (202) 622-3060
Treasury attorney: Bill Bowers
CC: PSI

Agency Contact: Timothy J. Leska, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3050

Related RIN: Related to 1545-BD70
RIN: 1545-BB11
_______________________________________________________________________




2695. SECTION 482: METHODS TO DETERMINE TAXABLE INCOME IN CONNECTION 
WITH A COST SHARING ARRANGEMENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide additional guidance on cost 
sharing arrangements under section 482.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/29/05                    70 FR 51116
Hearing                         12/16/05                    70 FR 51116
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-144615-02
Drafting attorney: Kenneth P. Christman (202) 435-5265
Reviewing attorney: John M. Breen (202) 435-5266
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

Agency Contact: Kenneth P. Christman, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435-5265

RIN: 1545-BB26
_______________________________________________________________________




2696. TREATMENT OF SERVICES UNDER SECTION 482

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These final regulations amend the rules for allocation of 
income and deductions with respect to services between members of a 
group of controlled entities, pursuant to section 482.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/10/03                    68 FR 53447
Second NPRM                     08/04/06                    71 FR 44247
Second NPRM Comment Period End  11/02/06
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-146893-02
Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Carol Tan (202) 
435-5265
Reviewing attorney: John M. Breen (202) 435-5265
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435-5265

Related RIN: Related to 1545-BC52, Related to 1545-AY38
RIN: 1545-BB31

[[Page 73761]]

_______________________________________________________________________




2697. CONTRIBUTIONS TO PURCHASE CERTAIN RETIREMENT ANNUITIES OR 
CUSTODIAL ACCOUNTS UNDER SECTION 403(B)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 403(b); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation would revise and update the current section 
403(b) regulations to reflect the numerous statutory revisions to this 
section of the Internal Revenue Code since these regulations were first 
promulgated in 1964. Section 403(b) concerns the income tax exclusion 
for contributions to purchase certain retirement annuities or custodial 
accounts made for their employees by certain tax-exempt employers or 
State-sponsored educational institutions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/16/04                    69 FR 67075
Hearing                         11/16/04                    69 FR 67084
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: Local, State, Tribal

Additional Information: REG-155608-02
Drafting attorney: John A. Tolleris (202) 622-6060
Reviewing attorney: Cheryl Press (202) 622-6060
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE

Agency Contact: John A. Tolleris, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-6060

Related RIN: Related to 1545-BF35
RIN: 1545-BB64
_______________________________________________________________________




2698. NOTIONAL PRINCIPAL CONTRACTS; CONTINGENT NONPERIODIC PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: These regulations relate to the character and the inclusion 
into income and deduction of contingent nonperiodic payments made 
pursuant to a notional principal contract.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/26/04                     69 FR 8886
NPRM Comment Period End         05/04/04
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-166012-02
Drafting attorney: Kathleen Sleeth (202) 622-3920
Reviewing attorney: Elizabeth Handler (202) 622-3920
Treasury attorney: Viva Hammer (202) 622-0869
CC:FI

Agency Contact: Kathleen Sleeth, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3920

RIN: 1545-BB82
_______________________________________________________________________




2699. REMIC RESIDUALS--TIMING OF INCOME FOR FOREIGN HOLDERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 860G(b); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations cross-reference temporary 
regulations that address transactions in which partnerships with 
foreign partners were being used in an attempt to avoid tax on some 
REMIC excess inclusions. That avoidance would have violated Congress' 
clear intention that excess inclusion income should always produce some 
tax liability. Under the regulations, if a domestic partnership holds 
REMIC residual interests and allocates excess inclusions from those 
interests to foreign partners, the foreign partners' recognition of the 
excess inclusion income is accelerated for purposes of the withholding 
rules, and the partnership is required to withhold on the income, even 
in the absence of distributions of cash or property to the foreign 
partners.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/01/06                    71 FR 43398
NPRM Comment Period End         10/30/06
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-159929-02
Drafting attorney: Arturo Estrada (202) 622-3900
Treasury attorneys: Andrew Froberg (202) 622-1779 and Michael Novey 
(202) 622-1339
CC: FI

Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3900

RIN: 1545-BB84
_______________________________________________________________________




2700. PREDECESSORS OR SUCCESSORS UNDER SECTION 355(E)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 355; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations under section 355(e) set forth whether a 
transferor or a transferee of distributing or controlled assets is a 
predecessor or successor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/22/04                    69 FR 67873
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145535-02
Drafting attorney: Ross E. Poulsen (202) 622-7770
Reviewing attorney: Stephen Fattman (202) 622-7700
CC: COR

[[Page 73762]]

Agency Contact: Ross E. Poulsen, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BB85
_______________________________________________________________________




2701. DEPENDENT CARE CREDIT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 21; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The notice of proposed rulemaking will amend existing but 
partially obsolete regulations under 26 U.S.C. 21 relating to dependent 
care credits.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/24/06                    71 FR 29847
Final Action                    10/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139059-02
Drafting attorney: Sara P. Shepherd (202) 622-4960
Reviewing attorney: William A. Jackson (202) 622-4960
CC:ITA

Agency Contact: Sara P. Shepherd, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
4231, Washington, DC 20224
Phone: 202 622-4960

RIN: 1545-BB86
_______________________________________________________________________




2702. GUIDANCE REGARDING MARK-TO-MARKET VALUATION FOR CERTAIN SECURITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 475; 26 USC 446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 475(a) requires that dealers in securities mark their 
securities to market. If the security is inventory, the dealer must 
include that security at fair market value. Taxpayers must treat any 
security that is not inventory as if it were sold for its fair market 
value on the last business day of the year. While the legal definition 
of the term ``fair market value'' has long been settled, the statute is 
silent as to what valuation methodology should be used to determine 
fair market value of any particular security. Many of the securities 
subject to section 475 raise difficult valuation issues. An advanced 
notice of proposed rulemaking (ANPRM) was issued on May 5, 2003, and 
asked for comments on a possible financial statement-tax conformity 
safe harbor approach for valuing certain securities under section 475 
for which the determination of actual fair market value is 
administratively difficult. On May 24, 2005, a notice of proposed 
rulemaking was issued. The NPRM provided an elective safe harbor for 
dealers in securities, dealers in commodities and traders in securities 
and commodities. The safe harbor permits these taxpayers to make an 
election pursuant to which the values of the positions reported on 
certain financial statements are used as the fair market value of those 
positions for purposes of section 475, if certain conditions are met. 
Those conditions and limitations are to ensure consistency with fair 
market value tax principles. The NPRM also asked for specific comments 
relating to certain aspects of the rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/24/05                    70 FR 29663
NPRM Comment Period End         08/22/05
Public Hearing                  09/15/05
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100420-03
Drafting attorney: Marsha A. Sabin (202) 622-3950 or John W. Rogers 
(202) 622-3950
Reviewing attorney: Robert Williams (202) 622-3960
Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202) 
622-0869
CC: FI

Agency Contact: Marsha A. Sabin, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3950

RIN: 1545-BB90
_______________________________________________________________________




2703. PARTNERSHIP EQUITY FOR SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 721; 26 USC 83; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will describe the tax treatment of 
partnership equity issued in connection with the performance of 
services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/24/05                    70 FR 29675
Public Hearing                  10/05/05                    70 FR 29676
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-105346-03
Drafting attorneys: Joy Spies and Jason T. Smyzcek (202) 622-3050
Reviewing attorney: Audrey W. Ellis (202) 622-3050
Treasury attorney: Matthew Lay (202) 622-1788
CC: PSI

Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3050

Joy Spies, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3050

RIN: 1545-BB92
_______________________________________________________________________




2704. ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

[[Page 73763]]

Legal Deadline: None

Abstract: The regulations provide guidance on the accrual of original 
issue discount on certain REMIC regular interests.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/25/04                    69 FR 52217
Final Action                    09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-108637-03
Drafting attorney: Patrick White (202) 622-3930
Reviewing attorney: Dale Collinson (202) 622-3900
CC:FI

Agency Contact: Patrick E. White, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3920

RIN: 1545-BB94
_______________________________________________________________________




2705. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES 
RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF 
LIEN

Priority: Other Significant

Legal Authority: 26 USC 6320; 26 USC 6330; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: IRS is revising the regulations that apply to Collection Due 
Process (CDP) and equivalent hearings under section 6320 involving 
Federal tax liens.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/16/05                    70 FR 54681
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150088-02
Drafting attorney: Laurence K. Williams (202) 622-3600
Reviewing attorney: Gary D. Gray (202) 622-3600
CC: PA: CBS

Agency Contact: Laurence K. Williams, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3600

Related RIN: Related to 1545-BB97
RIN: 1545-BB96
_______________________________________________________________________




2706. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES 
RELATING TO HEARINGS BEFORE LEVY

Priority: Other Significant

Legal Authority: 26 USC 6330; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: IRS is revising the regulations that apply to Collection Due 
Process (CDP) and equivalent hearings under section 6330 involving 
Federal tax levies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/16/05                    70 FR 54687
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150091-02
Drafting attorney: Laurence K. Williams (202) 622-3600
Reviewing attorney: Gary D. Gray (202) 622-3610
CC: PA: CBS

Agency Contact: Laurence K. Williams, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3600

Related RIN: Related to 1545-BB96
RIN: 1545-BB97
_______________________________________________________________________




2707. ENTRY OF TAXABLE FUEL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: The regulations will provide rules for payment of tax when 
taxable fuel is entered by an unregistered person.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/30/04                    69 FR 45631
Public Hearing                  10/05/04                    69 FR 59572
Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120616-03
Drafting attorney: Celia A. Gabrysh (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Curt Wilson (202) 
622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

Agency Contact: Celia A. Gabrysh, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3130

RIN: 1545-BC08
_______________________________________________________________________




2708. GUIDANCE NECESSARY TO FACILITATE BUSINESS ELECTRONIC FILING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulatory amendments are designed to facilitate 
electronic filing of certain income tax returns and other forms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/19/03                    68 FR 70747
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-116664-01
Drafting attorney: Nathan B. Rosen (202) 622-4910
Reviewing attorney: Pamela Fuller (202) 622-4910
Treasury attorney: Michael Desmond (202) 622-1981

[[Page 73764]]

CC:PA:APJ

Agency Contact: Nathan B. Rosen, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-BC15
_______________________________________________________________________




2709. CHANGES IN COMPUTING DEPRECIATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 446(e) 
regarding changes in computing depreciation or amortization.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/04                       69 FR 42
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126459-03
Drafting attorney: Douglas Kim (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: Dennis Tingey (202) 622-1335
CC:PSI

Agency Contact: Douglas Kim, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

Related RIN: Related to 1545-BC17
RIN: 1545-BC18
_______________________________________________________________________




2710. SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE DISALLOWED 
UNDER SECTION 265(A)(2)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7701; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will address the treatment of interest income 
with respect to an intercompany loan when the source of funds is 
borrowing from a nonmember and there is a disallowance of interest 
expense under section 265(a)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/07/04                    69 FR 25535
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128590-03
Drafting attorney: Frances L. Kelly (202) 622-7072
Reviewing attorney: Michael Wilder (202) 622-3393
CC: COR

Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7072
Email: [email protected]

RIN: 1545-BC23
_______________________________________________________________________




2711. GUIDANCE REGARDING APPLICATION OF SECTION 265(A)(2) AND 246A IN 
TRANSACTIONS INVOLVING RELATED PARTIES, PASS-THROUGH ENTITIES, OR OTHER 
INTERMEDIARIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7701(f); 26 USC 265(a); 26 USC 246A; 26 USC 
7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 7701(f) of the Code provides that the Secretary shall 
prescribe such regulations as may be necessary or appropriate to 
prevent the avoidance of the provisions of the Code that deal with the 
linking of borrowing to investment, or diminishing the risk through the 
use of related persons, pass-through entities, or other intermediaries. 
Section 7701(f) was enacted to authorize the issuance of regulations to 
prevent the avoidance of the purposes of sections 265(a)(2) (which 
disallows interest on indebtedness incurred or continued to purchase or 
carry tax-exempt obligations) and 246A (which reduces the dividends 
received deduction under sections 243, 244, or 245(a)) in proportion to 
the extent that the portfolio stock with respect to which the dividends 
are received is debt-financed) through transactions involving related 
parties, pass-through entities, or other intermediaries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/07/04                    69 FR 25534
NPRM Comment Period End         08/05/04
Final Action                    09/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128572-03
Drafting attorney: David Silber (202) 622-3930
Reviewing attorney: Dale S. Collinson ( 202) 622-3900
Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202) 
622-0869
CC: FI

Agency Contact: David B. Silber, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3930

RIN: 1545-BC24
_______________________________________________________________________




2712. PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 409(p)(7)(A)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance for employee stock 
ownership plans holding stock of a subchapter S corporation concerning 
the prohibition against allocations to disqualified persons under 
section 409(p).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/21/03                    68 FR 43058
NPRM Comment Period End         10/20/03

[[Page 73765]]

Second NPRM                     12/17/04                    69 FR 75492
Second NPRM Comment Period End  03/17/05
Hearing                         04/20/05
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129709-03
Drafting attorney: John T. Ricotta (202) 622-6060
Reviewing attorney: Marjorie Hoffman (202) 622-6060
CC: TEGE

Agency Contact: John T. Ricotta, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6060

Related RIN: Related to 1545-BC33
RIN: 1545-BC34
_______________________________________________________________________




2713. GUIDANCE ON PFIC PURGING ELECTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will provide guidance regarding 
retroactive relief for taxpayers who, in limited circumstances, 
continue to be subject to the PFIC excess distribution regime of 
section 1291 although the foreign corporation in which they own stock 
is no longer treated as a PFIC under section 1298(b)(1) or section 
1297(e).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/08/05                    70 FR 72952
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133446-03
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3840

Related RIN: Related to 1545-BD33
RIN: 1545-BC37
_______________________________________________________________________




2714. QUALIFIED SEVERANCE REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2642(a)(3)(C); 26 USC 7805

CFR Citation: 26 CFR 26

Legal Deadline: None

Abstract: This regulation relates to generation-skipping transfer tax 
consequences of a qualified severance of a trust.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/04                    69 FR 51967
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145987-03
Drafting attorney: Mayer R. Samuels (202) 622-7265
Reviewing attorney: George Masnik (202) 622-3618
Treasury attorney: Catherine Hughes (202) 622-9407
CC: PSI

Agency Contact: Mayer R. Samuels, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3090

Related RIN: Split from 1545-BE70
RIN: 1545-BC50
_______________________________________________________________________




2715. STEWARDSHIP EXPENSES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The current regulations under section 1.861-8(e)(4), titled 
``Stewardship Expenses Attributable to Dividends Received,'' are 
confusing and subject to misuse by taxpayers. In conjunction with the 
proposed services regulations under section 482, it is proposed to 
revise these regulations would be revised to clarify the
parameters of stewardship expenses, thereby demarcating them from 
shareholder activities under section 482 and supportive expenses under 
section 1.861-8T(b)(3).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/04/06                    71 FR 44247
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-138603-03
Drafting attorney: David F. Bergkuist (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3850

Related RIN: Related to 1545-BB31, Related to 1545-AY38
RIN: 1545-BC52
_______________________________________________________________________




2716. QUALIFIED ZONE ACADEMY BONDS; OBLIGATIONS OF STATES AND POLITICAL 
SUBDIVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide for permissible use of proceeds, 
coordinate and make consistent provisions regarding determination of 
credit rate and maturity date. It will provide for remedial action in 
case of change in use of bond proceeds.

[[Page 73766]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/26/04                    69 FR 15747
Public Hearing                  07/21/04
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: Local, State

Additional Information: REG-121475-03
Drafting attorney: Zoran Stojanovic (202) 622-3721
Reviewing attorney: Timothy L. Jones (202) 622-3701
CC: TEGE

Agency Contact: Zoran Stojanovic, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3721

RIN: 1545-BC61
_______________________________________________________________________




2717. GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 707; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance regarding disguised 
sales of partnership interests.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/26/04                    69 FR 68838
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-149519-03
Drafting attorney: Deane M. Burke (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: William Bowers (202) 622-5721
CC:PSI

Agency Contact: Deane M. Burke, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3070

RIN: 1545-BC63
_______________________________________________________________________




2718. SECTION 1045 APPLICATION TO PARTNERSHIPS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on how the capital 
gains rollover provision of section 1045 applies to partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/15/04                    69 FR 42370
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-150562-03
Drafting attorneys: Charlotte Chyr (202) 622-3070 and Jian Grant (202) 
622-3050
Reviewing attorneys: James Quinn (202) 622-3070 and Mary Beth Collins 
(202) 622-3070
Treasury attorney: William Bowers (202) 622-5721
CC:PSI

Agency Contact: Charlotte Chyr, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-3070
Fax: 202 622-4804
Email: [email protected]

Jian Grant, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3050

RIN: 1545-BC67
_______________________________________________________________________




2719. DISCLOSURES TO SUBCONTRACTORS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6103; 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Amending existing regulations on disclosure of returns and 
return information in connection with procurement of property and 
services for tax administration purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/12/05                     70 FR 2076
Final Action                    03/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: Federal, Local, State

Additional Information: REG-148867-03
Drafting attorney: Helene R. Newsome (202) 622-4570
Reviewing attorney: Gerald R. Ryan (202) 622-4570
Treasury attorney: Anita Soucy (202) 622-1766
CC: PA: DPL

Agency Contact: Helene R. Newsome, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4570

RIN: 1545-BC92
_______________________________________________________________________




2720. SOLID WASTE DISPOSAL FACILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 142; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will modify the definition of solid waste 
disposal facility for purposes of section 142(a)(6) of the Internal 
Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/10/04                    69 FR 25856
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 73767]]

Government Levels Affected: Local, State

Additional Information: REG-140492-02
Drafting attorney: Aviva M. Roth (202) 622-3980
Reviewing attorney: Timothy Jones (202) 622-3980
CC: TEGE

Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013, 
Washington, DC 20224
Phone: 202 622-3980
Email: [email protected]

RIN: 1545-BD04
_______________________________________________________________________




2721. PUBLIC INSPECTION OF WRITTEN DETERMINATIONS UNDER SECTION 6110 OF 
THE INTERNAL REVENUE CODE (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This temporary regulation replaces and updates the existing 
regulation to include procedures for the public availability of Chief 
Counsel advice. It also reflects changes to the organizational 
structure of the Internal Revenue Service and Office of Chief Counsel, 
changes to the Code, and technological advances related to the 
electronic availability of Internal Revenue Service documents to the 
public.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113129-98
Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570
Reviewing attorney: Donald Squires (202) 622-4570
Treasury attorney: Anita Soucy (202) 622-1766
CC:PA:DPL

Agency Contact: Deborah C. Lambert-Dean, Attorney-Advisor, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4570

Related RIN: Related to 1545-AX40
RIN: 1545-BD09
_______________________________________________________________________




2722. DUAL CONSOLIDATED LOSS REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1503

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides additional guidance with respect to 
dual consolidated losses under section 1503(d).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/24/05                    70 FR 29868
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-102144-04
Drafting attorney: Christopher L. Trump (202) 622-3840
Reviewing attorney: John Merrick (202) 622-3800
Treasury attorney: David Sotos (202) 622-0851
CC:INTL

Agency Contact: Christopher L. Trump, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3840

RIN: 1545-BD10
_______________________________________________________________________




2723. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: Internal Revenue Code section 7654 contains provisions for 
coordination of U.S. and certain possessions income taxes. 
Specifically, section 7654 provides for ``cover over'' of the net 
collection of taxes imposed under chapter 1 or deducted and withheld 
under chapter 24. Section 7654 of the Internal Revenue Code of 1986 
provides specific rules for cover over with regard to the possessions 
American Samoa and the U.S. Virgin Islands.
Section 7654 of the 1954 Code, as amended in 1972 by Public Law 92-606, 
provides specific rules for cover over with regard to the possessions. 
Guam and the Northern Mariana Islands (NMI). Section 7654 of the 1954 
Code remains applicable to Guam and the NMI because neither of these 
two possessions has an effective implementing agreement with the United 
States, in accordance with the Tax Reform Act of 1986, Public Law 99-
514.
The regulations will provide rules under both the 1954 Code and the 
1986 Code versions of section 7654.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139900-03
Drafting attorney: Javier G. Salinas (202) 435-5262
Reviewing attorney: Ricardo A. Cadenas (202) 435-5262
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL

Agency Contact: Javier G. Salinas, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435-5262

Related RIN: Related to 1545-BC54
RIN: 1545-BD32
_______________________________________________________________________




2724. UNDERPAYMENT FOR QUALIFIED AMENDED RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 73768]]

Abstract: These regulations will revise the definition of ``qualified 
amended return'' in accordance with Notice 2004-38.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/02/05                    70 FR 10062
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-122847-04
Drafting attorney: Laura Urich (202) 622-7022
Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BD40
_______________________________________________________________________




2725. UPDATE OF 415 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations amend the regulations under section 415 of 
the Internal Revenue Code relating to limitations on benefits and 
contributions under qualified plans. Section 415 provides a complex 
series of limits on benefits under defined benefit plans and 
contributions and other additions under defined contribution plans. 
Comprehensive regulations regarding section 415 were last issued in 
1980. These regulations are being proposed to reflect statutory changes 
and guidance items and to clarify certain other issues.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/31/05                    70 FR 31214
Public Hearing                  08/17/05
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-130241-04
Drafting attorney: Vernon Carter (202) 622-6060 and Christopher Crouch 
(202) 622-6090
Reviewing attorney: Linda Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Vernon S. Carter, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6060

Christopher A. Crouch, Attorney Advisor, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, CC: TEGE: EB: 
QP1, Washington, DC 20224
Phone: 202 622-6090
Fax: 202 927-1851
Email: [email protected]

RIN: 1545-BD52
_______________________________________________________________________




2726. GUIDANCE UNDER SECTION 1502; MISCELLANEOUS OPERATING RULES FOR 
SUCCESSOR PERSONS; APPLICABILITY OF SECTION 381

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation addresses certain issues related to complete 
liquidations when more than one group member owns stock of the 
liquidating corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/22/05                     70 FR 8552
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131128-04
Drafting attorney: Amber Cook (202) 622-7530
Reviewing attorney: Marie Milnes-Vasquez (202) 622-7530
CC: COR

Agency Contact: Amber R. Cook, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, Room 5411, 1111 Constitution Avenue 
NW, Washington, DC 20224
Phone: 202 622-7530

RIN: 1545-BD54
_______________________________________________________________________




2727. ASSET TRANSFERS FOLLOWING PUTATIVE REORGANIZATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides amendments to section 1.368-2. The 
amendments address the effect of transfers of the assets or the stock 
of parties to a reorganization pursuant to transactions intended to 
qualify as reorganizations within the meaning of section 368(a) of the 
Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/18/04                    69 FR 51209
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-130863-04
Drafting attorney: Mary W. Lyons (202) 622-7930
Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930
CC: COR

Agency Contact: Mary W. Lyons, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7930

RIN: 1545-BD56

[[Page 73769]]

_______________________________________________________________________




2728. MANDATORY E-FILING FOR FORMS 1120

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011(e); 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: These regulations will provide that certain entities that 
file at least 250 information returns during the calendar year are 
required to file their income tax returns electronically.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/12/05                     70 FR 2075
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-130671-04
Drafting attorney: Michael E. Hara (202) 622-4910
Reviewing attorneys: James Gibbons (202) 622-4910 and Carol Nachman 
(202) 622-4910
CC: PA: APJ

Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-BD65
_______________________________________________________________________




2729. USE OF ELECTRONIC TECHNOLOGIES FOR PROVIDING NOTICES AND 
TRANSMITTING ELECTIONS AND CONSENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 401; PL 106-229, sec 104

CFR Citation: 26 CFR 1; 26 CFR 35; 26 CFR 54

Legal Deadline: None

Abstract: The proposed regulations provide guidance on the permitted 
use of electronic media to provide certain notices to recipients or to 
transmit participant and beneficiary elections or consents with respect 
to employee benefit plans. In general, the proposed regulations would 
affect plan sponsors of and participants and beneficiaries in employee 
benefit plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/14/05                    70 FR 40675
Hearing                         11/02/05
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-138362-04
Drafting attorney: Pamela R. Kinard (202) 622-6060
Reviewing attorney: Lisa Mojri-Azad (202) 622-6060
Treasury attorney: William Bortz (202) 622-1352
CC: TEGE

Agency Contact: Pamela R. Kinard, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8358
Email: [email protected]

RIN: 1545-BD68
_______________________________________________________________________




2730. SECTION 704(B)(2) AND SUBSTANTIALITY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704(b)(2); 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Clarify the substantiality rules under section 1.704-
1(b)(2)(iii) as to the impact of the tax consequences to owners or 
partners on the determination of substantiality.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/18/05                    70 FR 69919
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144620-04
Drafting attorneys: Tim Leska (202) 622-3050
Reviewing attorney: Beverly Katz (202) 622-3060
Treasury attorney: William Bowers (202) 622-5721
CC: PSI

Agency Contact: Timothy J. Leska, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3050

Related RIN: Related to 1545-BB11
RIN: 1545-BD70
_______________________________________________________________________




2731. DYE INJECTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations relate to the diesel fuel and kerosene excise 
tax and reflect changes made by the American Jobs Creation Act of 2004 
(Act) regarding mechanical dye injection systems. Under the Act, diesel 
fuel and kerosene that are to be used in a nontaxable use must be 
indelibly dyed by use of a mechanical dye injection system that 
satisfies the requirements set forth in the regulations. The purpose of 
the regulations is to establish standards for tamper resistant 
mechanical injector dyeing that are reasonable, cost-effective, and set 
levels of security commensurate with the applicable facility.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/26/05                    70 FR 21361
Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-154000-04
Drafting attorney: Deborah Karet (202) 622-3130 and Curt Wilson (202) 
622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

Agency Contact: Deborah Karet, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3130

RIN: 1545-BE04

[[Page 73770]]

_______________________________________________________________________




2732. ELIMINATION OF COUNTRY-BY-COUNTRY REPORTING TO SHAREHOLDERS OF 
FOREIGN TAXES PAID BY REGULATED INVESTMENT COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6031

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will generally eliminate country-by-country 
reporting to shareholders of foreign source income and foreign taxes 
paid by a regulated investment company (RIC). A RIC will continue to 
report this information directly to the IRS. The regulations will 
affect certain RICs that pay foreign taxes and their shareholders.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/06                    71 FR 54598
NPRM Comment Period End         12/18/06
Final Action                    02/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105248-04
Drafting attorney: Susan T. Baker (202) 622-3930
Treasury attorneys: John Harrington (202) 622-0589 and Michael Novey 
(202) 622-1339
CC: FI

Agency Contact: Susan T. Baker, Assistant to the Branch Chief, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW, Washington, DC 20224
Phone: 202 622-3930

RIN: 1545-BE09
_______________________________________________________________________




2733. CIRCULAR 230--COVERED OPINION AMENDMENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 31 USC 330

CFR Citation: 31 CFR 10

Legal Deadline: None

Abstract: These regulations propose amendments to the standards for tax 
opinions related to municipal bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/20/04                    69 FR 75887
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159824-04
Drafting attorney: Matthew Cooper (202) 622-4940
Reviewing attorney: Richard Goldstein (202) 622-3900
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: APJ

Agency Contact: Matthew S. Cooper, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5135, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

Related RIN: Related to 1545-BA70
RIN: 1545-BE13
_______________________________________________________________________




2734. CAPITALIZATION OF AMOUNTS PAID TO REPAIR OR IMPROVE TANGIBLE 
PROPERTY

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will clarify the extent to which taxpayers 
must capitalize expenditures to repair, improve, or rehabilitate 
tangible property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/21/06                    71 FR 48590
NPRM Comment Period End         11/20/06
Final Action                    09/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-168745-03
Drafting attorney: Kimberly L. Koch (202) 622-7739
Reviewing attorney: Robert M. Casey (202) 622-4950
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA

Agency Contact: Kimberly L. Koch, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7739
Fax: 202 622-7241

RIN: 1545-BE18
_______________________________________________________________________




2735. WITHHOLDING EXEMPTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 3402; 26 USC 7805

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: These regulations provide guidance under section 3402(f) of 
the Internal Revenue Code for employers and employees relating to the 
Form W-4, ``Employee's Withholding Allowance Certificate.'' These 
regulations provide rules for the submission of copies of certain 
withholding exemption certificates to the IRS, the notification 
provided to the employer and the employee of the maximum number of 
withholding exemptions permitted, and the use of substitute forms.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/14/05                    70 FR 19721
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-162813-04
Drafting attorney: Margaret A. Owens (202) 622-0047
Reviewing attorney: Janine Cook (202) 622-0047
Treasury attorney: Kevin Knopf (202) 622-2329
CC: TEGE

Agency Contact: Margaret A. Owens, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224

[[Page 73771]]

Phone: 202 622-0047

Related RIN: Related to 1545-BE21
RIN: 1545-BE20
_______________________________________________________________________




2736. GUIDANCE UNDER SUBPART F RELATING TO PARTNERSHIPS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations provide guidance for determining 
that a CFC's distributive share of partnership income will qualify for 
the exception contained in section 954(i).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/06                     71 FR 2496
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106418-05
Drafting attorney: Kate Y. Hwa (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
Treasury attorney: John Harrington (202) 622-0589
CC: INTL

Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3840

RIN: 1545-BE34
_______________________________________________________________________




2737. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS 
CREATION ACT OF 2004 (AJCA) (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1301; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The project will amend the farm income averaging regulations 
under section 1.1301-1 to include the concept of fishing business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-161695-04
Drafting attorney: Amy J. Pfalzgraf (202) 622-4950
Treasury attorney: John Parcell (202) 622-2578
CC: ITA

Agency Contact: Amy J. Pfalzgraf, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4950

Related RIN: Related to 1545-BE23
RIN: 1545-BE39
_______________________________________________________________________




2738. DISREGARDED ENTITIES AND COLLECTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Amending the regulations governing disregarded entities so 
that certain State law entities that currently are disregarded for all 
Federal tax purposes will be treated as entities separate from their 
owners in collecting and administering Federal employment and certain 
excise taxes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/18/05                    70 FR 60475
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-114371-05
Drafting attorney: Brenda Mallinak (202) 622-3070
Reviewing attorney: Mary Beth Collins (202) 622-3070
CC: PSI

Agency Contact: Brenda Mallinak, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-3070

RIN: 1545-BE43
_______________________________________________________________________




2739. REGULATIONS UNDER SECTION 263A REGARDING USE OF SIMPLIFIED SERVICE 
COST METHOD AND SIMPLIFIED PRODUCTION METHOD

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 263A; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Application of simplified service cost method and simplified 
production method to self-constructed assets.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/03/05                    70 FR 44535
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-121584-05
Drafting attorney: Scott H. Rabinowitz (202) 622-4970
CC:ITA

Agency Contact: Scott H. Rabinowitz, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4970

Related RIN: Related to 1545-BE61
RIN: 1545-BE57
_______________________________________________________________________




2740. ASSUMPTION OF LIABILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Special rules for assumption of liabilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/26/05                    70 FR 30380
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 73772]]

Additional Information: REG-106736-00
Drafting attorney: Douglas Bates (202) 622-7550
Reviewing attorney: T. Ian Russell (202) 622-7550
CC: COR

Agency Contact: Douglas C. Bates, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7550
Fax: 202 622-4111
Email: [email protected]

Related RIN: Related to 1545-AX93
RIN: 1545-BE67
_______________________________________________________________________




2741. DEFERRED COMPENSATION (PROPOSED)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 409 A

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Proposed regulations that reflect the enactment of section 
885 of the American Jobs Creation Act of 2004.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/04/05                    70 FR 57930
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-158080-04
Drafting attorney: Stephen Tackney (202) 622-6030
CC: TEGE

Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
4030, Washington, DC 20224
Phone: 202 622-6030
Fax: 202 622-7865
Email: [email protected]

RIN: 1545-BE79
_______________________________________________________________________




2742. REMIC RESIDUALS--FOREIGN HOLDERS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary regulations address transactions in which 
partnerships with foreign partners were being used in an attempt to 
avoid tax on some REMIC excess inclusions. That avoidance would have 
violated Congress' clear intention that excess inclusion income should 
always produce some tax liability. Under the regulations, if a domestic 
partnership holds REMIC residual interests and allocates excess 
inclusions from those interests to foreign partners, the foreign 
partners' recognition of the excess inclusion income is accelerated for 
purposes of the withholding rules, and the partnership is required to 
withhold on the income, even in the absence of distributions of cash or 
property to the foreign partners.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final and Temporary Rules       08/01/06                    71 FR 43363
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159929-02
Drafting attorney: Arturo Estrada (202) 622-3900
Treasury attorney: Andrew Froberg (202) 622-1779
CC: FI

Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3900

RIN: 1545-BE81
_______________________________________________________________________




2743. TREATMENT OF EXCESS LOSS ACCOUNTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules for allocation of basis of 
member stock in connection with certain intragroup transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/26/06                     71 FR 4319
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-138879-05
Drafting attorney: Theresa M. Kolish (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
CC: COR

Agency Contact: Theresa M. Kolish, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5408, Washington, DC 20224
Phone: 202 622-7530
Fax: 202 622-7556
Email: [email protected]

RIN: 1545-BE87
_______________________________________________________________________




2744. GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY FORMER 
SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7874

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance under section 
7874(c)(2). Section 7874(a)(2)(B) provides that a foreign corporation 
will be a surrogate foreign corporation, if among other requirements, 
60 percent of the stock of the entity is owned by former shareholders 
or partners of the domestic entity by reason of their holding an 
interest in the domestic entity. Section 7874(c)(2) states that in 
determining ownership under section 7874(a)(2)(B)(ii) stock held by 
members of the expanded affiliated group is disregarded.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/28/05                    70 FR 76732
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 73773]]

Government Levels Affected: None

Additional Information: REG-143244-05
Drafting attorney: John J. Merrick (202) 622-3810
Reviewing attorney: Milton Cahn (202) 622-3810
CC: INTL

Agency Contact: John J. Merrick, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3810

Related RIN: Related to 1545-BE94
RIN: 1545-BE93
_______________________________________________________________________




2745. CAPITAL COSTS INCURRED TO COMPLY WITH EPA SULFUR REGULATIONS 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 179B of the 
Internal Revenue Code relating to EPA sulfur.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-143453-05
Drafting attorney: Douglas Kim (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

Agency Contact: Douglas Kim, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

Related RIN: Related to 1545-BE96
RIN: 1545-BE97
_______________________________________________________________________




2746. APPLICATION OF SECTION 338 TO INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 338; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations dealing with guidance of selected 
issues concerning the application of section 338 to insurance 
companies. These rules will address the determination of the amount of 
the ceding commission required to be capitalized under section 848 and 
amortized under section 197 in connection with the deemed asset sale, 
and the effect of reserve increases by new target after the deemed 
asset sale. These rules will be incorporated by reference in final 
regulations, and will be issued concurrently with those final 
regulations (RIN 1545-AY49).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/06                    71 FR 18053
NPRM Comment Period End         07/10/06
Final Action                    07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-146384-05
Drafting attorney: Mark J. Weiss (202) 622-7790
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR

Agency Contact: Mark Weiss, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7790

Related RIN: Related to 1545-AY49
RIN: 1545-BF02
_______________________________________________________________________




2747. DESIGNATED ROTH ACCOUNTS UNDER SECTION 402A

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Taxation of distributions from designated Roth accounts in 
qualified cash or deferred arrangements under IRC 401(K).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/26/06                     71 FR 4320
NPRM Comment Period End         04/26/06
Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-146459-05
Drafting attorney: Linda L. Conway (202) 622-6090
Reviewing attorney: Cathy Vohs (202) 622-6090 and Lisa Mohiri-Azad 
(202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Linda L. Conway, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090

Related RIN: Related to 1545-BF05
RIN: 1545-BF04
_______________________________________________________________________




2748. ELECTION TO EXPENSE CERTAIN REFINERIES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 179C

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide guidance under section 179C of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Additional Information: REG-146895-05
Drafting attorney: Ruba Nasrallah (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Drafting attorney: John Parcell (202) 622-2578

[[Page 73774]]

CC: PSI

Agency Contact: Ruba Nasrallah, General Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW, 
Washington, DC 20224
Phone: 202 622-3110

Related RIN: Related to 1545-BF05
RIN: 1545-BF06
_______________________________________________________________________




2749. NUCLEAR DECOMMISSIONING COSTS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Temporary regulations under the Energy Tax Incentives Act of 
2005 concerning nuclear decommissioning costs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147290-05
Drafting attorney: Bernard P. Harvey (202) 622-3110
Reviewing attorney: Peter C. Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

Related RIN: Related to 1545-BF08
RIN: 1545-BF09
_______________________________________________________________________




2750. CHARITABLE CONTRIBUTIONS OF CERTAIN MOTOR VEHICLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 170 (f)(12); 26 USC 6720

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will clarify the rules for determining the 
fair market value of a vehicle contributed to charity. The regulations 
will provide rules for implementing the new laws, which govern the 
requirements for claiming a charitable contribution deduction for a 
donated vehicle, and impose penalties under certain circumstances on 
donee organizations (26 USC 170(f)(12) and 6720).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-143755-05
Drafting attorney: Patricia M. Zweibel (202) 622-5020
Reviewing attorney: Karin Gross (202) 622-5020
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA

Agency Contact: Patricia Zweibel, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC 
20224
Phone: 202 622-5020

Related RIN: Related to 1545-BF29
RIN: 1545-BF10
_______________________________________________________________________




2751. CLEAN RENEWABLE ENERGY BONDS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: PL 109-58, sec 1303(d); 26 USC 54

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Section 54 of the Code allows certain specified entities to 
issue Clean Renewable Energy Bonds. Taxpayers who purchase these bonds 
are entitled to a credit against income tax in lieu of receiving 
interest payments from the Clean Renewable Energy Bond issuers. These 
regulations explain the requirements for issuing the bonds and for 
claiming the tax credit.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Local, State, Tribal

Additional Information: REG-148071-05
Drafting attorney: Aviva M. Roth (202) 622-3980
Reviewing attorney: Timothy L. Jones (202) 622-1380
Treasury attorney: John Cross (202) 622-1322
CC: TEGE

Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013, 
Washington, DC 20224
Phone: 202 622-3980
Email: [email protected]

Related RIN: Related to 1545-BF11
RIN: 1545-BF12
_______________________________________________________________________




2752. CREDIT FOR PRODUCTION FROM ADVANCED NUCLEAR POWER FACILITIES 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 45J

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Temporary regulations will provide guidance for 
implementation of new section 45J; in particular, regulations will 
provide a certification process for approval and allocation of the 
National Megawatt Limitation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            03/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-157616-05
Drafting attorney: Patrick S. Kirwan (202) 622-3110
Reviewing attorney: Peter Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

[[Page 73775]]

Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

Related RIN: Related to 1545-BF19
RIN: 1545-BF20
_______________________________________________________________________




2753. SUBCHAPTER S BANKS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1363; 26 USC 7805

CFR Citation: None

Legal Deadline: None

Abstract: Application of special bank rules under section 1363 to S 
corporation and QSub banks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/18/06                    71 FR 50007
NPRM Comment Period End         11/22/06
Final Action                    04/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-158677-05
Drafting attorney: Laura C. Fields (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050
Treasury attorney: Michael Novey (202) 622-1339
CC: PSI

Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3050

RIN: 1545-BF24
_______________________________________________________________________




2754. REVISION OF REGULATIONS TO COMPLY WITH COMMISSIONER'S E-FILE 
PROGRAM

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulations will revise a number of regulations that 
present impediments to e-filing.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/30/06                    71 FR 30591
NPRM Comment Period End         08/28/06
Final Action                    07/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-161919-05
Drafting attorney: Grid R. Glyer (202) 622-7930
Reviewing attorneys: Theresa Abell (202) 622-7700, Marc Countryman 
(202) 622-7530, and Steve Hankin (202) 622-7930
CC: COR

Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7930

Related RIN: Related to 1545-BF26
RIN: 1545-BF25
_______________________________________________________________________




2755. REVISION OF REGULATION TO COMPLY WITH THE COMMISSIONER'S E-FILE 
PROGRAM (TEMPORARY)

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The project will revise a number of regulations that present 
impediments to e-filing. It will also contain proposed regulations 
under section 1561.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-161919-05
Drafting attorney: Grid R. Glyer (202) 622-7930
Reviewing attorneys: Theresa Abell (202) 622-7700, and Marc Countryman 
(202) 622-7530, and Steve Hankin (202) 622-7930
CC: COR

Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7930

Related RIN: Previously reported as 1545-BF25
RIN: 1545-BF26
_______________________________________________________________________




2756. CHARITABLE CONTRIBUTIONS OF QUALIFIED VEHICLES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 170(f)(12); 26 USC 6720

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This temporary regulation will set forth temporary rules 
governing the charitable contribution deduction allowed for 
contribution of certain vehicles for which a value of more than $500 is 
claimed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-143755-05
Drafting attorney: Patricia M. Zweibel (202) 622-5020
Reviewing attorney: Karin Gross (202) 622-5020
Treasury attorney: Eric San Juan (202) 622-0224
CC:ITA

Agency Contact: Patricia Zweibel, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC 
20224
Phone: 202 622-5020

Related RIN: Related to 1545-BF10
RIN: 1545-BF29

[[Page 73776]]

_______________________________________________________________________




2757. SECTION 3121(A)(5)(D) REGULATION (SALARY REDUCTION AGREEMENT) 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6302

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: The temporary regulation defines the term ``salary reduction 
agreement'' within the meaning of section 3121(a)(5)(D) as a plan or 
arrangement whereby payment will be made by an employer to an annuity 
described in section 403(b) if an employee elects to reduce his 
compensation or if an employee agrees as a condition of employment to 
make a mandatory contribution that reduces his compensation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions, Organizations

Government Levels Affected: Local, State

Additional Information: REG-155608-02
Drafting attorney: John A. Tolleris (202) 622-6060
Reviewing attorney: Cheryl E. Press (202) 622-6060
CC:TEGE

Agency Contact: John A. Tolleris, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-6060

Related RIN: Previously reported as 1545-BB64
RIN: 1545-BF35
_______________________________________________________________________




2758. ACCURACY-RELATED PENALTIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6662A; 26 USC 6662; 26 USC 6664; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations regarding the new provisions and 
amendments made to code sections 6662, 6662A, and 6664 by the American 
Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-160870-04
Drafting attorney: Laura R. Urich (202) 622-4940
Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorney: Mike Desmond (202) 622-1981
CC: PA: APJ

Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF41
_______________________________________________________________________




2759. [bull] REGULATIONS UNDER SECTIONS 501(C)(3) AND 4958 ON REVOCATION 
STANDARDS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1.501(c)(3)-1(d)(1)(ii)(a); 26 CFR 1.501(c)(3)-
1(g); 26 CFR 53.4958-2(a)(6)

Legal Deadline: None

Abstract: Final regulations will clarify the substantive requirements 
for tax exemption under section 501(c)(3) and the relationship between 
those requirements and the imposition of excise taxes under section 
4958.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      03/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-111244-05
Drafting attorney: Galina V. Kolomietz (202) 622-6070
Reviewing attorney: Paul Accettura (202) 622-8464
Treasury attorneys: Eric San Juan (202) 622-0224 and Susan Brown (202) 
622-0999
CC: TEGE

Agency Contact: Galina V. Kolomietz, General Attorney, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 4408, Washington, DC 20024
Phone: 202 622-6070
Fax: 202 622-1036

RIN: 1545-BF44
_______________________________________________________________________




2760. [bull] APPLICATION OF SEPARATE LIMITATIONS TO DIVIDENDS FROM 
NONCONTROLLED SECTION 902 CORPORATION (TEMPORARY)

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805; 26 USC 904(d)(6)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The American Jobs Creation Act of 2004 amended the foreign 
tax credit limitation rules under section 904(d) and extended 
lookthrough treatment to dividends paid by a 10/50 lookthrough 
corporation, generally effective retroactively for tax years beginning 
after December 31, 2002. The Gulf Opportunity Zone Act of 2005 permits 
taxpayers to elect to defer the effective date of the AJCA amendments 
to tax years beginning after December 31, 2004. These regulations would 
provide guidance needed to comply with these changes, including 
transition rules for dividends paid by a 10/50 lookthrough corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/25/06                    71 FR 24516
NPRM Comment Period End         07/24/06
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144784-02
Drafting attorney: Ginny Y. Chung (202) 622-3850
Reviewing attorney: Barbara Felker (202) 622-3850

[[Page 73777]]

CC: INTL

Agency Contact: Ginny Y. Chung, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3850

Related RIN: Related to 1545-BB28
RIN: 1545-BF46
_______________________________________________________________________




2761. [bull] SECTION 1221(A)(4) CAPITAL ASSET EXCLUSION FOR ACCOUNTS AND 
NOTES RECEIVABLE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This final rule will clarify when accounts or notes 
receivable are treated as acquired for services rendered within the 
meaning of IRC section 1221(a)(4). The notice of proposed rulemaking 
would provide than an account or note receivable is not described in 
section 1221(a)(4) if, in exchange for the account or note receivable, 
the taxpayer provides more than de minimis consideration other than 
services and property described in section 1221(a)(1) or the account or 
note receivable is issued by someone other than the party acquiring the 
services or property described in section 1221(a)(1).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/07/06                    71 FR 40600
NPRM Comment Period End         11/06/06
Final Action                    07/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-109367-06
Drafting attorney: Kevin S. Brown (202) 622-3920
Reviewing attorneys: Patrick E. White (202) 622-4329 and Dale Collinson 
(202) 622-4502
Treasury attorney: Michael Novey (202) 622-1339
CC: FI

Agency Contact: Kevin Scott Brown, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Financial Institutions and Products, Branch 1, Room 3539, Washington, 
DC 20224
Phone: 202 622-3920

RIN: 1545-BF52
_______________________________________________________________________




2762. [bull] COMPUTER SOFTWARE UNDER SECTION 199(C)(5)(B)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 199; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Guidance regarding the deduction for income attributable to 
domestic production activities under Section 199 as applied to the 
production of computer software.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/01/06                    71 FR 31128
NPRM Comment Period End         08/30/06
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111578-06
Drafting attorney: Lauren Ross Taylor (202) 622-3040
Reviewing attorney: Paul F. Handleman (202) 622-3040
Treasury attorney: Dennis Tingey (202) 622-1335
CC: PSI

Agency Contact: Lauren R. Taylor, General Attorney (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 5111, Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753
Email: [email protected]

Related RIN: Related to 1545-BE33
RIN: 1545-BF56
_______________________________________________________________________




2763. [bull] SECTION 6707 AND THE FAILURE TO FURNISH INFORMATION 
REGARDING REPORTABLE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.6707-1; 26 CFR 1.6091-1

Legal Deadline: None

Abstract: Temporary regulations regarding the imposition of penalities 
under section 6707 of the Internal Revenue Code on material advisors 
who fail to file a return under section 6111(a) or file false or 
incomplete information with respect to a reportable transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-160872-04
Drafting attorney: Matthew S. Cooper (202) 622-8445
Reviewing attorney: Ashton Trice (202) 622-4940
CC: PA: APJ

Agency Contact: Matthew S. Cooper, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5135, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF60
_______________________________________________________________________




2764. [bull] SECTION 6707A AND THE FAILURE TO INCLUDE ON ANY RETURN OR 
STATEMENT ANY INFORMATION REQUIRED TO BE DISCLOSED UNDER SECTION 6011 
WITH RESPECT TO A REPORTABLE TRANSACTION.

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301.6707-1

Legal Deadline: None

Abstract: Temporary regulations regarding the imposition of penalities 
under section 6707A of the Internal Revenue Code for the failure to 
include on any return or statement any information required to be 
disclosed under section 6011 with respect to a reportable transaction.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/00/07

Regulatory Flexibility Analysis Required: No

[[Page 73778]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-160868-04
Drafting attorney: Dillon J. Taylor (202) 622-4940
Reviewing attorney: Ashton Trice (202) 622-4940
CC: PA: APJ

Agency Contact: Dillon Taylor, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Room 5127, 
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

Related RIN: Related to 1545-BF61
RIN: 1545-BF62
_______________________________________________________________________




2765. [bull] REVISIONS TO REGULATIONS RELATING TO REPEAL OF TAX ON 
INTEREST OF NONRESIDENT, ALIEN, INDIVIDUALS AND FOREIGN CORPORATIONS 
RECEIVED FROM CERTAIN PORTFOLIO DEBT INSTRUMENTS.

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 871; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Clarifies that the ten percent shareholders test for 
portfolio interest is applied at the partner level, when interest is 
received by a partnership, and at the beneficiary of owner level, when 
interest is received by a simple or grantor trust.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/12/06                    71 FR 34047
NPRM Comment Period End         08/14/06
Final Action                    06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-118775-06
Drafting attorney: Jason Kleinman (202) 622-3840
CC: INTL

Agency Contact: Jason Kleinman, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3840

RIN: 1545-BF64
_______________________________________________________________________




2766. [bull] CLARIFICATION OF SECTION 6411 REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6411

CFR Citation: 26 CFR 1.6411-2T; 26 CFR 1.6411-3T

Legal Deadline: None

Abstract: These temporary regulations clarify that, after being 
computed under the terms of the section 1.6411-2 regulations, a 
tentative carryback adjustment may be reduced under section 1.6411-3 by 
unassessed amounts. In order to account for the IRS's current 
organizational structure, the proposed regulations removes the titles 
district director and service center director throughout.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-118886-06
Drafting attorney: Cynthia A. McGreevy (202) 622-4910
Reviewing attorneys: Pamela Fuller (202) 622-3600 and Curtis Wilson 
(202) 622-7800
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: APJ

Agency Contact: Cynthia A. McGreevy, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910
Fax: 202 927-9248
Email: [email protected]

RIN: 1545-BF66
_______________________________________________________________________




2767. [bull] UNITED STATES DOLLAR APPROXIMATE SEPARATE TRANSACTIONS 
METHOD

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 989(c)

CFR Citation: 26 CFR 1; 26 CFR 985-3

Legal Deadline: None

Abstract: This regulation revises Treasury Regulation Section 1.985-
3(d). The regulation will provide the translation rates that must be 
used when translating into dollars certain items and amounts 
transferred by a qualified business unit to its home office or parent 
corporation for purposes of computing dollar approximate separate 
transactions method (DASTM) gain or loss.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/13/06                    71 FR 39604
NPRM Comment Period End         10/11/06
Final Action                    07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-118897-06
Drafting attorney: Sheila N. Ramaswamy (202) 622-3870
Reviewing attorney: Jeffrey Dorfman (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL

Agency Contact: Sheila Ramaswamy, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-BF67
_______________________________________________________________________




2768. [bull] REPORTING RULES FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will amend TD 9241 published in the Federal 
Register on January 24, 2006 providing reporting rules for widely held 
fixed investment trusts.

[[Page 73779]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM by XREF to TEMP            08/03/06                    71 FR 43998
NPRM Comment Period End         10/02/06
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125071-06
Drafting attorney: Faith Colson (202) 622-3060
Reviewing attorney: J. Thomas Hines (202) 622-3060
Treasury attorney: Viva Hammer (202) 622-0869
CC: PSI

Agency Contact: Faith Colson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3060

Related RIN: Related to 1545-BF86
RIN: 1545-BF75
_______________________________________________________________________




2769. [bull] RETURN REQUIRED BY SUBCHAPTER T COOPERATIVES UNDER SECTION 
6012

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR part 1

Legal Deadline: None

Abstract: This regulation will prescribe the form that cooperatives 
must use to file their income tax returns.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    07/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-149436-04
Drafting attorney: Matthew P. Howard (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
CC: PA: APJ

Agency Contact: Matthew P. Howard, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5533, Washington, DC 20024
Phone: 202 622-4910

RIN: 1545-BF82
_______________________________________________________________________




2770. [bull] SOURCE RULES INVOLVING U.S. POSSESSIONS AND OTHER 
CONFORMING CHANGES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 937(b); 26 USC 7654(e); 26 USC 7805

CFR Citation: 26 CFR 1.931-1; 26 CFR 1.932-1; 26 CFR 1.933-1; 26 CFR 
1.934-1; 26 CFR 1.935-1; 26 CFR 1.937-2; 26 CFR 1.937-3

Legal Deadline: None

Abstract: The section 937 regulations provide rules for determining 
when income is considered to be from sources within a U.S. possession 
and whether income is effectively connected with the conduct of a trade 
or business within a U.S. possession. Regulations under sections 931 
through 935 provide rules relating to specific U.S. possessions. In 
addition, these regulations will make conforming changes to regulations 
under related sections concerning or cross-referencing the possessions 
provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-133712-06
Drafting attorney: John David Varley (202) 435-5165
Reviewing attorney: Douglas Giblen (202) 435-5146
Treasury attorney: Gretchen Sierra (202) 622-1755
CC: INTL

Agency Contact: John David Varley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435-5262

Related RIN: Related to 1545-BC86, Related to 1545-BE22
RIN: 1545-BF85
_______________________________________________________________________




2771. [bull] REPORTING RULES FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 671

CFR Citation: 26 CFR 1.671-5

Legal Deadline: None

Abstract: This regulation will amend TD 9241 published in the Federal 
Register on January 24, 2006 providing reporting rules for widely held 
fixed investment trusts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Completed by 
TD 9279                         08/03/06                    71 FR 43968
Interim Final Rule Comment 
Period End                      10/02/06
Final Action                    01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125071-06
Drafting attorney: Faith Colson (202) 622-3060
Reviewing attorney: J. Thomas Hines (202) 622-3060
Treasury attorney: Viva Hammer (202) 622-0869
CC: PSI

Agency Contact: Faith Colson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3060

Related RIN: Related to 1545-BF75
RIN: 1545-BF86
_______________________________________________________________________




2772. [bull] TAX INCREASE PREVENTION AND RECONCILIATION ACT OF 2005 
AMENDMENTS TO SECTION 199

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 199

CFR Citation: 26 CFR 1.199-3T; 26 CFR 1.199-5T; 26 CFR 1.1997T; 26 CFR 
1.1998T

Legal Deadline: None

Abstract: These temporary regulations provide guidance on the Tax 
Increase

[[Page 73780]]

Prevention and Reconciliation Act of 2005 amendments to Section 199.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-127819-06
Drafting attorney: Lauren Ross Taylor (202) 622-3040
Reviewing attorney: Paul F. Handleman (202) 622-3040
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI

Agency Contact: Lauren R. Taylor, General Attorney (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 5111, Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753
Email: [email protected]

Related RIN: Related to 1545-BF79
RIN: 1545-BF88
_______________________________________________________________________




2773. [bull] RULES UNDER SECTION 302 OF THE KATRINA EMERGENCY TAX RELIEF 
ACT OF 2005

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 801 (PL 104-121); 26 USC 7805

CFR Citation: 26 CFR 1.9300-1

Legal Deadline: None

Abstract: This regulation will provide rules relating to the $500 
deduction from taxable income allowed under section 302 of the Katrina 
Emergency Tax Relief Act of 2005 (KETRA) to individuals for housing a 
Hurricane Katrina displaced individual.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-152043-05
Drafting attorney: Marnette Myers (202) 622-4920
Reviewing attorney: Michael Montemurro (202) 622-4920
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA

Agency Contact: Marnette M. Myers, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
4241, Washington, DC 20224
Phone: 202 622-4920
Fax: 703 605-1753
Email: [email protected]

Related RIN: Related to 1545-BF14
RIN: 1545-BF89
_______________________________________________________________________




2774. [bull] SECTION 181 - DEDUCTION FOR QUALIFIED FILM AND TELEVISION 
PRODUCTION COSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: None

Legal Deadline: None

Abstract: Further guidance under section 181.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-115403-05
Drafting attorney: Bernard P. Harvey (202) 622-3110
Reviewing attorney: Charles B. Ramsey (202) 622-3110
Treasury attorney: Dennis Tingey (202) 622-1335
CC: PSI

Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3110

Related RIN: Related to 1545-BF94
RIN: 1545-BF95
_______________________________________________________________________


Department of the Treasury (TREAS)                    Long-Term Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2775. FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS RECEIVED, 
DEDUCTION, AND OTHER SPECIAL RULES FOR FSC

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/03/87                     52 FR 6467
NPRM Comment Period End         05/02/87


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Carol Tan
Phone: 202 435-5265

RIN: 1545-AI16
_______________________________________________________________________




2776. FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/16/86                    51 FR 17990
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas D. Beem
Phone: 202 622-3860

RIN: 1545-AK74
_______________________________________________________________________




2777. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS 
UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 73781]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/88                    53 FR 16233
Hearing                         03/01/89                     54 FR 1189
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-AK79
_______________________________________________________________________




2778. INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/27/88                    53 FR 24100
NPRM Comment Period End         08/26/88


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David A. Juster
Phone: 202 622-3850

RIN: 1545-AL93
_______________________________________________________________________




2779. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard L. Chewning
Phone: 202 622-3850

RIN: 1545-AM11
_______________________________________________________________________




2780. COMPUTATION OF A BRANCH'S TAXABLE INCOME; TAXATION OF EXCHANGE 
GAIN OR LOSS ON BRANCH REMITTANCES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/91                    56 FR 48457
NPRM-Withdrawn                  09/07/06                    71 FR 52876
Second NPRM                     09/07/06                    71 FR 52876
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sheila Ramaswamy
Phone: 202 622-3870

Theodore D. Setzer
Phone: 202 622-3870

RIN: 1545-AM12
_______________________________________________________________________




2781. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/25/90                     55 FR 2535


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jeffrey L. Parry
Phone: 202 622-3850

RIN: 1545-AM90
_______________________________________________________________________




2782. CARIBBEAN BASIN INVESTMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/13/91                    56 FR 21963
Hearing                         07/12/91                    56 FR 21963


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Thomas A. Vidano
Phone: 202 435-5265

RIN: 1545-AM91
_______________________________________________________________________




2783. CONSOLIDATED ALTERNATIVE MINIMUM TAX

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/92                    57 FR 62251
NPRM Comment Period End         03/01/93
Hearing                         04/06/93


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Martin Scully
Phone: 202 622-8066

RIN: 1545-AN73
_______________________________________________________________________




2784. CONFORMING TAXABLE YEARS OF CFCS AND FPHCS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/05/93                      58 FR 290


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Carl M. Cooper
Phone: 202 622-3840

RIN: 1545-AO22
_______________________________________________________________________




2785. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Valerie A. Mark-Lippe
Phone: 202 622-3840

RIN: 1545-AO25

[[Page 73782]]

_______________________________________________________________________




2786. INFORMATION REPORTING AND RECORD MAINTENANCE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Next Action Undetermined        12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Gregory A. Spring
Phone: 202 622-3870

RIN: 1545-AP10
_______________________________________________________________________




2787. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/92                    57 FR 29246


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jeffrey L. Parry
Phone: 202 622-3850

RIN: 1545-AQ55
_______________________________________________________________________




2788. INTEREST-FREE ADJUSTMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/10/92                    57 FR 58423
NPRM Comment Period End         02/08/93
Next Action Undetermined        12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Karin Loverud
Phone: 202 622-6080

RIN: 1545-AQ61
_______________________________________________________________________




2789. THE TREATMENT OF ACCELERATED DEATH BENEFITS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/15/92                    57 FR 59319
NPRM Comment Period End         02/26/93
Hearing                         03/19/93


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ann H. Logan
Phone: 202 622-3970

RIN: 1545-AQ70
_______________________________________________________________________




2790. MARK-TO-MARKET UPON DISPOSITION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/95                      60 FR 397
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lauren J. Medovoy
Phone: 202 622-3920
Fax: 202 622-7970
Email: [email protected]

RIN: 1545-AS85
_______________________________________________________________________




2791. ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND EMPLOYEE 
CONTRIBUTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/95                    60 FR 66532
NPRM Comment Period End         03/21/96


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cathy A. Vohs
Phone: 202 622-6090

RIN: 1545-AT82
_______________________________________________________________________




2792. FOREIGN CORPORATIONS REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/96                     61 FR 9377


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Gregory A. Spring
Phone: 202 622-3870

RIN: 1545-AT96
_______________________________________________________________________




2793. APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT EMPLOYEES' TRUSTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/27/96                    61 FR 50778
NPRM Comment Period End         12/26/96
Hearing                         01/15/97


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: M. Grace Fleeman
Phone: 202 622-3880

Linda S.F. Marshall
Phone: 202 622-6090

James A. Quinn
Phone: 202 622-3070

RIN: 1545-AU29
_______________________________________________________________________




2794. RECOMPUTATION OF LIFE INSURANCE RESERVES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/97                       62 FR 71
Final Action                    01/00/08

[[Page 73783]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda Boyd
Phone: 202 622-3970

RIN: 1545-AU49
_______________________________________________________________________




2795. ELECTRONIC TRANSMISSION OF WITHHOLDING CERTIFICATES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/14/97                    62 FR 53504
Next Action Undetermined        12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Carl M. Cooper
Phone: 202 622-3840

RIN: 1545-AV27
_______________________________________________________________________




2796. SUBSTANTIATING TRAVEL EXPENSE DEDUCTIONS FOR MEMBERS OF CONGRESS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 5

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: George B. Baker
Phone: 202 622-4930

RIN: 1545-AV55
_______________________________________________________________________




2797. DEFINITION OF ACCOUNTING METHOD

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Next Action Undetermined        12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Grant D. Anderson
Phone: 202 622-4930
Fax: 202 622-0735
Email: [email protected]

RIN: 1545-AX21
_______________________________________________________________________




2798. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE AND CERTAIN OTHER 
EXPENSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/05/90                     55 FR 3750
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David F. Bergkuist
Phone: 202 622-3850

RIN: 1545-AX72
_______________________________________________________________________




2799. MODIFICATION TO SECTION 367(A) STOCK TRANSFER REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Daniel M. McCall
Phone: 202 622-3860

RIN: 1545-AX77
_______________________________________________________________________




2800. DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION 
1297

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ethan A. Atticks
Phone: 202 622-3840

RIN: 1545-AX78
_______________________________________________________________________




2801. CLARIFICATION OF FOREIGN BASE COMPANY SALES INCOME RULES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Valerie A. Mark-Lippe
Phone: 202 622-3840

RIN: 1545-AX91
_______________________________________________________________________




2802. SPECIAL RULES FOR S CORPORATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 601

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/27/92                    57 FR 15272
NPRM Comment Period End         06/26/92


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David A. Juster
Phone: 202 622-3850

Related RIN: Split from 1545-AP35, Related to 1545-AS88
RIN: 1545-AY44
_______________________________________________________________________




2803. PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/29/06                    71 FR 51155
NPRM Comment Period End         11/27/06
Final Action                    12/00/07

[[Page 73784]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jeffrey L. Vinnik
Phone: 202 622-3840

RIN: 1545-AY54
_______________________________________________________________________




2804. PAYMENTS FOR INTEREST IN PARTNERSHIP

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/08

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stacy L. Short
Phone: 202 622-3070

RIN: 1545-AY90
_______________________________________________________________________




2805. CONSOLIDATED RETURNS; NONAPPLICABILITY OF SECTION 357(C)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/14/01                    66 FR 57021
Public Hearing                  03/21/02
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas I. Russell
Phone: 202 622-7550

RIN: 1545-BA09
_______________________________________________________________________




2806. GUIDANCE ON REPORTING OF DEPOSIT INTEREST PAID TO NONRESIDENT 
ALIENS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/02/02                    67 FR 50386
Hearing                         12/05/02                    67 FR 50386
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ethan A. Atticks
Phone: 202 622-3840

RIN: 1545-BA86
_______________________________________________________________________




2807. GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/08/05                    70 FR 72954
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Dillon Taylor
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BA96
_______________________________________________________________________




2808. TIMELY MAILING TREATMENT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/21/04                    69 FR 56377
Next Action Undetermined        12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Amy Mielke
Phone: 202 622-7371

RIN: 1545-BA99
_______________________________________________________________________




2809. COMMUNICATIONS EXCISE TAX; TAXABLE COMMUNICATION SERVICES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 49

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/02/04                    69 FR 40345
ANPRM Comment Period End        09/30/04
Next Action Undetermined        12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Taylor Cortright
Phone: 202 622-3130

RIN: 1545-BB04
_______________________________________________________________________




2810. TOLL TELEPHONE SERVICE--DEFINITION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 49

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/01/03                    68 FR 15690
Hearing                         09/10/03                    68 FR 35828
Next Action Undetermined        12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Taylor Cortright
Phone: 202 622-3130

RIN: 1545-BB18
_______________________________________________________________________




2811. AMENDING THE LOW-INCOME HOUSING TAX CREDIT PROGRAM

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jack Malgeri
Phone: 202 622-3040

RIN: 1545-BB37
_______________________________________________________________________




2812. AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE CORRECT 
INFORMATION RETURNS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 73785]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/03                    68 FR 40857
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: William M. Kostak
Phone: 202 622-4910

RIN: 1545-BB41
_______________________________________________________________________




2813. NOTARIZATION REQUIREMENT FOR STATEMENTS OF PURCHASE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/10/03                    68 FR 41087
NPRM Comment Period End         10/08/03


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: John T. Ricotta
Phone: 202 622-6060

RIN: 1545-BC11
_______________________________________________________________________




2814. CONTINGENT AT CLOSING ESCROWS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Steven Gee
Phone: 202 622-7876

Related RIN: Related to 1545-AR82
RIN: 1545-BC16
_______________________________________________________________________




2815. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN 
(ASFR)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/18/05                    70 FR 41165
Hearing                         03/08/06
Next Action Undetermined        12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Laura Rebecca Urich
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

Related RIN: Related to 1545-BC46
RIN: 1545-BC45
_______________________________________________________________________




2816. TRANSACTIONS INVOLVING THE TRANSFER OF NO NET EQUITY VALUE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/10/05                    70 FR 11903
NPRM Comment Period End         06/08/05


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jean R. Brenner
Phone: 202 622-7790

RIN: 1545-BC88
_______________________________________________________________________




2817. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF 
ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/06/06                    71 FR 38323
NPRM Comment Period End         10/04/06
Next Action Undetermined        12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Joel D. McMahan
Phone: 202 622-4580

RIN: 1545-BC93
_______________________________________________________________________




2818. ACCUMULATED ADJUSTMENT ACCOUNT AND OTHER CORPORATE SEPARATIONS 
UNDER SECTION 355

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Deane M. Burke
Phone: 202 622-3070

RIN: 1545-BC98
_______________________________________________________________________




2819. ESCROW ACCOUNTS, TRUSTS, AND OTHER FUNDS USED DURING DEFERRED 
EXCHANGES OF LIKE-KIND PROPERTY

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/07/06                     71 FR 6231
Hearing                         02/07/06                     71 FR 6233
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: A. Katharine Kiss
Phone: 202 622-4930

Related RIN: Split from 1545-AR82
RIN: 1545-BD19
_______________________________________________________________________




2820. GUIDANCE ON PHASED RETIREMENT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/10/04                    69 FR 65108
NPRM Comment Period End         02/08/05


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

[[Page 73786]]

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Cathy A. Vohs
Phone: 202 622-6090

RIN: 1545-BD23
_______________________________________________________________________




2821. TRANSFERS OF RESTRICTED STOCK

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen B. Tackney
Phone: 202 622-6030
Fax: 202 622-7865
Email: [email protected]

Related RIN: Related to 1545-BD45
RIN: 1545-BD44
_______________________________________________________________________




2822. TRANSFERS OF RESTRICTED STOCK (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen B. Tackney
Phone: 202 622-6030
Fax: 202 622-7865
Email: [email protected]

Related RIN: Related to 1545-BD44
RIN: 1545-BD45
_______________________________________________________________________




2823. HIPAA PORTABILITY: SPECIAL ENROLLMENT PROCEDURES, TOLLING, AND 
INTERACTION WITH FMLA

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 54

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/04                    69 FR 78800


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6080

Related RIN: Related to 1545-AW02, Related to 1545-AX84
RIN: 1545-BD51
_______________________________________________________________________




2824. SPECIAL RULES TO REDUCE SECTION 1446 WITHHOLDING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/18/05                    70 FR 28743
Hearing                         10/03/05                    70 FR 57523
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Ronald M. Gootzeit
Phone: 202 622-3860

Related RIN: Related to 1545-AY28
RIN: 1545-BD80
_______________________________________________________________________




2825. AMENDMENTS TO 26 CFR SECTION 1.263(A)-5 REGARDING TREATMENT OF 
CAPITALIZED COSTS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Angella L. Warren
Phone: 202 622-4950

RIN: 1545-BD82
_______________________________________________________________________




2826. RETURN FOR SUBCHAPTER T COOPERATIVES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/29/05                    70 FR 43811


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Matthew P. Howard
Phone: 202 622-4910

RIN: 1545-BD92
_______________________________________________________________________




2827. EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

CFR Citation: 26 CFR 31

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/03/06                       71 FR 46


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Federal

Agency Contact: Raymond Bailey
Phone: 202 622-4910

Related RIN: Related to 1545-BE00
RIN: 1545-BD93
_______________________________________________________________________




2828. RETURN FOR SUBCHAPTER T COOPERATIVES (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Matthew P. Howard
Phone: 202 622-4910

Related RIN: Related to 1545-BD92
RIN: 1545-BD98

[[Page 73787]]

_______________________________________________________________________




2829. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF 
ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            07/06/06                    71 FR 38262


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joel D. McMahan
Phone: 202 622-4580

Related RIN: Related to 1545-BC93, Related to 1545-BE01, Related to 
1545-BE08
RIN: 1545-BE02
_______________________________________________________________________




2830. APPLICATION OF SECTION 6404(G) SUSPENSION PROVISIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Agency Contact: Stuart Spielman
Phone: 202 622-7950

RIN: 1545-BE07
_______________________________________________________________________




2831. DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/11/05                    70 FR 12166
Final Action                    03/00/08

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Charles B. Christopher
Phone: 202 622-4580

Charles B. Christopher
Phone: 202 622-4580

Related RIN: Related to 1545-BC93, Related to 1545-BE02, Related to 
1545-BE01
RIN: 1545-BE08
_______________________________________________________________________




2832. INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED INTELLECTUAL 
PROPERTY CONTRIBUTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/23/05                    70 FR 29460


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Matthew P. Howard
Phone: 202 622-4910

RIN: 1545-BE11
_______________________________________________________________________




2833. INFORMATION RETURNS REQUIRED WITH RESPECT TO CERTAIN FOREIGN 
CORPORATIONS AND OTHER CONFORMING CHANGES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/21/06                    71 FR 35592
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Kate Y. Hwa
Phone: 202 622-3840

RIN: 1545-BE47
_______________________________________________________________________




2834. SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/07/05                    70 FR 67397


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Allen David Madison
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

Related RIN: Related to 1545-BE63
RIN: 1545-BE62
_______________________________________________________________________




2835. CONVERTING AN IRA ANNUITY TO A ROTH IRA

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/22/05                    70 FR 48924


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Cathy A. Vohs
Phone: 202 622-6090

Related RIN: Related to 1545-BE66
RIN: 1545-BE65
_______________________________________________________________________




2836. ABANDONMENT OF STOCK AND OTHER SECURITIES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sean Dwyer
Phone: 202 622-5020

RIN: 1545-BE80
_______________________________________________________________________




2837. FOREIGN CURRENCY CONTRACT DEFINED

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

[[Page 73788]]

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen J. Coleman
Phone: 202 622-6289

Related RIN: Related to 1545-BE83
RIN: 1545-BE82
_______________________________________________________________________




2838. FOREIGN CURRENCY CONTRACT DEFINED (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Stephen J. Coleman
Phone: 202 622-6289

Related RIN: Related to 1545-BE82
RIN: 1545-BE83
_______________________________________________________________________




2839. LIFE/NON-LIFE TACKING RULE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/25/06                    71 FR 23882
TEMP                            04/25/06                    71 FR 23856


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ross E. Poulsen
Phone: 202 622-7770

RIN: 1545-BE85
_______________________________________________________________________




2840. PROCEDURES FOR ADMINISTRATIVE REVIEW OF A DETERMINATION THAT AN 
AUTHORIZED RECIPIENT HAS FAILED TO SAFEGUARD FEDERAL TAX RETURNS OR 
RETURN INFORMATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/24/06                     71 FR 9487
NPRM Comment Period End         05/25/06
Final Action                    02/00/09

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Charles B. Christopher
Phone: 202 622-4580

Related RIN: Previously reported as 1545-BF22
RIN: 1545-BF21
_______________________________________________________________________




2841. DEPRECIATION OF MACRS PROPERTY THAT IS ACQUIRED IN A LIKE-KIND 
EXCHANGE OR AS A RESULT OF AN INVOLUNTARY CONVERSION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Agency Contact: Winston H. Douglas
Phone: 202 622-3110

Related RIN: Related to 1545-BC27, Related to 1545-AX95
RIN: 1545-BF37
_______________________________________________________________________




2842. FAILURE TO MAINTAIN LIST OF ADVISEES WITH RESPECT TO REPORTABLE 
TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301.6708-1T

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Allen David Madison
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF38
_______________________________________________________________________




2843. FAILURE TO MAINTAIN LIST OF ADVISEES WITH RESPECT TO REPORTABLE 
TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301.6708-1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Allen David Madison
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF39
_______________________________________________________________________




2844. [bull] REQUIREMENTS FOR REORGANIZATIONS QUALIFYING UNDER SECTION 
368(A)(1)(E) OR (F)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation is intended to provide guidance regarding the 
requirements of a reorganization under section 368(a)(1)(F), the tax 
consequences of such a reorganization, and give examples of 
transactions so qualifying.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148532-05
Drafting attorney: Douglas C. Bates (202) 622-7550
Reviewing attorney: Debra L. Carlisle (202) 622-7550
CC: COR

Agency Contact: Douglas C. Bates, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7550
Fax: 202 622-4111
Email: [email protected]

Related RIN: Split from 1545-BD31
RIN: 1545-BF51
_______________________________________________________________________




2845. [bull] DETERMINATION OF INTEREST EXPENSE DEDUCTION OF FOREIGN 
CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 882

[[Page 73789]]

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These rules provide the allocation of interest expense of 
foreign corporations to income effectively connected with a trade or 
business within the United States, and coordination with the branch 
profits tax and income tax treaties.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/17/06                    71 FR 47459
NPRM Comment Period End         11/15/06
Final Action                    12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-120509-06
Drafting attorney: Gregory A. Spring (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL

Agency Contact: Gregory A. Spring, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

Related RIN: Related to 1545-BF70
RIN: 1545-BF71
_______________________________________________________________________




2846. [bull] DEFINITION OF TAXPAYER FOR PURPOSES OF SECTION 901 AND 
RELATED MATTERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The application of existing Treas. Reg. section 1.901-2(f) is 
unclear in certain circumstances, including circumstances in which 
foreign law permits foreign corporations to determine their taxable 
income and tax liability on a combined basis. Amendments are needed to 
clarify the application of Treas. Reg. section 1.901-2 in such 
circumstances. In some cases, such as cases involving reverse hybrid 
entities, the application of existing Treas. Reg. section 1.901-2(f) 
reaches inappropriate results. Amendments are needed to change the 
results in such cases.

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-124152-06
Drafting Attorney: Bethany Ingwalson (202) 622-3850
Reviewing Attorney: Barbara Felker (202) 622-3850
CC:INTL

Agency Contact: Bethany Ingwalson, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3850

RIN: 1545-BF73
_______________________________________________________________________




2847. [bull] EXCLUSION OF INCOME FROM THE INTERNATIONAL OPERATION OF 
SHIPS OR AIRCRAFT

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 7805; 26 USC 883

CFR Citation: 26 CFR 1.883-0; 26 CFR 1.883-1; 26 CFR 1.883-3; 26 CFR 
1.883-4; 26 CFR 1.883-5; . . .

Legal Deadline: None

Abstract: This regulation will address amendment to section 1.883-3 
regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/07

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-138707-06
Drafting attorney: Patricia A. Bray (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
CC: INTL

Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3880

RIN: 1545-BF90
_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Internal Revenue Service (IRS)



_______________________________________________________________________




2848. REPORTING OF PAYMENTS TO ATTORNEYS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9270                            07/13/06                    71 FR 39548

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy L. Rose
Phone: 202 622-4910

RIN: 1545-AW72
_______________________________________________________________________




2849. STOCK TRANSFER RULES--CARRYOVER OF EARNINGS AND TAXES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9273                            08/08/06                    71 FR 44887

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jeffrey L. Parry
Phone: 202 622-3850

RIN: 1545-AX65

[[Page 73790]]

_______________________________________________________________________




2850. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9278                            08/04/06                    71 FR 44466

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas A. Vidano
Phone: 202 435-5265

Related RIN: Related to 1545-BC52, Related to 1545-BB31
RIN: 1545-AY38
_______________________________________________________________________




2851. ELECTION--ASSET ACQUISITIONS OF INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9257                            04/10/06                    71 FR 17990

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mark Weiss
Phone: 202 622-7790

Related RIN: Related to 1545-BF02
RIN: 1545-AY49
_______________________________________________________________________




2852. TRANSITIONAL RELIEF FOR QUALIFIED INTERMEDIARIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9253                            03/14/06                    71 FR 13003

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ethan A. Atticks
Phone: 202 622-3840

RIN: 1545-AY92
_______________________________________________________________________




2853. REDEMPTIONS TREATED AS DIVIDENDS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       04/19/06                    71 FR 20044

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Theresa M. Kolish
Phone: 202 622-7530
Fax: 202 622-7556
Email: [email protected]

RIN: 1545-BA80
_______________________________________________________________________




2854. INVESTIGATIVE DISCLOSURES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9274                            07/11/06                    71 FR 38985

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Helene R. Newsome
Phone: 202 622-4570

Related RIN: Related to 1545-BB17
RIN: 1545-BB16
_______________________________________________________________________




2855. LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD OF ACCOUNTING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9285                            09/06/06                    71 FR 52430

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Thomas McElroy
Phone: 202 622-4970

RIN: 1545-BB43
_______________________________________________________________________




2856. SPECIAL DEPRECIATION ALLOWANCE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/31/06                    71 FR 51727
Final Action Effective          08/31/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Douglas Kim
Phone: 202 622-3110

Related RIN: Related to 1545-BC19
RIN: 1545-BB57
_______________________________________________________________________




2857. COLLECTION AFTER ASSESSMENT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9284                            09/06/06                    71 FR 52444

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Debra A. Kohn
Phone: 202 622-7985
Email: [email protected]

RIN: 1545-BC72
_______________________________________________________________________




2858. EXCLUSION OF EMPLOYEES OF 501(C)(3) ORGANIZATIONS IN 401(K) AND 
401(M) PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9275                            07/21/06                    71 FR 41357

Regulatory Flexibility Analysis Required: No

[[Page 73791]]

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa Mojiri-Azad
Phone: 202 622-6060

RIN: 1545-BC87
_______________________________________________________________________




2859. ATTAINED AGE OF THE INSURED

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9287                            09/13/06                    71 FR 53967

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Ann H. Logan
Phone: 202 622-3970

RIN: 1545-BD00
_______________________________________________________________________




2860. REQUIREMENTS FOR REORGANIZATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9182                            02/25/05                     70 FR 9219

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Douglas C. Bates
Phone: 202 622-7550
Fax: 202 622-4111
Email: [email protected]

Related RIN: Related to 1545-BF51
RIN: 1545-BD31
_______________________________________________________________________




2861. TREATMENT OF DISREGARDED ENTITIES UNDER SECTION 752

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9289                            10/11/06                    71 FR 59669

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Charlotte Chyr
Phone: 202 622-3070
Fax: 202 622-4804
Email: [email protected]

RIN: 1545-BD48
_______________________________________________________________________




2862. MANUFACTURER INCENTIVE PAYMENTS IN AN INTERCOMPANY TRANSACTION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       05/08/06                    71 FR 26721

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Frances L. Kelly
Phone: 202 622-7072
Email: [email protected]

Related RIN: Related to 1545-BF32
RIN: 1545-BD55
_______________________________________________________________________




2863. AGGREGATE COMPUTATION; ALLOCATION OF RESEARCH CREDIT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9296                            11/09/06                    71 FR 65722

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nicole R. Cimino
Phone: 202 622-3120

Related RIN: Related to 1545-BA88, Related to 1545-BE17
RIN: 1545-BD60
_______________________________________________________________________




2864. FLAT RATE SUPPLEMENTAL WAGE WITHHOLDING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9276                            07/25/06                    71 FR 42049

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Alfred G. Kelley
Phone: 202 622-6040

RIN: 1545-BD96
_______________________________________________________________________




2865. SECTION 6011 REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/22/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

Related RIN: Related to 1545-BE24
RIN: 1545-BE25
_______________________________________________________________________




2866. SECTION 6111 REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/22/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

Related RIN: Related to 1545-BE26
RIN: 1545-BE27
_______________________________________________________________________




2867. SECTION 6112 REGULATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

[[Page 73792]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       08/22/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

Related RIN: Related to 1545-BE28
RIN: 1545-BE29
_______________________________________________________________________




2868. EMPLOYER COMPARABLE CONTRIBUTIONS TO HEALTH SAVINGS ACCOUNTS UNDER 
SECTION 4980G

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 54

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action completed by TD 
9277                            07/31/06                    71 FR 43056

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Elizabeth A. Purcell
Phone: 202 622-6080

RIN: 1545-BE30
_______________________________________________________________________




2869. DOMESTIC WORKERS REGULATION UPDATE (APPLICATION OF THE FEDERAL 
INSURANCE CONTRIBUTIONS ACT TO PAYMENTS MADE FOR CERTAIN SERVICES)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9266                            06/19/06                    71 FR 35153

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Selvan V. Boominathan
Phone: 202 622-0047

RIN: 1545-BE32
_______________________________________________________________________




2870. INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9263                            06/01/06                    71 FR 31268

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Paul F. Handleman
Phone: 202 622-3040

RIN: 1545-BE33
_______________________________________________________________________




2871. SPECIAL DEPRECIATION ALLOWANCE--EXTENDED PLACED-IN-SERVICE DATE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       07/25/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Patrick S. Kirwan
Phone: 202 622-3110

Related RIN: Related to 1545-BE56
RIN: 1545-BE55
_______________________________________________________________________




2872. SPECIAL DEPRECIATION ALLOWANCE-EXTENDED PLACED-IN-SERVICE DATE 
(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       07/25/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Patrick S. Kirwan
Phone: 202 622-3110

Related RIN: Related to 1545-BE55
RIN: 1545-BE56
_______________________________________________________________________




2873. LIMITATION ON TRANSFER OF BUILT-IN LOSSES (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       10/18/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jay M. Singer
Phone: 202 622-7530

Related RIN: Related to 1545-BE58
RIN: 1545-BE59
_______________________________________________________________________




2874. DIVIDENDS PAID DEDUCTION FOR STOCK HELD IN EMPLOYEE STOCK 
OWNERSHIP PLAN (ESOP)

Priority: Substantive, Nonsignificant

CFR Citation: 26 USC 404(K)

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9282                            08/30/06                    71 FR 51471

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John T. Ricotta
Phone: 202 622-6060

RIN: 1545-BE74
_______________________________________________________________________




2875. RAILROAD TRACK MAINTENANCE CREDIT (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            09/08/06                    71 FR 53009
Temporary Regulation Effective  09/08/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Winston H. Douglas
Phone: 202 622-3110

Related RIN: Related to 1545-BE90
RIN: 1545-BE91
_______________________________________________________________________




2876. INTERCOMPANY TRANSACTIONS; MANUFACTURER INCENTIVE PAYMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 73793]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9261                            05/08/06                    71 FR 26687

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Frances L. Kelly
Phone: 202 622-7072
Email: [email protected]

Related RIN: Related to 1545-BD55
RIN: 1545-BF32
_______________________________________________________________________




2877. AMENDMENT OF STATUTORY MERGERS AND CONSOLIDATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9259                            04/25/06                    71 FR 23855

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Richard M. Heinecke
Phone: 202 622-7930

Related RIN: Related to 1545-BA06, Related to 1545-BD76
RIN: 1545-BF36
_______________________________________________________________________




2878. [bull] INFORMATION RETURNS REQUIRED WITH RESPECT TO CERTAIN 
FOREIGN CORPORATIONS AND OTHER CONFORMING CHANGES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance regarding accounting 
methods and penalties under section 6038.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Completed by 
TD 9268                         06/21/06                    71 FR 35524

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-109512-05
Drafting attorney: Kate Y. Hwa (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
Treasury attorney: John Harrington (202) 622-0589
CC: INTL

Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3840

Related RIN: Related to 1545-BE47
RIN: 1545-BF49
_______________________________________________________________________




2879. [bull] COMPUTER SOFTWARE UNDER SECTION 199(C)(5)(B)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 199; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Guidance regarding the deduction for income attributable to 
domestic production activities under section 199 as applied to the 
production of computer software.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule Completed by 
TD 9262                         06/01/06                    71 FR 31074

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111578-06
Drafting attorney: Lauren Ross Taylor (202) 622-3040
Reviewing attorney: Paul F. Handleman (202) 622-3040
Treasury attorney: Dennis Tingey (202) 622-1335
CC: PSI

Agency Contact: Lauren R. Taylor, General Attorney (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Room 5111, Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753
Email: [email protected]

Related RIN: Related to 1545-BE33
RIN: 1545-BF57
_______________________________________________________________________




2880. [bull] USER FEES RELATING TO ENROLLMENT

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 9701

CFR Citation: 26 CFR 300

Legal Deadline: None

Abstract: Proposed regulations implementing user fees for the special 
enrollment examination for enrolled agents, the application for 
enrollment of enrolled agents and the renewal of such enrollment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9288                            10/05/06                    71 FR 58740

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-145154-05
Drafting attorney: Matthew S. Cooper (202) 622-4940
Reviewing attorney: Janice Feldman (202) 622-4940
CC: PA: APJ

Agency Contact: Matthew S. Cooper, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 
5135, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: [email protected]

RIN: 1545-BF68
_______________________________________________________________________




2881. [bull] DETERMINATION OF INTEREST EXPENSE DEDUCTION OF FOREIGN 
CORPORATIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 882

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation sets forth rules providing the allocation of

[[Page 73794]]

interest expense of foreign corporations to income effectively 
connected with a trade or business within the United States and 
coordination with the branch profits tax and income tax treaties.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Final Action Completed 
by TD 9281                      08/17/06                    71 FR 47443

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-120509-06
Drafting attorney: Gregory A. Spring (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL

Agency Contact: Gregory A. Spring, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

Related RIN: Related to 1545-BF71
RIN: 1545-BF70
BILLING CODE 6720--01--S
_______________________________________________________________________


Department of the Treasury (TREAS)                  Proposed Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2882. IMPLEMENTATION OF A REVISED BASEL CAPITAL ACCORD (BASEL II)

 Regulatory Plan: This entry is Seq. No. 97 in part II of this issue of 
the Federal Register.

RIN: 1550-AB56
_______________________________________________________________________




2883. SECURITIES-RELATED ACTIVITIES OF SAVINGS ASSOCIATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 375b; 12 USC 1462 to 1462a; 12 USC 1463 to 
1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12 USC 1828; 
12 USC 1831o; 12 USC 3806; 42 USC 4106; 44 USC 3501 et seq

CFR Citation: 12 CFR 506; 12 CFR 545; 12 CFR 559; 12 CFR 563

Legal Deadline: None

Abstract: OTS is proposing to reduce regulatory burden by updating and 
revising its rules on securities-related activities of savings 
associations. First, the proposed rule describes the existing authority 
of Federal savings associations to engage in various securities broker, 
dealer, and underwriting activities under the Home Owners' Loan Act 
(HOLA). This description should reduce compliance burdens by making OTS 
positions regarding the permissibility of these activities readily 
available to all.
OTS is also updating the existing prohibition on the sale of debt and 
equity securities issued by a savings association or its affiliate at 
the offices of a savings association. This change will reduce burden on 
savings associations by adding new exceptions and by eliminating 
consumer protection rules that overlap, and in some cases conflict, 
with other Agency guidance. Finally, the proposed rule would eliminate 
various obsolete OTS securities activity regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Judi McCormick, Director, Consumer Protection and 
Specialized Programs, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-5636

Karen Osterloh, Special Counsel, Regulations and Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6639

John P. Harootunian, Senior Attorney, Business Transactions Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6415

RIN: 1550-AB92
_______________________________________________________________________




2884. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; 
MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

Priority: Other Significant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463 to 1464; 12 USC 
1467a; 12 USC 1828 note

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: The Office of the Comptroller of the Currency, Board of 
Governors of the Federal Reserve System, Federal Deposit Insurance 
Corporation, and Office of Thrift Supervision are considering various 
revisions to the risk-based capital framework. In October 2005, the 
Agencies published an ANPRM suggesting various approaches designed to 
enhance the framework's risk sensitivity and to minimize competitive 
disparities between larger banking organizations that will be subject 
to the advanced approaches implemented under the new Basel Capital 
Framework and other banking organizations that will not be subject to 
these advanced approaches. After a review of public comments on the 
ANPRM, the Agencies plan to publish an NPRM implementing domestic 
capital modifications.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/20/05                    70 FR 61068
ANPRM Comment Period End        01/18/06
NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

[[Page 73795]]

Federalism:  Undetermined

Agency Contact: Michael D. Solomon, Director, Capital Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-5654

Teresa Scott, Counsel (Banking and Finance), Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-6478

Karen Osterloh, Special Counsel, Regulations and Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6639

RIN: 1550-AB98
_______________________________________________________________________




2885. PROCEDURES TO ENHANCE THE ACCURACY AND INTEGRITY OF INFORMATION 
FURNISHED TO CONSUMER REPORTING AGENCIES UNDER SECTION 312 OF THE FAIR 
AND ACCURATE CREDIT TRANSACTIONS ACT

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: 12 CFR 571

Legal Deadline: None

Abstract: The Office of the Comptroller of the Currency, Federal 
Reserve Board, Federal Deposit Insurance Corporation, Office of Thrift 
Supervision, National Credit Union Administration and Federal Trade 
Commission are seeking to gather information for developing guidelines 
and regulations required by section 312 of the Fair and Accurate Credit 
Transactions Act (FACT Act). Pursuant to section 312, the Agencies must 
(1) Establish guidelines for use by persons that furnish information to 
consumer reporting agencies regarding the accuracy and integrity of the 
consumer information that they furnish to those agencies; and (2) 
prescribe regulations that require furnishers to establish reasonable 
policies and procedures for implementing the guidelines. Section 312 
also requires the agencies jointly to prescribe regulations that 
identify the circumstances under which a furnisher shall be required to 
reinvestigate a dispute concerning the accuracy of information 
contained in a consumer report on a consumer based on a direct request 
of the consumer.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           03/22/06                    71 FR 14419
ANPRM Comment Period End        05/22/06
NPRM                            12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Glenn S. Gimble, Senior Project Manager, Compliance and 
Consumer Protection, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7158

Richard Bennett, Counsel, Regulations and Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-7409

RIN: 1550-AC01
_______________________________________________________________________




2886. RISK BASED CAPITAL--MARKET RISK RULE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463 to 1464; 12 USC 
1467a; 12 USC 1828 note

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: The OTS is proposing a market risk capital rule that would 
require certain savings associations to adjust their risk-based capital 
ratios to explicitly reflect market risk. The proposed rule would be 
substantively identical to the rules adopted by the other Banking 
Agencies (OCC, FRB, and FDIC), including rules reflecting the Agencies' 
views on the U.S. implementing trading book improvements in 
international accords.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/06                    71 FR 55958
NPRM Comment Period End         01/23/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Austin C. Hong, Senior Analyst, Department of the 
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 906-6389

Christine Smith, Project Manager for Supervision Policy, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-5740

Karen Osterloh, Special Counsel, Regulations and Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6639

RIN: 1550-AC02
_______________________________________________________________________


Department of the Treasury (TREAS)                     Final Rule Stage


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2887. FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS

Priority: Other Significant

Legal Authority: 12 USC 1462a; 12 USC 1463 to 1464; 12 USC 1467a; 12 
USC 1828; 12 USC 1831p-1; 12 USC 1881 to 1884; 15 USC 1681b; 15 USC 
1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805(b)(1); PL 108-159, sec 
214, 117 Stat 1952

CFR Citation: 12 CFR 571

Legal Deadline: Final, Statutory, September 4, 2004.
Section 214 of the FACT Act adds a new section 624 to the FCRA. This 
new provision gives consumers the right to restrict a person from using 
certain information about a consumer obtained

[[Page 73796]]

from an affiliate to make solicitations to that consumer. That section 
also requires the Agencies, in consultation and coordination with each 
other, to issue regulations in final form implementing section 214 not 
later than 9 months after the date of enactment--effective not later 
than September 4, 2004.

Abstract: OCC, the Board, FDIC, OTS, and NCUA (Agencies) published for 
comment proposed regulations to implement the affiliate marketing 
provisions in section 214 of the Fair and Accurate Credit Transactions 
Act of 2003, which amends the Fair Credit Reporting Act. The proposed 
regulations generally prohibit a person from using information received 
from an affiliate to make a solicitation for marketing purposes to a 
consumer, unless the consumer is given notice and an opportunity and 
simple method to opt out of the making of such solicitations.
The comment period closed in August 2004 and the final rule is being 
developed by the various agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/15/04                    69 FR 42502
NPRM Comment Period End         08/16/04
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Glenn S. Gimble, Senior Project Manager, Compliance and 
Consumer Protection, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7158

Richard Bennett, Counsel, Regulations and Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-7409

Related RIN: Related to 1550-AB33
RIN: 1550-AB90
_______________________________________________________________________




2888. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR 
FINANCIAL INSTITUTIONS AND CREDITORS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681c; 15 USC 1681m; 15 USC 1681s

CFR Citation: 12 CFR 571

Legal Deadline: None

Abstract: The banking agencies, NCUA, and FTC (the Agencies) issued a 
proposed rule implementing sections 114 and 315 of the FACT Act. 
Section 114 requires the agencies to develop guidelines for use in 
identifying patterns, practices, and specific forms of activity that 
indicate the possible existence of identity theft. The Agencies are 
also required to issue regulations requiring each financial institution 
and creditor to establish reasonable policies and procedures to 
implement such guidelines. The regulations must contain a provision 
requiring a card issuer to notify the cardholder if the card issuer 
receives a notice of change of address for an existing account, and a 
short time later receives a request for an additional or replacement 
card. Section 315 requires the Agencies to issue regulations regarding 
reasonable policies and procedures that a user of a consumer report 
should employ when the user receives a notice of address discrepancy 
from a consumer reporting agency.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/18/06                    71 FR 40786
NPRM Comment Period End         09/18/06
Final Rule                      06/00/07

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Richard Bennett, Counsel, Regulations and Legislation 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7409

Glenn S. Gimble, Senior Project Manager, Compliance and Consumer 
Protection, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7158

RIN: 1550-AB94
_______________________________________________________________________




2889. FEDERAL SAVINGS ASSOCIATION BYLAWS; INTEGRITY OF DIRECTORS

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463 to 1464; 12 USC 
1467a; 12 USC 2901 et seq

CFR Citation: 12 CFR 544; 12 CFR 552

Legal Deadline: None

Abstract: OTS is proposing to change its regulations concerning 
corporate governance to include a preapproved bylaw that federally 
chartered savings associations and mutual holding companies may adopt 
to preclude persons who, among other things, are under indictment for, 
or have been convicted of certain crimes involving dishonesty or breach 
of trust, or have been subject to certain cease and desist orders 
entered by any of the banking agencies, from being members of, or 
nominating others to be on the Federal savings association's or mutual 
holding company's board of directors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/14/06                     71 FR 7695
NPRM Comment Period End         04/17/06
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Aaron Kahn, Assistant Chief Counsel, Business 
Transactions Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6263

Don Dwyer, Director, Applications, Examinations and Supervision - 
Operations, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-6414

RIN: 1550-AC00

[[Page 73797]]

_______________________________________________________________________




2890. SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR EMPLOYEES OF THE 
DEPARTMENT OF TREASURY

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 5 USC 7301; 5 USC 7353; 5 USC App. (Ethics 
in Government Act of 1978); 18 USC 212 to 213; 26 USC 7214(b); EO 
12674, 54 FR 15159, 3 CFR, 1989 Comp., p. 215, as modified by EO 12731, 
55 FR 42547, 3 CFR, 1990 Comp., p. 306; 5 CFR 2635.105; 5 CFR 
2635.203(a); 5 CFR 2635.403(a); 5 CFR 2635.803; 5 CFR 
2635.807(a)(2)(ii)

CFR Citation: 5 CFR part 3101

Legal Deadline: None

Abstract: The Department of the Treasury (Department) is amending the 
Supplemental Standards of Ethical Conduct for Employees of the 
Department. The final rule revises the circumstances under which 
covered Office of Thrift Supervision (OTS) employees may obtain credit 
cards and loans secured by a principal residence from OTS-regulated 
savings associations or their subsidiaries. This amendment also 
modifies rules on disqualifications.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      06/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Peter Coniglio, Senior Ethics Counsel, Department of 
the Treasury, 15th & Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-3824

Elizabeth Moore, Special Counsel, Litigation Division, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-7039

RIN: 1550-AC03
_______________________________________________________________________




2891. [bull] SUBORDINATED DEBT SECURITIES AND MANDATORILY REDEEMABLE 
PREFERRED STOCK

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 375b; 12 USC 1462 to 1462a; 12 USC 1463 to 
1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12 USC 1828; 
12 USC 1831o; 12 USC 3806; 31 USC 5318; 42 USC 4106

CFR Citation: 12 CFR 563

Legal Deadline: None

Abstract: OTS issued a proposed rule revising its rules governing the 
inclusion of subordinated debt securities and mandatorily redeemable 
preferred stock in supplementary capital. The proposed rule deletes 
several unnecessary or outdated requirements and conforms certain other 
provisions, such as maturity period requirements and purchaser 
restrictions, to the rules issued by the other Federal banking 
agencies. In addition, the proposed rule reconciles conflicting rules, 
add appropriate statutory cross-references, and rewrites the rule in 
plain language.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/03/06                    71 FR 37862
NPRM Comment Period End         09/01/06
Final Rule                      01/00/07

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David Riley, Senior Analyst, Capital Policy, Department 
of the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-6669

Karen Osterloh, Special Counsel, Regulations and Legislation Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6639

Gary Jeffers, Senior Attorney, Business Transactions Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6457

RIN: 1550-AC06
_______________________________________________________________________




2892. [bull] STOCK BENEFIT PLANS IN MUTUAL-TO-STOCK CONVERSIONS AND 
MUTUAL HOLDING COMPANY STRUCTURES

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 1462 to 1462a; 12 USC 1463 to 1464; 12 USC 
1467a; 12 USC 2901; 15 USC 78c; 15 USC 78l to 78n; 12 USC 78w; 12 USC 
1828

CFR Citation: 12 CFR 563b; 12 CFR 575

Legal Deadline: None

Abstract: OTS proposes to clarify its regulations regarding stock 
benefit plans established after mutual-to-stock conversions or in 
mutual holding company structures. In addition, OTS proposes to reduce 
the voting requirements for the adoption of stock benefit plans in 
mutual holding company structures and to make several other minor 
changes to the regulations governing mutual-to-stock conversions and 
minority stock issuances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/20/06                    71 FR 41179
NPRM Comment Period End         09/18/06
Final Rule                      12/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Don Dwyer, Director, Applications, Examinations and 
Supervision - Operations, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6414

Aaron Kahn, Assistant Chief Counsel, Business Transactions Division, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6263

David A. Permut, Counsel (Banking and Finance), Business Transactions 
Division, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7505

RIN: 1550-AC07

[[Page 73798]]

_______________________________________________________________________


Department of the Treasury (TREAS)                    Completed Actions


Office of Thrift Supervision (OTS)



_______________________________________________________________________




2893. COMMUNITY REINVESTMENT ACT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 563e

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      04/12/06                    71 FR 18614
Final Rule Effective            04/12/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Celeste Anderson
Phone: 202 906-7990

Richard Bennett
Phone: 202 906-7409

RIN: 1550-AB48
_______________________________________________________________________




2894. [bull] TECHNICAL AMENDMENTS TO REFLECT BIF AND SAIF MERGER

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1464; 12 USC 2810 et seq; 12 USC 2901 et seq; 
15 USC 1691; 42 USC 1981 to 1982; 42 USC 3601 to 3619; 12 USC 1462; 12 
USC 1462a; 12 USC 1463; 12 USC 1467a; 12 USC 375b; 12 CFR 1468; 12 CFR 
1817; 12 CFR 1820; 12 CFR 1828; 12 CFR 1831i, o, p-1; 12 CFR 3806; 31 
USC 5318; 42 USC 4106; 15 USC 78c, l, m, n, and w; 12 USC 1881 to 1884; 
15 USC 1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805(b)(1)

CFR Citation: 12 CFR 528; 12 CFR 546; 12 CFR 552; 12 CFR 561; 12 CFR 
563; 12 CFR 563b; 12 CFR 570; 12 CFR 574; 12 CFR 575; 12 CFR 583

Legal Deadline: None

Abstract: OTS is amending its regulations to incorporate numerous 
technical and conforming amendments necessary to reflect the recent 
merger of the Bank Insurance Fund (BIF) and the Savings Association 
Insurance Fund (SAIF) under the Deposit Insurance Reform Act of 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      04/18/06                    71 FR 19810

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sandra Evans, Department of the Treasury, Office of 
Thrift Supervision, Regulation and Legislative Division, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6076
Fax: 202 906-6518
Email: [email protected]

RIN: 1550-AC05
[FR Doc. 06-8147 Filed 12-08-06; 8:45 am]
BILLING CODE 6720-01-S