<DOC>
[May 16, 2005 (Volume 70, Number 93)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID: f:ua050416.wais]

[Page 27332-27463]
 
Department of the Treasury


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Part XVI








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Semiannual Regulatory Agenda

[[Page 27332]]

DEPARTMENT OF THE TREASURY (TREAS)                                     
  
_______________________________________________________________________

DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act (Pub. L. 96-354, September 19, 1980) and 
Executive Order (E.O.) 12866 (``Regulatory Planning and Review,'' 
September 30, 1993), which require the publication by the Department of 
a semiannual agenda of regulations.

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 listed in the semiannual regulatory 
agenda of the Departmental Offices of the Department of the Treasury. 
Because of continuing limitations in the computer software used to 
prepare the agenda, the agency information under the heading ``For 
Further Information Contact'' for most of 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.

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

Dated: April 8, 2005.

 Richard S. Carro,

Senior Advisor to the General Counsel for Regulatory Affairs.

                                    Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2261        Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for        1505-AB10
            Insured Losses........................................................................
2262        19 CFR 111 Remote Location Filing.....................................................    1505-AB20
2263        Uniform Rules of Origin...............................................................    1505-AB49
2264        Revision of Outbound Redelivery Procedures and Liabilities............................    1505-AB52
2265        19 CFR 101 Centralization of the Continuous Bond Program at the CBP National Finance      1505-AB54
            Center................................................................................
2266        Federal Benefit Payments Under Certain District of Columbia Retirement Plans..........    1505-AB55
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2267        31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations:        1505-AA95
            Publication of Economic Sanctions Enforcement Guidelines..............................
2268        Amendments to the Government Securities Act Regulations: Exemption for Holdings           1505-AB06
            Subject to Fiduciary Standards........................................................
2269        Terrorism Risk Insurance Program; Additional Claims Issues............................    1505-AB09
2270        Country-of-Origin Marking.............................................................    1505-AB21
2271        Expanded Methods of Payment of Duties, Taxes, Interest, and Fees......................    1505-AB22
2272        19 CFR 4 User and Navigation Fees; Other Reimbursable Charges.........................    1505-AB24
2273        19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences....    1505-AB26
2274        Expanded Weekly Entry Procedure for Foreign Trade Zones...............................    1505-AB27
2275        19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin         1505-AB28
            Initiative............................................................................
2276        19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge..    1505-AB29
2277        19 CFR 12 Dog and Cat Protection Act..................................................    1505-AB31
2278        19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple     1505-AB34
            Conveyances...........................................................................
2279        19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act.......    1505-AB37
2280        Trade Benefits Under the African Growth and Opportunity Act...........................    1505-AB38

[[Page 27333]]


2281        19 CFR 24 Fees for Customs Processing at Express Courier Facilities...................    1505-AB39
2282        Trade Benefits Under the Caribbean Basin Economic Recovery Act........................    1505-AB40
2283        Tariff Treatment Related to Disassembly Operations Under the North American Free Trade    1505-AB41
            Agreement (NAFTA).....................................................................
2284        19 CFR 10 United States--Chile Free Trade Agreement...................................    1505-AB47
2285        19 CFR 10 United States--Singapore Free Trade Agreement...............................    1505-AB48
2286        Recordation of Copyrights and Enforcement Procedures To Prevent Importation of            1505-AB51
            Piratical Articles....................................................................
----------------------------------------------------------------------------------------------------------------


                                     Departmental Offices--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2287        31 CFR ch II Possible Regulation of Access to Accounts at Financial Institutions          1505-AA74
            Through Payment Service Providers.....................................................
2288        Financial Activities of Financial Subsidiaries........................................    1505-AA80
2289        Financial Subsidiaries................................................................    1505-AA81
2290        12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage......................    1505-AA84
2291        12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature.......    1505-AA85
2292        19 CFR 4 Harbor Maintenance Fee.......................................................    1505-AB11
2293        Donated Cargo Exemption From Harbor Maintenance Fee...................................    1505-AB12
2294        19 CFR 142 Reconciliation.............................................................    1505-AB16
2295        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
----------------------------------------------------------------------------------------------------------------
2296        19 CFR 10 Prototypes Used Solely For Product Development, Testing, Evaluation, or         1505-AB32
            Quality Control Purposes..............................................................
2297        19 CFR 10 Preferential Treatment of Brassieres Under the United States-Caribbean Basin    1505-AB33
            Trade Partnership Act.................................................................
2298        Merchandise Processing Fees Eligible to be Claimed as Certain Types of Drawback Based     1505-AB44
            on Substitution of Finished Petroleum Derivatives.....................................
2299        Extension of Import Restrictions Imposed on Certain Categories of Archaeological          1505-AB56
            Material From the Prehispanic Cultures of the Republic of El Salvador.................
----------------------------------------------------------------------------------------------------------------


                               Financial Crimes Enforcement Network--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2300        Customer Identification Programs for Pawn Brokers.....................................    1506-AA39
----------------------------------------------------------------------------------------------------------------


                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2301        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To      1506-AA08
            Assess Civil Money Penalties on Depository Institutions...............................
2302        Customer Identification Programs for Travel Agents....................................    1506-AA38
2303        Customer Identification Programs for Loan and Finance Companies.......................    1506-AA40
2304        Customer Identification Programs for Sellers of Vehicles..............................    1506-AA41
2305        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA69
            Programs for Travel Agencies..........................................................

[[Page 27334]]


2306        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA73
            Programs for Loan and Finance Companies...............................................
2307        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.................
2308        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA80
            Programs for Businesses Engaged in Vehicle Sales, Including Automobiles, Airplane, and
            Boat Sales............................................................................
----------------------------------------------------------------------------------------------------------------


                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2309        31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross-    1506-AA15
            Border Transportation of Certain Monetary Instruments.................................
2310        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the             1506-AA23
            Requirement To Report Transactions in Currency........................................
2311        31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement that             1506-AA25
            Nonfinancial Trades or Businesses Report Certain Currency Transactions................
2312        31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and          1506-AA29
            Private Banking Accounts..............................................................
2313        31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and      1506-AA31
            Credit Unions.........................................................................
2314        31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act     1506-AA36
            Regulations Requirement That Insurance Companies Report Suspicious Transactions.......
2315        31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations--Requirement That Mutual      1506-AA37
            Funds Report Suspicious Transactions..................................................
2316        31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru............    1506-AA43
2317        Financial Crimes Enforcement; Amendments to the Bank Secrecy Act Regulations--            1506-AA61
            Nomenclature Changes..................................................................
2318        Imposition of Special Measures Against the Commercial Bank of Syria as a Financial        1506-AA64
            Institution of Primary Money Laundering Concern.......................................
2319        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.............................................
2320        Imposition of Special Measure against Infobank as a Financial Institution of Primary      1506-AA67
            Money Laundering Concern..............................................................
2321        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA68
            Programs for Mutual Funds.............................................................
2322        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA70
            Programs for Insurance Companies......................................................
2323        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA71
            Programs for Investment Advisors......................................................
2324        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA72
            Programs for Financial Institutions...................................................
2325        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA74
            Programs for Money Services Businesses................................................
2326        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA75
            Programs for Commodity Trading Advisors...............................................
2327        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA76
            Programs for Operators of a Credit Card System........................................
2328        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA77
            Programs for Unregistered Investment Companies........................................
2329        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............................
----------------------------------------------------------------------------------------------------------------


[[Page 27335]]


                             Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2330        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
----------------------------------------------------------------------------------------------------------------
2331        31 CFR 245 Claims on Account of Treasury Checks.......................................    1510-AA51
2332        31 CFR 256 Payments Under Judgment and Private Relief Acts............................    1510-AA52
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2333        31 CFR 285.7 Salary Offset............................................................    1510-AA70
2334        31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments...........    1510-AA91
2335        Federal Government Participation in the ACH...........................................    1510-AB00
2336        Payment of Federal Taxes and the Treasury Tax and Loan Program........................    1510-AB01
2337        Administrative Wage Garnishment Clarifications........................................    1510-AB02
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2338        31 CFR 285.5 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit        1510-AA65
            Payments) To Collect Past-Due, Legally Enforceable Nontax Debt........................
2339        31 CFR 285.6 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit        1510-AA66
            Payments) To Collect Past-Due Debts Owed to States (Other Than Child Support).........
2340        31 CFR 285.14 Public Dissemination of Identity of Delinquent Debtors..................    1510-AA72
2341        31 CFR 285.8 Offset of Tax Refund Payment To Collect State Income Tax Obligations.....    1510-AA78
2342        31 CFR 223 Surety Bond Reimbursement Fund.............................................    1510-AA85
2343        Indorsement and Payment of Checks Drawn on the U.S. Treasury..........................    1510-AA99
----------------------------------------------------------------------------------------------------------------


                             Alcohol and Tobacco Tax and Trade Bureau--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2344        Proposed Revisions to the Beer Regulations............................................    1513-AB05
2345        Labeling and Advertising of Wines, Distilled Spirits, and Malt Beverages..............    1513-AB07
2346        Allergen Labeling for Alcohol Beverages...............................................    1513-AB08
2347        27 CFR 252 Exportation of Liquors.....................................................    1513-AA00
----------------------------------------------------------------------------------------------------------------


                          Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2348        27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled    1513-AA07
            Spirits and Wine......................................................................
2349        Wahluke Slope Viticultural Area.......................................................    1513-AB01
2350        Petition To Establish San Antonio Valley as a New American Viticultural Area..........    1513-AB02

[[Page 27336]]


2351        Denatured Spirits, Articles, and Nonbeverage Products.................................    1513-AB03
2352        Alternating Brewery Proprietors.......................................................    1513-AB09
2353        Availability of Information...........................................................    1513-AA98
2354        Determination of Sale Price of Large Cigars...........................................    1513-AB10
2355        27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars.....................    1513-AA16
2356        27 CFR 19, subpart W Proposed Revisions to the Distilled Spirits Plant Regulations....    1513-AA23
2357        27 CFR 44 Regulatory Changes From Customs Service Final Rule..........................    1513-AA26
2358        27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment      1513-AA27
            of Tax................................................................................
2359        27 CFR 17 Tax-Paid Distilled Spirits Used in Manufacturing Products Unfit for Beverage    1513-AA37
            Use...................................................................................
2360        27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines..............    1513-AA42
2361        27 CFR 40 Marks, Labels, Notices, and Bonds for, and Removal of, Tobacco Products, and    1513-AA49
            Cigarette Papers and Tubes............................................................
2362        27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural       1513-AA51
            Area..................................................................................
2363        27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes Without    1513-AA52
            Payment of Tax........................................................................
2364        27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area....................    1513-AA54
2365        27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary Realignment/    1513-AA55
            Expansion.............................................................................
2366        Petition To Establish the ``Fort Ross Seaview'' Viticultural Area.....................    1513-AA64
2367        Petition To Establish the ``Shawnee Hills'' Viticultural Area.........................    1513-AA70
2368        Proposed Establishment of Alta Mesa Viticultural Area.................................    1513-AA82
2369        Proposed Establishment of the Cosumnes River Viticultural Area........................    1513-AA83
2370        Proposed Establishment of Sloughhouse Viticultural Area...............................    1513-AA84
2371        Proposed Establishment of Mokelumne River Viticultural Area...........................    1513-AA85
2372        Proposed Establishment of Jahant Viticultural Area....................................    1513-AA86
2373        Proposed Establishment of Borden Ranch Viticultural Area..............................    1513-AA87
2374        Proposed Establishment of Clements Hills Viticultural Area............................    1513-AA88
2375        Proposed Establishment of the Mt. Oso Viticultural Area...............................    1513-AA89
2376        Petition to Establish ``Calistoga'' as an American Viticultural Area..................    1513-AA92
2377        Ramona Valley Viticultural Area.......................................................    1513-AA94
2378        Dos Rios Viticultural Area............................................................    1513-AA95
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2379        27 CFR 9 Petition To Establish ``Alexandria Lakes'' as a New American Viticultural        1513-AA45
            Area..................................................................................
2380        New Certification Requirements for Imported Wine......................................    1513-AB00
2381        Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the           1513-AA80
            Homeland Security Act of 2002.........................................................
2382        Administrative Changes to the Publication of the TTB Bulletin.........................    1513-AB06
2383        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............................
2384        27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the               1513-AA10
            Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments.....
2385        27 CFR 31 Liquor Dealers; Recodification of Regulations...............................    1513-AA19
2386        27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties    1513-AA32
2387        27 CFR 9 Proposed Red Hill Douglas County, Oregon American Viticultural Area..........    1513-AA39
2388        27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area.....    1513-AA41
2389        27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages..............    1513-AA46
2390        27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural      1513-AA57
            Area..................................................................................
2391        27 CFR 9 Petition To Establish ``Ribbon Ridge'' as a New American Viticultural Area...    1513-AA58
2392        27 CFR 7 Labeling and Advertising of Malt Beverages...................................    1513-AA60
2393        Petition No. 2 To Expand the Russian River Valley Viticultural Area...................    1513-AA67
2394        Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco             1513-AA72
            Viticultural Area.....................................................................
2395        Petition To Establish ``Texoma'' as a Viticultural Area...............................    1513-AA77
2396        Petition To Establish the ``High Valley'' Viticultural Area...........................    1513-AA79
2397        Proposed Establishment of Covelo Viticultural Area....................................    1513-AA90
2398        Proposed Establishment of Horse Heaven Hills..........................................    1513-AA91

[[Page 27337]]


2399        Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the    1513-AA96
            Treatment of Wine, Juice, and Distilling Material.....................................
2400        Niagara Escarpment Viticultural Area..................................................    1513-AA97
2401        Suspension of Special (Occupational) Tax..............................................    1513-AB04
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2402        27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188..........    1513-AA05
2403        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)..........................................................................
2404        27 CFR 4 Amended Standard of Identity for Sherry......................................    1513-AA08
2405        27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and      1513-AA14
            Tubes Imported or Brought into the United States......................................
----------------------------------------------------------------------------------------------------------------


                           Alcohol and Tobacco Tax and Trade Bureau--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2406        27 CFR 7 Flavored Malt Beverages and Related Proposals................................    1513-AA12
2407        27 CFR 24 Production of Dried Fruit and Honey Wines...................................    1513-AA21
2408        27 CFR 9 Petition To Establish the ``Trinity Lakes'' Viticultural Area................    1513-AA29
2409        27 CFR 9 Petition To Establish ``Dundee Hills'' as a New American Viticultural Area...    1513-AA50
2410        27 CFR 9 Petition To Establish ``Yamhill-Carlton District'' as a New American             1513-AA59
            Viticultural Area.....................................................................
2411        Petition To Establish ``McMinnville'' as an American Viticultural Area in Oregon......    1513-AA63
2412        27 CFR 9 Petition To Establish ``Grand Lake O' the Cherokees'' as a New American          1513-AA66
            Viticultural Area.....................................................................
2413        Petition To Establish ``Southern Oregon'' as a Viticultural Area......................    1513-AA75
----------------------------------------------------------------------------------------------------------------


                                   Comptroller of the Currency--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2414        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance:          1557-AC95
            Domestic Capital Modifications........................................................
----------------------------------------------------------------------------------------------------------------


                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2415        12 CFR 4 Rules, Policies, and Procedures for Corporate Activities; Licensing              1557-AC79
            Procedures............................................................................
2416        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1557-AC87
            Institutions and Creditors............................................................
2417        Implementation of a Revised Basel Capital Accord (Basel II)...........................    1557-AC91
2418        One-Year Prohibition for Examiners....................................................    1557-AC94
----------------------------------------------------------------------------------------------------------------


[[Page 27338]]


                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2419        12 CFR 25 Community Reinvestment Act Regulation (12 CFR 25)...........................    1557-AB98
2420        Electronic Filing and Disclosure of Beneficial Ownership Reports......................    1557-AC75
2421        Fair Credit Reporting: Use of Medical Information.....................................    1557-AC85
2422        Fair Credit Reporting: Affiliate Marketing Regulations................................    1557-AC88
2423        Securities Borrowing Transactions.....................................................    1557-AC90
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2424        Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer           1557-AB93
            Registration..........................................................................
2425        Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-    1557-AC80
            Leach-Bliley Act......................................................................
2426        Accuracy and Integrity of Information Furnished to a Consumer Reporting Agency........    1557-AC89
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2427        Rules, Policies, and Procedures for Corporate Activities; Operating Subsidiary Annual     1557-AC81
            Report................................................................................
2428        12 CFR 19.240 Rules, Policies, and Procedures for Corporate Activities; Civil Monetary    1557-AC82
            Penalties Adjustment..................................................................
2429        12 CFR 30 app B Proper Disposal of Consumer Information...............................    1557-AC84
2430        Community Reinvestment Act Regulations................................................    1557-AC86
2431        Interagency Guidance on Response Programs for Unauthorized Access to Customer             1557-AC92
            Information and Customer Notice.......................................................
2432        Guidelines for Residential Mortgage Lending Practices.................................    1557-AC93
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2433        Foreign Insurance Companies...........................................................    1545-AL82
2434        Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch     1545-AM12
            Remittances...........................................................................
2435        Outbound Transfers of Property to Foreign Corporations................................    1545-AM97
2436        Foreign Insurance Company--Domestic Election..........................................    1545-AO25
2437        Taxation of Global Trading............................................................    1545-AP01
2438        Information Reporting and Record Maintenance..........................................    1545-AP10
2439        Guidance in Notice 89-37, Which Treats the Receipt of a Corporate Partner's Stock by      1545-AP52
            the Corporate Partner as a Circumvention of General Utilities Repeal..................
2440        Integrated Financial Transaction......................................................    1545-AR20
2441        Agreements for Payment of Tax Liabilities in Installments.............................    1545-AU97
2442        Substantiating Travel Expense Deductions for Members of Congress......................    1545-AV55
2443        Transportation of Persons and Property by Air.........................................    1545-AW19
2444        Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and    1545-AX02
            Related Foreign Base Company Shipping Income..........................................
2445        Definition of Accounting Method.......................................................    1545-AX21
2446        Inspection of Written Determinations..................................................    1545-AX40
2447        Awarding of Costs and Certain Fees....................................................    1545-AX46
2448        Highly Compensated Employee...........................................................    1545-AX48
2449        Modification to Section 367(a) Stock Transfer Regulations.............................    1545-AX77
2450        Definition of Passive Foreign Investment Company Under Section 1297...................    1545-AX78
2451        Clarification of Foreign-Based Company Sales Income Rules.............................    1545-AX91
2452        Guidance on Changes to the Laws for Corporate Estimated Taxes.........................    1545-AY22
2453        Withholding Tax on Foreign Partners' Share of Effectively Connected Income............    1545-AY28

[[Page 27339]]


2454        Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding      1545-AY30
            Companies (FPHCs).....................................................................
2455        Dollar-Value LIFO.....................................................................    1545-AY39
2456        Special Rules Relating to Transfers of Intangibles to Foreign Corporations............    1545-AY41
2457        Previously Taxed Earnings and Profits Under Subpart F.................................    1545-AY54
2458        Liabilities Assumed in Certain Corporate Transactions.................................    1545-AY74
2459        Disclosure of Returns and Return Information in Judicial and Administrative Tax           1545-AY89
            Proceedings...........................................................................
2460        Transitional Relief for Qualified Intermediaries......................................    1545-AY92
2461        Transactions Involving Obligations of Consolidated Group Members......................    1545-BA11
2462        Deductibility of Employer Contributions for Deferred Compensation.....................    1545-BA13
2463        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.......................................................................
2464        Income From Sources Within Specified Possession.......................................    1545-BA37
2465        Provisions Regarding Cross-Border Transactions........................................    1545-BA65
2466        Circular 230--Phase 2 Nonshelter Revisions............................................    1545-BA72
2467        Allocation of New Markets Tax Credit..................................................    1545-BA84
2468        Guidance To Facilitate Electronic Tax Administration..................................    1545-BA96
2469        Communications Excise Tax; Taxable Communication Services.............................    1545-BB04
2470        Cost Sharing..........................................................................    1545-BB26
2471        Application of Separate Limitations to Dividends From Noncontrolled Section 902           1545-BB28
            Corporation...........................................................................
2472        Amending the Low-Income Housing Tax Credit Program....................................    1545-BB37
2473        Substitute Dividend Payments in Securities Lending and Similar Transactions...........    1545-BB56
2474        Loss on Subsidiary Stock..............................................................    1545-BB61
2475        Liquidation of an Interest............................................................    1545-BB71
2476        REMIC Residuals--Timing of Income for Foreign Holders.................................    1545-BB84
2477        Dependent Care Credit.................................................................    1545-BB86
2478        Partnership Equity for Services.......................................................    1545-BB92
2479        Determination of Single-Sum Distributions From Cash Balance Plans.....................    1545-BB93
2480        Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and         1545-BB96
            Opportunity for Hearing Upon Filing of Notice of Lien.................................
2481        Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before    1545-BB97
            Levy..................................................................................
2482        General Allocation and Accounting Regulations.........................................    1545-BC07
2483        Utility Allowance Regulation Update...................................................    1545-BC22
2484        Guidance on PFIC Purging Elections....................................................    1545-BC37
2485        Substitute for Return (SFR) and Automated Substitute for Return (ASFR)................    1545-BC45
2486        Substitute for Return (SFR) and Automated Substitute for Return (ASFR) (Temporary)....    1545-BC46
2487        Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/    1545-BC48
            or Commodities, Including Foreign Currency Instruments................................
2488        Stewardship Expenses..................................................................    1545-BC52
2489        Coordination of United States and Certain Possessions Income Taxes....................    1545-BC54
2490        Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash     1545-BC55
            a Designated or Related Summons.......................................................
2491        Guidance Under Section 2053 Regarding Post-Death Events...............................    1545-BC56
2492        Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items....    1545-BC65
2493        Collection After Assessment...........................................................    1545-BC72
2494        Below-Market Loans....................................................................    1545-BC78
2495        Regulations Governing the Performance of Actuarial Services Under the Employee            1545-BC82
            Retirement Income Security Act of 1974................................................
2496        Definition of Loss for Purposes of the Straddle Rules.................................    1545-BC83
2497        Determination of Residency in U.S. Possessions........................................    1545-BC86
2498        Transactions Involving the Transfer of No Net Equity Value............................    1545-BC88
2499        Sickness or Accident Disability Payments..............................................    1545-BC89
2500        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BC93
            Department of Commerce................................................................
2501        Guidance Regarding the Active Trade or Business Requirement Under Section 355(b)......    1545-BC94
2502        Accumulated Adjustment Account and Other Corporate Separations Under Section 355......    1545-BC98
2503        Attained Age of the Insured...........................................................    1545-BD00
2504        Support Test in the Case of a Child of Divorced Parents...............................    1545-BD01
2505        Treatment of Foreign Stapled Corporation (Temporary)..................................    1545-BD06
2506        Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue    1545-BD09
            Code (Temporary)......................................................................
2507        Dual Consolidated Loss Regulations....................................................    1545-BD10

[[Page 27340]]


2508        Current Liability Interest Rate Under Section 412(b)(5)...............................    1545-BD13
2509        Current Liability Interest Rate Under Section 412(b)(5) (Temporary)...................    1545-BD14
2510        Definition of Qualified Foreign Corporation...........................................    1545-BD15
2511        Move and Update the Estimated Tax Regulations.........................................    1545-BD17
2512        REMIC Interest-Only Regular Interests.................................................    1545-BD18
2513        Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind      1545-BD19
            Property..............................................................................
2514        Section 42 Qualified Contract Provisions..............................................    1545-BD20
2515        Payments for Which No Return of Information is Required Under Section 6041............    1545-BD21
2516        Definition of Disqualified Person.....................................................    1545-BD28
2517        Coordination of United States and Certain Possessions Income Taxes (Temporary)........    1545-BD32
2518        Guidance on PFIC Purging Elections (Temporary)........................................    1545-BD33
2519        Transfers of Restricted Stock.........................................................    1545-BD44
2520        Transfers of Restricted Stock (Temporary).............................................    1545-BD45
2521        Application of Sections 304(b)(6) and 367 in Cross Border Section 304 Transactions....    1545-BD46
2522        Update of 415 Regulations.............................................................    1545-BD52
2523        Aggregate Computation; Allocation of Research Credit II...............................    1545-BD60
2524        Classification of Indian Tribal Corporations..........................................    1545-BD61
2525        Declaratory Judgment--Gift Tax Value..................................................    1545-BD67
2526        Use of Electronic Technologies for Providing Notices and Transmitting Elections and       1545-BD68
            Consents..............................................................................
2527        Disabled Access Credit................................................................    1545-BD69
2528        Section 704(b)(2) and Substantiality..................................................    1545-BD70
2529        Regulations Under Section 706 Regarding Taxable Year of a Partnership.................    1545-BD71
2530        Shareholder's Basis in Stock of an S Corporation......................................    1545-BD72
2531        Guidance Under Section 6501(c)(1) Regulations.........................................    1545-BD73
2532        Guidance Under Section 707(c) Regarding Guaranteed Payments...........................    1545-BD74
2533        Classification of Certain Foreign Entities............................................    1545-BD77
2534        Possible Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1....    1545-BD81
2535        Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs......    1545-BD82
2536        Guidance Regarding Selected Issues Under Section 336(e)...............................    1545-BD84
2537        Guidance Under Section 79.............................................................    1545-BD85
2538        Definition of the ``Due Date'' for Purposes of Calculating Overpayment Interest Under     1545-BD86
            Section 301.6611(h)...................................................................
2539        Return for Subchapter T Cooperatives..................................................    1545-BD92
2540        Employer's Annual Federal Employment Tax Return--Form 944.............................    1545-BD93
2541        Return for Subchapter T Cooperatives (Temporary)......................................    1545-BD98
2542        Employer's Annual Federal Employment Tax Return--Form 944 (Temporary).................    1545-BE00
2543        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BE02
            Department of Commerce (Temporary)....................................................
2544        Reduction of Fuel Excise Tax Evasion..................................................    1545-BE03
2545        Dye Injection.........................................................................    1545-BE04
2546        Application of Section 6404(g) Suspension Provisions..................................    1545-BE07
2547        Elimination of Country-by-Country Reporting to Shareholders of Foreign Taxes Paid by      1545-BE09
            Regulated Investment Companies........................................................
2548        Information Returns by Donees Relating to Qualified Intellectual Property                 1545-BE11
            Contributions.........................................................................
2549        Intra-Group Gross Receipts Under Section 41...........................................    1545-BE14
2550        Capitalization of Amounts Paid to Repair or Improve Tangible Property.................    1545-BE18
2551        Withholding Exemptions................................................................    1545-BE20
2552        Withholding Exemptions (Temporary)....................................................    1545-BE21
2553        Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004        1545-BE23
            (AJCA)................................................................................
2554        Section 6011 Regulations..............................................................    1545-BE24
2555        Section 6011 Regulations (Temporary)..................................................    1545-BE25
2556        Section 6111 Regulations..............................................................    1545-BE26
2557        Section 6111 Regulations (Temporary)..................................................    1545-BE27
2558        Section 6112 Regulations..............................................................    1545-BE28
2559        Section 6112 Regulations (Temporary)..................................................    1545-BE29
2560        Employer Comparable Contributions To Archer Medical Savings Accounts Under 4980E and      1545-BE30
            Health Savings Accounts Under Section 4980G...........................................
2561        Tractors, Trailers, Trucks, and Tires.................................................    1545-BE31
2562        Domestic Workers Regulation Update (Application of the Federal Insurance Contributions    1545-BE32
            Act To Payments Made for Certain Services)............................................

[[Page 27341]]


2563        Income Attributable to Domestic Production Activities.................................    1545-BE33
2564        Guidance Under Subpart F Relating to Partnerships.....................................    1545-BE34
2565        Release of Lien or Discharge of Property..............................................    1545-BE35
2566        Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004        1545-BE39
            (AJCA) (Temporary)....................................................................
2567        Disregarded Entities and Collections..................................................    1545-BE43
2568        Dye Injection (Temporary).............................................................    1545-BE44
2569        Balanced System for Measuring Organizational and Employee Performance Within the          1545-BE45
            Internal Revenue Service..............................................................
2570        Balanced System for Measuring Organizational and Employee Performance Within the          1545-BE46
            Internal Revenue Service (Temporary)..................................................
2571        Information Returns Required With Respect to Certain Foreign Corporations and Other       1545-BE47
            Conforming Changes....................................................................
2572        Modifications to the De Minimis Deposit Rule Under Section 6302.......................    1545-BE48
2573        Modification to the De Minimis Deposit Rule Under Section 6302 (Temporary)............    1545-BE49
2574        Attained Age of Insured...............................................................    1545-BE53
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2575        Foreign Corporations..................................................................    1545-AK74
2576        Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign           1545-AK79
            Investment in Real Property Tax Act...................................................
2577        Earnings Stripping Payments...........................................................    1545-AO24
2578        Fringe Benefit Sourcing Under Section 861.............................................    1545-AO72
2579        Interest-Free Adjustments.............................................................    1545-AQ61
2580        Definition of ``Highly Compensated Employee''.........................................    1545-AQ74
2581        Escrow Funds and Other Similar Funds..................................................    1545-AR82
2582        Mark-to-Market Upon Disposition.......................................................    1545-AS85
2583        Straddles---Miscellaneous Issues......................................................    1545-AT46
2584        Recomputation of Life Insurance Reserves..............................................    1545-AU49
2585        Definition of Private Activity Bond--Refunding Regulations............................    1545-AU98
2586        Return of Levied Property in Certain Cases............................................    1545-AV01
2587        Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and        1545-AW06
            Commodities...........................................................................
2588        Stocks and Securities Safe Harbor Exception...........................................    1545-AW13
2589        Intercompany Obligations..............................................................    1545-AW30
2590        Capital Gain Guidance Relating to CRTs................................................    1545-AW35
2591        Reporting of Payments to Attorney.....................................................    1545-AW72
2592        Highway Vehicle--Definition...........................................................    1545-AX10
2593        Guidance on Cost Recovery in the Entertainment Industry...............................    1545-AX12
2594        Cash or Deferred Arrangements.........................................................    1545-AX26
2595        Stock Transfer Rules--Carryover of Earnings and Taxes.................................    1545-AX65
2596        Allocation and Apportionment of Interest Expense and Certain Other Expenses...........    1545-AX72
2597        Capitalization of Interest and Carrying Charges Properly Allocable to Straddles.......    1545-AX92
2598        Assumption of Partnership Liabilities.................................................    1545-AX93
2599        Authorized Placement Agency...........................................................    1545-AY18
2600        HIPAA General Nondiscrimination.......................................................    1545-AY32
2601        HIPAA Nondiscrimination Exception for Church Plans....................................    1545-AY33
2602        HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs.....................    1545-AY34
2603        Allocation of Income and Deductions from Intangibles..................................    1545-AY38
2604        Guidance Under Section 355(e); Recognition of Gain on Certain Distributions of Stock      1545-AY42
            or Securities in Connection With an Acquisition.......................................
2605        Election--Asset Acquisitions of Insurance Companies...................................    1545-AY49
2606        Tax Treatment of Cafeteria Plans......................................................    1545-AY67
2607        Normalization.........................................................................    1545-AY75
2608        Mergers Involving Disregarded Entities................................................    1545-BA06
2609        Consolidated Returns; Nonapplicability of Section 357(c)..............................    1545-BA09
2610        Reductions of Accruals and Allocations Because of Increased Age.......................    1545-BA10
2611        Property Exempt from Levy.............................................................    1545-BA22

[[Page 27342]]


2612        Noncompensatory Partnership Options...................................................    1545-BA53
2613        Carryback of Consolidated Net Operating Losses to Separate Return Years...............    1545-BA73
2614        Redemptions Treated as Dividends......................................................    1545-BA80
2615        Reporting Requirements for Widely Held Fixed Investment Trusts........................    1545-BA83
2616        Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens..................    1545-BA86
2617        Aggregate Computation and Allocation of Research Credit...............................    1545-BA88
2618        Designated IRS Officer or Employee....................................................    1545-BA89
2619        Timely Mailing Treatment..............................................................    1545-BA99
2620        Allocation of Foreign Tax Credits Among Partners......................................    1545-BB11
2621        Distributions of Property.............................................................    1545-BB12
2622        Investigative Disclosures.............................................................    1545-BB16
2623        Toll Telephone Service--Definition....................................................    1545-BB18
2624        Duplicative Tax Benefits..............................................................    1545-BB25
2625        Treatment of Services Under Section 482...............................................    1545-BB31
2626        Investment Adjustment Rules and Waiver of Loss Carryovers From SRLY Years--Amended....    1545-BB38
2627        Amendment to Section 6724 Relating to Failure To File Correct Information Returns.....    1545-BB41
2628        Limitation on Use of Nonaccrual Experience Method of Accounting.......................    1545-BB43
2629        Election Out Generation-Skipping Transfer Tax (GST) Deemed Allocations................    1545-BB54
2630        Special Depreciation Allowance........................................................    1545-BB57
2631        Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under        1545-BB64
            Section 403(b)........................................................................
2632        Installment Obligations...............................................................    1545-BB65
2633        Collected Excise Taxes; Duties of Collector...........................................    1545-BB75
2634        Application of Nondiscrimination Cross-Testing Rules To Cash Balance Plans............    1545-BB79
2635        Corporate Reorganizations: Continuity Transfers of Assets or Stock Following a            1545-BB80
            Reorganization........................................................................
2636        Notional Principal Contracts; Contingent Nonperiodic Payments.........................    1545-BB82
2637        Predecessors or Successors Under Section 355(e).......................................    1545-BB85
2638        Guidance Regarding Mark-to-Market Valuation for Certain Securities....................    1545-BB90
2639        Accrual for Certain REMIC Regular Interests...........................................    1545-BB94
2640        Determination of Basis of Securities Received in Exchange or With Respect to a Stock      1545-BC05
            or Securities in Certain Transactions.................................................
2641        Entry of Taxable Fuel.................................................................    1545-BC08
2642        Guidance Necessary To Facilitate Business Electronic Filing...........................    1545-BC15
2643        Contingent at Closing Escrows.........................................................    1545-BC16
2644        Changes in Computing Depreciation.....................................................    1545-BC18
2645        Value of Life Insurance When Distributed From a Qualified Retirement Plan.............    1545-BC20
2646        Special Consolidated Return Rules for Interest Expense Disallowed Under Section           1545-BC23
            265(a)(2).............................................................................
2647        Section 411(d)(6) Protected Benefits..................................................    1545-BC26
2648        Deemed Corporate Election for Electing S Corporations.................................    1545-BC32
2649        Prohibited Allocation of Securities in an S Corporation...............................    1545-BC34
2650        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated      1545-BC38
            Group.................................................................................
2651        Guidance on PFIC Purging Elections....................................................    1545-BC49
2652        Qualified Severance Regulations.......................................................    1545-BC50
2653        Guarantee Fees Under Section 143(g)...................................................    1545-BC59
2654        Predeceased Parent Rule...............................................................    1545-BC60
2655        Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions........    1545-BC61
2656        Guidance Under Section 707 Regarding Disguised Sales..................................    1545-BC63
2657        Section 1045 Application to Partnerships..............................................    1545-BC67
2658        Section 179 Elections.................................................................    1545-BC69
2659        Real Estate Mortgage Investment Conduit (REMIC) Tetra Rules...........................    1545-BC71
2660        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated      1545-BC74
            Group.................................................................................
2661        Exclusion of Employees of 501(c)(3) Organizations in 401(k) and 401(m) Plans..........    1545-BC87
2662        Disclosures to Subcontractors.........................................................    1545-BC92
2663        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated      1545-BC95
            Group; Computation of Taxable Income When Section 108 Applies to a Member of a
            Consolidated Group....................................................................
2664        Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules.....................    1545-BD07
2665        Time and Manner of Making Section 163(d)(4)(B) Election To Treat Qualified Dividend       1545-BD16
            Income as Investment Income...........................................................
2666        Guidance on Phased Retirement.........................................................    1545-BD23
2667        Stock Held by Foreign Insurance Companies.............................................    1545-BD27

[[Page 27343]]


2668        Requirements for Reorganizations......................................................    1545-BD31
2669        LIFO Recapture Under Section 1363(d)..................................................    1545-BD34
2670        Clarification of Definitions..........................................................    1545-BD37
2671        Underpayment for Qualified Amended Returns............................................    1545-BD40
2672        Allocation and Apportionment of Deductions for Charitable Contributions (Temporary)...    1545-BD47
2673        Treatment of Disregarded Entities Under Section 752...................................    1545-BD48
2674        Section 951 Pro Rata Rules............................................................    1545-BD49
2675        HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction With FMLA..    1545-BD51
2676        Continuity of Interest/Stock Fluctuation..............................................    1545-BD53
2677        Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons;         1545-BD54
            Applicability of Section 381..........................................................
2678        Manufacturer Incentive Payments in an Intercompany Transaction........................    1545-BD55
2679        Asset Transfers Following Putative Reorganizations....................................    1545-BD56
2680        Source of Compensation for Labor or Personal Services.................................    1545-BD62
2681        Mandatory e-Filing for Forms 1120.....................................................    1545-BD65
2682        Guidance Under Section 368 Regarding Mergers With and Into a Foreign Corporation......    1545-BD76
2683        Classification of Certain Foreign Entities (Temporary)................................    1545-BD78
2684        Special Rules To Reduce Section 1446 Withholding (Temporary)..........................    1545-BD80
2685        Section 1374 Effective Dates..........................................................    1545-BD95
2686        Flat Rate Supplemental Wage Withholding...............................................    1545-BD96
2687        Disclosure of Relative Values of Optional Forms of Benefit............................    1545-BD97
2688        Designated Roth Contributions Under Cash or Deferred Arrangements Under Section 401(k)    1545-BE05
2689        Information Returns by Donees Relating to Qualified Intellectual Property                 1545-BE12
            Contributions (Temporary).............................................................
2690        Circular 230-Covered Opinion Amendments...............................................    1545-BE13
2691        Exclusions From Gross Income of Foreign Corporations..................................    1545-BE16
2692        Aggregate Computation: Allocation of research Credit II (Temporary)...................    1545-BE17
2693        Residence and Source Rules Involving U.S. Possessions (Temporary).....................    1545-BE22
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2694        Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax      1545-AC09
            and Civil Penalties for Failure To File...............................................
2695        Income Tax--Definition of Qualified Possession Source Investment Income for Purposes      1545-AC10
            of Puerto Rico and Possession Tax Credit..............................................
2696        FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other       1545-AI16
            Special Rules for FSC.................................................................
2697        Information From Passport and Immigration Applicants..................................    1545-AJ93
2698        Income of Foreign Governments and International Organizations.........................    1545-AL93
2699        Clarification of Treatment of Separate Limitation Losses..............................    1545-AM11
2700        Earnings and Profits of Controlled Foreign Corporations...............................    1545-AM90
2701        Caribbean Basin Investments...........................................................    1545-AM91
2702        Consolidated Alternative Minimum Tax..................................................    1545-AN73
2703        Conforming Taxable Years of CFCs and FPHCs............................................    1545-AO22
2704        Registration Required Obligations.....................................................    1545-AP33
2705        Use of GAAP Earnings as E&P of Foreign Corporations...................................    1545-AQ55
2706        The Treatment of Accelerated Death Benefits...........................................    1545-AQ70
2707        Treatment of Dual Consolidated Losses.................................................    1545-AR26
2708        Allocation of Accrued Benefits Between Employer and Employee Contributions............    1545-AT82
2709        Foreign Corporations Regulations......................................................    1545-AT96
2710        Application of Grantor Trust Rules to Nonexempt Employees' Trusts.....................    1545-AU29
2711        Application of Attribution Rules to Foreign Trusts....................................    1545-AU91
2712        Financial Asset Securitization Investment Trust (FASIT) Start-Up; Operational and         1545-AU94
            Transitional Rules....................................................................
2713        Electronic Transmission of Withholding Certificates...................................    1545-AV27
2714        Source of Income From Certain Space and Ocean Activities and for Communications Income    1545-AW50
2715        Constructive Sales of Appreciated Financial Positions.................................    1545-AW97
2716        Special Rules for S Corporations......................................................    1545-AY44

[[Page 27344]]


2717        Normal Retirement Age for Pension Plans...............................................    1545-AY61
2718        Payments For Interest in Partnership..................................................    1545-AY90
2719        Amendment to the Definition of Refunding..............................................    1545-BA46
2720        Allocation and Apportionment Rules: Guidance on Selected Issues.......................    1545-BA64
2721        Earnings and Profits Attribution Principles...........................................    1545-BA93
2722        Mixed Use Output Facilities...........................................................    1545-BB23
2723        Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year.....    1545-BB27
2724        Notarization Requirement for Statements of Purchase...................................    1545-BC11
2725        Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving    1545-BC24
            Related Parties, Pass-Through Entities, or Other Intermediaries.......................
2726        Solid Waste Disposal Facilities.......................................................    1545-BD04
2727        Treatment of Foreign Stapled Corporation..............................................    1545-BD05
2728        Disclosure of Return Information to the Bureau of the Census..........................    1545-BE08
2729        Disclosure of Return Information to the Department of Agriculture.....................    1545-BE15
2730        Definition of Dependent and Other Related Provisions..................................    1545-BE40
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2731        Foreign Trusts Regulations............................................................    1545-AR25
2732        Source Rules for Payments Made Pursuant to Certain Swap Arrangements..................    1545-AU89
2733        Cash or Deferred Arrangements (Temporary).............................................    1545-AX43
2734        HIPAA Portability.....................................................................    1545-AX84
2735        Information Reporting on Cancellation of Indebtedness.................................    1545-AY35
2736        New Market Tax Credit.................................................................    1545-AY87
2737        Gasoline Tax Claims...................................................................    1545-BA27
2738        Treatment of Certain Obligation-Shifting Transactions.................................    1545-BA41
2739        Multifamily Housing Bonds.............................................................    1545-BA45
2740        Loss Limitation Rules.................................................................    1545-BA52
2741        Modification of Check the Box Regulations.............................................    1545-BA59
2742        Circular 230--Tax Shelter Amendments..................................................    1545-BA70
2743        Testimony Authorizations and Requests for IRS Information.............................    1545-BB15
2744        Authorization for IRS To Charge Fees For Copying Exempt Organization Returns..........    1545-BB21
2745        Extension of Time for Filing Returns..................................................    1545-BB29
2746        Information Reporting Relating to Taxable Stock Transactions..........................    1545-BB60
2747        Safe Harbor Leasing Second Interest Capitalization....................................    1545-BB62
2748        Use of Government Depositories in Connection With Tax Under the Federal Unemployment      1545-BB66
            Tax Act...............................................................................
2749        Use of Government Depositories in Connection With Tax Under the Federal Unemployment      1545-BB67
            Tax Act...............................................................................
2750        Qualified Interests...................................................................    1545-BB72
2751        Guidance on Life Insurance and Annuity Contracts......................................    1545-BB77
2752        New Markets Tax Credit Amendments.....................................................    1545-BC03
2753        Tax Exempt Bond Partnership Reporting Regulation......................................    1545-BC04
2754        Timing and Modification of the Section 59(e) Election.................................    1545-BC13
2755        Adjustment to Net Unrealized Built-in Gain............................................    1545-BC29
2756        Elimination of Forms of Distribution in Defined Contribution Plans....................    1545-BC35
2757        Information Reporting Relating to Taxable Stock Transactions (Temporary)..............    1545-BC80
2758        Student FICA Guidance.................................................................    1545-BC81
2759        Interest on Large Corporate Underpayments Under Section 6621(c).......................    1545-BD22
2760        Brief Asset Holding Period (Temporary)................................................    1545-BD38
2761        Brief Asset Holding Period............................................................    1545-BD39
2762        Underpayment for Qualified Amended Returns (Temporary)................................    1545-BD42
2763        Salary Reduction Agreement Under Section 312(a)(5)(D) (Temporary).....................    1545-BD50
2764        REMIC Residuals-Foreign Holders (Temporary)...........................................    1545-BD66
2765        Removal of Section 6661 Regulations...................................................    1545-BD75
2766        Section 1374 Effective Dates (Temporary)..............................................    1545-BD99
2767        Disclosure of Return Information to the Bureau of the Census (Temporary)..............    1545-BE01

[[Page 27345]]


2768        Return Required on Magnetic Media (Temporary).........................................    1545-BE19
----------------------------------------------------------------------------------------------------------------


                                   Office of Thrift Supervision--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2769        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Maintenance: Domestic         1550-AB98
            Capital Modifications.................................................................
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2770        Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord.............    1550-AB56
2771        12 CFR 506 Securities-Related Activities of Savings Associations......................    1550-AB92
2772        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1550-AB94
            Institutions and Creditors............................................................
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2773        Fair Credit Reporting Medical Information Regulations.................................    1550-AB88
2774        Fair Credit Reporting Affiliate Marketing Regulations.................................    1550-AB90
2775        12 CFR 506 EGRPRA Regulatory Review--Application and Reporting Requirements...........    1550-AB93
2776        Special Rules for Adjudicatory Proceedings for Certain Holding Companies..............    1550-AB96
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2777        12 CFR 563e Community Reinvestment Act................................................    1550-AB48
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2778        12 CFR 568 Proper Disposal of Consumer Information Under the Fair and Accurate Credit     1550-AB87
            Transactions Act of 2003..............................................................
2779        Community Reinvestment Act Regulations (Technical Amendment)..........................    1550-AB91
2780        Rules of Practice and Procedure in Adjudicatory Proceedings; Civil Money Penalty          1550-AB95
            Inflation Adjustment..................................................................
2781        12 CFR 568 Interagency Guidance on Response Programs for Unauthorized Access to           1550-AB97
            Customer Information and Customer Notice..............................................
----------------------------------------------------------------------------------------------------------------


[[Page 27346]]

_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Departmental Offices (DO)
_______________________________________________________________________

2261. TERRORISM RISK INSURANCE PROGRAM; RECOUPMENTS OF FEDERAL SHARE OF 
COMPENSATION FOR INSURED LOSSES

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

Legal Authority: Terrorism Risk Insurance Act, title 1, PL 107-297, 116 
Stat 2322; 15 USC 6701 note; 5 USC 301

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, title I, Public Law 107-297, and the Program, 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, 2005. 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                            05/00/05
NPRM Comment Period End         06/00/05
Final Action                    09/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Howard Leikin, Senior Insurance Advisor, Department of 
the Treasury, Office of Financial Institutions, Terrorism Risk 
Insurance Program, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-6770

RIN: 1505-AB10
_______________________________________________________________________

2262. 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 within the United States other than at the port of 
arrival of the merchandise or the location of examination of the 
merchandise.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC23

Agency Contact: Sherri H Braxton, Field Operations Specialist, 
Department of the Treasury, Office of Field Operations, 1300 
Pennsylvania Avenue NW, Washington, DC 20229
Phone: 202 344-1082
Email: sherri.braxton@dhs.gov

RIN: 1505-AB20
_______________________________________________________________________

2263. 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                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

RIN: 1505-AB49
_______________________________________________________________________

2264. 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                            08/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Robert C. Rawls, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1926

RIN: 1505-AB52
_______________________________________________________________________

2265. 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

[[Page 27347]]

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                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Bruce Ingalls, Chief, Collection Section, Department of 
the Treasury, Office of Finance, Indianapolis, IN 46278
Phone: 317 298-1307

RIN: 1505-AB54
_______________________________________________________________________

2266. [bull] FEDERAL BENEFIT PAYMENTS UNDER CERTAIN DISTRICT OF COLUMBIA 
RETIREMENT PLANS

Priority: Substantive, Nonsignificant

Legal Authority: PL 105-33, sec 11001 to 11087; PL 105-33, sec 11251 to 
11253; PL 105-33, sec 11721; PL 105-33, sec 11723 as amended

CFR Citation: 31 CFR 29

Legal Deadline: None

Abstract: The Department of the Treasury proposes to amend its District 
of Columbia Pensions rules promulgated pursuant to the Balanced Budget 
Act of 1997, as amended, which was effective on October 1, 1997. The 
Act assigns to the Secretary of the Treasury responsibility for payment 
of benefits based on service accrued as of June 30, 1997, under the 
retirement plans for District of Columbia teachers and police officers 
and firefighters, and payment of past and future benefits under the 
retirement plan for District of Columbia judges. The amended 
regulations will implement the Secretary's authority under the Act to 
ensure the accuracy of payments made to annuitants before the effective 
date of the Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05
NPRM Comment Period End         07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Elizabeth Cuffe, Attorney-Advisor, Department of the 
Treasury, MT Room 2209A, Office of the General Counsel, 1500 
Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-1682

RIN: 1505-AB55
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Departmental Offices (DO)
_______________________________________________________________________

2267. 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/29/03                     68 FR 4422
NPRM Comment Period End         03/31/03
Final Action                    07/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Chief of Records, Department of the Treasury, Annex-2nd 
Floor, Office of Foreign Assets Control, 1500 Pensylvania Avenue NW., 
Washington, DC 20220
Phone: 202 622-2530
Fax: 202 622-1657

RIN: 1505-AA95
_______________________________________________________________________

2268. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: EXEMPTION 
FOR HOLDINGS SUBJECT TO FIDUCIARY STANDARDS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 78o-5(b)(1)(A); 15 USC 78o-5(b)(4); 15 USC 78o-
5(b)(5); 31 USC 3121; 31 USC 9110

CFR Citation: 17 CFR 450.3

Legal Deadline: None

Abstract: The final rule amends the Government Securities Act 
regulations applicable to custodial holdings of Government securities 
by depository institutions. Specifically, this amendment expands the 
eligibility for the exemption for holdings subject to fiduciary 
standards at 17 CFR part 450.3 to include savings associations examined 
by the Office of Thrift Supervision.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/23/04                    69 FR 56968
NPRM Comment Period End         10/25/04
Final Action                    06/00/05
Final Action Effective          06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 27348]]

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
Fax: 202 504-3635
Email: govsecreg@bpd.treas.gov

Lee Grandy, Associate Director, Department of the Treasury, Government 
Securities Regulations Staff, 799 9th Street NW., Washington, DC 20239
Phone: 202 504-3632
Fax: 202 504-3635
Email: govsecreg@bpd.treas.gov

Kevin Hawkins, Government Securities Specialist, Department of the 
Treasury, Government Securities Regulations Staff, 799 9th Street NW., 
Washington, DC 20239
Phone: 202 504-3632
Fax: 202 504-3635
Email: govsecreg@bpd.treas.gov

RIN: 1505-AB06
_______________________________________________________________________

2269. TERRORISM RISK INSURANCE PROGRAM; ADDITIONAL CLAIMS ISSUES

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

Legal Authority: Terrorism Risk Insurance Act, title 1, PL 107-297, 116 
Stat 2322; 15 USC 6701 note; 5 USC 301

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, title I, Public Law 107-297, and the Program, 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, 2005. This rule provides 
requirements for claims procedures related to the later stages of 
claims administration as well as secondary issues such as procedures in 
case of insurer insolvency. This rule clarifies that for purposes of 
calculating insurer deductibles and meeting the requirements for 
claiming the federal share of compensation, insurer affiliations are 
determined based on the insurer's circumstances as of the date of the 
first certified act of terrorism in a Program Year.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/18/05                     70 FR 2830
NPRM Comment Period End         02/18/05
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Howard Leikin, Senior Insurance Advisor, Department of 
the Treasury, Office of Financial Institutions, Terrorism Risk 
Insurance Program, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622-6770

RIN: 1505-AB09
_______________________________________________________________________

2270. 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 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                    10/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC32

Agency Contact: Monika Rice Brenner, Chief, Special Classification and 
Marking Branch, Department of Homeland Security, Bureau of Customs and 
Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania 
Avenue NW., Washington, DC 20229
Phone: 202 572-8810

Kristen VerSteeg, Attorney-Advisor, Special Classification and Marking 
Branch, Department of the Treasury, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 572-8832

RIN: 1505-AB21
_______________________________________________________________________

2271. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 197; 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 payment of duties, taxes, fees, interest, and other 
charges by any electronic technology or charge cards (either debit or 
credit cards) that are authorized by the Commissioner and by removing 
the limitation that these methods of payment may only be used by 
noncommercial entities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/17/99                    64 FR 13141
NPRM Comment Period End         05/17/99
Final Action                    10/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC40

Agency Contact: Linda Lloyd, Financial Officer, Financial Policy 
Division, Department of the Treasury, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1565

RIN: 1505-AB22

[[Page 27349]]

_______________________________________________________________________

2272. 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                    08/00/05

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
_______________________________________________________________________

2273. 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                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC72

Agency Contact: Cynthia Reese, Senior Attorney, Department of Homeland 
Security, Bureau of Customs and Border Protection, Office of 
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 
20229
Phone: 202 572-8790

RIN: 1505-AB26
_______________________________________________________________________

2274. EXPANDED WEEKLY ENTRY PROCEDURE FOR FOREIGN TRADE ZONES

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 81a to 81u; 19 USC 1202; 19 USC 
1484i; 19 USC 1623; 19 USC 1624

CFR Citation: 19 CFR 146

Legal Deadline: None

Abstract: Amendment in conformance with the Trade and Development Act 
of 2000 to expand the weekly entry procedure for foreign trade zones to 
include merchandise involved in activities other than exclusively 
assembly-line production operations. Under the expanded weekly 
procedure, weekly entries covering estimated removals of merchandise 
from a foreign trade zone for any seven-day period and the associated 
entry summaries will have to be filed exclusively through the Automated 
Broker Interface, with duties, fees, and taxes being scheduled for 
payment through the Automated Clearinghouse.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/25/02                    67 FR 48594
NPRM Comment Period End         09/23/02
To Be Withdrawn                 05/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC74

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

Debbie Scott, Chief, Entry and Drawback Management, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-1962

RIN: 1505-AB27
_______________________________________________________________________

2275. 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

[[Page 27350]]

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                    06/00/05

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, Room 503, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8790

RIN: 1505-AB28
_______________________________________________________________________

2276. 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                    07/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC77

Agency Contact: Dennis Lomax, Accountant, Department of Homeland 
Security, Bureau of Customs and Border Protection, Accounting Services 
Division, Office of Finance, Indianapolis, IN 46278
Phone: 317 298-1200

RIN: 1505-AB29
_______________________________________________________________________

2277. 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 customs 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                    10/00/05

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

Luan Cotter, Operations Officer, Department of the Treasury, Office of 
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-2874

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 Commisisoner, 
Department of the Treasury, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8753

RIN: 1505-AB31
_______________________________________________________________________

2278. SINGLE ENTRY FOR UNASSEMBLED OR DISASSEMBLED ENTITIES IMPORTED ON 
MULTIPLE CONVEYANCES

Priority: Substantive, Nonsignificant

Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624

CFR Citation: 19 CFR 141; 19 CFR 142

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

Abstract: Amendment to allow an importer of record, under certain 
conditions, to submit a single entry to cover multiple portions of a 
single entity which, due to its size or nature, arrives in the United 
States on separate conveyances. Amendment implements statutory changes 
made to the merchandise entry laws by the Tariff Suspension and Trade 
Act of 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/08/02                    67 FR 16664
NPRM Comment Period End         06/07/02
Final Action                    07/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AC94

Agency Contact: Gina Grier, Attorney, Entry Procedures and Carriers 
Branch, Department of Homeland Security, Bureau of Customs and Border 
Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 
NW., Washington, DC 20229
Phone: 202 572-8730

Robert E. Watt, Department of the Treasury, Office of Field Operations,

[[Page 27351]]

1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-2663

RIN: 1505-AB34
_______________________________________________________________________

2279. IMPLEMENTATION OF THE ANDEAN TRADE PROMOTION AND DRUG ERADICATION 
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 
3203; 19 USC 3314

CFR Citation: 19 CFR 10; 19 CFR 163

Legal Deadline: None

Abstract: Amendment to implement the trade benefit provisions for 
Andean countries contained in title XXXI of the Trade Act of 2002. The 
trade benefits under title XXXI, also referred to as the Andean Trade 
Promotion and Drug Eradication Act (the ATPDEA), apply to Andean 
countries specifically designated by the President for ATPDEA purposes. 
The ATPDEA trade benefits involve the entry of specific apparel and 
other textile articles free of duty and free of any quantitative 
restrictions, limitations, or consultation levels, the extension of 
duty-free treatment to specified nontextile articles normally excluded 
from duty-free treatment under the Andean Trade Preference Act (ATPA) 
program if the President finds those articles to be not import-
sensitive in the context of the ATPDEA, and the entry of certain 
imports of tuna free of duty and free of any quantitative restrictions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/25/03                    68 FR 14478
Interim Final Rule Effective    03/25/03
Interim Final Rule Comment 
Period End                      05/27/03
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD19

Agency Contact: Cynthia Reese, Senior Attorney, Department of the 
Treasury, Room 503, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8790

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-AB37
_______________________________________________________________________

2280. 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 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                    08/00/05

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, Room 503, 
Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 572-8790

RIN: 1505-AB38
_______________________________________________________________________

2281. FEES FOR CUSTOMS PROCESSING AT EXPRESS COURIER 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 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. Section 2004(f) amends the user fee statute to authorize, 
for merchandise that is formally entered at these sites, the 
reimbursement of merchandise processing fees provided for in 19 U.S.C. 
58c(a)(9) in addition to the existing reimbursement of $.66 per 
individual airway bill or bill of lading. The effect of the statutory 
amendments is to replace the annual lump sum payment procedure with a 
quarterly payment procedure based on a specific fee for each individual 
airway bill or bill of lading.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 27352]]

Additional Information: Transferred from RIN 1515-AD21

Agency Contact: Joseph Lanzante, Operations Officer, Department of the 
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 344-2675

RIN: 1505-AB39
_______________________________________________________________________

2282. 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                    06/00/05

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, Room 503, 
Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., 
Washington, DC 20229
Phone: 202 572-8790

RIN: 1505-AB40
_______________________________________________________________________

2283. TARIFF TREATMENT RELATED TO DISASSEMBLY OPERATIONS UNDER THE NORTH 
AMERICAN FREE TRADE AGREEMENT (NAFTA)

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: Amendment to amend the Customs and Border Protection 
Regulations concerning the North American Free Trade Agreement (NAFTA) 
to allow components that are recovered from the disassembly of used 
goods in a NAFTA country to be entitled to NAFTA originating status 
when imported into the United States, provided that: 1) the recovered 
components satisfy the applicable NAFTA rules of origin requirements; 
and 2) where the applicable rule of origin does not include a regional 
value content requirement, the components are subject to further 
processing in the NAFTA country beyond certain minor operations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/13/03                    68 FR 12011
NPRM Comment Period End         05/12/03
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1515-AD23

Agency Contact: Shari Suzuki, Attorney, International Agreements Staff, 
Department of the Treasury, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue, NW, Washington, DC 20229
Phone: 202 572-8818

RIN: 1505-AB41
_______________________________________________________________________

2284. 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                    12/00/05

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
_______________________________________________________________________

2285. 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

[[Page 27353]]

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              07/00/05

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
_______________________________________________________________________

2286. 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                    08/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Paul Pizzeck, Attorney, Intellectual Property Rights 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8710

George F. McCray, Chief, Intellectual Property Rights Branch, 
Department of the Treasury, Office of Regulations and Rulings, 1300 
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8709

RIN: 1505-AB51
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Departmental Offices (DO)
_______________________________________________________________________

2287. 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
_______________________________________________________________________

2288. FINANCIAL ACTIVITIES OF FINANCIAL SUBSIDIARIES

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/20/00                    65 FR 14819
Interim Final Rule Effective    03/14/00
Interim Final Rule Comment 
Period End                      05/15/00


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: gary.sutton@do.treas.gov

RIN: 1505-AA80
_______________________________________________________________________

2289. 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: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: gary.sutton@do.treas.gov

RIN: 1505-AA81
_______________________________________________________________________

2290. 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: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974

[[Page 27354]]

Email: gary.sutton@do.treas.gov

RIN: 1505-AA84
_______________________________________________________________________

2291. SECRETARY'S DETERMINATION OF OTHER ACTIVITIES FINANCIAL IN NATURE

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 1501.2

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/02/01                      66 FR 257
Interim Final Rule Effective    01/02/01
Interim Final Rule Comment 
Period End                      02/02/01


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: gary.sutton@do.treas.gov

RIN: 1505-AA85
_______________________________________________________________________

2292. 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: 317 298-1200

RIN: 1505-AB11
_______________________________________________________________________

2293. 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: 317 298-1200

RIN: 1505-AB12
_______________________________________________________________________

2294. 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
_______________________________________________________________________

2295. 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)
_______________________________________________________________________

2296. PROTOTYPES USED SOLELY FOR PRODUCT DEVELOPMENT, TESTING, 
EVALUATION, OR QUALITY CONTROL PURPOSES

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 10; 19 CFR 163

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/02/04                    69 FR 63445
Final Action Effective          12/02/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Richard Wallio
Phone: 202 344-2556

RIN: 1505-AB32
_______________________________________________________________________

2297. PREFERENTIAL TREATMENT OF BRASSIERES UNDER THE UNITED STATES-
CARIBBEAN BASIN TRADE PARTNERSHIP ACT

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 10; 19 CFR 163

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/30/04                    69 FR 69511
Final Action Effective          12/30/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Cynthia Reese
Phone: 202 572-8790

Brian Fennessy
Phone: 202 344-2272

RIN: 1505-AB33

[[Page 27355]]

_______________________________________________________________________

2298. MERCHANDISE PROCESSING FEES ELIGIBLE TO BE CLAIMED AS CERTAIN 
TYPES OF DRAWBACK BASED ON SUBSTITUTION OF FINISHED PETROLEUM 
DERIVATIVES

Priority: Substantive, Nonsignificant

CFR Citation: 19 CFR 191

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    10/07/04                    69 FR 60082
Final Action Effective          11/08/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: William G. Rosoff
Phone: 202 572-8807

RIN: 1505-AB44
_______________________________________________________________________

2299. [bull] EXTENSION OF IMPORT RESTRICTIONS IMPOSED ON CERTAIN 
CATEGORIES OF ARCHAEOLOGICAL MATERIAL FROM THE PREHISPANIC CULTURES OF 
THE REPUBLIC OF EL SALVADOR

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 
2612

CFR Citation: 19 CFR 12

Legal Deadline: None

Abstract: Amendment of title 19 of the Code of Federal Regulations to 
reflect the extension for an additional five years of the import 
restrictions on certain categories of archaeological material from the 
Prehispanic cultures of the Republic of El Salvador. These restrictions 
are being extended pursuant to determinations of the U. S. Department 
of State made under the terms of the Convention on Cultural Property 
Implementation Act in accordance with the United Nations Educational, 
Scientific, and Cultural Organization Convention on the Means of 
Prohibiting and Preventing the Illicit Import, Export, and Transfer of 
Ownership of Cultural Property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Effective          03/08/05
Final Action                    03/09/05                    70 FR 11539

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Joseph Howard, Attorney, Intellectual Property Rights 
Branch, Department of the Treasury, Office of Regulations and Rulings, 
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8701

RIN: 1505-AB56
BILLING CODE 4810--25--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2300. 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 pawn brokers 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                           12/00/05

Regulatory Flexibility Analysis Required: Undetermined

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-AA39
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2301. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF 
AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5321(e), Bank Secrecy Act

CFR Citation: 31 CFR 103

Legal Deadline: None

Abstract: This notice of proposed rulemaking proposes to delegate to 
the appropriate Federal banking regulatory agencies the authority to 
assess civil money penalties on depository institutions for violations 
of the Bank Secrecy Act. The regulation would prescribe the parameters 
of the delegated authority.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

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-AA08
_______________________________________________________________________

2302. CUSTOMER IDENTIFICATION PROGRAMS FOR TRAVEL AGENTS

Priority: Substantive, Nonsignificant

Legal Authority: PL 107-56, sec 326

CFR Citation: Not Yet Determined

[[Page 27356]]

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                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

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-AA38
_______________________________________________________________________

2303. 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                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

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-AA40
_______________________________________________________________________

2304. 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 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                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

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-AA41
_______________________________________________________________________

2305. 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                            12/00/05

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-AA69
_______________________________________________________________________

2306. 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                            12/00/05

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-AA73

[[Page 27357]]

_______________________________________________________________________

2307. 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                            12/00/05

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-AA79
_______________________________________________________________________

2308. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR BUSINESSES ENGAGED IN VEHICLE SALES, INCLUDING 
AUTOMOBILES, 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

________________________________________________________________________

NPRM                            12/00/05

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-AA80
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2309. 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                    12/00/05

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-AA15
_______________________________________________________________________

2310. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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-AA23

[[Page 27358]]

_______________________________________________________________________

2311. 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                    12/00/05

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-AA25
_______________________________________________________________________

2312. DUE DILIGENCE REQUIREMENTS FOR CORRESPONDENT ACCOUNTS AND PRIVATE 
BANKING ACCOUNTS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 5318(i)

CFR Citation: 31 CFR 103.175 to 103.178

Legal Deadline: Final, Statutory, July 23, 2002, Public Law 107-56, sec 
312.

Abstract: Section 5318(i) of 31 U.S.C., added by section 312 of the 
Uniting and Strengthening America by Providing Appropriate Tools 
Required to Intercept and Obstruct Terrorism Act (USA PATRIOT Act) of 
2001, requires U.S. financial institutions to establish due diligence 
policies, procedures, and controls reasonably designed to detect and 
report money laundering through correspondent accounts and private 
banking accounts that U.S. financial institutions establish or maintain 
for non-U.S. persons. Section 312 takes effect on July 23, 2002, 
whether or not Treasury has issued a final rule implementing that 
provision.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/30/02                    67 FR 37736
NPRM Comment Period End         07/01/02
Interim Final Rule              07/23/02                    67 FR 48347
Interim Final Rule Effective    07/23/02
Interim Final Rule Comment 
Period End                      08/22/02
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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-AA29
_______________________________________________________________________

2313. 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 Action                    05/09/03                    68 FR 25090
NPRM Comment Period End         06/23/03
Final Action                    06/00/05

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-AA31
_______________________________________________________________________

2314. FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK 
SECRECY ACT REGULATIONS REQUIREMENT THAT INSURANCE COMPANIES REPORT 
SUSPICIOUS TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5332

CFR Citation: 31 CFR 103.16

Legal Deadline: None

Abstract: This document will require insurance companies to report 
suspicious transactions to the Department of the Treasury. The 
amendments constitute 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 
a part of the counter-money laundering program of the Department of the 
Treasury.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/17/02                    67 FR 64067
NPRM Comment Period End         12/16/02
Final Action                    06/00/05

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-AA36

[[Page 27359]]

_______________________________________________________________________

2315. 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 
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 Action                    06/00/05

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
_______________________________________________________________________

2316. 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                    12/00/05

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-AA43
_______________________________________________________________________

2317. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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-AA61
_______________________________________________________________________

2318. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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-AA64
_______________________________________________________________________

2319. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 27360]]

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-AA65
_______________________________________________________________________

2320. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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-AA67
_______________________________________________________________________

2321. 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

________________________________________________________________________

Final Action                    06/00/05

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
_______________________________________________________________________

2322. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY 
LAUNDERING PROGRAMS FOR INSURANCE 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 insurance companies, as 
defined in the Bank Secrecy Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/00/05

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-AA70
_______________________________________________________________________

2323. 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

________________________________________________________________________

Final Action                    12/00/05

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-AA71
_______________________________________________________________________

2324. 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

________________________________________________________________________

Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Office of the Chief Counsel, Department of the 
Treasury,

[[Page 27361]]

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
_______________________________________________________________________

2325. 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

________________________________________________________________________

Final Action                    12/00/05

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-AA74
_______________________________________________________________________

2326. 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

________________________________________________________________________

Final Action                    12/00/05

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-AA75
_______________________________________________________________________

2327. 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

________________________________________________________________________

Final Action                    12/00/05

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-AA76
_______________________________________________________________________

2328. 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

________________________________________________________________________

Final Action                    12/00/05

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
_______________________________________________________________________

2329. 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)

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

________________________________________________________________________

Final Action                    06/00/05

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-AA78

[[Page 27362]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________

2330. 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: Office of the Chief Counsel
Phone: 703 905-3590
Fax: 703 905-3735

RIN: 1506-AA19
BILLING CODE 4820--02--S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________

2331. 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; and 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. The 
NPRM is on hold pending implementation of the Expanded Check Forgery 
Insurance Fund Legislation (CFIF) and the Treasury Check Information 
System (TCIS).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Ella White, Program Analyst, Department of the 
Treasury, Financial Management Service, Room 8D25, 3700 East-West 
Highway, Hyattsville, MD 20782
Phone: 202 874-8445
Email: ella.white@fms.treas.gov

RIN: 1510-AA51
_______________________________________________________________________

2332. PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS

Priority: Substantive, Nonsignificant

Legal Authority: PL 104-53; PL 104-316; 28 USC 2414; 28 USC 2517; 31 
USC 1304

CFR Citation: 31 CFR 256

Legal Deadline: None

Abstract: This regulation governs the procedures for securing payment 
for money judgments against the United States. The proposed revision 
will update these procedures. This revision will benefit claimants and 
others in understanding the judgment payment process. This regulation 
currently describes a process that involves the General Accounting 
Office (GAO) and the Treasury Department. The revision will remove the 
GAO from this description to reflect legislative amendments that effect 
this change. Also, the regulation currently identifies monetary 
thresholds that no longer exist. The change will reflect the removal of 
these monetary limitations. These revisions will make the regulation 
consistent with current procedures for securing payment of money 
judgments against the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/08/96                      61 FR 552
NPRM Comment Period End         02/07/96
NPRM                            09/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Vivian Cooper, Director, Financial Accounting and 
Services Division, Department of the Treasury, Financial Management 
Service, Room 620D, 3700 East-West Highway, Hyattsville, MD 20782
Phone: 202 874-8380
Email: vivian.cooper@fms.treas.gov

RIN: 1510-AA52
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________

2333. SALARY OFFSET

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 5514

CFR Citation: 31 CFR 285.7

Legal Deadline: None

Abstract: This rule governs the centralized computer matching of 
Federal employee records for purposes of salary offset to collect 
nontax delinquent debt owed the Federal Government.

[[Page 27363]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/28/98                    63 FR 23353
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, Room 448B, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA70
_______________________________________________________________________

2334. 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              12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State, Tribal

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, Room 448B, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA91
_______________________________________________________________________

2335. FEDERAL GOVERNMENT PARTICIPATION IN THE ACH

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 5525; 12 USC 391; 31 USC 321; 31 USC 3301; 31 
USC 3302; 31 USC 3321; 31 USC 3332; 31 USC 3335; 31 USC 3720

CFR Citation: 31 CFR 210

Legal Deadline: None

Abstract: FMS reviews the private sector ACH operating rules on a 
yearly basis and adopts, changes, or declines each rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Matthew R. Friend, Acting Director, Settlement Services 
Division, Department of the Treasury, Financial Management Service, 401 
14th Street SW., Washington, DC 20227
Phone: 202 874-1251
Fax: 202 874-8644
Email: matthew.friend@fms.treas.gov

RIN: 1510-AB00
_______________________________________________________________________

2336. PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM

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

Legal Authority: 12 USC 90; 12 USC 265; 12 USC 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              05/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Laura Carrico, Acting Director, Investment Management 
Division, Department of the Treasury, Financial Management Service, 401 
14th Street SW., Washington, DC 20227
Phone: 202 874-7119
Email: laura.carrico@fms.treas.gov

RIN: 1510-AB01
_______________________________________________________________________

2337. [bull] ADMINISTRATIVE WAGE GARNISHMENT CLARIFICATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 31 USC 3720D

CFR Citation: 31 CFR 285.11

Legal Deadline: None

Abstract: The Debt Collection Improvement Act of 1996, Public Law 104-
134 (April 26, 1996) authorizes Federal agencies collecting a 
delinquent nontax debt to garnish administratively the wages of the 
debtor to collect the delinquent debt. A final rule implementing this 
authority was published in the Federal Register on May 6, 1998, at 63 
FR 25135. This rule will clarify the meaning of certain terms used in 
the final rule, as well as clarify certain procedures described in the 
final rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal, Local, State

Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt 
Management Service, Department of the Treasury, Financial Management 
Service, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov

Related RIN: Related to 1510-AA67
RIN: 1510-AB02

[[Page 27364]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Financial Management Service (FMS)
_______________________________________________________________________

2338. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL 
BENEFIT PAYMENTS) TO COLLECT PAST-DUE, LEGALLY ENFORCEABLE NONTAX DEBT

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.5

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      01/21/05                     70 FR 3415

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA65
_______________________________________________________________________

2339. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL 
BENEFIT PAYMENTS) TO COLLECT PAST-DUE DEBTS OWED TO STATES (OTHER THAN 
CHILD SUPPORT)

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.6

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/14/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: State

Federalism:  Undetermined

Agency Contact: Gerry Isenberg
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA66
_______________________________________________________________________

2340. PUBLIC DISSEMINATION OF IDENTITY OF DELINQUENT DEBTORS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.14

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/14/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal

Agency Contact: Gerry Isenberg
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA72
_______________________________________________________________________

2341. OFFSET OF TAX REFUND PAYMENT TO COLLECT STATE INCOME TAX 
OBLIGATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 285.8

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/26/05                     70 FR 3616

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Federal, State

Agency Contact: Gerry Isenberg
Phone: 202 874-6804
Email: gerald.isenberg@fms.treas.gov

RIN: 1510-AA78
_______________________________________________________________________

2342. SURETY BOND REIMBURSEMENT FUND

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

CFR Citation: 31 CFR 223

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/14/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Federalism:  Undetermined

Agency Contact: Vivian Cooper
Phone: 202 874-8380
Email: vivian.cooper@fms.treas.gov

RIN: 1510-AA85
_______________________________________________________________________

2343. INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE U.S. TREASURY

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 240

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/01/04                    69 FR 17274

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Agency Contact: Ronald Lee Brooks
Phone: 202 874-7573
Fax: 202 874-2294
Email: ronald.brooks@fms.treas.gov

Related RIN: Related to 1510-AA51
RIN: 1510-AA99
BILLING CODE 4810--35--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________

ALCOHOL
____________________________________________________
2344. [bull] PROPOSED REVISIONS TO THE BEER REGULATIONS

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

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                           05/00/05
ANPRM Comment Period End        08/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

[[Page 27365]]

Agency Contact: RaMona Hupp, Writer-Editor, Department of the Treasury, 
Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street 
NW., Washington, DC 20220
Phone: 202 927-2166
Fax: 202 927-8525
Email: ramona.hupp@ttb.gov

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

2345. [bull] LABELING AND ADVERTISING OF WINES, DISTILLED SPIRITS, AND 
MALT BEVERAGES

Priority: Other Significant

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 the 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                           05/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Specialist, 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: lisa.gesser@ttb.gov

RIN: 1513-AB07
_______________________________________________________________________

2346. [bull] ALLERGEN LABELING FOR ALCOHOL BEVERAGES

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

Legal Authority: 27 USC 205(e)

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

Legal Deadline: None

Abstract: Pursuant to the House Committee Report accompanying the Food 
Allergen Labeling and Consumer Protection Act of 2004 (Pub. L. 108-
282), TTB will consider how to appropriately apply allergen labeling to 
beverage alcohol products. We will consider how allergen labeling for 
these products will operate within our existing labeling regulations 
and with FDA regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/00/05
NPRM                            08/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jessica M. Bungard, 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: jessica.bungard@ttb.gov

RIN: 1513-AB08
_______________________________________________________________________

2347. 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
ANPRM                           05/00/05

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: joanne.brady@ttb.treas.gov

RIN: 1513-AA00

[[Page 27366]]

_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________

ALCOHOL
____________________________________________________
2348. 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; 27 CFR 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 Packaging04/00/06
Revised NPRM-Deceptive Packaging04/00/06

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AB89

Agency Contact: Lisa M. Gesser, TTB Specialist, 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: lisa.gesser@ttb.treas.gov

RIN: 1513-AA07
_______________________________________________________________________

2349. [bull] WAHLUKE SLOPE VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Wahluke Slope Wine Grape Growers Association proposes the 
establishment of the 81,000-acre Wahluke Slope viticultural area in 
eastern Washington State. It is approximately 145 miles southeast of 
Seattle, Washington, and just north of the Hanford Reservation, U.S. 
Department of Energy (DOE). There are currently 5,200 acres of vineyard 
land, as of the November 2004 petition date. The major distinguishing 
factors include its single landform and geographic isolation, 
distinctive soil patterns, and unique climate characteristics. A notice 
of proposed rulemaking is in review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

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, 1310 G Street NW., 
Room 200 East, Washington, DC 20220
Phone: 415 271-1254
Fax: 707-778-6349
Email: nancy.sutton@ttb.gov

RIN: 1513-AB01
_______________________________________________________________________

2350. [bull] PETITION TO ESTABLISH SAN ANTONIO VALLEY AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing ``San Antonio Valley'' 
as a new American viticultural area in California.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/05

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: jennifer.berry@ttb.gov

RIN: 1513-AB02
_______________________________________________________________________

2351. [bull] DENATURED SPIRITS, ARTICLES, AND NONBEVERAGE PRODUCTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 19; 27 CFR 20; 27 CFR 27; 27 CFR 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                            10/00/05
NPRM Comment Period End         12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Steven C. Simon, TTB Specialist, 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: steven.simon@ttb.gov

RIN: 1513-AB03
_______________________________________________________________________

2352. [bull] 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. These 
will give guidance on operations,

[[Page 27367]]

taxpayment, recordkeeping, reporting, and segregation of products made 
by separate brewers. TTB will first issue interpretative guidelines in 
the form of an industry memorandum or industry circular prior to 
proposing regulations on the subject.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Charles N. Bacon, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 5056, 
Beverly Farms, MA 01915
Phone: 978 921-1840
Fax: 978 921-1840
Email: charles.bacon@ttb.gov

RIN: 1513-AB09
_______________________________________________________________________

Administrative/Procedures
____________________________________________________
2353. AVAILABILITY OF INFORMATION

Priority: Info./Admin./Other

Legal Authority: 26 USC 6103; 5 USC 552; 5 USC 552(a)

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: TTB is revising and consolidating in one new part of its 
regulations all regulatory provisions that deal with the availability 
of information. This new part will include rules regarding the 
disclosure of information pursuant to the Freedom of Information Act 
and the Privacy Act of 1974 and in connection with litigation or other 
legal proceedings.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jessica Bungard, Management Analyst, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., 
Room 200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: jessica.bungard@ttb.gov

RIN: 1513-AA98
_______________________________________________________________________

TOBACCO PRODUCTS
____________________________________________________
2354. [bull] DETERMINATION OF SALE PRICE OF LARGE CIGARS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5701; 26 USC 5702; 26 USC 7805

CFR Citation: 27 CFR 40.22

Legal Deadline: None

Abstract: TTB will address how the sale price is determined on large 
cigars for excise tax purposes. We will provide guidance on issues such 
as exclusions from the sale price, rebates, promotions, discounts, and 
the treatment of large cigars given free as samples.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Amy J. Rogers, 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: amy.rogers@ttb.gov

RIN: 1513-AB10
_______________________________________________________________________

2355. DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 5701; 27 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. 
Industry Circular 91-3 addressed questions about determining the amount 
of tax for large cigars based on their sale price. In addition, this 
notice proposes: 1) to give guidance on tax adjustments for large 
cigars provided at no cost in connection with a sale; and 2) 
recordkeeping requirements for persons in Puerto Rico, who bring large 
cigars upon prepayment or deferred payment of tax into the United 
States from Puerto Rico.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC22

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA16
_______________________________________________________________________

2356. PROPOSED REVISIONS TO THE DISTILLED SPIRITS PLANT REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 19

Legal Deadline: None

Abstract: TTB is proposing to amend the distilled spirits plant 
regulations in 27 CFR part 19. Many of these proposed revisions are the 
result of a petition submitted by the Distilled Spirits Council of the 
United States (DISCUS). Other proposed revisions are

[[Page 27368]]

a result of TTB's own comprehensive review of the regulations in 27 CFR 
part 19. TTB believes that the amendments proposed in this notice will 
benefit the distilled spirits industry by modernizing many of the 
requirements for operating distilled spirits plants and thereby allow 
proprietors to operate in a more efficient manner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC52

Agency Contact: Daniel J. Hiland, Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., 
Room 200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: daniel.hiland@ttb.gov

RIN: 1513-AA23
_______________________________________________________________________

2357. REGULATORY CHANGES FROM CUSTOMS SERVICE FINAL RULE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 44

Legal Deadline: None

Abstract: The temporary rule prescribes TTB regulations relating to a 
final rule (T.D. 92-181, 57 FR 37692), published by the former U.S. 
Customs Service (Customs). Customs published this final rule to create 
a separate class of customs bonded warehouse duty-free store (class 9). 
A class 9 customs bonded warehouse may receive tobacco products or 
cigarette papers or tubes without payment of Federal excise tax. The 
temporary rule prescribes the regulations that allow a manufacturer of 
tobacco products or cigarette papers and tubes and an export warehouse 
proprietor to send such articles to a class 9 customs bonded warehouse. 
In addition, the temporary rule prescribes regulations that allow a 
proprietor of a customs bonded manufacturing warehouse to send such 
cigars to a class 9 customs bonded warehouse. This notice of proposed 
rulemaking invites comments on the temporary rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC56

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA26
_______________________________________________________________________

2358. SHIPMENTS OF TOBACCO PRODUCTS OR CIGARETTE PAPERS OR TUBES WITHOUT 
PAYMENT OF TAX

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 40; 27 CFR 275

Legal Deadline: None

Abstract: The proposed rule clarifies regulations and establishes 
procedures governing tobacco products or cigarette papers or tubes 
brought in bond from Puerto Rico to the United States. In addition, the 
proposed rule would allow a manufacturer of tobacco products to receive 
in bond, cigarette papers and tubes for placement in packages of roll-
your-own tobacco, and would eliminate filing bond extensions for 
tobacco products and cigarette papers or tubes from the U.S. Virgin 
Islands.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC57

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA27
_______________________________________________________________________

2359. TAX-PAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT 
FOR BEVERAGE USE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5010; 26 USC 5131 to 5134; 26 USC 5143; 26 USC 
5206; 26 USC 5273; . . .

CFR Citation: 27 CFR 17

Legal Deadline: None

Abstract: TTB proposes to amend the regulations on tax-paid distilled 
spirits used to manufacture nonbeverage products to allow manufacturers 
to use natural and artificial one percent solutions without having to 
file Form 5154.1, Formula and Process for Nonbeverage Product. This 
proposal is part of an ongoing effort to streamline the TTB Alcohol and 
Tobacco Laboratory's flavor formula approval process.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC73

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA37
_______________________________________________________________________

2360. PROPOSED ADDITION OF NEW GRAPE VARIETY NAMES FOR AMERICAN WINES

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 4

[[Page 27369]]

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                            09/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC79

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: jennifer.berry@ttb.gov

RIN: 1513-AA42
_______________________________________________________________________

2361. MARKS, LABELS, NOTICES, AND BONDS FOR, AND REMOVAL OF, TOBACCO 
PRODUCTS, AND CIGARETTE PAPERS AND TUBES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5704; 26 USC 7805

CFR Citation: 27 CFR 40; 27 CFR 275

Legal Deadline: None

Abstract: This notice of proposed rulemaking requires labels, notices, 
and marks for removals, in bond, of tobacco products or cigarette 
papers and tubes that are not in packages. This notice proposes new 
sections that prohibit the removal of tobacco products or cigarette 
papers or tubes that are not in packages for domestic uses. Packages 
are the immediate containers in which a manufacturer or importer places 
the tobacco products or cigarette papers or tubes for sale or delivery 
to the consumer. Also, this notice broadens the language for extending 
bonds so that manufacturers may receive tobacco products, cigarette 
papers and tubes, without payment of tax, from Puerto Rico. This notice 
may affect the operations conducted by manufacturers of tobacco 
products or cigarette papers and tubes and importers of tobacco 
products.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC90

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA49
_______________________________________________________________________

2362. PETITION TO ESTABLISH ``SANTA MARIA BENCH'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

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 
3,200 acres, with 1,500 acres planted to wine grapes, and is within the 
established Santa Maria and the Central Coast viticultural areas.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC93

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA51
_______________________________________________________________________

2363. IN-TRANSIT STOPS OF TOBACCO PRODUCTS, AND CIGARETTE PAPERS AND 
TUBES WITHOUT PAYMENT OF TAX

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 5704

CFR Citation: 27 CFR 40; 27 CFR 44

Legal Deadline: None

Abstract: This notice is the result of a petition from the Cigar 
Association of America and the Pipe Tobacco Council. The petition 
requests that TTB change its position regarding in-transit stops of 
tobacco products and cigarette papers and tubes after removal without 
payment of tax from a factory. TTB has taken the position that the law 
provides that manufacturers may remove the tobacco products and 
cigarette papers and tubes by paying the excise tax and subsequently 
filing a claim for drawback. This notice proposes to clarify the 
regulations to recognize such in-transit stops and specifies records 
that manufacturers and export warehouse proprietors maintain relating 
to the removals without payment of tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC95

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA52
_______________________________________________________________________

2364. PETITION TO EXPAND THE LIVERMORE VALLEY VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition proposing to expand the boundaries of

[[Page 27370]]

approved American viticultural area Livermore Valley located in the 
State of California. The proposed expanded boundaries encompass 
approximately 259,000 acres, of which 4,355 acres are devoted to 
vineyards. The expansion would add approximately 163,000 acres, 120 
acres of vineyards, and four wineries to the area. The notice of 
proposed rulemaking (NPRM) is being reviewed. The NPRM includes 
expansions of the Central Coast and San Francisco Bay American 
viticultural areas. All three will be published together.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC99

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: nancy.sutton@ttb.gov

RIN: 1513-AA54
_______________________________________________________________________

2365. SAN FRANCISCO BAY AND CENTRAL COAST VITICULTURAL AREAS--BOUNDARY 
REALIGNMENT/EXPANSION

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB received a petition proposing an expansion/realignment of 
the boundaries of approved American viticultural areas San Francisco 
Bay and Central Coast located in the State of California. In total, the 
proposed expanded boundaries encompass approximately 20,000 acres. The 
notice of proposed rulemaking (NPRM) is being reviewed. The NPRM 
includes expansion of the Livermore Valley American viticultural area. 
All three will be published together.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD00

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: nancy.sutton@ttb.gov

RIN: 1513-AA55
_______________________________________________________________________

2366. PETITION TO ESTABLISH THE ``FORT ROSS SEAVIEW'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

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. A significant distinguishing factor of the 
viticultural area, based on its 920 feet and 1,800 feet elevations, is 
the sunny and warm growing season that contrasts to the surrounding 
foggy and cooler lower elevations. A draft notice of proposed 
rulemaking is in review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA64
_______________________________________________________________________

2367. PETITION TO ESTABLISH THE ``SHAWNEE HILLS'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

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                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rita Butler, Writer-Editor, 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: rita.butler@ttb.treas.gov

RIN: 1513-AA70
_______________________________________________________________________

2368. PROPOSED ESTABLISHMENT OF ALTA MESA VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas (LAVA) Steering 
Committee proposes the establishment of the 55,400-acre ``Alta Mesa'' 
viticultural area in the north central portion of the established Lodi 
viticultural area. The most distinguishing features of the area include 
``Alta Mesa,'' a table-top landform, and San Joaquin soil series that 
dominates 90 percent of the land. The Committee is petitioning for 
seven new viticultural areas within the original Lodi viticultural area 
boundaries. A notice of proposed rulemaking is being reviewed.

[[Page 27371]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA82
_______________________________________________________________________

2369. PROPOSED ESTABLISHMENT OF THE COSUMNES RIVER VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas (LAVA) Steering 
Committee proposes to establish the 54,700-acre ``Cosumnes River'' 
viticultural area in the northwest portion of the established Lodi 
viticultural area. The most distinguishing features of the area include 
the cool and windy climate, alluvial soils, and low elevation terrain. 
The Committee is petitioning for seven new viticultural areas within 
the boundaries of the original Lodi viticultural area. A notice of 
proposed rulemaking is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA83
_______________________________________________________________________

2370. PROPOSED ESTABLISHMENT OF SLOUGHHOUSE VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas (LAVA) Steering 
Committee proposes to establish the 78,800-acre ``Sloughhouse'' 
viticultural area within the northeast portion of the established Lodi 
viticultural area. The distinctive viticultural environment of the 
proposed Sloughhouse viticultural area includes warm temperatures, 
significant rain and fog, high elevations, and old soils. The Committee 
is petitioning for seven new viticultural areas within the original 
boundaries of the Lodi viticultural area. A notice of proposed 
rulemaking is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA84
_______________________________________________________________________

2371. PROPOSED ESTABLISHMENT OF MOKELUMNE RIVER VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas (LAVA) Steering 
Committee proposes the establishment of the 85,700-acre ``Mokelumne 
River'' viticultural area in the southwest portion of the established 
Lodi viticultural area. The most distinguishing factors of the area 
include the alluvial fan with its topography and geology in contrast to 
the surrounding areas, and the cool, breezy climate. The Committee is 
petitioning for seven new viticultural areas within the original Lodi 
viticultural area. A notice of proposed rulemaking is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA85
_______________________________________________________________________

2372. PROPOSED ESTABLISHMENT OF JAHANT VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas (LAVA) Steering 
Committee proposes the establishment of the 28,000-acre ``Jahant'' 
viticultural area, located in the central-west portion of the 
established Lodi viticultural area. The most distinguishing features of 
the area are the pink Jahant loam soil with its unique grape-growing 
qualities, the terrain with its river terraces and old floodplain 
deposits, and the cool, dry, and windy climate. The Committee is 
petitioning for seven new viticultural areas within the boundaries of 
the original Lodi viticultural area. A notice of proposed rulemaking is 
being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

[[Page 27372]]

Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA86
_______________________________________________________________________

2373. PROPOSED ESTABLISHMENT OF BORDEN RANCH VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas (LAVA) Steering 
Committee proposes the establishment of the 70,000-acre ``Borden 
Ranch'' viticultural area in the east central portion of the Lodi 
viticultural area. The most distinctive features include old alluvial 
fans, river terraces and plains, high elevations, and a windswept 
climate. The Committee is petitioning for seven new viticultural areas 
within the original Lodi viticultural area boundaries. A notice of 
proposed rulemaking is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA87
_______________________________________________________________________

2374. PROPOSED ESTABLISHMENT OF CLEMENTS HILLS VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The Lodi American Viticultural Areas (LAVA) Steering 
Committee proposes the establishment of the 84,500-acre ``Clements 
Hills'' viticultural area in the southeast portion of the established 
Lodi viticultural area. It is a topographic transition area between the 
low and flat San Joaquin Valley floor to the west and the progressively 
more mountainous Sierra Foothills to the east. The most distinguishing 
features of the Clements Hills area are the high elevation river 
terraces and rounded hilltops. The Committee is petitioning for seven 
new viticultural areas within the original Lodi viticultural area 
boundaries. A notice of proposed rulemaking is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA88
_______________________________________________________________________

2375. PROPOSED ESTABLISHMENT OF THE MT. OSO VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed Mt. Oso viticultural area, about 15 miles long 
and 5 miles wide with 1,005 acres of vineyards, is nestled in the 
foothills between the San Joaquin Valley and the Diablo Range in San 
Joaquin and Stanislaus counties in California. The sloping hillside 
topography includes streams and alluvial fans and plains. The 
distinguishing climatic features of this 38,414-acre proposed area 
include limited rainfall and persistent winds, along with sparse fog, 
frost, and dew. A notice of proposed rulemaking is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

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: nancy.sutton@ttb.gov

RIN: 1513-AA89
_______________________________________________________________________

2376. PETITION TO ESTABLISH ``CALISTOGA'' AS AN AMERICAN VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

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 proposes 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 invite 
comments on this proposed addition to our regulations, particularly 
from bottlers who use brand names similar to Calistoga.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Specialist, 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: lisa.gesser@ttb.treas.gov

RIN: 1513-AA92

[[Page 27373]]

_______________________________________________________________________

2377. RAMONA VALLEY VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed 89,000-acre Ramona Valley viticultural area is 
in San Diego County, CA, and totally within the established, larger 
South Coast viticultural area. The distinguishing factors of the Ramona 
Valley area, according to the petition, include its high-elevation 
geography, climate that is based primarily on its inland location, and 
soils, to a lesser extent. There are currently 45 acres of vineyards in 
commercial production. A notice of proposed rulemaking is in review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA94
_______________________________________________________________________

2378. DOS RIOS VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Ralph Jens Carter of Sonoma, California, is proposing the new 
Dos Rios AVA, located about five miles beyond the northern boundary of 
the North Coast AVA. Dos Rios is about 150 miles north of San Francisco 
and 25 miles east of the Pacific Ocean. The distinguishing factors of 
the Dos Rios area include significant wind patterns, a transitional 
climate, elevations between 800 feet and 2000 feet, sloping terrains 
with 30 percent to 75 percent inclines, relatively infertile soils, and 
close proximity to two rivers. The petitioner states the area has six 
acres of planted commercial vineyards and the potential for more 
viticultural growth. A notice of proposed rulemaking is in review.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA95
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________

ALCOHOL
____________________________________________________
2379. PETITION TO ESTABLISH ``ALEXANDRIA LAKES'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB proposes to establish ``Alexandria Lakes'' as a new 
American viticultural area. The proposed area is located in Douglas 
County, Minnesota. This proposal is a result of a petition filed by 
Robert G. Johnson on behalf of Carlos Creek Winery.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/23/03                     68 FR 3199
NPRM Comment Period End         03/24/03
Final Action                    08/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC85

Agency Contact: Lisa M. Gesser, TTB Specialist, 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: lisa.gesser@ttb.treas.gov

RIN: 1513-AA45
_______________________________________________________________________

2380. [bull] 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

________________________________________________________________________

Interim Final Rule              05/00/05

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: jennifer.berry@ttb.gov

RIN: 1513-AB00

[[Page 27374]]

_______________________________________________________________________

Administrative/Procedures
____________________________________________________
2381. ADMINISTRATIVE CHANGES TO ALCOHOL, TOBACCO, AND FIREARMS 
REGULATIONS DUE TO THE HOMELAND SECURITY ACT OF 2002

Priority: Info./Admin./Other

Legal Authority: PL 107-296; . . .

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

Legal Deadline: None

Abstract: The Homeland Security Act of 2002 divided the Bureau of 
Alcohol, Tobacco and Firearms, Department of the Treasury into two 
separate agencies: the Bureau of Alcohol, Tobacco, Firearms and 
Explosives in the Department of Justice, and the Alcohol and Tobacco 
Tax and Trade Bureau in the Department of the Treasury. Due to these 
changes, this final rule amends the Alcohol and Tobacco Tax and Trade 
Bureau's regulations to reflect the Bureau's new name and 
organizational structure.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    08/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Lisa M. Gesser, TTB Specialist, 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: lisa.gesser@ttb.treas.gov

RIN: 1513-AA80
_______________________________________________________________________

2382. [bull] ADMINISTRATIVE CHANGES TO THE PUBLICATION OF THE TTB 
BULLETIN

Priority: Info./Admin./Other

Legal Authority: 26 USC 301; 26 USC 7805

CFR Citation: 27 CFR 70.701(d)

Legal Deadline: None

Abstract: TTB is revising 27 CFR 70.701(d) to change the publication of 
the TTB Bulletin. Rather than publishing our bulletin quarterly in 
print form, we are changing it to be published as a monthly online 
bulletin. All content of the bulletin as currently prescribed by 
regulation will remain the same.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jessica M. Bungard, 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: jessica.bungard@ttb.gov

RIN: 1513-AB06
_______________________________________________________________________

TOBACCO PRODUCTS
____________________________________________________
2383. 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. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 26 USC 5703 to 5705; 26 USC 5723; 26 USC 5741; 26 USC 
5751; 26 USC 5762; 26 USC 5763; 26 USC 6313; 26 USC 7212; 26 USC 7342; 
26 USC 7606; 26 USC 7805; 44 USC 3504(h)

CFR Citation: 27 CFR 45.31

Legal Deadline: None

Abstract: The Department of the Treasury and the Alcohol and Tobacco 
Tax and Trade Bureau propose to amend the regulations relating to the 
removal of tobacco products and cigarette papers and tubes, without 
payment of tax, for use by the United States in law enforcement 
activities. Specifically, we propose to allow manufacturers of tobacco 
products and cigarette papers and tubes to remove these articles 
without payment of tax for use by Federal agencies in their law 
enforcement activities, and to exempt packages of those removed 
products from the tax-exempt labeling requirement. We take this action 
to timely meet the needs of Federal law enforcement operations, 
particularly investigations involving tobacco diversion and cigarette 
smuggling.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Linda Chapman, TTB Specialist, 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: linda.chapman@ttb.gov

RIN: 1513-AA99
_______________________________________________________________________

2384. 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; 26 USC 5713

CFR Citation: 27 CFR 275

Legal Deadline: Other, Statutory, January 1, 2000, Interim Final Rule.

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
Interim Final Rule              12/22/99                    64 FR 71947
Interim Final Rule Effective    01/01/00

[[Page 27375]]

Interim Final Rule Comment 
Period End                      05/03/00                    65 FR 17477
Final Action                    09/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC07

Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA10
_______________________________________________________________________

2385. LIQUOR DEALERS; RECODIFICATION OF REGULATIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 7805

CFR Citation: 27 CFR 31; 27 CFR 194; . . .

Legal Deadline: None

Abstract: TTB is recodifying the regulations pertaining to liquor 
dealers. The purpose of this recodification is to reissue the 
regulations in part 194 of title 27 of the Code of Federal Regulations 
(CFR) as 27 CFR part 31. This change improves the organization of title 
27 CFR. In addition, due to the reorganization of ATF into two separate 
bureaus, we are making nomenclature changes to this part.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    09/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC45

Agency Contact: Karl Joedicke, TTB Specialist, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G 
Street NW., Washington, DC 20220
Phone: 202 927-7460
Fax: 202 927-8525
Email: karl.joedicke@ttb.gov

RIN: 1513-AA19
_______________________________________________________________________

2386. 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 Action                    09/00/05

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: jennifer.berry@ttb.gov

RIN: 1513-AA32
_______________________________________________________________________

2387. PROPOSED RED HILL DOUGLAS COUNTY, OREGON AMERICAN VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 205(e)

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB is reopening the comment period for the notice of 
proposed rulemaking (NPRM) titled Petition for the Establishment of Red 
Hill as an American Viticultural Area. TTB is soliciting comments on a 
new proposed name for this viticultural area, ``Red Hill Douglas 
County, Oregon.'' Public comments are requested by March 4, 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/30/02                    67 FR 66079
NPRM Comment Period End         12/30/02
Comment Period Reopened         01/16/03                     68 FR 2262
Reopened Comment Period End     03/17/03
Comment Period Reopened         04/24/03                    68 FR 20090
Reopened Comment Period End     05/27/04
Comment Period Reopened         02/02/05                     70 FR 5398
Reopened Comment Period End     03/04/05
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC76

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: nancy.sutton@ttb.gov

RIN: 1513-AA39
_______________________________________________________________________

2388. PETITION TO ESTABLISH ``EOLA HILLS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing the establishment of 
``Eola Hills'' as a new American viticultural area in Oregon.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/08/03                    68 FR 52875
NPRM Comment Period End         11/07/03
Comment Period Extended         11/07/03                    68 FR 63042
Extended Comment Period End     01/06/04
Final Action                    09/00/05

[[Page 27376]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC78

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: jennifer.berry@ttb.gov

RIN: 1513-AA41
_______________________________________________________________________

2389. 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. Comments were due March 27, 
2003.

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 Action                    12/00/05

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, 1310 G Street NW., 
Suite 200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA46
_______________________________________________________________________

2390. PETITION TO ESTABLISH ``CHEHALEM MOUNTAINS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

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. A draft final rule is being 
prepared. The geographical name conflict is awaiting resolution prior 
to any further action.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/07/03                    68 FR 57840
NPRM Comment Period End         12/08/03
Final Action                    06/00/05

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, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA57
_______________________________________________________________________

2391. PETITION TO ESTABLISH ``RIBBON RIDGE'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing the establishment of 
the ``Ribbon Ridge'' viticultural area located in the northern part of 
Yamhill County, Oregon between Newberg and Gaston. A draft final rule 
is being reviewed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/03/03                    68 FR 62259
NPRM Comment Period End         01/02/04
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AD03

Agency Contact: Nancy Sutton, AVA Program Manager, Department of the 
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA58
_______________________________________________________________________

2392. 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 Action                    01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: Transferred from RIN 1512-AC10

URL For Public Comments:
www.ttb.gov/foia/nprm--comments/notice946--comments.htm

Agency Contact: Charles N. Bacon, Program Manager, Department of the

[[Page 27377]]

Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 5056, 
Beverly Farms, MA 01915
Phone: 978 921-1840
Fax: 978 921-1840
Email: charles.bacon@ttb.gov

RIN: 1513-AA60
_______________________________________________________________________

2393. PETITION NO. 2 TO EXPAND THE RUSSIAN RIVER VALLEY VITICULTURAL 
AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: The proposed Russian River Valley viticultural area expansion 
increases the original boundaries by 30,200 acres to the east and south 
sides. Public comments are requested by April 1, 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/31/05                     70 FR 4797
NPRM Comment Period End         04/01/05
Final Action                    10/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

Related RIN: Related to 1513-AA68
RIN: 1513-AA67
_______________________________________________________________________

2394. PROPOSED AMENDED BOUNDARIES FOR THE SANTA LUCIA HIGHLANDS AND THE 
ARROYO SECO VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205(e)

CFR Citation: 27 CFR 9.139; 27 CFR 9.59

Legal Deadline: None

Abstract: TTB requests comments concerning the proposed changes to the 
boundaries of the Santa Lucia Highlands and Arroyo Seco viticultural 
areas located in Monterey County, California. The proposed boundary 
change extends portions of the Santa Luca Highlands viticultural area 
and curtails the Arroyo Seco viticultural area. Public comments are 
requested by March 25, 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/24/05                     70 FR 3333
NPRM Comment Period End         03/25/05
Final Action                    10/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA72
_______________________________________________________________________

2395. PETITION TO ESTABLISH ``TEXOMA'' AS A VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: We have received a petition for the establishment of a 
viticultural area in north central Texas to be called ``Texoma.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/30/04                    69 FR 69557
NPRM Comment Period End         01/31/05
Final Action                    09/00/05

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: jennifer.berry@ttb.gov

RIN: 1513-AA77
_______________________________________________________________________

2396. PETITION TO ESTABLISH THE ``HIGH VALLEY'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition to establish the ``High Valley'' 
viticultural area, which is located about 85 miles north of San 
Francisco, California, on the eastern shore of Clear Lake. Public 
comments are requested by March 25, 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/24/05                     70 FR 3328
NPRM Comment Period End         03/25/05
Final Action                    10/00/05

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: nancy.sutton@ttb.gov

RIN: 1513-AA79
_______________________________________________________________________

2397. PROPOSED ESTABLISHMENT OF COVELO VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Ralph Carter of Sonoma, California is petitioning to 
establish Covelo as an American viticultural area. Covelo area is 164 
miles north of San Francisco and immediately south of the Round Valley 
Indian Reservation in northern California. The proposed area has 38,000 
acres with two acres of planted grape vines, but more area that the 
petitioner believes has good viticultural potential. The distinctive 
features include the bowl-shape of the Covelo valley area that 
contrasts to the narrow valleys, with north-south

[[Page 27378]]

orientations, commonly found in Mendocino County. Also, it has a short 
grape-growing season when compared to other Mendocino County 
viticultural areas. Public comments are requested by April 4, 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/02/05                     70 FR 5393
NPRM Comment Period End         04/04/05
Final Action                    12/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA90
_______________________________________________________________________

2398. PROPOSED ESTABLISHMENT OF HORSE HEAVEN HILLS

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: Paul D. Lucas is proposing the establishment of the 570,000-
acre Horse Heaven Hills viticultural area. It is in the southern 
central part of Washington, east of the Cascade Mountain Range and 
north and west of the Columbia River, and is entirely within the 
Columbia Valley viticultural area. The Horse Heaven Hills area is noted 
for its series of south facing slopes and significant wind patterns. 
Public comments are requested by March 25, 2005.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/24/05                     70 FR 3322
NPRM Comment Period End         03/25/05
Final Action                    10/00/05

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 5000, Room 
200E, 1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov

RIN: 1513-AA91
_______________________________________________________________________

2399. 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; 26 USC 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 Action                    09/00/05

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: jennifer.berry@ttb.gov

RIN: 1513-AA96
_______________________________________________________________________

2400. NIAGARA ESCARPMENT VITICULTURAL AREA

Priority: Substantive, Nonsignificant

Legal Authority: 27 USC 205

CFR Citation: 27 CFR 9

Legal Deadline: None

Abstract: TTB has received a petition proposing ``Niagara Escarpment'' 
as a new American viticultural area in New York.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/09/05                     70 FR 6792
NPRM Comment Period End         04/11/05
Final Action                    12/00/05

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: jennifer.berry@ttb.gov

RIN: 1513-AA97
_______________________________________________________________________

2401. [bull] SUSPENSION OF SPECIAL (OCCUPATIONAL) TAX

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

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 three-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

________________________________________________________________________

Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Steven C. Simon, TTB 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: steven.simon@ttb.gov

RIN: 1513-AB04

[[Page 27379]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________

2402. IMPLEMENTATION OF WINE CREDIT PROVISIONS OF PUBLIC LAW 104-188

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 24.278; 27 CFR 24.279

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 Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Marjorie D. Ruhf
Phone: 202 927-8210
Fax: 202 927-8525
Email: marjorie.ruhf@ttb.gov

RIN: 1513-AA05
_______________________________________________________________________

2403. 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: marjorie.ruhf@ttb.gov

RIN: 1513-AA06
_______________________________________________________________________

2404. 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: marjorie.ruhf@ttb.gov

RIN: 1513-AA08
_______________________________________________________________________

2405. PROHIBITED MARKS ON PACKAGES OF TOBACCO PRODUCTS AND CIGARETTE 
PAPERS AND TUBES IMPORTED OR BROUGHT INTO THE UNITED STATES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 275

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Linda Wade-Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov

RIN: 1513-AA14
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________

2406. FLAVORED MALT BEVERAGES AND RELATED PROPOSALS

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 7; 27 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/03/05                      70 FR 194
Final Action Effective          01/03/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Charles N. Bacon
Phone: 978 921-1840
Fax: 978 921-1840
Email: charles.bacon@ttb.gov

RIN: 1513-AA12
_______________________________________________________________________

2407. PRODUCTION OF DRIED FRUIT AND HONEY WINES

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 24

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/18/05                     70 FR 2799
Final Action Effective          03/21/05

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: jennifer.berry@ttb.gov

RIN: 1513-AA21
_______________________________________________________________________

2408. PETITION TO ESTABLISH THE ``TRINITY LAKES'' VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/28/05                     70 FR 9528
Final Action Effective          04/29/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rita Butler
Phone: 202 927-8210
Fax: 202 927-8525
Email: rita.butler@ttb.gov

RIN: 1513-AA29

[[Page 27380]]

_______________________________________________________________________

2409. PETITION TO ESTABLISH ``DUNDEE HILLS'' AS A NEW AMERICAN 
VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/30/04                    69 FR 69524
Final Action Effective          01/31/05

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: nancy.sutton@ttb.gov

RIN: 1513-AA50
_______________________________________________________________________

2410. PETITION TO ESTABLISH ``YAMHILL-CARLTON DISTRICT'' AS A NEW 
AMERICAN VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/09/04                    69 FR 71372
Final Action Effective          02/07/05

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: nancy.sutton@ttb.gov

RIN: 1513-AA59
_______________________________________________________________________

2411. PETITION TO ESTABLISH ``MCMINNVILLE'' AS AN AMERICAN VITICULTURAL 
AREA IN OREGON

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/18/05                     70 FR 2801
Final Action Effective          03/21/05

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: jennifer.berry@ttb.gov

RIN: 1513-AA63
_______________________________________________________________________

2412. PETITION TO ESTABLISH ``GRAND LAKE O' THE CHEROKEES'' AS A NEW 
AMERICAN VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/04/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Rita Butler
Phone: 202 927-8210
Fax: 202 927-8525
Email: rita.butler@ttb.treas.gov

RIN: 1513-AA66
_______________________________________________________________________

2413. PETITION TO ESTABLISH ``SOUTHERN OREGON'' AS A VITICULTURAL AREA

Priority: Substantive, Nonsignificant

CFR Citation: 27 CFR 9

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/08/04                    69 FR 70889
Final Action Effective          02/07/05

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: nancy.sutton@ttb.gov

Related RIN: Previously reported as 1512-AC81
RIN: 1513-AA75
BILLING CODE 4810--25--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________

2414. [bull] RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; 
CAPITAL MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

Priority: Other Significant

Legal Authority: Not Yet Determined

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: As part of OCC's ongoing efforts to develop and refine the 
capital standards to ensure the safety and soundness of the national 
banking system and to implement statutory requirements, OCC is 
proposing to amend various provisions of the capital rules. This change 
involves the amendment of the current risk-based capital rules for 
those banks that will not qualify to use the new Basel Capital Accord 
(Basel II) capital framework. OCC is conducting this rulemaking jointly 
with the other Federal banking agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Laura Goldman, 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: laura.goldman@occ.treas.gov

RIN: 1557-AC95

[[Page 27381]]

_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________

2415. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; 
LICENSING PROCEDURES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1 et seq; 12 USC 93a

CFR Citation: 12 CFR 4; 12 CFR 5; 12 CFR 19; 12 CFR 37

Legal Deadline: None

Abstract: This rulemaking would update certain provisions and make 
technical changes to OCC rules governing corporate activities in 12 CFR 
part 5. The rulemaking also would make technical changes to certain 
provisions in 12 CFR part 4 to reflect organizational restructuring and 
to 12 CFR part 9 to reflect changes in regulations adopted by the 
Securities and Exchange Commission (SEC). Additionally, the rulemaking 
would amend subpart O of 12 CFR part 19 to combine current 12 CFR 
19.240 and 19.241 into one section, and would make a technical 
correction to the regulation governing debt cancellation contracts 
(DCCs) and debt suspension agreements (DSAs) in 12 CFR part 37.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

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: heidi.thomas@occ.treas.gov

RIN: 1557-AC79
_______________________________________________________________________

2416. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR 
FINANCIAL INSTITUTIONS AND CREDITORS

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

Unfunded Mandates: 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 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                            06/00/05

Regulatory Flexibility Analysis Required: Undetermined

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: deborah.katz@occ.treas.gov

RIN: 1557-AC87
_______________________________________________________________________

2417. IMPLEMENTATION OF A REVISED BASEL CAPITAL ACCORD (BASEL II)

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

Legal Authority: 12 USC 93a; 12 USC 3907

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: As part of OCC's ongoing efforts to develop and refine 
capital standards to ensure the safety and soundness of the national 
banking system and to implement statutory requirements, OCC is amending 
various provisions of the capital rules for national banks. This change 
involves the implementation of the new Basel Capital Accord (Basel II). 
OCC is conducting this rulemaking jointly with the other Federal 
banking agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/04/03                    68 FR 45900
NPRM                            06/00/05

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: ron.shimabukuro@occ.treas.gov

Related RIN: Split from 1557-AB14
RIN: 1557-AC91
_______________________________________________________________________

2418. [bull] ONE-YEAR PROHIBITION FOR EXAMINERS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1820

[[Page 27382]]

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Section 6303(b) of the Intelligence Reform and Terrorism 
Prevention Act of 2004 (Intelligence Reform Act) imposes a one-year 
post-employment restriction on senior examiners of national banks. 
Under section 6303(b), a ``senior examiner'' for OCC is barred, for a 
period of one year after leaving OCC, from accepting compensation from 
the national bank he or she supervised, from its bank holding company, 
and from certain other related companies. If an examiner violates the 
one-year restriction, he or she may be subject to an order of removal 
and prohibition from the relevant bank and all depository institutions 
for a period of up to five years. In addition, the examiner may be 
subject to civil money penalties of up to $250,000. This proposed rule, 
which would add a new part to chapter I of 12 CFR, implements section 
6303(b) of the Intelligence Reform Act for OCC employees who serve as 
examiners of national banks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Mitchell Plave, 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: mitchell.plave@occ.treas.gov

RIN: 1557-AC94
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________

2419. COMMUNITY REINVESTMENT ACT REGULATION (12 CFR 25)

Priority: Other Significant

Legal Authority: 12 USC 21; 12 USC 22; 12 USC 26; 12 USC 27; 12 USC 30; 
12 USC 36; 12 USC 93a; 12 USC 161; 12 USC 215; 12 USC 215a; 12 USC 481; 
12 USC 1814; 12 USC 1816; 12 USC 1828(c); 12 USC 1835a; 12 USC 2901 to 
2907; 12 USC 3101 to 3111

CFR Citation: 12 CFR 25

Legal Deadline: None

Abstract: OCC, together with the Board of Governors of the Federal 
Reserve System and the Federal Deposit Insurance Corporation, proposed 
revising certain provisions of its rules implementing the Community 
Reinvestment Act (CRA). This rulemaking would address the regulatory 
burden imposed on smaller banks by revising the eligibility 
requirements for CRA evaluation under the lending, investment, and 
service tests. The rulemaking would add a new community development 
test for banks with at least $250 million and less than $1 billion in 
assets. This rulemaking would also revise the definition of the term 
``community development'' to include affordable housing and 
revitalization and stabilization in underserved rural areas and 
designated disaster areas and revise the regulation to address the 
impact on a bank's CRA rating of evidence of discrimination or other 
illegal credit practices.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/19/01                    66 FR 37602
ANPRM Comment Period End        10/17/01
NPRM                            02/06/04                     69 FR 5729
NPRM Comment Period End         04/06/04
NPRM                            03/11/05                    70 FR 12148
NPRM Comment Period End         05/10/05
Final Action                    10/00/05

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: patrick.tierney@occ.treas.gov

RIN: 1557-AB98
_______________________________________________________________________

2420. ELECTRONIC FILING AND DISCLOSURE OF BENEFICIAL OWNERSHIP REPORTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 93a; 15 USC 78l; 15 USC 78p

CFR Citation: 12 CFR 11

Legal Deadline: None

Abstract: The Sarbanes-Oxley Act of 2002 made amendments to section 
16(a) of the Securities Exchange Act of 1934, which requires the filing 
of beneficial ownership reports by officers, directors, and principal 
shareholders of issuers of securities. OCC administers and enforces 
section 16(a) with respect to officers, directors, and principal 
shareholders of national banks. Effective July 30, 2003, the amendments 
required that beneficial ownership reports be filed electronically and 
posted on the issuer's corporate Web site if it has a Web site. The 
rulemaking would require that beneficial ownership reports filed by 
officers, directors, and principal shareholders of national banks be 
filed electronically pursuant to the FDICconnect system and that the 
reports be placed on the Web site of national banks that have Web 
sites.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              09/22/03                    68 FR 54981
Interim Final Rule Effective    09/22/03                    68 FR 54891
Interim Final Rule Comment 
Period End                      11/30/03                    68 FR 54981
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Martha Vestal Clarke, 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

[[Page 27383]]

Email: martha.clarke@occ.treas.gov

RIN: 1557-AC75
_______________________________________________________________________

2421. FAIR CREDIT REPORTING: USE OF MEDICAL INFORMATION

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

CFR Citation: 12 CFR 41

Legal Deadline: None

Abstract: OCC is implementing section 411 of the Fair and Accurate 
Credit Transactions Act of 2003 (FACT Act). Section 411(a) requires OCC 
to prescribe regulations that permit creditors to obtain or use medical 
information for certain credit eligibility purposes. Additionally, 
section 411(b) restricts the sharing of medical information and related 
lists or descriptions with affiliates. Finally, section 411(b) 
authorizes OCC to issue rules to allow additional sharing of 
information determined by OCC to be necessary and appropriate.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/28/04                    69 FR 23380
Final Action                    08/00/05

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: patrick.tierney@occ.treas.gov

RIN: 1557-AC85
_______________________________________________________________________

2422. 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

CFR Citation: 12 CFR 41

Legal Deadline: Other, Statutory, August 6, 2004, See section 214 of 
the FACT Act, PL 108-159.

Abstract: OCC, the Board of Governors of the Federal Reserve System, 
the Federal Deposit Insurance Corporation, the Office of the Thrift 
Supervision (the Federal Banking Agencies), the National Credit Union 
Administration, and the Federal Trade Commission are planning 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 regulations 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                    09/00/05

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: patrick.tierney@occ.treas.gov

RIN: 1557-AC88
_______________________________________________________________________

2423. SECURITIES BORROWING TRANSACTIONS

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

Legal Authority: 12 USC 93a; 12 USC 161; 12 USC 1828 note; 12 USC 
1828(n); 12 USC 1831n note; 12 USC 1835; 12 USC 3907; 12 USC 3909

CFR Citation: 12 CFR 3

Legal Deadline: None

Abstract: As part of OCC's ongoing efforts to develop and refine 
capital standards to ensure the safety and soundness of the national 
banking system and to implement statutory requirements, OCC is amending 
various provisions of the capital rules for national banks. The change 
involves changes to securities borrowing transactions. The interim 
final rule adopted changes to the capital treatment of securities 
borrowing transactions, specifically by amending the market risk rules 
on the capital treatment for cash collateral. OCC is conducting this 
rulemaking jointly with the other Federal Banking Agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/05/00                    65 FR 75856
Final Action                    12/00/05

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: ron.shimabukuro@occ.treas.gov

Related RIN: Split from 1557-AB14
RIN: 1557-AC90

[[Page 27384]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________

2424. 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: Martha Vestal Clarke
Phone: 202 874-5090
Fax: 202 874-4889
Email: martha.clarke@occ.treas.gov

RIN: 1557-AB93
_______________________________________________________________________

2425. INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY 
NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 40

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           12/30/03                    68 FR 75164
ANPRM Comment Period End        03/29/04
NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Heidi M. Thomas
Phone: 202 874-5090
Fax: 202 874-4889
Email: heidi.thomas@occ.treas.gov

RIN: 1557-AC80
_______________________________________________________________________

2426. ACCURACY AND INTEGRITY OF INFORMATION FURNISHED TO A CONSUMER 
REPORTING AGENCY

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: Businesses

Government Levels Affected: None

Agency Contact: Patrick T. Tierney
Phone: 202 874-5090
Fax: 202 874-4889
Email: patrick.tierney@occ.treas.gov

RIN: 1557-AC89
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________

2427. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; 
OPERATING SUBSIDIARY ANNUAL REPORT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 5.34

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/05/04                    69 FR 64478

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patrick T. Tierney
Phone: 202 874-5090
Fax: 202 874-4889
Email: patrick.tierney@occ.treas.gov

RIN: 1557-AC81
_______________________________________________________________________

2428. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; CIVIL 
MONETARY PENALTIES ADJUSTMENT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 19.240; 12 CFR 19.241

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/10/04                    69 FR 65067

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: jean.campbell@occ.treas.gov

RIN: 1557-AC82
_______________________________________________________________________

2429. PROPER DISPOSAL OF CONSUMER INFORMATION

Priority: Other Significant

CFR Citation: 12 CFR 30 app B; 12 CFR 41

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/28/04                    69 FR 77610

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Deborah Katz
Phone: 202 874-5090
Fax: 202 874-4889
Email: deborah.katz@occ.treas.gov

RIN: 1557-AC84
_______________________________________________________________________

2430. COMMUNITY REINVESTMENT ACT REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action                    03/28/05                    70 FR 15570

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Patrick T. Tierney
Phone: 202 874-5090
Fax: 202 874-4889
Email: patrick.tierney@occ.treas.gov

RIN: 1557-AC86
_______________________________________________________________________

2431. INTERAGENCY GUIDANCE ON RESPONSE PROGRAMS FOR UNAUTHORIZED ACCESS 
TO CUSTOMER INFORMATION AND CUSTOMER NOTICE

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 30, app B

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Interpretive Guidance     03/29/05                    70 FR 15736

[[Page 27385]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Deborah Katz
Phone: 202 874-5090
Fax: 202 874-4889
Email: deborah.katz@occ.treas.gov

RIN: 1557-AC92
_______________________________________________________________________

2432. [bull] GUIDELINES FOR RESIDENTIAL MORTGAGE LENDING PRACTICES

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

Legal Authority: 12 USC 93a; 12 USC 371; 12 USC 1818; 12 USC 1831p; 12 
USC 3102(b); 15 USC 1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805(b)(1)

CFR Citation: 12 CFR 30

Legal Deadline: None

Abstract: OCC issued guidelines concerning the residential mortgage 
lending practices of national banks and their operating subsidiaries as 
a further step to protect against national bank involvement in 
predatory, abusive, unfair, or deceptive residential mortgage lending 
practices. They identify practices that are consistent with sound 
residential mortgage lending practices and describe terms and practices 
that may lead to predatory, abusive, unfair, or deceptive lending 
practices. The Guidelines address steps banks should take to mitigate 
risks associated with their purchase of residential mortgage loans and 
use of mortgage brokers to originate loans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/07/05                     70 FR 6329

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michele Meyer, 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: michele.meyer@occ.treas.gov

RIN: 1557-AC93
BILLING CODE 4810--33--S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________

2433. FOREIGN INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 842; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will prescribe rules for determining income 
from stocks effectively connected under the asset use test with the 
conduct of an insurance business in the United States by a foreign 
company.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209066-88 (INTL-024-88)
Drafting attorney: Sheila Ramaswamy (202) 622-3870
Reviewing attorney: Steven Jensen (202) 622-3870
Treasury attorney: Michael Caballero (202) 622-0851
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-AL82
_______________________________________________________________________

2434. COMPUTATION OF A BRANCH'S TAXABLE INCOME; TAXATION OF EXCHANGE 
GAIN OR LOSS ON BRANCH REMITTANCES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to branch rules and how to translate 
branch income, and the taxation of exchange gain or loss on branch 
remittances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/25/91                    56 FR 48457
Second NPRM                     12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208270-86 (INTL-965-86)
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Jeffrey Dorfman (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL

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

RIN: 1545-AM12
_______________________________________________________________________

2435. 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

[[Page 27386]]

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                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209006-89 (INTL-089-89)
Drafting attorney: Richard L. Osborne (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL

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

RIN: 1545-AM97
_______________________________________________________________________

2436. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 953

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide substantive and procedural rules 
regarding the election under section 953(d) to treat certain controlled 
foreign corporations engaged in the insurance business as domestic 
corporations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208980-89 (INTL-765-89)
Drafting attorney: Valerie A. Mark-Lippe (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
CC:INTL

Agency Contact: Valerie A. Mark-Lippe, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3840

RIN: 1545-AO25
_______________________________________________________________________

2437. 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                     12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208299-90 (INTL-70-90)
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, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-AP01
_______________________________________________________________________

2438. INFORMATION REPORTING AND RECORD MAINTENANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7801; 26 USC 6038C

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will implement the directives of section 
6038C. This will be accomplished by requiring foreign corporations 
engaged in a U.S. business to provide specific information regarding 
related party transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208265-90 (INTL-102-90)
Drafting attorney: Garrett D. Gregory (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL

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

RIN: 1545-AP10
_______________________________________________________________________

2439. GUIDANCE IN NOTICE 89-37, WHICH TREATS THE RECEIPT OF A CORPORATE 
PARTNER'S STOCK BY THE CORPORATE PARTNER AS A CIRCUMVENTION OF GENERAL 
UTILITIES REPEAL

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 337

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations will implement the guidance provided in 
Notice 89-37, 1989-1 C.B. 679, concerning the treatment of certain

[[Page 27387]]

partnership transactions involving the stock of a corporate partner.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/15/92                    57 FR 59324
NPRM Comment Period End         01/20/93
NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208989-90 (CO-91-90)
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3070
CC:PS&I

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

RIN: 1545-AP52
_______________________________________________________________________

2440. 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                            12/00/05

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, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-AR20
_______________________________________________________________________

2441. 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: The regulations reflect the amendment of I.R.C. section 6159, 
section 202 of the Taxpayer Bill of Rights 2, which provides that upon 
request by a taxpayer the Secretary shall provide an independent review 
of the termination of an installment agreement. The regulations also 
reflect the amendment to section 6159(c), which guarantees the 
availability of installment agreements to taxpayers in certain 
circumstances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/31/97                    62 FR 68241
Second NPRM                     12/00/05

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: G. William Beard, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3620

RIN: 1545-AU97
_______________________________________________________________________

2442. SUBSTANTIATING TRAVEL EXPENSE DEDUCTIONS FOR MEMBERS OF CONGRESS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 5

Legal Deadline: None

Abstract: This regulation provides rules for the substantiation of 
Congress members' travel expenses. The regulations are currently out of 
date because the authorizing legislation was subsequently repealed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105513-97
Drafting attorney: Edwin B. Cleverdon (202) 622-7900
Reviewing attorney: Robert A. Berkovsky (202) 622-4920
CC:ITA

Agency Contact: Edwin B. Cleverdon, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7900

RIN: 1545-AV55
_______________________________________________________________________

2443. 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 1

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                            04/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 27388]]

Government Levels Affected: None

Additional Information: REG-106167-98
Drafting attorney: Taylor Cortright (202) 622-3130
Reviewing attorneys: Frank K. Boland (202) 622-3130 and Lew Fernandez 
(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
_______________________________________________________________________

2444. 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                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-115557-98
Drafting attorney: Patricia A. Bray and David L. Lundy (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
Treasury attorney: Gretchen Sierra (202) 622-1755
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-AX02
_______________________________________________________________________

2445. DEFINITION OF ACCOUNTING METHOD

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will clarify the definition of a change in the 
method of accounting.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105228-99
Drafting attorney: Grant D. Anderson (202) 622-4930
Reviewing attorney: Jeffrey G. Mitchell (202) 622-4930
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA

Agency Contact: Grant D. Anderson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4930

RIN: 1545-AX21
_______________________________________________________________________

2446. 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

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: Michael Desmond (202) 622-1981
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
_______________________________________________________________________

2447. 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                            12/00/05

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

[[Page 27389]]

_______________________________________________________________________

2448. HIGHLY COMPENSATED EMPLOYEE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 414

CFR Citation: 26 CFR 1

Legal Deadline: None

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

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-111277-99
Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6080
Reviewing attorney: Marjorie Hoffman (202) 622-6030
CC:TEGE

Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AX48
_______________________________________________________________________

2449. MODIFICATION TO SECTION 367(A) STOCK TRANSFER REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 367

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: This regulation will modify section 367(a), stock transfer 
regulations, to address abuses under check-the-box and through the use 
of convertible stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116053-99
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles Besecky (202) 622-3860
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

Agency Contact: Robert W. Lorence, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3860

RIN: 1545-AX77
_______________________________________________________________________

2450. DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION 
1297

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1297

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation defines a passive foreign investment company 
(PFIC) under section 1297(a) and the terms ``passive income'' and 
``passive asset'' under section 1297(b). The regulation will also set 
forth the exceptions to the terms ``passive income'' and ``passive 
asset,'' and provide guidance on the applicability of the look-through 
rule under section 1297(c), in cases involving PFICs that own 25 
percent or more of a lower-tier foreign subsidiary. In addition, the 
regulation will provide guidance under section 1297(e), regarding the 
overlap rule between a controlled foreign corporation and a PFIC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-100427-00
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: Carl Dubert (202) 622-0222
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

RIN: 1545-AX78
_______________________________________________________________________

2451. CLARIFICATION OF FOREIGN-BASED COMPANY SALES INCOME RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 954

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation clarifies when a controlled foreign 
corporation cannot exclude sales income from foreign-based company 
sales income under the manufacturing exception by reason of activities 
of a contract manufacturer. Likewise, the branch rule under IRC section 
954(d)(2) does not apply to a contract manufacturer.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106356-00
Drafting attorney: Valerie A. Mark-Lippe (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
CC:INTL

Agency Contact: Valerie A. Mark-Lippe, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3840

RIN: 1545-AX91
_______________________________________________________________________

2452. 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 on changes to the 
law for corporate estimated taxes.

[[Page 27390]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

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: George Manousos (202) 622-1335
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
_______________________________________________________________________

2453. WITHHOLDING TAX ON FOREIGN PARTNERS' SHARE OF EFFECTIVELY 
CONNECTED INCOME

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance for partnerships obligated 
to pay withholding tax under section 1446 of the Internal Revenue Code. 
Specifically, the proposed and temporary regulations address the 
circumstances under which a partnership may reduce its withholding tax 
due based upon certifications of losses by foreign partners. The 
temporary regulations will be effective for partnership taxable years 
beginning after the date the regulations are published in the Federal 
Register.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/03/03                    68 FR 52466
Second NPRM                     07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-108524-00
Drafting attorney: Ronald M. Gootzeit (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: David Sotos (202) 622-0851
CC:INTL

Agency Contact: Ronald M. Gootzeit, 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-BD80
RIN: 1545-AY28
_______________________________________________________________________

2454. 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 CFCs and FPHCs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

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
_______________________________________________________________________

2455. 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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-107580-00
Drafting attorney: Scott H. Rabinowitz (202) 622-4970
Reviewing attorney: Jeffery G. Mitchell (202) 622-4970
Treasury attorney: Sharon Kay (202) 622-0865
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

RIN: 1545-AY39
_______________________________________________________________________

2456. 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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-106877-00

[[Page 27391]]

Drafting attorney: Thomas D. Beem (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

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

RIN: 1545-AY41
_______________________________________________________________________

2457. PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 959

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the determination of previously 
taxed earnings and profits under subpart F.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-121509-00
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840
Reviewing attorney: Phyllis E. 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-AY54
_______________________________________________________________________

2458. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 357

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                            06/00/05

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

RIN: 1545-AY74
_______________________________________________________________________

2459. DISCLOSURE OF RETURNS AND RETURN INFORMATION IN JUDICIAL AND 
ADMINISTRATIVE TAX PROCEEDINGS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6103

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                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120297-01
Drafting attorney: Geoffrey M. Campbell (202) 622-4570
Reviewing attorney: Donald M. Squires (202) 622-4570
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:DPL

Agency Contact: Geoffrey M. Campbell, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4570

RIN: 1545-AY89
_______________________________________________________________________

2460. TRANSITIONAL RELIEF FOR QUALIFIED INTERMEDIARIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1441

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will promulgate Notices 2001-4, 2001-11 and 
2001-43 into the section 1441 regulation. Generally, the Notices 
provide transitional relief with respect to the new withholding regime 
for qualified intermediaries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125443-01
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie Mark-Lippe (202) 622-3840
Treasury attorney: Andy Froberg (202) 622-1779
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

RIN: 1545-AY92

[[Page 27392]]

_______________________________________________________________________

2461. 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                            07/00/05

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
Treasury attorney: Audrey Nacamuli (202) 622-5721
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

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

2462. 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                            06/00/05

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

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
_______________________________________________________________________

2463. 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

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                            05/00/05

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: Robert A. Miller (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
_______________________________________________________________________

2464. INCOME FROM SOURCES WITHIN SPECIFIED POSSESSION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 931; 26 USC 911

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will remove section 1.931-1 and references 
thereto in other sections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159068-01
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
Treasury attorney: Carl Dubert (202) 622-0222
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

RIN: 1545-BA37
_______________________________________________________________________

2465. PROVISIONS REGARDING CROSS-BORDER TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 368(a)

[[Page 27393]]

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation will make conforming changes to 
account for cross-border section 368(a)(1)(A) mergers.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-125628-01
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles Besecky (202) 622-3860
CC:INTL

Agency Contact: Robert W. Lorence, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3860

RIN: 1545-BA65
_______________________________________________________________________

2466. 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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122380-02
Drafting attorney: Heather L. Dostaler (202) 622-4940
Reviewing attorney: Richard S. Goldstein (202) 622-7820
Treasury attorney: Stephanie Robinson (202) 622-9858
CC:PA:APJ

Agency Contact: Heather L. Dostaler, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4940

RIN: 1545-BA72
_______________________________________________________________________

2467. 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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-131999-02
Reviewing attorney: James A. Quinn (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
_______________________________________________________________________

2468. GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will facilitate electronic tax 
administration.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-137243-02
Drafting attorney: Sanford Kelsey (202) 622-4940
Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

Agency Contact: Sanford Kelsey, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-4940

RIN: 1545-BA96
_______________________________________________________________________

2469. COMMUNICATIONS EXCISE TAX; TAXABLE COMMUNICATION SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 4251; 26 USC 7805

CFR Citation: 26 CFR 49

Legal Deadline: None

Abstract: This regulation provides a definition of taxable 
communications services under section 4251.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/02/04                    69 FR 40345
NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-137076-02
Drafting attorney: Cynthia A. McGreevy (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez 
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

Agency Contact: Cynthia A. McGreevy, Attorney-Advisor, Department of 
the

[[Page 27394]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3130

RIN: 1545-BB04
_______________________________________________________________________

2470. COST SHARING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will provide additional guidance 
on cost sharing arrangements under section 482.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-144615-02
Drafting attorney: Jeffrey Parry (202) 622-3800
Reviewing attorney: Elizabeth G. Beck (202) 435-5265
Treasury attorney: David Ernick (202) 622-1754
CC:INTL

Agency Contact: Elizabeth G. Beck, Branch Chief, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 435-5265

RIN: 1545-BB26
_______________________________________________________________________

2471. 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

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, 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                            12/00/05

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

RIN: 1545-BB28
_______________________________________________________________________

2472. AMENDING THE LOW-INCOME HOUSING TAX CREDIT PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations are amendments to the general public use 
requirements in the low-income housing tax credit program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-151145-02
Drafting attorney: Jack Malgeri (202) 622-3040
Reviewing attorney: Harold Burghart (202) 622-3040
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-BB37
_______________________________________________________________________

2473. 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                            12/00/05

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: David Bowen (202) 622-3800
CC:INTL

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

RIN: 1545-BB56
_______________________________________________________________________

2474. 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 member of the group. The 
regulations will

[[Page 27395]]

prevent rules relating to certain adjustments to the basis of 
subsidiary member stock from having the effect of offsetting certain 
income and gain upon a disposition of the stock by the consolidated 
group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-157711-02
Drafting attorney: Martin T. Huck (202) 622-7216
Reviewing attorney: Theresa Abell (202) 622-4117
CC:COR

Agency Contact: Martin T. Huck, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7216

RIN: 1545-BB61
_______________________________________________________________________

2475. LIQUIDATION OF AN INTEREST

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2704(b)

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                            12/00/05

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
_______________________________________________________________________

2476. 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 regulations under 26 U.S.C. 860G(b) accelerate the 
recognition of income associated with a REMIC resident interest that is 
allocation to foreign person, including a foreign partner in a U.S. 
partnership.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-159929-02
Drafting attorney: Arturo Estrada (202) 622-3900
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
_______________________________________________________________________

2477. 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                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139059-02
Drafting attorney: Warren M. Joseph (202) 622-4920
Reviewing attorney: Robert Berkovsky (202) 622-4920
CC:ITA

Agency Contact: Warren M. Joseph, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4920

RIN: 1545-BB86
_______________________________________________________________________

2478. PARTNERSHIP EQUITY FOR SERVICES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 721; 26 USC 83

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will describe the tax treatment of 
partnership equity issued in connection with the performance of 
services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105346-03
Drafting attorneys: Demetri G. Yatrakis (202) 622-3060
Reviewing attorney: Audrey W. Ellis (202) 622-3060
Treasury attorney: Stephanie Robinson (202) 622-9858
CC:PSI

Agency Contact: Demetri G. Yatrakis, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224

[[Page 27396]]

Phone: 202 622-3060

Audrey W. Ellis, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3060

RIN: 1545-BB92
_______________________________________________________________________

2479. DETERMINATION OF SINGLE-SUM DISTRIBUTIONS FROM CASH BALANCE PLANS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will modify the rules for the determination 
of minimum single-sum distributions from cash balance pension plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Organizations

Government Levels Affected: None

Additional Information: REG-168897-02
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: William Bortz (202) 622-1352
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

RIN: 1545-BB93
_______________________________________________________________________

2480. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES 
RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF 
LIEN

Priority: Routine and Frequent

Legal Authority: 26 USC 6320; 26 USC 6330

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                            06/00/05

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: Alan Levine (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
_______________________________________________________________________

2481. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES 
RELATING TO HEARINGS BEFORE LEVY

Priority: Routine and Frequent

Legal Authority: 26 USC 6330

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                            06/00/05

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: Alan Levine (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
_______________________________________________________________________

2482. 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                            06/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: State

Federalism:  Undetermined

Additional Information: REG-140379-02
Drafting attorney: Michael P. Brewer (202) 622-3980
CC:TEGE

Agency Contact: Michael P. Brewer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-BC07
_______________________________________________________________________

2483. UTILITY ALLOWANCE REGULATION UPDATE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will modify and update utility allowance 
regulations under section 1.142-10, which provides for an alternative 
method for computing utility allowances under section 1.142-
10(b)(4)(ii). Also, the regulation will

[[Page 27397]]

provide for annual updates of utility allowances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/05

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: Harold Burghart (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
_______________________________________________________________________

2484. GUIDANCE ON PFIC PURGING ELECTIONS

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

Unfunded Mandates: Undetermined

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                            12/00/05

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: Carl Dubert (202) 622-0222
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
_______________________________________________________________________

2485. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN 
(ASFR)

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 6020

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulation serves as IRS' expression of intent that 
certain documents generated in the substitute for return (SFR) and 
Automated Substitute for Return (ASFR) processes constitute section 
6020(b) returns for purposes of assessing the section 6651(a)(2) 
addition to tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-131739-03
Drafting attorney: Tracey B. Leibowitz (202) 622-4940
Reviewing attorney: Ashton Trice (202) 622-4940
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:APJ

Agency Contact: Tracey B. Leibowitz, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4940

Related RIN: Related to 1545-BC46
RIN: 1545-BC45
_______________________________________________________________________

2486. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN 
(ASFR) (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6020

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The temporary regulation serves as IRS' expression of intent 
that certain documents generated in the substitute for return (SFR) and 
Automated Substitute for Return (ASFR) process constitute section 
6020(b) returns for purposes of assessing the section 6651(a)(2) 
addition to tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-131739-03
Drafting attorney: Tracey B. Leibowitz (202) 622-4940
Reviewing attorney: Ashton Trice (202) 622-4940
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:APJ

Agency Contact: Tracey B. Leibowitz, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4940

Related RIN: Related to 1545-BC45
RIN: 1545-BC46
_______________________________________________________________________

2487. 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

[[Page 27398]]

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                            12/00/05

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
_______________________________________________________________________

2488. 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 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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-138603-03
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
Treasury attorney: David Ernick (202) 622-1754
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

RIN: 1545-BC52
_______________________________________________________________________

2489. 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 have an effective implementing agreement with the 
United States, in accordance with the Tax Reform Act of 1986, Public 
Law 99-514.
The regulations will include regs for both the 1954 Code and the 1986 
Code versions of section 7654.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-139900-03
Drafting attorney: Mae J. Lew (202) 435-5262
Reviewing attorney: Ricardo A. Cadenas (202) 435-5262
Treasury attorney: Carl Dubert (202) 622-1765
CC:INTL

Agency Contact: Mae J. Lew, 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
_______________________________________________________________________

2490. 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

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
Second NPRM                     05/00/05

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: Robert A. Miller (202) 622-3600

[[Page 27399]]

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
_______________________________________________________________________

2491. 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                            06/00/05

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
_______________________________________________________________________

2492. PARTNERSHIPS AND DEEMED DISPOSITIONS OF UNREALIZED RECEIVABLES AND 
INVENTORY ITEMS

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

Legal Authority: 26 USC 751; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These modifications to regulations under section 751 are 
intended to simplify and clarify the application of section 751(b).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-149610-03
Drafting attorneys: Charlotte Chyr (202) 622-3070 and Stacy Short (202) 
622-3070
Reviewing attorney: Jeanne Sullivan (202) 622-3070
Treasury attorney: Stephanie Robinson (202) 622-9858
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

RIN: 1545-BC65
_______________________________________________________________________

2493. COLLECTION AFTER ASSESSMENT

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

Legal Authority: 26 USC 7805; 26 USC 6502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The Internal Revenue Service Restructuring and Reform Act of 
1998 (RRA `98) section 3461 amended section 6502 of the Code to limit 
the ability of the Service to enter into agreements extending the 
collection statute. RRA `98 also included an off-Code ``sunset'' 
provision governing the continued effect of collection statute 
extension agreements executed prior to January 1, 2000, the effective 
date of this section. The current regulations under section 6502 have 
not been updated to reflect these changes to the section. The current 
regulations provide that extension agreements may be executed anytime 
prior to the expiration of the original statutory collection period.
The revised regulations will incorporate the changes imposed by RRA `98 
and will provide in part that the only two circumstances under which an 
agreement extending the collecting period may be executed are: (1) when 
the extension agreement is executed in connection with an Installment 
Agreement; and (2) when the extension agreement is executed prior to a 
levy being released pursuant to section 6343, when the release occurs 
after the expiration of the original 10-year statutory collection 
period. Also, the revised regulations will discuss the continued 
validity of extension agreements executed prior to January 1, 2000.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148701-03
Drafting attorney: Debra Kohn (202) 622-3620
Reviewing attorney: Fredrick W. Schindler (202) 622-3600
Treasury attorney: Julian Kim (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: 202 622-3620
Email: debra.akohn@irscounsel.treas.gov

RIN: 1545-BC72

[[Page 27400]]

_______________________________________________________________________

2494. 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 related to the Federal income tax 
consequences of certain below-market loans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

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
_______________________________________________________________________

2495. 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

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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159704-03
Drafting attorney: Elizabeth Van Osten (202) 622-8257
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Elizabeth Van Osten, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-8257

RIN: 1545-BC82
_______________________________________________________________________

2496. 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: This regulation expands the definition of the term ``loss'' 
for purposes of sections 1092 and 263(g) to include otherwise 
deductible payments or accruals determined with respect to changes in 
the capital value of offsetting positions in a straddle that lacks a 
capital investment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

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
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
_______________________________________________________________________

2497. DETERMINATION OF RESIDENCY IN U.S. POSSESSIONS

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The section 937 proposed regulations provide rules for 
determining whether an individual is a bona fide resident of a U.S. 
possession, including America Samoa, Guam, the Northern Mariana 
Islands, Puerto Rico, and the Virgin Islands. The proposed regulations 
also 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 any U.S. 
possession. In addition, the proposed regulations contain additional 
conforming changes to regulations under related or effected sections of 
the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-159243-03
Drafting attorney: J. David Varley (202) 435-5265
Reviewing attorney: W. Edward Williams (202) 622-3830
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL

Agency Contact: J. David Varley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave., N.W., 
Washington, DC 20224
Phone: 202 435-5265


[[Page 27401]]


W. Edward Williams, Special Counsel, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3830

RIN: 1545-BC86
_______________________________________________________________________

2498. TRANSACTIONS INVOLVING THE TRANSFER OF NO NET EQUITY VALUE

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 351

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance regarding the 
application of sections 332, 351, and 368 in certain transactions 
involving insolvent corporations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-163314-03
Drafting attorney: Jean R. Brenner (202) 622-7790
Reviewing attorneys: Victor L. Penico and Lisa Fuller (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Jean R. Brenner, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7790

RIN: 1545-BC88
_______________________________________________________________________

2499. SICKNESS OR ACCIDENT DISABILITY PAYMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation provides guidance regarding the 
treatment of payments made on account of sickness or accident 
disability under a workers' compensation law for purposes of the 
Federal Insurance Contributions Act (FICA).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG-160315-03
Drafting attorney: David R. Ford (202) 622-6040
Reviewing attorney: Marie Cashman (202) 622-6040
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

Agency Contact: David R. Ford, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6040

RIN: 1545-BC89
_______________________________________________________________________

2500. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF 
ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation concerns the disclosure of corporate tax 
information to the Bureau of Economic Analysis, Department of Commerce.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148864-03
Drafting attorney: Joseph E. Conley (202) 622-4580
CC:PA:DPL

Agency Contact: Joseph E. Conley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4580

RIN: 1545-BC93
_______________________________________________________________________

2501. 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                            06/00/05

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: Audrey Nacamuli (202) 622-5721
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
_______________________________________________________________________

2502. ACCUMULATED ADJUSTMENT ACCOUNT AND OTHER CORPORATE SEPARATIONS 
UNDER SECTION 355

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 will amend the current regulations 
under section 1.1368-2 in order to

[[Page 27402]]

address the proper treatment of an S corporation's accumulated 
adjustment account in a section 355 transaction not preceded by a 
section 368(a)(1)(D) reorganization.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-168722-03
Drafting attorney: Deane M. Burke (202) 622-3070
Reviewing attorney: James Quinn (202) 622-3070
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-BC98
_______________________________________________________________________

2503. ATTAINED AGE OF THE INSURED

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 regulations define the age of the insured to be 
used by the insurance companies for the cash value corridor and 
maturity date assumption required to determine if a contract insuring 
more than one life qualifies as a life insurance contract for Federal 
income tax purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-168892-03
Drafting attorney: Ann H. Logan (202) 622-3970
Reviewing attorney: Donald Drees (202) 622-3970
CC:FI

Agency Contact: Ann H. Logan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3970

RIN: 1545-BD00
_______________________________________________________________________

2504. SUPPORT TEST IN THE CASE OF A CHILD OF DIVORCED PARENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 152

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will update section 1.152-4.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-149856-03
Drafting attorney: Victoria J. Driscoll (202) 622-4920
Reviewing attorney: Robert A. Berkovsky (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
_______________________________________________________________________

2505. TREATMENT OF FOREIGN STAPLED CORPORATION (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 269B

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This project will provide regulatory guidance to implement 
Notice 2003-50.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-101282-04
Drafting attorney: Richard L. Osborne (202) 622-3860
Reviewing attorney: Robert W. Lorence (202) 622-3860
Treasury attorney: Michael Cabellero (202) 622-0851
CC:INTL

Agency Contact: Richard L. Osborne, 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-BD05
RIN: 1545-BD06
_______________________________________________________________________

2506. 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            06/00/05

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

[[Page 27403]]

Treasury attorney: Michael Desmond (202) 622-1981
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
_______________________________________________________________________

2507. 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 proposed regulation provides additional guidance with 
respect to dual consolidated losses under section 1503(d).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-102144-04
Drafting attorney: Kathryn T. Holman (202) 622-3860
Reviewing attorney: John Merrick (202) 622-3800
Treasury attorney: David Sotos (202) 622-0851
CC:INTL

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

RIN: 1545-BD10
_______________________________________________________________________

2508. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 412(b)(5)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will provide rules regarding the 
current liability interest rate under section 412(b)(5).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105966-04
Drafting attorney: Linda S.F. Marshall (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

RIN: 1545-BD13
_______________________________________________________________________

2509. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5) 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 412(b)(5)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This temporary regulation will provide rules regarding the 
current liability interest rate under section 412(b)(5).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-105966-04
Drafting attorney: Linda S.F. Marshall (202) 622-8012
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-BD13
RIN: 1545-BD14
_______________________________________________________________________

2510. 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 November 28, 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). 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 FPHC, FIC, or 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                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107420-04
Drafting attorney: Michelle L. Drumbl (202) 622-3880
Reviewing attorney: Karen Rennie (202) 622-3880
Treasury attorney: John Harrington (202) 622-0589
CC:INTL

[[Page 27404]]

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

RIN: 1545-BD15
_______________________________________________________________________

2511. MOVE AND UPDATE THE ESTIMATED TAX REGULATIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 6654

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation will move and update the estimated 
tax regulations from Treasury Regulation sections 1.6015(a)-(j) and 
301.6015 to the section 6654 regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147157-03
Drafting attorney: Tonya L. Christianson (202) 622-4910
Reviewing attorney: Tiffany Smith (202) 622-4910
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:APJ

Agency Contact: Tonya L. Christianson, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-BD17
_______________________________________________________________________

2512. 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                            06/00/05

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
_______________________________________________________________________

2513. ESCROW ACCOUNTS, TRUSTS, AND OTHER FUNDS USED DURING DEFERRED 
EXCHANGES OF LIKE-KIND PROPERTY

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 468B(g)

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: These proposed regulations provide rules under section 
468B(g) regarding the taxation and reporting of the income earned on 
escrow accounts, trusts, and other funds used for deferred exchanges of 
like-kind property under section 1031(a)(3). The proposed regulations 
affect qualified escrow accounts, qualified trusts, and other funds 
established in connection with deferred like-kind exchanges, and the 
taxpayers, escrowees, trustees, qualified intermediaries, and other 
parties who receive the funds or establish, maintain, and administer 
the accounts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-113365-04
Drafting attorney: A. Katharine J. Kiss (202) 622-4930
Reviewing attorney: Jeffrey G. Mitchell (202) 622-4930
CC:ITA:B07

Agency Contact: A. Katharine Kiss, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4930

Related RIN: Split from 1545-AR82
RIN: 1545-BD19
_______________________________________________________________________

2514. SECTION 42 QUALIFIED CONTRACT PROVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 42

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                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-114084-03
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, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3040

RIN: 1545-BD20

[[Page 27405]]

_______________________________________________________________________

2515. PAYMENTS FOR WHICH NO RETURN OF INFORMATION IS REQUIRED UNDER 
SECTION 6041

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

Legal Authority: 26 USC 6041

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                            11/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147136-03
Drafting attorney: Michelle B. Baxter (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-7085
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJ

Agency Contact: Michelle B. Baxter, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-BD21
_______________________________________________________________________

2516. 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                            11/00/05

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
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
_______________________________________________________________________

2517. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES 
(TEMPORARY)

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 have an effective implementing agreement with the 
United States, in accordance with the Tax Reform Act of 1986, Public 
Law 99-514.
The regulations will include regs for both the 1954 Code and the 1986 
Code versions of section 7654.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139900-03
Drafting attorney: Mae J. Lew (202) 435-5262
Reviewing attorney: Ricardo A. Cadenas (202) 435-5262
Treasury attorney: Carl Dubert (202) 622-1765
CC:INTL

Agency Contact: Mae J. Lew, 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
_______________________________________________________________________

2518. GUIDANCE ON PFIC PURGING ELECTIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These temporary 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

________________________________________________________________________

Temporary Regulation            12/00/05

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: Carl Dubert (202) 622-0222

[[Page 27406]]

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-BC37
RIN: 1545-BD33
_______________________________________________________________________

2519. TRANSFERS OF RESTRICTED STOCK

Priority: Substantive, Nonsignificant

Legal Authority: 42 USC 83

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations address the application of section 
83 to the transfer of substantially nonvested stock to a related 
person.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-127147-04
Drafting attorney: Stephen B. Tackney (202) 622-6030
Treasury attorney: Dan Hogans (202) 622-1332
CC: TEGE

Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6030

Related RIN: Related to 1545-BD45
RIN: 1545-BD44
_______________________________________________________________________

2520. TRANSFERS OF RESTRICTED STOCK (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 42 USC 83

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations addressing the application of 
section 83 to the transfer of substantially nonvested stock to a 
related person.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-127147-04
Drafting attorney: Stephen B. Tackney (202) 622-6030
Treasury attorney: Dan Hogans (202) 622-1332
CC: TEGE

Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6030

Related RIN: Related to 1545-BD44
RIN: 1545-BD45
_______________________________________________________________________

2521. APPLICATION OF SECTIONS 304(B)(6) AND 367 IN CROSS BORDER SECTION 
304 TRANSACTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 304(b)(6); 26 USC 367(a)(6); 26 
USC 367(b)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation will coordinate sections 304 and 367 
in cross-border stock redemptions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-127740-04
Drafting attorney: Tracy D. Perry (202) 622-3870
Reviewing attorney: Jeffrey Dorfman (202) 622-3870
Treasury attorney: David Sotos (202) 622-0851
CC:INTL

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

RIN: 1545-BD46
_______________________________________________________________________

2522. UPDATE OF 415 REGULATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: These proposed 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                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-130241-04
Drafting attorney: Linda S.F. Marshall (202) 622-6090
CC: TEGE:QP1

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-BD52
_______________________________________________________________________

2523. AGGREGATE COMPUTATION; ALLOCATION OF RESEARCH CREDIT II

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 41

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the computation and allocation of 
the

[[Page 27407]]

credit for increasing research activities for members of a controlled 
group under section 41(f) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-134030-04
Drafting attorney: Nicole R. Cimino (202) 622-3120
Reviewing attorney: Brenda M. Stewart (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

Related RIN: Related to 1545-BA88, Related to 1545-BE17
RIN: 1545-BD60
_______________________________________________________________________

2524. CLASSIFICATION OF INDIAN TRIBAL CORPORATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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                            12/00/05

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
_______________________________________________________________________

2525. DECLARATORY JUDGMENT--GIFT TAX VALUE

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7477

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                            07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-143716-04
Drafting attorney: Juli Ro Kim (202) 622-3090
Reviewing attorney: George Masnik (202) 622-3090
Treasury attorney: Cathy Hughes (202) 622-9407
CC: PSI

Agency Contact: Juli Ro Kim, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3090

RIN: 1545-BD67
_______________________________________________________________________

2526. USE OF ELECTRONIC TECHNOLOGIES FOR PROVIDING NOTICES AND 
TRANSMITTING ELECTIONS AND CONSENTS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 401; PL106-229, 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                            05/00/05

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: Marjorie Hoffman (202) 622-6060
Treasury attorney: Bill 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: 202 622-6060

RIN: 1545-BD68
_______________________________________________________________________

2527. DISABLED ACCESS CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 44; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Guidance under section 44 regarding the disabled access 
credit for eligible small business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-144246-04

[[Page 27408]]

Drafting attorney: Eric B. Lee (202) 622-3120
Reviewing attorney: Leslie H. Finlow (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI

Agency Contact: Eric B. Lee, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3120

RIN: 1545-BD69
_______________________________________________________________________

2528. SECTION 704(B)(2) AND SUBSTANTIALITY

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 704(b)(2)

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                            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-144620-04
Drafting attorneys: Rebekah A. Myers and Tim Leska (202) 622-3050
Reviewing attorney: Beverly Katz (202) 622-3060
Treasury attorney: Matthew Lay (202) 622-1788
CC:PSI

Agency Contact: Rebekah A. Myers, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3050

RIN: 1545-BD70
_______________________________________________________________________

2529. REGULATIONS UNDER SECTION 706 REGARDING TAXABLE YEAR OF A 
PARTNERSHIP

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 706

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                            05/00/05

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: David Haglund (202) 622-3050
Treasury attorney: Stephanie Robinson (202) 622-9858
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
_______________________________________________________________________

2530. 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                            12/00/05

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
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
_______________________________________________________________________

2531. GUIDANCE UNDER SECTION 6501(C)(1) REGULATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 6501

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide guidance with respect to the 
statute of limitations on assessment being held open indefinitely if 
someone that is affiliated with their return (e.g., preparer, 
appraiser, accountant, etc.) commits fraud.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-144905-04
Drafting attorney: Matthew Cooper (202) 622-4940
Reviewing attorney: Charles Hall (202) 622-4940
CC:PA:APJ

Agency Contact: Matthew Cooper, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-4940

RIN: 1545-BD73

[[Page 27409]]

_______________________________________________________________________

2532. GUIDANCE UNDER SECTION 707(C) REGARDING GUARANTEED PAYMENTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 707

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                            11/00/05

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
Reviewing attorney: David Haglund (202) 622-3050
Treasury attorney: Stephanie Robinson (202) 622-9858
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
_______________________________________________________________________

2533. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 7701

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will revise the entity classification 
rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-148521-04
Drafting attorney: Ronald M. Gootzeit (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: David Sotos (202) 622-0851
CC:INTL

Agency Contact: Ronald M. Gootzeit, 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-BD78
RIN: 1545-BD77
_______________________________________________________________________

2534. POSSIBLE 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)

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 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); 
reordering, simplifying, and indexing Treasury Regulation sections 
1.381 (c)(4) and (5).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-151884-03 and REG-151887-03
Drafting attorney: C. Oseekey (202) 622-4970
Reviewing attorney: Jeffery G. Mitchell (202) 622-4970
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA

Agency Contact: Jeffery G. Mitchell, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4970

RIN: 1545-BD81
_______________________________________________________________________

2535. 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.

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 263(a)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: To reduce the prospect of future controversy, the Service and 
Treasury Department intend to propose regulations to address the 
treatment of amounts that facilitate certain tax-free and taxable 
transactions and other restructurings and that are required to be 
capitalized under section 263(a) and section 1.263(a)-5.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143640-04
Drafting attorney: Angella L. Warren (202) 622-4950
Reviewing attorney: Glenn Bogdonoff (202) 622-4950
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:ITA

Agency Contact: Angella L. Warren, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4950

RIN: 1545-BD82

[[Page 27410]]

_______________________________________________________________________

2536. 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: 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 that sells, exchanges, or 
distributes all of such stock, can make an election under section 
336(e) to treat such sale, exchange, or distribution as a disposition 
of all the assets of such other corporation and recognize no gain or 
loss on the sale, exchange, or distribution of such stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-143544-04
Drafting attorney: Emidio J. Forlini (202) 622-7930
CC: COR

Agency Contact: Emidio J. Forlini Jr., Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7930

RIN: 1545-BD84
_______________________________________________________________________

2537. GUIDANCE UNDER SECTION 79

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 79

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Guidance under 26 U.S.C. section 79, group term life 
insurance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: Drafting attorney: Betty J. Clary (202) 622-
6080

Agency Contact: Betty J. Clary, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-BD85
_______________________________________________________________________

2538. DEFINITION OF THE ``DUE DATE'' FOR PURPOSES OF CALCULATING 
OVERPAYMENT INTEREST UNDER SECTION 301.6611(H)

Priority: Info./Admin./Other

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6611

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                            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-148576-04
Drafting attorney: Tatiana Belenkaya (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
CC:APJP:B01

Agency Contact: Tatiana L. Belenkaya, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-BD86
_______________________________________________________________________

2539. [bull] RETURN FOR SUBCHAPTER T COOPERATIVES

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

Legal Authority: 26 USC 6012

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This publication will amend Section 1.6012-2(f) of the Income 
Tax Regulations to provide that all Subchapter T cooperatives as 
defined under Section 1381 are required to a return on Form 1120-C.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-149436-04
Drafting attorney: Donnell M. Rini-Swyers (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJ

Agency Contact: Donnell M. Rini-Swyers, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW, 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-BD92
_______________________________________________________________________

2540. [bull] EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944

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

Legal Authority: 26 USC 6011

CFR Citation: 26 CFR 31.6011(a)-1; 26 CFR 31.6011(a)-4

Legal Deadline: None

Abstract: The purpose of this regulatory action is to amend CRF 
sections 31.6011(a)-4 of the Withholding Taxes Regulations to allow the 
filing of Form 944, Employer's Annual Federal Employment Tax Return, 
for employers selected by the Service to participate in the Employer's 
941 Annual Employment Tax Return Program.

[[Page 27411]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Federal

Additional Information: REG-148568-04
Tax Law Specialist: Raymond Bailey (202) 622-4910
CC:PA:APJ

Agency Contact: Raymond Bailey, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910

Related RIN: Related to 1545-BE00
RIN: 1545-BD93
_______________________________________________________________________

2541. [bull] RETURN FOR SUBCHAPTER T COOPERATIVES (TEMPORARY)

Priority: Info./Admin./Other

Legal Authority: 26 USC 6012

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This publication will amend section 1.6012-2(f) of the Income 
Tax Regulations to provide that all Subchapter T cooperatives as 
defined under section 1381 are required to file a return on Form 1120-
C.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-149436-04
Drafting attorney: Donnell M. Rini-Swyers (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJ

Agency Contact: Donnell M. Rini-Swyers, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW, 
Washington, DC 20224
Phone: 202 622-4910

Related RIN: Related to 1545-BD92
RIN: 1545-BD98
_______________________________________________________________________

2542. [bull] EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944 
(TEMPORARY)

Priority: Info./Admin./Other

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6011

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: The purpose of this regulatory action is to amend sections 
31.6011(a)-4 of the Withholding Taxes Regulations to allow the filing 
of Form 944, Employer's Annual Federal Employment Tax Return, for 
employers selected by the Service to participate in the Employer's 941 
Annual Employment Tax Return Program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Federal

Additional Information: REG-148568-04
Tax Law Specialist: Raymond Bailey (202) 622-622-4910
CC:PA:APJ

Agency Contact: Raymond Bailey, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910

Related RIN: Related to 1545-BD93
RIN: 1545-BE00
_______________________________________________________________________

2543. [bull] REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE 
BUREAU OF ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Authorize disclosure of additional corporate tax information 
to Bureau of Economic Analysis, Department of Commerce.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-148864-03 AND 147195-04
Drafting attorney: James C. O'Leary (202) 622-8543
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:DPL

Agency Contact: James C. O'Leary, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-8543

Related RIN: Related to 1545-BC93, Related to 1545-BE01, Related to 
1545-BE08
RIN: 1545-BE02
_______________________________________________________________________

2544. [bull] 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, alcohol fuel 
provisions, and other excise taxes related to taxable fuels.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-153838-04
Drafting attorney: Susan Athy (202) 622-3130
Reviewing attorney: Frank Boland (202) 622-3130 and Lewis Fernandez 
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578

[[Page 27412]]

CC: PSI:B8

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-BE03
_______________________________________________________________________

2545. [bull] DYE INJECTION

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 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                            05/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-154000-04
Drafting attorney: William L. Blodgett (202) 622-3090
Treasury attorney: John Parcell (202) 622-2578
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

Related RIN: Related to 1545-BE44
RIN: 1545-BE04
_______________________________________________________________________

2546. [bull] APPLICATION OF SECTION 6404(G) SUSPENSION PROVISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This proposed regulation is meant to clarify the types of 
cases in which interest and penalties are suspended for the Service's 
failure to issue a notice alerting taxpayers of their liability and the 
basis therefor within the statutory period.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-149036-04
Drafting attorney: Julie A. Jebe (202) 622-7950
Reviewing attorney: Stuart Spielman (202) 622-7950
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

Agency Contact: Julie A. Jebe, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7950

RIN: 1545-BE07
_______________________________________________________________________

2547. [bull] 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 document contains proposed regulations that would 
generally eliminate country-by-country reporting to shareholders of 
foreign source income and foreign taxes paid by 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                            06/00/05

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
CC:FI

Agency Contact: Susan T. Baker, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3930

RIN: 1545-BE09
_______________________________________________________________________

2548. [bull] INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED 
INTELLECTUAL PROPERTY CONTRIBUTIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 6050L(b)

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: This publication will add section 1.6050L-2 of the Income Tax 
Regulations to provide guidance for filing information returns by 
donees relating to qualified intellectual property contributions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-158138-04
Drafting attorney: Donnell M. Rini-Swyers (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
Treasury attorney: Eric SanJuan (202) 622-0224
CC:PA:APJ

Agency Contact: Donnell M. Rini-Swyers, Attorney, Department of the 
Treasury, Internal Revenue Service,

[[Page 27413]]

1111 Constitution Ave NW, Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-BE11
_______________________________________________________________________

2549. [bull] 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                            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-159420-04
Drafting attorney: Eric B. Lee (202) 622-3120
Reviewing attorney: Brenda M. Stewart (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI

Agency Contact: Eric B. Lee, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3120

RIN: 1545-BE14
_______________________________________________________________________

2550. [bull] 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 clarifies the extent to which taxpayers must 
capitalize expenditures to repair, improve, or rehabilitate tangible 
property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-168745-03
Drafting attorney: Kimberly L. Koch (202) 622-5020
Reviewing attorney: Robert M. Casey (202) 622-4950
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA:1

Agency Contact: Kimberly L. Koch, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW, 
Washington, DC 20224
Phone: 202 622-5020
Fax: 202 622-7241

RIN: 1545-BE18
_______________________________________________________________________

2551. [bull] WITHHOLDING EXEMPTIONS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 3402

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: Amendment of section 31.3402(f)(2)-1 of the Employment Tax 
Regulations to provide guidance for employers and employees relating to 
the Form W-4, ``Employee's Withholding Allowance Certificate,'' the 
submission of copies of certain withholding exemption certificates to 
the Internal Revenue Service, and the notice to the employer and 
employee of the maximum number of exemptions permitted.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

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
CC:TEGE

Agency Contact: Margaret A. Owens, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-0047

RIN: 1545-BE20
_______________________________________________________________________

2552. [bull] WITHHOLDING EXEMPTIONS (TEMPORARY)

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 3402

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: Amendment of section 31.3402(f)(2)-1 of the Employment Tax 
Regulations to provide guidance for employers and employees relating to 
the Form W-4, ``Employee's Withholding Allowance Certificate,'' the 
submission of copies of certain withholding exemption certificates to 
the Internal Revenue Service, and the notice to the employer and 
employee of the maximum number of exemptions permitted.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            05/00/05

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
CC: TEGE

Agency Contact: Margaret A. Owens, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-0047

Related RIN: Related to 1545-BE20
RIN: 1545-BE21
_______________________________________________________________________

2553. [bull] FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN 
JOBS CREATION ACT OF 2004 (AJCA)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1301

[[Page 27414]]

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 businesses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

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:B3

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
_______________________________________________________________________

2554. [bull] 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                            07/00/05

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
_______________________________________________________________________

2555. [bull] SECTION 6011 REGULATIONS (TEMPORARY)

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

________________________________________________________________________

Temporary Regulations           07/00/05

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-BE24
RIN: 1545-BE25
_______________________________________________________________________

2556. [bull] 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                            07/00/05

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
_______________________________________________________________________

2557. [bull] SECTION 6111 REGULATIONS (TEMPORARY)

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

________________________________________________________________________

Temporary Regulations           07/00/05

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

[[Page 27415]]

Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3080

Related RIN: Related to 1545-BE26
RIN: 1545-BE27
_______________________________________________________________________

2558. [bull] 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 AJCA.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

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: Christine E. Ellison, 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
_______________________________________________________________________

2559. [bull] SECTION 6112 REGULATIONS (TEMPORARY)

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 AJCA.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           07/00/05

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-BE28
RIN: 1545-BE29
_______________________________________________________________________

2560. [bull] EMPLOYER COMPARABLE CONTRIBUTIONS TO ARCHER MEDICAL SAVINGS 
ACCOUNTS UNDER 4980E AND HEALTH SAVINGS ACCOUNTS UNDER SECTION 4980G

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 4980G; 26 USC 7805

CFR Citation: 26 CFR 54

Legal Deadline: None

Abstract: The proposed regulations will set forth the rules for 
determining the applicability of the comparability rules for Archer 
Medical Savings Accounts under section 4980E and Health Savings 
Accounts under section 4980G. The proposed regulations will also set 
forth the rules for determining whether employer contributions to 
Archer Medical Savings Accounts and Health Savings Accounts satisfy the 
comparability rules under sections 4980E and 4980G.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-138647-04
Drafting attorney: Barbara E. Pie (202) 622-6080
Reviewing attorney: Harry Beker (202) 622-6080
CC: TEGE

Agency Contact: Barbara E. Pie, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-6080

RIN: 1545-BE30
_______________________________________________________________________

2561. [bull] 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                            07/00/05

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 Lewis 
Fernandez (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

[[Page 27416]]

_______________________________________________________________________

2562. [bull] DOMESTIC WORKERS REGULATION UPDATE (APPLICATION OF THE 
FEDERAL INSURANCE CONTRIBUTIONS ACT TO PAYMENTS MADE FOR CERTAIN 
SERVICES)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: The proposed amendments to the regulations under sections 
3102, 3121(a), 3121(a)(7), 3121(a)(8), 3121(a)(10), and 3121(i) provide 
guidance concerning the application of the Federal Insurance 
Contributions Act (FICA) to payments made for service not in the course 
of an employer's trade or business, for domestic service in a private 
home of an employer, for agricultural labor, and for service performed 
as a home worker within the meaning of section 3121(d)(3)(C) of the 
Code. Changes to section 3121(a)(7)(B), relating to domestic service, 
were made by the Technical and Miscellaneous Revenue Act of 1988. 
Changes to section 3121(a)(7)(C), relating to service not in the course 
of an employer's trade or business, and 3121(a)(10), relating to home 
workers, were made by the Social Security Financing Amendments of 1977. 
These statutory changes are not reflected in the existing regulations, 
including regulations related to sections 3102, 3121(a), and 
3121(i)(1).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-104143-05
Drafting attorney: Paul J. Carlino (202) 622-0047
Reviewing attorney: Michael A. Swim (202) 622-0047
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE

Agency Contact: Paul J. Carlino, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-0047

RIN: 1545-BE32
_______________________________________________________________________

2563. [bull] INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 199; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Guidance to taxpayers regarding the deduction for income 
attributable to domestic production activities under section 199 of the 
Internal Revenue Code. Section 199 was enacted by section 102 of the 
American Jobs Creation Act of 2004, and allows a deduction equal to 3 
percent (for 2005 and 2006) of the lesser of the qualified production 
activities income of the taxpayer or the taxpayers taxable income, 
subject to certain limits. The deduction percentage increases to 6 
percent for 2007 through 2009 and to 9 percent thereafter.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Additional Information: REG-105847-05
Drafting attorney: Paul F. Handleman (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury attorney: George Manousos (202) 622-1335
CC: PSI

Agency Contact: Paul F. Handleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3040

RIN: 1545-BE33
_______________________________________________________________________

2564. [bull] 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                            12/00/05

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
_______________________________________________________________________

2565. [bull] RELEASE OF LIEN OR DISCHARGE OF PROPERTY

Priority: Info./Admin./Other

Legal Authority: 26 USC 6325; 26 USC 6503; 26 USC 7426

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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-159444-04
Drafting attorney: Debra A. Kohn (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

[[Page 27417]]

Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3620
Email: debra.akohn@irscounsel.treas.gov

RIN: 1545-BE35
_______________________________________________________________________

2566. [bull] FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN 
JOBS CREATION ACT OF 2004 (AJCA) (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1301

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 businesses.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            06/00/05

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
_______________________________________________________________________

2567. [bull] DISREGARDED ENTITIES AND COLLECTIONS

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

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                            12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: Undetermined

Additional Information: REG-114371-05
Drafting attorney: Martin Schaffer (202) 622-3070
Treasury attorney: Matthew Lay (202) 622-1788
CC: PSI

Agency Contact: Martin Schaffer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3070

RIN: 1545-BE43
_______________________________________________________________________

2568. [bull] DYE INJECTION (TEMPORARY)

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 temporary 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

________________________________________________________________________

Temporary Regulation            12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-154000-04
Drafting attorney: William L. Blodgett (202) 622-3090
Treasury attorney: John Parcell (202) 622-2578
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

Related RIN: Related to 1545-BE44
RIN: 1545-BE44
_______________________________________________________________________

2569. [bull] 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

CFR Citation: 26 CFR 801

Legal Deadline: None

Abstract: 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                            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-114444-05
Drafting attorney: Nancy M. Kelley (202) 283-7919
Reviewing attorney: Neil B. Worden (202) 283-7911
Treasury attorney: Michael Desmond (202) 622-1981
CC:GLS:CL&

Agency Contact: Nancy M. Kelley, Attorney, Department of the Treasury, 
Internal Revenue Service, 2nd Floor, 950 L'Enfant Plaza, Washington, DC 
20024

[[Page 27418]]

Phone: 202 283-7919

Related RIN: Related to 1545-BE46
RIN: 1545-BE45
_______________________________________________________________________

2570. [bull] BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE 
PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 9501; 26 USC 7804; PL 105-206, sec 1201; PL 105-
206, sec 1204

CFR Citation: 26 CFR 801

Legal Deadline: None

Abstract: IRS will issue Temporary Regulations amending 26 CFR part 801 
to remove restrictions 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

________________________________________________________________________

Temporary Regulation            05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-114444-05
Drafting attorney: Nancy M. Kelley (202) 283-7919
Reviewing attorney: Neil B. Worden (202) 283-7911
Treasury attorney: Michael Desmond (202) 622-1981
CC:GLS:CL&

Agency Contact: Nancy M. Kelley, Attorney, Department of the Treasury, 
Internal Revenue Service, 2nd Floor, 950 L'Enfant Plaza, Washington, DC 
20024
Phone: 202 283-7919

Related RIN: Related to 1545-BE45
RIN: 1545-BE46
_______________________________________________________________________

2571. [bull] INFORMATION RETURNS REQUIRED WITH RESPECT TO CERTAIN 
FOREIGN CORPORATIONS AND OTHER CONFORMING CHANGES

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 provide guidance regarding accounting 
methods and penalties under section 6038.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

Regulatory Flexibility Analysis Required: 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

RIN: 1545-BE47
_______________________________________________________________________

2572. [bull] MODIFICATIONS TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 
6302

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6302

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: Proposed regulations regarding deposit requirements under 
section 6302 needed to implement a new annual file program for 
employment taxes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-144900-04
Drafting attorney: Audra M. Dineen (202) 622-4940
CC:PA:APJ

Agency Contact: Audra M. Dineen, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4940

Related RIN: Related to 1545-BE49
RIN: 1545-BE48
_______________________________________________________________________

2573. [bull] MODIFICATION TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 
6302 (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6302

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: Temporary regulations regarding deposit requirements under 
section 6302 needed to implement a new annual file program for 
employment taxes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-144900-04
Drafting attorney: Audra M. Dineen (202) 622-4940
CC:PA:APJ

Agency Contact: Audra M. Dineen, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4940

Related RIN: Related to 1545-BE48
RIN: 1545-BE49
_______________________________________________________________________

2574. [bull] ATTAINED AGE OF INSURED

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7702; 26 USC 7702A; 26 USC 7805(a)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation defines the ``attained age'' to be 
used for single and multiple insureds under life insurance contracts 
for the testing required under sections 7702 and 7702A.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/05

[[Page 27419]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-168892-03
Drafting attorney: Ann H. Logan (202) 622-3970
Treasury attorney: Mark Smith (202) 622-1778

Agency Contact: Ann H. Logan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3970

RIN: 1545-BE53
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________

2575. 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 will be amended 
to reflect the changes made to that section by the Tax Reform Act of 
1984. Section 367 now provides generally that a foreign corporation 
will not be considered to be a corporation, for purposes of certain 
nonrecognition provisions of the Code, upon the transfer of property to 
such corporation by a U.S. person. The statute provides certain 
exceptions to that rule, exemptions to those exceptions, and special 
rules applicable to certain specified transfers. The regulations will 
provide guidance concerning the applicability of the general rule and 
its exceptions and special rules, including guidance concerning 
transfers of assets for use in the active conduct of a trade or 
business, stock transfers, transfers of intangible assets, and 
transfers of branch operations that have operated at a loss.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/16/86                    51 FR 17990
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209042-86 (INTL-610-86)
Drafting attorney: Thomas D. Beem (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL

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

RIN: 1545-AK74
_______________________________________________________________________

2576. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS 
UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 897

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules concerning the effect of 
certain distributions including dividends, redemptions, distributions 
pursuant to reorganizations, and liquidations on corporations and their 
shareholders under the Foreign Investment in Real Property Tax Act. 
Regulations will also provide rules for determining the extent to which 
nonrecognition would apply to certain transfers of real property 
interests and the extent to which certain reorganizations will be 
treated as sales of property at fair market value.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/05/88                    53 FR 16233
Hearing                         03/01/89                     54 FR 1189
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209039-87 (INTL-491-87)
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL

Agency Contact: Robert W. Lorence, Senior Counsel, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3860

RIN: 1545-AK79
_______________________________________________________________________

2577. 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                    12/00/05

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, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-AO24

[[Page 27420]]

_______________________________________________________________________

2578. FRINGE BENEFIT SOURCING UNDER SECTION 861

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 861

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the circumstances in which an 
allocation of income of an individual for the performance of services, 
both within and outside the United States, is appropriately made only 
on the time basis.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/00                     65 FR 3402
Public Hearing                  07/18/00
Second NPRM                     08/06/04                    69 FR 47816
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-208254-90 (INTL-107-90)
Drafting attorney: David F. Bergkuist (202) 622-3850
Reviewing attorney: Richard L. Chewning (202) 622-3850
Treasury attorney: John Harrington (202) 622-0589
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

RIN: 1545-AO72
_______________________________________________________________________

2579. INTEREST-FREE ADJUSTMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 6205

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: Under section 6205(a)(1) of the Code, if less than the 
correct amount of tax imposed under the FICA, the RRTA, or the income 
tax withholding provisions is paid with respect to any payment of wages 
or compensation, proper adjustments with respect to both the tax and 
amount to be deducted must be made without interest in such manner and 
in such times as the Secretary may by regulations prescribe. The 
amendments add language to clarify that an interest-free adjustment can 
be made in certain situations in which the error is ascertained before 
the appropriate return is filed. The amendments are intended to apply 
only to situations in which no return was filed because the employer 
improperly failed to treat its workers as employees.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/10/92                    57 FR 58423
NPRM Comment Period End         02/08/93
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209538-92 (EE-12-92)
Drafting attorney: Karin Loverud (202) 622-6060
Reviewing attorney: Mary Oppenheimer (202) 622-6010
CC:TEGE

Agency Contact: Karin Loverud, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-AQ61
_______________________________________________________________________

2580. 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
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Federalism:  Undetermined

Additional Information: REG-209558-92
Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6080
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AQ74
_______________________________________________________________________

2581. ESCROW FUNDS AND OTHER SIMILAR FUNDS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 0468B

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides further guidance relating to certain 
escrow funds and other similar funds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/99                     64 FR 4801
NPRM Comment Period End         05/03/99
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

[[Page 27421]]

Additional Information: REG-209619-93 (IA-17-93)
Drafting attorney: Richard Shevak (202) 622-8142
Reviewing attorney: Jeffery G. Mitchell (202) 622-4930
CC:ITA:7

Agency Contact: Richard Shevak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8142

Related RIN: Related to 1545-BD19
RIN: 1545-AR82
_______________________________________________________________________

2582. MARK-TO-MARKET UPON DISPOSITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 475

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations address the relationship between mark-to-
market accounting and accrual of stated interest, discount and premium, 
and between mark-to-market accounting and the tax treatment of bad 
debts. The regulations also provide that securities are to be marked to 
market upon disposition by a dealer and the exemption from marking to 
market in certain securitization transactions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/95                      60 FR 397
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-209724-94 (FI-42-94)
Drafting attorney: Stephen J. Coleman (202) 622-6289
Reviewing attorney: Elizabeth Handler (202) 622-3157
CC:FIP
Sections 1.475(a)-3 finalized in TD 8700. Sections 1.475(b)-4 finalized 
in TD 8700. Sections 1.475(c)-2 finalized in TD 8700.

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-AS85
_______________________________________________________________________

2583. 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                    06/00/05

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
_______________________________________________________________________

2584. RECOMPUTATION OF LIFE INSURANCE RESERVES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 816

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will permit recomputation of life insurance 
reserves that were not originally computed according to the 
requirements of section 816(b)(1)(A).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/02/97                       62 FR 71
Final Action                    01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-246018-96
Drafting attorney: Linda Boyd (202) 622-3970
Reviewing attorney: Don Drees (202) 622-3970
CC:FI

Agency Contact: Linda Boyd, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington , DC 
20224
Phone: 202 622-3970

RIN: 1545-AU49
_______________________________________________________________________

2585. DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance on the application of 
the private loan test and the private business use and private 
payments/security tests to refunding bonds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/94                    59 FR 67658
NPRM Comment Period End         05/01/95
Second NPRM                     05/14/03                    68 FR 25845
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-113007-99
Drafting attorney: Laura Lederman (202) 622-3980
Treasury attorney: Stephen Watson (202) 622-1322
CC:TEGE

Agency Contact: Laura Lederman, attorney, Department of the Treasury,

[[Page 27422]]

Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-3980

RIN: 1545-AU98
_______________________________________________________________________

2586. RETURN OF LEVIED PROPERTY IN CERTAIN CASES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Section 501(b) of the Taxpayer Bill of Rights 2 amended 
section 6343 of the Internal Revenue Code to authorize the Secretary to 
return levied property in four enumerated circumstances. Section 
1102(d)(1)(B) of RRA 98 changed ``Taxpayer Advocate'' to ``National 
Taxpayer Advocate'' as a person who determines what is in the best 
interest of the taxpayer. The regulations set forth the circumstances 
in which the Secretary may return property and procedures to implement 
these sections.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/14/01                    66 FR 10249
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-101520-97
Drafting attorney: Kevin B. Connelly (202) 622-3630
Reviewing attorney: Robert Miller (202) 622-3630
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:CBS

Agency Contact: Kevin B. Connelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3630

RIN: 1545-AV01
_______________________________________________________________________

2587. 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                    05/00/05

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
_______________________________________________________________________

2588. 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                    12/00/05

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, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3870

RIN: 1545-AW13
_______________________________________________________________________

2589. 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                            12/18/98                    63 FR 70354
NPRM Comment Period End         03/22/99
Final Action                    07/00/05

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: Audrey Nacamuli (202) 622-5721
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

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

[[Page 27423]]

_______________________________________________________________________

2590. CAPITAL GAIN GUIDANCE RELATING TO CRTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1; 26 USC 664

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance relating to charitable 
remainder trusts in light of the changes made to section 1(h) of the 
Internal Revenue Code by the Taxpayer Relief Act of 1997, the Internal 
Revenue Service Restructuring and Reform Act of 1998, and the Jobs and 
Growth Tax Relief Reconciliation Act of 2003.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/20/03                    68 FR 65419
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-110896-98
Drafting attorney: Theresa M. Melchiorre (202) 622-7830
Reviewing attorney: Katherine A. Mellody (202) 622-3090
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

Agency Contact: Theresa M. Melchiorre, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7830

RIN: 1545-AW35
_______________________________________________________________________

2591. REPORTING OF PAYMENTS TO ATTORNEY

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6045

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation provides information reporting requirements 
for payments of gross proceeds made in the course of a trade or 
business to attorneys in connection with legal services.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/21/99                    64 FR 27730
Second NPRM                     05/17/02                    67 FR 35064
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126024-01
Drafting attorney: Nancy L. Rose (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:APJ

Agency Contact: Nancy L. Rose, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4910

RIN: 1545-AW72
_______________________________________________________________________

2592. HIGHWAY VEHICLE--DEFINITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 4051

CFR Citation: 26 CFR 48

Legal Deadline: None

Abstract: This regulation provides amendments to regulations relating 
to definition of a highway vehicle.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/06/02                    67 FR 38913
Public Hearing                  02/27/03
Final Action                    07/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103829-99
Drafting attorney: Ceclia Gabrysh (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez 
(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-AX10
_______________________________________________________________________

2593. 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
Final Action                    06/00/05

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: George Manousos (202) 622-0865
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
_______________________________________________________________________

2594. CASH OR DEFERRED ARRANGEMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation updates and revises regulations on qualified 
cash or deferred arrangements, matching contributions, and employee 
contributions.

[[Page 27424]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/17/03                    68 FR 42476
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-108639-99
Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6060
Reviewing attorney: Marjorie Hoffman (202) 622-6000
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

Related RIN: Related to 1545-AX43
RIN: 1545-AX26
_______________________________________________________________________

2595. STOCK TRANSFER RULES--CARRYOVER OF EARNINGS AND TAXES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 367

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance with respect to how 
earnings and profits and foreign income tax accounts carry over under 
section 381 and are allocated under section 312 in certain transactions 
described in section 367(b) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/15/00                    65 FR 69138
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116050-99
Drafting attorney: Mark R. Pollard (202) 622-3850
Reviewing attorney: Anne Devereaux (202) 622-3850
Treasury attorney: Michael Caballero (202) 622-0851
CC:INTL

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

RIN: 1545-AX65
_______________________________________________________________________

2596. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE AND CERTAIN OTHER 
EXPENSES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules for the allocation and 
apportionment of interest expenses and certain other expenses for 
purposes of the foreign tax credit and certain other international tax 
provisions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/05/90                     55 FR 3750
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-117608-99
Drafting attorney: David F. Bergkuist (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
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

RIN: 1545-AX72
_______________________________________________________________________

2597. 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                    06/00/05

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
_______________________________________________________________________

2598. ASSUMPTION OF PARTNERSHIP LIABILITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 752

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation prevents the acceleration or duplication of 
losses through the assumption of liabilities in transactions involving 
partnerships.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/24/03                    68 FR 37434
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 27425]]

Additional Information: REG-106736-00
Drafting attorney: Laura C. Fields (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050
Treasury attorney: Stephanie Robinson (202) 622-9858
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

Related RIN: Related to 1545-BB83
RIN: 1545-AX93
_______________________________________________________________________

2599. 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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-107279-00
Drafting attorney: Victoria J. Driscoll (202) 622-4920
Reviewing attorney: Robert A. Berkovsky (202) 622-4920
CC:PA: 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
_______________________________________________________________________

2600. 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                    12/00/05

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
Phone: 202 622-6080

RIN: 1545-AY32
_______________________________________________________________________

2601. 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                    12/00/05

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
_______________________________________________________________________

2602. 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                    12/00/05

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

[[Page 27426]]

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
_______________________________________________________________________

2603. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 482

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These final regulations will address certain transactions 
between controlled parties that involve intangibles. The regulations 
will provide rules for allocation of income and deductions with respect 
to intangibles pursuant to IRC section 482.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/10/03                    68 FR 53447
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-115037-00
Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Helen Hong-
George (202) 435-5220
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

RIN: 1545-AY38
_______________________________________________________________________

2604. GUIDANCE UNDER SECTION 355(E); RECOGNITION OF GAIN ON CERTAIN 
DISTRIBUTIONS OF STOCK OR SECURITIES IN CONNECTION WITH AN ACQUISITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 355(e)(5)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance on section 355(e) of the 
Internal Revenue Code. Section 355(e) provides that a distributing 
corporation will recognize gain on the distribution of stock of a 
controlled corporation if 50 percent or more of the stock of the 
distributing corporation or controlled corporation is acquired pursuant 
to a plan that includes the distribution.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/26/02                    67 FR 20711
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163892-01
Drafting attorney: Amber R. Cook (202) 622-7530
Reviewing attorney: Stephen P. Fattman (202) 622-7700
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP:4
On January 2, 2001, a notice of proposed rulemaking was published in 
the Federal Register (REG-107566-00; 66 FR 66) under section 355(e) of 
the Internal Revenue Code of 1986. A public hearing regarding those 
proposed regulations was held on May 15, 2001. On August 3, 2001, those 
proposed regulations were published as temporary regulations in the 
Federal Register (REG-107566-00; 66 FR 40590). This regulation withdrew 
the notice of proposed rulemaking that was published on January 2, 
2001, and provided new rules under section 355(e) of the Internal 
Revenue Code of 1986 by cross-reference to temporary regulations 
published in the same issue of the Federal Register.

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

Related RIN: Related to 1545-BA55
RIN: 1545-AY42
_______________________________________________________________________

2605. ELECTION--ASSET ACQUISITIONS OF INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 197; 26 USC 338; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations prescribe the manner in which the various 
provisions of subchapter L, chapter 1, subtitle A of the Internal 
Revenue Code apply to asset acquisitions deemed to occur by reason of a 
section 338 election as well as to actual acquisitions of insurance 
company assets subject to section 1060.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/08/02                    67 FR 10640
Public Hearing                  09/18/02
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-118861-00
Drafting attorney: Mark Weiss (202) 622-7790
Reviewing attorney: Victor Penico (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-0869
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-AY49
_______________________________________________________________________

2606. TAX TREATMENT OF CAFETERIA PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 125

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides information about the tax treatment 
of cafeteria plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/10/01                     66 FR 1923
Final Action                    12/00/05

[[Page 27427]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-209461-79
Drafting attorney: Shoshanna Tanner (202) 622-6080
Reviewing attorney: Janet A. Laufer (202) 622-6090
CC:TEGE

Agency Contact: Shoshanna Tanner, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-AY67
_______________________________________________________________________

2607. 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                            03/04/03                    68 FR 10190
Final Action                    06/00/05

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
_______________________________________________________________________

2608. MERGERS INVOLVING DISREGARDED ENTITIES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 368; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance concerning the 
requirements to be met in order for a merger or consolidation to 
qualify as a reorganization under section 368(a)(1)(A). They will also 
address whether certain mergers involving disregarded entities can 
qualify as reorganizations under section 368(a)(1)(A).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/15/01                    66 FR 57400
Second NPRM                     01/24/03                     68 FR 3477
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126485-01
Drafting attorneys: Richard M. Heinecke (202) 622-7930
Reviewing attorney: Alfred C. Bishop (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP
RIN 1545-BA06 and its corresponding number REG-126485-01 was first 
opened with respect to a proposed regulation that was first published 
in the Federal Register on November 15, 2001. The November 15, 2001, 
proposed regulations were withdrawn by proposed regulations in the 
Federal Register on January 24, 2003. The January 24, 2003, proposed 
regulations with the same REG-126485-01, not only withdrew the November 
15, 2001, proposed regulations but also served as a cross-referencing 
proposed regulation to a temporary regulation published in the Federal 
Register on January 24, 2003, and a notice of proposed rulemaking.
The temporary regulations also use the REG-126485-01 number. The 
document published with respect to the temporary regulations also serve 
as final regulations. The final regulations use RIN 1545-BB46 and REG-
162729-02. Once the temporary regulations were published, the final 
regulations (REG-162729-02; RIN 1545-BB46) were closed.

Agency Contact: Richard M. Heinecke, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7930

Related RIN: Related to 1545-BB46
RIN: 1545-BA06
_______________________________________________________________________

2609. CONSOLIDATED RETURNS; NONAPPLICABILITY OF SECTION 357(C)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations make amendments to section 1.1502-80(d) of 
the consolidated return regulations dealing with the scope of the 
nonapplicability of section 357(c) in a consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/14/01                    66 FR 57021
Public Hearing                  03/21/02
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-137519-01
Drafting attorney: Thomas I. Russell (202) 622-7550
Reviewing attorney: Al Bishop (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Thomas I. Russell, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7550

RIN: 1545-BA09

[[Page 27428]]

_______________________________________________________________________

2610. 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                    12/00/05

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
_______________________________________________________________________

2611. PROPERTY EXEMPT FROM LEVY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6334

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will describe the judicial procedures for 
approval of a principal residence seizure, pursuant to I.R.C. sections 
6334(a)(13)(B)(i) and 6334(e)(1).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/19/03                    68 FR 49729
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-140378-01
Drafting attorney: Robin M. Ferguson (202) 622-3610
Reviewing attorney: Alan Levine (202) 622-3610
Treasury attorney: Jonathan Ackerman (202) 622-5293
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

RIN: 1545-BA22
_______________________________________________________________________

2612. NONCOMPENSATORY PARTNERSHIP OPTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704; 26 USC 721; 26 USC 761

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
Public Hearing                  05/20/03
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103580-02
Drafting attorneys: Demetri G. Yatrakis (202) 622-3060
Reviewing attorneys: Audrey W. Ellis (202) 622-3060
Treasury attorney: Stephanie Robinson (202) 622-9858
CC:PSI

Agency Contact: Demetri G. Yatrakis, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3060

Audrey W. Ellis, Attorney-Advisor, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3060

RIN: 1545-BA53
_______________________________________________________________________

2613. CARRYBACK OF CONSOLIDATED NET OPERATING LOSSES TO SEPARATE RETURN 
YEARS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will harmonize the waiver election in 
regulations section 1.1502-21(b)(3) with the amendments to IRC 172(b) 
with the Job Creation and Worker Assistance Act of 2002.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/31/02                    67 FR 38039
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-122564-02
Drafting attorney: Theresa Kolish (202) 622-7530
Reviewing attorney: Lewis Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Theresa M. Kolish, 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-BA76
RIN: 1545-BA73
_______________________________________________________________________

2614. REDEMPTIONS TREATED AS DIVIDENDS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

[[Page 27429]]

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation under section 302 of the Internal Revenue 
Code (Code), permits basis of redeemed stock to be recovered by the 
redeemed shareholder. Regulations under section 304 of the Code reflect 
changes made by the Internal Revenue Service Restructuring and Reform 
Act of 1998, Taxpayer Relief Act of 1997, Tax Reform Act of 1986, 
Deficit Reduction Act of 1984, and the Tax Equity and Fiscal 
Responsibility Act of 1982 to the statute. Regulations under section 
304 also reference proposed regulations under section 302 as they 
relate to the treatment of basis of redeemed stock in redemptions 
treated as dividends.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/18/02                    67 FR 64331
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-150313-01
Drafting attorney: Theresa M. Kolish (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Theresa M. Kolish, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7530

RIN: 1545-BA80
_______________________________________________________________________

2615. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation relates to reporting requirements for widely 
held fixed investment trusts.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/20/02                    67 FR 41892
NPRM Comment Period End         09/18/02
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106871-00
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-AU15
RIN: 1545-BA83
_______________________________________________________________________

2616. GUIDANCE ON REPORTING OF DEPOSIT INTEREST PAID TO NONRESIDENT 
ALIENS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1; 26 CFR 31

Legal Deadline: None

Abstract: This regulation will provide guidance on the reporting 
requirements for interest on deposits maintained at U.S. offices of 
certain financial institutions and paid to nonresident aliens that are 
residents of certain specified countries.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/02/02                    67 FR 50386
Hearing                         12/05/02                    67 FR 50386
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133254-02
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie Mark Lippe (202) 622-3840
Treasury attorney: Andrew Froberg (202) 622-1779
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

RIN: 1545-BA86
_______________________________________________________________________

2617. AGGREGATE COMPUTATION AND ALLOCATION OF RESEARCH CREDIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 41

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on the proper method of 
computing the research credit for a controlled group. In addition, this 
regulation will provide guidance on the allocation of the research 
credit among members of a controlled group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/29/03                    68 FR 44499
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-133791-01
Drafting attorney: Nicole R. Cimino (202) 622-3120
Reviewing attorney: Brenda M. Stewart (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

Related RIN: Related to 1545-AX05, Related to 1545-BD60
RIN: 1545-BA88

[[Page 27430]]

_______________________________________________________________________

2618. DESIGNATED IRS OFFICER OR EMPLOYEE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7802

CFR Citation: 26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: This regulatory amendment clarifies that chief counsel 
attorneys can receive the designated authority to take summoned 
testimony under oath.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/10/02                    67 FR 57354
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-134026-02
Drafting attorney: Elizabeth D. Rawlins (202) 622-3600
Reviewing attorney: Peter J. Devlin (202) 622-3600
Treasury attorney: Jonathan Ackerman (202) 622-5293
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

Related RIN: Related to 1545-BA98
RIN: 1545-BA89
_______________________________________________________________________

2619. TIMELY MAILING TREATMENT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7502

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will expressly provide that a registered or 
certified mail receipt is the sole means to prove delivery of a 
document to the Internal Revenue Service.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/21/04                    69 FR 56377
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-138176-02
Drafting attorney: Dillon Taylor (202) 622-4940
Reviewing attorney: Charles Hall (202) 622-4940
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:APJ

Agency Contact: Dillon Taylor, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-4940

RIN: 1545-BA99
_______________________________________________________________________

2620. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 704(6); 26 USC 703(b)(3); 26 USC 702(a)(b)

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                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139792-02
Drafting attorney: Rebekah A. Myers (202) 622-3050 and Tim Leska (202) 
622-3050
Reviewing attorney: Beverly M. Katz (202) 622-3060
Treasury attorney: Matt Lay (202) 622-1788
CC:PSI

Agency Contact: Rebekah A. Myers, 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-BD11
RIN: 1545-BB11
_______________________________________________________________________

2621. DISTRIBUTIONS OF PROPERTY

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1023; 26 USC 1024; 26 USC 2032

CFR Citation: 26 CFR 301; 26 CFR 20

Legal Deadline: None

Abstract: This regulation will clarify the language in regulations 
section 301.9100-6T to remove confusion as to whether relief for making 
an election under regulations section 2032 is available under sections 
301.9100-1 and 301-9100-3.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/24/03                    68 FR 74534
Public Hearing                  04/19/04                    69 FR 20840
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-139845-02
Drafting attorney: Theresa M. Melchiorre (202) 622-7830
Reviewing attorney: Katherine A. Mellody (202) 622-7830
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

Agency Contact: Theresa M. Melchiorre, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7830

RIN: 1545-BB12
_______________________________________________________________________

2622. INVESTIGATIVE DISCLOSURES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103(k)(6)

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This regulation will amend existing regulations on disclosure 
of return information by Internal Revenue Officers and employees for 
investigative purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/10/03                    68 FR 41089
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

[[Page 27431]]

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-140808-02
Drafting attorney: Helene R. Newsome (202) 622-4570
Reviewing attorney: Donald M. Squires (202) 622-4570
Treasury attorney: Michael Desmond (202) 622-1981
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

Related RIN: Related to 1545-BB17
RIN: 1545-BB16
_______________________________________________________________________

2623. TOLL TELEPHONE SERVICE--DEFINITION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 49

Legal Deadline: None

Abstract: This regulation provides amendments to regulations relating 
to the definition of toll telephone service.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/01/03                    68 FR 15690
Hearing                         09/10/03                    68 FR 35828
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-141097-02
Drafting attorney: Cynthia A. McGreevy (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez 
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI

Agency Contact: Cynthia A. McGreevy, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3130

RIN: 1545-BB18
_______________________________________________________________________

2624. DUPLICATIVE TAX BENEFITS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation prevents a consolidated group from deriving 
more than one tax benefit from a single economic loss. A loss on a 
consolidated return, with respect to the sale of a subsidiary's stock, 
will be suspended to the extent of duplication (i.e. the group retains 
the loss asset) as long as the subsidiary remains a member of the 
group. In addition, there is a basis leveling rule, which prevents 
groups from loading losses onto a single block of subsidiary stock and 
selling only that stock, while maintaining that subsidiary as part of 
the group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/14/03                    68 FR 12324
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131478-02
Drafting attorney: Jay M. Singer (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
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-BB95
RIN: 1545-BB25
_______________________________________________________________________

2625. 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
Final Action                    12/00/05

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 Helen Hong-
George (202) 435-5220
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

RIN: 1545-BB31
_______________________________________________________________________

2626. INVESTMENT ADJUSTMENT RULES AND WAIVER OF LOSS CARRYOVERS FROM 
SRLY YEARS--AMENDED

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will allow a group to revoke an election 
under regulations section 1.1502-32(b)(4), where such election has 
become unnecessary as a result of regulations section 1.1502-20T(i)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/07/03                    68 FR 24404
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-152524-02
Drafting attorney: Jeffrey B. Fienberg (202) 622-7700
Reviewing attorney: Alison G. Burns (202) 622-7550

[[Page 27432]]

Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Jeffrey B. Fienberg, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

Related RIN: Related to 1545-BB39
RIN: 1545-BB38
_______________________________________________________________________

2627. AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE CORRECT 
INFORMATION RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6724

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Amended regulations to provide an electronic alternative 
procedure as to when the filing of a correction is considered prompt 
for purposes of section 6724.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/09/03                    68 FR 40857
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-141669-02
Drafting attorney: William M. Kostak (202) 622-4910
Reviewing attorney: John J. McGreevy (202) 622-4910
Treasury attorney: Eric San Juan (202) 622-0224
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-BB41
_______________________________________________________________________

2628. LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD OF ACCOUNTING

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 403

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Under section 448(d)(5), as amended by the Job Creation and 
Worker Assistance Act of 2002, the nonaccrual experience method of 
accounting is available only for amounts to be received for the 
performance of qualified services (i.e., services in the fields of 
health, law, engineering, architecture, accounting, actuarial science, 
performing arts, or consulting) or for services provided by certain 
small businesses (i.e., those with gross receipts of $5 million or 
less). The law provides that such taxpayers are not required to accrue, 
based on their experience, any portion of year-end receivables that 
will not be collected. Under the proposed regulations, taxpayers will 
be permitted to determine such amounts using alternative computations 
or formulas which, based on experience, accurately reflect the amount 
of income that will not be collected by such taxpayer. The proposed 
regulations will provide safe harbor methods (computations or formulas) 
of estimating such amounts that the taxpayers can rely on.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/21/03                    68 FR 65645
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: REG-141402-02
Drafting attorney: Terrance McWhorter (202) 622-4970
Reviewing attorney: Jeffery Mitchell (202) 622-4970
CC:ITA
We issued interim guidance in the form of a Notice 2003-12; 2003-6 
published in the IRB 422 on January 22, 2003, with a request for 
comments.

Agency Contact: Terrance McWhorter, General Tax Attorney, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4970

RIN: 1545-BB43
_______________________________________________________________________

2629. ELECTION OUT GENERATION-SKIPPING TRANSFER TAX (GST) DEEMED 
ALLOCATIONS

Priority: Info./Admin./Other

Legal Authority: 26 USC 2601; 26 USC 2632; 26 USC 2642

CFR Citation: 26 CFR 601

Legal Deadline: None

Abstract: Procedure for making the election to not have the deemed 
generation-skipping transfer tax allocation rules apply with respect to 
a GST Trust and for making the election to treat a trust as a GST 
Trust.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/13/04                    69 FR 42000
Final Action                    08/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-153841-02
Drafting attorney: Mayer Samuels (202) 622-7265
Reviewing attorney: George Masnik (202) 622-3618
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

Agency Contact: Mayer Samuels, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7265

RIN: 1545-BB54
_______________________________________________________________________

2630. SPECIAL DEPRECIATION ALLOWANCE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under sections 168 and 
1400L(b) regarding special depreciation allowance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/08/03                    68 FR 53008
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

[[Page 27433]]

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-157164-02
Drafting attorney: Douglas Kim (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: George Manuso (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-BC19
RIN: 1545-BB57
_______________________________________________________________________

2631. 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                    06/00/05

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

RIN: 1545-BB64
_______________________________________________________________________

2632. INSTALLMENT OBLIGATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 704(c)(1)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on the treatment of 
installment obligations received in exchange for section 704(c) 
property.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/24/03                    68 FR 65864
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-160330-02
Reviewing attorney: Jeanne Sullivan (202) 622-4117
Treasury attorney: Stephanie Robinson (202) 622-9858
CC:PSI

Agency Contact: Jeanne Sullivan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4117

RIN: 1545-BB65
_______________________________________________________________________

2633. COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 4291; 26 USC 6302; 26 USC 7805

CFR Citation: 26 CFR 40; 26 CFR 49

Legal Deadline: None

Abstract: These regulations relate to the obligations of persons that 
receive payments for air transportation or communications service 
subject to excise tax when persons liable for taxes refuse to pay the 
tax.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/10/04                    69 FR 48432
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-163909-02
Drafting attorney: Taylor Cortright (202) 622-3130
Reviewing attorneys: Frank K. Boland (202) 622-3130 and Lewis J. 
Fernandez (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

Related RIN: Related to 1545-BB76
RIN: 1545-BB75
_______________________________________________________________________

2634. APPLICATION OF NONDISCRIMINATION CROSS-TESTING RULES TO CASH 
BALANCE PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 411

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules for the application of 
certain nondiscrimination requirements, prohibiting discrimination in 
favor of highly compensated employees, to cash balance pension plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/11/02                    67 FR 76123
Hearing                         04/09/03
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

[[Page 27434]]

Government Levels Affected: None

Additional Information: REG-164464-02
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6090
Treasury attorney: William Bortz (202) 622-1352
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-BA10
RIN: 1545-BB79
_______________________________________________________________________

2635. CORPORATE REORGANIZATIONS: CONTINUITY TRANSFERS OF ASSETS OR STOCK 
FOLLOWING A REORGANIZATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides amendments to regulations section 
1.368-2(k) of the income tax regulations, which sets forth rules 
providing that for certain reorganizations, transfers by the acquiring 
corporation of target assets or stock to certain controlled 
corporations will not disqualify the transaction from nonrecognition 
treatment. The proposed amendments will clarify the reorganizations 
subject to these rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/02/04                     69 FR 9771
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-165579-02
Drafting attorney: Rebecca O. Burch (202) 622-7550
Reviewing attorney: T. Ian Russell (202) 622-7550
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Rebecca O. Burch, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7550

Related RIN: Related to 1545-BB81
RIN: 1545-BB80
_______________________________________________________________________

2636. 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                    06/00/05

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
_______________________________________________________________________

2637. PREDECESSORS OR SUCCESSORS UNDER SECTION 355(E)

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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 to or a transferee of distributing or controlled assets is a 
predecessor or successor.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145535-02
Drafting attorney: Krishna P. Vallabhaneni (202) 622-7550
Reviewing attorney: Stephen P. Fattman (202) 622-7700
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Krishna P. Vallabhaneni, Attorney-Advisor, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7550

RIN: 1545-BB85
_______________________________________________________________________

2638. 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 
securities that are not inventory as if they 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

[[Page 27435]]

(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. The ANPRM asked 
for comments on: (1) the securities to which this approach applies; (2) 
the taxpayers who may elect this approach; (3) the election into the 
approach; (4) the applicable financial statements to be used; (5) the 
recordkeeping, retention, and availability requirements for 
verification of financial statement-tax conformity; and (6) what 
approach will apply if the election for financial statement-tax 
conformity is not made. A notice of proposed rulemaking is being 
drafted currently based upon comments received from the ANPRM.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    05/00/05

Regulatory Flexibility Analysis Required: Undetermined

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
_______________________________________________________________________

2639. ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The proposed 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 522217
Final Action                    06/00/05

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
_______________________________________________________________________

2640. DETERMINATION OF BASIS OF SECURITIES RECEIVED IN EXCHANGE OR WITH 
RESPECT TO A STOCK OR SECURITIES IN CERTAIN TRANSACTIONS

Priority: Routine and Frequent

Legal Authority: 26 USC 358; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Amendment to section 1.358-2 of the income tax regulation. 
The proposed regulation adopts a tracing approach in determining the 
basis of stock and securites received in transactions under sections 
355 and 368, and certain transactions that qualify under both sections 
351 and 368.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/03/04                    69 FR 24107
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-116564-03
Drafting attorney: Theresa M. Kolish (202) 622-7530 or Emidio J. 
Forlini, Jr. (202) 622-7930
Reviewing attorney: Alfred Bishop (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Theresa M. Kolish, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7530

Emidio J. Forlini Jr., Attorney, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-7930

RIN: 1545-BC05
_______________________________________________________________________

2641. ENTRY OF TAXABLE FUEL

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

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                    05/00/05

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 Lewis Fernandez 
(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

[[Page 27436]]

_______________________________________________________________________

2642. 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                    12/00/05

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: John Parcell (202) 622-2578
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
_______________________________________________________________________

2643. CONTINGENT AT CLOSING ESCROWS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 468

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulations will provide rules for taxing the income of a 
contingent at closing escrow. A contingent at closing escrow is, 
generally, established in connection with the sale or exchange of real 
or personal property to hold assets that will be distributable to the 
purchaser or seller based on the post-closing resolution of bona fide 
contingencies. The rules will require the purchaser or seller to take 
into account all items of income and deduction for Federal income tax 
purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/01/99                     64 FR 4801
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-103422-03
Drafting attorney: Richard Shevak (202) 622-8142
Reviewing attorney: Jeff Mitchell (202) 622-4930
Treasury attorney: Viva Hammer (202) 622-0869
CC:ITA:7

Agency Contact: Richard Shevak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-8142

Related RIN: Related to 1545-AR82
RIN: 1545-BC16
_______________________________________________________________________

2644. 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                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126459-03
Drafting attorney: Sara L. Logan (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: George Manousos (202) 622-1335
CC:PSI

Agency Contact: Sara L. Logan, 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
_______________________________________________________________________

2645. VALUE OF LIFE INSURANCE WHEN DISTRIBUTED FROM A QUALIFIED 
RETIREMENT PLAN

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations under section 402(a) of the 
Internal Revenue Code concern the amount includible in a distributee's 
income when certain life insurance and annuity contracts are 
distributed by a qualified retirement plan.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/09/04                     69 FR 7385
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-126967-03
Drafting attorney: Bruce Perlin (202) 622-6090
Reviewing attorney: Linda Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE

Agency Contact: Bruce Perlin, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-6090

RIN: 1545-BC20
_______________________________________________________________________

2646. SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE DISALLOWED 
UNDER SECTION 265(A)(2)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502; 26 USC 7701

CFR Citation: 26 CFR 1

Legal Deadline: None

[[Page 27437]]

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                    07/00/05

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
Treasury attorney: Audrey Nacamuli (202) 622-5721
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

RIN: 1545-BC23
_______________________________________________________________________

2647. SECTION 411(D)(6) PROTECTED BENEFITS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 4980

CFR Citation: 26 CFR 1; 26 CFR 54

Legal Deadline: None

Abstract: These regulations will provide guidance relating to section 
411(d)(6) of the Code regarding the elimination or reduction of certain 
early retirement benefits, retirement-type subsidies, and optional 
forms of benefit (section 411(d)(6)(B) protected benefits), and will 
address both: 1) when these benefits result in significant burdens and 
complexities for plans and its participants; and 2) when such benefits 
are of de minimis value to participants.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/24/04                    69 FR 13769
Hearing                         06/24/04                    69 FR 13770
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128309-03
Drafting attorney: Pamela R. Kinard (202) 622-6060
Reviewing attorney: Linda S. Marshall (202) 622-6090
CC:TEGE

Agency Contact: Pamela R. Kinard, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-BC26
_______________________________________________________________________

2648. DEEMED CORPORATE ELECTION FOR ELECTING S CORPORATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7701; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will deem an S corporation that makes a timely 
S Corporation election to have also made a timely election to be an 
association taxed as a corporation under section 301.7701-3(1)(i) to 
ease the administrative burden on taxpayers and IRS Service Centers. It 
will continue implementation of section 7701 under the Secretary's 
general section 7805 regulatory authority.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/20/04                    69 FR 43369
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: REG-131786-03
Drafting attorney: Rebekah A. Myers (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050
Treasury attorney: Deborah Harrington (202) 622-1788
CC:PSI

Agency Contact: Rebekah A. Myers, 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-BD24
RIN: 1545-BC32
_______________________________________________________________________

2649. PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION

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

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
Comment Period End              10/20/03
Hearing                         12/17/04                    69 FR 75492
Final Action                    12/00/05

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
_______________________________________________________________________

2650. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS 
OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

[[Page 27438]]

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance under section 1502 of the 
Internal Revenue Code concerning the application of certain provisions 
of section 108 to members of a consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/04/03                    68 FR 52542
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-132760-03
Drafting attorney: Amber R. Cook (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP:4

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

Related RIN: Related to 1545-BC39
RIN: 1545-BC38
_______________________________________________________________________

2651. GUIDANCE ON PFIC PURGING ELECTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These final regulations will provide guidance to taxpayers on 
making timely deemed sale and deemed dividend elections under sections 
1298(b)(1) and 1291.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/24/04                    69 FR 51967
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-120657-04
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: Carl Dubert (202) 622-0222
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

RIN: 1545-BC49
_______________________________________________________________________

2652. QUALIFIED SEVERANCE REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2642(a)(3)(C)

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                    10/00/05

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: 202 622-7265

RIN: 1545-BC50
_______________________________________________________________________

2653. GUARANTEE FEES UNDER SECTION 143(G)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 143

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation will allow issues of qualified mortgage 
revenue bonds under section 143 to exclude certain fees paid to 
guarantee pools of mortgages (including mortgage backed securities) 
from the calculation of the effective interest rate on the mortgages 
for purposes of section 143(g).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/05/03                    68 FR 62549
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Additional Information: REG-146692-03
Drafting attorney: Michael P. Brewer (202) 622-3980
Reviewing attorney: Timothy L. Jones (202) 622-3980
CC:TEGE

Agency Contact: Michael P. Brewer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-3980

RIN: 1545-BC59
_______________________________________________________________________

2654. PREDECEASED PARENT RULE

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 2651

CFR Citation: 26 CFR 26

Legal Deadline: None

Abstract: The regulation will provide guidance on the predeceased 
parent rule in section 2651(e) and amend the regulations under section 
26.2612-1(a)(2).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/03/04                    69 FR 53863
Public Hearing                  12/14/04                    69 FR 53863
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-145988-03
Drafting attorney: Lian A. Mito (202) 622-7830

[[Page 27439]]

Reviewing attorney: James F. Hogan (202) 622-3012
Treasury attorney: Catherine Hughes (202) 622-9407
CC:PSI

Agency Contact: Lian A. Mito, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7830

RIN: 1545-BC60
_______________________________________________________________________

2655. 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, and implement the ability of S 
corporation shareholders to take the credit allowance under sect 
1397E(a). It will provide for remedial action in case of change in use 
of bond proceeds.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/26/04                    69 FR 15747
Public Hearing                  07/21/04
Final Action                    05/00/05

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
Treasury attorney: Stephen Watson (202) 622-1322
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
_______________________________________________________________________

2656. GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES

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

Unfunded Mandates: Undetermined

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                    12/00/05

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) 622-3080
Treasury attorney: Stephanie Robinson (202) 622-7858
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
_______________________________________________________________________

2657. 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                            08/12/04                    69 FR 49957
Final Action                    06/00/05

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: John Parcell (202) 622-2578
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

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
_______________________________________________________________________

2658. SECTION 179 ELECTIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 202

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance for making and revoking 
elections under section 179, effective for 2003.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/04/04                    69 FR 47043
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Additional Information: REG-152549-03
Drafting attorney: Winston H. Douglas (202) 622-3110
Reviewing attorney: Charles B. Ramsey (202) 622-3110
Treasury attorney: George Manousos (202) 622-1335
CC:PSI

Agency Contact: Winston H. Douglas, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224

[[Page 27440]]

Phone: 202 622-3110

RIN: 1545-BC69
_______________________________________________________________________

2659. REAL ESTATE MORTGAGE INVESTMENT CONDUIT (REMIC) TETRA RULES

Priority: Info./Admin./Other

Legal Authority: 26 USC 860F

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulation relates to the application of partnership 
audit procedures to disputes regarding the ownership of residual 
interests in a REMIC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/10/04                    69 FR 48431
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-154077-03
Drafting attorney: Arturo Estrada (202) 622-3900
Reviewing attorney: Dale Collinson (202) 622-3900
Treasury attorney: Jonathan Ackerman (202) 622-0869
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-BC71
_______________________________________________________________________

2660. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS 
OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations amend REG-132760-03 published in the 
Federal Register on September 4, 2003 (68 FR 52542), and TD 9089 also 
published in the Federal Register on September 4, 2003 (68 FR 52487). 
Those regulations provided guidance concerning the application of 
section 108 to members of a consolidated group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/11/03                    68 FR 69062
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-153319-03
Drafting attorney: Amber R. Cook (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP:4

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

Related RIN: Related to 1545-BC38, Related to 1545-BC39
RIN: 1545-BC74
_______________________________________________________________________

2661. EXCLUSION OF EMPLOYEES OF 501(C)(3) ORGANIZATIONS IN 401(K) AND 
401(M) PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This action amends the Income Tax Regulations (26 CFR part 1) 
under section 410(b) of the Internal Revenue Code of 1986 (Code). The 
proposed amendments would allow a section 401(k) plan or a section 
401(m) plan that is provided under the same general arrangement as the 
section 401(k) plan to treat employees of an organization described in 
section 501(c)(3), which is exempt from tax under section 501(a), who 
are eligible to make salary reduction contributions to a tax-sheltered 
annuity pursuant to section 403(b) (a section 403(b) annuity) as 
excludable employees for the purpose of testing whether such plans meet 
the minimum coverage requirements specified in section 410(b). Congress 
ordered a modification of the current rule in the Economic Growth and 
Tax Relief Reconciliation Act of 2001 (Pub. L. 107-16, 115 Stat. 38).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/16/04                    69 FR 12291
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-149752-03
Drafting attorney: Lisa Mojiri-Azad (202) 622-6060
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE

Agency Contact: Lisa Mojiri-Azad, Assistant Branch Chief, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6060

RIN: 1545-BC87
_______________________________________________________________________

2662. DISCLOSURES TO SUBCONTRACTORS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Proposed rule to amend 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                    12/00/05

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

[[Page 27441]]

Reviewing attorney: Gerald R. Ryan (202) 622-4570
Treasury attorney: Michael Desmond (202) 622-1981
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
_______________________________________________________________________

2663. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS 
OF A CONSOLIDATED GROUP; COMPUTATION OF TAXABLE INCOME WHEN SECTION 108 
APPLIES TO A MEMBER OF A CONSOLIDATED GROUP

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance to prevent circular bases 
computations resulting from the application of sections 108(b) and 
1.1502-28T, and guidance regarding recapture under section 1245 
following application of the look-through rules of section 1017(d) and 
section 1.1502-28T.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/15/04                    69 FR 12091
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-167265-03
Drafting attorney: Amber R. Cook (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
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

Related RIN: Related to 1545-BC96
RIN: 1545-BC95
_______________________________________________________________________

2664. DEEMED IRAS IN GOVERNMENTAL PLANS/QUALIFIED NONBANK TRUSTEE RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 408

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Under IRS section 408(q), a qualified employer plan (plans 
described in sections 401(a) of the Code, 403(a), 403(b), and 
governmental plans under section 457(b)) may permit employees to make 
voluntary employee contributions to a ``deemed IRA,'' i.e., separate 
account or annuity established under the plan. Generally, these 
accounts or annuities are treated as IRAs pursuant to IRC section 408. 
Proposed regulations providing guidance with respect to section 408(q) 
were published in the Federal Register on May 20, 2003, and the final 
regulations are expected to be published on or before March 31, 2004. 
Deemed IRAs must satisfy the requirements of section 408(a) except for 
the commingling requirements of section 408(a)(5). Consistent with this 
general rule, section 1.408(q)-1(f)(1) of the proposed regulations 
provides that the trustee or custodian of an individual retirement 
account must be a bank or an entity that received approval from the 
Commissioner to serve as a nonbank trustee, pursuant to section 1.408-
2(e) of the regulations. IRC section 1.408-2(e)(1) provides that an 
entity must demonstrate by written application that the requirements of 
paragraph (e)(2) to (e)(6) of that regulation will be met in order to 
qualify as a nonbank trustee. The new regulation will provide that 
governmental entities need not demonstrate that all of these 
requirements will be met with respect to any deemed IRAs maintained by 
that governmental entity. The new regulation will provide that a 
governmental entity must demonstrate in writing to the satisfaction of 
the Commissioner that the entity will administer the trust in a manner 
that is consistent with the requirements of section 408.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/22/04                    69 FR 43786
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-101447-04
Drafting attorney: Linda L. Conway (202) 622-6090
Reviewing attorney: Janet A. Laufer (202) 622-6090
Treasury attorney: W. Thomas Reeder (202) 622-1341
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

RIN: 1545-BD07
_______________________________________________________________________

2665. TIME AND MANNER OF MAKING SECTION 163(D)(4)(B) ELECTION TO TREAT 
QUALIFIED DIVIDEND INCOME AS INVESTMENT INCOME

Priority: Info./Admin./Other

Legal Authority: 26 USC 163 (d)(4)(B)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance regarding time and manner 
for making the election under IRC section 163(d)(4)(B) to treat 
qualified dividend income as investment income.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/05/04                    69 FR 47395
Final Action                    05/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-171386-03
Drafting attorney: Amy J. Pfalzgraf (202) 622-4950
Reviewing attorney: Christopher F. Kane (202) 622-4950
CC:ITA:B3

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

RIN: 1545-BD16

[[Page 27442]]

_______________________________________________________________________

2666. GUIDANCE ON PHASED RETIREMENT

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: Not Yet Determined

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This proposed guidance will lay out rules for establishing a 
bona fide phased retirement program. Generally, such a program would 
provide employees who are at or near eligibility for retirement with 
the opportunity for a reduced schedule and to receive a distribution of 
a proportionate share of their pension benefits based on their 
``partial retirement.''

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/10/04                    69 FR 65108
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-114726-04
Drafting attorney: Cathy A. Vohs (202) 622-6090
Reviewing attorney: Janet Laufer (202) 622-6090
Treasury attorney: Bill Bortz (202) 622-1352
CC:TEGE

Agency Contact: Cathy A. Vohs, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6090

RIN: 1545-BD23
_______________________________________________________________________

2667. STOCK HELD BY FOREIGN INSURANCE COMPANIES

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 864

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the application of the asset-use 
test to stock held by foreign insurance companies. The regulation will 
provide that the exception to the asset-use test will not apply in 
determining whether the income, gain, or loss from portfolio stock held 
by foreign insurance companies constitutes income effectively connected 
with the conduct of a U.S. trade or business.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/25/04                    69 FR 35543
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-117307-04
Drafting attorney: Sheila Ramaswamy (202) 622-3870
Reviewing attorney: Steven Jensen (202) 622-3870
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-BD27
_______________________________________________________________________

2668. REQUIREMENTS FOR REORGANIZATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805; 26 USC 368

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance regarding 
reorganizations under section 368(a)(1)(f) of the Internal Revenue 
Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/12/04                    69 FR 49836
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-106889-04
Drafting attorney: Robert B. Gray (202) 622-7550
Reviewing attorney: Debra L. Carlisle (202) 622-7550
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Robert B. Gray, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7550

RIN: 1545-BD31
_______________________________________________________________________

2669. LIFO RECAPTURE UNDER SECTION 1363(D)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on a C corporation that, 
owning LIFO inventory through a partnership, converts to an S 
corporation or transfers its partnership interest to an S corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/13/04                    69 FR 50109
Final Action                    11/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-149524-03
Drafting attorney: Pietro E. Canestrelli (202) 622-3060
Reviewing attorney: David Hagland (202) 622-3050
Treasury attorneys: Stephanie Robinson (202) 622-9858
CC:PSI

Agency Contact: Pietro E. Canestrelli, 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-BC66
RIN: 1545-BD34
_______________________________________________________________________

2670. CLARIFICATION OF DEFINITIONS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 301

[[Page 27443]]

Legal Deadline: None

Abstract: These regulations will address the treatment of corporate 
continuances under section 7701.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/12/04                    69 FR 49840
Public Hearing                  11/03/04                    69 FR 49840
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-124872-04
Drafting attorney: Thomas D. Beem (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL

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

Related RIN: Related to 1545-BD43
RIN: 1545-BD37
_______________________________________________________________________

2671. UNDERPAYMENT FOR QUALIFIED AMENDED RETURNS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

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                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Federalism:  Undetermined

Additional Information: REG-122847-04
Drafting attorney: Nancy M. Galib (202) 622-7022
Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorneys: Julian Kim and Jonathan Ackerman (202) 622-1981
CC: APJ

Agency Contact: Nancy M. Galib, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 
20224
Phone: 202 622-7022

RIN: 1545-BD40
_______________________________________________________________________

2672. ALLOCATION AND APPORTIONMENT OF DEDUCTIONS FOR CHARITABLE 
CONTRIBUTIONS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide final guidance relating to the 
allocation and apportionment of deductions for charitable 
contributions, including where the deductions are provided by an income 
tax treaty rather than by sections 170, 873(b)(2), and 882(c)(1)(B).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/28/04                    69 FR 44988
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129040-04
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

Related RIN: Related to 1545-AP30
RIN: 1545-BD47
_______________________________________________________________________

2673. TREATMENT OF DISREGARDED ENTITIES UNDER SECTION 752

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 752; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: Provide rules under section 752 for taking into account the 
net value of a disregarded entity owned by a partner or related person 
for purposes of allocating partnership liabilities.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/12/04                    69 FR 49832
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-128767-04
Drafting attorney: Charlotte Chyr (202) 622-3080
Reviewing attorney: Jeanne Sullivan (202) 622-3050
Treasury attorney: Stephanie Robinson (202) 622-9848
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

RIN: 1545-BD48
_______________________________________________________________________

2674. SECTION 951 PRO RATA RULES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules for determining a U.S. 
shareholder's pro rata share of subpart F income of a controlled 
foreign corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/05/04                    69 FR 47822
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 27444]]

Government Levels Affected: None

Additional Information: REG-129771-04
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840
Reviewing attorney: Phyllis E. 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-BD49
_______________________________________________________________________

2675. HIPAA PORTABILITY: SPECIAL ENROLLMENT PROCEDURES, TOLLING, AND 
INTERACTION WITH FMLA

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 9833

CFR Citation: 26 CFR 54

Legal Deadline: None

Abstract: These regulations enhance the existing HIPAA portability 
regulations by tolling the running of certain time periods in certain 
circumstances, clarifying the procedures for requesting special 
enrollment, addressing how the HIPAA portability requirements apply to 
individuals taking leave under the Family and Medical Leave Act of 
1993, and prescribing how to count the number of employees an employer 
has.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/30/04                    69 FR 78800
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-130370-04
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
Phone: 202 622-6080

Related RIN: Related to 1545-AW02, Related to 1545-AX84
RIN: 1545-BD51
_______________________________________________________________________

2676. CONTINUITY OF INTEREST/STOCK FLUCTUATION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the circumstances in which 
continuity of interest is measured using a transaction's signing date.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/10/04                    69 FR 48429
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-129706-04
Drafting attorney: Christopher M. Bass (202) 622-7770
Reviewing attorney: Jeffrey B. Fienberg (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP:B2

Agency Contact: Christopher M. Bass, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BD53
_______________________________________________________________________

2677. GUIDANCE UNDER SECTION 1502; MISCELLANEOUS OPERATING RULES FOR 
SUCCESSOR PERSONS; APPLICABILITY OF SECTION 381

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131128-04
Drafting attorney: Jeffrey B. Fienberg (202) 622-7770
Reviewing attorney: Edward S. Cohen (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC: CORP:B2

Agency Contact: Jeffrey B. Fienberg, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BD54
_______________________________________________________________________

2678. MANUFACTURER INCENTIVE PAYMENTS IN AN INTERCOMPANY TRANSACTION

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 1502

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This project clarifies how the intercompany transaction 
regulations treat manufacturer incentive payments to other members of 
the group.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/13/04                    69 FR 50112
Final Action                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-131264-04
Drafting attorney: Frances L. Kelly (202) 622-7770
Reviewing attorney: Gerald B. Fleming (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721

[[Page 27445]]

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

RIN: 1545-BD55
_______________________________________________________________________

2679. ASSET TRANSFERS FOLLOWING PUTATIVE REORGANIZATIONS

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation provides amendments to section 1.368-2(K). 
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                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-130863-04
Drafting attorney: Jeffrey B. Fienberg (202) 622-7770
Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR

Agency Contact: Jeffrey B. Fienberg, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BD56
_______________________________________________________________________

2680. SOURCE OF COMPENSATION FOR LABOR OR PERSONAL SERVICES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 861

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will describe the appropriate basis for 
determining the source of income from labor or personal services 
performed partly within and partly without the United States.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/06/04                    69 FR 47816
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-136481-04
Drafting attorney: David F. Bergkuist (202) 622-3850
Reviewing attorney: Richard Chewning (202) 622-3850
Treasury attorney: John Harrington (202) 622-0589
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

RIN: 1545-BD62
_______________________________________________________________________

2681. MANDATORY E-FILING FOR FORMS 1120

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011(e)

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                    06/00/05

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:APJP:1

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
_______________________________________________________________________

2682. GUIDANCE UNDER SECTION 368 REGARDING MERGERS WITH AND INTO A 
FOREIGN CORPORATION

Priority: Substantive, Nonsignificant

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation addresses whether a transaction involving one 
or more foreign corporations may qualify as a statutory merger within 
the meaning of section 368(a)(l)(A) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/05/05                      70 FR 746
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-117969-00
Drafting attorney: Vincent Daly (202) 622-7770
Reviewing attorney: Marlene Oppenheim (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC: COR

Agency Contact: Vincent Daly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7770

RIN: 1545-BD76

[[Page 27446]]

_______________________________________________________________________

2683. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 7701

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will revise the entity classification 
rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            07/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-148521-04
Drafting attorney: Ronald M. Gootzeit (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: David Sotos (202) 622-0851
CC:INTL

Agency Contact: Ronald M. Gootzeit, 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-BD77
RIN: 1545-BD78
_______________________________________________________________________

2684. SPECIAL RULES TO REDUCE SECTION 1446 WITHHOLDING (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 1446

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide guidance for partnerships obligated 
to pay withholding tax under section 1446 of the Internal Revenue Code. 
Specifically, the proposed and temporary regulations address the 
circumstances under which a partnership may reduce its withholding tax 
due based upon certifications of losses by foreign partners or when the 
partnership is in bankruptcy. The temporary regulations will be 
effective for partnership taxable years beginning after the date the 
regulations are published in the Federal Register.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            07/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Additional Information: REG-108524-00
Drafting attorney: Ronald M. Gootzeit (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: David Sotos (202) 622-0851
CC:INTL

Agency Contact: Ronald M. Gootzeit, 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-AY28
RIN: 1545-BD80
_______________________________________________________________________

2685. [bull] SECTION 1374 EFFECTIVE DATES

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 337(d); 26 USC 1374(e); 26 USC 7805(a)

CFR Citation: 26 CFR 1

Legal Deadline: Final, Statutory, December 20, 2007.

Abstract: Section 1374(a) of the Internal Revenue Code imposes a tax on 
recognized built-in gains on assets held by a corporation when it 
converted from a C corporation to an S corporation. This provision is 
generally effective for corporations that had made S corporation 
elections after December 31, 1986 (or for certain gains of certain 
``small'' corporations, December 31, 1988). Section 1374(d)(8) imposes 
a tax on recognized built-in gains on assets received from a C 
corporation to an S corporation in a carryover basis transaction. The 
proposed regulations clarify that: 1) section 1374(a) applies to a 
corporation if it initially elected S status before the applicable 
section 1374(a) effective date, but then returned to C corporation 
status and made a new S corporation election after the applicable 
section 1374 effective date; and 2) section 1374(d)(8) applies to a 
carryover basis transaction that occurs after December 31, 1986 (or, if 
applicable, December 31, 1988), regardless of when the transferee S 
corporation elected S status.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/22/04                    69 FR 76635
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-139683-04
Drafting attorney: Stephen R. Cleary (202) 622-7750
Reviewing attorney: Lisa Fuller (202) 622-7750
Treasury attorney: Matthew Lay (202) 622-9858
CC: CORP:B1

Agency Contact: Stephen R. Cleary, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-7750

Related RIN: Related to 1545-BD99
RIN: 1545-BD95
_______________________________________________________________________

2686. [bull] FLAT RATE SUPPLEMENTAL WAGE WITHHOLDING

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

Unfunded Mandates: Undetermined

Legal Authority: PL 107-16, sec 101(c)(11); PL 103-66, sec 13273

CFR Citation: 26 CFR 31

Legal Deadline: None

Abstract: Amendment of section 31.3402(g)-1 of Employment Tax 
Regulations to reflect changes in law affecting optional flat rate for 
income tax withholding on supplemental wages.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/05/05                      70 FR 767
NPRM Comment Period End         04/11/05
Final Action                    08/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-152945-04

[[Page 27447]]

Drafting attorney: Alfred G. Kelley (202) 622-6040
CC: TEGE

Agency Contact: Alfred G. Kelley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6040

RIN: 1545-BD96
_______________________________________________________________________

2687. [bull] DISCLOSURE OF RELATIVE VALUES OF OPTIONAL FORMS OF BENEFIT

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 7805; 26 USC 417 (a)(3)

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: These regulations will modify regulations issued on December 
17, 2003, to change the effective date provisions of those regulations 
(regarding the explanations that must be provided before a pension plan 
participant waives a qualified joint and survivor annuity) and make a 
few other clarifications.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/28/05                     70 FR 4058
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: REG-15291404
Drafting attorney: Bruce Perlin (202) 622-6090
Reviewing attorney: Linda S.F. Marshall (202) 622-6090
Treasury contact: Harlan Weller (202) 622-1001
CC: TEGE

Agency Contact: Bruce Perlin, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-6090

RIN: 1545-BD97
_______________________________________________________________________

2688. [bull] DESIGNATED ROTH CONTRIBUTIONS UNDER CASH OR DEFERRED 
ARRANGEMENTS UNDER SECTION 401(K)

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The proposed regulations would provide guidance concerning 
the requirements for designated Roth contributions for plans containing 
cash or deferred arrangements under section 401(k). The proposed 
regulations affect plans containing cash or deferred arrangements under 
section 401(k) and affected participants eligible to make elective 
deferrals under these plans.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/02/05                    70 FR 10062
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Additional Information: REG-152354-04
Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6080
Treasury contact: Harlan Weller (202) 622-1001
CC: TEGE

Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-6080

RIN: 1545-BE05
_______________________________________________________________________

2689. [bull] INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED 
INTELLECTUAL PROPERTY CONTRIBUTIONS (TEMPORARY)

Priority: Info./Admin./Other

Legal Authority: 26 USC 6050L(b)

CFR Citation: 26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: This publication will add section 1.6050L-2T of the Income 
Tax Regulations to provide guidance for filing information returns by 
donees relating to qualified intellectual property contributions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            05/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-158138-04
Drafting attorney: Donnell M. Rini-Swyers (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
Treasury attorney: Eric SanJuan (202) 622-0224
CC:PA;APJ

Agency Contact: Donnell M. Rini-Swyers, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave NW, 
Washington, DC 20224
Phone: 202 622-4910

Related RIN: Related to 1545-BE11
RIN: 1545-BE12
_______________________________________________________________________

2690. [bull] 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                    06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-159824-04
Drafting attorney: Heather L. Dostaler (202) 622-4940
Reviewing attorney: Richard Goldstein (202) 622-3900
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ

[[Page 27448]]

Agency Contact: Heather L. Dostaler, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224
Phone: 202 622-4940

Related RIN: Related to 1545-BA70
RIN: 1545-BE13
_______________________________________________________________________

2691. [bull] EXCLUSIONS FROM GROSS INCOME OF FOREIGN CORPORATIONS

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

Unfunded Mandates: Undetermined

Legal Authority: 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This regulation will delay for one year the applicability 
date of TD 9087, relating to income derived by foreign corporations 
from the international operation of ships or aircraft (Treasury 
regulations sections 1.883-0 through 1.883-5), making those regulations 
applicable to taxable years beginning after September 24, 2004, 
pursuant to section 423 of the American Jobs Creation Act of 2004.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-160687-04
Drafting attorney: Patricia A. Bray (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
Treasury attorney: Gretchen Sierra (202) 622-1755
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-BE16
_______________________________________________________________________

2692. [bull] AGGREGATE COMPUTATION: ALLOCATION OF RESEARCH CREDIT II 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 41

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: This temporary regulation relates to the computation and 
allocation of the credit for increasing research activities for members 
of a controlled group under section 41(f) of the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-134030-04
Drafting attorney: Nicole R. Cimino (202) 622-3120
Reviewing attorney: Brenda M. Stewart (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

Related RIN: Related to 1545-BD60
RIN: 1545-BE17
_______________________________________________________________________

2693. [bull] RESIDENCE AND SOURCE RULES INVOLVING U.S. POSSESSIONS 
(TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 937; PL 108-357, sec 908

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The section 937 temporary regulations provide rules for 
determining whether an individual is a bona fide resident of a U.S. 
possession, including American Samoa, Guam, the Northern Mariana 
Islands, Puerto Rico, and the Virgin Islands. The temporary regulations 
also 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 any U.S. 
possession. In addition, the temporary regulations contain additional 
conforming changes to regulations under related or effected sections of 
the Internal Revenue Code.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations           12/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-159243-03
Drafting attorney: John David Varley (202) 435-5262
Reviewing attorney: W. Edward Williams (202) 622-3830
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
RIN: 1545-BE22

[[Page 27449]]

_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Internal Revenue Service (IRS)
_______________________________________________________________________

2694. INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF 
REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 301; 26 CFR 602

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/23/88                    53 FR 23659


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-AC09
_______________________________________________________________________

2695. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT 
INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/86                     51 FR 2726


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: W. Edward Williams
Phone: 202 622-3830

RIN: 1545-AC10
_______________________________________________________________________

2696. 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: Christopher J. Bello
Phone: 202 435-5265

RIN: 1545-AI16
_______________________________________________________________________

2697. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/24/92                    57 FR 61373
Second NPRM                      To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Quyen Huynh
Phone: 202 622-3880

RIN: 1545-AJ93
_______________________________________________________________________

2698. 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
_______________________________________________________________________

2699. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

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
_______________________________________________________________________

2700. 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: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-AM90
_______________________________________________________________________

2701. 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: W. Edward Williams
Phone: 202 622-3830

RIN: 1545-AM91
_______________________________________________________________________

2702. 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

[[Page 27450]]

Agency Contact: Martin Scully
Phone: 202 622-8066

RIN: 1545-AN73
_______________________________________________________________________

2703. 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
_______________________________________________________________________

2704. REGISTRATION REQUIRED OBLIGATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/21/93                     58 FR 5316
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Carl M. Cooper
Phone: 202 622-3840

RIN: 1545-AP33
_______________________________________________________________________

2705. 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: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-AQ55
_______________________________________________________________________

2706. 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
_______________________________________________________________________

2707. TREATMENT OF DUAL CONSOLIDATED LOSSES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Kathryn T. Holman
Phone: 202 622-3860

RIN: 1545-AR26
_______________________________________________________________________

2708. 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
_______________________________________________________________________

2709. 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
_______________________________________________________________________

2710. 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
_______________________________________________________________________

2711. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

[[Page 27451]]

Federalism:  Undetermined

Agency Contact: M. Grace Fleeman
Phone: 202 622-3880

RIN: 1545-AU91
_______________________________________________________________________

2712. FINANCIAL ASSET SECURITIZATION INVESTMENT TRUST (FASIT) START-UP; 
OPERATIONAL AND TRANSITIONAL RULES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301; 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/04/96                    61 FR 56648
ANPRM Comment Period End        12/31/96
NPRM                            02/07/00                     65 FR 5807


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Arturo Estrada
Phone: 202 622-3900

RIN: 1545-AU94
_______________________________________________________________________

2713. 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
Final Action                     To Be                       Determined

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
_______________________________________________________________________

2714. SOURCE OF INCOME FROM CERTAIN SPACE AND OCEAN ACTIVITIES AND FOR 
COMMUNICATIONS INCOME

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/17/01                     66 FR 3903
Hearing                         05/23/01                    66 FR 12916


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Edward R. Barret
Phone: 202 622-3880

RIN: 1545-AW50
_______________________________________________________________________

2715. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected:  Businesses, Organizations

Government Levels Affected: None

Agency Contact: Kathleen Sleeth
Phone: 202 622-3920

RIN: 1545-AW97
_______________________________________________________________________

2716. 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
_______________________________________________________________________

2717. NORMAL RETIREMENT AGE FOR PENSION PLANS

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

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: None

Agency Contact: Janet A. Laufer
Phone: 202 622-6090

RIN: 1545-AY61
_______________________________________________________________________

2718. PAYMENTS FOR INTEREST IN PARTNERSHIP

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/06

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
_______________________________________________________________________

2719. AMENDMENT TO THE DEFINITION OF REFUNDING

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/02                    67 FR 17310
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Agency Contact: Michael P. Brewer
Phone: 202 622-3980

RIN: 1545-BA46
_______________________________________________________________________

2720. ALLOCATION AND APPORTIONMENT RULES: GUIDANCE ON SELECTED ISSUES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/06

Regulatory Flexibility Analysis Required: No

[[Page 27452]]

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Teresa B. Hughes
Phone: 202 622-3850

RIN: 1545-BA64
_______________________________________________________________________

2721. EARNINGS AND PROFITS ATTRIBUTION PRINCIPLES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

Federalism:  Undetermined

Agency Contact: Mark R. Pollard
Phone: 202 622-3850

RIN: 1545-BA93
_______________________________________________________________________

2722. MIXED USE OUTPUT FACILITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/23/02                    67 FR 59767


Next Action Undetermined

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Local, State

Federalism:  Undetermined

Agency Contact: Rose M. Weber
Phone: 202 622-3980

RIN: 1545-BB23
_______________________________________________________________________

2723. ACCRUAL RULES FOR CREDITABLE FOREIGN TAXES AND GUIDANCE ON CHANGE 
IN TAXABLE YEAR

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Margaret A. Hogan
Phone: 202 622-3850

RIN: 1545-BB27
_______________________________________________________________________

2724. 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
Comment Period End              10/08/03
Final Action                     To Be                       Determined

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
_______________________________________________________________________

2725. GUIDANCE REGARDING APPLICATION OF SECTION 265(A)(2) AND 246A IN 
TRANSACTIONS INVOLVING RELATED PARTIES, PASS-THROUGH ENTITIES, OR OTHER 
INTERMEDIARIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           05/07/04                    69 FR 25534
NPRM Comment Period End         08/05/04


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Avital Grunhaus
Phone: 202 622-3940

RIN: 1545-BC24
_______________________________________________________________________

2726. SOLID WASTE DISPOSAL FACILITIES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/10/04                    69 FR 25856
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Agency Contact: Michael P. Brewer
Phone: 202 622-3980

RIN: 1545-BD04
_______________________________________________________________________

2727. TREATMENT OF FOREIGN STAPLED CORPORATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/07/04                    69 FR 54067


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Robert W. Lorence
Phone: 202 622-3860

Related RIN: Related to 1545-BD06
RIN: 1545-BD05
_______________________________________________________________________

2728. [bull] DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE 
CENSUS

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103(j)

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: Under section 6103(j)(1), upon written request from the 
Secretary of Commerce, the Secretary is to furnish to the Bureau of the 
Census (Bureau) return information that is prescribed by Treasury 
regulations for the purpose of, but only to the extent necessary in, 
structuring censuses and national economic accounts and conducting 
related statistical activities authorized by law. Section 
301.6103(j)(1)-1 of these regulations further defines such purposes by 
reference to 13 U.S.C. chapter 5 and provides an itemized description 
of the return information authorized to be disclosed for such purposes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/11/05                    70 FR 12166
Final Action                    05/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147195-04 and REG-148864-03

[[Page 27453]]

Drafting attorney: James C. O'Leary (202) 622-8543
Treasury atttorney: Michael Desmond (202) 622-1981
CC:DPL:B1

Agency Contact: James C. O'Leary, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-8543

Related RIN: Related to 1545-BC93, Related to 1545-BE02, Related to 
1545-BE01
RIN: 1545-BE08
_______________________________________________________________________

2729. [bull] DISCLOSURE OF RETURN INFORMATION TO THE DEPARTMENT OF 
AGRICULTURE

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

Legal Authority: 26 USC 6103(j)(5)

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: This proposed regulation relates to return information to be 
disclosed to the Department of Agriculture for use in conducting the 
Census of Agriculture. The regulation will conform the language in the 
current regulation at 26 CFR 301.6103(j)(5)-1 to the language adopted 
in the recently published regulation pertaining to disclosures to the 
Bureau of the Census at 26 CFR 301.6103(j)(1)-1.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/06/03                    68 FR 33857
Final Action                    06/00/06

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Federal

Additional Information: REG-103809-03
Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570
Treasury attorney: Michael Desmond (202) 622-1981
CC: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-BE15
_______________________________________________________________________

2730. [bull] 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                             To Be                       Determined

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: Robert Berkovsky (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
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Internal Revenue Service (IRS)
_______________________________________________________________________

2731. FOREIGN TRUSTS REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/07/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: M. Grace Fleeman
Phone: 202 622-3880

RIN: 1545-AR25
_______________________________________________________________________

2732. SOURCE RULES FOR PAYMENTS MADE PURSUANT TO CERTAIN SWAP 
ARRANGEMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/15/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Theodore D. Setzer
Phone: 202 622-3870

RIN: 1545-AU89
_______________________________________________________________________

2733. CASH OR DEFERRED ARRANGEMENTS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Temporary Regulations Completed 
by TD 9169                      12/29/04                    69 FR 78144

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: R. Lisa Mojiri-Azad

[[Page 27454]]

Phone: 202 622-6080

Related RIN: Related to 1545-AX26
RIN: 1545-AX43
_______________________________________________________________________

2734. HIPAA PORTABILITY

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 54

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9166                            12/30/04                    69 FR 78720

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Russell Weinheimer
Phone: 202 622-6080

RIN: 1545-AX84
_______________________________________________________________________

2735. INFORMATION REPORTING ON CANCELLATION OF INDEBTEDNESS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9160                            10/25/04                    69 FR 62181

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Joseph P. Dewald
Phone: 202 622-4910

RIN: 1545-AY35
_______________________________________________________________________

2736. NEW MARKET TAX CREDIT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9171                            12/28/04                    69 FR 77625

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Paul F. Handleman
Phone: 202 622-3040

RIN: 1545-AY87
_______________________________________________________________________

2737. GASOLINE TAX CLAIMS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 48

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/18/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: Local, State, Tribal

Agency Contact: Susan Athy
Phone: 202 622-3130

RIN: 1545-BA27
_______________________________________________________________________

2738. TREATMENT OF CERTAIN OBLIGATION-SHIFTING TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/16/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jeffrey L. Vinnik
Phone: 202 622-3840

RIN: 1545-BA41
_______________________________________________________________________

2739. MULTIFAMILY HOUSING BONDS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/18/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Local, State

Agency Contact: Rose M. Weber
Phone: 202 622-3980

RIN: 1545-BA45
_______________________________________________________________________

2740. LOSS LIMITATION RULES

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 602

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9187                            03/03/05                    70 FR 10319

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Martin T. Huck
Phone: 202 622-7216

Related RIN: Related to 1545-BA51, Related to 1545-BA74
RIN: 1545-BA52
_______________________________________________________________________

2741. MODIFICATION OF CHECK THE BOX REGULATIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9183                            02/25/05                     70 FR 9220

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: James M. Gergurich
Phone: 202 622-3070

RIN: 1545-BA59
_______________________________________________________________________

2742. CIRCULAR 230--TAX SHELTER AMENDMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 31 CFR 10

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9165                            12/20/04                    69 FR 75839

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Brinton T. Warren
Phone: 202 622-7800

RIN: 1545-BA70

[[Page 27455]]

_______________________________________________________________________

2743. TESTIMONY AUTHORIZATIONS AND REQUESTS FOR IRS INFORMATION

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

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9178                            02/14/05                     70 FR 7396

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Scott E. Powers
Phone: 202 622-4580

RIN: 1545-BB15
_______________________________________________________________________

2744. AUTHORIZATION FOR IRS TO CHARGE FEES FOR COPYING EXEMPT 
ORGANIZATION RETURNS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9173                            01/05/05                      70 FR 704

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sarah Tate
Phone: 202 622-4560

Related RIN: Related to 1545-BB22
RIN: 1545-BB21
_______________________________________________________________________

2745. EXTENSION OF TIME FOR FILING RETURNS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1; 26 CFR 25; 26 CFR 31; 26 CFR 53; 26 CFR 55; 26 
CFR 156; . . .

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9163                            12/07/04                    69 FR 70547

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sanford Kelsey
Phone: 202 622-4940

RIN: 1545-BB29
_______________________________________________________________________

2746. INFORMATION REPORTING RELATING TO TAXABLE STOCK TRANSACTIONS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9101                            12/30/03                    68 FR 75119

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy L. Rose
Phone: 202 622-4910

Related RIN: Related to 1545-BB40
RIN: 1545-BB60
_______________________________________________________________________

2747. SAFE HARBOR LEASING SECOND INTEREST CAPITALIZATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9179                            02/23/05                     70 FR 8729

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Grant D. Anderson
Phone: 202 622-4930

Related RIN: Related to 1545-BB63
RIN: 1545-BB62
_______________________________________________________________________

2748. USE OF GOVERNMENT DEPOSITORIES IN CONNECTION WITH TAX UNDER THE 
FEDERAL UNEMPLOYMENT TAX ACT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9162                            12/01/04                    69 FR 69819

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Heather L. Dostaler
Phone: 202 622-4940

Related RIN: Related to 1545-BB67
RIN: 1545-BB66
_______________________________________________________________________

2749. USE OF GOVERNMENT DEPOSITORIES IN CONNECTION WITH TAX UNDER THE 
FEDERAL UNEMPLOYMENT TAX ACT

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/18/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Heather L. Dostaler
Phone: 202 622-4940

Related RIN: Related to 1545-BB66
RIN: 1545-BB67
_______________________________________________________________________

2750. QUALIFIED INTERESTS

Priority: Info./Admin./Other

CFR Citation: 26 CFR 25

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9181                            02/25/05                     70 FR 9222

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Juli Ro Kim
Phone: 202 622-3090

RIN: 1545-BB72
_______________________________________________________________________

2751. GUIDANCE ON LIFE INSURANCE AND ANNUITY CONTRACTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

[[Page 27456]]

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9185                            03/01/05                     70 FR 9869

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: James Polfer
Phone: 202 622-3970

RIN: 1545-BB77
_______________________________________________________________________

2752. NEW MARKETS TAX CREDIT AMENDMENTS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9171                            12/28/04                    69 FR 77625

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Paul F. Handleman
Phone: 202 622-3040

Related RIN: Related to 1545-BC02
RIN: 1545-BC03
_______________________________________________________________________

2753. TAX EXEMPT BOND PARTNERSHIP REPORTING REGULATION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9177                            02/11/05                     70 FR 7176

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David A. Shulman
Phone: 202 622-3080

Related RIN: Related to 1545-BC01
RIN: 1545-BC04
_______________________________________________________________________

2754. TIMING AND MODIFICATION OF THE SECTION 59(E) ELECTION

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Hearing                         12/07/04                    69 FR 64546
Final Action Completed by TD 
9178                            12/22/04                    69 FR 76618

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Eric B. Lee
Phone: 202 622-3120

RIN: 1545-BC13
_______________________________________________________________________

2755. ADJUSTMENT TO NET UNREALIZED BUILT-IN GAIN

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9180                            02/23/05                     70 FR 8727

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Jennifer D. Sledge
Phone: 202 622-7750

RIN: 1545-BC29
_______________________________________________________________________

2756. ELIMINATION OF FORMS OF DISTRIBUTION IN DEFINED CONTRIBUTION PLANS

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9176                            01/25/05                     70 FR 3475

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Vernon S. Carter
Phone: 202 622-6060

RIN: 1545-BC35
_______________________________________________________________________

2757. INFORMATION REPORTING RELATING TO TAXABLE STOCK TRANSACTIONS 
(TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9101                            02/17/04                     69 FR 7350

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Nancy L. Rose
Phone: 202 622-4910

Related RIN: Related to 1545-BB40, Related to 1545-BB60, Related to 
1545-BC79
RIN: 1545-BC80
_______________________________________________________________________

2758. STUDENT FICA GUIDANCE

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9167                            12/21/04                    69 FR 76404

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: John B. Richards
Phone: 202 622-6040

RIN: 1545-BC81
_______________________________________________________________________

2759. INTEREST ON LARGE CORPORATE UNDERPAYMENTS UNDER SECTION 6621(C)

Priority: Info./Admin./Other

CFR Citation: 26 CFR 301

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Further Action Not Contemplated 
At This Time                    05/05/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michelle B. Baxter

[[Page 27457]]

Phone: 202 622-4910

RIN: 1545-BD22
_______________________________________________________________________

2760. BRIEF ASSET HOLDING PERIOD (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/04/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

RIN: 1545-BD38
_______________________________________________________________________

2761. BRIEF ASSET HOLDING PERIOD

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       01/04/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Tara P. Volungis
Phone: 202 622-3080

RIN: 1545-BD39
_______________________________________________________________________

2762. UNDERPAYMENT FOR QUALIFIED AMENDED RETURNS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9186                            03/02/05                    70 FR 10037

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Nancy M. Galib
Phone: 202 622-7022

Related RIN: Related to 1545-BD40
RIN: 1545-BD42
_______________________________________________________________________

2763. SALARY REDUCTION AGREEMENT UNDER SECTION 312(A)(5)(D) (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 31

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation Completed 
by TD 9159                      11/16/04                    69 FR 67054

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Governmental Jurisdictions, Organizations

Government Levels Affected: Local, State

Agency Contact: Neil D. Shepherd
Phone: 202 622-6040

Related RIN: Related to 1545-BB64
RIN: 1545-BD50
_______________________________________________________________________

2764. REMIC RESIDUALS-FOREIGN HOLDERS (TEMPORARY)

Priority: Substantive, Nonsignificant

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       03/18/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Arturo Estrada
Phone: 202 622-3900

RIN: 1545-BD66
_______________________________________________________________________

2765. REMOVAL OF SECTION 6661 REGULATIONS

Priority: Info./Admin./Other

CFR Citation: 26 CFR 1

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9174                            01/05/05                      70 FR 704

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Audra M. Dineen
Phone: 202 622-4940

RIN: 1545-BD75
_______________________________________________________________________

2766. [bull] SECTION 1374 EFFECTIVE DATES (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 337; 26 USC 1374; 26 USC 7805

CFR Citation: 26 CFR 1

Legal Deadline: Final, Statutory, December 20, 2007.

Abstract: Section 1374(a) of the Internal Revenue Code imposes a tax on 
recognized built-in gains on assets held by a corporation when it 
converted from a C corporation to an S corporation. This provision is 
generally effective for corporations that had made S corporation 
elections after December 31, 1986 (or for certain gains of certain 
``small'' corporations, December 31, 1988). Section 1374(d)(8) imposes 
a tax on recognized built-in gains on assets received from a C 
corporation to an S corporation in a carryover basis transaction. The 
proposed regulations clarify that: 1) section 1374(a) applies to a 
corporation if it initially elected S status before the applicable 
section 1374(a) effective date, but then returned to C corporation 
status and made a new S corporation election after the applicable 
section 1374 effective date; and 2) section 1374(d)(8) applies to a 
carryover basis transaction that occurs after December 31, 1986 (or, if 
applicable, December 31, 1988), regardless of when the transferee S 
corporation elected S status.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation Completed 
by TD 9170                      12/22/04                    69 FR 76612

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: REG-139683-04
Drafting attorney: Stephen R. Cleary (202) 622-7750
Reveiwing attorney: Lisa Fuller (202) 622-7750
Treasury attorney: Matthew Lay (202) 622-9858
CC:COR

Agency Contact: Stephen R. Cleary, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 
Washington, DC 20224

[[Page 27458]]

Phone: 202 622-7750

Related RIN: Related to 1545-BD95
RIN: 1545-BD99
_______________________________________________________________________

2767. [bull] DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE 
CENSUS (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6103

CFR Citation: 26 CFR 301

Legal Deadline: None

Abstract: Under section 6103(j)(1), upon written request from the 
Secretary of Commerce, the Secretary is to furnish to the Bureau of the 
Census (Bureau) return information that is prescribed by Treasury 
regulations for the purpose of, but only to the extent necessary in, 
structuring censuses and national economic accounts and conducting 
related statistical activities authorized by law. Section 301.6103 
(j)(1)-1 of these regulations further defines such purposes by 
reference to 13 U.S.C. chapter 5 and provides an itemized description 
of the return information authorized to be disclosed for such purposes. 
This document adopts temporary regulations that authorize IRS to 
disclose the additional items of return information that have been 
requested by the Secretary of Commerce for specified purposes related 
to the SAIPE program. The temporary regulations also remove certain 
items of return information that are enumerated in the existing 
regulations but that the Secretary of Commerce has indicated are no 
longer needed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Temporary Regulation            03/11/05                    70 FR 12140

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: REG-147195-04 and REG-148864-03
Drafting attorney: James C. O'Leary (202) 622-8543
Treasury attorney: Michael Desmond (202) 622-1981
CC:DPL:B1

Agency Contact: James C. O'Leary, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 
20224
Phone: 202 622-8543

Related RIN: Related to 1545-BE08, Related to 1545-BC93, Related to 
1545-BE02
RIN: 1545-BE01
_______________________________________________________________________

2768. [bull] RETURN REQUIRED ON MAGNETIC MEDIA (TEMPORARY)

Priority: Substantive, Nonsignificant

Legal Authority: 26 USC 6011

CFR Citation: 26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations require certain corporations and 
organizations to file their Form 1120, ``U.S. Corporation Income Tax 
Return,'' Form 1120S, ``U.S. Income Tax Return for an S Corporation,'' 
Form 990, ``Return of Organization Exempt From Income Tax,'' and Form 
990-PF, ``Return of Private Foundation or Section 4947(a)(1) Trust 
Treated as a Private Foundation,'' electronically.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action Completed by TD 
9175                            01/12/05                     70 FR 2012

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Organizations

Government Levels Affected: None

Additional Information: REG-130671-04
Drafting attorney: Michael E. Hara (202) 622-4910
Treasury attorney: Michael Desmond (202) 622-1981
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

Related RIN: Related to 1545-BD65
RIN: 1545-BE19
BILLING CODE 4830--01--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2769. [bull] RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; 
MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

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

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 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 applicable to smaller 
banking organizations. The revisions are 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 Accord, and 
smaller banks that will not be subject to these advanced approaches.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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

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


[[Page 27459]]


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
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2770. RISK-BASED CAPITAL GUIDELINES; IMPLEMENTATION OF NEW BASEL CAPITAL 
ACCORD

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

Unfunded Mandates: Undetermined

Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1828 (note)

CFR Citation: 12 CFR 567

Legal Deadline: None

Abstract: In 2003, the Office of the Comptroller of the Currency, the 
Board of Governors of the Federal Reserve System, the Federal Deposit 
Insurance Corporation, and the Office of Thrift Supervision 
(collectively, the ``Federal Banking Agencies'') sought industry 
comment on a proposed framework for implementing the New Basel Capital 
Accord in the United States. The advance notice of proposed rulemaking 
(ANPRM) described significant elements of the Advanced Internal 
Ratings-Based approach for credit risk and the Advanced Measurement 
Approaches for operational risk (together, the advanced approaches). 
The ANPRM specified criteria that would be used to determine banking 
organizations that would be required to use the advanced approaches, 
subject to meeting certain qualifying criteria, supervisory standards, 
and disclosure requirements. Other banking organizations that would 
meet the criteria, standards, and requirements also would be eligible 
to use the advanced approaches. Under the advanced approaches, banking 
organizations would use internal estimates of certain risk components 
as key inputs in the determination of their regulatory capital 
requirements.
In the fourth quarter of 2004, the Federal Banking Agencies began a 
quantitative impact study to help determine the potential impact of 
implementing the capital framework set forth in the ``International 
Convergence of Capital Measurement and Capital Standards: A Revised 
Framework,'' which updates and makes some significant revisions to the 
preliminary New Basel Capital Accord document from 2003, upon which the 
above ANPRM was based.
After review of the results of the quantitative impact study and after 
further review and full consideration of public comments received on 
the ANPRM, the Federal Banking Agencies plan to publish a notice of 
proposed rulemaking for implementation of this capital framework.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           08/04/03                    68 FR 45900
ANPRM Comment Period End        11/03/03
NPRM                            06/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

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

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

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

Related RIN: Related to 1550-AB11
RIN: 1550-AB56
_______________________________________________________________________

2771. SECURITIES-RELATED ACTIVITIES OF SAVINGS ASSOCIATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463; 
12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 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                            11/00/05

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


[[Page 27460]]


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
_______________________________________________________________________

2772. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR 
FINANCIAL INSTITUTIONS AND CREDITORS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681m

CFR Citation: Not Yet Determined

Legal Deadline: None

Abstract: The banking agencies, NCUA, and FTC also plan to issue a 
proposed rule implementing section 114 of the FACT Act, which 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.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/00/05

Regulatory Flexibility Analysis Required: Undetermined

Government Levels Affected: Undetermined

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, Thrift Policy, Department of 
the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-7158

RIN: 1550-AB94
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2773. FAIR CREDIT REPORTING MEDICAL INFORMATION REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 1681b; 15 USC 1681s

CFR Citation: 12 CFR 571

Legal Deadline: Final, Statutory, June 4, 2004.
Creditors may not use a consumer's medical information to make credit 
determinations, except in accordance with the Fair and Accurate Credit 
Transactions Act of 2003 (FACT Act). In accordance with section 411 of 
the FACT Act (15 U.S.C. 1681b(g)(5)(A) and (g)(5)(B), the Federal 
banking agencies and the NCUA must, after notice and comment, issue 
regulations on necessary and appropriate access by creditors to medical 
information. Final regulations must be issued by June 4, 2004.

Abstract: The Office of the Comptroller of the Currency, Federal 
Reserve Board, Federal Deposit Insurance Corporation, Office of Thrift 
Supervision, and National Credit Union Administration published for 
comment proposed regulations implementing section 411 of the Fair and 
Accurate Credit Transactions Act of 2003 (FACT Act). The FACT Act 
substantially amends the Fair Credit Reporting Act (FCRA), 15 U.S.C. 
1681 et seq. Section 411(a) of the FACT Act adds a new section 
604(g)(1) to the FCRA to prohibit creditors from obtaining or using 
medical information pertaining to a consumer in connection with any 
determination of the consumer's eligibility, or continued eligibility, 
for credit. In addition, section 411(b) of the FACT Act adds a new 
section 603(d)(3) to the FCRA to restrict the sharing of medical 
information and related lists or descriptions with affiliates.
The Agencies received comments from approximately 40 entities (and 
individuals). The Agencies are developing a final rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/28/04                    69 FR 23380
NPRM Comment Period End         05/28/04
Final Rule                      08/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Agency Contact: Cindy Baltierra, Program Analyst (Compliance), Consumer 
Protection and Specialized Programs, Department of the Treasury, Office 
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6540

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-AB88
_______________________________________________________________________

2774. FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 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 of the FCRA. This 
new

[[Page 27461]]

provision gives consumers the right to restrict a person from using 
certain information about a consumer obtained 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 soliciation 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 comments are currently 
under review at the various agencies.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/15/04                    69 FR 42502
NPRM Comment Period End         08/16/04
Final Rule                      09/00/05

Regulatory Flexibility Analysis Required: Yes

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Cindy Baltierra, Program Analyst (Compliance), Consumer 
Protection and Specialized Programs, Department of the Treasury, Office 
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6540

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
_______________________________________________________________________

2775. EGRPRA REGULATORY REVIEW--APPLICATION AND REPORTING REQUIREMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 552; 5 USC 559; 12 USC 375b; 12 USC 1462; 12 USC 
1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 
1817; 12 USC 1820; 12 USC 1828; 12 USC 1828 note; 12 USC 1831i; 12 USC 
1831o; 12 USC 2810 et seq; 12 USC 2901 et seq; 12 USC 3806; 15 USC 
1691; 31 USC 5318; 42 USC 1981; 42 USC 1982; 42 USC 3601 to 3619; 42 
USC 4106; 44 USC 3501 et seq

CFR Citation: 12 CFR 506; 12 CFR 516; 12 CFR 528; 12 CFR 543 to 545; 12 
CFR 552; 12 CFR 559; 12 CFR 563; 12 CFR 567; 12 CFR 574; 12 CFR 575

Legal Deadline: None

Abstract: As part of its review of regulations under section 2222 of 
the Economic Growth and Regulatory Paperwork Reduction Act of 1996 
(Pub. L. 104-208, September 30, 1996) (EGRPRA), OTS is reducing 
regulatory burden on savings associations by updating and revising 
various application and reporting requirements. Specifically, OTS is: 
(1) modifying the branch office and agency office application and 
notice requirements; (2) harmonizing publication and public comment 
procedures for various applications and notices; and (3) revising the 
meeting procedures. OTS is also eliminating various obsolete rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              11/24/04                    69 FR 68239
Interim Final Rule Effective    01/01/05
Interim Final Rule Comment 
Period End                      01/24/05
Final Rule                      08/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Josephine Battle, Program Analyst (Thrift Policy), 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-6870

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

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-AB93
_______________________________________________________________________

2776. [bull] SPECIAL RULES FOR ADJUDICATORY PROCEEDINGS FOR CERTAIN 
HOLDING COMPANIES

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 504; 5 USC 554 to 557; 12 USC 1464; 12 USC 1467; 
12 USC 1467a; 12 USC 1468; 12 USC 1817(j); 12 USC 1818; 12 USC 3349; 12 
USC 4717; 15 USC 78(l); 15 USC 78o-5; 15 USC 78u-2; 28 USC 2461 note; 
31 USC 5321; 42 USC 4012a

CFR Citation: 12 CFR 509

Legal Deadline: None

Abstract: OTS is adding a new subpart to its Rules of Practice and 
Procedure in Adjudicatory Proceedings to provide for expedited 
processing of certain actions to determine if a company is exercising a 
controlling influence over the management or policies of a savings 
association or savings and loan holding company (collectively, savings 
association) for certain purposes under section 10 of the Home Owners' 
Loan Act, 12 U.S.C. 1467a (HOLA). The new proceedings will be used only 
to determine if a company has acquired a controlling influence over the 
management or policies of a savings association for purposes of those 
subsections of section 10 other than subsections (c), (d), (f), (h)(2), 
(m), (n), (q), and (s). Under the new procedure, a company that holds 
at least one percent but no more than ten percent of the stock of a 
savings association may be found to control that savings association, 
thereby becoming an OTS-regulated entity.

[[Page 27462]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              03/02/05                    70 FR 10021
Interim Final Rule Effective    04/01/05
Interim Final Rule Comment 
Period End                      05/02/05
Final Rule                      06/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Donna Deale, Assistant Managing Director, Examinations 
and Supervision Policy, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-7488

Aaron Kahn, Special Counsel, Business Transactions Division, Department 
of the Treasury, Office of Thrift Supervision, 1700 G Street NW., 
Washington, DC 20552
Phone: 202 906-6263

RIN: 1550-AB96
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2777. COMMUNITY REINVESTMENT ACT

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 563e

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Joint ANPRM                     07/19/01                    66 FR 37602
Joint ANPRM Comment Period End  10/17/01
NPRM                            02/06/04                     69 FR 5729
NPRM Comment Period End         04/06/04
Final Rule                      08/18/04                    69 FR 51155
Final Rule Effective            10/01/04
Second NPRM                     11/24/04                    69 FR 68257
Second NPRM Comment Period End  01/24/05
Final Rule                      03/02/05                    70 FR 10023
Final Rule Effective            04/01/05


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Celeste Anderson
Phone: 202 906-7990

Richard Bennett
Phone: 202 906-7409

RIN: 1550-AB48
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________

2778. PROPER DISPOSAL OF CONSUMER INFORMATION UNDER THE FAIR AND 
ACCURATE CREDIT TRANSACTIONS ACT OF 2003

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 568; 12 CFR 570; 12 CFR 571

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      12/28/04                    69 FR 77610
Final Rule Effective            07/01/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Richard Bennett
Phone: 202 906-7409

Glenn S. Gimble
Phone: 202 906-7158

Lewis C. Angel
Phone: 202 906-5645

RIN: 1550-AB87
_______________________________________________________________________

2779. COMMUNITY REINVESTMENT ACT REGULATIONS (TECHNICAL AMENDMENT)

Priority: Substantive, Nonsignificant

CFR Citation: 12 CFR 563e

Completed:
________________________________________________________________________

Reason                            Date                      FR Cite

________________________________________________________________________

Final Rule                      03/28/05                    70 FR 15570
Final Rule Effective            03/28/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Celeste Anderson
Phone: 202 906-7990

Richard Bennett
Phone: 202 906-7409

RIN: 1550-AB91
_______________________________________________________________________

2780. [bull] RULES OF PRACTICE AND PROCEDURE IN ADJUDICATORY 
PROCEEDINGS; CIVIL MONEY PENALTY INFLATION ADJUSTMENT

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 504; 5 USC 554 to 557; 12 USC 1464; 12 USC 1467; 
12 USC 1467a; 12 USC 1468; 12 USC 1817(j); 12 USC 1818; 12 USC 3349; 12 
USC 4717; 15 USC 78(l); 15 USC 78o-5; 15 USC 78u-2; 28 USC 2461 note; 
31 USC 5321; 42 USC 4012a

CFR Citation: 12 CFR 509

Legal Deadline: None

Abstract: The Federal Civil Penalties Inflation Adjustment Act of 1990 
requires all Federal agencies with statutory authority to impose civil 
money penalties (CMPs) to evaluate and adjust those CMPs every four 
years. Prior to this rulemaking, OTS last adjusted its CMP statutes in 
2000. Consequently, OTS issued this final rule to implement the 
required adjustments to OTS's CMP statutes.

[[Page 27463]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      11/04/04                    69 FR 64249
Final Rule Effective            11/04/04

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Timothy Leary, Special Counsel for BSA Compliance, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552
Phone: 202 906-7170

RIN: 1550-AB95
_______________________________________________________________________

2781. [bull] INTERAGENCY GUIDANCE ON RESPONSE PROGRAMS FOR UNAUTHORIZED 
ACCESS TO CUSTOMER INFORMATION AND CUSTOMER NOTICE

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 
12 USC 1828; 12 USC 1831p-1; 12 USC 1881 to 1884; 15 USC 1681s; 15 USC 
1681w; 15 USC 6801; 15 USC 6805(b)(1)

CFR Citation: 12 CFR 568; 12 CFR 570

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 OTS (the Agencies) are publishing an interpretation of 
the Gramm-Leach-Bliley Act and the Interagency Guidelines Establishing 
Information Security Standards (Security Guidelines). This interpretive 
guidance, titled ``Interagency Guidance on Response Programs for 
Unauthorized Access to Customer Information and Customer Notice'' 
(final Guidance), is being published as a supplement to the Security 
Guidelines in the Code of Federal Regulations in order to make the 
interpretation more accessible to financial institutions and to the 
general public. The final Guidance will clarify the responsibilities of 
financial institutions under applicable Federal law. OTS is also making 
a conforming, technical change to its Security Procedures Rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      03/29/05                    70 FR 15736
Final Rule Effective            03/29/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: Undetermined

Agency Contact: Lewis C. Angel, Technology Program Manager, Information 
Technology Risk Management IFS Protection, Department of the Treasury, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-5645

Glenn S. Gimble, Senior Project Manager, Thrift Policy, 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-AB97
[FR Doc. 05-7662 Filed 05-13-05; 8:45 am]
BILLING CODE 6720-01-S
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