<DOC>
[April 24, 2006 (Volume 71, Number 78)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID: f:ua060416.wais]
[Page 23050-23177]
Department of the Treasury
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Part XVI
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Semiannual Regulatory Agenda
[[Page 23050]]
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 United
States 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
conforms to the Unified Agenda format developed by the Regulatory
Information Service Center (RISC).
Dated: March 23, 2006.
 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        NAFTA: Post-Entry Claims and Merchandise Processing Fee Exemption.....................    1505-AB58
2267        Fees for Certain Services.............................................................    1505-AB62
2268        19 CFR 177 Administrative Rulings and Protests........................................    1505-AB65
2269        Terrorism Risk Insurance Program; TRIA Extension Act Implementation...................    1505-AB67
2270        19 CFR 12.155 Entry of Certain Cement Products From Mexico Requiring a Commerce           1505-AB68
            Department Import License.............................................................
----------------------------------------------------------------------------------------------------------------
                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2271        31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations:        1505-AA95
            Publication of Economic Sanctions Enforcement Guidelines..............................
2272        Country-of-Origin Marking.............................................................    1505-AB21
2273        Expanded Methods of Payment of Duties, Taxes, Interest, and Fees......................    1505-AB22
2274        19 CFR 4 User and Navigation Fees; Other Reimbursable Charges.........................    1505-AB24
2275        19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences....    1505-AB26
2276        19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin         1505-AB28
            Initiative............................................................................
2277        19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge..    1505-AB29
2278        19 CFR 12 Dog and Cat Protection Act..................................................    1505-AB31
2279        19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple     1505-AB34
            Conveyances...........................................................................
2280        19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act.......    1505-AB37
[[Page 23051]]
2281        Trade Benefits Under the African Growth and Opportunity Act...........................    1505-AB38
2282        19 CFR 24 Fees for Customs Processing at Express Courier Facilities...................    1505-AB39
2283        Trade Benefits Under the Caribbean Basin Economic Recovery Act........................    1505-AB40
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....................................................................
2287        19 CFR 141 Conditional Release Period and Customs Bond Obligations for Food, Drugs,       1505-AB57
            Devices, and Cosmetics (Section 610 Review)...........................................
2288        19 CFR 12 Country of Origin of Textile and Apparel Products...........................    1505-AB60
2289        Dominican Republic-Central America-United States Free Trade Agreement.................    1505-AB64
2290        Terrorism Risk Insurance Program; TRIA Extension Act Implementation...................    1505-AB66
2291        Economic Sanctions Enforcement Procedures for Banking Institutions....................    1505-AB69
----------------------------------------------------------------------------------------------------------------
                                     Departmental Offices--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2292        31 CFR Ch II Possible Regulation of Access to Accounts at Financial Institutions          1505-AA74
            Through Payment Service Providers.....................................................
2293        Financial Subsidiaries................................................................    1505-AA81
2294        12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage......................    1505-AA84
2295        19 CFR 4 Harbor Maintenance Fee.......................................................    1505-AB11
2296        Donated Cargo Exemption From Harbor Maintenance Fee...................................    1505-AB12
2297        19 CFR 142 Reconciliation.............................................................    1505-AB16
2298        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
----------------------------------------------------------------------------------------------------------------
2299        Financial Activities of Financial Subsidiaries........................................    1505-AA80
2300        12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature.......    1505-AA85
2301        Import Restrictions Imposed on Certain Archaeological and Ethnological Materials From     1505-AB59
            Colombia..............................................................................
2302        Extension of Import Restrictions Imposed on Archaeological Material Originating in        1505-AB63
            Italy and Representing the Pre-Classical, Classical, and Imperial Roman Periods.......
----------------------------------------------------------------------------------------------------------------
                               Financial Crimes Enforcement Network--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2303        Customer Identification Programs for Pawn Brokers.....................................    1506-AA39
2304        Provision of Banking Services to Money Services Businesses............................    1506-AA85
----------------------------------------------------------------------------------------------------------------
                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2305        Customer Identification Programs for Travel Agents....................................    1506-AA38
2306        Customer Identification Programs for Loan and Finance Companies.......................    1506-AA40
2307        Customer Identification Programs for Sellers of Vehicles..............................    1506-AA41
[[Page 23052]]
2308        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA73
            Programs for Loan and Finance Companies...............................................
2309        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............................................................................
2310        Amendments to Bank Secrecy Act Regulations--Casino Recordkeeping and Reporting            1506-AA84
            Requirements..........................................................................
----------------------------------------------------------------------------------------------------------------
                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2311        31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross-    1506-AA15
            Border Transportation of Certain Monetary Instruments.................................
2312        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the             1506-AA23
            Requirement To Report Transactions in Currency........................................
2313        31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement That             1506-AA25
            Nonfinancial Trades or Businesses Report Certain Currency Transactions................
2314        31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and      1506-AA31
            Credit Unions.........................................................................
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-AA69
            Programs for Travel Agencies..........................................................
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............................
2330        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.................
2331        Amendment to the Bank Secrecy Act Regulations-Imposition of Special Measure Against       1506-AA83
            Banco Delta Asia SARL.................................................................
----------------------------------------------------------------------------------------------------------------
                             Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2332        31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and          1506-AA19
            Recordkeeping Requirements--Money Services Businesses (MSBs)..........................
----------------------------------------------------------------------------------------------------------------
[[Page 23053]]
                             Financial Crimes Enforcement Network--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2333        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To      1506-AA08
            Assess Civil Money Penalties on Depository Institutions...............................
2334        31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and          1506-AA29
            Private Banking Accounts..............................................................
2335        31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act     1506-AA36
            Regulations Requirement That Insurance Companies Report Suspicious Transactions.......
2336        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA70
            Programs for Insurance Companies......................................................
----------------------------------------------------------------------------------------------------------------
                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2337        31 CFR 245 Claims on Account of Treasury Checks.......................................    1510-AA51
----------------------------------------------------------------------------------------------------------------
                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2338        31 CFR 256 Payments Under Judgment and Private Relief Acts............................    1510-AA52
2339        31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments...........    1510-AA91
2340        Federal Government Participation in the ACH...........................................    1510-AB00
2341        Payment of Federal Taxes and the Treasury Tax and Loan Program........................    1510-AB01
2342        Offset of Federal Payments (Other Than Tax Refund and Federal Benefit Payments) To        1510-AB05
            Collect Past-Due, Legally Enforceable Nontax Debt-Grant Payments Amendment............
2343        Federal Process Agents of Surety Companies............................................    1510-AB08
2344        Administrative Offset and Claims Collection Under Reciprocal Agreements With States...    1510-AB09
----------------------------------------------------------------------------------------------------------------
                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2345        Foreign Exchange Operations...........................................................    1510-AB03
2346        Federal Government Participation in the Automated Clearing House......................    1510-AB04
2347        Withholding of District of Columbia, State, City, and County Income or Employment         1510-AB06
            Taxes by Federal Agencies.............................................................
----------------------------------------------------------------------------------------------------------------
                             Alcohol and Tobacco Tax and Trade Bureau--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2348        Proposed Revisions to the Beer Regulations............................................    1513-AB05
2349        Use of the Word ``Pure'' or Its Variants in the Labeling and Advertising of Alcohol       1513-AB16
            Beverages.............................................................................
2350        Use of Various Winemaking Terms on Wine Labels and in Advertisements; Request for         1513-AB24
            Public Comment........................................................................
2351        Use of the Words Scotch Ale or Scottish Ale or Its Variants on Labels or in               1513-AB30
            Advertising of Malt Beverage Products; Request for Public Comment.....................
----------------------------------------------------------------------------------------------------------------
[[Page 23054]]
                          Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2352        Denatured Spirits, Articles, and Nonbeverage Products.................................    1513-AB03
2353        Labeling and Advertising of Wines, Distilled Spirits, and Malt Beverages..............    1513-AB07
2354        Allergen Ingredient Labeling for Alcohol Beverages....................................    1513-AB08
2355        Alternating Brewery Proprietors.......................................................    1513-AB09
2356        Petition To Establish the Outer Coastal Plain American Viticultural Area..............    1513-AB13
2357        Quarterly Excise Tax Filing for Small Alcohol Excise Taxpayers........................    1513-AB17
2358        Green Valley of Russian River Valley..................................................    1513-AB18
2359        Lehigh Valley.........................................................................    1513-AB19
2360        Swan Creek............................................................................    1513-AB20
2361        San Francisco Bay Expansion...........................................................    1513-AB21
2362        Snake River Valley....................................................................    1513-AB22
2363        Proposed Expansion of the Alexander Valley Viticultural Area..........................    1513-AB23
2364        Proposed Establishment of the Tulocay Viticultural Area...............................    1513-AB26
2365        Proposed Establishment of the Paso Robles Westside Viticultural Area..................    1513-AB27
2366        Availability of Information...........................................................    1513-AA98
2367        Firearms and Ammunition Excise Taxes, Consignment Sales of Imported Articles..........    1513-AB12
2368        27 CFR 252 Exportation of Liquors.....................................................    1513-AA00
2369        27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars.....................    1513-AA16
2370        27 CFR 19, Subpart W Proposed Revisions to the Distilled Spirits Plant Regulations....    1513-AA23
2371        27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines..............    1513-AA42
2372        27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural       1513-AA51
            Area..................................................................................
2373        Form TTB F 5110.51, Formula and Process for Domestic and Imported Alcohol Beverages...    1513-AB28
2374        Proposed Modification of Vintage Date Requirements....................................    1513-AB29
----------------------------------------------------------------------------------------------------------------
                           Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2375        New Certification Requirements for Imported Wine......................................    1513-AB00
2376        Petition To Establish San Antonio Valley as a New American Viticultural Area..........    1513-AB02
2377        Proposed Change to Vintage Date Requirements..........................................    1513-AB11
2378        Petition To Establish the Rattlesnake Hills American Viticultural Area................    1513-AB14
2379        Petition To Establish the Saddle Rock-Malibu American Viticultural Area...............    1513-AB15
2380        Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the           1513-AA80
            Homeland Security Act of 2002.........................................................
2381        Firearms Excise Tax; Exemption for Small Manufacturers, Producers, and Importers......    1513-AB25
2382        27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the               1513-AA10
            Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments.....
2383        27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties    1513-AA32
2384        27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area.....    1513-AA41
2385        27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages..............    1513-AA46
2386        27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area....................    1513-AA54
2387        27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary Realignment/    1513-AA55
            Expansion.............................................................................
2388        27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural      1513-AA57
            Area..................................................................................
2389        27 CFR 7 Labeling and Advertising of Malt Beverages...................................    1513-AA60
2390        Petition To Establish the ``Fort Ross Seaview'' Viticultural Area.....................    1513-AA64
2391        Petition To Establish the ``Shawnee Hills'' Viticultural Area.........................    1513-AA70
2392        Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco             1513-AA72
            Viticultural Area.....................................................................
2393        Proposed Establishment of Alta Mesa Viticultural Area.................................    1513-AA82
2394        Proposed Establishment of the Cosumnes River Viticultural Area........................    1513-AA83
2395        Proposed Establishment of Sloughhouse Viticultural Area...............................    1513-AA84
2396        Proposed Establishment of Mokelumne River Viticultural Area...........................    1513-AA85
2397        Proposed Establishment of Jahant Viticultural Area....................................    1513-AA86
2398        Proposed Establishment of Borden Ranch Viticultural Area..............................    1513-AA87
2399        Proposed Establishment of Clements Hills Viticultural Area............................    1513-AA88
2400        Proposed Establishment of Tracy Hills Viticultural Area...............................    1513-AA89
2401        Proposed Establishment of Covelo Viticultural Area....................................    1513-AA90
[[Page 23055]]
2402        Petition To Establish ``Calistoga'' as an American Viticultural Area..................    1513-AA92
2403        Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the    1513-AA96
            Treatment of Wine, Juice, and Distilling Material.....................................
2404        Suspension of Special (Occupational) Tax..............................................    1513-AB04
----------------------------------------------------------------------------------------------------------------
                           Alcohol and Tobacco Tax and Trade Bureau--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2405        27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled    1513-AA07
            Spirits and Wine......................................................................
2406        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............................
2407        27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188..........    1513-AA05
2408        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)..........................................................................
2409        27 CFR 4 Amended Standard of Identity for Sherry......................................    1513-AA08
2410        27 CFR 17 Tax-Paid Distilled Spirits Used in Manufacturing Products Unfit for Beverage    1513-AA37
            Use...................................................................................
----------------------------------------------------------------------------------------------------------------
                           Alcohol and Tobacco Tax and Trade Bureau--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2411        Wahluke Slope Viticultural Area.......................................................    1513-AB01
2412        27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and      1513-AA14
            Tubes Imported or Brought Into the United States......................................
2413        27 CFR 44 Regulatory Changes From Customs Service Final Rule..........................    1513-AA26
2414        27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment      1513-AA27
            of Tax................................................................................
2415        27 CFR 9 Proposed Red Hill Douglas County, Oregon American Viticultural Area..........    1513-AA39
2416        27 CFR 40 Marks, Labels, Notices, and Bonds for, and Removal of, Tobacco Products, and    1513-AA49
            Cigarette Papers and Tubes............................................................
2417        27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes Without    1513-AA52
            Payment of Tax........................................................................
2418        Petition No. 2 To Expand the Russian River Valley Viticultural Area...................    1513-AA67
2419        Petition To Establish ``Texoma'' as a Viticultural Area...............................    1513-AA77
2420        Ramona Valley Viticultural Area.......................................................    1513-AA94
2421        Dos Rios Viticultural Area............................................................    1513-AA95
2422        Niagara Escarpment Viticultural Area..................................................    1513-AA97
----------------------------------------------------------------------------------------------------------------
                                   Comptroller of the Currency--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2423        Accuracy and Integrity of Information Furnished to a Consumer Reporting Agency........    1557-AC89
----------------------------------------------------------------------------------------------------------------
                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2424        12 CFR 1 to 5 Regulatory Burden Reduction and Technical Amendments....................    1557-AC79
2425        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1557-AC87
            Institutions and Creditors............................................................
2426        Implementation of a Revised Basel Capital Accord (Basel II)...........................    1557-AC91
[[Page 23056]]
2427        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance:          1557-AC95
            Domestic Capital Modifications........................................................
2428        Risk-Based Capital Standards: Market Risk.............................................    1557-AC99
----------------------------------------------------------------------------------------------------------------
                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2429        Fair Credit Reporting: Affiliate Marketing Regulations................................    1557-AC88
2430        Assessment of Fees....................................................................    1557-AC96
----------------------------------------------------------------------------------------------------------------
                                 Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2431        Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer           1557-AB93
            Registration..........................................................................
2432        Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-    1557-AC80
            Leach-Bliley Act......................................................................
----------------------------------------------------------------------------------------------------------------
                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2433        Fair Credit Reporting: Use of Medical Information.....................................    1557-AC85
2434        Securities Borrowing Transactions.....................................................    1557-AC90
2435        12 CFR Part 4 One-Year Post-Employment Restrictions for Senior Examiners..............    1557-AC94
2436        12 CFR 1-3 District of Columbia-Chartered Banks.......................................    1557-AC97
2437        Securities Offering Disclosure Rules; Nonpublic Offerings.............................    1557-AC98
----------------------------------------------------------------------------------------------------------------
                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2438        Clarification of Treatment of Separate Limitation Losses..............................    1545-AM11
2439        Outbound Transfers of Property to Foreign Corporations................................    1545-AM97
2440        Foreign Insurance Company--Domestic Election..........................................    1545-AO25
2441        Taxation of Global Trading............................................................    1545-AP01
2442        Information Reporting and Record Maintenance..........................................    1545-AP10
2443        Definition of ``Highly Compensated Employee''.........................................    1545-AQ74
2444        Integrated Financial Transaction......................................................    1545-AR20
2445        Application of Attribution Rules to Foreign Trusts....................................    1545-AU91
2446        Substantiating Travel Expense Deductions for Members of Congress......................    1545-AV55
2447        Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and    1545-AX02
            Related Foreign Base Company Shipping Income..........................................
2448        Guidance on Cost Recovery in the Entertainment Industry...............................    1545-AX12
2449        Inspection of Written Determinations..................................................    1545-AX40
2450        Awarding of Costs and Certain Fees....................................................    1545-AX46
2451        Highly Compensated Employee...........................................................    1545-AX48
2452        Definition of Passive Foreign Investment Company Under Section 1297...................    1545-AX78
2453        Clarification of Foreign-Based Company Sales Income Rules.............................    1545-AX91
2454        Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding      1545-AY30
            Companies (FPHCs).....................................................................
2455        Dollar-Value LIFO.....................................................................    1545-AY39
[[Page 23057]]
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        Transactions Involving Obligations of Consolidated Group Members......................    1545-BA11
2461        Deductibility of Employer Contributions for Deferred Compensation.....................    1545-BA13
2462        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.......................................................................
2463        Allocation and Apportionment Rules: Guidance on Selected Issues.......................    1545-BA64
2464        Allocation of New Markets Tax Credit..................................................    1545-BA84
2465        Section 1248 Attribution Principles...................................................    1545-BA93
2466        Guidance To Facilitate Electronic Tax Administration..................................    1545-BA96
2467        Communications Excise Tax; Taxable Communication Services.............................    1545-BB04
2468        Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year.....    1545-BB27
2469        Application of Separate Limitations to Dividends From Noncontrolled Section 902           1545-BB28
            Corporation...........................................................................
2470        Amending the Low-Income Housing Tax Credit Program....................................    1545-BB37
2471        Substitute Dividend Payments in Securities Lending and Similar Transactions...........    1545-BB56
2472        Loss on Subsidiary Stock..............................................................    1545-BB61
2473        Liquidation of an Interest............................................................    1545-BB71
2474        REMIC Residuals--Timing of Income for Foreign Holders.................................    1545-BB84
2475        Dependent Care Credit.................................................................    1545-BB86
2476        General Allocation and Accounting Regulations.........................................    1545-BC07
2477        Utility Allowance Regulation Update...................................................    1545-BC22
2478        Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/    1545-BC48
            or Commodities, Including Foreign Currency Instruments................................
2479        Stewardship Expenses..................................................................    1545-BC52
2480        Coordination of United States and Certain Possessions Income Taxes....................    1545-BC54
2481        Guidance Under Section 2053 Regarding Post-Death Events...............................    1545-BC56
2482        Below-Market Loans....................................................................    1545-BC78
2483        Regulations Governing the Performance of Actuarial Services Under the Employee            1545-BC82
            Retirement Income Security Act of 1974................................................
2484        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BC93
            Department of Commerce................................................................
2485        Guidance Regarding the Active Trade or Business Requirement Under Section 355(b)......    1545-BC94
2486        Accumulated Adjustment Account and Other Corporate Separations Under Section 355......    1545-BC98
2487        Support Test in the Case of a Child of Divorced Parents...............................    1545-BD01
2488        Definition of Qualified Foreign Corporation...........................................    1545-BD15
2489        REMIC Interest-Only Regular Interests.................................................    1545-BD18
2490        Section 42 Qualified Contract Provisions..............................................    1545-BD20
2491        Payments for Which No Return of Information Is Required Under Section 6041............    1545-BD21
2492        Definition of Disqualified Person.....................................................    1545-BD28
2493        Transfers of Restricted Stock.........................................................    1545-BD44
2494        Classification of Indian Tribal Corporations..........................................    1545-BD61
2495        Declaratory Judgment--Gift Tax Value..................................................    1545-BD67
2496        Regulations Under Section 706 Regarding Determination of Distributive Share When a        1545-BD71
            Partner's Interest Changes............................................................
2497        Shareholder's Basis in Stock of an S Corporation......................................    1545-BD72
2498        Guidance Under Section 707(c) Regarding Guaranteed Payments...........................    1545-BD74
2499        Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1.............    1545-BD81
2500        Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs......    1545-BD82
2501        Guidance Regarding Selected Issues Under Section 336(e)...............................    1545-BD84
2502        Definition of the ``Due Date'' for Purposes of Calculating Overpayment Interest Under     1545-BD86
            Section 301.6611(h)...................................................................
2503        Reduction of Fuel Excise Tax Evasion..................................................    1545-BE03
2504        Elimination of Country-by-Country Reporting to Shareholders of Foreign Taxes Paid by      1545-BE09
            Regulated Investment Companies........................................................
2505        Intra-Group Gross Receipts Under Section 41...........................................    1545-BE14
2506        Capitalization of Amounts Paid To Repair or Improve Tangible Property.................    1545-BE18
2507        Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004        1545-BE23
            (AJCA)................................................................................
2508        Section 6011 Regulations..............................................................    1545-BE24
2509        Section 6111 Regulations..............................................................    1545-BE26
2510        Section 6112 Regulations..............................................................    1545-BE28
[[Page 23058]]
2511        Tractors, Trailers, Trucks, and Tires.................................................    1545-BE31
2512        Release of Lien or Discharge of Property..............................................    1545-BE35
2513        Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004        1545-BE39
            (AJCA) (Temporary)....................................................................
2514        Definition of Dependent and Other Related Provisions..................................    1545-BE40
2515        Balanced System for Measuring Organizational and Employee Performance Within the          1545-BE45
            Internal Revenue Service..............................................................
2516        Information Returns Required With Respect to Certain Foreign Corporations and Other       1545-BE47
            Conforming Changes....................................................................
2517        Special Depreciation Allowance--Extended Placed-In-Service Date.......................    1545-BE55
2518        Research Expenditures Resulting in Inventory Property.................................    1545-BE64
2519        Section 401(a)(4) Guidance............................................................    1545-BE69
2520        Information Reporting on Real Estate Transactions.....................................    1545-BE73
2521        Start-Up and Organizational Expenditures..............................................    1545-BE77
2522        Foreign Currency Contract Defined (Temporary).........................................    1545-BE83
2523        Life/Non-Life Tacking Rule............................................................    1545-BE85
2524        Targeted Populations Under Section 45D(e)(2)..........................................    1545-BE89
2525        Railroad Track Maintenance Credit.....................................................    1545-BE90
2526        S Corporation Guidance Under American Jobs Creation Act of 2004.......................    1545-BE95
2527        Capital Costs Incurred To Comply With EPA Sulfur Regulations..........................    1545-BE96
2528        Disallowance of Partnership Loss Transfers and Basis Reduction in Stock of a Corporate    1545-BE98
            Partner...............................................................................
2529        Section 704(c) and 737 Regulations Update.............................................    1545-BE99
2530        Cafeteria Plans.......................................................................    1545-BF00
2531        Election To Expense Certain Refineries................................................    1545-BF05
2532        Credit Card Claims....................................................................    1545-BF07
2533        Nuclear Decommissioning Cost..........................................................    1545-BF08
2534        Clean Renewable Energy Bonds..........................................................    1545-BF11
2535        Federal Income Tax Consequences of Transfers Between an Individual Debtor and the         1545-BF13
            Bankruptcy Estate in Cases Under Chapters 7 and 11 of Title 11 of the United States
            Code..................................................................................
2536        Rules Under Section 302 of the Katrina Emergency Tax Relief Act of 2005...............    1545-BF14
2537        Revision of Treasury Regulation Section 1.1561-3 To Comply With Commissioner's e-File     1545-BF16
            Program and With the Recommendations of TIGTA Report..................................
2538        Alcohol Fuel and Biodiesel............................................................    1545-BF17
2539        Credit for Production From Advanced Nuclear Power Facilities..........................    1545-BF19
2540        Procedures for Administrative Review of a Determination That an Authorized Recipient      1545-BF21
            Has Failed To Safeguard Federal Tax Returns or Return Information.....................
2541        Subchapter S Banks....................................................................    1545-BF24
2542        Revision of Regulations To Comply With Commissioner's e-File Program..................    1545-BF25
2543        Debt Satisfied by a Partnership Interest..............................................    1545-BF27
2544        Taxpayer Assistance Orders............................................................    1545-BF33
2545        Accuracy-Related Penalties............................................................    1545-BF40
----------------------------------------------------------------------------------------------------------------
                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2546        Income Tax--Definition of Qualified Possession Source Investment Income for Purposes      1545-AC10
            of Puerto Rico and Possession Tax Credit..............................................
2547        Information From Passport and Immigration Applicants..................................    1545-AJ93
2548        Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch     1545-AM12
            Remittances...........................................................................
2549        Earnings Stripping Payments...........................................................    1545-AO24
2550        Registration Required Obligations.....................................................    1545-AP33
2551        Mark-to-Market Upon Disposition.......................................................    1545-AS85
2552        Recomputation of Life Insurance Reserves..............................................    1545-AU49
2553        Agreements for Payment of Tax Liabilities in Installments.............................    1545-AU97
2554        Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and        1545-AW06
            Commodities...........................................................................
2555        Stocks and Securities Safe Harbor Exception...........................................    1545-AW13
2556        Intercompany Obligations..............................................................    1545-AW30
2557        Source of Income From Certain Space and Ocean Activities and for Communications Income    1545-AW50
2558        Reporting of Payments to Attorneys....................................................    1545-AW72
[[Page 23059]]
2559        Stock Transfer Rules--Carryover of Earnings and Taxes.................................    1545-AX65
2560        Allocation and Apportionment of Interest Expense and Certain Other Expenses...........    1545-AX72
2561        Capitalization of Interest and Carrying Charges Properly Allocable to Straddles.......    1545-AX92
2562        Authorized Placement Agency...........................................................    1545-AY18
2563        Guidance on Changes to the Laws for Corporate Estimated Taxes.........................    1545-AY22
2564        HIPAA General Nondiscrimination.......................................................    1545-AY32
2565        HIPAA Nondiscrimination Exception for Church Plans....................................    1545-AY33
2566        HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs.....................    1545-AY34
2567        Allocation of Income and Deductions From Intangibles..................................    1545-AY38
2568        Election--Asset Acquisitions of Insurance Companies...................................    1545-AY49
2569        Normalization.........................................................................    1545-AY75
2570        Transitional Relief for Qualified Intermediaries......................................    1545-AY92
2571        Consolidated Returns; Nonapplicability of Section 357(c)..............................    1545-BA09
2572        Reductions of Accruals and Allocations Because of Increased Age.......................    1545-BA10
2573        Amendment to the Definition of Refunding..............................................    1545-BA46
2574        Noncompensatory Partnership Options...................................................    1545-BA53
2575        Circular 230--Phase 2 Nonshelter Revisions............................................    1545-BA72
2576        Redemptions Treated as Dividends......................................................    1545-BA80
2577        Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens..................    1545-BA86
2578        Allocation of Foreign Tax Credits Among Partners......................................    1545-BB11
2579        Investigative Disclosures.............................................................    1545-BB16
2580        Toll Telephone Service--Definition....................................................    1545-BB18
2581        Mixed Use Output Facilities...........................................................    1545-BB23
2582        Section 482: Methods To Determine Taxable Income in Connection With a Cost Sharing        1545-BB26
            Arrangement...........................................................................
2583        Treatment of Services Under Section 482...............................................    1545-BB31
2584        Limitation on Use of Nonaccrual Experience Method of Accounting.......................    1545-BB43
2585        Special Depreciation Allowance........................................................    1545-BB57
2586        Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under        1545-BB64
            Section 403(b)........................................................................
2587        Notional Principal Contracts; Contingent Nonperiodic Payments.........................    1545-BB82
2588        Predecessors or Successors Under Section 355(e).......................................    1545-BB85
2589        Guidance Regarding Mark-to-Market Valuation for Certain Securities....................    1545-BB90
2590        Partnership Equity for Services.......................................................    1545-BB92
2591        Accrual for Certain REMIC Regular Interests...........................................    1545-BB94
2592        Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and         1545-BB96
            Opportunity for Hearing Upon Filing of Notice of Lien.................................
2593        Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before    1545-BB97
            Levy..................................................................................
2594        Entry of Taxable Fuel.................................................................    1545-BC08
2595        Guidance Necessary To Facilitate Business Electronic Filing...........................    1545-BC15
2596        Changes in Computing Depreciation.....................................................    1545-BC18
2597        Special Consolidated Return Rules for Interest Expense Disallowed Under Section           1545-BC23
            265(a)(2).............................................................................
2598        Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving    1545-BC24
            Related Parties, Pass-Through Entities, or Other Intermediaries.......................
2599        Prohibited Allocation of Securities in an S Corporation...............................    1545-BC34
2600        Guidance on PFIC Purging Elections....................................................    1545-BC37
2601        Qualified Severance Regulations.......................................................    1545-BC50
2602        Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash     1545-BC55
            a Designated or Related Summons.......................................................
2603        Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions........    1545-BC61
2604        Guidance Under Section 707 Regarding Disguised Sales..................................    1545-BC63
2605        Section 1045 Application to Partnerships..............................................    1545-BC67
2606        Collection After Assessment...........................................................    1545-BC72
2607        Exclusion of Employees of 501(c)(3) Organizations in 401(k) and 401(m) Plans..........    1545-BC87
2608        Solid Waste Disposal Facilities.......................................................    1545-BD04
2609        Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue    1545-BD09
            Code (Temporary)......................................................................
2610        Dual Consolidated Loss Regulations....................................................    1545-BD10
2611        Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind      1545-BD19
            Property..............................................................................
2612        Guidance on Phased Retirement.........................................................    1545-BD23
2613        Requirements for Reorganizations......................................................    1545-BD31
2614        Coordination of United States and Certain Possessions Income Taxes (Temporary)........    1545-BD32
[[Page 23060]]
2615        Underpayment for Qualified Amended Returns............................................    1545-BD40
2616        Transfers of Restricted Stock (Temporary).............................................    1545-BD45
2617        Treatment of Disregarded Entities Under Section 752...................................    1545-BD48
2618        Update of 415 Regulations.............................................................    1545-BD52
2619        Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons;         1545-BD54
            Applicability of Section 381..........................................................
2620        Manufacturer Incentive Payments in an Intercompany Transaction........................    1545-BD55
2621        Asset Transfers Following Putative Reorganizations....................................    1545-BD56
2622        Aggregate Computation; Allocation of Research Credit..................................    1545-BD60
2623        Mandatory e-Filing for Forms 1120.....................................................    1545-BD65
2624        Use of Electronic Technologies for Providing Notices and Transmitting Elections and       1545-BD68
            Consents..............................................................................
2625        Section 704(b)(2) and Substantiality..................................................    1545-BD70
2626        Special Rules To Reduce Section 1446 Withholding......................................    1545-BD80
2627        Flat Rate Supplemental Wage Withholding...............................................    1545-BD96
2628        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BE02
            Department of Commerce (Temporary)....................................................
2629        Dye Injection.........................................................................    1545-BE04
2630        Circular 230--Covered Opinion Amendments..............................................    1545-BE13
2631        Withholding Exemptions................................................................    1545-BE20
2632        Section 6011 Regulations (Temporary)..................................................    1545-BE25
2633        Section 6111 Regulations (Temporary)..................................................    1545-BE27
2634        Section 6112 Regulations (Temporary)..................................................    1545-BE29
2635        Income Attributable to Domestic Production Activities.................................    1545-BE33
2636        Guidance Under Subpart F Relating to Partnerships.....................................    1545-BE34
2637        Disregarded Entities and Collections..................................................    1545-BE43
2638        Special Depreciation Allowance-Extended Placed-In-Service Date (Temporary)............    1545-BE56
2639        Regulations Under Section 263A Regarding Use of Simplified Service Cost Method and        1545-BE57
            Simplified Production Method..........................................................
2640        Limitation on Transfer of Built-In Losses (Temporary).................................    1545-BE59
2641        Assumption of Liabilities.............................................................    1545-BE67
2642        Dividends Paid Deduction for Stock Held in Employee Stock Ownership Plan..............    1545-BE74
2643        Deferred Compensation (Proposed)......................................................    1545-BE79
2644        REMIC Residuals--Foreign Holders (Temporary)..........................................    1545-BE81
2645        Railroad Track Maintenance Credit (Temporary).........................................    1545-BE91
2646        Guidance Under Section 7874 for Determining Ownership by Former Shareholders or           1545-BE93
            Partners of Domestic Entities.........................................................
2647        Capital Costs Incurred To Comply With EPA Sulfur Regulations (Temporary)..............    1545-BE97
2648        Designated Roth Accounts Under Section 402A...........................................    1545-BF04
2649        Election To Expense Certain Refineries (Temporary)....................................    1545-BF06
2650        Nuclear Decommissioning Costs (Temporary).............................................    1545-BF09
2651        Charitable Contributions of Certain Motor Vehicles....................................    1545-BF10
2652        Clean Renewable Energy Bonds (Temporary)..............................................    1545-BF12
2653        Credit for Production From Advanced Nuclear Power Facilities (Temporary)..............    1545-BF20
2654        Revision of Regulation To Comply With the Commissioner's e-File Program (Temporary)...    1545-BF26
2655        Charitable Contributions of Qualified Vehicles (Temporary)............................    1545-BF29
2656        Intercompany Transactions; Manufacturer Incentive Payments............................    1545-BF32
2657        Entertainment Expense Disallowance....................................................    1545-BF34
2658        Section 3121(a)(5)(D) Regulation (Salary Reduction Agreement) (Temporary).............    1545-BF35
2659        Amendment of Statutory Mergers and Consolidations.....................................    1545-BF36
2660        Depreciation of MACRS Property That Is Acquired in a Like-Kind Exchange or as a Result    1545-BF37
            of an Involuntary Conversion..........................................................
----------------------------------------------------------------------------------------------------------------
[[Page 23061]]
                                   Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2661        Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax      1545-AC09
            and Civil Penalties for Failure To File...............................................
2662        FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other       1545-AI16
            Special Rules for FSC.................................................................
2663        Foreign Corporations..................................................................    1545-AK74
2664        Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign           1545-AK79
            Investment in Real Property Tax Act...................................................
2665        Income of Foreign Governments and International Organizations.........................    1545-AL93
2666        Earnings and Profits of Controlled Foreign Corporations...............................    1545-AM90
2667        Caribbean Basin Investments...........................................................    1545-AM91
2668        Consolidated Alternative Minimum Tax..................................................    1545-AN73
2669        Conforming Taxable Years of CFCs and FPHCs............................................    1545-AO22
2670        Use of GAAP Earnings as E&P of Foreign Corporations...................................    1545-AQ55
2671        Interest-Free Adjustments.............................................................    1545-AQ61
2672        The Treatment of Accelerated Death Benefits...........................................    1545-AQ70
2673        Straddles---Miscellaneous Issues......................................................    1545-AT46
2674        Allocation of Accrued Benefits Between Employer and Employee Contributions............    1545-AT82
2675        Foreign Corporations Regulations......................................................    1545-AT96
2676        Application of Grantor Trust Rules to Nonexempt Employees' Trusts.....................    1545-AU29
2677        Electronic Transmission of Withholding Certificates...................................    1545-AV27
2678        Transportation of Persons and Property by Air.........................................    1545-AW19
2679        Constructive Sales of Appreciated Financial Positions.................................    1545-AW97
2680        Definition of Accounting Method.......................................................    1545-AX21
2681        Modification to Section 367(a) Stock Transfer Regulations.............................    1545-AX77
2682        Special Rules for S Corporations......................................................    1545-AY44
2683        Payments For Interest in Partnership..................................................    1545-AY90
2684        Timely Mailing Treatment..............................................................    1545-BA99
2685        Amendment to Section 6724 Relating to Failure To File Correct Information Returns.....    1545-BB41
2686        Notarization Requirement for Statements of Purchase...................................    1545-BC11
2687        Contingent at Closing Escrows.........................................................    1545-BC16
2688        Substitute for Return (SFR) and Automated Substitute for Return (ASFR)................    1545-BC45
2689        Definition of Loss for Purposes of the Straddle Rules.................................    1545-BC83
2690        Transactions Involving the Transfer of No Net Equity Value............................    1545-BC88
2691        Disclosures to Subcontractors.........................................................    1545-BC92
2692        Attained Age of the Insured...........................................................    1545-BD00
2693        HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction With FMLA..    1545-BD51
2694        Return for Subchapter T Cooperatives..................................................    1545-BD92
2695        Employer's Annual Federal Employment Tax Return--Form 944.............................    1545-BD93
2696        Return for Subchapter T Cooperatives (Temporary)......................................    1545-BD98
2697        Application of Section 6404(g) Suspension Provisions..................................    1545-BE07
2698        Disclosure of Return Information to the Bureau of the Census..........................    1545-BE08
2699        Information Returns by Donees Relating to Qualified Intellectual Property                 1545-BE11
            Contributions.........................................................................
2700        Employer Comparable Contributions to Health Savings Accounts Under Section 4980G......    1545-BE30
2701        Domestic Workers Regulation Update (Application of the Federal Insurance Contributions    1545-BE32
            Act to Payments Made for Certain Services)............................................
2702        Limitation on Transfer of Built-In Losses.............................................    1545-BE58
2703        Simplification of Extension Process Under Section 6081................................    1545-BE62
2704        Converting an IRA Annuity to a Roth IRA...............................................    1545-BE65
2705        Abandonment of Stock and Other Securities.............................................    1545-BE80
2706        Foreign Currency Contract Defined.....................................................    1545-BE82
2707        Treatment of Excess Loss Accounts.....................................................    1545-BE87
2708        Application of Section 338 to Insurance Companies.....................................    1545-BF02
2709        Failure To Maintain List of Advisees With Respect to Reportable Transactions..........    1545-BF38
2710        Failure To Maintain List of Advisees With Respect to Reportable Transactions..........    1545-BF39
2711        Accuracy-Related Penalties............................................................    1545-BF41
----------------------------------------------------------------------------------------------------------------
[[Page 23062]]
                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2712        Escrow Funds and Other Similar Funds..................................................    1545-AR82
2713        Definition of Private Activity Bond--Refunding Regulations............................    1545-AU98
2714        Highway Vehicle--Definition...........................................................    1545-AX10
2715        Normal Retirement Age for Pension Plans...............................................    1545-AY61
2716        Tax Treatment of Cafeteria Plans......................................................    1545-AY67
2717        Mergers Involving Disregarded Entities................................................    1545-BA06
2718        Provisions Regarding Cross-Border Transactions........................................    1545-BA65
2719        Reporting Requirements for Widely Held Fixed Investment Trusts........................    1545-BA83
2720        Collected Excise Taxes; Duties of Collector...........................................    1545-BB75
2721        Application of Nondiscrimination Cross-Testing Rules To Cash Balance Plans............    1545-BB79
2722        Determination of Single-Sum Distributions From Cash Balance Plans.....................    1545-BB93
2723        Determination of Basis of Securities Received in Exchange or With Respect to a Stock      1545-BC05
            or Securities in Certain Transactions.................................................
2724        Value of Life Insurance When Distributed From a Qualified Retirement Plan.............    1545-BC20
2725        Section 411(d)(6) Protected Benefits..................................................    1545-BC26
2726        Guidance on PFIC Purging Elections....................................................    1545-BC49
2727        Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items....    1545-BC65
2728        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated      1545-BC74
            Group.................................................................................
2729        Determination of Residency in U.S. Possessions........................................    1545-BC86
2730        Sickness or Accident Disability Payments..............................................    1545-BC89
2731        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....................................................................
2732        Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules.....................    1545-BD07
2733        Current Liability Interest Rate Under Section 412(b)(5)...............................    1545-BD13
2734        Current Liability Interest Rate Under Section 412(b)(5) (Temporary)...................    1545-BD14
2735        Stock Held by Foreign Insurance Companies.............................................    1545-BD27
2736        Guidance on PFIC Purging Elections (Temporary)........................................    1545-BD33
2737        LIFO Recapture Under Section 1363(d)..................................................    1545-BD34
2738        Clarification of Definitions..........................................................    1545-BD37
2739        Application of Section 367 in Cross Border Section 304 Transactions; Certain Transfers    1545-BD46
            of Stock Involving Foreign Corporations...............................................
2740        Section 951 Pro Rata Rules............................................................    1545-BD49
2741        Continuity of Interest/Stock Fluctuation..............................................    1545-BD53
2742        Disabled Access Credit................................................................    1545-BD69
2743        Guidance Under Section 6501(c)(1) Regulations.........................................    1545-BD73
2744        Guidance Under Section 368 Regarding Mergers With and Into a Foreign Corporation......    1545-BD76
2745        Classification of Certain Foreign Entities............................................    1545-BD77
2746        Classification of Certain Foreign Entities (Temporary)................................    1545-BD78
2747        Section 1374 Effective Dates..........................................................    1545-BD95
2748        Disclosure of Relative Values of Optional Forms of Benefit............................    1545-BD97
2749        Employer's Annual Federal Employment Tax Return--Form 944 (Temporary).................    1545-BE00
2750        Designated Roth Contributions Under Cash or Deferred Arrangements Under Section 401(k)    1545-BE05
2751        Disclosure of Return Information to the Department of Agriculture.....................    1545-BE15
2752        Exclusions From Gross Income of Foreign Corporations..................................    1545-BE16
2753        Balanced System for Measuring Organizational and Employee Performance Within the          1545-BE46
            Internal Revenue Service (Temporary)..................................................
2754        Modifications to the De Minimis Deposit Rule Under Section 6302.......................    1545-BE48
2755        Modification to the De Minimis Deposit Rule Under Section 6302 (Temporary)............    1545-BE49
2756        Low-Income Housing Credit Allocation and Certification; Revisions.....................    1545-BE50
2757        Application of the Federal Insurance Contributions Act, Federal Unemployment Tax Act,     1545-BE60
            and Collection of Income Tax at Source to Statutory Stock Options.....................
2758        Simplification of Extension Process Under Section 6081 (Temporary)....................    1545-BE63
2759        Converting an IRA Annuity to a Roth IRA (Temporary)...................................    1545-BE66
2760        Qualified Severance of a Trust for Generation-Skipping Transfer (GST) Tax Purposes II.    1545-BE70
2761        Special Rule Regarding Certain Section 951 Pro Rata Share Allocations.................    1545-BE71
2762        Guidance Under Section 7874 for Determining Ownership by Former Shareholders or           1545-BE94
            Partners of Domestic Entities (Temporary).............................................
2763        Cafeteria Plans (Temporary)...........................................................    1545-BF01
2764        Guidance Under Subpart F Relating to Partnerships (Temporary).........................    1545-BF15
[[Page 23063]]
2765        Information Reporting Relating to Taxable Stock Transactions..........................    1545-BF18
2766        Procedures for Administrative Review of a Determination That an Authorized Recipient      1545-BF22
            has Failed to Safeguard Federal Tax Returns or Return Information (Temporary).........
2767        Allocation and Apportionment of Expenses; Alternative Method for Determining Tax Book     1545-BF23
            Value of Assets.......................................................................
2768        Agent of the Group Issues Under Section 7874..........................................    1545-BF30
2769        Agent of the Group Issues Under Section 7874 (Temporary)..............................    1545-BF31
----------------------------------------------------------------------------------------------------------------
                                   Office of Thrift Supervision--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2770        Procedures To Enhance the Accuracy and Integrity of Information Furnished to Consumer     1550-AC01
            Reporting Agencies Under Section 312 of the Fair and Accurate Credit Transactions Act.
----------------------------------------------------------------------------------------------------------------
                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2771        Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord.............    1550-AB56
2772        12 CFR 506 Securities-Related Activities of Savings Associations......................    1550-AB92
2773        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1550-AB94
            Institutions and Creditors............................................................
2774        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Maintenance: Domestic         1550-AB98
            Capital Modifications.................................................................
2775        12 CFR 544 Federal Savings Association Bylaws; Integrity of Directors.................    1550-AC00
2776        Risk Based Capital--Market Risk Rule..................................................    1550-AC02
----------------------------------------------------------------------------------------------------------------
                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2777        Fair Credit Reporting Affiliate Marketing Regulations.................................    1550-AB90
2778        Supplemental Standards of Ethical Conduct for Employees of the Department of Treasury.    1550-AC03
----------------------------------------------------------------------------------------------------------------
                                 Office of Thrift Supervision--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2779        12 CFR 563e Community Reinvestment Act................................................    1550-AB48
----------------------------------------------------------------------------------------------------------------
                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2780        Fair Credit Reporting Medical Information Regulations.................................    1550-AB88
2781        Special Rules for Adjudicatory Proceedings for Certain Holding Companies..............    1550-AB96
2782        12 CFR 507 One-Year Post-Employment Restrictions for Senior Examiners.................    1550-AB99
----------------------------------------------------------------------------------------------------------------
[[Page 23064]]
_______________________________________________________________________
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
Legal Authority: 5 USC 301; Terrorism Risk Insurance Act of 2002, Title
I, PL 107-297, 116 Stat. 2322; Terrorism Risk Insurance Extension Act
of 2005, PL 109-144, 119 Stat. 2660
CFR Citation: 31 CFR 50
Legal Deadline: None
Abstract: As the statutorily authorized administrator of the Terrorism
Risk Insurance Program, Treasury is issuing proposed and final
regulations to implement the Program. Under the Terrorism Risk
Insurance Act of 2002, title I, Public Law 107-297, and the Terrorism
Risk Insurance Extension Act of 2005, Public Law 109-144, the Federal
Government shares the risk of insured losses from certified acts of
terrorism with commercial property and casualty insurers until the
Program sunsets on December 31, 2007. This rule incorporates and
clarifies statutory requirements for the recoupment of the Federal
share of compensation for insured losses. The rule establishes
requirements for determining amounts to be recouped and for procedures
insurers are to use for collecting terrorism policy surcharges and
remitting them to the Treasury.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Howard Leikin, Deputy Director, Department of the
Treasury, Office of Financial Institutions, Terrorism Risk Insurance
Program, 1425 New York Avenue NW., Washington, DC 20220
Phone: 202 622-6770
Email: howard.leikin@do.treas.gov
David J. Brummond, Legal Counsel, Department of the Treasury, Terrorism
Risk Insurance Program, Room 2112, 1425 New York Ave. N.W., Washington,
DC 20220
Phone: 202 622-7255
Email: david.brummond@do.treas.gov
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                            04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC23
Agency Contact: Marla Bianchetta, Operations Officer, Department of the
Treasury, Customs and Border Protection, Office of Field Operations,
1300 Pennsylvania Avenue, NW., Washington, DC 20229
Phone: 202 344-2693
RIN: 1505-AB20
_______________________________________________________________________
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                            04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Daniel Cornette, Attorney, Valuation and Special
Programs Branch, Department of the Treasury, Office of Regulations and
Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8731
RIN: 1505-AB49
_______________________________________________________________________
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                            07/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Linda Shoupe, Operations Officer, Department of the
Treasury, Customs and Border Protection, Office of Field Operations,
1300 Pennsylvania Avenue NW, Washington, DC 20229
Phone: 202 344-3251
RIN: 1505-AB52
[[Page 23065]]
_______________________________________________________________________
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 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                            07/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Bruce Ingalls, Chief, Debt Management Branch,
Department of the Treasury, Office of Finance, 6650 Telecom Drive,
Suite 100, Indianapolis, IN 46278
Phone: 317 298-1307
RIN: 1505-AB54
_______________________________________________________________________
2266. NAFTA: POST-ENTRY CLAIMS AND MERCHANDISE PROCESSING FEE EXEMPTION
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: Currently, CBP regulations do not limit the time that an
importer has to file a post-entry claim for tariff preference level
(TPL) treatment under the North American Free Trade Agreement (NAFTA)
Implementation Act. This amendment would limit the filing of post-entry
TPL claims to 1 year, the same amount of time allowed for post-entry
claims for NAFTA ``originating merchandise.'' This amendment also
clarifies that for an importer to claim the exemption of the
merchandise processing fee for goods that meet a NAFTA rule of origin
even when the goods are unconditionally free, the importer is subject
to the same declaration requirement that is established for claiming
NAFTA duty preference. Lastly, the amendment clarifies that a
Certificate of Origin is not required for a commercial importation for
which the total value of originating goods does not exceed $2,500.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Seth Mazze, CBP Officer, Office of Field Operations,
Department of the Treasury, Customs and Border Protection, Office of
Field Operations, 1300 Pennsylvania Avenue, NW, Washington, DC 20229
Phone: 202 344-2634
RIN: 1505-AB58
_______________________________________________________________________
2267. <bullet> FEES FOR CERTAIN SERVICES
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 58c; 19 USC 66; 19 USC 1202; . . .
CFR Citation: 19 CFR 24
Legal Deadline: None
Abstract: Amendment revises the fees charged for certain customs
inspectional services under 13031 of the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended. Amendments are necessary to
reflect recent changes in the pertinent statutory provisions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jerry Petty, Director, Cost Management Division,
Department of the Treasury, Office of Finance, Customs and Border
Protection, 1300 Pennsylvania Avenue NW, Washington, DC 20229
Phone: 202 344-1317
RIN: 1505-AB62
_______________________________________________________________________
2268. <bullet> ADMINISTRATIVE RULINGS AND PROTESTS
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202 (General Note 3(i),
Harmonized Tariff Schedule of the United States); 19 USC 1502; 19 USC
1624; 19 USC 1625; 19 USC 1514; 19 USC 1515; 19 USC 1448; 19 USC 1484;
19 USC 1501; 19 USC 1520; . . .
CFR Citation: 19 CFR 177; 19 CFR 174; 19 CFR 173; 19 CFR 142
Legal Deadline: None
Abstract: Amendments to implement the administrative rulings process as
well as the filing and administrative review of protests against
specific decisions of Customs and Border Protection (CBP). Amendments
reflect changes to the underlying statutory authority to parts 177 and
174 of title 19 of the CFR made by the Customs Modernization Provisions
of the North American Free Trade Agreement (``NAFTA'') Implementation
Act. Proposed changes to part 174 also reflect statutory amendments
made by the Miscellaneous Trade and Technical Corrections Act of 1999
regarding protests against decisions on post-importation NAFTA claims
and the time required for allowing or denying an application for
further review of a protest. Additional changes to part 174 are
proposed to reflect statutory amendments made by the Miscellaneous
Trade and Technical Corrections Act of 2004 which impact the types of
matters that are subject to protest, and extend various protest time
limits such as the time to file and amend a protest, the time for a
surety to file a protest, and the time to file a request for
accelerated disposition of a protest. Other changes proposed serve to
modernize, clarify, and enhance current CBP administrative rulings and
protest procedures and reflect the nomenclature changes effected by the
transfer of CBP to the Department of Homeland Security and the
subsequent renaming of the U.S. Customs Service as the Bureau of
Customs and Border Protection.
[[Page 23066]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: William G. Rosoff, Chief, Entry Process and Duty Refund
Branch, Department of the Treasury, Office of Regulations and Rulings,
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8807
Gail Hamill, Chief, Tariff Classification and Marking Branch,
Department of the Treasury, Office of Regulations and Rulings, 1300
Pennsylvania Ave, NW., Washington, DC 20229
Phone: 202 572-8810
RIN: 1505-AB65
_______________________________________________________________________
2269. <bullet> TERRORISM RISK INSURANCE PROGRAM; TRIA
EXTENSION ACT IMPLEMENTATION
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; Terrorism Risk Insurance Act of 2002, Title
I, PL 107-297, 116 Stat 2322; Terrorism Risk Insurance Extension Act of
2005, PL 109-144, 119 Stat 2660
CFR Citation: 31 CFR Part 50
Legal Deadline: None
Abstract: The Department of Treasury is issuing this proposed rule as
part of its implementation of amendments made to title I of the
Terrorism Risk Insurance Act of 2002 (TRIA or Act) by the Terrorism
Risk Insurance Extension Act of 2005 (Extension Act). This proposed
rule proposes to adopt by cross reference the text of Treasury's
interim final rule (RIN 1505-AB66) addressing changes to the definition
of property and casualty insurance, requirements for satisfying the
Act's mandatory availability provision and the operation of the new
``Program Trigger'' limitation for paying federal compensation.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: David J. Brummond, Legal Counsel, Department of the
Treasury, Terrorism Risk Insurance Program, Room 2112, 1425 New York
Ave. N.W., Washington, DC 20220
Phone: 202 622-7255
Email: david.brummond@do.treas.gov
Howard Leikin, Deputy Director, Department of the Treasury, Office of
Financial Institutions, Terrorism Risk Insurance Program, 1425 New York
Avenue NW., Washington, DC 20220
Phone: 202 622-6770
Email: howard.leikin@do.treas.gov
Related RIN: Duplicate of 1505-AB66
RIN: 1505-AB67
_______________________________________________________________________
2270. <bullet> ENTRY OF CERTAIN CEMENT PRODUCTS FROM MEXICO
REQUIRING A COMMERCE DEPARTMENT IMPORT LICENSE
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC
1673
CFR Citation: 19 CFR 12.155; 19 CFR 306.201 to 205
Legal Deadline: None
Abstract: This document proposes to amend title 19 of the Code of
Federal Regulations to set forth special requirements for the entry of
certain cement products from Mexico requiring a United States
Department of Commerce import license. The cement products in question
are those listed in the Agreement Between the Office of the United
States Trade Representative, the United States Department of Commerce,
and Mexico's Secretaria de Economia on Trade in Cement, dated March 6,
2006. The changes proposed in this document require the inclusion of an
import license number on the entry summary documentation filed with
Customs and Border Protection for any cement product for which the
United States Department of Commerce requires under its cement
licensing and import monitoring program as well as a valid Mexican
export license with the entry documentation for cement covered by the
Agreement on Trade in Cement.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/06/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
URL For More Information:
www.ia.ita.doc.gov/download/mexico-cement/cement-final-agreement.pdf
Agency Contact: Alice Buchanan, Office of Field Operations, Department
of the Treasury, 1301 Constitution Avenue NW., Washington, DC 20229
Phone: 202 344-2697
RIN: 1505-AB68
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2271. REPORTING AND PROCEDURES REGULATIONS; CUBAN ASSETS CONTROL
REGULATIONS: PUBLICATION OF ECONOMIC SANCTIONS ENFORCEMENT GUIDELINES
Priority: Substantive, Nonsignificant
Legal Authority: 21 USC 1901 to 1908; 22 USC 287c; 31 USC 321(b); 50
USC 1701 to 1706; 50 USC app 1-44
CFR Citation: 31 CFR 501; 31 CFR 515
Legal Deadline: None
Abstract: The Office of Foreign Assets Control (OFAC) of the U.S.
Department of the Treasury is publishing for public comment an updated
version of its internal Economic Sanctions Enforcement Guidelines.
These Guidelines are being published as separate appendices to two
parts of the Code of Federal Regulations: 1) General provisions are
being published as an appendix to the Reporting and Procedures
Regulations, 31 CFR part 501; and 2) specific provisions focusing on
Cuba are being published as an appendix to the Cuban Assets Control
Regulations, 31 CFR part 515. To the extent this proposed rule applied
to ``banking institutions,'' it is superceded by the interim final
rule, `Economic Sanctions Enforcement Procedures for
[[Page 23067]]
Banking Institutions,' issued by OFAC on January 11, 2006 (71 FR 1971).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/29/03                     68 FR 4422
NPRM Comment Period End         03/31/03
Final Action                    01/00/07
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Chief Of Records, Department of the Treasury, Office of
Foreign Assets Control, 1500 Pensylvania Avenue NW., Washington, DC
20220
Phone: 202 622-2530
Fax: 202 622-1657
Related RIN: Related to 1505-AB69
RIN: 1505-AA95
_______________________________________________________________________
2272. 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                    07/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC32
Agency Contact: Gail Hamill, Chief, Tariff Classification and Marking
Branch, Department of the Treasury, Office of Regulations and Rulings,
1300 Pennsylvania Ave, NW., Washington, DC 20229
Phone: 202 572-8810
RIN: 1505-AB21
_______________________________________________________________________
2273. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 197 to 19 USC 198; 19 USC 58a to
58c; 19 USC 66; 19 USC 1202; 19 USC 1450; 19 USC 1624; 31 USC 9701
CFR Citation: 19 CFR 24
Legal Deadline: None
Abstract: Amendment to expand the number of ways that the Bureau of
Customs and Border Protection will accept payment of duties, taxes,
fees, interest, and other charges. Currently, the regulations allow for
credit or charge cards, which have been authorized by the Commissioner
of the Bureau of Customs and Border Protection (Commissioner), to be
used at designated customs-serviced locations with a limitation that
this method of payment may only be used by noncommercial entities.
Amendment allows credit and charge cards authorized by the Commissioner
of CBP to be used for payment of duties, taxes, fees, interest, and
other charges not related to formal consumption entries for consumption
in United States commerce, warehouse withdrawals or quarterly user fees
and by removing the limitation that these methods of payment may only
be used for noncommercial entries.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/17/99                    64 FR 13141
NPRM Comment Period End         05/17/99
Final Action                    07/00/06
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
_______________________________________________________________________
2274. 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                    09/00/06
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
_______________________________________________________________________
2275. 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-
[[Page 23068]]
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                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC72
Agency Contact: Cynthia Reese, Senior Attorney, Department of the
Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue
NW., Washington, DC 20229
Phone: 202 572-8810
RIN: 1505-AB26
_______________________________________________________________________
2276. UNITED STATES-CARIBBEAN BASIN TRADE PARTNERSHIP ACT AND CARIBBEAN
BASIN INITIATIVE
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC
2701; 19 USC 3314
CFR Citation: 19 CFR 10; 19 CFR 163
Legal Deadline: Final, Statutory, October 1, 2000, Public Law 106-200.
Abstract: Amendments to implement the trade benefit provisions for
Caribbean Basin countries contained in title II of the Trade and
Development Act of 2000. The trade benefits under title II, also
referred to as the United States-Caribbean Basin Trade Partnership Act
(the CBTPA), apply to Caribbean Basin countries designated by the
President and involve the entry of specific textile and apparel
articles free of duty and free of any quantitative restrictions,
limitations, or consultation levels and the extension of NAFTA duty
treatment standards to nontextile articles that are excluded from duty-
free treatment under the Caribbean Basin Initiative program.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule Effective    10/01/00                    65 FR 59650
Interim Final Rule              10/05/00                    65 FR 59650
Interim Final Rule Comment
Period End                      12/04/00
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC76
Agency Contact: Cynthia Reese, Senior Attorney, Department of the
Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue
NW., Washington, DC 20229
Phone: 202 572-8790
RIN: 1505-AB28
_______________________________________________________________________
2277. 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                    09/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC77
Agency Contact: Bruce Ingalls, Chief, Debt Management Branch,
Department of the Treasury, Office of Finance, 6650 Telecom Drive,
Suite 100, Indianapolis, IN 46278
Phone: 317 298-1307
RIN: 1505-AB29
_______________________________________________________________________
2278. DOG AND CAT PROTECTION ACT
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1308; 19 USC 1592; 19
USC 1593a; 19 USC 1624
CFR Citation: 19 CFR 12; 19 CFR 113; 19 CFR 151; 19 CFR 162
Legal Deadline: Final, Statutory, August 9, 2001, Public Law 106-476.
Abstract: Amendment to implement certain provisions of the Dog and Cat
Protection Act of 2000. The Dog and Cat Protection Act of 2000
prohibits the importation of any products containing dog or cat fur,
and provides for civil and criminal penalties for violations of the
Act. Amendment sets forth the prohibitions on dog and cat fur
importations and the penalties for violations. Amendment also
implements the provision of the Act pertaining to CBP's certification
process of commercial laboratories, both domestic and foreign, that can
determine if articles intended to be imported into the United States
contain dog or cat fur.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/10/01                    66 FR 42163
NPRM Comment Period End         10/09/01
Final Action                    07/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC87
Agency Contact: Alan Cohen, Attorney-Advisor, Penalties Branch,
Department of the Treasury, Office of Regulations and Rulings, 1300
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8742
Luan Cotter, Operations Officer, Department of the Treasury, Office of
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
[[Page 23069]]
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
_______________________________________________________________________
2279. 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                    07/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC94
Agency Contact: Timothy Sushil, Operations Officer, Department of the
Treasury, Customs and Border Protection, Office of Field Operations,
1300 Pennsylvania Avenue, NW., Washington, DC 20229
Phone: 202 344-2567
RIN: 1505-AB34
_______________________________________________________________________
2280. 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                    12/00/06
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, 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
_______________________________________________________________________
2281. TRADE BENEFITS UNDER THE AFRICAN GROWTH AND OPPORTUNITY ACT
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC
3721; 19 USC 3314
CFR Citation: 19 CFR 10
Legal Deadline: None
Abstract: Amendment to those provisions of the Customs and Border
Protection Regulations that implement the trade benefit provisions for
sub-Saharan African countries contained in the African Growth and
Opportunity Act (the AGOA). Amendments involve the textile and apparel
provisions of the AGOA and in part reflect changes to those statutory
provisions by section 3108 of the Trade Act of 2002. The specific
statutory changes involve the amendment of several provisions to
clarify the status of apparel articles assembled from knit-to-shape
components, the inclusion of a specific reference to apparel articles
formed on seamless knitting machines, a change of the wool fiber
diameter specified in one provision, and the addition of a new
provision to cover additional production scenarios involving the United
States and AGOA beneficiary countries.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              03/21/03                    68 FR 13820
Interim Final Rule Effective    03/21/03
Interim Final Rule Comment
Period End                      05/20/03
Final Action                    12/00/06
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
[[Page 23070]]
Cynthia Reese, Senior Attorney, Department of the Treasury, Office of
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC
20229
Phone: 202 572-8790
RIN: 1505-AB38
_______________________________________________________________________
2282. 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              04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AD21
Agency Contact: Michael L. Jackson, Operations Officer, Department of
the Treasury, Customs and Border Protection, Office of Field
Operations, 1300 Pennsylvania Avenue NW, Washington, DC 20229
Phone: 202 344-1196
RIN: 1505-AB39
_______________________________________________________________________
2283. 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                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AD22
Agency Contact: Robert Abels, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 344-1959
Cynthia Reese, Senior Attorney, Department of the Treasury, Office of
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC
20229
Phone: 202 572-8790
RIN: 1505-AB40
_______________________________________________________________________
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                    04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Robert Abels, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 344-1959
RIN: 1505-AB47
_______________________________________________________________________
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;
. . .
[[Page 23071]]
CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 163; . . .
Legal Deadline: Final, Statutory, January 1, 2005, U.S.-Singapore Free
Trade Agreement Implementation Act.
Abstract: Amendment to implement the preferential tariff treatment and
other customs-related provisions of the Free Trade Agreement entered
into by the United States and the Republic of Singapore.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              07/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Robert Abels, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 344-1959
RIN: 1505-AB48
_______________________________________________________________________
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                    04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Paul Pizzeck, Attorney, IPR & Restricted Merchandise
Branch, Department of the Treasury, Office of Regulations and Rulings,
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8710
George F. McCray, Chief, IPR & Restricted Merchandise Branch,
Department of the Treasury, Office of Regulations and Rulings, 1300
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8709
RIN: 1505-AB51
_______________________________________________________________________
2287. CONDITIONAL RELEASE PERIOD AND CUSTOMS BOND OBLIGATIONS FOR FOOD,
DRUGS, DEVICES, AND COSMETICS (SECTION 610 REVIEW)
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1448; 19 USC 1484; 19
USC 1499; 19 USC 1623; 19 USC 1624; 21 USC 381
CFR Citation: 19 CFR 141; 19 CFR 151
Legal Deadline: None
Abstract: Amendment to provide for a specific conditional release
period for any food, drug, device, or cosmetic that has been released
under bond and for which admissibility is to be determined under the
provisions of the Food, Drug, and Cosmetic Act. Amendment also
clarifies the amount of liquidated damages that may be assessed when
there is a breach of the terms and conditions of the customs bond.
Lastly, amendment authorizes any representative of the Food and Drug
Administration to obtain a sample of any food, drug, device, or
cosmetic, the importation of which is governed by section 801 of the
Food, Drug, and Cosmetic Act, as amended.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/07/02                    67 FR 39322
NPRM Comment Period End         08/06/02
Final Action                    07/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AD05; 1651-AA39.
Agency Contact: Jeremy Baskin, Special Assistant, Office of the
Assistant Commisisoner, Department of the Treasury, Office of
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC
20229
Phone: 202 572-8753
RIN: 1505-AB57
_______________________________________________________________________
2288. COUNTRY OF ORIGIN OF TEXTILE AND APPAREL PRODUCTS
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC
3314; 19 USC 3592
CFR Citation: 19 CFR 12; 19 CFR 102; 19 CFR 141; 19 CFR 144; 19 CFR
146; 19 CFR 163
Legal Deadline: None
Abstract: Amendment of the CBP regulations to update, restructure and
consolidate the regulations relating to the country of origin of
textile and apparel products. Amendments reflect changes brought about,
in part, by the expiration on January 1, 2005, of the Agreement on
Textiles and Clothing and the resulting elimination of quotas on the
entry of textile and apparel products from World Trade Organization
members. The primary regulatory change is the elimination of the
requirement that a textile declaration be submitted for all
importations of textile and apparel products. In addition, to improve
the quality of reporting of the manufacturer of imported textiles and
apparel products, the amendments include a requirement that importers
identify the manufacturer of such products through a manufacturer
identification code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              10/05/05                    70 FR 58009
Interim Final Rule Comment
Period End                      12/05/05
Final Action                    07/00/06
[[Page 23072]]
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia Reese, Senior Attorney, Department of the
Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue
NW., Washington, DC 20229
Phone: 202 572-8810
Robert Abels, Operations Officer, Department of the Treasury, Office of
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1959
RIN: 1505-AB60
_______________________________________________________________________
2289. <bullet> DOMINICAN REPUBLIC-CENTRAL AMERICA-UNITED
STATES FREE TRADE AGREEMENT
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 4001
CFR Citation: 19 CFR 10
Legal Deadline: Final, Statutory, January 1, 2006, PL 109-53.
Abstract: Amendment of CBP regulations to set forth the conditions and
requirements that apply for purposes of submitting requests to CBP for
refunds of any excess customs duties paid with respect to entries of
textile or apparel goods entitled to retroactive application of
preferential tariff treatment under the Dominican Republic-Central
American-United States Free Trade Agreement.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Robert Abels, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 344-1959
Cynthia Reese, Senior Attorney, Department of the Treasury, Office of
Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC
20229
Phone: 202 572-8810
RIN: 1505-AB64
_______________________________________________________________________
2290. <bullet> TERRORISM RISK INSURANCE PROGRAM; TRIA
EXTENSION ACT IMPLEMENTATION
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 31 USC 321; Terrorism Risk Insurance Act of
2002, Title I, PL 107-297, 116 Stat 2322; Terrorism Risk Insurance
Extension Act of 2005, PL 109-144, 119 Stat 2660
CFR Citation: 31 CFR 50
Legal Deadline: None
Abstract: This interim final rule implements amendments to the
Terrorism Risk Insurance Act of 2002 (TRIA) by the Terrorism Risk
Insurance Extension Act of 2005 (Extension Act). TRIA established a
temporary Terrorism Risk Insurance Program (Program) that was scheduled
to expire on December 31, 2005 under which the Federal Government
shared the risk of insured losses from certified acts of terrorism with
commercial property and casualty insurers. The Extension Act extends
the Program through December 31, 2007 and makes other changes to TRIA.
This interim final rule specifically addresses changes to the types of
property and casualty insurance covered by the Act, the requirements to
satisfy the Act's mandatory availability (``make available'') provision
and the operation of the new ``Program Trigger'' provision in section
103(e) of the Extension Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: David J. Brummond, Legal Counsel, Department of the
Treasury, Terrorism Risk Insurance Program, Room 2112, 1425 New York
Avenue NW., Washington, DC 20220
Phone: 202 622-7255
Email: david.brummond@do.treas.gov
Howard Leikin, Deputy Director, Department of the Treasury, Office of
Financial Institutions, Terrorism Risk Insurance Program, 1425 New York
Avenue NW., Washington, DC 20220
Phone: 202 622-6770
Email: howard.leikin@do.treas.gov
Related RIN: Related to 1505-AB67
RIN: 1505-AB66
_______________________________________________________________________
2291. <bullet> ECONOMIC SANCTIONS ENFORCEMENT PROCEDURES FOR
BANKING INSTITUTIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 18 USC 2332d; 21 USC 1901 to 1908; 22 USC 287c; 22 USC
2370(a); 31 USC 321(b); 50 USC 1701 to 1706; 50 USC app 1-44; PL 101-
410 (28 USC 2461 note); EO 9193; EO 9989; EO 12854
CFR Citation: 31 CFR 501
Legal Deadline: None
Abstract: This interim final rule supercedes the proposed rule issued
by the Office of Foreign Assets Control (OFAC) on January 29, 2003 (68
FR 4422) to the extent that the proposed rule applied to ``banking
institutions,'' as defined in the interim final rule. These
administrative procedures are published as an appendix to OFAC's
Reporting, Procedures and Penalties Regulations (31 CFR 501).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              01/11/06                     71 FR 1971
Interim Final Rule Comment
Period End                      03/13/06
Final Rule                      01/00/07
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Assistant Director Of Records, Department of the
Treasury, Office of Foreign Assets Control, 1500 Pennsylvania Avenue
NW--Annex, Washington, DC 20220
Phone: 202 622-2530
Fax: 202 522-1657
Related RIN: Related to 1505-AA95
RIN: 1505-AB69
[[Page 23073]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Departmental Offices (DO)
_______________________________________________________________________
2292. 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
_______________________________________________________________________
2293. FINANCIAL SUBSIDIARIES
Priority: Substantive, Nonsignificant
CFR Citation: Not Yet Determined
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Martha Ellett
Phone: 202 622-2983
Fax: 202 622-1974
Email: martha.ellett@do.treas.gov
RIN: 1505-AA81
_______________________________________________________________________
2294. SECRETARY'S DETERMINATION OF REAL ESTATE BROKERAGE
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 1501.2
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/03/01                      66 FR 307
NPRM Comment Period End         03/02/01
NPRM Comment Period Extended    05/01/01                    66 FR 12440
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Martha Ellett
Phone: 202 622-2983
Fax: 202 622-1974
Email: martha.ellett@do.treas.gov
RIN: 1505-AA84
_______________________________________________________________________
2295. HARBOR MAINTENANCE FEE
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 146; 19 CFR 178
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule Effective    03/01/87
Interim Final Rule              03/30/87                    52 FR 10198
Interim Final Rule Comment
Period End                      05/29/87
Final Action                     To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Deborah Thompson
Phone: 317 614-4511
RIN: 1505-AB11
_______________________________________________________________________
2296. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 24
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              01/08/92                      57 FR 607
Interim Final Rule Effective    01/08/92
Interim Final Rule Comment
Period End                      03/09/92
Final Action                     To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Deborah Thompson
Phone: 317 614-4511
RIN: 1505-AB12
_______________________________________________________________________
2297. 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
_______________________________________________________________________
2298. 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)
_______________________________________________________________________
2299. FINANCIAL ACTIVITIES OF FINANCIAL SUBSIDIARIES
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 1501.1
Completed:
________________________________________________________________________
Reason                            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
Regulatory Flexibility Analysis Required: No
[[Page 23074]]
Government Levels Affected: None
Agency Contact: Martha Ellett
Phone: 202 622-2983
Fax: 202 622-1974
Email: martha.ellett@do.treas.gov
RIN: 1505-AA80
_______________________________________________________________________
2300. SECRETARY'S DETERMINATION OF OTHER ACTIVITIES FINANCIAL IN NATURE
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 1501.2
Completed:
________________________________________________________________________
Reason                            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
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Martha Ellett
Phone: 202 622-2983
Fax: 202 622-1974
Email: martha.ellett@do.treas.gov
RIN: 1505-AA85
_______________________________________________________________________
2301. <bullet> IMPORT RESTRICTIONS IMPOSED ON CERTAIN
ARCHAEOLOGICAL AND ETHNOLOGICAL MATERIALS FROM COLOMBIA
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 the CBP Regulations to reflect the imposition of
import restrictions on certain archaeological material and certain
ethnological material from Colombia The restrictions are imposed
pursuant to an agreement entered into between the United States and
Colombia under the authority of the Convention on Cultural Property
Implementation Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    03/17/06                    71 FR 13757
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Michael Craig, Chief, Other Government Agency Branch,
Department of the Treasury, Trade Compliance and Facilitation, Office
of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1684
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-AB59
_______________________________________________________________________
2302. <bullet> EXTENSION OF IMPORT RESTRICTIONS IMPOSED ON
ARCHAEOLOGICAL MATERIAL ORIGINATING IN ITALY AND REPRESENTING THE PRE-
CLASSICAL, CLASSICAL, AND IMPERIAL ROMAN PERIODS
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 to indicate the extension of the import
restrictions that were imposed by Treasury Decision 01-06 on certain
archaeological material originating in Italy and representing the pre-
Classical, Classical, and Imperial Roman periods of its cultural
heritage, ranging in date from approximately the 9th century B.C.
through approximately the 4th century A.D. The restrictions will remain
in effect for an additional 5 years.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    01/19/06                     71 FR 3000
Final Action Effective          01/19/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Michael Craig, Chief, Other Government Agency Branch,
Department of the Treasury, Trade Compliance and Facilitation, Office
of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1684
George F. McCray, Chief, IPR & Restricted Merchandise Branch,
Department of the Treasury, Office of Regulations and Rulings, 1300
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8709
RIN: 1505-AB63
BILLING CODE 4810--02--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2303. CUSTOMER IDENTIFICATION PROGRAMS FOR PAWN BROKERS
Priority: Substantive, Nonsignificant
Legal Authority: PL 107-56, sec 326
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: This regulation will require pawnbrokers to adopt and
implement reasonable procedures to verify the identity of any person
seeking to open an account, to the extent reasonable and practicable;
maintain records of the information used to verify the person's
identity; and determine whether the person appears on any lists of
known or suspected terrorists or terrorist organizations provided to
them by any Government agency.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
[[Page 23075]]
Email: cynthia.clark@fincen.gov
RIN: 1506-AA39
_______________________________________________________________________
2304. <bullet> PROVISION OF BANKING SERVICES TO MONEY SERVICES
BUSINESSES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 31 USC P L 107-56 Bank Secrecy Act
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: We are issuing this advance notice of proposed rulemaking
(``Advance Notice'') as a part of our ongoing effort to address, in the
context of the Bank Secrecy Act, the issue of access to banking
services by money services businesses. Both the banking industry and
the money service business industry have expressed concerns with regard
to the impact of Bank Secrecy Act regulations on the ability of money
service businesses to open and maintain accounts and obtain other
financial services at banks and other depository institutions. Due to
the concerns about the effect of regulatory requirements on the
provision of banking services to money services businesses, we, through
the Non-Bank Financial Institutions and the Examinations subcommittees
of the Bank Secrecy Act Advisory Group, held a fact-finding meeting on
March 8, 2005, to hear directly from banks, other depository
institutions, and money services businesses concerning the challenges
that they face on this issue
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
URL For Public Comments:
regcomments@fincen.gov
Agency Contact: Cynthia Clark, Deputy Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, PO Box 39, Vienna, VA
20120
Phone: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA85
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2305. CUSTOMER IDENTIFICATION PROGRAMS FOR TRAVEL AGENTS
Priority: Substantive, Nonsignificant
Legal Authority: PL 107-56, sec 326
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: This regulation will require travel agents to adopt and
implement reasonable procedures to verify the identity of any person
seeking to open an account, to the extent reasonable and practicable;
maintain records of the information used to verify the person's
identity; and determine whether the person appears on any lists of
known or suspected terrorists or terrorist organizations provided to
them by any Government agency.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           02/24/03                     68 FR 8571
ANPRM Comment Period End        04/10/03
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
URL For Public Comments:
regcomments@fincen.gov
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA38
_______________________________________________________________________
2306. 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                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA40
_______________________________________________________________________
2307. 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
[[Page 23076]]
ANPRM Comment Period End        04/10/03
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
URL For Public Comments:
regcomments@fincen.gov
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA41
_______________________________________________________________________
2308. 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                            12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
Related RIN: Split from 1506-AA28
RIN: 1506-AA73
_______________________________________________________________________
2309. 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
________________________________________________________________________
ANPRM                           02/24/03                     68 FR 8568
ANPRM Comment Period End        04/10/03
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
Related RIN: Split from 1506-AA28
RIN: 1506-AA80
_______________________________________________________________________
2310. <bullet> AMENDMENTS TO BANK SECRECY ACT REGULATIONS--
CASINO RECORDKEEPING AND REPORTING REQUIREMENTS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 31 USC P L107-56 Bank Secrecy Act
CFR Citation: 31 CFR part 103
Legal Deadline: None
Abstract: FinCEN is proposing to exclude, as reportable transactions in
currency, jackpots from slot machines and video lottery terminals. We
are also proposed to exclude certain transactions between (i) casinos
and currency dealers or exchangers and (ii) casinos and check casher's
as reportable transactions in currency.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
URL For Public Comments:
regcomments@fincen.gov
Agency Contact: Cynthia Clark, Deputy Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, PO Box 39, Vienna, VA
20120
Phone: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA84
[[Page 23077]]
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2311. 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                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA15
_______________________________________________________________________
2312. 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                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
URL For Public Comments:
regcomments@fincen.gov
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA23
_______________________________________________________________________
2313. 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                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA25
_______________________________________________________________________
2314. CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS ASSOCIATIONS,
AND CREDIT UNIONS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5318(l)
CFR Citation: 31 CFR 103.121
Legal Deadline: Final, Statutory, October 25, 2002, Public Law 107-56,
sec 352.
Abstract: This notice of proposed rulemaking proposes to require banks,
savings associations, and credit unions to establish written customer
identification programs.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/23/02                    67 FR 48290
NPRM Comment Period End         09/06/02
NPRM                            05/09/03                    68 FR 25163
Final Rule                      05/09/03                    68 FR 25090
NPRM Comment Period End         06/23/03
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA31
_______________________________________________________________________
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
[[Page 23078]]
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                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
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                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
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                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
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                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
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                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
URL For More Information:
[[Page 23079]]
www.fincen.gov
URL For Public Comments:
regcomments@fincen.gov
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
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                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
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
________________________________________________________________________
Interim Final Rule              04/29/02                    67 FR 21117
Interim Final Rule Comment
Period End                      05/29/02
Final Action                    12/00/06
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 TRAVEL AGENCIES
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5316(h)
CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67
Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.
Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for travel agencies, as defined
in the Bank Secrecy Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/24/03                     68 FR 8571
NPRM Comment Period End         04/10/03
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
Related RIN: Split from 1506-AA28
RIN: 1506-AA69
_______________________________________________________________________
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
________________________________________________________________________
NPRM                            05/05/03                    68 FR 23646
NPRM Comment Period End         07/07/03
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
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
[[Page 23080]]
financial institutions, as defined in the Bank Secrecy Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              04/29/02                    67 FR 21110
Amendment to Interim Final Rule 11/06/02                    67 FR 67547
Interim Final Rule Correction   11/14/02                    67 FR 68935
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
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
________________________________________________________________________
Interim Final Rule              04/29/02                    67 FR 21114
Interim Final Rule Comment
Period End                      05/29/02
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
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
________________________________________________________________________
NPRM                            05/05/03                    68 FR 23640
NPRM Comment Period End         07/07/03
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
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
________________________________________________________________________
Interim Final Rule              04/29/02                    67 FR 21121
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
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
________________________________________________________________________
NPRM                            09/26/02                    67 FR 60617
NPRM Comment Period End         11/25/02
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
Related RIN: Split from 1506-AA28, Previously reported as 1506-AA57
RIN: 1506-AA77
[[Page 23081]]
_______________________________________________________________________
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
________________________________________________________________________
NPRM                            02/21/03                     68 FR 8480
Interim Final Rule Comment
Period End                      05/07/05                    70 FR 33702
Interim Final Rule              06/09/05                    70 FR 33702
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
Related RIN: Split from 1506-AA28
RIN: 1506-AA78
_______________________________________________________________________
2330. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY
LAUNDERING PROGRAMS FOR PERSONS INVOLVED IN REAL ESTATE CLOSINGS AND
SETTLEMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5316(h)
CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67
Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.
Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for persons involved in real
estate closings and settlements, as defined in the Bank Secrecy Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/10/03                    68 FR 17569
NPRM Comment Period End         06/09/03
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
Related RIN: Split from 1506-AA28
RIN: 1506-AA79
_______________________________________________________________________
2331. <bullet> AMENDMENT TO THE BANK SECRECY ACT REGULATIONS-
IMPOSITION OF SPECIAL MEASURE AGAINST BANCO DELTA ASIA SARL
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 31 U.S.C 5318A
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This document will prohibit certain U.S. financial
institutions from maintaining correspondent or payable-through accounts
in the United States for, or on behalf of, a foreign bank determined to
be of primary money laundering concern.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/20/05                    70 FR 55217
Notice                          09/20/05                    70 FR 55214
NPRM Comment Period End         10/25/05
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
URL For Public Comments:
www.regcomments@fincen.gov
Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of
the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,
Vienna, VA 22183
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA83
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2332. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--SPECIAL REPORTING
AND RECORDKEEPING REQUIREMENTS--MONEY SERVICES BUSINESSES (MSBS)
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 103
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/21/97                    62 FR 27909
NPRM Comment Period End         09/30/97
Final Action                     To Be                       Determined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Cynthia L Clark
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA19
[[Page 23082]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2333. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF
AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS
Priority: Info./Admin./Other
CFR Citation: 31 CFR 103
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       02/21/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Cynthia L Clark
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA08
_______________________________________________________________________
2334. DUE DILIGENCE REQUIREMENTS FOR CORRESPONDENT ACCOUNTS AND PRIVATE
BANKING ACCOUNTS
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 103.175 to 103.178
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/04/06                      71 FR 516
Final Rule                      01/04/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA29
_______________________________________________________________________
2335. FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK
SECRECY ACT REGULATIONS REQUIREMENT THAT INSURANCE COMPANIES REPORT
SUSPICIOUS TRANSACTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 103.16
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      11/03/05                    70 FR 66761
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
RIN: 1506-AA36
_______________________________________________________________________
2336. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY
LAUNDERING PROGRAMS FOR INSURANCE COMPANIES
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      11/03/05                    70 FR 66754
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia L Clark
Phone: 703 905-3758
Fax: 703 905-3758
Email: cynthia.clark@fincen.gov
Related RIN: Split from 1506-AA28
RIN: 1506-AA70
BILLING CODE 4810--35--S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2337. 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                            12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Ella White, Program Analyst, Department of the
Treasury, Financial Management Service, 3700 East-West Highway,
Hyattsville, MD 20782
Phone: 202 874-8445
Email: ella.white@fms.treas.gov
RIN: 1510-AA51
[[Page 23083]]
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2338. 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
Direct Final Rule               06/00/06
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, 3700 East-West Highway, Hyattsville, MD 20782
Phone: 202 874-8380
Email: vivian.cooper@fms.treas.gov
RIN: 1510-AA52
_______________________________________________________________________
2339. 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              11/00/06
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, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov
RIN: 1510-AA91
_______________________________________________________________________
2340. 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              10/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Kristine Conrath, Acting Director, Settlement Services
Division, Department of the Treasury, Financial Management Service, 401
14th Street SW., Washington, DC 20227
Phone: 202 874-7019
Email: kristine.conrath@fms.treas.gov
RIN: 1510-AB00
_______________________________________________________________________
2341. 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              10/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Thompson Sawyer, Director, Investment Management
Division, Department of the Treasury, Financial Management Service, 401
14th Street SW., Washington, DC 20227
Phone: 202 874-7150
Email: thompson.sawyer@fms.treas.gov
RIN: 1510-AB01
_______________________________________________________________________
2342. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL
BENEFIT PAYMENTS) TO COLLECT PAST-DUE, LEGALLY ENFORCEABLE NONTAX DEBT-
GRANT PAYMENTS AMENDMENT
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 3716
CFR Citation: 31 CFR 285.5
Legal Deadline: None
Abstract: The Debt Collection Improvement Act of 1996, Public Law
1040134 (April 26, 1996) authorized the offset of Federal payments by
disbursing officials of the United States to collect nontax debt owed
the United States. 31 CFR 285.5 contains rules for conducting these
offsets. This rule will
[[Page 23084]]
provide additional parameters relating to the offset of Federal grant
payments.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              11/00/06
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, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov
RIN: 1510-AB05
_______________________________________________________________________
2343. <bullet> FEDERAL PROCESS AGENTS OF SURETY COMPANIES
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 3906
CFR Citation: 31 CFR 224
Legal Deadline: None
Abstract: Title 31 CFR part 224, which implements 31 USC 9306, governs
the appointment of federal process agents of surety companies. This
revision to 31 CFR part 224 will make the regulation consistent with a
1999 amendment to 31 USC 9306. In addition, this revision will remove
an outdated requirement and update contact information and references.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Direct Final Rule               06/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Rose M Miller, Surety Bond Branch Manager, Department
of the Treasury, Financial Management Service, 3700 East-West Highway,
Hyattsville, MD 20782
Phone: 202 874-6850
Fax: 202 874-9978
Email: rose.miller@fms.treas.gov
RIN: 1510-AB08
_______________________________________________________________________
2344. <bullet> ADMINISTRATIVE OFFSET AND CLAIMS COLLECTION
UNDER RECIPROCAL AGREEMENTS WITH STATES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 31 USC 3716
CFR Citation: 31 CFR 285.6
Legal Deadline: None
Abstract: This rule implements 31 USC 3716(h), which provides for the
administrative offset of Federal payments to collect delinquent debts
owed to States, provided the State has entered into a reciprocal
agreement with the Secretary of the Treasury. This rule will not
address past-due support debts, which are collected pursuant to 31 CFR
285.1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              07/00/06
Regulatory Flexibility Analysis Required: 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, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov
RIN: 1510-AB09
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Financial Management Service (FMS)
_______________________________________________________________________
2345. FOREIGN EXCHANGE OPERATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 281
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       02/08/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Natalie H. Diana
Phone: 202 874-6680
Fax: 202 874-6627
Email: natalie.diana@fms.treas.gov
RIN: 1510-AB03
_______________________________________________________________________
2346. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING HOUSE
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 210
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              11/07/05                    70 FR 67364
Interim Final Rule Comment
Period End                      01/06/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Natalie H. Diana
Phone: 202 874-6680
Fax: 202 874-6627
Email: natalie.diana@fms.treas.gov
RIN: 1510-AB04
_______________________________________________________________________
2347. WITHHOLDING OF DISTRICT OF COLUMBIA, STATE, CITY, AND COUNTY
INCOME OR EMPLOYMENT TAXES BY FEDERAL AGENCIES
Priority: Info./Admin./Other
CFR Citation: 31 CFR 215
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    01/13/06                     71 FR 2149
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal, Local, State
Agency Contact: Marc Seldin
Phone: 202 874-6863
Fax: 202 874-6627
Email: marc.seldin@fms.treas.gov
RIN: 1510-AB06
BILLING CODE 4810--31--S
[[Page 23085]]
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
ALCOHOL
____________________________________________________
2348. PROPOSED REVISIONS TO THE BEER REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 5021 to 5056; 26 USC 5061 to 5064; 26 USC 5091
to 5093; 26 USC 5111 to 5114; 26 USC 5121 to 5123; 26 USC 5401 to 5403;
26 USC 5411 to 5418; . . .
CFR Citation: 27 CFR 25
Legal Deadline: None
Abstract: The Alcohol and Tobacco Tax and Trade Bureau proposes to
revise brewery regulations to reduce the regulatory burden and
streamline regulatory requirements.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: RaMona Hupp, Specialist, Department of the Treasury,
Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street
NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: ramona.hupp@ttb.gov
Related RIN: Related to 1513-AA12
RIN: 1513-AB05
_______________________________________________________________________
2349. USE OF THE WORD ``PURE'' OR ITS VARIANTS IN THE LABELING AND
ADVERTISING OF ALCOHOL BEVERAGES
Priority: Other Significant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7
Legal Deadline: None
Abstract: TTB is considering amending the regulations concerning the
use of the word ``pure'' or its variants in the labeling and
advertising of alcohol beverages. We wish to gather information by
inviting comments from the public and industry as to whether the
existing regulations should be revised.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           12/07/05                    70 FR 72731
ANPRM Comment Period End        02/06/06
Comment Period Extended         04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.gov
RIN: 1513-AB16
_______________________________________________________________________
2350. <bullet> USE OF VARIOUS WINEMAKING TERMS ON WINE LABELS
AND IN ADVERTISEMENTS; REQUEST FOR PUBLIC COMMENT
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4
Legal Deadline: None
Abstract: The Alcohol and Tobacco Tax and Trade Bureau is considering
amending the regulations concerning various winemaking terms commonly
used on labels and in advertisements of wine products to provide the
consumer with information about the growing and/or bottling conditions
of the product. We wish to gather information by inviting comments from
industry members, consumers, and other interested parties as to whether
and to what extent the existing regulations should be revised.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           07/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.gov
RIN: 1513-AB24
_______________________________________________________________________
2351. <bullet> USE OF THE WORDS SCOTCH ALE OR SCOTTISH ALE OR
ITS VARIANTS ON LABELS OR IN ADVERTISING OF MALT BEVERAGE PRODUCTS;
REQUEST FOR PUBLIC COMMENT
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 7.24
Legal Deadline: None
Abstract: TTB is considering whether the terms Scotch Ale and Scottish
Ale by usage and common knowledge have lost their geographical
significance to such an extent that they have become generic.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Notice                          06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury,
Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite
200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: ramona.hupp@ttb.gov
RIN: 1513-AB30
[[Page 23086]]
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
ALCOHOL
____________________________________________________
2352. 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                            10/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Steven C. Simon, Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-9210
Fax: 202 927-8525
Email: steven.simon@ttb.gov
RIN: 1513-AB03
_______________________________________________________________________
2353. LABELING AND ADVERTISING OF WINES, DISTILLED SPIRITS, AND MALT
BEVERAGES
Priority: Other Significant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7
Legal Deadline: None
Abstract: TTB requests public comment on possible changes to the
labeling and advertising requirements of alcohol beverage products
regulated by TTB. TTB has long required certain labeling, such as brand
name, class and type, alcohol content (in the case of wines containing
more than 14 percent alcohol by volume and distilled spirits), net
contents, and in recent years has published updated standards for the
use of carbohydrate and calorie claims. Because of petitions to mandate
additional information, including ingredient, allergen, alcohol,
calorie, and carbohydrate content and requests by some to use labels
with at least some of that additional information on a voluntary basis
under existing rules, TTB believes it is now appropriate to consider
revising the alcohol beverage labeling and advertising regulations, and
seeks public comment on several issues to assist TTB in formulating
specific regulatory proposals.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           04/29/05                    70 FR 22274
ANPRM Comment Period Extended   06/23/05                    70 FR 36359
ANPRM Comment Period End        09/26/05
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,
Morganza, MD 10660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.gov
RIN: 1513-AB07
_______________________________________________________________________
2354. ALLERGEN INGREDIENT LABELING FOR ALCOHOL BEVERAGES
Priority: Substantive, Nonsignificant
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                           04/29/05                    70 FR 22274
ANPRM Comment Period End        09/26/05
NPRM                            04/00/06
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
Related RIN: Related to 1513-AB07
RIN: 1513-AB08
_______________________________________________________________________
2355. ALTERNATING BREWERY PROPRIETORS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 5051; 26 USC 5401
CFR Citation: 27 CFR 25
Legal Deadline: None
Abstract: TTB is establishing guidelines for the establishment of
alternating proprietors at brewery premises. These guidelines will
provide standards for the establishment of an alternating
proprietorship at a brewery premises, and will provide guidelines for
the operations of these premises by separate established brewers. They
will give guidance on operations, taxpayment, recordkeeping, reporting,
and segregation of products made by separate brewers.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury,
Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite
200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: ramona.hupp@ttb.gov
RIN: 1513-AB09
_______________________________________________________________________
2356. PETITION TO ESTABLISH THE OUTER COASTAL PLAIN AMERICAN
VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
[[Page 23087]]
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB received a petition proposing to establish the Outer
Coastal Plain viticultural area in southeast New Jersey. The 2,255,400-
acre area includes all of Cape May, Atlantic, Ocean, and Cumberland
Counties and portions of Salem, Gloucester, Camden, Burlington, and
Monmouth Counties. Currently, the area has 1,227 vineyard acres.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/00/06
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-AB13
_______________________________________________________________________
2357. <bullet> QUARTERLY EXCISE TAX FILING FOR SMALL ALCOHOL
EXCISE TAXPAYERS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 5061 as amended by PL 109-59
CFR Citation: 27 CFR 19; 27 CFR 24; 27 CFR 25; 27 CFR 26; 27 CFR 70; .
. .
Legal Deadline: NPRM, Statutory, January 1, 2006, PL 109-59.
Abstract: Implementation of the quarterly excise tax payment procedure
for small alcohol excise taxpayers contained in section 11127 of Public
Law 109-59, the Safe, Accountable, Flexible, Efficient Transportation
Equity Act: A Legacy for Users, which amended section 5061 of the
Internal Revenue Code of 1986.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary rule with NPRM        02/02/06                     71 FR 5598
Temporary rule effective date   01/01/06
NPRM                            02/02/06                     71 FR 5629
NPRM Comment Period End         04/03/06
Final Rule                      08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: marjorie.ruhf@ttb.gov
RIN: 1513-AB17
_______________________________________________________________________
2358. <bullet> GREEN VALLEY OF RUSSIAN RIVER VALLEY
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Winegrowers and Vintners of Sonoma County's Green Valley
group proposes to rename the ``Sonoma County Green Valley''
viticultural area (27 CFR 9.57) as the ``Green Valley of Russian River
Valley'' viticultural area, with the size and boundaries remaining
unchanged. The group explains the name change is warranted because the
region is commonly referred to as ``Green Valley,'' without the Sonoma
County modifier. They add that the Sonoma County Green Valley
viticultural area is considered as a sub-appellation of the Russian
River Valley viticultural area by virtue of location and similar
climate.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AB18
_______________________________________________________________________
2359. <bullet> LEHIGH VALLEY
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lehigh Valley Wine Trail Appellation Committee proposed
the establishment of the Lehigh Valley viticultural area, which
includes 1,888 square miles and 220 vineyard acres, north of
Philadelphia, in Lehigh, Northampton, Berks, Schuylkill, Carbon, and
Monroe counties in Pennsylvania. Distinguishing features include
climate, soil, and terrain.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AB19
_______________________________________________________________________
2360. <bullet> SWAN CREEK
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: Raffaldini Vineyards submitted a petition to establish the
96,000-acre Swan Creek viticultural area on behalf of the Vineyards of
Swan Creek trade association, a group of vineyards and wineries in
northwest North Carolina. At the time of the petition, the proposed
boundaries of the agricultural and rural area include three wineries
and 75 acres of vineyards. Portions of Wilkes, Yadkin, and Iredell
counties are in the proposed boundaries, as is approximately 60 percent
of the established Yadkin Valley viticultural area (27 CFR 9.174).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/00/06
[[Page 23088]]
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AB20
_______________________________________________________________________
2361. <bullet> SAN FRANCISCO BAY EXPANSION
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: Hestan Vineyards proposes to expand the San Francisco Bay
viticultural area northward into Solano County, California. This
56,280-acre expansion will include two acres of vineyards and portions
of the Carquinez Strait in the City of Vallejo. The distinguishing
features include climate, soil, and terrain.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AB21
_______________________________________________________________________
2362. <bullet> SNAKE RIVER VALLEY
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The wine grape growers of the Snake River Valley in Idaho,
the Idaho Grape Growers and Wine Producers Commission, and the Idaho
Department of Commerce and Labor submitted a petition to establish the
8,263-square mile Snake River Valley viticultural area. The area
includes portions of western Idaho and eastern Oregon. The proposed
boundaries include 15 wineries, 46 vineyards, and 1,107 acres of
commercial vineyard production.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AB22
_______________________________________________________________________
2363. <bullet> PROPOSED EXPANSION OF THE ALEXANDER VALLEY
VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The petitioner proposes to expand the Alexander Valley
viticultural area by 1,300 acres, in a region along Hiatt Road adjacent
to the current diagonal northwestern boundary. The proposed expansion
area, south-southwest of Cloverdale, resembles an east-facing triangle
that joins the diagonal northwestern boundary line. The current
diagonal boundary line divides a vineyard, leaving about 10 acres
outside of the established Alexander Valley viticultural area.
Expansion of the boundary line would correct this vineyard problem and
allow for another vineyard to be included in the viticultural area.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AB23
_______________________________________________________________________
2364. <bullet> PROPOSED ESTABLISHMENT OF THE TULOCAY
VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205(e)
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The petitioner proposes to establish the 11,200-acre Tulocay
viticultural area. The Tulocay region is totally within the established
Napa Valley viticultural area and the larger, multi-county North Coast
viticultural area in California. The distinguishing features of the
proposed viticultural area include a unique microclimate and geography.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AB26
_______________________________________________________________________
2365. <bullet> PROPOSED ESTABLISHMENT OF THE PASO ROBLES
WESTSIDE VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205(e)
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The proposed 179,622-acre Paso Robles Westside viticultural
area is located in California about 30 miles
[[Page 23089]]
inland from the Pacific Ocean and 180 miles south of San Francisco. The
proposed viticultural area is totally within San Luis Obispo County,
the Paso Robles viticultural area, and the multi-county Central Coast
viticultural area. The establishment of the proposed Paso Robles
Westside viticultural area would not affect the existing, larger Paso
Robles viticultural area. Distinguishing features of the proposed Paso
Robles Westside viticultural area include climate, soils, and
topography.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AB27
_______________________________________________________________________
Administrative/Procedures
____________________________________________________
2366. AVAILABILITY OF INFORMATION
Priority: Info./Admin./Other
Legal Authority: 26 USC 6103; 5 USC 552; 5 USC 552(a); 26 USC 301; 26
USC 7805
CFR Citation: 27 CFR 70
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. TTB is also 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
________________________________________________________________________
NPRM                            12/00/06
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, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: jessica.bungard@ttb.gov
RIN: 1513-AA98
_______________________________________________________________________
FIREARMS
____________________________________________________
2367. FIREARMS AND AMMUNITION EXCISE TAXES, CONSIGNMENT SALES OF
IMPORTED ARTICLES
Priority: Other Significant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 4181; 26 USC 4182; 26 USC 4216 to 4219; 26 USC
4221 to 4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020; 26
USC 6021; 26 USC 6061; 26 USC 6071; 26 USC 6081; 26 USC 6091; 26 USC
6101 to 6104; 26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26
USC 6301 to 6303; 26 USC 6311; 26 USC 6402; 26 USC 6404; 26 USC 6416;
26 USC 7502; 26 USC 7805
CFR Citation: 27 CFR 53.121
Legal Deadline: None
Abstract: TTB is amending the regulations relating to the payment of
excise taxes on firearms and ammunition. The proposed amendment will
clarify the tax liability of a domestic consignee who sells imported
firearms or ammunition on behalf of a resident of a foreign country.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
URL For Public Comments:
nprm@ttb.gov
Agency Contact: Karl O. Joedicke, Project Coordinator, Department of
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street
NW., Suite 200E, Washington, DC 20220
Phone: 202 927-7460
Fax: 202 927-8525
Email: karl.joedicke@ttb.gov
RIN: 1513-AB12
_______________________________________________________________________
2368. EXPORTATION OF LIQUORS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 28
Legal Deadline: None
Abstract: TTB proposes the plain language revision of 27 CFR part 28 to
eliminate obsolete or unnecessary rules and forms and streamline export
processing, while providing adequate protection for the revenue.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           09/08/92                    57 FR 40887
ANPRM Comment Period End        10/08/92
ANPRM Comment Period Extended   10/15/92                    57 FR 47320
ANPRM Comment Period Extended
End                             12/07/92
ANPRM                           08/09/96                    61 FR 41500
ANPRM Comment Period End        12/10/96
NPRM                            10/00/06
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
[[Page 23090]]
Fax: 215 333-8871
Email: joanne.brady@ttb.treas.gov
RIN: 1513-AA00
_______________________________________________________________________
2369. DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 5701; 26 USC 5702
CFR Citation: 27 CFR 40; 27 CFR 275
Legal Deadline: None
Abstract: This notice incorporates most of the parts of Industry
Circular 91-3, dated March 19, 1991, entitled ``Large Cigar Taxes On
and After January, 1991'' that have not been placed in the regulations.
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                            11/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC22
Agency Contact: Amy J. Rogers, Management Analyst, 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: amy.rogers@ttb.gov
RIN: 1513-AA16
_______________________________________________________________________
2370. 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 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                            12/00/06
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, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: daniel.hiland@ttb.gov
RIN: 1513-AA23
_______________________________________________________________________
2371. PROPOSED ADDITION OF NEW GRAPE VARIETY NAMES FOR AMERICAN WINES
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4
Legal Deadline: None
Abstract: TTB has received petitions proposing to add several names to
the list of grape variety names used to designate American wines.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/00/06
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
_______________________________________________________________________
2372. PETITION TO ESTABLISH ``SANTA MARIA BENCH'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB received a petition from Cambria Winery and Vineyard
proposing to establish the ``Santa Maria Bench'' viticultural area in
Santa Barbara County, California. The petitioned viticultural area has
4,130 acres, with 1,754 acres planted to wine grapes, and is within the
established Santa Maria and the Central Coast viticultural areas.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC93
Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury,
Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite
200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: ramona.hupp@ttb.gov
RIN: 1513-AA51
_______________________________________________________________________
2373. <bullet> FORM TTB F 5110.51, FORMULA AND PROCESS FOR
DOMESTIC AND IMPORTED ALCOHOL BEVERAGES
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205; 26 USC 5222 to 26 USC 5223; 26 USC 5232;
26 USC 5386; 26 USC 5401; 26 USC 5555
[[Page 23091]]
CFR Citation: 27 CFR 5; 27 CFR 7; 27 CFR 19; 27 CFR 24; 27 CFR 25; 27
CFR 26
Legal Deadline: None
Abstract: This project replaces existing forms used for the submission
of formulas for wine and distilled spirits with a single, new form, TTB
F 5110.51, Formula and Process for Domestic and Imported Alcohol
Beverages, to be used by all producers and importers of alcohol
beverages. This new form also replaces the existing statement of
process or letterhead formulas used for submission of beer formulas.
Use of this new form will allow all alcohol beverage producers to use
the same form and submit the same information for the production and
importation of any kind of alcohol beverage.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: James R. Neely, Specialist, Department of the Treasury,
Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street, NW, Room 400W,
Washington, DC 20220
Phone: 202 927-0120
Fax: 202 921-1840
Email: james.neely@ttb.gov
Amy J. Rogers, Management Analyst, 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: amy.rogers@ttb.gov
RIN: 1513-AB28
_______________________________________________________________________
2374. <bullet> PROPOSED MODIFICATION OF VINTAGE DATE
REQUIREMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4.27
Legal Deadline: None
Abstract: TTB is considering a modification of the vintage date rules.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: marjorie.ruhf@ttb.gov
RIN: 1513-AB29
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
ALCOHOL
____________________________________________________
2375. NEW CERTIFICATION REQUIREMENTS FOR IMPORTED WINE
Priority: Substantive, Nonsignificant
Legal Authority: PL 108-429, sec 202
CFR Citation: 27 CFR 4; 27 CFR 24; 27 CFR 27
Legal Deadline: None
Abstract: TTB is amending the wine regulations to implement new
certification requirements for imported wine required by the
Miscellaneous Trade and Technical Corrections Act of 2004.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/24/05                    70 FR 49516
Interim Final Rule              08/24/05                    70 FR 49479
Interim Final Rule Effective    08/24/05
Final Rule                      09/00/06
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
_______________________________________________________________________
2376. PETITION TO ESTABLISH SAN ANTONIO VALLEY AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB has received a petition proposing ``San Antonio Valley''
as a new American viticultural area in California.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/19/05                    70 FR 28865
NPRM Comment Period End         07/18/05
Final Rule                      05/00/06
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
_______________________________________________________________________
2377. PROPOSED CHANGE TO VINTAGE DATE REQUIREMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4.27
Legal Deadline: None
[[Page 23092]]
Abstract: TTB received a petition to change the vintage date
requirements in the wine regulations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/01/05                    70 FR 38058
NPRM Comment Period End         08/30/05
Final Rule                      04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: marjorie.ruhf@ttb.gov
RIN: 1513-AB11
_______________________________________________________________________
2378. PETITION TO ESTABLISH THE RATTLESNAKE HILLS AMERICAN VITICULTURAL
AREA
Priority: Routine and Frequent
Legal Authority: 27 U.S.C. 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The proposed 68,500-acre Rattlesnake Hills viticultural area
is located in the south, central region of Washington State.
Distinguishing features include topography, soils, and climate. There
are currently 1,227 acres of vineyards in commercial production.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/01/05                    70 FR 31396
NPRM Comment Period End         08/01/05
Final Rule                      08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AB14
_______________________________________________________________________
2379. PETITION TO ESTABLISH THE SADDLE ROCK-MALIBU AMERICAN VITICULTURAL
AREA
Priority: Routine and Frequent
Legal Authority: 27 U.S.C. 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The proposed 2,090-acre Saddle Rock-Malibu viticultural area
is in Malibu County in southern California. The distinguishing features
include high elevations, and its location and orientation within the
Santa Monica Mountains that limit its marine layer exposure. As
compared to some of the neighboring areas with more marine influence,
the Saddle Rock-Malibu area receives more solar radiation and heat
during the growing season.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/10/06                     71 FR 1500
NPRM Comment Period End         03/13/06
Final Rule                      12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AB15
_______________________________________________________________________
Administrative/Procedures
____________________________________________________
2380. 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 Rule                      06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.gov
RIN: 1513-AA80
[[Page 23093]]
_______________________________________________________________________
FIREARMS
____________________________________________________
2381. <bullet> FIREARMS EXCISE TAX; EXEMPTION FOR SMALL
MANUFACTURERS, PRODUCERS, AND IMPORTERS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 4181; 26 USC 4182; 26 USC 4216 to 4219; 26 USC
4221 to 4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020; 26
USC 6021; 26 USC 6071; 26 USC 6081; 26 USC 6091; 26 USC 6101 to 6104;
26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26 USC 6301 to
6303; 26 USC 6311; 26 USC 6402; 26 USC 6404; 26 USC 6416; 26 USC 7502;
26 USC 7805
CFR Citation: 27 CFR 53.62
Legal Deadline: None
Abstract: This final rule amends the regulations administered by the
Alcohol and Tobacco Tax and Trade Bureau to reflect the small
manufacturers excise tax exemption contained in section 5241 of the
Safe, Accountable, Flexible, Efficient Transportation Equity Act: A
Legacy for Users. Section 5241 of this Act amended section 4182 of the
Internal Revenue Code of 1986 to exempt any pistol, revolver, or
firearm from the tax imposed by section 4181 if it was manufactured,
produced, or imported by a person who manufactures, produces, or
imports less than an aggregate of 50 such articles during the calendar
year.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Rule                      04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Karl O. Joedicke, Project Coordinator, Department of
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street
NW., Suite 200E, Washington, DC 20220
Phone: 202 927-7460
Fax: 202 927-8525
Email: karl.joedicke@ttb.gov
RIN: 1513-AB25
_______________________________________________________________________
2382. 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: None
Abstract: These regulations will implement section 9302 provisions of
Public Law 105-33, requiring permits for businesses engaged in
importing tobacco products. Also, minor technical amendments have been
included in this rule.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/22/99                    64 FR 71955
NPRM Comment Period End         02/22/00
Interim Final Rule              12/22/99                    64 FR 71947
Interim Final Rule Effective    01/01/00
Interim Final Rule Comment
Period End                      05/03/00                    65 FR 17477
Final Rule                      01/00/07
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC07
Agency Contact: Linda W. Chapman, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW.,
Suite 200E, Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: linda.chapman@ttb.gov
RIN: 1513-AA10
_______________________________________________________________________
2383. PROPOSAL TO RECOGNIZE SYNONYMS FOR PETITE SIRAH AND ZINFANDEL
GRAPE VARIETIES
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4
Legal Deadline: None
Abstract: TTB is proposing to amend the list of prime grape names for
American wines to recognize the name ``Durif'' as a synonym for the
Petite Sirah grape and to recognize the name ``Primitivo'' as a synonym
for the Zinfandel grape. This is in response to the result of recent
DNA research into the identity of these grape varieties.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/10/02                    67 FR 17312
NPRM Comment Period Extended    06/06/02                    67 FR 38915
NPRM Comment Period End         10/08/02
Final Rule                      09/00/06
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
_______________________________________________________________________
2384. PETITION TO ESTABLISH ``EOLA HILLS'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB has received a petition proposing the establishment of
``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 Rule                      07/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
[[Page 23094]]
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
_______________________________________________________________________
2385. ORGANIC CLAIMS IN LABELING AND ADVERTISING OF ALCOHOL BEVERAGES
Priority: Info./Admin./Other
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7; 27 CFR 13
Legal Deadline: None
Abstract: TTB amended its alcohol beverage labeling rules to cross-
reference the U.S. Department of Agriculture's National Organic Program
(NOP) rules. The mandatory compliance date for the NOP rules was
October 21, 2002. TTB requested comments on the temporary rule in an
associated notice of proposed rulemaking.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/08/02                    67 FR 62860
Temporary Rule                  10/08/02                    67 FR 62856
NPRM Comment Period Reopened    12/27/02                    67 FR 79011
NPRM Comment Period Reopened    05/09/03                    68 FR 24903
Final Rule                      08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC87
Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: marjorie.ruhf@ttb.gov
RIN: 1513-AA46
_______________________________________________________________________
2386. PETITION TO EXPAND THE LIVERMORE VALLEY VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB received a petition proposing to expand the boundaries of
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 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                            05/19/05                    70 FR 28873
NPRM Comment Period End         07/18/05
Final Rule                      10/00/06
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
_______________________________________________________________________
2387. SAN FRANCISCO BAY AND CENTRAL COAST VITICULTURAL AREAS--BOUNDARY
REALIGNMENT/EXPANSION
Priority: Routine and Frequent
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 includes expansion of the Livermore
Valley American viticultural area. All three will be published
together.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/19/05                    70 FR 28870
NPRM Comment Period End         07/18/05
Final Rule                      10/00/06
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
_______________________________________________________________________
2388. PETITION TO ESTABLISH ``CHEHALEM MOUNTAINS'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB has received a petition proposing the establishment of
the ``Chehalem Mountains'' viticultural area located in Yamhill,
Washington, and Clackamas Counties, Oregon. 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 Rule                      12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AD02
[[Page 23095]]
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA57
_______________________________________________________________________
2389. LABELING AND ADVERTISING OF MALT BEVERAGES
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 7
Legal Deadline: None
Abstract: This project revises malt beverage labeling and advertising
regulations in plain language, and updates titles and definitions to
reflect the status of TTB. This revision makes no substantive changes
to 27 CFR part 7.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/27/02                    67 FR 43496
NPRM Comment Period End         08/26/02
NPRM Comment Period Extended    08/27/02                    67 FR 54388
Comment Period Extended End     09/25/02
Final Rule                      04/00/06
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: Ramona L. Hupp, Specialist, Department of the Treasury,
Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite
200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: ramona.hupp@ttb.gov
RIN: 1513-AA60
_______________________________________________________________________
2390. PETITION TO ESTABLISH THE ``FORT ROSS SEAVIEW'' VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The proposed 27,500-acre Fort Ross-Seaview viticultural area
is in the North Coast and Sonoma Coast viticultural areas. It is
approximately 65 miles north-northwest from San Francisco, close to the
Pacific coastline. A significant distinguishing factor of the
viticultural area, based on its 920-foot and 1,800-foot elevations, is
the sunny and warm growing season that contrasts to the surrounding
foggy and cooler lower elevations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/12/05                    70 FR 25000
NPRM Comment Period End         06/08/05
Final Rule                      12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA64
_______________________________________________________________________
2391. PETITION TO ESTABLISH THE ``SHAWNEE HILLS'' VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205(e)
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB requests comments concerning the proposed establishment
of the ``Shawnee Hills'' viticultural area in southern Illinois. The
proposed Shawnee Hills viticultural area is approximately 80 miles long
from the Ohio River on the east to the Mississippi River on the west,
and approximately 20 miles wide from north to south. Approximately 160
acres are planted with wine varietals.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/08/05                    70 FR 17940
NPRM Comment Period End         06/07/05
Final Rule                      08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Rita D. Butler, Specialist, Department of the Treasury,
Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Room 200E,
Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: rita.butler@ttb.gov
RIN: 1513-AA70
_______________________________________________________________________
2392. PROPOSED AMENDED BOUNDARIES FOR THE SANTA LUCIA HIGHLANDS AND THE
ARROYO SECO VITICULTURAL AREA
Priority: Routine and Frequent
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.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/24/05                     70 FR 3333
NPRM Comment Period End         03/25/05
Other/Comment Period Extended   03/08/05                    70 FR 11178
Other/Comment Period End        05/25/05
Final Rule                      08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA72
[[Page 23096]]
_______________________________________________________________________
2393. PROPOSED ESTABLISHMENT OF ALTA MESA VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas 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 Steering Committee is petitioning
for seven new viticultural areas within the original Lodi viticultural
area boundaries.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/15/05                    70 FR 47740
NPRM Comment Period End         10/14/05
Final Rule                      08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA82
_______________________________________________________________________
2394. PROPOSED ESTABLISHMENT OF THE COSUMNES RIVER VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas 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 Steering
Committee is petitioning for seven new viticultural areas within the
original Lodi viticultural area boundaries.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/15/05                    70 FR 47770
NPRM Comment Period End         10/14/05                    70 FR 47740
Final Rule                      08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA83
_______________________________________________________________________
2395. PROPOSED ESTABLISHMENT OF SLOUGHHOUSE VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas 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 Steering Committee is petitioning
for seven new viticultural areas within the original Lodi viticultural
area boundaries.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/15/05                    70 FR 47740
NPRM Comment Period End         10/14/05
Final Rule                      08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA84
_______________________________________________________________________
2396. PROPOSED ESTABLISHMENT OF MOKELUMNE RIVER VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas 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 features of the area include
the alluvial fan with its topography and geology in contrast to the
surrounding areas, and the cool, breezy climate. The Steering Committee
is petitioning for seven new viticultural areas within the original
Lodi viticultural area boundaries.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/15/05                    70 FR 47740
NPRM Comment Period End         10/14/05
Final Rule                      08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA85
_______________________________________________________________________
2397. PROPOSED ESTABLISHMENT OF JAHANT VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
[[Page 23097]]
Abstract: The Lodi American Viticultural Areas 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 Steering Committee is petitioning for
seven new viticultural areas within the original Lodi viticultural area
boundaries.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/15/05                    70 FR 47740
NPRM Comment Period End         10/14/05
Final Rule                      08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA86
_______________________________________________________________________
2398. PROPOSED ESTABLISHMENT OF BORDEN RANCH VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas 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
Steering Committee is petitioning for seven new viticultural areas
within the original Lodi viticultural area boundaries.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/15/05                    70 FR 47740
NPRM Comment Period End         10/14/05
Final Rule                      08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA87
_______________________________________________________________________
2399. PROPOSED ESTABLISHMENT OF CLEMENTS HILLS VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas 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 Steering Committee is petitioning
for seven new viticultural areas within the original Lodi viticultural
area boundaries.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/15/05                    70 FR 47740
NPRM Comment Period End         10/14/05
Final Rule                      08/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA88
_______________________________________________________________________
2400. PROPOSED ESTABLISHMENT OF TRACY HILLS VITICULTURAL AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Alcohol and Tobacco Tax and Trade Bureau proposes to
establish the 39,200-acre Tracy Hills viticultural area in San Joaquin
and Stanislaus Counties, California, approximately 55 miles east-
southeast of San Francisco. The sloping hillside topography includes
streams and alluvial fans and plains. The distinguishing climatic
features of the proposed area include limited rainfall and persistent
winds, along with sparse fog, frost, and dew.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/07/05                    70 FR 72733
NPRM Comment Period End         02/06/06
Final Rule                      12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA89
_______________________________________________________________________
2401. PROPOSED ESTABLISHMENT OF COVELO VITICULTURAL AREA
Priority: Routine and Frequent
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
[[Page 23098]]
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 orientations, commonly found in Mendocino County. Also, it has a
short grape-growing season when compared to other Mendocino County
viticultural areas.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/02/05                     70 FR 5393
NPRM Comment Period End         04/04/05
Final Rule                      05/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA90
_______________________________________________________________________
2402. PETITION TO ESTABLISH ``CALISTOGA'' AS AN AMERICAN VITICULTURAL
AREA
Priority: Routine and Frequent
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: In response to a petition, the Alcohol and Tobacco Tax and
Trade Bureau proposed to establish the Calistoga viticultural area in
Calistoga, Napa Valley, California. We designate viticultural areas to
allow bottlers to better describe the origin of wines and allow
consumers to better identify the wines they may purchase. We invited
comments on this proposed addition to our regulations, particularly
from bottlers who use brand names similar to Calistoga.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/31/05                    70 FR 16451
NPRM Comment Period End         05/31/05
Final Rule                      06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.gov
RIN: 1513-AA92
_______________________________________________________________________
2403. 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 Rule                      09/00/06
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
_______________________________________________________________________
2404. SUSPENSION OF SPECIAL (OCCUPATIONAL) TAX
Priority: Substantive, Nonsignificant
Legal Authority: PL 108-357, sec 246; 26 USC 5148
CFR Citation: 27 CFR 17; 27 CFR 19; 27 CFR 24 to 27; 27 CFR 194
Legal Deadline: Final, Statutory, July 1, 2005, Section 246 of the
American Jobs Creation Act of 2004.
Abstract: Implements section 246 of the American Jobs Creation Act of
2004 (Pub. L. 208-357), which provides that for the 3-year period from
July 1, 2005, through June 30, 2008, the rate of special (occupational)
tax on certain specified occupations shall be zero.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              10/31/05                    70 FR 62238
Interim Final Rule Effective    07/01/05
NPRM                            10/31/05                    70 FR 62258
NPRM Comment Period End         12/30/05
Final Rule                      06/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Steven C. Simon, Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: steven.simon@ttb.gov
RIN: 1513-AB04
[[Page 23099]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
ALCOHOL
____________________________________________________
2405. PROHIBITION OF ALCOHOL BEVERAGE CONTAINERS AND STANDARD OF FILL
FOR DISTILLED SPIRITS AND WINE
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/09/99                     64 FR 6486
NPRM Comment Period End         04/12/99
Revised NPRM-Aggregate Packaging04/00/07
Revised NPRM-Deceptive Packaging04/00/07
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Lisa M. Gesser
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.gov
RIN: 1513-AA07
_______________________________________________________________________
TOBACCO PRODUCTS
____________________________________________________
2406. REMOVAL OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES,
WITHOUT PAYMENT OF TAX, FOR USE BY THE UNITED STATES IN LAW ENFORCEMENT
ACTIVITIES
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 45.31
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              04/15/05                    70 FR 19888
Interim Final Rule Effective    04/15/05
Interim Final Rule Comment
Period End                      06/15/05
Final Rule                      12/00/07
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda W. Chapman
Phone: 202 927-8210
Fax: 202 927-8525
Email: linda.chapman@ttb.gov
RIN: 1513-AA99
_______________________________________________________________________
2407. 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
_______________________________________________________________________
2408. 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
_______________________________________________________________________
2409. 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
_______________________________________________________________________
2410. TAX-PAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT
FOR BEVERAGE USE
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 17
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/07
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda W. Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: linda.chapman@ttb.gov
RIN: 1513-AA37
[[Page 23100]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
2411. WAHLUKE SLOPE VITICULTURAL AREA
Priority: Routine and Frequent
CFR Citation: 27 CFR 9
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      12/07/05                    70 FR 72707
Final Rule Effective            01/06/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton
Phone: 415 271-1254
Fax: 707-778-6349
Email: nancy.sutton@ttb.gov
RIN: 1513-AB01
_______________________________________________________________________
2412. 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
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       02/10/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Linda W. Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: linda.chapman@ttb.gov
RIN: 1513-AA14
_______________________________________________________________________
2413. REGULATORY CHANGES FROM CUSTOMS SERVICE FINAL RULE
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 44
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       02/10/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda W. Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: linda.chapman@ttb.gov
RIN: 1513-AA26
_______________________________________________________________________
2414. SHIPMENTS OF TOBACCO PRODUCTS OR CIGARETTE PAPERS OR TUBES WITHOUT
PAYMENT OF TAX
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 40; 27 CFR 275
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       02/10/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda W. Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: linda.chapman@ttb.gov
RIN: 1513-AA27
_______________________________________________________________________
2415. PROPOSED RED HILL DOUGLAS COUNTY, OREGON AMERICAN VITICULTURAL
AREA
Priority: Routine and Frequent
CFR Citation: 27 CFR 9
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      10/14/05                    70 FR 59996
Final Rule Effective            11/14/05
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-AA39
_______________________________________________________________________
2416. MARKS, LABELS, NOTICES, AND BONDS FOR, AND REMOVAL OF, TOBACCO
PRODUCTS, AND CIGARETTE PAPERS AND TUBES
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 40; 27 CFR 275
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       02/10/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda W. Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: linda.chapman@ttb.gov
RIN: 1513-AA49
_______________________________________________________________________
2417. IN-TRANSIT STOPS OF TOBACCO PRODUCTS, AND CIGARETTE PAPERS AND
TUBES WITHOUT PAYMENT OF TAX
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 40; 27 CFR 44
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       02/10/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda W. Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: linda.chapman@ttb.gov
RIN: 1513-AA52
_______________________________________________________________________
2418. PETITION NO. 2 TO EXPAND THE RUSSIAN RIVER VALLEY VITICULTURAL
AREA
Priority: Routine and Frequent
CFR Citation: 27 CFR 9
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      09/08/05                    70 FR 53297
Final Rule Effective            10/11/05
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: Related to 1513-AA68
RIN: 1513-AA67
_______________________________________________________________________
2419. PETITION TO ESTABLISH ``TEXOMA'' AS A VITICULTURAL AREA
Priority: Routine and Frequent
CFR Citation: 27 CFR 9
[[Page 23101]]
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      12/07/05                    70 FR 72713
Final Rule Effective            01/06/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jennifer Berry
Phone: 540 344-9333
Fax: 540 344-5855
Email: jennifer.berry@ttb.gov
RIN: 1513-AA77
_______________________________________________________________________
2420. RAMONA VALLEY VITICULTURAL AREA
Priority: Routine and Frequent
CFR Citation: 27 CFR 9
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      12/07/05                    70 FR 72717
Final Rule Effective            01/06/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA94
_______________________________________________________________________
2421. DOS RIOS VITICULTURAL AREA
Priority: Routine and Frequent
CFR Citation: 27 CFR 9
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      10/14/05                    70 FR 59993
Final Rule Effective            11/14/05
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-AA95
_______________________________________________________________________
2422. NIAGARA ESCARPMENT VITICULTURAL AREA
Priority: Routine and Frequent
CFR Citation: 27 CFR 9
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      09/08/05                    70 FR 53300
Final Rule Effective            10/11/05
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-AA97
BILLING CODE 4810--33--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2423. ACCURACY AND INTEGRITY OF INFORMATION FURNISHED TO A CONSUMER
REPORTING AGENCY
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12
USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC
1681s; 15 USC 1681s-2; 15 USC 1681w; 15 USC 6801; 15 USC 6805
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: OCC, along with the Board of Governors of the Federal Reserve
System, the Federal Deposit Insurance Corporation, the Office of Thrift
Supervision, the National Credit Union Administration, and the Federal
Trade Commission, has jointly issued an advance notice of proposed
rulemaking, section 312 of the FACT Act relating to the accuracy and
integrity of the information furnished to a consumer reporting agency
and the ability of consumers to dispute information directly with
persons that furnish information to a consumer reporting agency.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           03/22/06                    71 FR 14419
ANPRM Comment Period End        05/22/06
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-AC89
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2424. REGULATORY BURDEN REDUCTION AND TECHNICAL AMENDMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 5 USC 504; 5 USC 552; 5 USC 554 to 557; 12
USC 1 et seq.; 12 USC 24; 12 USC 24a; 12 USC 71; 12 USC 71a; 12 USC 84;
12 USC 92 to 92a; 12 USC 93 to 93a; 12 USC 161; 12 USC 164; 12 USC
215a-2; 12 USC 215a-3; 12 USC 375a to 375b; 12 USC 481 to 482; 12 USC
484; 12 USC 505; 12 USC 1442; 12 USC 1817 to 1818; 12 USC 1820 to 1821;
12 USC 1831m; 12 USC 1831p-1; 12 USC 1831o; 12 USC 1833e; 12 USC 1867;
12 USC 1951 et seq.; 12 USC 1972; 12 USC 2601 et seq.; 12 USC 2801 et
seq.; 12 USC 2901 et seq.; 12 USC 3101 et seq.; 12 USC 3102; 12 USC
[[Page 23102]]
3108; 12 USC 3401 et seq.; 12 USC 3909; 12 USC 4717; 15 USC 77uu; 15
USC 78; 15 USC 78o-4; 15 USC 78o-5; 15 USC 78q; 15 USC 78q-1; 15 USC
78s; 15 USC 78u-2; 15 USC 78u-3; 15 USC 78w; 18 USC 641; 18 USC 1905-
1906; 28 USC 2461 note; 29 USC 1204; 31 USC 330; 31 USC 5321; 31 USC
9701; 42 USC 3601; 42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC
4106; 42 USC 4128; 44 USC 3506; 44 USC 3510
CFR Citation: 12 CFR 1 to 5; 12 CFR 7; 12 CFR 9 to 11; 12 CFR 16; 12
CFR 19; 12 CFR 21; 12 CFR 22 to 23; 12 CFR 26 to 28; 12 CFR 31 to 32;
12 CFR 37; 12 CFR 40
Legal Deadline: None
Abstract: This rulemaking would revise the OCC's rules in order to
reduce regulatory burden and make technical, clarifying, and conforming
changes. The revisions would update part 1 to codify recent OCC
precedents and clarify current requirements, make technical changes to
parts 4 and 5 to reflect the OCC's recent organizational restructuring;
simplify, clarify, and make conforming and technical corrections to the
OCC's corporate application procedures and standards in part 5; conform
parts 5, 23, 31 and 32 to the Federal Reserve Board's Regulation W;
revise part 7 to clarify and expand the scope of a national bank's
authority to act as a guarantor or surety; to update and clarify
national bank authority to engage in electronic activities; conform
part 9 to regulations adopted by the Securities and Exchange
Commission; streamline certain requirements under part 16; update and
make technical corrections to part 37; and amend various parts of title
12 to remove OCC authority over District of Columbia-chartered banks
pursuant to the 2004 District of Columbia Omnibus Authorization Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/00/06
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
_______________________________________________________________________
2425. 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                            05/00/06
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
_______________________________________________________________________
2426. 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 framework for the 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                            05/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
[[Page 23103]]
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
_______________________________________________________________________
2427. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES;
CAPITAL MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS
Priority: Other Significant
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 the
capital standards to enhance their risk sensitivity and ensure the
safety and soundness of the national banking system, 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                           10/20/05                    70 FR 61068
ANPRM Comment Period End        01/18/06
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
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
_______________________________________________________________________
2428. <bullet> RISK-BASED CAPITAL STANDARDS: MARKET RISK
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 U.S.C. 1 et seq; 12 U.S.C. 93a; 12 U.S.C. 161; 12
U.S.C. 1818; 12 U.S.C. 3907; 12 U.S.C. 3909
CFR Citation: 12 CFR 3
Legal Deadline: None
Abstract: As part of the ongoing effort to implement the Basel II
capital framework, the OCC is proposing to amend the current market
risk capital requirements for national banks. See the International
Convergence of Capital Measurement and Capital Standards: A Revised
Framework (June 2004) and the Application of Basel II to Treading
Activities and the Treatment of Double Default (April 2005). This
proposal is part of a joint Agency notice of proposed rule with the
other Federal Banking Agencies to make the current market risk capital
requirements generally more risk sensitive with respect to the capital
treatment of trading activities in banks and bank holding companies.
Specifically, the Federal Banking Agencies propose to require banks to
hold additional capital for the risk of default of trading positions
beyond the 10-day horizon currently required by the current market risk
capital requirement. A bank may develop its own approach or use an
approach similar to that for credit risk of its non-trading positions
to calculate the capital charge.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/00/06
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
RIN: 1557-AC99
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2429. FAIR CREDIT REPORTING: AFFILIATE MARKETING REGULATIONS
Priority: Other Significant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12
USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC
1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805; PL 108-159
CFR Citation: 12 CFR 41
Legal Deadline: Other, Statutory, September 4, 2004, See section 214 of
the FACT Act, PL 108-159.
Abstract: OCC plans to issue a rulemaking that would implement the
affiliate-sharing provisions of section 214 of the Fair and Accurate
Credit Transactions Act (FACT Act). The regulation would implement the
consumer notice and opt-out provisions of the FACT Act regarding the
sharing of consumer information among affiliates for marketing
purposes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/15/04                    69 FR 42502
Final Action                    06/00/06
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
[[Page 23104]]
_______________________________________________________________________
2430. ASSESSMENT OF FEES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 93a; 12 USC 481; 12 USC 482; 12 USC 1867; 12
USC 3102; 12 USC 3108; 15 USC 78c; 15 USC 78l
CFR Citation: 12 CFR 8
Legal Deadline: None
Abstract: OCC is planning to issue a final rule to revise the current
process of assessment invoicing in part 8. Under the rule, OCC, rather
than each national bank, will calculate the semiannual assessment fee.
The fee will be due by March 31 and September 30 of each year, 2 months
later than under the current system. OCC will notify each national bank
of the amount of its assessment and will automatically deduct that
amount from each bank's designated bank account on the payment due
date. The rule makes no changes to the method of calculating the
assessments.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              11/17/05                    70 FR 69641
Interim Final Rule Comment
Period End                      12/19/05
Final Action                    05/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jean Campbell, 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: jean.campbell@occ.treas.gov
RIN: 1557-AC96
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2431. RECORDKEEPING REQUIREMENTS FOR BANK EXCEPTIONS FROM SECURITIES
BROKER OR DEALER REGISTRATION
Priority: Substantive, Nonsignificant
CFR Citation: Not Yet Determined
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                             To Be                       Determined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Stuart E. Feldstein
Phone: 202 874-5090
Fax: 202 874-4889
Email: stuart.feldstein@occ.treas.gov
RIN: 1557-AB93
_______________________________________________________________________
2432. 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
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2433. FAIR CREDIT REPORTING: USE OF MEDICAL INFORMATION
Priority: Other Significant
CFR Citation: 12 CFR 41
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    11/22/05                    70 FR 70664
Correction                      12/22/05                    70 FR 75931
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-AC85
_______________________________________________________________________
2434. SECURITIES BORROWING TRANSACTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 3
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    02/22/06                     71 FR 8932
Final Action Effective          02/22/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Ron Shimabukuro
Phone: 202 874-5090
Fax: 202 874-4889
Email: ron.shimabukuro@occ.treas.gov
Related RIN: Split from 1557-AB14
RIN: 1557-AC90
_______________________________________________________________________
2435. ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 4; 12 CFR 19
[[Page 23105]]
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    11/17/05                    70 FR 69633
Final Action Effective          12/17/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Mitchell Plave
Phone: 202 874-5090
Fax: 202 874-4889
Email: mitchell.plave@occ.treas.gov
RIN: 1557-AC94
_______________________________________________________________________
2436. DISTRICT OF COLUMBIA-CHARTERED BANKS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 1-3; 12 CFR 5; 12 CFR 8; 12 CFR 10-11; 12 CFR 16;
12 CFR 19; 12 CFR 21 to 22; 12 CFR 26 to 28; 12 CFR 40
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Merged With 1557-AC79           11/01/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: 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-AC97
_______________________________________________________________________
2437. SECURITIES OFFERING DISCLOSURE RULES; NONPUBLIC OFFERINGS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 16
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Merged With 1557-AC79           11/01/05
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-AC98
BILLING CODE 4830--01--S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2438. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Section 1203 of the Tax Reform Act of 1986 amends section
904(f) by adding paragraph (f)(5) at the end thereof, which requires
that foreign source losses with respect to any income category first
offset a taxpayer's other foreign source income before such losses
offset the taxpayer's U.S. source income. The regulation will provide
rules for the allocation of foreign source losses.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-209044-89 (INTL-338-89)
Drafting attorney: Richard L. Chewning (202) 622-3850
Reviewing attorney: Barbara A. Felker (202) 622-3850
CC:INTL
Agency Contact: Richard L. Chewning, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3850
RIN: 1545-AM11
_______________________________________________________________________
2439. OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 367
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The income tax regulations under section 367(a) will be
amended to reflect the changes made to that section by the Technical
and Miscellaneous Corrections Act of 1988. Section 367(a)(5) now
provides that a transfer of assets to a foreign corporation in an
exchange described in section 361 is subject to section 367(a)(1),
unless certain ownership requirements and other conditions are met. The
regulations will provide guidance regarding the application of this
section. The change in the statute was necessitated by the repeal of
``General Utilities.''
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-209006-89 (INTL-089-89)
Drafting attorney: Milton Cahn (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL
Agency Contact: Milton M. Cahn, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3860
RIN: 1545-AM97
_______________________________________________________________________
2440. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 953
CFR Citation: 26 CFR 1
Legal Deadline: None
[[Page 23106]]
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                            12/00/06
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
_______________________________________________________________________
2441. TAXATION OF GLOBAL TRADING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 864; 26 USC 482; 26 USC 863
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will improve the taxation of global
trading.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           08/28/90                    55 FR 35152
NPRM                            03/06/98                    63 FR 11177
NPRM Comment Period End         06/04/98
Hearing                         07/14/98
Second NPRM                     12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-208299-90 (INTL-70-90)
Drafting attorney: 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
_______________________________________________________________________
2442. 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                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-208265-90 (INTL-102-90)
Drafting attorney: Gregory A. Spring (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL
Agency Contact: Gregory A. Spring, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3870
RIN: 1545-AP10
_______________________________________________________________________
2443. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 414
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations define the term ``highly compensated
employee'' under section 414(q) of the Code. Temporary and proposed
regulations, under sections 414(q) and 414(s), were published February
19, 1988 (53 FR 4965). Final regulations, under section 414(s), were
published September 19, 1991 (56 FR 47659), under project EE-129-86.
The regulations under 414(q) were split off from project EE-129-86. It
is anticipated that proposed regulations under section 414(q) will be
published in the future under project REG-209558-92 (EE-32-92).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/19/88                     53 FR 4999
NPRM Comment Period End         04/19/88
Partially Closed by TD 8548     06/27/94                    59 FR 32911
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Local, State
Federalism:  Undetermined
Additional Information: REG-209558-92
Drafting attorney: Christopher A. Crouch (202) 622-6090
Reviewing attorney: E. Preston Rutledge (202) 622-6090
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC: TEGE
Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
CC: TEGE: EB: QP1, Washington, DC 20224
Phone: 202 622-6090
Fax: 202 927-1851
Email: christopher.a.crouch@ irscounsel.treas.gov
RIN: 1545-AQ74
_______________________________________________________________________
2444. INTEGRATED FINANCIAL TRANSACTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 864
CFR Citation: 26 CFR 1
[[Page 23107]]
Legal Deadline: None
Abstract: The regulation addresses whether funding raised for a
securities dealing and/or trading operation, and whether matched book
sale and repurchase transactions conducted by securities dealers
qualify as integrated financial transactions under section 1.861-10(c).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-209604-93 (INTL-001-93)
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Patricia Brown (202) 622-1781
CC:INTL
Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3870
RIN: 1545-AR20
_______________________________________________________________________
2445. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide attribution rules for foreign
trusts with respect to foreign personal holding companies, foreign
passive investment companies, and controlled foreign corporations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism:  Undetermined
Additional Information: REG-252774-96
Drafting attorney: M. Grace Fleeman (202) 622-3880
Reviewing attorney: Elizabeth Karzon (202) 622-3880
CC:INTL
Agency Contact: M. Grace Fleeman, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3880
RIN: 1545-AU91
_______________________________________________________________________
2446. 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 current regulations are out of
date because the authorizing legislation was subsequently repealed.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-105513-97
Drafting attorney: George Baker (202) 622-4930
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA
Agency Contact: George B. Baker, Branch Chief, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4930
RIN: 1545-AV55
_______________________________________________________________________
2447. RULES FOR SOURCING CERTAIN TRANSPORTATION INCOME, SPACE, OR OCEAN
ACTIVITY INCOME, AND RELATED FOREIGN BASE COMPANY SHIPPING INCOME
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation provides guidance for application of the
source rules for transportation income under section 863(c).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-115557-98
Drafting attorney: 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
_______________________________________________________________________
2448. GUIDANCE ON COST RECOVERY IN THE ENTERTAINMENT INDUSTRY
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to the application of the income
forecast method under section 167(g) of the Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/31/02                    67 FR 38025
Second NPRM                     12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
[[Page 23108]]
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
_______________________________________________________________________
2449. INSPECTION OF WRITTEN DETERMINATIONS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: This regulation amends Treasury Regulation sections 301.6110-
1 through 301.6110-7 relating to written determinations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
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
_______________________________________________________________________
2450. AWARDING OF COSTS AND CERTAIN FEES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 7430
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed amendments to the Treasury Regulations
incorporate the 1997 and 1998 amendments to 26 U.S.C. 7430, relating to
the awarding of attorney's fees in administrative and court
proceedings. The amendments to 26 U.S.C. 7430 were enacted under the
Taxpayer Relief Act of 1997 and the IRS Restructuring and Reform Act of
1998.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-111833-99
Drafting attorney: Tami C. Belouin (202) 622-3847
Reviewing attorneys: Susan T. Mosley (202) 622-7950 and Henry S.
Schneiderman (202) 622-3400
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ
Agency Contact: Tami C. Belouin, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3847
RIN: 1545-AX46
_______________________________________________________________________
2451. HIGHLY COMPENSATED EMPLOYEE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 414
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide the definition of highly
compensated employee.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-111277-99
Drafting attorney: Christopher A. Crouch (202) 622-6090
Reviewing attorney: E. Preston Rutledge (202) 622-6090
CC: TEGE
Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
CC: TEGE: EB: QP1, Washington, DC 20224
Phone: 202 622-6090
Fax: 202 927-1851
Email: christopher.a.crouch@ irscounsel.treas.gov
RIN: 1545-AX48
_______________________________________________________________________
2452. 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                            12/00/06
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
[[Page 23109]]
Treasury attorney: David Ernick (202) 622-1754
CC:INTL
Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-AX78
_______________________________________________________________________
2453. 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                            12/00/06
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
_______________________________________________________________________
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 certain CFCs.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-108523-00
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
CC:INTL
Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-AY30
_______________________________________________________________________
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                            12/00/06
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                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism:  Undetermined
Additional Information: REG-106877-00
Drafting attorney: Tracy D. Perry (202) 622-3860
Reviewing attorney: Thomas D. Beem (202) 622-3860
Treasury attorney: David Ernick (202) 622-1754
CC:INTL
Agency Contact: Tracy D. Perry, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3860
RIN: 1545-AY41
[[Page 23110]]
_______________________________________________________________________
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                            12/00/06
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; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations relate to the assumption of
liabilities in certain corporate transactions under section 357 of the
Internal Revenue Code, and affect corporations and their shareholders.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           05/06/03                    68 FR 23931
NPRM                            12/00/06
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; 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: This proposed rule relates to the disclosure of returns and
return information in judicial and administrative tax proceedings
pursuant to 26 U.S.C. 6103(h)(4).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-120297-01
Drafting attorney: Sarah Tate (202) 622-4570
Reviewing attorney: Donald M. Squires (202) 622-4570
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: DPL
Agency Contact: Sarah Tate, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4570
RIN: 1545-AY89
_______________________________________________________________________
2460. 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                            05/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-107592-00
Drafting attorney: Frances L. Kelly (202) 622-7072
Reviewing attorney: Michael J. Wilder (202) 622-3393
CC: COR
Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7072
Email: frances.l.kelly@irscounsel.treas.gov
Related RIN: Related to 1545-AW30
RIN: 1545-BA11
_______________________________________________________________________
2461. DEDUCTIBILITY OF EMPLOYER CONTRIBUTIONS FOR DEFERRED COMPENSATION
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will update and clarify the general rules
for deductibility of employer contributions to qualified retirement
plans and other deferred compensation arrangements.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
[[Page 23111]]
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
_______________________________________________________________________
2462. SUSPENSION OF STATUTES OF LIMITATION IN JOHN DOE AND THIRD-PARTY
SUMMONS DISPUTES, AND EXPANSION OF TAXPAYERS' RIGHTS TO RECEIVE NOTICE
AND SEEK JUDICIAL REVIEW OF THIRD PARTY SUMMONSES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7603; 26 USC 7609; 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The proposed regulation provides guidance regarding modified
rules for serving summonses on third-party recordkeepers, the broadened
range of summonses subject to the notice requirements, and the
suspension of limitations periods when court actions are brought or
when a summoned third party fails to fully respond to a summons. This
proposed regulation incorporates the changes enacted in the Internal
Revenue Service Restructuring and Reform Act of 1998, Omnibus Budget
Reconciliation Act of 1990, Technical and Miscellaneous Revenue Act of
1988, and the Tax Reform Act of 1986. This regulation is a continuation
of the regulation project previously numbered at REG-208225-88.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-153037-01
Drafting attorney: Elizabeth D. Rawlins (202) 622-3600
Reviewing attorney: Peter J. Devlin (202) 622-3600
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: CBS
Agency Contact: Elizabeth D. Rawlins, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3600
RIN: 1545-BA31
_______________________________________________________________________
2463. ALLOCATION AND APPORTIONMENT RULES: GUIDANCE ON SELECTED ISSUES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 863
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance with respect to the
allocation and apportionment under section 861 of selected deductions,
e.g., disaster losses and research and experimentation expenses.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-128240-01
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
Treasury attorney: John Harrington (202) 622-0589
CC:INTL
Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3850
RIN: 1545-BA64
_______________________________________________________________________
2464. 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                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-131999-02
Drafting attorney: James A. Quinn (202) 622-3070
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
_______________________________________________________________________
2465. SECTION 1248 ATTRIBUTION PRINCIPLES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will address the manner in which earnings and
profits are attributed to shares under sections 1248 and 367.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-135866-02
Drafting attorney: Michael I. Gilman (202) 622-3850
[[Page 23112]]
Reviewing attorney: Richard L. Chewning (202) 622-3850
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL
Agency Contact: Michael I. Gilman, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20024
Phone: 202 622-3850
RIN: 1545-BA93
_______________________________________________________________________
2466. 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                            12/08/05                    70 FR 72954
Hearing                         04/04/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-137243-02
Drafting attorney: Dillon Taylor (202) 622-4940
Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ
Agency Contact: Dillon Taylor, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Room 5127,
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: dillon.j.taylor@irscounsel.treas.gov
RIN: 1545-BA96
_______________________________________________________________________
2467. 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                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-137076-02
Drafting attorney: Taylor Cortright (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: Taylor Cortright, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3130
RIN: 1545-BB04
_______________________________________________________________________
2468. ACCRUAL RULES FOR CREDITABLE FOREIGN TAXES AND GUIDANCE ON CHANGE
IN TAXABLE YEAR
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations will clarify the rules for
determining when a creditable foreign tax accrues and may be claimed as
a credit, and will provide guidance for determining the allowable
foreign tax credit upon a change in the U.S. taxable year.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-144597-02
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Barbara A. Felker (202) 622-3850
CC:INTL
Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3850
RIN: 1545-BB27
_______________________________________________________________________
2469. 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, generally effective retroactively for tax years beginning
after December 31, 2002. These regulations would provide guidance
needed to comply with these changes, including transition rules for
dividends paid by a 10/50 lookthrough corporation.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/00/06
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
[[Page 23113]]
_______________________________________________________________________
2470. 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                            12/00/06
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: Paul Handleman (202) 622-3040
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI
Agency Contact: Jack Malgeri, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3040
RIN: 1545-BB37
_______________________________________________________________________
2471. SUBSTITUTE DIVIDEND PAYMENTS IN SECURITIES LENDING AND SIMILAR
TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 7701; 26 USC 863
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to taxation of cross-border and
foreign-to-foreign substitute dividend payments in securities lending
and similar transactions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Additional Information: REG-130751-01
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: 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
_______________________________________________________________________
2472. LOSS ON SUBSIDIARY STOCK
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 337(d); 26 USC 7805; 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide guidance to corporations that
are members of an affiliated group filing a consolidated income tax
return and that own stock of a subsidiary. The regulations will provide
rules relating to the loss allowed on a disposition of subsidiary and
stock, to the reduction of the subsidiary's attributes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
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
_______________________________________________________________________
2473. LIQUIDATION OF AN INTEREST
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 2704(b); 26 USC 7805
CFR Citation: 26 CFR 25
Legal Deadline: None
Abstract: This regulation relates to additional rules for determining
when restrictions on liquidation are disregarded in valuing an interest
under section 2704 of the Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-163113-02
Drafting attorney: John MacEachen (202) 622-7830
Reviewing attorney: George Masnik (202) 622-3090
Treasury attorney: Catherine Hughes (202) 622-9407
CC: PSI
Agency Contact: John MacEachen, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7830
RIN: 1545-BB71
_______________________________________________________________________
2474. 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) will govern the
recognition of income associated with REMIC residual interests that is
allocated to foreign person, including a foreign partner in a U.S.
partnership.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-159929-02
Drafting attorney: Arturo Estrada (202) 622-3900
[[Page 23114]]
Treasury attorneys: Andrew Froberg (202) 622-1779
 Michael Novey (202) 622-1339
CC: FI
Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3900
RIN: 1545-BB84
_______________________________________________________________________
2475. 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                            10/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-139059-02
Drafting attorney: Sara P. Shepherd (202) 622-4960
Reviewing attorney: William A. Jackson (202) 622-4960
CC:ITA
Agency Contact: Sara P. Shepherd, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room
4231, Washington, DC 20224
Phone: 202 622-4960
RIN: 1545-BB86
_______________________________________________________________________
2476. 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                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: State
Federalism:  Undetermined
Additional Information: REG-140379-02
Drafting attorney: Johanna Som de Cerff (202) 622-3980
CC: TEGE
Agency Contact: Johanna Som de Cerff, Senior Technican Reviewer,
Department of the Treasury, Internal Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224
Phone: 202 622-3980
RIN: 1545-BC07
_______________________________________________________________________
2477. UTILITY ALLOWANCE REGULATION UPDATE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 42; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will modify and update utility allowance
regulations under section 1.42-10, which provides for an alternative
method for computing utility allowances under section 1.42-
10(b)(4)(ii). Also, the regulation will provide for annual updates of
utility allowances.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-128274-03
Drafting attorney: David Selig (202) 622-3040
Reviewing attorney: Paul Handleman (202) 622-3040
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI
Agency Contact: David Selig, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3040
RIN: 1545-BC22
_______________________________________________________________________
2478. ADDITIONAL GUIDANCE REGARDING MARK-TO-MARKET ACCOUNTING FOR
TRADERS IN SECURITIES AND/OR COMMODITIES, INCLUDING FOREIGN CURRENCY
INSTRUMENTS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 988(a)(1)(B)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides additional rules relating to the
trader mark-to-market election: 1) The coordination of income character
rules of the mark-to-market regime with the capital election under
section 988(a)(1)(B); 2) the definition of commodities for purposes of
section 475; and 3) the application of the mark-to-market rules for
traders that trade both securities and commodities in a single
business.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-135660-03
Drafting attorney: Camille B. Evans (202) 622-3800
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL
Agency Contact: Camille B. Evans, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3800
RIN: 1545-BC48
[[Page 23115]]
_______________________________________________________________________
2479. 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                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-138603-03
Drafting attorney: David F. Bergkuist (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
Treasury attorney: David Ernick (202) 622-1754
CC:INTL
Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3850
RIN: 1545-BC52
_______________________________________________________________________
2480. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: Internal Revenue Code section 7654 contains provisions for
coordination of United States and certain possessions income taxes.
Specifically, section 7654 provides for ``cover over'' of the net
collection of taxes imposed under chapter 1 or deducted and withheld
under chapter 24. Section 7654 of the Internal Revenue Code of 1986
provides specific rules for cover over with regard to the possessions
American Samoa and the U.S. Virgin Islands.
Section 7654 of the 1954 Code, as amended in 1972 by Public Law 92-606,
provides specific rules for cover over with regard to the possessions
Guam and the Northern Mariana Islands (NMI). Section 7654 of the 1954
Code remains applicable to Guam and the NMI because neither of these
two possessions has an effective implementing agreement with the United
States, in accordance with the Tax Reform Act of 1986, Public Law 99-
514.
The regulations will provide rules under both the 1954 Code and the
1986 Code versions of section 7654.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-139900-03
Drafting attorney: Javier G. Salinas (202) 435-5262
Reviewing attorney: Ricardo A. Cadenas (202) 435-5262
Treasury attorney: Gretchen Sierra (202) 622-1755
CC: INTL
Agency Contact: Javier G. Salinas, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 435-5262
Related RIN: Related to 1545-BD32
RIN: 1545-BC54
_______________________________________________________________________
2481. 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                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG-143316-03
Drafting attorney: DeAnn K. Malone (202) 622-3112
Reviewing attorney: Melissa Liquerman (202) 622-7830
Treasury attorney: Cathy Hughes (202) 622-9407
CC:PSI
Agency Contact: DeAnn K. Malone, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3112
RIN: 1545-BC56
_______________________________________________________________________
2482. BELOW-MARKET LOANS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 7872(h)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations relate to the Federal income tax
consequences of certain below-market loans.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
[[Page 23116]]
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
_______________________________________________________________________
2483. REGULATIONS GOVERNING THE PERFORMANCE OF ACTUARIAL SERVICES UNDER
THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 29 USC 1241; 26 USC 7805
CFR Citation: 20 CFR 901
Legal Deadline: None
Abstract: Regulations governing the performance of actuarial service
under the Employee Retirement Income Security Act of 1974 (ERISA). The
regulations will cover the qualifications required for enrollment,
continuing education requirements for enrolled actuaries, professional
standards for the performance of actuarial services under ERISA, the
grounds for disciplinary action against an enrolled actuary, and the
procedures to be followed in taking disciplinary actions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-159704-03
Drafting attorney: Michael J. Roach (202) 622-6090
CC:TEGE
Agency Contact: Michael J. Roach, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6090
RIN: 1545-BC82
_______________________________________________________________________
2484. 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; 26 USC 7805
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                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-148864-03
Drafting attorney: Melinda K. Fisher (202) 622-4580
CC: PA: DPL
Agency Contact: Melinda K. Fisher, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20024
Phone: 202 622-4580
RIN: 1545-BC93
_______________________________________________________________________
2485. 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                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-123365-03
Drafting attorney: Russell P. Subin (202) 622-7790
Reviewing attorney: Richard Coss (202) 622-7790
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
_______________________________________________________________________
2486. 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 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                            12/00/06
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
[[Page 23117]]
_______________________________________________________________________
2487. SUPPORT TEST IN THE CASE OF A CHILD OF DIVORCED PARENTS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 152; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations will update section 1.152-4.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-149856-03
Drafting attorney: Victoria J. Driscoll (202) 622-4920
Reviewing attorney: Stephen J. Toomey (202) 622-4920
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA
Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4920
Fax: 202 622-6853
RIN: 1545-BD01
_______________________________________________________________________
2488. DEFINITION OF QUALIFIED FOREIGN CORPORATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805(a); 26 USC 1
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: Notice 2003-79, section 5, published on December 15, 2003,
states that the IRS intends to issue regulations, for years after 2003,
that provide procedures for a foreign corporation to certify that it is
a qualified foreign corporation for purposes of IRC section
1(h)(11)(C). (Temporary rules provided in Notice 2003-79 were
subsequently extended by Notice 2004-71, published on November 8, 2004,
and by Notice 2006-3, published January 17, 2006.) The regulations will
also provide procedures for certifying that a security that is not a
common or ordinary share is equity rather than debt; that a foreign
company is entitled to benefits under a comprehensive income tax treaty
where a security is not readily tradable on a recognized U.S. stock
exchange; and that the foreign corporation is not a PFIC in the taxable
year in which a dividend is paid, or in the preceding taxable year. The
regulations are also expected to address the meaning of the requirement
in the legislative history that to qualify under a treaty for purposes
of 1(h)(11) ``substantially all of . . .[the foreign corporation's]
income in the taxable year in which the dividend is paid'' must qualify
for treaty benefits.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-107420-04
Drafting attorney: David L. Lundy (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
Treasury attorney: Andrew D. Froberg (202) 622-1779
CC:INTL
Agency Contact: David L. Lundy, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3880
RIN: 1545-BD15
_______________________________________________________________________
2489. 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                            12/00/06
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
_______________________________________________________________________
2490. SECTION 42 QUALIFIED CONTRACT PROVISIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 42; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This proposed regulation under sections 42(h)(6)(F) and
42(h)(6)(K) will provide guidance for provisions relating to qualified
contracts.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-114084-03
Drafting attorney: Jack Malgeri (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury reviewer: Sharon Kay (202) 622-0865
CC: PSI
Agency Contact: Jack Malgeri, Attorney-Advisor, Department of the
[[Page 23118]]
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3040
RIN: 1545-BD20
_______________________________________________________________________
2491. PAYMENTS FOR WHICH NO RETURN OF INFORMATION IS REQUIRED UNDER
SECTION 6041
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 6041; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This proposed regulation will remove section 1.6041-3(g) of
the Income Tax Regulations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-147136-03
Drafting attorney: William Kostak (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-7085
Treasury attorney: John Parcell (202) 622-2578
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-BD21
_______________________________________________________________________
2492. 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                            11/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-160005-03
Drafting attorney: Brendan P. O'Hara (202) 622-4920
Reviewing attorney: Steven Toomey (202) 622-4920
Treasury attorney: Matthew Lay (202) 622-1788
CC: ITA
Agency Contact: Brendan P. O'Hara, Attorney Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4920
RIN: 1545-BD28
_______________________________________________________________________
2493. TRANSFERS OF RESTRICTED STOCK
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 83; 26 USC 7805
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                            12/00/06
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, Room
4030, Washington, DC 20224
Phone: 202 622-6030
Fax: 202 622-7865
Email: stephen.b.tackney@irscounsel.treas.gov
Related RIN: Related to 1545-BD45
RIN: 1545-BD44
_______________________________________________________________________
2494. 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                            12/00/06
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
_______________________________________________________________________
2495. DECLARATORY JUDGMENT--GIFT TAX VALUE
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7477; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposed regulations relating to the redetermination of value
of
[[Page 23119]]
certain gifts in a declaratory judgment action.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/00/06
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
_______________________________________________________________________
2496. REGULATIONS UNDER SECTION 706 REGARDING DETERMINATION OF
DISTRIBUTIVE SHARE WHEN A PARTNER'S INTEREST CHANGES
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 706; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide rules regarding the
determination of a partner's distributive share when the partner's
interest changes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-144689-04
Drafting attorney: Laura C. Fields (202) 622-3050
Reviewing attorney: David Haglund (202) 622-3050
Treasury attorney: Matthew Lay (202) 622-1788
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
_______________________________________________________________________
2497. SHAREHOLDER'S BASIS IN STOCK OF AN S CORPORATION
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 1367
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide rules relating to the
determination of a shareholder's basis in stock of an S corporation.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected:  Businesses
Government Levels Affected: None
Additional Information: REG-144859-04
Drafting attorney: Stacy L. Short (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: Matthew Lay (202) 622-1788
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
_______________________________________________________________________
2498. GUIDANCE UNDER SECTION 707(C) REGARDING GUARANTEED PAYMENTS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 707; 26 USC 7805
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: This regulation will modify the regulations under section
707(c) to address certain situations involving guaranteed payments to
partners.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
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: Matthew Lay (202) 622-1788
CC: PSI
Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3050
RIN: 1545-BD74
_______________________________________________________________________
2499. UPDATE AND REVISION OF TREASURY REGULATION SECTIONS 1.381(C)(4)
AND (5)-1
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 381(c)(4); 26 USC 381(c)(5); 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed amendments will focus on how to determine the
principal accounting method; how taxpayers will procedually change when
they're not permitted to use or prefer not to use the principal
accounting method; how taxpayers will reflect the difference in
computing taxable income when they change their accounting methods;
reconciling Treasury Regulation section 1.381(c)(4) language, terms,
and conditions with Treasury Regulation section 1.381(c)(5); and
reordering, simplifying, and indexing Treasury Regulation sections
1.381 (c)(4) and (5).
[[Page 23120]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-151884-03 and REG-151887-03
Drafting attorney: Cheryl L. Oseekey (202) 622-4970
Reviewing attorney: Jeffery G. Mitchell (202) 622-4970
Treasury attorney: Sharon Kay (202) 622-0865
CC: ITA
Agency Contact: Cheryl L. Oseekey, General Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4970
RIN: 1545-BD81
_______________________________________________________________________
2500. 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); 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The IRS 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                            12/00/06
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 attorneys: Sharon Kay (202) 622-0865 and George Manousos (202)
622-1335
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
_______________________________________________________________________
2501. GUIDANCE REGARDING SELECTED ISSUES UNDER SECTION 336(E)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 336; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations will address the circumstances in
which a corporation that owns stock in another corporation, meeting the
requirements of section 1504(a)(2), and sells, exchange, or distributes
a disposition of the assets of such other corporation.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-143544-04
Drafting attorney: Mark Weiss (202) 622-7790
Reviewing attorney: Ken Cohen (202) 622-7790
CC: COR
Agency Contact: Mark Weiss, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7790
RIN: 1545-BD84
_______________________________________________________________________
2502. DEFINITION OF THE ``DUE DATE'' FOR PURPOSES OF CALCULATING
OVERPAYMENT INTEREST UNDER SECTION 301.6611(H)
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 6611; 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: These regulations will amend 26 CFR section 301.6611-1(h) to
clarify the allowance for overpayment interest in cases in which an
overpayment is credited against an underpayment.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-148576-04
Drafting attorney: Tatiana Belenkaya (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
CC: PA: APJ
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
_______________________________________________________________________
2503. REDUCTION OF FUEL EXCISE TAX EVASION
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 48
Legal Deadline: None
Abstract: Changes to tax on aviation grade kerosene and other excise
taxes related to taxable fuels.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/00/06
Regulatory Flexibility Analysis Required: Undetermined
[[Page 23121]]
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG-153838-04
Drafting attorney: Deborah Karet (202) 622-3130
Reviewing attorney: Frank Boland (202) 622-3130 and Lewis Fernandez
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC: PSI
Agency Contact: Deborah Karet, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3130
RIN: 1545-BE03
_______________________________________________________________________
2504. ELIMINATION OF COUNTRY-BY-COUNTRY REPORTING TO SHAREHOLDERS OF
FOREIGN TAXES PAID BY REGULATED INVESTMENT COMPANIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6031
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will generally eliminate country-by-country
reporting to shareholders of foreign source income and foreign taxes
paid by a regulated investment company (RIC). A RIC will continue to
report this information directly to the IRS. The regulations will
affect certain RICs that pay foreign taxes and their shareholders.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-105248-04
Drafting attorney: Susan T. Baker (202) 622-3930
Treasury attorneys: John Harrington (202) 622-0589
 Michael Novey (202) 622-1339
CC: FI
Agency Contact: Susan T. Baker, Assistant to the Branch Chief,
Department of the Treasury, Internal Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224
Phone: 202 622-3930
RIN: 1545-BE09
_______________________________________________________________________
2505. 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                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-159420-04
Drafting attorney: Brenda M. Stewart (202) 622-3120
Reviewing attorney: Leslie H. Finlow (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI
Agency Contact: Brenda M. Stewart, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3120
RIN: 1545-BE14
_______________________________________________________________________
2506. CAPITALIZATION OF AMOUNTS PAID TO REPAIR OR IMPROVE TANGIBLE
PROPERTY
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will clarify the extent to which taxpayers
must capitalize expenditures to repair, improve, or rehabilitate
tangible property.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-168745-03
Drafting attorney: Kimberly L. Koch (202) 622-7739
Reviewing attorney: Robert M. Casey (202) 622-4950
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA
Agency Contact: Kimberly L. Koch, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7739
Fax: 202 622-7241
RIN: 1545-BE18
_______________________________________________________________________
2507. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS
CREATION ACT OF 2004 (AJCA)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1301; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The project will amend the farm income averaging regulations
under section 1.1301-1 to include the concept of fishing business.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-161695-04
Drafting attorney: Amy J. Pfalzgraf (202) 622-4950
Treasury attorney: John Cross (202) 622-2578
CC: ITA
Agency Contact: Amy J. Pfalzgraf, Attorney-Advisor, Department of the
[[Page 23122]]
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4950
Related RIN: Related to 1545-BE39
RIN: 1545-BE23
_______________________________________________________________________
2508. SECTION 6011 REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6011; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations are an update to the taxpayer disclosure
regulations for reportable transactions under section 1.6011-4.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-103038-05
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Michael Desmond (202) 622-1981
CC: PSI
Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3080
Related RIN: Related to 1545-BE25
RIN: 1545-BE24
_______________________________________________________________________
2509. SECTION 6111 REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6111; 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: These regulations are for section 6111, as revised under the
American Jobs Creation Act of 2004, which will provide the rules for
material advisors regarding disclosure of reportable transactions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-103039-05
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Michael Desmond (202) 622-1981
CC:PSI
Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3080
Related RIN: Related to 1545-BE27
RIN: 1545-BE26
_______________________________________________________________________
2510. SECTION 6112 REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6112; 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulations are an update to the list maintenance
regulations under section 6112 to take into account changes to the
statute made in the ``American Jobs Creation Act of 2004.''
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-103043-05
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Michael Desmond (202) 622-1981
CC: PSI
Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3080
Related RIN: Related to 1545-BE29
RIN: 1545-BE28
_______________________________________________________________________
2511. 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                            09/00/06
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
_______________________________________________________________________
2512. RELEASE OF LIEN OR DISCHARGE OF PROPERTY
Priority: Info./Admin./Other
Legal Authority: 26 USC 6325; 26 USC 6503; 26 USC 7426; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposed regulations that reflect the enactment of sections
6325(b)(4), 7426(a)(4) and (b)(5), and 6503(f)(2) of the IRS
Restructuring and Reform Act of 1998, giving third-party
[[Page 23123]]
owners of property administrative and judicial remedies to discharge
tax liens from their property.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-159444-04
Drafting attorney: Debra A. Kohn (202) 622-3620
Reviewing attorney: Lawrence Schattner (202) 622-3620
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: CBS
Agency Contact: Debra A. Kohn, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3620
Email: debra.akohn@irscounsel.treas.gov
RIN: 1545-BE35
_______________________________________________________________________
2513. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS
CREATION ACT OF 2004 (AJCA) (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1301; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The project will amend the farm income averaging regulations
under section 1.1301-1 to include the concept of fishing business.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-161695-04
Drafting attorney: Amy J. Pfalzgraf (202) 622-4950
Treasury attorney: John Parcell (202) 622-2578
CC: ITA
Agency Contact: Amy J. Pfalzgraf, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4950
Related RIN: Related to 1545-BE23
RIN: 1545-BE39
_______________________________________________________________________
2514. 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                            12/00/06
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: Michael J. Monterurro (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
_______________________________________________________________________
2515. BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE
PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 9501; 26 USC 7804; PL 105-206, sec 1201; PL 105-
206, sec 1204; 26 USC 7805; . . .
CFR Citation: 26 CFR 801
Legal Deadline: None
Abstract: The IRS will issue a notice of proposed rulemaking to
accompany temporary regulations amending 26 CFR part 801 to remove
limitations on use of quantity measures in measuring and evaluating
organizational and employee performance, and to add examples of proper
use of quantity measures and records of tax enforcement results.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Additional Information: REG-114444-05
Drafting attorney: Karen Keller (202) 283-7919
Reviewing attorney: Neil B. Worden (202) 283-7911
Treasury attorney: Michael Desmond (202) 622-1981
CC:GLS:CL
Agency Contact: Karen Keller, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-7919
Related RIN: Related to 1545-BE46
RIN: 1545-BE45
_______________________________________________________________________
2516. 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
[[Page 23124]]
Abstract: This regulation will provide guidance regarding accounting
methods and penalties under section 6038.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
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
_______________________________________________________________________
2517. SPECIAL DEPRECIATION ALLOWANCE--EXTENDED PLACED-IN-SERVICE DATE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provides rules relating to property that is eligible for
extended placed-in-service date for purposes of the first year
depreciation allowance.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-120914-05
Drafting attorney: Patrick S. Kirwan (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury reviewer: George Manousos (202) 622-1335
CC:PSI
Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BE56
RIN: 1545-BE55
_______________________________________________________________________
2518. RESEARCH EXPENDITURES RESULTING IN INVENTORY PROPERTY
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 174; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will address the treatment, under section
174, of amounts paid or incurred for the direct labor and materials
used to construct property to be sold to third parties.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-124148-05
Drafting attorney: Nicole R. Cimino (202) 622-3120
Reviewing attorney: Leslie Finlow (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI
Agency Contact: Nicole R. Cimino, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3120
RIN: 1545-BE64
_______________________________________________________________________
2519. SECTION 401(A)(4) GUIDANCE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 401; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provide additional guidance on satisfying the section
401(a)(4) nondiscrimination requirement with respect to benefits or
contributions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-127586-05
Drafting attorney: Christopher A. Crouch (202) 622-6090
Reviewing attorney: Linda S. Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC: TEGE
Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
CC: TEGE: EB: QP1, Washington, DC 20224
Phone: 202 622-6090
Fax: 202 927-1851
Email: christopher.a.crouch@ irscounsel.treas.gov
RIN: 1545-BE69
_______________________________________________________________________
2520. INFORMATION REPORTING ON REAL ESTATE TRANSACTIONS
Priority: Info./Admin./Other
Legal Authority: 26 USC 6011; 26 USC 6045
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation amends 26 CFR section 1.6045-4 of the Income
Tax Regulations by providing that a sale or exchange of an interest in
timber for an outright or a lump sum amount is subject to information
reporting under 26 U.S.C. section 6045(e).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-155669-04
Drafting attorney: Tatiana Belenkaya (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-4910
CC:PA:APJ
Agency Contact: Tatiana L. Belenkaya, Attorney, Department of the
Treasury,
[[Page 23125]]
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-4910
RIN: 1545-BE73
_______________________________________________________________________
2521. START-UP AND ORGANIZATIONAL EXPENDITURES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 195; 26 USC 248; 26 USC 709; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations implement the changes to sections
195, 248, and 709 of the Internal Revenue Code, made by section 902 of
the American Jobs Creation Act of 2004 (Pub. L. No. 108-357). Under the
Act, a corporate taxpayer may elect to deduct up to $5000 of start-up
expenditures and $5000 of organizational expenditures in the taxable
year in which the trade or business begins. The remainder of the start-
up or organizational expenditures are allowed as deductions ratably
over the 180-month period beginning with the month the corporation
begins business. Similar rules are provided for organizational and
syndication fees for partnerships.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected:  Businesses
Government Levels Affected: None
Additional Information: REG-164965-04
Drafting attorney: Grace K. Matuszeski (202) 622-7900
Treasury attorney: George Manousos (202) 622-1335
CC: ITA
Agency Contact: Grace Matuszeski, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7900
RIN: 1545-BE77
_______________________________________________________________________
2522. FOREIGN CURRENCY CONTRACT DEFINED (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1256(g)(2); 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations relates to the definition of a foreign
currency contract for purposes of section 1256(g)(2) of the Internal
Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-120934-05
Drafting attorney: Stephen J. Coleman (202) 622-6289
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
Related RIN: Related to 1545-BE82
RIN: 1545-BE83
_______________________________________________________________________
2523. LIFE/NON-LIFE TACKING RULE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502; 26 USC 7805; 26 USC 1503(c); 26 USC
1504(c)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations address the tacking rule requirement
relating to the separation of profit and loss activities.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-133036-05
Drafting attorney: Ross E. Poulsen (202) 622-7770
CC: COR
Agency Contact: Ross E. Poulsen, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7770
RIN: 1545-BE85
_______________________________________________________________________
2524. TARGETED POPULATIONS UNDER SECTION 45D(E)(2)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 450; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation provides guidance under section 45D regarding
how an entity meets the requirements to be a qualified active low-
income community business for purposes of the new markets tax credit
when its activities involve targeted populations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-142339-05
Drafting attorney: Lauren R. Taylor (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI
Agency Contact: Lauren R. Taylor, General Attorney (Tax), Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Room 5111, Washington, DC 20224
Phone: 202 622-3040
Fax: 202 622-4753
RIN: 1545-BE89
_______________________________________________________________________
2525. RAILROAD TRACK MAINTENANCE CREDIT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations provide guidance on claiming the railroad
track
[[Page 23126]]
maintenance credit under section 45G of the Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Additional Information: REG-142270-05
Drafting attorney: Charles J. Magee (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: Sharon Kay (202) 622-0865
CC: PSI
Agency Contact: Charles Magee, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room
5114, Washington, DC 20224
Phone: 202 622-3110
Fax: 202 622-4779
Related RIN: Related to 1545-BE91
RIN: 1545-BE90
_______________________________________________________________________
2526. S CORPORATION GUIDANCE UNDER AMERICAN JOBS CREATION ACT OF 2004
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1361; 26 USC 1362; 26 USC 1366; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation revises S corporation regulations under
section 1361 and other affected code sections to reflect provisions of
(AJCA) ``American Jobs Creation Act of 2004'' & GOZA, including family
shareholder rules under Act section 231; also updates or replaces
obsolete references in regulations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-143326-05
Drafting attorney: Bradford R. Poston (202) 622-3060
CC:PSI: 2
Agency Contact: Bradford R. Poston, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3060
RIN: 1545-BE95
_______________________________________________________________________
2527. CAPITAL COSTS INCURRED TO COMPLY WITH EPA SULFUR REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance under section 179B of the
Internal Revenue Code relating to EPA sulfur.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected:  Businesses
Government Levels Affected: Undetermined
Additional Information: REG-143453-05
Drafting attorney: Douglas Kim (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC: PSI
Agency Contact: Douglas Kim, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BE97
RIN: 1545-BE96
_______________________________________________________________________
2528. DISALLOWANCE OF PARTNERSHIP LOSS TRANSFERS AND BASIS REDUCTION IN
STOCK OF A CORPORATE PARTNER
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 704; 26 USC 734; 26 USC 743; 26 USC 755; 26 USC
7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations intend to provide guidance under
sections 704, 734, 743, and 755 as amended by the American Jobs
Creation Act of 2004 regarding the disallowance of certain partnership
loss transfers, and no reduction of basis in stock held by a
partnership in a corporate partner.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG-144468-05
Drafting attorneys: Barbara J. Campbell and Sean I. Kahng (202) 622-
3050
CC:PSI
Agency Contact: Sean I. Kahng, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3050
Barbara Campbell, Attorney-Advisor, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3050
RIN: 1545-BE98
_______________________________________________________________________
2529. SECTION 704(C) AND 737 REGULATIONS UPDATE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 704; 26 USC 737
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This proposed rule will modify regulations under sections 704
and 737 consistent with Notice 2005-15.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
[[Page 23127]]
Additional Information: REG-143397-05
Drafting attorney: Laura C. Fields (202) 622-3050
Reviewing attorney: Beverly Katz (202) 622-3050
Treasury attorney: Matthew Lay (202) 622-1788
CC:PSI
Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3050
Heather L. Faught, Attorney-Advisor, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3060
RIN: 1545-BE99
_______________________________________________________________________
2530. CAFETERIA PLANS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 125
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposed regulations on cafeteria plans (employee welfare
benefit plans allowing employees to choose between taxable benefits and
nontaxable benefits (e.g., employer-provided accident and health plans,
group term life insurance or dependent care assistance programs).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-142695-05
Drafting attorney: Elizabeth A. Purcell (202) 622-6080
Reving attorney: Harry Beker (202) 622-6080
Treasury attorney: Kevin Knopf (202) 622-2329
CC: TEGE
Agency Contact: Elizabeth A. Purcell, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6080
Related RIN: Related to 1545-BF01
RIN: 1545-BF00
_______________________________________________________________________
2531. <bullet> ELECTION TO EXPENSE CERTAIN REFINERIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 179C
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provide guidance under section 179C of the Internal Revenue
Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected:  Businesses
Government Levels Affected: Undetermined
Additional Information: REG-146895-05
Drafting attorney: Charles Magee (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: Charles Magee, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room
5114, Washington, DC 20224
Phone: 202 622-3110
Fax: 202 622-4779
Related RIN: Related to 1545-BF06
RIN: 1545-BF05
_______________________________________________________________________
2532. <bullet> CREDIT CARD CLAIMS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6416
CFR Citation: 26 CFR 48
Legal Deadline: None
Abstract: Refunds of excise taxes on exempt sales of fuel by credit
card.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-147282-05
Drafting attorney: Taylor Cortright (202)622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis 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-BF07
_______________________________________________________________________
2533. <bullet> NUCLEAR DECOMMISSIONING COST
Priority: Substantive, Nonsignificant
Legal Authority: Not Yet Determined
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: Proposed regulations under the Energy tax Incentives Act of
2005 concerning nuclear decommissioning costs.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-147290-05
Drafting attorney: Bernard P. Harvey (202) 622-3110
Reviewing attorney: Peter C. Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BF09
RIN: 1545-BF08
[[Page 23128]]
_______________________________________________________________________
2534. <bullet> CLEAN RENEWABLE ENERGY BONDS
Priority: Substantive, Nonsignificant
Legal Authority: PL 109-58 sec 1303(d); 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Newly added section 54 of the Code allows certain specified
entities to issue Clean Renewable Energy Bonds. Taxpayers who purchase
these bonds are entitled to a credit against income tax in lieu of
receiving interest payments from the Clean Renewable Energy Bond
issuers. These regulations explain the requirements for issuing the
bonds and for claiming the tax credit.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: Local, State, Tribal
Additional Information: REG-148071-05
Drafting attorney: Aviva M. Roth (202) 622-3980
Reviewing attorney: Timothy L. Jones (202) 622-1380
Treasury attorney: John Cross (202) 622-1322
CC: TEGE
Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013,
Washington, DC 20224
Phone: 202 622-3980
Email: aviva.m.roth@irscounsel.treas.gov
Related RIN: Related to 1545-BF12
RIN: 1545-BF11
_______________________________________________________________________
2535. <bullet> FEDERAL INCOME TAX CONSEQUENCES OF TRANSFERS
BETWEEN AN INDIVIDUAL DEBTOR AND THE BANKRUPTCY ESTATE IN CASES UNDER
CHAPTERS 7 AND 11 OF TITLE 11 OF THE UNITED STATES CODE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed notice of proposed rulemaking designates as non-
taxable certain asset transfers between individual debtors and their
bankruptcy estates that occur at the commencement of the bankruptcy
case, after commencement and before termination of the bankruptcy
estate, and upon the termination of the estate. The regulations provide
specific rules governing the succession of tax attributes by the estate
and the debtor in connection with these non-taxable transfers. The
regulations also define the section 1398 phrase ``termination of the
estate.''
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-116372-03
Drafting attorney: Laurence K. Williams (202) 622-3600
Reviewing attorney: Michael Gompertz (202) 622-3620
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: CBS
Agency Contact: Laurence K. Williams, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3600
RIN: 1545-BF13
_______________________________________________________________________
2536. <bullet> RULES UNDER SECTION 302 OF THE KATRINA
EMERGENCY TAX RELIEF ACT OF 2005
Priority: Substantive, Nonsignificant
Legal Authority: PL 109-73, sec 302; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide rules relating to the $500
deduction from taxable income allowed under section 302 of the Katrina
Emergency Tax Relief Act of 2005 (KETRA) to individuals for housing a
Hurricane Katrina displaced individual.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-152043-05
Drafting Attorney: Marnette M. Myers (202) 622-4920
CC: ITA
Agency Contact: Marnette M Myers, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC
20224
Phone: 202 622-4920
RIN: 1545-BF14
_______________________________________________________________________
2537. <bullet> REVISION OF TREASURY REGULATION SECTION 1.1561-
3 TO COMPLY WITH COMMISSIONER'S E-FILE PROGRAM AND WITH THE
RECOMMENDATIONS OF TIGTA REPORT
Priority: Info./Admin./Other
Legal Authority: 26 USC 1561; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: A proposed regulation under Treasury Regulation section
1.1561-3(b) will delete the current requirements of that regulation
that each component member of a controlled group of corporations (as
defined in I.R.C. section 1563(a) files: (1) With its service center an
original signed statement consenting to an unequal allocation of the
income tax bracket amount among all the members of the group and (2)
with its return each year a copy of such consent. These requirements
are not compatible with the Commissioner's e-file program (which cannot
accept signatures, other than electronic signatures for forms, and
which can only with great difficulty and cost accept copies of
taxpayer-prepared documents). The project proposes to amend Treasury
Regulation section1.1561-3(b) to require that such component members
file a form (to be developed concurrently with this project) providing
the information which will allow the IRS to determine if the allocation
is correct. The new form also addresses concerns slated in a recent
TIGTA Report that component members were not properly allocating the
tax bracket amount and that the IRS did not have the information to
determine whether or not the allocation was correct.
[[Page 23129]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-134317-05
Drafting attorney: Grid R. Glyer (202) 622-7930
Reviewing attorney: Steve Hankin (202) 622-7930
CC: COR
Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-7930
RIN: 1545-BF16
_______________________________________________________________________
2538. <bullet> ALCOHOL FUEL AND BIODIESEL
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 6426; 26 USC 6427(e); 26 USC 40 A; 26 USC 40;
26 USC 34; 26 USC 7805
CFR Citation: 48 CFR 6425; 48 CFR 6427
Legal Deadline: None
Abstract: Sections 40A,6426, and 6427(e) were added to the Internal
Revenue Code (Code) by the American Jobs Creation Act of 2004 (Pub. L.
108-357)(ACT). The Act also amended section 40 of the Code. These Code
provisions relate to credits for alcohol and biodiesel used as a fuel
and credits and payments for alcohol fuel and biodiesel mixtures. The
regulations will provide guidance on these Code sections.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected:  Businesses
Government Levels Affected: None
Additional Information: REG-155087-05
Drafting attorney: Susan Athy (202) 622-3130
Reviewing attorney: Frank Boland (202) 622-3130 and Lewis Fernandez
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: Susan Athy, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3130
RIN: 1545-BF17
_______________________________________________________________________
2539. <bullet> CREDIT FOR PRODUCTION FROM ADVANCED NUCLEAR
POWER FACILITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 45J
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: Regulations will provide guidance for implementation of new
section 45J; in particular, regulations will provide a certification
process for approval and allocation of the national megawatt
limitation.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-157616-05
Drafting attorney: Patrick S. Kirwan (202) 622-3110
CC:PSI
Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BF20
RIN: 1545-BF19
_______________________________________________________________________
2540. <bullet> PROCEDURES FOR ADMINISTRATIVE REVIEW OF A
DETERMINATION THAT AN AUTHORIZED RECIPIENT HAS FAILED TO SAFEGUARD
FEDERAL TAX RETURNS OR RETURN INFORMATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: Treasury regulation section 301.6103(p)(7)-1 is withdrawn.
The NPRM and cross-referenced temporary regulation provide the notice,
appeal, and disclosure termination procedures applicable to authorized
recipients of Federal tax returns and return information who fail to
provide proper safeguarding of the information.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/24/06                     71 FR 9487
NPRM Comment Period End         05/25/06
Final Action                    02/00/09
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-157271-05
Drafting attorney: Melinda K. Fisher (202) 622-4580
Reviewing attorney: Margo L. Stevens (202) 622-4560
CC:PA:DL
Agency Contact: Melinda K. Fisher, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20024
Phone: 202 622-4580
Related RIN: Previously reported as 1545-BF22
RIN: 1545-BF21
_______________________________________________________________________
2541. <bullet> SUBCHAPTER S BANKS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1363; 26 USC 7805
CFR Citation: None
Legal Deadline: None
Abstract: Application of special bank rules under section 1363 to S
corporation and QSub banks.
[[Page 23130]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-158677-05
Drafting attorney: Laura C. Fields (202) 622-3050
Reviewing attorney: Dianna Miosi (202) 622-3050
Treasury attorney: Michael Novey (202) 622-1339
CC: PSI
Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3050
RIN: 1545-BF24
_______________________________________________________________________
2542. <bullet> REVISION OF REGULATIONS TO COMPLY WITH
COMMISSIONER'S E-FILE PROGRAM
Priority: Info./Admin./Other
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The project will revise a number of regulations that present
impediments to e-filing.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-161919-05
Drafting attorney: Grid R. Glyer (202) 622-7930
Reviewing attorneys: Theresa Abell (202) 622-7700
 Marc Countryman (202) 622-7530
 Steve Hankin (202) 622-7930
CC: COR
Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-7930
Related RIN: Related to 1545-BF26
RIN: 1545-BF25
_______________________________________________________________________
2543. <bullet> DEBT SATISFIED BY A PARTNERSHIP INTEREST
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 108; 26 USC 704; 26 USC 752; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposed regulations to address partnership issues relating
to the satisfaction of a debt with a partnership interest.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-164370-05
Drafting attorney: Eric Lee (202) 622-3070
Reviewing attorney: Mary Beth Collins (202) 622-3070
Treasury attorney: Matthew Lay (202) 622-1788
CC: PSI
Agency Contact: Eric B. Lee, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3070
RIN: 1545-BF27
_______________________________________________________________________
2544. <bullet> TAXPAYER ASSISTANCE ORDERS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7811 (a); 26 USC 7805
CFR Citation: 42 CFR 301
Legal Deadline: None
Abstract: Proposed amendments to Treasury Regulation section 301.7811-1
to ensure that the regulation reflects amendments to I.R.C. section
7811.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-152166-05
Drafting attorney: Robin M. Tuczak (202) 622-3529
CC:NTA
Agency Contact: Robin Tuczak, Technical Advisor to the Special Counsel,
Department of the Treasury, Internal Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224
Phone: 202 622-3529
Email: robin.m.tuczak@irscounsel.treas.gov
RIN: 1545-BF33
_______________________________________________________________________
2545. <bullet> ACCURACY-RELATED PENALTIES
Priority: Substantive, Nonsignificant
Legal Authority: USC 6662A; USC 6662; USC 6664; 26 USC 7805
CFR Citation: 26 CFR 1.6662A; 26 CFR 1.6662; 26 CFR 1.6664
Legal Deadline: None
Abstract: Proposed regulations regarding the new provisions and
amendments made to code sections 6662, 6662A, and 6664 by the American
Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-160870-04
Drafting attorney: Laura R. Urich (202) 622-4940
CC: PA: APJ
Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: laura.r.urich@irscounsel.treas.gov
RIN: 1545-BF40
[[Page 23131]]
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2546. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT
INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 936
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide rules with respect to what
constitutes qualified possession source investment income for purposes
of the Puerto Rico and possession tax credit.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/21/86                     51 FR 2726
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-209013-86 (INTL-44-86)
Drafting attorney: Thomas A. Vidano (202) 435-5265
Reviewing attorney: John M. Breen (202) 435-5265
CC:INTL
Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 435-5265
RIN: 1545-AC10
_______________________________________________________________________
2547. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6039E
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulation will prescribe under section 6039E the
information to be gathered by the State Department and Immigration and
Naturalization Service on passport and green card applicants and the
penalties to be imposed on such applicants if they do not supply the
information.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/24/92                    57 FR 61373
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-208274-86 (INTL-978-86)
Drafting attorney: Quyen Huynh (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
CC:INTL
Agency Contact: Quyen Huynh, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3880
RIN: 1545-AJ93
_______________________________________________________________________
2548. 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
Final Action                    04/00/06
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
_______________________________________________________________________
2549. 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                    12/00/06
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
_______________________________________________________________________
2550. REGISTRATION REQUIRED OBLIGATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 165
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will finalize all outstanding proposed
regulations under section 1.163-1(b)(2).
[[Page 23132]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/21/93                     58 FR 5316
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-208245-90 (INTL-115-90)
Drafting attorney: Carl M. Cooper (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
CC:INTL
Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-AP33
_______________________________________________________________________
2551. 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                    12/00/06
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
Treasury attorneys: Michael Novey (202) 622-1339
 Viva Hammer (202) 622-0869
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
_______________________________________________________________________
2552. 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                    01/00/07
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 Avenue NW, Washington , DC
20224
Phone: 202 622-3970
RIN: 1545-AU49
_______________________________________________________________________
2553. 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                     01/21/98                     63 FR 3186
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-100841-97
Drafting attorney: G. William Beard (202) 622-3620
Reviewing attorney: Lawrence Schattner (202) 622-3620
CC:PA:CBS
Agency Contact: 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
_______________________________________________________________________
2554. 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                    09/00/06
Regulatory Flexibility Analysis Required: No
[[Page 23133]]
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
_______________________________________________________________________
2555. STOCKS AND SECURITIES SAFE HARBOR EXCEPTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation clarifies and updates the safe harbor that
one is not engaged in a trade or business as a result of trading in
stocks and securities. The amendment will provide additional guidance
regarding the definitions of stocks and securities.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/12/98                    63 FR 32164
Hearing                         09/09/98
NPRM Comment Period End         09/10/98
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-106031-98
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
CC:INTL
Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3870
RIN: 1545-AW13
_______________________________________________________________________
2556. 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                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-105964-98
Drafting attorney: Frances L. Kelly (202) 622-7072
Reviewing attorney: Michael J. Wilder (202) 622-3393
Treasury attorney: None
CC: COR
Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7072
Email: frances.l.kelly@irscounsel.treas.gov
Related RIN: Related to 1545-BA11
RIN: 1545-AW30
_______________________________________________________________________
2557. SOURCE OF INCOME FROM CERTAIN SPACE AND OCEAN ACTIVITIES AND FOR
COMMUNICATIONS INCOME
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 863
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations provide source rules for income from certain
space and ocean activities under section 863(d) and communications
income under section 863(a), (d), and (e).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/17/01                     66 FR 3903
Hearing                         05/23/01                    66 FR 12916
Second NPRM                     09/19/05                    70 FR 54859
Hearing                         12/15/05                    70 FR 54859
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-106030-98
Drafting attorney: Edward R. Barret (202) 622-3880
Reviewing attorney: Anne Shelburne (202) 435-5265
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL
Agency Contact: Edward R. Barret, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3880
RIN: 1545-AW50
_______________________________________________________________________
2558. REPORTING OF PAYMENTS TO ATTORNEYS
Priority: Substantive, Nonsignificant
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                    12/00/06
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
[[Page 23134]]
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
_______________________________________________________________________
2559. 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                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-116050-99
Drafting attorney: Jeffrey L. Parry (202) 622-3850
Reviewing attorney: Anne Devereaux (202) 622-3850
Treasury attorney: Andrew Froberg (202) 622-0851
CC:INTL
Agency Contact: Jeffrey L. Parry, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3850
RIN: 1545-AX65
_______________________________________________________________________
2560. 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                    12/00/06
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
_______________________________________________________________________
2561. 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                    12/00/06
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
_______________________________________________________________________
2562. 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                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-107279-00
Drafting attorney: Shareen Pflanz (202) 622-4920
Reviewing attorney: Stephen J. Toomey (202) 622-4920
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA
Agency Contact: Shareen S. Pflanz, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
[[Page 23135]]
Phone: 202 622-4920
RIN: 1545-AY18
_______________________________________________________________________
2563. GUIDANCE ON CHANGES TO THE LAWS FOR CORPORATE ESTIMATED TAXES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6655
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: The proposed regulations provide guidance for corporations to
compute their estimated tax liabilities.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/12/05                    70 FR 73393
Final Action                    06/00/06
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
_______________________________________________________________________
2564. 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                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-114082-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawshunsky (202) 622-6000
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE
Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6080
RIN: 1545-AY32
_______________________________________________________________________
2565. 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                    04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-114083-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawnshunsky (202) 622-6000
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE
Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6080
RIN: 1545-AY33
_______________________________________________________________________
2566. 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                    04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-114084-00
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawnshunsky (202) 622-6080
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE
Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6080
RIN: 1545-AY34
_______________________________________________________________________
2567. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 482
CFR Citation: 26 CFR 1
[[Page 23136]]
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                    12/00/06
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 Carol Tan (202)
435-5265
Reviewing attorney: John M. Breen (202) 435-5265
Treasury attorney: David Ernick (202) 622-1754
CC:INTL
Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 435-5265
RIN: 1545-AY38
_______________________________________________________________________
2568. 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                    05/00/06
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: Mark Countryman (202) 622-9859
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
_______________________________________________________________________
2569. NORMALIZATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 167; 26 USC 168; 26 USC 46
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations relate to the sale or deregulation of
generation assets.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/21/05                    70 FR 75762
Final Action                    07/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-104385-01
Drafting attorney: David Selig (202) 622-3040
Reviewing attorney: Peter Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: David Selig, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3040
RIN: 1545-AY75
_______________________________________________________________________
2570. 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                            03/30/05                    70 FR 16189
Final Action                    04/00/06
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
_______________________________________________________________________
2571. 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
[[Page 23137]]
Public Hearing                  03/21/02
Final Action                    12/00/06
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: None
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
_______________________________________________________________________
2572. REDUCTIONS OF ACCRUALS AND ALLOCATIONS BECAUSE OF INCREASED AGE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 411
CFR Citation: 26 CFR 1
Legal Deadline: Final, Statutory, February 1, 1988.
Abstract: These regulations will prescribe rules regarding the
requirement that accruals and allocations under qualified retirement
plans cannot be reduced because of the attainment of any age.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/11/02                    67 FR 76123
Hearing                         04/09/03
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: REG-209500-86
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE
Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6090
Related RIN: Related to 1545-BB79
RIN: 1545-BA10
_______________________________________________________________________
2573. AMENDMENT TO THE DEFINITION OF REFUNDING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will amend the definition of a refunding
issue applicable to tax-exempt bonds issued by State and local
governments.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/10/02                    67 FR 17310
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Local, State
Additional Information: REG-165706-01
Drafting attorney: Vicky Tsilas (202) 622-3980
CC: TEGE
Agency Contact: Vassiliki Tsilas, Assistant Branch Chief, TEGE: TEB,
Department of the Treasury, Internal Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224
Phone: 202 622-3980
RIN: 1545-BA46
_______________________________________________________________________
2574. NONCOMPENSATORY PARTNERSHIP OPTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 704; 26 USC 721; 26 USC 761; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will describe the tax treatment of
noncompensatory partnership options.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/22/03                     68 FR 2930
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-103580-02
Drafting attorney: Joy Spies and Jason Smyczek (202) 622-3050
Reviewing attorney: Audrey W. Ellis (202) 622-3050
Treasury attorney: Matthew Lay (202) 622-7188
CC: PSI
Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3050
Joy Spies, Attorney-Advisor, Department of the Treasury, Internal
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3050
RIN: 1545-BA53
_______________________________________________________________________
2575. 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
Final Action                    04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-122380-02
Drafting attorney: Matthew Cooper (202) 622-4940
Reviewing attorney: Richard S. Goldstein (202) 622-7820
Treasury attorney: Michael Desmond (202) 622-1981
[[Page 23138]]
CC:PA:APJ
Agency Contact: Matthew S. Cooper, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room
5135, Washington, DC 20224
Phone: 202 622-8445
Fax: 202 622-1585
Email: matthew.s.cooper@irscounsel.treas.gov
RIN: 1545-BA72
_______________________________________________________________________
2576. REDEMPTIONS TREATED AS DIVIDENDS
Priority: Substantive, Nonsignificant
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                    05/00/06
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
CC: COR
Agency Contact: Theresa M. Kolish, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room
5408, Washington, DC 20224
Phone: 202 622-7530
Fax: 202 622-7556
Email: theresa.m.kolish@irscounsel.treas.gov
RIN: 1545-BA80
_______________________________________________________________________
2577. 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                    12/00/06
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
_______________________________________________________________________
2578. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 704(b); 26 USC 703(b)(3); 26 USC 702(a)(b); 26
USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide guidance on how foreign tax
expenditures must be allocated to partners under section 704(b).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/21/04                    69 FR 21454
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-139792-02
Drafting attorney: Timothy J. Leska (202) 622-3050
Reviewing attorney: Beverly M. Katz (202) 622-3060
Treasury attorney: Matthew Lay (202) 622-1788
CC: PSI
Agency Contact: Timothy J. Leska, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3050
Related RIN: Related to 1545-BD11
RIN: 1545-BB11
_______________________________________________________________________
2579. INVESTIGATIVE DISCLOSURES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6103(k)(6); 26 USC 7805
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                    06/00/06
Regulatory Flexibility Analysis Required: No
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
[[Page 23139]]
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
_______________________________________________________________________
2580. 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                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-141097-02
Drafting attorney: Taylor Cortright (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: Taylor Cortright, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3130
RIN: 1545-BB18
_______________________________________________________________________
2581. MIXED USE OUTPUT FACILITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation describes rules relating to mixed use output
facilities.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           09/23/02                    67 FR 59767
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Local, State
Federalism:  Undetermined
Additional Information: REG-142599-02
Drafting attorney: Johanna Som de Cerff (202) 622-3980
Treasury attorney: Stephen J. Watson (202) 622-1322
CC: TEGE
Agency Contact: Johanna Som de Cerff, Senior Technican Reviewer,
Department of the Treasury, Internal Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224
Phone: 202 622-3980
RIN: 1545-BB23
_______________________________________________________________________
2582. SECTION 482: METHODS TO DETERMINE TAXABLE INCOME IN CONNECTION
WITH A COST SHARING ARRANGEMENT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 482
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide additional guidance on cost
sharing arrangements under section 482.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/29/05                    70 FR 51116
Hearing                         12/16/05                    70 FR 51116
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism:  Undetermined
Additional Information: REG-144615-02
Drafting attorney: Kenneth P. Christman (202) 435-5265
Reviewing attorney: John M. Breen (202) 435-5266
Treasury attorney: David Ernick (202) 622-1754
CC:INTL
Agency Contact: Kenneth P. Christman, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 435-5265
RIN: 1545-BB26
_______________________________________________________________________
2583. 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                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-146893-02
Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Carol Tan (202)
435-5265
Reviewing attorney: John M. Breen (202) 435-5265
Treasury attorney: David Ernick (202) 622-1754
CC:INTL
Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 435-5265
RIN: 1545-BB31
_______________________________________________________________________
2584. LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD OF ACCOUNTING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 403; 26 USC 7805
CFR Citation: 26 CFR 1
[[Page 23140]]
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. This regulation will provide guidance under
section 448(d)(5) regarding the nonaccrual experience method of
accounting.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/21/03                    68 FR 65645
Final Action                    06/00/06
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
Treasury attorney: George Manousos (202) 622-1335
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
_______________________________________________________________________
2585. 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                    08/00/06
Regulatory Flexibility Analysis Required: No
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 Manousos (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
_______________________________________________________________________
2586. 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                    07/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Governmental Jurisdictions
Government Levels Affected: Local, State, Tribal
Additional Information: REG-155608-02
Drafting attorney: John A. Tolleris (202) 622-6060
Reviewing attorney: Cheryl Press (202) 622-6060
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE
Agency Contact: John A. Tolleris, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-6060
Related RIN: Related to 1545-BF35
RIN: 1545-BB64
_______________________________________________________________________
2587. 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                    06/00/06
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
[[Page 23141]]
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3920
RIN: 1545-BB82
_______________________________________________________________________
2588. PREDECESSORS OR SUCCESSORS UNDER SECTION 355(E)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 355; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations under section 355(e) set forth whether a
transferor or a transferee of distributing or controlled assets is a
predecessor or successor.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/22/04                    69 FR 67873
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-145535-02
Drafting attorney: Ross E. Poulsen (202) 622-7770
Reviewing attorney: Stephen Fattman (202) 622-7700
CC: COR
Agency Contact: Ross E. Poulsen, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7770
RIN: 1545-BB85
_______________________________________________________________________
2589. GUIDANCE REGARDING MARK-TO-MARKET VALUATION FOR CERTAIN SECURITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 475; 26 USC 446
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Section 475(a) requires that dealers in securities mark their
securities to market. If the security is inventory, the dealer must
include that security at fair market value. Taxpayers must treat any
security that is not inventory as if it were sold for its fair market
value on the last business day of the year. While the legal definition
of the term ``fair market value'' has long been settled, the statute is
silent as to what valuation methodology should be used to determine
fair market value of any particular security. Many of the securities
subject to section 475 raise difficult valuation issues. An advanced
notice of proposed rulemaking (ANPRM) was issued on May 5, 2003, and
asked for comments on a possible financial statement-tax conformity
safe harbor approach for valuing certain securities under section 475
for which the determination of actual fair market value is
administratively difficult. On May 24, 2005, a notice of proposed
rulemaking was issued. The NPRM provided an elective safe harbor for
dealers in securities, dealers in commodities and traders in securities
and commodities. The safe harbor permits these taxpayers to make an
election pursuant to which the values of the positions reported on
certain financial statements are used as the fair market value of those
positions for purposes of section 475, if certain conditions are met.
Those conditions and limitations are to ensure consistency with fair
market value tax principles. The NPRM also asked for specific comments
relating to certain aspects the rules.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/24/05                    70 FR 29663
NPRM Comment Period End         08/22/05
Public Hearing                  09/15/05
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-100420-03
Drafting attorney: Marsha A. Sabin (202) 622-3950 or John W. Rogers
(202) 622-3950
Reviewing attorney: Robert Williams (202) 622-3960
Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202)
622-0869
CC: FI
Agency Contact: Marsha A. Sabin, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3950
RIN: 1545-BB90
_______________________________________________________________________
2590. PARTNERSHIP EQUITY FOR SERVICES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 721; 26 USC 83; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will describe the tax treatment of
partnership equity issued in connection with the performance of
services.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/24/05                    70 FR 29675
Public Hearing                  10/05/05                    70 FR 29676
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-105346-03
Drafting attorneys: Joy Spies and Jason T. Smyzcek (202) 622-3050
Reviewing attorney: Audrey W. Ellis (202) 622-3050
Treasury attorney: Matthew Lay (202) 622-1788
CC: PSI
Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3050
Joy Spies, Attorney-Advisor, Department of the Treasury, Internal
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3050
RIN: 1545-BB92
_______________________________________________________________________
2591. ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
[[Page 23142]]
Abstract: The regulations provide guidance on the accrual of original
issue discount on certain REMIC regular interests.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/25/04                    69 FR 52217
Final Action                    06/00/06
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
_______________________________________________________________________
2592. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES
RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF
LIEN
Priority: Other Significant
Legal Authority: 26 USC 6320; 26 USC 6330; 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: IRS is revising the regulations that apply to Collection Due
Process (CDP) and equivalent hearings under section 6320 involving
Federal tax liens.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/16/05                    70 FR 54681
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-150088-02
Drafting attorney: Laurence K. Williams (202) 622-3600
Reviewing attorney: Gary D. Gray (202) 622-3600
CC: PA: CBS
Agency Contact: Laurence K. Williams, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3600
Related RIN: Related to 1545-BB97
RIN: 1545-BB96
_______________________________________________________________________
2593. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES
RELATING TO HEARINGS BEFORE LEVY
Priority: Other Significant
Legal Authority: 26 USC 6330; 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: IRS is revising the regulations that apply to Collection Due
Process (CDP) and equivalent hearings under section 6330 involving
Federal tax levies.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/16/05                    70 FR 54687
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-150091-02
Drafting attorney: Laurence K. Williams (202) 622-3600
Reviewing attorney: Gary D. Gray (202) 622-3610
CC: PA: CBS
Agency Contact: Laurence K. Williams, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3600
Related RIN: Related to 1545-BB96
RIN: 1545-BB97
_______________________________________________________________________
2594. ENTRY OF TAXABLE FUEL
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 48
Legal Deadline: None
Abstract: The regulations will provide rules for payment of tax when
taxable fuel is entered by an unregistered person.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/30/04                    69 FR 45631
Public Hearing                  10/05/04                    69 FR 59572
Final Action                    06/00/06
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
_______________________________________________________________________
2595. GUIDANCE NECESSARY TO FACILITATE BUSINESS ELECTRONIC FILING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 602
Legal Deadline: None
Abstract: The regulatory amendments are designed to facilitate
electronic filing of certain income tax returns and other forms.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/19/03                    68 FR 70747
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Additional Information: REG-116664-01
Drafting attorney: Nathan B. Rosen (202) 622-4910
Reviewing attorney: Pamela Fuller (202) 622-4910
Treasury attorney: Michael Desmond (202) 622-1981
[[Page 23143]]
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
_______________________________________________________________________
2596. 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                    09/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-126459-03
Drafting attorney: Douglas Kim (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: George Manousos (202) 622-1335
CC:PSI
Agency Contact: Douglas Kim, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BC17
RIN: 1545-BC18
_______________________________________________________________________
2597. SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE DISALLOWED
UNDER SECTION 265(A)(2)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502; 26 USC 7701; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will address the treatment of interest income
with respect to an intercompany loan when the source of funds is
borrowing from a nonmember and there is a disallowance of interest
expense under section 265(a)(2).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/07/04                    69 FR 25535
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-128590-03
Drafting attorney: Frances L. Kelly (202) 622-7072
Reviewing attorney: Michael Wilder (202) 622-3393
CC: COR
Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7072
Email: frances.l.kelly@irscounsel.treas.gov
RIN: 1545-BC23
_______________________________________________________________________
2598. GUIDANCE REGARDING APPLICATION OF SECTION 265(A)(2) AND 246A IN
TRANSACTIONS INVOLVING RELATED PARTIES, PASS-THROUGH ENTITIES, OR OTHER
INTERMEDIARIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7701(f); 26 USC 265(a); 26 USC 246A; 26 USC
7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Section 7701(f) of the Code provides that the Secretary shall
prescribe such regulations as may be necessary or appropriate to
prevent the avoidance of the provisions of the Code that deal with the
linking of borrowing to investment, or diminishing the risk through the
use of related persons, pass-through entities, or other intermediaries.
Section 7701(f) was enacted to authorize the issuance of regulations to
prevent the avoidance of the purposes of sections 265(a)(2) (which
disallows interest on indebtedness incurred or continued to purchase or
carry tax-exempt obligations) and 246A (which reduces the dividends
received deduction under sections 243, 244, or 245(a)) in proportion to
the extent that the portfolio stock with respect to which the dividends
are received is debt-financed) through transactions involving related
parties, pass-through entities, or other intermediaries.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/07/04                    69 FR 25534
NPRM Comment Period End         08/05/04
Final Action                    10/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-128572-03
Drafting attorney: David Silber (202) 622-3930
Reviewing attorney: Dale S. Collinson ( 202) 622-3900
Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202)
622-0869
CC: FI
Agency Contact: David B. Silber, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3930
RIN: 1545-BC24
_______________________________________________________________________
2599. PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 409(p)(7)(A)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide guidance for employee stock
ownership plans holding stock of a subchapter S corporation concerning
the prohibition against allocations to disqualified persons under
section 409(p).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/21/03                    68 FR 43058
NPRM Comment Period End         10/20/03
[[Page 23144]]
Second NPRM                     12/17/04                    69 FR 75492
Second NPRM Comment Period End  03/17/05
Hearing                         04/20/05
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-129709-03
Drafting attorney: John T. Ricotta (202) 622-6060
Reviewing attorney: Marjorie Hoffman (202) 622-6060
CC: TEGE
Agency Contact: John T. Ricotta, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6060
Related RIN: Related to 1545-BC33
RIN: 1545-BC34
_______________________________________________________________________
2600. GUIDANCE ON PFIC PURGING ELECTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations will provide guidance regarding
retroactive relief for taxpayers who, in limited circumstances,
continue to be subject to the PFIC excess distribution regime of
section 1291 although the foreign corporation in which they own stock
is no longer treated as a PFIC under section 1298(b)(1) or section
1297(e).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/08/05                    70 FR 72952
Public Hearing                  03/22/06
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-133446-03
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: David Ernick (202) 622-1754
CC:INTL
Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
Related RIN: Related to 1545-BD33
RIN: 1545-BC37
_______________________________________________________________________
2601. QUALIFIED SEVERANCE REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 2642(a)(3)(C); 26 USC 7805
CFR Citation: 26 CFR 26
Legal Deadline: None
Abstract: This regulation relates to generation-skipping transfer tax
consequences of a qualified severance of a trust.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/24/04                    69 FR 51967
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-145987-03
Drafting attorney: Mayer R. Samuels (202) 622-7265
Reviewing attorney: George Masnik (202) 622-3618
Treasury attorney: Catherine Hughes (202) 622-9407
CC: PSI
Agency Contact: Mayer R. Samuels, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3090
RIN: 1545-BC50
_______________________________________________________________________
2602. SUSPENSION OF RUNNING OF PERIOD OF LIMITATION DURING A PROCEEDING
TO ENFORCE OR QUASH A DESIGNATED OR RELATED SUMMONS
Priority: Substantive, Nonsignificant
Legal Authority: 25 USC 6503; 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: These regulations relate to the use of designated and related
summonses and the effect on the period of limitations on assessment
when a case is brought with respect to a designated or related summons.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/31/03                    68 FR 44905
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-208199-91
Drafting attorney: Elizabeth D. Rawlins (202) 622-3600
Reviewing attorney: Peter J. Devlin (202) 622-3600
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: CBS
Agency Contact: Elizabeth D. Rawlins, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3600
RIN: 1545-BC55
_______________________________________________________________________
2603. QUALIFIED ZONE ACADEMY BONDS; OBLIGATIONS OF STATES AND POLITICAL
SUBDIVISIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide for permissible use of proceeds,
coordinate and make consistent provisions regarding determination of
credit rate and maturity date. It will provide for remedial action in
case of change in use of bond proceeds.
[[Page 23145]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/26/04                    69 FR 15747
Public Hearing                  07/21/04
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Governmental Jurisdictions
Government Levels Affected: Local, State
Additional Information: REG-121475-03
Drafting attorney: Zoran Stojanovic (202) 622-3721
Reviewing attorney: Timothy L. Jones (202) 622-3701
CC: TEGE
Agency Contact: Zoran Stojanovic, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3721
RIN: 1545-BC61
_______________________________________________________________________
2604. GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 707; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance regarding disguised
sales of partnership interests.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/26/04                    69 FR 68838
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-149519-03
Drafting attorney: Deane M. Burke (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
Treasury attorney: Matthew Lay (202) 622-1788
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
_______________________________________________________________________
2605. 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                    06/00/06
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
_______________________________________________________________________
2606. 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. Also, the revised regulations will discuss the continued validity
of extension agreements executed prior to January 1, 2000.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/04/05                    70 FR 10572
Final Action                    04/00/06
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: Lawrence Schattner (202) 622-3620
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:CBS
Agency Contact: Debra A. Kohn, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3620
Email: debra.akohn@irscounsel.treas.gov
RIN: 1545-BC72
_______________________________________________________________________
2607. EXCLUSION OF EMPLOYEES OF 501(C)(3) ORGANIZATIONS IN 401(K) AND
401(M) PLANS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
[[Page 23146]]
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
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                    12/00/06
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
_______________________________________________________________________
2608. SOLID WASTE DISPOSAL FACILITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 142; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will modify the definition of solid waste
disposal facility for purposes of section 142(a)(6) of the Internal
Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/10/04                    69 FR 25856
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Local, State
Additional Information: REG-140492-02
Drafting attorney: Aviva M. Roth (202) 622-3980
Reviewing attorney: Timothy Jones (202) 622-3980
CC: TEGE
Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013,
Washington, DC 20224
Phone: 202 622-3980
Email: aviva.m.roth@irscounsel.treas.gov
RIN: 1545-BD04
_______________________________________________________________________
2609. 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            06/00/06
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
Related RIN: Related to 1545-AX40
RIN: 1545-BD09
_______________________________________________________________________
2610. DUAL CONSOLIDATED LOSS REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1503
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides additional guidance with respect to
dual consolidated losses under section 1503(d).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/24/05                    70 FR 29868
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-102144-04
Drafting attorney: Christopher L. Trump (202) 622-3840
Reviewing attorney: John Merrick (202) 622-3800
Treasury attorney: David Sotos (202) 622-0851
CC:INTL
Agency Contact: Christopher L. Trump, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-BD10
[[Page 23147]]
_______________________________________________________________________
2611. ESCROW ACCOUNTS, TRUSTS, AND OTHER FUNDS USED DURING DEFERRED
EXCHANGES OF LIKE-KIND PROPERTY
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 468B(g)
CFR Citation: 26 CFR 1; 26 CFR 602
Legal Deadline: None
Abstract: These 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 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                            02/07/06                     71 FR 6231
Hearing                         02/07/06                     71 FR 6233
Final Action                    12/00/06
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
Treasury attorney: Viva Hammer (202) 622-0869
CC:ITA
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
_______________________________________________________________________
2612. 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 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                    06/00/06
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
_______________________________________________________________________
2613. REQUIREMENTS FOR REORGANIZATIONS
Priority: Substantive, Nonsignificant
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                    06/00/06
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
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
Fax: 202 622-4111
Email: robert.b.gray@irscounsel.treas.gov
RIN: 1545-BD31
_______________________________________________________________________
2614. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES
(TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: Internal Revenue Code section 7654 contains provisions for
coordination of U.S. and certain possessions income taxes.
Specifically, section 7654 provides for ``cover over'' of the net
collection of taxes imposed under chapter 1 or deducted and withheld
under chapter 24. Section 7654 of the Internal Revenue Code of 1986
provides specific rules for cover over with regard to the possessions
American Samoa and the U.S. Virgin Islands.
Section 7654 of the 1954 Code, as amended in 1972 by Public Law 92-606,
provides specific rules for cover over with regard to the possessions.
Guam and the Northern Mariana Islands (NMI). Section 7654 of the 1954
Code remains applicable to Guam and the NMI because neither of these
two possessions has an effective implementing agreement with the United
States, in accordance with the Tax Reform Act of 1986, Public Law 99-
514.
The regulations will provide rules under both the 1954 Code and the
1986 Code versions of section 7654.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            12/00/06
[[Page 23148]]
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-139900-03
Drafting attorney: Javier G. Salinas (202) 435-5262
Reviewing attorney: Ricardo A. Cadenas (202) 435-5262
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL
Agency Contact: Javier G. Salinas, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 435-5262
Related RIN: Related to 1545-BC54
RIN: 1545-BD32
_______________________________________________________________________
2615. 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                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Federalism:  Undetermined
Additional Information: REG-122847-04
Drafting attorney: Laura Urich (202) 622-7022
Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ
Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: laura.r.urich@irscounsel.treas.gov
RIN: 1545-BD40
_______________________________________________________________________
2616. TRANSFERS OF RESTRICTED STOCK (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 42 USC 83; 26 USC 7805
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           12/00/06
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, Room
4030, Washington, DC 20224
Phone: 202 622-6030
Fax: 202 622-7865
Email: stephen.b.tackney@irscounsel.treas.gov
Related RIN: Related to 1545-BD44
RIN: 1545-BD45
_______________________________________________________________________
2617. 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                    06/00/06
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: Matthew Lay (202) 622-1788
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
_______________________________________________________________________
2618. UPDATE OF 415 REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations amend the regulations under section 415 of
the Internal Revenue Code relating to limitations on benefits and
contributions under qualified plans. Section 415 provides a complex
series of limits on benefits under defined benefit plans and
contributions and other additions under defined contribution plans.
Comprehensive regulations regarding section 415 were last issued in
1980. These regulations are being proposed to reflect statutory changes
and guidance items and to clarify certain other issues.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/31/05                    70 FR 31214
Public Hearing                  08/17/05
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-130241-04
Drafting attorney: Vernon Carter (202) 622-6060
[[Page 23149]]
Reviewing attorney: Linda Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE
Agency Contact: Vernon S. Carter, Tax Law Specialist, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622-6060
RIN: 1545-BD52
_______________________________________________________________________
2619. GUIDANCE UNDER SECTION 1502; MISCELLANEOUS OPERATING RULES FOR
SUCCESSOR PERSONS; APPLICABILITY OF SECTION 381
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation addresses certain issues related to complete
liquidations when more than one group member owns stock of the
liquidating corporation.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/22/05                     70 FR 8552
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-131128-04
Drafting attorney: Amber Cook (202) 622-7530
Reviewing attorney: Marie Milnes-Vasquez (202) 622-7530
CC: COR
Agency Contact: Amber R. Cook, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, Room 5411, 1111 Constitution Avenue
NW, Washington, DC 20224
Phone: 202 622-7530
RIN: 1545-BD54
_______________________________________________________________________
2620. MANUFACTURER INCENTIVE PAYMENTS IN AN INTERCOMPANY TRANSACTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502; 26 USC 7805
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                    05/00/06
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
CC: COR
Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7072
Email: frances.l.kelly@irscounsel.treas.gov
Related RIN: Related to 1545-BF32
RIN: 1545-BD55
_______________________________________________________________________
2621. ASSET TRANSFERS FOLLOWING PUTATIVE REORGANIZATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides amendments to section 1.368-2. The
amendments address the effect of transfers of the assets or the stock
of parties to a reorganization pursuant to transactions intended to
qualify as reorganizations within the meaning of section 368(a) of the
Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/18/04                    69 FR 51209
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-130863-04
Drafting attorney: Mary W. Lyons (202) 622-7930
Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930
CC: COR
Agency Contact: Mary W. Lyons, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7930
RIN: 1545-BD56
_______________________________________________________________________
2622. AGGREGATE COMPUTATION; ALLOCATION OF RESEARCH CREDIT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 41; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This 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
________________________________________________________________________
NPRM                            05/24/05                    70 FR 29662
Public Hearing                  10/19/05                    70 FR 29662
Final Action                    06/00/06
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
[[Page 23150]]
_______________________________________________________________________
2623. MANDATORY E-FILING FOR FORMS 1120
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6011(e); 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: These regulations will provide that certain entities that
file at least 250 information returns during the calendar year are
required to file their income tax returns electronically.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/12/05                     70 FR 2075
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: REG-130671-04
Drafting attorney: Michael E. Hara (202) 622-4910
Reviewing attorneys: James Gibbons (202) 622-4910 and Carol Nachman
(202) 622-4910
CC: PA: APJ
Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4910
RIN: 1545-BD65
_______________________________________________________________________
2624. USE OF ELECTRONIC TECHNOLOGIES FOR PROVIDING NOTICES AND
TRANSMITTING ELECTIONS AND CONSENTS
Priority: Substantive, Nonsignificant
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                            07/14/05                    70 FR 40675
Hearing                         11/02/05
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-138362-04
Drafting attorney: Pamela R. Kinard (202) 622-6060
Reviewing attorney: Lisa Mojri-Azad (202) 622-6060
Treasury attorney: 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
_______________________________________________________________________
2625. SECTION 704(B)(2) AND SUBSTANTIALITY
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 704(b)(2); 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Clarify the substantiality rules under section 1.704-
1(b)(2)(iii) as to the impact of the tax consequences to owners or
partners on the determination of substantiality.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/18/05                    70 FR 69919
Final Action                    10/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-144620-04
Drafting attorneys: Tim Leska (202) 622-3050
Reviewing attorney: Beverly Katz (202) 622-3060
Treasury attorney: Matthew Lay (202) 622-1788
CC: PSI
Agency Contact: Timothy J. Leska, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3050
RIN: 1545-BD70
_______________________________________________________________________
2626. SPECIAL RULES TO REDUCE SECTION 1446 WITHHOLDING
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 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 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                            05/18/05                    70 FR 28743
Hearing                         11/16/05                    70 FR 57523
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-148649-05
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
[[Page 23151]]
_______________________________________________________________________
2627. FLAT RATE SUPPLEMENTAL WAGE WITHHOLDING
Priority: Substantive, Nonsignificant
Legal Authority: PL 107-16, sec 101(c)(11); PL 103-66, sec 13273; 26
USC 7805
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
Hearing                         06/09/05                    70 FR 21163
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-152945-04
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
_______________________________________________________________________
2628. 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; 26 USC 7805
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            06/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-148864-03 AND 147195-04
Drafting attorney: Melinda K. Fisher (202) 622-4580
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: DPL
Agency Contact: Melinda K. Fisher, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20024
Phone: 202 622-4580
Related RIN: Related to 1545-BC93, Related to 1545-BE01, Related to
1545-BE08
RIN: 1545-BE02
_______________________________________________________________________
2629. DYE INJECTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations relate to the diesel fuel and kerosene excise
tax and reflect changes made by the American Jobs Creation Act of 2004
(Act) regarding mechanical dye injection systems. Under the Act, diesel
fuel and kerosene that are to be used in a nontaxable use must be
indelibly dyed by use of a mechanical dye injection system that
satisfies the requirements set forth in the regulations. The purpose of
the regulations is to establish standards for tamper resistant
mechanical injector dyeing that are reasonable, cost-effective, and set
levels of security commensurate with the applicable facility.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/26/05                    70 FR 21361
Final Action                    07/00/06
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
RIN: 1545-BE04
_______________________________________________________________________
2630. CIRCULAR 230--COVERED OPINION AMENDMENTS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 31 USC 330
CFR Citation: 31 CFR 10
Legal Deadline: None
Abstract: These regulations propose amendments to the standards for tax
opinions related to municipal bonds.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/20/04                    69 FR 75887
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-159824-04
Drafting attorney: Matthew Cooper (202) 622-4940
Reviewing attorney: Richard Goldstein (202) 622-3900
Treasury attorney: Michael Desmond (202) 622-1981
CC: PA: APJ
Agency Contact: Matthew S. Cooper, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room
5135, Washington, DC 20224
Phone: 202 622-8445
Fax: 202 622-1585
Email: matthew.s.cooper@irscounsel.treas.gov
Related RIN: Related to 1545-BA70
RIN: 1545-BE13
_______________________________________________________________________
2631. WITHHOLDING EXEMPTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 3402; 26 USC 7805
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: These regulations provide guidance under section 3402(f) of
the
[[Page 23152]]
Internal Revenue Code for employers and employees relating to the Form
W-4, ``Employee's Withholding Allowance Certificate.'' These
regulations provide rules for the submission of copies of certain
withholding exemption certificates to the IRS, the notification
provided to the employer and the employee of the maximum number of
withholding exemptions permitted, and the use of substitute forms.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/14/05                    70 FR 19721
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-162813-04
Drafting attorney: Margaret A. Owens (202) 622-0047
Reviewing attorney: Janine Cook (202) 622-0047
Treasury attorney: Kevin Knopf (202) 622-2329
CC: TEGE
Agency Contact: Margaret A. Owens, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-0047
Related RIN: Related to 1545-BE21
RIN: 1545-BE20
_______________________________________________________________________
2632. 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           12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-103038-05
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Michael Desmond (202) 622-1981
CC: PSI
Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3080
Related RIN: Related to 1545-BE24
RIN: 1545-BE25
_______________________________________________________________________
2633. 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           12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-103039-05
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Michael Desmond (202) 622-1981
CC:PSI
Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3080
Related RIN: Related to 1545-BE26
RIN: 1545-BE27
_______________________________________________________________________
2634. 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 ``American Jobs Creation Act of 2004.''
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-103043-05
Drafting attorney: Tara P. Volungis (202) 622-3080
Reviewing attorney: Christine Ellison (202) 622-3080
Treasury attorney: Michael Desmond (202) 622-1981
CC: PSI
Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3080
Related RIN: Related to 1545-BE28
RIN: 1545-BE29
_______________________________________________________________________
2635. 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: These regulations will provide guidance 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's or the
taxpayer's taxable
[[Page 23153]]
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                            11/04/05                    70 FR 67220
Final Action                    06/00/06
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 reviewer: George Manousos (202) 622-1335
CC: PSI
Agency Contact: Paul F. Handleman, Senior Technician Reviewer,
Department of the Treasury, Internal Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224
Phone: 202 622-3040
RIN: 1545-BE33
_______________________________________________________________________
2636. GUIDANCE UNDER SUBPART F RELATING TO PARTNERSHIPS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations provide guidance for determining
that a CFC's distributive share of partnership income will qualify for
the exception contained in section 954(i).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/17/06                     71 FR 2496
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-106418-05
Drafting Attorney: Kate Y. Hwa (202) 622-3840
Reviewing Attorney: Phyllis E. Marcus (202) 622-3840
Treasury Attorney: John Harrington (202) 622-0589
CC:INTL
Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-BE34
_______________________________________________________________________
2637. DISREGARDED ENTITIES AND COLLECTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: Amending the regulations governing disregarded entities so
that certain State law entities that currently are disregarded for all
Federal tax purposes will be treated as entities separate from their
owners in collecting and administering Federal employment and certain
excise taxes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/18/05                    70 FR 60475
Final Action                    10/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Additional Information: REG-114371-05
Drafting attorney: Martin Schaffer (202) 622-3070
Reviewing attorney: Jeanne Sullivan (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
_______________________________________________________________________
2638. SPECIAL DEPRECIATION ALLOWANCE-EXTENDED PLACED-IN-SERVICE DATE
(TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provides rules relating to property that is eligible for
extended placed-in-service date for purposes of the additional first
year depreciation allowance.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-120914-05
Drafting attorney: Patrick S. Kirwan (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: George Manousos (202) 622-1335
CC:PSI
Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BE55
RIN: 1545-BE56
_______________________________________________________________________
2639. REGULATIONS UNDER SECTION 263A REGARDING USE OF SIMPLIFIED SERVICE
COST METHOD AND SIMPLIFIED PRODUCTION METHOD
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 263A; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Application of simplified service cost method and simplified
production method to self-constructed assets.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/03/05                    70 FR 44535
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-121584-05
[[Page 23154]]
Drafting attorney: Scott H. Rabinowitz (202) 622-4970
CC:ITA
Agency Contact: Scott H. Rabinowitz, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4970
Related RIN: Related to 1545-BE61
RIN: 1545-BE57
_______________________________________________________________________
2640. LIMITATION ON TRANSFER OF BUILT-IN LOSSES (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 362; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance for applying 26 U.S.C.
362(e) to consolidated groups.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-110405-05
Drafting attorney: Jay M. Singer (202) 622-7530
Reviewing attorney: Filiz Serbes (202) 622-7790
Treasury attorney: Marc Countryman (202) 622-9858
CC: COR
Agency Contact: Jay M. Singer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7530
Related RIN: Related to 1545-BE58
RIN: 1545-BE59
_______________________________________________________________________
2641. ASSUMPTION OF LIABILITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Special rules for assumption of liabilities.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/26/05                    70 FR 30380
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-106736-00
Drafting attorney: Douglas Bates (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
Related RIN: Related to 1545-AX93
RIN: 1545-BE67
_______________________________________________________________________
2642. DIVIDENDS PAID DEDUCTION FOR STOCK HELD IN EMPLOYEE STOCK
OWNERSHIP PLAN
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 USC 404(K)
Legal Deadline: None
Abstract: The regulations will provide guidance, concerning which
corporation is entitled to the deduction provided under section 404(K)
for applicable securities of a corporation held by an ESOP when stock
held by the ESOP is not stock of the employer maintaining the plan and
concerning the disallowance of a deduction under section 404(K) for
payments in redemption of stock held by an ESOP that are used to make
distributions to terminating participants.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/25/05                    70 FR 49897
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-133578-05
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
RIN: 1545-BE74
_______________________________________________________________________
2643. DEFERRED COMPENSATION (PROPOSED)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 409 A
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: Proposed regulations that reflect the enactment of section
885 of the American Jobs Creation Act of 2004.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/04/05                    70 FR 57930
Final Action                    09/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-158080-04
Drafting attorney: Michael B. Hughes (202) 622-6030
CC:TEGE
Agency Contact: Michael B. Hughes, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6030
RIN: 1545-BE79
_______________________________________________________________________
2644. REMIC RESIDUALS--FOREIGN HOLDERS (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations under 26 U.S.C. 860G(b) will govern the
recognition of income associated with REMIC residual interests that is
allocated to a foreign person, including a foreign partner in a U.S.
partnership.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            06/00/06
[[Page 23155]]
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-159929-02
Drafting attorney: Arturo Estrada (202) 622-3900
Treasury attorney: Andrew Froberg (202) 622-1779
CC: FI
Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3900
RIN: 1545-BE81
_______________________________________________________________________
2645. RAILROAD TRACK MAINTENANCE CREDIT (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations provide guidance on claiming the railroad
track maintenance credit under section 45G of the Internal Revenue
Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            04/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Additional Information: REG-142270-05
Drafting attorney: Charles J. Magee (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI
Agency Contact: Charles Magee, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room
5114, Washington, DC 20224
Phone: 202 622-3110
Fax: 202 622-4779
Related RIN: Related to 1545-BE90
RIN: 1545-BE91
_______________________________________________________________________
2646. GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY FORMER
SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 7874
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance under section
7874(c)(2). Section 7874(a)(2)(B) provides that a foreign corporation
will be a surrogate foreign corporation, if among other requirements,
60 percent of the stock of the entity is owned by former shareholders
or partners of the domestic entity by reason of their holding an
interest in the domestic entity. Section 7874(c)(2) states that in
determining ownership under section 7874(a)(2)(B)(ii) stock held by
members of the expanded affiliated group is disregarded.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/28/05                    70 FR 76732
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-143244-05
Drafting Attorney: Jefferson VanderWolk (202) 622-3810
Reviewing Attorney: Milton Cahn (202) 622-3810
CC: INTL
Agency Contact: Jefferson VanderWolk, Special Counsel, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3810
Related RIN: Related to 1545-BE94
RIN: 1545-BE93
_______________________________________________________________________
2647. CAPITAL COSTS INCURRED TO COMPLY WITH EPA SULFUR REGULATIONS
(TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance under section 179B of the
Internal Revenue Code relating to EPA sulfur.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected:  Businesses
Government Levels Affected: Undetermined
Additional Information: REG-143453-05
Drafting attorney: Douglas Kim (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: Douglas Kim, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BE96
RIN: 1545-BE97
_______________________________________________________________________
2648. <bullet> DESIGNATED ROTH ACCOUNTS UNDER SECTION 402A
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: Taxation of distributions from designated Roth accounts in
qualified cash or deferred arrangements under IRC 401(K).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/26/06                     71 FR 4320
NPRM Comment Period End         04/26/06
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Additional Information: REG-146459-05
Drafting attorney: Linda L. Conway (202) 622-6090
Reviewing attorney: Cathy Vohs (202) 622-6090 and Lisa Mohiri-Azad
(202) 622-6090
[[Page 23156]]
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE
Agency Contact: Linda L. Conway, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6090
Related RIN: Related to 1545-BF05
RIN: 1545-BF04
_______________________________________________________________________
2649. <bullet> ELECTION TO EXPENSE CERTAIN REFINERIES
(TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 179C
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provide guidance under section 179C of the Internal Revenue
Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected:  Businesses
Government Levels Affected: Undetermined
Additional Information: REG-146895-05
Drafting attorney: Charles J. Magee (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Drafting attorney: John Parcell (202) 622-2578
CC: PSI
Agency Contact: Charles Magee, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room
5114, Washington, DC 20224
Phone: 202 622-3110
Fax: 202 622-4779
Related RIN: Related to 1545-BF05
RIN: 1545-BF06
_______________________________________________________________________
2650. <bullet> NUCLEAR DECOMMISSIONING COSTS (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: Not Yet Determined
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: Temporary regulations under the Energy Tax Incentives Act of
2005 concerning nuclear decommissioning costs.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-147290-05
Drafting attorney: Bernard P. Harvey (202) 622-3110
Reviewing attorney: Peter C. Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BF08
RIN: 1545-BF09
_______________________________________________________________________
2651. <bullet> CHARITABLE CONTRIBUTIONS OF CERTAIN MOTOR
VEHICLES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 170 (f)(12); 26 USC 6720
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will clarify the rules for determining the
fair market value of a vehicle contributed to charity. The regulations
will provide rules for implementing the new laws, which govern the
requirements for claiming a charitable contribution deduction for a
donated vehicle, and impose penalties under certain circumstances on
donee organizations (26 USC 170(f)(12)and 6720).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: REG-143755-05
Drafting attorney: Patricia M. Zweibel (202) 622-5020
Reviewing attorney: Karin Gross (202) 622-5020
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA
Agency Contact: Patricia Zweibel, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC
20224
Phone: 202 622-5020
Related RIN: Related to 1545-BF29
RIN: 1545-BF10
_______________________________________________________________________
2652. <bullet> CLEAN RENEWABLE ENERGY BONDS (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: PL 109-58, sec 1303(d); 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Newly added section 54 of the Code allows certain specified
entities to issue Clean Renewable Energy Bonds. Taxpayers who purchase
these bonds are entitled to a credit against income tax in lieu of
receiving interest payments from the Clean Renewable Energy Bond
issuers. These regulations explain the requirements for issuing the
bonds and for claiming the tax credit.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: Local, State, Tribal
Additional Information: REG-148071-05
Drafting attorney: Aviva M. Roth (202) 622-3980
Reviewing attorney: Timothy L. Jones (202) 622-1380
Treasury attorney: John Cross (202) 622-1322
CC: TEGE
[[Page 23157]]
Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013,
Washington, DC 20224
Phone: 202 622-3980
Email: aviva.m.roth@irscounsel.treas.gov
Related RIN: Related to 1545-BF11
RIN: 1545-BF12
_______________________________________________________________________
2653. <bullet> CREDIT FOR PRODUCTION FROM ADVANCED NUCLEAR
POWER FACILITIES (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 45J
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: Temporary regulations will provide guidance for
implementation of new section 45J; in particular, regulations will
provide a certification process for approval and allocation of the
national megawatt limitation.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-157616-05
Drafting attorney: Patrick S. Kirwan (202) 622-3110
CC:PSI
Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BF19
RIN: 1545-BF20
_______________________________________________________________________
2654. <bullet> REVISION OF REGULATION TO COMPLY WITH THE
COMMISSIONER'S E-FILE PROGRAM (TEMPORARY)
Priority: Info./Admin./Other
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The project will revise a number of regulations that present
impediments to e-filing. It will also contain proposed regulations
under section 1561.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-161919-05
Drafting attorney: Grid R. Glyer (202) 622-7930
Reviewing attorneys: Theresa Abell (202) 622-7700
 Marc Countryman (202) 622-7530
 Steve Hankin (202) 622-7930
CC: COR
Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-7930
Related RIN: Previously reported as 1545-BF25
RIN: 1545-BF26
_______________________________________________________________________
2655. <bullet> CHARITABLE CONTRIBUTIONS OF QUALIFIED VEHICLES
(TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 170(f)(12); 26 USC 6720
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This temporary regulation will set forth temporary rules
governing the charitable contribution deduction allowed for
contribution of certain vehicles for which a value of more than $500 is
claimed.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: REG-143755-05
Drafting attorney: Patricia M. Zweibel (202) 622-5020
Reviewing attorney: Karin Gross (202) 622-5020
Treasury attorney: Eric San Juan (202) 622-0224
CC:ITA
Agency Contact: Patricia Zweibel, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC
20224
Phone: 202 622-5020
Related RIN: Related to 1545-BF10
RIN: 1545-BF29
_______________________________________________________________________
2656. <bullet> INTERCOMPANY TRANSACTIONS; MANUFACTURER
INCENTIVE PAYMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This final regulation amends section 1.1502-13 by removing an
example from the intercompany transaction regulations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-131264-04
Drafting attorney: Frances L. Kelly (202) 622-7072
CC: COR
Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7072
Email: frances.l.kelly@irscounsel.treas.gov
Related RIN: Related to 1545-BD55
RIN: 1545-BF32
_______________________________________________________________________
2657. <bullet> ENTERTAINMENT EXPENSE DISALLOWANCE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
[[Page 23158]]
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Regulations implementing the JOBS Act 2004 amendments to
section 274(e)(2) and (e)(9), regarding limitations on deductions for
expenses for entertainment of specified individuals.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              01/00/07
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-147171-05
Drafting attorney: Michael A. Nixon (202) 622-4930
Reviewing attorney: George Baker (202) 622-4930
Treasury attorney: Eric San Juan (202) 622-0224
CC:ITA
Agency Contact: Michael A. Nixon, General Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4930
RIN: 1545-BF34
_______________________________________________________________________
2658. <bullet> SECTION 3121(A)(5)(D) REGULATION (SALARY
REDUCTION AGREEMENT) (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6302
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: The temporary regulation defines the term ``salary reduction
agreement'' within the meaning of section 3121(a)(5)(D) as plan or
arrangement whereby payment will be made by an employer to an annuity
described in section 403(b) if an employee elects to reduce his
compensation or if an employee agrees as a condition of employment to
make a mandatory contribution that reduces his compensation.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Governmental Jurisdictions, Organizations
Government Levels Affected: Local, State
Additional Information: REG-155608-02
Drafting attorney: Neil D. Shepherd (202) 622-6040
Reviewing attorney: Lynne Camillo (202) 622-6040
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE
Agency Contact: Neil D. Shepherd, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6040
Related RIN: Previously reported as 1545-BB64
RIN: 1545-BF35
_______________________________________________________________________
2659. <bullet> AMENDMENT OF STATUTORY MERGERS AND
CONSOLIDATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 368; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides transitional relief for certain
transactions initiated before January 23, 2006, the effective date of
final regulations published in TD 9242 (71 FR 4259) under section
368(a)(1)(A).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-109473-06
Drafting attorney: Richard M. Heinecke (202) 622-7930
Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930
CC:COR
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-BA06, Related to 1545-BD76
RIN: 1545-BF36
_______________________________________________________________________
2660. <bullet> DEPRECIATION OF MACRS PROPERTY THAT IS ACQUIRED
IN A LIKE-KIND EXCHANGE OR AS A RESULT OF AN INVOLUNTARY CONVERSION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 168
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provides guidance on how to depreciate MACRS property
acquired in a like-kind exchange under section 1031 or as a result of
an involuntary conversion under 1033 when both the acquired and
relinquished properties are subject to section 168 in the hands of the
acquiring taxpayer.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/01/04                     69 FR 9560
Final Action                    02/00/07
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected:  Businesses
Government Levels Affected: Undetermined
Additional Information: REG-106590-00
Drafting attorney: Charles J. Magee (202) 622-3110
Reviewing attorney: Charles Ramsey (202) 622-3110
Treasury attorney: George Manousos (202) 622-1335
CC: PSI
Agency Contact: Charles Magee, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room
5114, Washington, DC 20224
Phone: 202 622-3110
Fax: 202 622-4779
Related RIN: Related to 1545-BC27, Related to 1545-AY95
RIN: 1545-BF37
[[Page 23159]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Internal Revenue Service (IRS)
_______________________________________________________________________
2661. 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: Teresa B. Hughes
Phone: 202 622-3850
RIN: 1545-AC09
_______________________________________________________________________
2662. FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS RECEIVED,
DEDUCTION, AND OTHER SPECIAL RULES FOR FSC
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/03/87                     52 FR 6467
NPRM Comment Period End         05/02/87
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Carol Tan
Phone: 202 435-5265
RIN: 1545-AI16
_______________________________________________________________________
2663. FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/16/86                    51 FR 17990
Final Action                    12/00/07
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Thomas D. Beem
Phone: 202 622-3860
RIN: 1545-AK74
_______________________________________________________________________
2664. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS
UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/05/88                    53 FR 16233
Hearing                         03/01/89                     54 FR 1189
Final Action                    12/00/07
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Robert W. Lorence
Phone: 202 622-3860
RIN: 1545-AK79
_______________________________________________________________________
2665. 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
_______________________________________________________________________
2666. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/25/90                     55 FR 2535
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jeffrey L. Parry
Phone: 202 622-3850
RIN: 1545-AM90
_______________________________________________________________________
2667. CARIBBEAN BASIN INVESTMENTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/13/91                    56 FR 21963
Hearing                         07/12/91                    56 FR 21963
Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Thomas A. Vidano
Phone: 202 435-5265
RIN: 1545-AM91
_______________________________________________________________________
2668. CONSOLIDATED ALTERNATIVE MINIMUM TAX
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/30/92                    57 FR 62251
NPRM Comment Period End         03/01/93
Hearing                         04/06/93
Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Martin Scully
Phone: 202 622-8066
RIN: 1545-AN73
_______________________________________________________________________
2669. 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
[[Page 23160]]
Agency Contact: Carl M. Cooper
Phone: 202 622-3840
RIN: 1545-AO22
_______________________________________________________________________
2670. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/01/92                    57 FR 29246
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jeffrey L. Parry
Phone: 202 622-3850
RIN: 1545-AQ55
_______________________________________________________________________
2671. INTEREST-FREE ADJUSTMENTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/10/92                    57 FR 58423
NPRM Comment Period End         02/08/93
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Karin Loverud
Phone: 202 622-6080
RIN: 1545-AQ61
_______________________________________________________________________
2672. 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
_______________________________________________________________________
2673. STRADDLES---MISCELLANEOUS ISSUES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/02/95                    60 FR 21482
Final Action                    06/00/07
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Mary Brewer
Phone: 202 622-3950
RIN: 1545-AT46
_______________________________________________________________________
2674. 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
_______________________________________________________________________
2675. 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
_______________________________________________________________________
2676. 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
_______________________________________________________________________
2677. ELECTRONIC TRANSMISSION OF WITHHOLDING CERTIFICATES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/14/97                    62 FR 53504
Next Action Undetermined
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
_______________________________________________________________________
2678. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 49
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/07
[[Page 23161]]
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Taylor Cortright
Phone: 202 622-3130
RIN: 1545-AW19
_______________________________________________________________________
2679. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/07
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
_______________________________________________________________________
2680. DEFINITION OF ACCOUNTING METHOD
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Grant D. Anderson
Phone: 202 622-4930
Fax: 202 622-0735
Email: grant.d.anderson@irscounsel.treas.gov
RIN: 1545-AX21
_______________________________________________________________________
2681. MODIFICATION TO SECTION 367(A) STOCK TRANSFER REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 602
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/07
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Robert W. Lorence
Phone: 202 622-3860
RIN: 1545-AX77
_______________________________________________________________________
2682. 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
_______________________________________________________________________
2683. PAYMENTS FOR INTEREST IN PARTNERSHIP
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/07
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Stacy L. Short
Phone: 202 622-3070
RIN: 1545-AY90
_______________________________________________________________________
2684. TIMELY MAILING TREATMENT
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/21/04                    69 FR 56377
Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Dillon Taylor
Phone: 202 622-4940
Fax: 202 622-1585
Email: dillon.j.taylor@irscounsel.treas.gov
RIN: 1545-BA99
_______________________________________________________________________
2685. AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE CORRECT
INFORMATION RETURNS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/09/03                    68 FR 40857
Final Action                    12/00/07
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: William M. Kostak
Phone: 202 622-4910
RIN: 1545-BB41
_______________________________________________________________________
2686. NOTARIZATION REQUIREMENT FOR STATEMENTS OF PURCHASE
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/10/03                    68 FR 41087
NPRM Comment Period End         10/08/03
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: John T. Ricotta
Phone: 202 622-6060
RIN: 1545-BC11
_______________________________________________________________________
2687. CONTINGENT AT CLOSING ESCROWS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 602
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/01/99                     64 FR 4801
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
[[Page 23162]]
Government Levels Affected: None
Agency Contact: Richard Shevak
Phone: 202 622-8142
Related RIN: Related to 1545-AR82
RIN: 1545-BC16
_______________________________________________________________________
2688. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN
(ASFR)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/18/05                    70 FR 41165
Hearing                         03/08/06
Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Agency Contact: Laura Rebecca Urich
Phone: 202 622-4940
Fax: 202 622-1585
Email: laura.r.urich@irscounsel.treas.gov
Related RIN: Related to 1545-BC46
RIN: 1545-BC45
_______________________________________________________________________
2689. DEFINITION OF LOSS FOR PURPOSES OF THE STRADDLE RULES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/07
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Mary Brewer
Phone: 202 622-3950
RIN: 1545-BC83
_______________________________________________________________________
2690. TRANSACTIONS INVOLVING THE TRANSFER OF NO NET EQUITY VALUE
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/10/05                    70 FR 11903
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jean R. Brenner
Phone: 202 622-7790
RIN: 1545-BC88
_______________________________________________________________________
2691. DISCLOSURES TO SUBCONTRACTORS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/12/05                     70 FR 2076
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses, Governmental Jurisdictions,
Organizations
Government Levels Affected: Federal, Local, State
Agency Contact: Helene R. Newsome
Phone: 202 622-4570
RIN: 1545-BC92
_______________________________________________________________________
2692. ATTAINED AGE OF THE INSURED
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/24/05                    70 FR 29671
NPRM Comment Period End         08/24/05
Public Hearing                  09/14/05                    70 FR 29672
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-BD00
_______________________________________________________________________
2693. HIPAA PORTABILITY: SPECIAL ENROLLMENT PROCEDURES, TOLLING, AND
INTERACTION WITH FMLA
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 54
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/30/04                    69 FR 78800
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Russell Weinheimer
Phone: 202 622-6080
Related RIN: Related to 1545-AW02, Related to 1545-AX84
RIN: 1545-BD51
_______________________________________________________________________
2694. RETURN FOR SUBCHAPTER T COOPERATIVES
Priority: Routine and Frequent. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/29/05                    70 FR 43811
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Matthew P. Howard
Phone: 202 622-4910
RIN: 1545-BD92
_______________________________________________________________________
2695. EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 31
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/07/05                    70 FR 67397
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: Federal
[[Page 23163]]
Agency Contact: Raymond Bailey
Phone: 202 622-4910
Related RIN: Related to 1545-BE00
RIN: 1545-BD93
_______________________________________________________________________
2696. RETURN FOR SUBCHAPTER T COOPERATIVES (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Matthew P. Howard
Phone: 202 622-4910
Related RIN: Related to 1545-BD92
RIN: 1545-BD98
_______________________________________________________________________
2697. APPLICATION OF SECTION 6404(G) SUSPENSION PROVISIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Agency Contact: Julie A. Jebe
Phone: 202 622-7950
RIN: 1545-BE07
_______________________________________________________________________
2698. DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/11/05                    70 FR 12166
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Charles B. Christopher
Phone: 202 622-4580
Charles B. Christopher
Phone: 202 622-4580
Related RIN: Related to 1545-BC93, Related to 1545-BE02, Related to
1545-BE01
RIN: 1545-BE08
_______________________________________________________________________
2699. INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED INTELLECTUAL
PROPERTY CONTRIBUTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 602
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/23/05                    70 FR 29460
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Matthew P. Howard
Phone: 202 622-4910
RIN: 1545-BE11
_______________________________________________________________________
2700. EMPLOYER COMPARABLE CONTRIBUTIONS TO HEALTH SAVINGS ACCOUNTS UNDER
SECTION 4980G
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 54
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Hearing                         02/23/06
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Agency Contact: Shoshanna Tanner
Phone: 202 622-6080
RIN: 1545-BE30
_______________________________________________________________________
2701. DOMESTIC WORKERS REGULATION UPDATE (APPLICATION OF THE FEDERAL
INSURANCE CONTRIBUTIONS ACT TO PAYMENTS MADE FOR CERTAIN SERVICES)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/26/05                    70 FR 50228
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Sylvan V. Boominathan
Phone: 202 622-0047
RIN: 1545-BE32
_______________________________________________________________________
2702. LIMITATION ON TRANSFER OF BUILT-IN LOSSES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jay M. Singer
Phone: 202 622-7530
Related RIN: Related to 1545-BE59
RIN: 1545-BE58
_______________________________________________________________________
2703. SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/07/05                    70 FR 67397
Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Allen David Madison
Phone: 202 622-4940
Fax: 202 622-1585
Email: allen.d.madison@irscounsel.treas.gov
Related RIN: Related to 1545-BE63
RIN: 1545-BE62
_______________________________________________________________________
2704. CONVERTING AN IRA ANNUITY TO A ROTH IRA
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: Not Yet Determined
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/22/05                    70 FR 48924
Next Action Undetermined
[[Page 23164]]
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Cathy A. Vohs
Phone: 202 622-6090
Related RIN: Related to 1545-BE66
RIN: 1545-BE65
_______________________________________________________________________
2705. ABANDONMENT OF STOCK AND OTHER SECURITIES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/07
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Sean Dwyer
Phone: 202 622-5020
RIN: 1545-BE80
_______________________________________________________________________
2706. FOREIGN CURRENCY CONTRACT DEFINED
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Stephen J. Coleman
Phone: 202 622-6289
Related RIN: Related to 1545-BE83
RIN: 1545-BE82
_______________________________________________________________________
2707. TREATMENT OF EXCESS LOSS ACCOUNTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/26/06                     71 FR 4319
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Theresa M. Kolish
Phone: 202 622-7530
Fax: 202 622-7556
Email: theresa.m.kolish@irscounsel.treas.gov
Theresa M. Kolish
Phone: 202 622-7530
Fax: 202 622-7556
Email: theresa.m.kolish@irscounsel.treas.gov
RIN: 1545-BE87
_______________________________________________________________________
2708. APPLICATION OF SECTION 338 TO INSURANCE COMPANIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Mark Weiss
Phone: 202 622-7790
Related RIN: Related to 1545-AY49
RIN: 1545-BF02
_______________________________________________________________________
2709. <bullet> FAILURE TO MAINTAIN LIST OF ADVISEES WITH
RESPECT TO REPORTABLE TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301.6708-1T
Legal Deadline: None
Abstract: Temporary regulation regarding the penalty imposed under
section 6708 for a person required to maintain a list under section
6112 who fails to make the list available upon the request by the
Secretary.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule               To Be                       Determined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-160873-04
Drafting attorney: Allen David Madison (202) 622-4940
Reviewing attorney: Janice Feldman (202) 622-4940
CC: PA: APJ
Agency Contact: Allen David Madison, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room
5135, CC: PA: APJP: B02, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: allen.d.madison@irscounsel.treas.gov
RIN: 1545-BF38
_______________________________________________________________________
2710. <bullet> FAILURE TO MAINTAIN LIST OF ADVISEES WITH
RESPECT TO REPORTABLE TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301.6708-1
Legal Deadline: None
Abstract: Proposed regulation regarding the penalty imposed under
section 6708 for a person required to maintain a list under section
6112 who fails to make the list available upon the request by the
Secretary.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                             To Be                       Determined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-160873-04
Drafting attorney: Allen David Madison (202) 622-4940
Reviewing attorney: Janice Feldman (202) 622-4940
CC: PA: APJ
Agency Contact: Allen David Madison, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room
5135, CC: PA: APJP: B02, Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: allen.d.madison@irscounsel.treas.gov
RIN: 1545-BF39
_______________________________________________________________________
2711. <bullet> ACCURACY-RELATED PENALTIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6662A; 26 USC 6662; 26 USC 6664; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Temporary regulations regarding the new provisions and
[[Page 23165]]
amendments made to code sections 6662, 6662A, and 6664 by the American
Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations            To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-160870-04
Drafting Attorney: Laura R. Urich (202) 622-4940
CC: PA: APJ
Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4940
Fax: 202 622-1585
Email: laura.r.urich@irscounsel.treas.gov
RIN: 1545-BF41
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Internal Revenue Service (IRS)
_______________________________________________________________________
2712. ESCROW FUNDS AND OTHER SIMILAR FUNDS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9249                            02/07/06                     71 FR 6197
Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Richard Shevak
Phone: 202 622-8142
Related RIN: Related to 1545-BD19
RIN: 1545-AR82
_______________________________________________________________________
2713. DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9234                            12/19/05                    70 FR 75028
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Johanna Som de Cerff
Phone: 202 622-3980
RIN: 1545-AU98
_______________________________________________________________________
2714. HIGHWAY VEHICLE--DEFINITION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 48
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
NPRM Withdrawn                  08/10/05                    70 FR 47160
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Celia A. Gabrysh
Phone: 202 622-3130
RIN: 1545-AX10
_______________________________________________________________________
2715. NORMAL RETIREMENT AGE FOR PENSION PLANS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
No Further Action Contemplated  04/07/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Janet A. Laufer
Phone: 202 622-6080
RIN: 1545-AY61
_______________________________________________________________________
2716. TAX TREATMENT OF CAFETERIA PLANS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Incorporated into RIN 1545-BF00 04/07/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Agency Contact: Shoshanna Tanner
Phone: 202 622-6080
RIN: 1545-AY67
_______________________________________________________________________
2717. MERGERS INVOLVING DISREGARDED ENTITIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9242                            01/26/06                     71 FR 4259
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Richard M. Heinecke
Phone: 202 622-7930
Related RIN: Related to 1545-BB46
RIN: 1545-BA06
_______________________________________________________________________
2718. PROVISIONS REGARDING CROSS-BORDER TRANSACTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9243                            01/26/06                     71 FR 4276
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Robert W. Lorence
Phone: 202 622-3860
RIN: 1545-BA65
[[Page 23166]]
_______________________________________________________________________
2719. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9241                            01/24/06                     71 FR 4002
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Faith Colson
Phone: 202 622-3060
Related RIN: Related to 1545-AU15
RIN: 1545-BA83
_______________________________________________________________________
2720. COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 40; 26 CFR 49
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9221                            08/25/05                    70 FR 49869
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Taylor Cortright
Phone: 202 622-3130
Related RIN: Related to 1545-BB76
RIN: 1545-BB75
_______________________________________________________________________
2721. APPLICATION OF NONDISCRIMINATION CROSS-TESTING RULES TO CASH
BALANCE PLANS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
No Further Action Contemplated  04/07/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Agency Contact: Linda S.F. Marshall
Phone: 202 622-6090
Related RIN: Related to 1545-BA10
RIN: 1545-BB79
_______________________________________________________________________
2722. DETERMINATION OF SINGLE-SUM DISTRIBUTIONS FROM CASH BALANCE PLANS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
No Further Action Contemplated  04/07/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Organizations
Government Levels Affected: None
Agency Contact: Linda S.F. Marshall
Phone: 202 622-6090
RIN: 1545-BB93
_______________________________________________________________________
2723. DETERMINATION OF BASIS OF SECURITIES RECEIVED IN EXCHANGE OR WITH
RESPECT TO A STOCK OR SECURITIES IN CERTAIN TRANSACTIONS
Priority: Other Significant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9244                            01/26/06                     71 FR 4264
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Theresa M. Kolish
Phone: 202 622-7530
Fax: 202 622-7556
Email: theresa.m.kolish@irscounsel.treas.gov
RIN: 1545-BC05
_______________________________________________________________________
2724. VALUE OF LIFE INSURANCE WHEN DISTRIBUTED FROM A QUALIFIED
RETIREMENT PLAN
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9223                            08/29/05                    70 FR 50967
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Bruce Perlin
Phone: 202 622-6090
RIN: 1545-BC20
_______________________________________________________________________
2725. SECTION 411(D)(6) PROTECTED BENEFITS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 54
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9219                            08/12/05                    70 FR 47109
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Pamela R. Kinard
Phone: 202 622-6060
RIN: 1545-BC26
_______________________________________________________________________
2726. GUIDANCE ON PFIC PURGING ELECTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9231                            12/08/05                    70 FR 72914
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Ethan A. Atticks
Phone: 202 622-3840
RIN: 1545-BC49
_______________________________________________________________________
2727. PARTNERSHIPS AND DEEMED DISPOSITIONS OF UNREALIZED RECEIVABLES AND
INVENTORY ITEMS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
[[Page 23167]]
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       02/08/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Charlotte Chyr
Phone: 202 622-3070
RIN: 1545-BC65
_______________________________________________________________________
2728. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS
OF A CONSOLIDATED GROUP
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9192                            03/22/05                    70 FR 14395
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Amber R. Cook
Phone: 202 622-7530
Related RIN: Related to 1545-BC38, Related to 1545-BC39
RIN: 1545-BC74
_______________________________________________________________________
2729. DETERMINATION OF RESIDENCY IN U.S. POSSESSIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9248                            01/31/06                     71 FR 4996
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: J. David Varley
Phone: 202 435-5265
RIN: 1545-BC86
_______________________________________________________________________
2730. SICKNESS OR ACCIDENT DISABILITY PAYMENTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9233                            12/15/05                    70 FR 74198
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Local, State
Agency Contact: David R. Ford
Phone: 202 622-6040
RIN: 1545-BC89
_______________________________________________________________________
2731. 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
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9192                            03/22/05                    70 FR 14395
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Amber R. Cook
Phone: 202 622-7530
Related RIN: Related to 1545-BC96
RIN: 1545-BC95
_______________________________________________________________________
2732. DEEMED IRAS IN GOVERNMENTAL PLANS/QUALIFIED NONBANK TRUSTEE RULES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
No Further Action Contemplated  04/07/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda L. Conway
Phone: 202 622-6090
RIN: 1545-BD07
_______________________________________________________________________
2733. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       02/17/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda S.F. Marshall
Phone: 202 622-6090
RIN: 1545-BD13
_______________________________________________________________________
2734. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5)
(TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       02/17/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda S.F. Marshall
Phone: 202 622-6090
Related RIN: Related to 1545-BD13
RIN: 1545-BD14
_______________________________________________________________________
2735. STOCK HELD BY FOREIGN INSURANCE COMPANIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9226                            10/03/05                    70 FR 57509
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Sheila Ramaswamy
Phone: 202 622-3870
RIN: 1545-BD27
[[Page 23168]]
_______________________________________________________________________
2736. GUIDANCE ON PFIC PURGING ELECTIONS (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9232                            12/08/05                    70 FR 72908
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Ethan A. Atticks
Phone: 202 622-3840
Related RIN: Related to 1545-BC37
RIN: 1545-BD33
_______________________________________________________________________
2737. LIFO RECAPTURE UNDER SECTION 1363(D)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9210                            07/12/05                    70 FR 39920
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Pietro E. Canestrelli
Phone: 202 622-3060
Related RIN: Related to 1545-BC66
RIN: 1545-BD34
_______________________________________________________________________
2738. CLARIFICATION OF DEFINITIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9246                            01/30/06                     71 FR 4815
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Thomas D. Beem
Phone: 202 622-3860
Related RIN: Related to 1545-BD43
RIN: 1545-BD37
_______________________________________________________________________
2739. APPLICATION OF SECTION 367 IN CROSS BORDER SECTION 304
TRANSACTIONS; CERTAIN TRANSFERS OF STOCK INVOLVING FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9250                            02/21/06                     71 FR 8802
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Tasheaya L. Warren Ellison
Phone: 202 622-3870
RIN: 1545-BD46
_______________________________________________________________________
2740. SECTION 951 PRO RATA RULES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9222                            08/25/05                    70 FR 49864
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jeffrey L. Vinnik
Phone: 202 622-3840
RIN: 1545-BD49
_______________________________________________________________________
2741. CONTINUITY OF INTEREST/STOCK FLUCTUATION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9225                            09/16/05                    70 FR 54631
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Lisa S. Dobson
Phone: 202 622-5429
Email: lisa.s.dobson@irscounsel.treas.gov
RIN: 1545-BD53
_______________________________________________________________________
2742. DISABLED ACCESS CREDIT
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
No Further Action Contemplated  04/07/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Kelly R. Morrison-Lee
Phone: 202 622-3120
RIN: 1545-BD69
_______________________________________________________________________
2743. GUIDANCE UNDER SECTION 6501(C)(1) REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       02/10/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Matthew S. Cooper
Phone: 202 622-8445
Fax: 202 622-1585
Email: matthew.s.cooper@irscounsel.treas.gov
RIN: 1545-BD73
_______________________________________________________________________
2744. GUIDANCE UNDER SECTION 368 REGARDING MERGERS WITH AND INTO A
FOREIGN CORPORATION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 368
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9242                            01/26/06                     71 FR 4259
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Richard M. Heinecke
[[Page 23169]]
Phone: 202 622-7930
RIN: 1545-BD76
_______________________________________________________________________
2745. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9235                            12/16/05                    70 FR 74658
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Ronald M. Gootzeit
Phone: 202 622-3860
Related RIN: Related to 1545-BD78
RIN: 1545-BD77
_______________________________________________________________________
2746. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9197                            04/14/05                    70 FR 19697
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Ronald M. Gootzeit
Phone: 202 622-3860
Related RIN: Related to 1545-BD77
RIN: 1545-BD78
_______________________________________________________________________
2747. SECTION 1374 EFFECTIVE DATES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9236                            12/21/05                    70 FR 75730
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Stephen R. Cleary
Phone: 202 622-7750
Related RIN: Related to 1545-BD99
RIN: 1545-BD95
_______________________________________________________________________
2748. DISCLOSURE OF RELATIVE VALUES OF OPTIONAL FORMS OF BENEFIT
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      03/24/06                    71 FR 14798
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Agency Contact: Bruce Perlin
Phone: 202 622-6090
RIN: 1545-BD97
_______________________________________________________________________
2749. EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944
(TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9239                            01/03/06                        71 FR 6
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: Federal
Agency Contact: Raymond Bailey
Phone: 202 622-4910
Related RIN: Related to 1545-BD93
RIN: 1545-BE00
_______________________________________________________________________
2750. DESIGNATED ROTH CONTRIBUTIONS UNDER CASH OR DEFERRED ARRANGEMENTS
UNDER SECTION 401(K)
Priority: Substantive, Nonsignificant
CFR Citation: None
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9237                            01/03/06                        71 FR 6
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: R. Lisa Mojiri-Azad
Phone: 202 622-6080
RIN: 1545-BE05
_______________________________________________________________________
2751. DISCLOSURE OF RETURN INFORMATION TO THE DEPARTMENT OF AGRICULTURE
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9245                            02/22/06                     71 FR 8945
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Agency Contact: Deborah C. Lambert-Dean
Phone: 202 622-4570
RIN: 1545-BE15
_______________________________________________________________________
2752. EXCLUSIONS FROM GROSS INCOME OF FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9218                            08/08/05                    70 FR 45529
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Patricia A. Bray
Phone: 202 622-3880
RIN: 1545-BE16
_______________________________________________________________________
2753. BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE
PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 801
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9227                            10/17/05                    70 FR 60214
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Agency Contact: Karen Keller
[[Page 23170]]
Phone: 202 622-7919
Related RIN: Related to 1545-BE45
RIN: 1545-BE46
_______________________________________________________________________
2754. MODIFICATIONS TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9239                            01/03/06                       71 FR 46
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Audra M. Dineen
Phone: 202 622-4940
Related RIN: Related to 1545-BE49, Merged with 1545-BD93, Merged with
1545-BE00
RIN: 1545-BE48
_______________________________________________________________________
2755. MODIFICATION TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302
(TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9239                            01/03/06                       71 FR 46
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Audra M. Dineen
Phone: 202 622-4940
Related RIN: Related to 1545-BE48, Merged with 1545-BD93, Merged with
1545-BE00
RIN: 1545-BE49
_______________________________________________________________________
2756. LOW-INCOME HOUSING CREDIT ALLOCATION AND CERTIFICATION; REVISIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9228                            11/07/05                    70 FR 67355
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Paul F. Handleman
Phone: 202 622-3040
RIN: 1545-BE50
_______________________________________________________________________
2757. APPLICATION OF THE FEDERAL INSURANCE CONTRIBUTIONS ACT, FEDERAL
UNEMPLOYMENT TAX ACT, AND COLLECTION OF INCOME TAX AT SOURCE TO
STATUTORY STOCK OPTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/15/05                    70 FR 38057
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Paul J. Carlino
Phone: 202 622-0047
Related RIN: Related to 1545-BA26
RIN: 1545-BE60
_______________________________________________________________________
2758. SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081 (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9229                            11/07/05                    70 FR 67350
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Allen David Madison
Phone: 202 622-4940
Fax: 202 622-1585
Email: allen.d.madison@irscounsel.treas.gov
Related RIN: Related to 1545-BE62
RIN: 1545-BE63
_______________________________________________________________________
2759. CONVERTING AN IRA ANNUITY TO A ROTH IRA (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation Completed
by TD 9220                      08/22/05                    70 FR 48868
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cathy A. Vohs
Phone: 202 622-6090
Related RIN: Related to 1545-BE65
RIN: 1545-BE66
_______________________________________________________________________
2760. QUALIFIED SEVERANCE OF A TRUST FOR GENERATION-SKIPPING TRANSFER
(GST) TAX PURPOSES II
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 26
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       04/07/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Mayer R. Samuels
Phone: 202 622-3090
RIN: 1545-BE70
_______________________________________________________________________
2761. SPECIAL RULE REGARDING CERTAIN SECTION 951 PRO RATA SHARE
ALLOCATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9251                            02/22/06                     71 FR 8943
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jefferson Vanderwolk
Phone: 202 622-3800
RIN: 1545-BE71
[[Page 23171]]
_______________________________________________________________________
2762. GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY FORMER
SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9238                            12/28/05                    70 FR 76685
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jefferson VanderWolk
Phone: 202 622-3810
Related RIN: Related to 1545-BE93
RIN: 1545-BE94
_______________________________________________________________________
2763. CAFETERIA PLANS (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Incorporated into RIN 1545-BF00 04/07/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Elizabeth A. Purcell
Phone: 202 622-6080
Related RIN: Related to 1545-BF00
RIN: 1545-BF01
_______________________________________________________________________
2764. <bullet> GUIDANCE UNDER SUBPART F RELATING TO
PARTNERSHIPS (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 954
Legal Deadline: None
Abstract: These temporary regulations will provide guidance for
determining that a CFC's distributive share of partnership income will
qualify for the exception contained in section 954(i).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9240                            01/17/06                     71 FR 2462
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
Related RIN: Related to 1545-BE34
RIN: 1545-BF15
_______________________________________________________________________
2765. <bullet> INFORMATION REPORTING RELATING TO TAXABLE STOCK
TRANSACTIONS
Priority: Routine and Frequent
Legal Authority: 26 USC 6043(c); 26 USC 6045; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Final regulations requiring information reporting if control
of a corporation is acquired, or the corporation has a substantial
change in capital structure. Final regulations concerning information
reporting requirements for brokers with respect to transactions
described in IRC section 6043(c).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9230                            12/05/05                    70 FR 72376
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-156232-03
Drafting attorney: Michael E. Hara (202) 622-4910
Reviewing attorney: Tiffany P. Smith (202) 622-4910
CC: PA: APJ
Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4910
RIN: 1545-BF18
_______________________________________________________________________
2766. <bullet> PROCEDURES FOR ADMINISTRATIVE REVIEW OF A
DETERMINATION THAT AN AUTHORIZED RECIPIENT HAS FAILED TO SAFEGUARD
FEDERAL TAX RETURNS OR RETURN INFORMATION (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: Treasury regulation section 301.6103(p)(7)-1 is withdrawn.
This NPRM and cross-referenced temporary regulation provide the notice,
appeal, and disclosure termination procedures applicable to authorized
recipients of Federal tax returns and return information who fail to
provide proper safeguarding of the information.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Rule                      02/24/06                     71 FR 9449
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-157271-05
Drafting attorney: Melinda K. Fisher (202) 622-4580
Reviewing attorney: Margo L. Stevens (202) 622-4560
CC:PA:DPL
Agency Contact: Melinda K. Fisher, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20024
Phone: 202 622-4580
Related RIN: Related to 1545-BF21
RIN: 1545-BF22
_______________________________________________________________________
2767. <bullet> ALLOCATION AND APPORTIONMENT OF EXPENSES;
ALTERNATIVE METHOD FOR DETERMINING TAX BOOK VALUE OF ASSETS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 0864
[[Page 23172]]
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This final rule provides guidance with respect to methods of
apportioning interest expenses under section 864(e).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action completed by TD
9247                            01/30/06                     71 FR 4813
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-129447-01
Drafting Attorney: David F. Bergkuist (202) 622-3850
Reviewing Attorney: Anne O. Devereaux (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
Related RIN: Related to 1545-BA02, Related to 1545-BA92
RIN: 1545-BF23
_______________________________________________________________________
2768. <bullet> AGENT OF THE GROUP ISSUES UNDER SECTION 7874
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: In general, the common parent of an affilated group of
corporations filing a consolidated Federal income tax return is the
``agent for the group'' that the IRS deals with for tax matters
affecting all corporations in the group. Under new Internal Revenue
Code section 7874, a foreign corporation may sometimes be the common
parent of a consolidated group. To avoid potential problems for the IRS
in dealing with a foreign common parent, the regulations would require
that a group member incorporated in the United States be the agent for
the group.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Rule                      03/14/06                    71 FR 13001
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-164247-05
Drafting attorney: Stephen R. Cleary (202) 622-7750
CC:COR
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-BF31
RIN: 1545-BF30
_______________________________________________________________________
2769. <bullet> AGENT OF THE GROUP ISSUES UNDER SECTION 7874
(TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: In general, the common parent of an affiliated group of
corporations filing a consolidated Federal income tax return is the
``agent for the group'' that the IRS deals with for tax matters
affecting all corporations in the group. Under new Internal Revenue
Code section 7874, a foreign corporation may sometimes be the common
parent of a consolidated group. To avoid potential problems for the IRS
in dealing with a foreign common parent, the regulations would require
that a group member incorporated in the United States be the agent for
the group.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    03/14/06                    71 FR 13001
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-164247-05
Drafting attorney: Stephen R. Cleary (202) 622-7750
CC:COR
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-BF30
RIN: 1545-BF31
BILLING CODE 6720--01--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________
2770. <bullet> PROCEDURES TO ENHANCE THE ACCURACY AND
INTEGRITY OF INFORMATION FURNISHED TO CONSUMER REPORTING AGENCIES UNDER
SECTION 312 OF THE FAIR AND ACCURATE CREDIT TRANSACTIONS ACT
Priority: Substantive, Nonsignificant
Legal Authority: Not Yet Determined
CFR Citation: 12 CFR 571
Legal Deadline: None
Abstract: The Office of the Comptroller of the Currency, Federal
Reserve Board, Federal Deposit Insurance Corporation, Office of Thrift
Supervision, National Credit Union Administration and Federal Trade
Commission are seeking to gather information for developing guidelines
and regulations required by section 312 of the Fair and Accurate Credit
Transactions Act (FACT Act). Pursuant to section 312, the agencies must
(1) Establish guidelines for use by persons that furnish information to
consumer reporting agencies regarding the accuracy and integrity of the
consumer information that they furnish to those agencies; and (2)
prescribe regulations that require furnishers to establish reasonable
policies and procedures for implementing the guidelines. Section 312
also requires the agencies jointly to prescribe regulations that
identify the circumstances under which a furnisher shall be required to
reinvestigate a dispute concerning the accuracy of
[[Page 23173]]
information contained in a consumer report on a consumer based on a
direct request of the consumer.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: 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-AC01
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________
2771. 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                            04/00/06
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
_______________________________________________________________________
2772. 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.
[[Page 23174]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: Undetermined
Federalism:  Undetermined
Agency Contact: Judi McCormick, Director, Consumer Protection and
Specialized Programs, Department of the Treasury, Office of Thrift
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-5636
Karen Osterloh, Special Counsel, Regulations and Legislation Division,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906-6639
John P. Harootunian, Senior Attorney, Business Transactions Division,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906-6415
RIN: 1550-AB92
_______________________________________________________________________
2773. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR
FINANCIAL INSTITUTIONS AND CREDITORS
Priority: Substantive, Nonsignificant
Legal Authority: 15 USC 1681m; 15 USC 1681c; 15 USC 1681s
CFR Citation: 12 CFR 571
Legal Deadline: None
Abstract: The banking agencies, NCUA, and FTC also plan to issue a
proposed rule implementing sections 114 and 315 of the FACT Act.
Section 114 requires the agencies to develop guidelines for use in
identifying patterns, practices, and specific forms of activity that
indicate the possible existence of identity theft. The agencies are
also required to issue regulations requiring each financial institution
and creditor to establish reasonable policies and procedures to
implement such guidelines. The regulations must contain a provision
requiring a card issuer to notify the cardholder if the card issuer
receives a notice of change of address for an existing account, and a
short time later receives a request for an additional or replacement
card. Section 315 requires the agencies to issue regulations regarding
reasonable policies and procedures that a user of a consumer report
should employ when the user receives a notice of address discrepancy
from a consumer reporting agency.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected:  Businesses
Government Levels Affected: None
Federalism:  Undetermined
Agency Contact: Richard Bennett, Counsel, Regulations and Legislation
Division, Department of the Treasury, Office of Thrift Supervision,
1700 G Street NW., Washington, DC 20552
Phone: 202 906-7409
Glenn S. Gimble, Senior Project Manager, Thrift Policy, Department of
the Treasury, Office of Thrift Supervision, 1700 G Street NW.,
Washington, DC 20552
Phone: 202 906-7158
RIN: 1550-AB94
_______________________________________________________________________
2774. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES;
MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS
Priority: Other Significant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 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. In October 2005, the
agencies published an ANPRM suggesting various approaches designed to
enhance the framework's risk sensitivity and to minimize competitive
disparities between larger banking organizations that will be subject
to the advanced approaches implemented under the new Basel Capital
Framework and other banking organizations that will not be subject to
these advanced approaches. After a review of public comments on the
ANPRM, the agencies plan to publish an NPRM implementing domestic
capital modifications.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           10/20/05                    70 FR 61068
ANPRM Comment Period End        01/18/06
NPRM                            05/00/06
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
Teresa Scott, Counsel (Banking and Finance), Department of the
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington,
DC 20552
Phone: 202 906-6478
Karen Osterloh, Special Counsel, Regulations and Legislation Division,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906-6639
RIN: 1550-AB98
_______________________________________________________________________
2775. <bullet> FEDERAL SAVINGS ASSOCIATION BYLAWS; INTEGRITY
OF DIRECTORS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464;
12 USC 1467a; 12 USC 2901 et seq
CFR Citation: 12 CFR 544; 12 CFR 552
Legal Deadline: None
Abstract: OTS is proposing to change its regulations concerning
corporate governance to include a preapproved bylaw that federally
chartered savings associations and mutual holding companies may adopt
to preclude persons who, among other things, are under indictment for
or have been convicted of certain crimes involving dishonesty or breach
of trust, or have
[[Page 23175]]
been subject to certain cease and desist orders entered by any of the
banking agencies, from being members of or nominating others to be on
the Federal Savings Association's or mutual holding company's board of
directors.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/14/06                     71 FR 7695
NPRM Comment Period End         04/17/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Aaron Kahn, Assistant Chief Counsel, Business
Transactions Division, Department of the Treasury, Office of Thrift
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906-6263
Don Dwyer, Director, Applications, Examinations and Supervision -
Operations, Department of the Treasury, Office of Thrift Supervision,
1700 G Street NW., Washington, DC 20552
Phone: 202 906-6414
RIN: 1550-AC00
_______________________________________________________________________
2776. <bullet> RISK BASED CAPITAL--MARKET RISK RULE
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464;
12 USC 1467a; 12 USC 1828 note
CFR Citation: 12 CFR 567
Legal Deadline: None
Abstract: The OTS is proposing a market risk capital rule that would
require certain savings associations to adjust their risk-based capital
ratios to explicitly reflect market risk. The proposed rule would be
substantively identical to the rules adopted by the other banking
agencies (OCC, FRB, and FDIC), including rules reflecting the agencies'
views on the U.S. implementing trading book improvements in
international accords.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Austin C. Hong, Senior Analyst, Department of the
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington,
DC 20552
Phone: 202 906-6389
Christine Smith, Project Manager for Supervision Policy, Department of
the Treasury, Office of Thrift Supervision, 1700 G Street NW.,
Washington, DC 20552
Phone: 202 906-5740
Karen Osterloh, Special Counsel, Regulations and Legislation Division,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906-6639
RIN: 1550-AC02
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________
2777. FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS
Priority: Other Significant
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 to the FCRA. This
new 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 solicitation for marketing purposes to a
consumer, unless the consumer is given notice and an opportunity and
simple method to opt out of the making of such solicitations.
The comment period closed in August 2004 and the final rule is being
developed by the various agencies.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/15/04                    69 FR 42502
NPRM Comment Period End         08/16/04
Final Rule                      04/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: 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
Related RIN: Related to 1550-AB33
RIN: 1550-AB90
[[Page 23176]]
_______________________________________________________________________
2778. <bullet> SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR
EMPLOYEES OF THE DEPARTMENT OF TREASURY
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 5 USC 7301; 5 USC 7353; 5 USC App. (Ethics
in Government Act of 1978); 18 USC 212; 18 USC 213; 26 USC 7214(b); EO
12674, 54 FR 15159, 3 CFR, 1989 Comp., p. 215, as modified by EO 12731,
55 FR 42547, 3 CFR, 1990 Comp., p. 306; 5 CFR 2635.105; 5 CFR
2635.203(a); 5 CFR 2635.403(a); 5 CFR 2635.803; 5 CFR
2635.807(a)(2)(ii)
CFR Citation: 5 CFR Part 3101
Legal Deadline: None
Abstract: The Department of the Treasury (Department) is amending the
Supplemental Standards of Ethical Conduct for Employees of the
Department. The final rule revises the circumstances under which
covered Office of Thrift Supervision (OTS) employees may obtain credit
cards and loans secured by a principal residence from OTS-regulated
savings associations or their subsidiaries. This amendment also
modifies rules on disqualifications.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Rule                      04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Peter Coniglio, Senior Ethics Counsel, Department of
the Treasury, 15th & Pennsylvania Avenue NW, Washington, DC 20220
Phone: 202 622-3824
Elizabeth Moore, Special Counsel, Litigation Division, Department of
the Treasury, Office of Thrift Supervision, 1700 G Street, NW.,
Washington, DC 20552
Phone: 202 906-7039
RIN: 1550-AC03
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________
2779. 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)
_______________________________________________________________________
2780. FAIR CREDIT REPORTING MEDICAL INFORMATION REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 571
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              06/10/05                    70 FR 33958
Interim Final Rule Comment
Period End                      07/11/05
Interim Final Rule Effective    03/07/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Richard Bennett
Phone: 202 906-7409
Glenn S. Gimble
Phone: 202 906-7158
RIN: 1550-AB88
_______________________________________________________________________
2781. SPECIAL RULES FOR ADJUDICATORY PROCEEDINGS FOR CERTAIN HOLDING
COMPANIES
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 509
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule Effective    04/01/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Donna Deale
Phone: 202 906-7488
Aaron Kahn
Phone: 202 906-6263
RIN: 1550-AB96
_______________________________________________________________________
2782. ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 507; 12 CFR 509
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    11/17/05                    70 FR 69634
Final Action Effective          12/17/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
[[Page 23177]]
Government Levels Affected: None
Agency Contact: Karen Osterloh
Phone: 202 906-6639
Elizabeth Moore
Phone: 202 906-7039
Lori J. Quigley
Phone: 202 906-6265
RIN: 1550-AB99
[FR Doc. 06-3048 Filed 04-21-06; 8:45 am]
BILLING CODE 6720-01-S
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