<DOC>
[October 31,2005  (Volume 70, Number 209)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID: f:ua051016.wais]
[Page 65034-65157]
Department of the Treasury
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Part XVI
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Semiannual Regulatory Agenda
[[Page 65034]]
DEPARTMENT OF THE TREASURY (TREAS)
_______________________________________________________________________
DEPARTMENT OF THE TREASURY
31 CFR Subtitle A, Chs. I and II
Semiannual Agenda and Fiscal Year 2006 Regulatory Plan
AGENCY: Department of the Treasury.
ACTION: Semiannual regulatory agenda and annual regulatory plan.
_______________________________________________________________________
SUMMARY: This notice is given pursuant to the requirements of the
Regulatory Flexibility Act (Pub. L. 96-354, September 19, 1980) and
Executive Order (E.O.) 12866 (``Regulatory Planning and Review,''
September 30, 1993), which require the publication by the Department of
a semiannual agenda of regulations. E.O. 12866 also requires the
publication by the Department of a regulatory plan for fiscal year
2006.
FOR FURTHER INFORMATION CONTACT: The Agency Contact identified in the
item relating to that regulation.
SUPPLEMENTARY INFORMATION: On November 25, 2002, the President signed
the Homeland Security Act of 2002 (the Act), establishing the
Department of Homeland Security (DHS). The Act transferred the U.S.
Customs Service from the Department of the Treasury to DHS, where it is
now known as the Bureau of Customs and Border Protection.
Notwithstanding the transfer of the Customs Service to DHS, the Act
provides that the Secretary of the Treasury retains sole legal
authority over the customs revenue functions, and authorizes the
Secretary to delegate any of this retained authority to the Secretary
of Homeland Security. By Treasury Department Order No. 100-16, the
Secretary of the Treasury delegated to the Secretary of Homeland
Security authority to prescribe regulations pertaining to the customs
revenue functions. This Order further provided that the Secretary of
the Treasury retained the sole authority to approve any such
regulations concerning import quotas or trade bans; user fees; marking
and labeling; copyright and trademark enforcement; and the completion
of entry or substance of entry summary, including duty assessment and
collection, classification, valuation, application of the U.S.
Harmonized Schedules, eligibility or requirements for preferential
trade programs, and the establishment of recordkeeping requirements.
Accordingly, these regulations are now listed in the semiannual
regulatory agenda of the Departmental Offices of the Department of the
Treasury. Because of limitations in the computer software used to
prepare the agenda, the agency information under the heading ``For
Further Information Contact'' for many 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).
     For this edition of Treasury's regulatory agenda, one
regulation of Office of the Comptroller of the Currency is included
in the Regulatory Plan, which appears in part II of this issue of
the Federal Register. This entry is listed in the table of contents
below and is denoted by a bracketed bold reference, which directs
the reader to the appropriate sequence number in part II.
Dated: September 28, 2005.
 Richard S. Carro,
Senior Advisor to the General Counsel for Regulatory Affairs.
                                    Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2390        19 CFR 111 Remote Location Filing.....................................................    1505-AB20
2391        Uniform Rules of Origin...............................................................    1505-AB49
2392        Revision of Outbound Redelivery Procedures and Liabilities............................    1505-AB52
2393        19 CFR 101 Centralization of the Continuous Bond Program at the CBP National Finance      1505-AB54
            Center................................................................................
2394        NAFTA: Post-Entry Claims and Merchandise Processing Fee Exemption.....................    1505-AB58
----------------------------------------------------------------------------------------------------------------
                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2395        31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations:        1505-AA95
            Publication of Economic Sanctions Enforcement Guidelines..............................
2396        Country-of-Origin Marking.............................................................    1505-AB21
2397        Expanded Methods of Payment of Duties, Taxes, Interest, and Fees......................    1505-AB22
2398        19 CFR 4 User and Navigation Fees; Other Reimbursable Charges.........................    1505-AB24
2399        19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences....    1505-AB26
2400        19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin         1505-AB28
            Initiative............................................................................
2401        19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge..    1505-AB29
2402        19 CFR 12 Dog and Cat Protection Act..................................................    1505-AB31
2403        19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple     1505-AB34
            Conveyances...........................................................................
2404        19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act.......    1505-AB37
2405        Trade Benefits Under the African Growth and Opportunity Act...........................    1505-AB38
[[Page 65035]]
2406        19 CFR 24 Fees for Customs Processing at Express Courier Facilities...................    1505-AB39
2407        Trade Benefits Under the Caribbean Basin Economic Recovery Act........................    1505-AB40
2408        19 CFR 10 United States--Chile Free Trade Agreement...................................    1505-AB47
2409        19 CFR 10 United States--Singapore Free Trade Agreement...............................    1505-AB48
2410        Recordation of Copyrights and Enforcement Procedures To Prevent Importation of            1505-AB51
            Piratical Articles....................................................................
2411        19 CFR 141 Conditional Release Period and Customs Bond Obligations for Food, Drugs,       1505-AB57
            Devices, and Cosmetics................................................................
2412        19 CFR 12 Country of Origin of Textile and Apparel Products...........................    1505-AB60
2413        Extension of Import Restrictions Imposed on Certain Categories of Archaeological          1505-AB61
            Material Imported from the Pre-Hispanic Cultures of the Republic of Nicaragua.........
----------------------------------------------------------------------------------------------------------------
                                     Departmental Offices--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2414        31 CFR Ch II Possible Regulation of Access to Accounts at Financial Institutions          1505-AA74
            Through Payment Service Providers.....................................................
2415        Financial Activities of Financial Subsidiaries........................................    1505-AA80
2416        Financial Subsidiaries................................................................    1505-AA81
2417        12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage......................    1505-AA84
2418        12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature.......    1505-AA85
2419        Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for        1505-AB10
            Insured Losses........................................................................
2420        19 CFR 4 Harbor Maintenance Fee.......................................................    1505-AB11
2421        Donated Cargo Exemption From Harbor Maintenance Fee...................................    1505-AB12
2422        19 CFR 142 Reconciliation.............................................................    1505-AB16
2423        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
----------------------------------------------------------------------------------------------------------------
2424        Amendments to the Government Securities Act Regulations: Exemption for Holdings           1505-AB06
            Subject to Fiduciary Standards........................................................
2425        Terrorism Risk Insurance Program; Additional Claims Issues............................    1505-AB09
2426        Expanded Weekly Entry Procedure for Foreign Trade Zones...............................    1505-AB27
2427        Tariff Treatment Related to Disassembly Operations Under the North American Free Trade    1505-AB41
            Agreement (NAFTA).....................................................................
2428        Federal Benefit Payments Under Certain District of Columbia Retirement Plans..........    1505-AB55
----------------------------------------------------------------------------------------------------------------
                               Financial Crimes Enforcement Network--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2429        Customer Identification Programs for Pawn Brokers.....................................    1506-AA39
----------------------------------------------------------------------------------------------------------------
                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2430        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To      1506-AA08
            Assess Civil Money Penalties on Depository Institutions...............................
2431        Customer Identification Programs for Travel Agents....................................    1506-AA38
[[Page 65036]]
2432        Customer Identification Programs for Loan and Finance Companies.......................    1506-AA40
2433        Customer Identification Programs for Sellers of Vehicles..............................    1506-AA41
2434        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA69
            Programs for Travel Agencies..........................................................
2435        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA73
            Programs for Loan and Finance Companies...............................................
2436        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.................
2437        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA80
            Programs for Businesses Engaged in Vehicle Sales, Including Automobiles, Airplane, and
            Boat Sales............................................................................
----------------------------------------------------------------------------------------------------------------
                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2438        31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross-    1506-AA15
            Border Transportation of Certain Monetary Instruments.................................
2439        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the             1506-AA23
            Requirement To Report Transactions in Currency........................................
2440        31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement that             1506-AA25
            Nonfinancial Trades or Businesses Report Certain Currency Transactions................
2441        31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and          1506-AA29
            Private Banking Accounts..............................................................
2442        31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and      1506-AA31
            Credit Unions.........................................................................
2443        31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act     1506-AA36
            Regulations Requirement That Insurance Companies Report Suspicious Transactions.......
2444        31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations--Requirement That Mutual      1506-AA37
            Funds Report Suspicious Transactions..................................................
2445        31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru............    1506-AA43
2446        Financial Crimes Enforcement; Amendments to the Bank Secrecy Act Regulations--            1506-AA61
            Nomenclature Changes..................................................................
2447        Imposition of Special Measures Against the Commercial Bank of Syria as a Financial        1506-AA64
            Institution of Primary Money Laundering Concern.......................................
2448        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.............................................
2449        Imposition of Special Measure Against Infobank as a Financial Institution of Primary      1506-AA67
            Money Laundering Concern..............................................................
2450        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA68
            Programs for Mutual Funds.............................................................
2451        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA70
            Programs for Insurance Companies......................................................
2452        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA71
            Programs for Investment Advisors......................................................
2453        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA72
            Programs for Financial Institutions...................................................
2454        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA74
            Programs for Money Services Businesses................................................
2455        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA75
            Programs for Commodity Trading Advisors...............................................
2456        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA76
            Programs for Operators of a Credit Card System........................................
2457        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA77
            Programs for Unregistered Investment Companies........................................
2458        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering       1506-AA78
            Programs for Dealers in Precious Metals, Stones, or Jewels............................
----------------------------------------------------------------------------------------------------------------
[[Page 65037]]
                             Financial Crimes Enforcement Network--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2459        31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and          1506-AA19
            Recordkeeping Requirements--Money Services Businesses (MSBs)..........................
----------------------------------------------------------------------------------------------------------------
                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2460        31 CFR 245 Claims on Account of Treasury Checks.......................................    1510-AA51
2461        31 CFR 256 Payments Under Judgment and Private Relief Acts............................    1510-AA52
2462        Foreign Exchange Operations...........................................................    1510-AB03
2463        Withholding of District of Columbia, State, City, and County Income or Employment         1510-AB06
            Taxes by Federal Agencies.............................................................
----------------------------------------------------------------------------------------------------------------
                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2464        31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments...........    1510-AA91
2465        Federal Government Participation in the ACH...........................................    1510-AB00
2466        Payment of Federal Taxes and the Treasury Tax and Loan Program........................    1510-AB01
2467        Federal Government Participation in the Automated Clearing House......................    1510-AB04
2468        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...........
----------------------------------------------------------------------------------------------------------------
                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2469        31 CFR 285.7 Salary Offset............................................................    1510-AA70
2470        Administrative Wage Garnishment Clarifications........................................    1510-AB02
----------------------------------------------------------------------------------------------------------------
                             Alcohol and Tobacco Tax and Trade Bureau--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2471        Proposed Revisions to the Beer Regulations............................................    1513-AB05
2472        Use of the Word ``Pure'' or its Variants in the Labeling and Advertising of Alcohol       1513-AB16
            Beverages.............................................................................
----------------------------------------------------------------------------------------------------------------
                          Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2473        Denatured Spirits, Articles, and Nonbeverage Products.................................    1513-AB03
2474        Labeling and Advertising of Wines, Distilled Spirits, and Malt Beverages..............    1513-AB07
2475        Allergen Ingredient Labeling for Alcohol Beverages....................................    1513-AB08
2476        Alternating Brewery Proprietors.......................................................    1513-AB09
2477        Petition To Establish the Outer Coastal Plain American Viticultural Area..............    1513-AB13
2478        Petition To Establish the Rattlesnake Hills American Viticultural Area................    1513-AB14
2479        Petition To Establish the Saddle Rock-Malibu American Viticultural Area...............    1513-AB15
2480        Availability of Information...........................................................    1513-AA98
[[Page 65038]]
2481        Firearms and Ammunition Excise Taxes, Consignment Sales of Imported Articles..........    1513-AB12
2482        27 CFR 252 Exportation of Liquors.....................................................    1513-AA00
2483        27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars.....................    1513-AA16
2484        27 CFR 19, Subpart W Proposed Revisions to the Distilled Spirits Plant Regulations....    1513-AA23
2485        27 CFR 44 Regulatory Changes From Customs Service Final Rule..........................    1513-AA26
2486        27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment      1513-AA27
            of Tax................................................................................
2487        27 CFR 17 Tax-Paid Distilled Spirits Used in Manufacturing Products Unfit for Beverage    1513-AA37
            Use...................................................................................
2488        27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines..............    1513-AA42
2489        27 CFR 40 Marks, Labels, Notices, and Bonds for, and Removal of, Tobacco Products, and    1513-AA49
            Cigarette Papers and Tubes............................................................
2490        27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes Without    1513-AA52
            Payment of Tax........................................................................
2491        Proposed Establishment of Alta Mesa Viticultural Area.................................    1513-AA82
2492        Proposed Establishment of the Cosumnes River Viticultural Area........................    1513-AA83
2493        Proposed Establishment of Sloughhouse Viticultural Area...............................    1513-AA84
2494        Proposed Establishment of Mokelumne River Viticultural Area...........................    1513-AA85
2495        Proposed Establishment of Jahant Viticultural Area....................................    1513-AA86
2496        Proposed Establishment of Borden Ranch Viticultural Area..............................    1513-AA87
2497        Proposed Establishment of Clements Hills Viticultural Area............................    1513-AA88
2498        Proposed Establishment of the Mt. Oso Viticultural Area...............................    1513-AA89
----------------------------------------------------------------------------------------------------------------
                           Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2499        New Certification Requirements for Imported Wine......................................    1513-AB00
2500        Wahluke Slope Viticultural Area.......................................................    1513-AB01
2501        Petition To Establish San Antonio Valley as a New American Viticultural Area..........    1513-AB02
2502        Proposed Change to Vintage Date Requirements..........................................    1513-AB11
2503        Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the           1513-AA80
            Homeland Security Act of 2002.........................................................
2504        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............................
2505        27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the               1513-AA10
            Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments.....
2506        27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties    1513-AA32
2507        27 CFR 9 Proposed Red Hill Douglas County, Oregon American Viticultural Area..........    1513-AA39
2508        27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area.....    1513-AA41
2509        27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages..............    1513-AA46
2510        27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area....................    1513-AA54
2511        27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary Realignment/    1513-AA55
            Expansion.............................................................................
2512        27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural      1513-AA57
            Area..................................................................................
2513        27 CFR 7 Labeling and Advertising of Malt Beverages...................................    1513-AA60
2514        Petition To Establish the ``Fort Ross Seaview'' Viticultural Area.....................    1513-AA64
2515        Petition No. 2 To Expand the Russian River Valley Viticultural Area...................    1513-AA67
2516        Petition To Establish the ``Shawnee Hills'' Viticultural Area.........................    1513-AA70
2517        Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco             1513-AA72
            Viticultural Area.....................................................................
2518        Petition To Establish ``Texoma'' as a Viticultural Area...............................    1513-AA77
2519        Proposed Establishment of Covelo Viticultural Area....................................    1513-AA90
2520        Petition To Establish ``Calistoga'' as an American Viticultural Area..................    1513-AA92
2521        Ramona Valley Viticultural Area.......................................................    1513-AA94
2522        Dos Rios Viticultural Area............................................................    1513-AA95
2523        Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the    1513-AA96
            Treatment of Wine, Juice, and Distilling Material.....................................
2524        Niagara Escarpment Viticultural Area..................................................    1513-AA97
2525        Suspension of Special (Occupational) Tax..............................................    1513-AB04
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[[Page 65039]]
                           Alcohol and Tobacco Tax and Trade Bureau--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2526        27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled    1513-AA07
            Spirits and Wine......................................................................
2527        27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188..........    1513-AA05
2528        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)..........................................................................
2529        27 CFR 4 Amended Standard of Identity for Sherry......................................    1513-AA08
2530        27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and      1513-AA14
            Tubes Imported or Brought Into the United States......................................
2531        27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural       1513-AA51
            Area..................................................................................
----------------------------------------------------------------------------------------------------------------
                           Alcohol and Tobacco Tax and Trade Bureau--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2532        27 CFR 9 Petition To Establish ``Alexandria Lakes'' as a New American Viticultural        1513-AA45
            Area..................................................................................
2533        Administrative Changes to the Publication of the TTB Bulletin.........................    1513-AB06
2534        Determination of Sale Price of Large Cigars...........................................    1513-AB10
2535        27 CFR 31 Liquor Dealers; Recodification of Regulations...............................    1513-AA19
2536        27 CFR 9 Petition To Establish ``Ribbon Ridge'' as a New American Viticultural Area...    1513-AA58
2537        Petition To Establish the ``High Valley'' Viticultural Area...........................    1513-AA79
2538        Proposed Establishment of Horse Heaven Hills..........................................    1513-AA91
----------------------------------------------------------------------------------------------------------------
                                   Comptroller of the Currency--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2539        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance:          1557-AC95
            Domestic Capital Modifications........................................................
----------------------------------------------------------------------------------------------------------------
                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2540        12 CFR 4 Regulatory Burden Reduction and Technical Amendments.........................    1557-AC79
2541        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1557-AC87
            Institutions and Creditors............................................................
2542        Implementation of a Revised Basel Capital Accord (Basel II) (Reg Plan Seq No. 98).....    1557-AC91
2543        One-Year Post-Employment Restrictions for Senior Examiners............................    1557-AC94
2544        Securities Offering Disclosure Rules; Nonpublic Offerings.............................    1557-AC98
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in part II of this issue of the Federal Register.
                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2545        Fair Credit Reporting: Use of Medical Information.....................................    1557-AC85
2546        Fair Credit Reporting: Affiliate Marketing Regulations................................    1557-AC88
2547        Securities Borrowing Transactions.....................................................    1557-AC90
2548        Assessment of Fees....................................................................    1557-AC96
2549        12 CFR 1-3 District of Columbia-Chartered Banks.......................................    1557-AC97
----------------------------------------------------------------------------------------------------------------
[[Page 65040]]
                                 Comptroller of the Currency--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2550        Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer           1557-AB93
            Registration..........................................................................
2551        Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm-    1557-AC80
            Leach-Bliley Act......................................................................
2552        Accuracy and Integrity of Information Furnished to a Consumer Reporting Agency........    1557-AC89
----------------------------------------------------------------------------------------------------------------
                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2553        12 CFR 25 Community Reinvestment Act Regulation (12 CFR 25)...........................    1557-AB98
2554        Electronic Filing and Disclosure of Beneficial Ownership Reports......................    1557-AC75
----------------------------------------------------------------------------------------------------------------
                                     Internal Revenue Service--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2555        Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items....    1545-BC65
----------------------------------------------------------------------------------------------------------------
                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2556        Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch     1545-AM12
            Remittances...........................................................................
2557        Outbound Transfers of Property to Foreign Corporations................................    1545-AM97
2558        Foreign Insurance Company--Domestic Election..........................................    1545-AO25
2559        Taxation of Global Trading............................................................    1545-AP01
2560        Integrated Financial Transaction......................................................    1545-AR20
2561        Agreements for Payment of Tax Liabilities in Installments.............................    1545-AU97
2562        Substantiating Travel Expense Deductions for Members of Congress......................    1545-AV55
2563        Transportation of Persons and Property by Air.........................................    1545-AW19
2564        Source of Income From Certain Space and Ocean Activities and for Communications Income    1545-AW50
2565        Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and    1545-AX02
            Related Foreign Base Company Shipping Income..........................................
2566        Definition of Accounting Method.......................................................    1545-AX21
2567        Inspection of Written Determinations..................................................    1545-AX40
2568        Awarding of Costs and Certain Fees....................................................    1545-AX46
2569        Modification to Section 367(a) Stock Transfer Regulations.............................    1545-AX77
2570        Definition of Passive Foreign Investment Company Under Section 1297...................    1545-AX78
2571        Clarification of Foreign-Based Company Sales Income Rules.............................    1545-AX91
2572        Guidance on Changes to the Laws for Corporate Estimated Taxes.........................    1545-AY22
2573        Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding      1545-AY30
            Companies (FPHCs).....................................................................
2574        Dollar-Value LIFO.....................................................................    1545-AY39
2575        Special Rules Relating to Transfers of Intangibles to Foreign Corporations............    1545-AY41
2576        Previously Taxed Earnings and Profits Under Subpart F.................................    1545-AY54
2577        Liabilities Assumed in Certain Corporate Transactions.................................    1545-AY74
2578        Disclosure of Returns and Return Information in Judicial and Administrative Tax           1545-AY89
            Proceedings...........................................................................
2579        Transactions Involving Obligations of Consolidated Group Members......................    1545-BA11
2580        Deductibility of Employer Contributions for Deferred Compensation.....................    1545-BA13
2581        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.......................................................................
2582        Allocation and Apportionment Rules: Guidance on Selected Issues.......................    1545-BA64
2583        Provisions Regarding Cross-Border Transactions........................................    1545-BA65
2584        Circular 230--Phase 2 Nonshelter Revisions............................................    1545-BA72
2585        Allocation of New Markets Tax Credit..................................................    1545-BA84
[[Page 65041]]
2586        Communications Excise Tax; Taxable Communication Services.............................    1545-BB04
2587        Cost Sharing..........................................................................    1545-BB26
2588        Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year.....    1545-BB27
2589        Application of Separate Limitations to Dividends From Noncontrolled Section 902           1545-BB28
            Corporation...........................................................................
2590        Substitute Dividend Payments in Securities Lending and Similar Transactions...........    1545-BB56
2591        Loss on Subsidiary Stock..............................................................    1545-BB61
2592        Liquidation of an Interest............................................................    1545-BB71
2593        REMIC Residuals--Timing of Income for Foreign Holders.................................    1545-BB84
2594        Dependent Care Credit.................................................................    1545-BB86
2595        Determination of Single-Sum Distributions From Cash Balance Plans.....................    1545-BB93
2596        General Allocation and Accounting Regulations.........................................    1545-BC07
2597        Utility Allowance Regulation Update...................................................    1545-BC22
2598        Guidance on PFIC Purging Elections....................................................    1545-BC37
2599        Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/    1545-BC48
            or Commodities, Including Foreign Currency Instruments................................
2600        Stewardship Expenses..................................................................    1545-BC52
2601        Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash     1545-BC55
            a Designated or Related Summons.......................................................
2602        Guidance Under Section 2053 Regarding Post-Death Events...............................    1545-BC56
2603        Below-Market Loans....................................................................    1545-BC78
2604        Regulations Governing the Performance of Actuarial Services Under the Employee            1545-BC82
            Retirement Income Security Act of 1974................................................
2605        Definition of Loss for Purposes of the Straddle Rules.................................    1545-BC83
2606        Sickness or Accident Disability Payments..............................................    1545-BC89
2607        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BC93
            Department of Commerce................................................................
2608        Guidance Regarding the Active Trade or Business Requirement Under Section 355(b)......    1545-BC94
2609        Support Test in the Case of a Child of Divorced Parents...............................    1545-BD01
2610        Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue    1545-BD09
            Code (Temporary)......................................................................
2611        Current Liability Interest Rate Under Section 412(b)(5) (Temporary)...................    1545-BD14
2612        Definition of Qualified Foreign Corporation...........................................    1545-BD15
2613        REMIC Interest-Only Regular Interests.................................................    1545-BD18
2614        Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind      1545-BD19
            Property..............................................................................
2615        Section 42 Qualified Contract Provisions..............................................    1545-BD20
2616        Payments for Which No Return of Information Is Required Under Section 6041............    1545-BD21
2617        Definition of Disqualified Person.....................................................    1545-BD28
2618        Transfers of Restricted Stock.........................................................    1545-BD44
2619        Application of Sections 304(b)(6) and 367 in Cross Border Section 304 Transactions....    1545-BD46
2620        Aggregate Computation; Allocation of Research Credit II...............................    1545-BD60
2621        Declaratory Judgment--Gift Tax Value..................................................    1545-BD67
2622        Use of Electronic Technologies for Providing Notices and Transmitting Elections and       1545-BD68
            Consents..............................................................................
2623        Disabled Access Credit................................................................    1545-BD69
2624        Section 704(b)(2) and Substantiality..................................................    1545-BD70
2625        Regulations Under Section 706 Regarding Determination of Distributive Share When A        1545-BD71
            Partner's Interest Changes............................................................
2626        Shareholder's Basis in Stock of an S Corporation......................................    1545-BD72
2627        Guidance Under Section 6501(c)(1) Regulations.........................................    1545-BD73
2628        Guidance Under Section 707(c) Regarding Guaranteed Payments...........................    1545-BD74
2629        Possible Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1....    1545-BD81
2630        Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs......    1545-BD82
2631        Guidance Regarding Selected Issues Under Section 336(e)...............................    1545-BD84
2632        Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,      1545-BE02
            Department of Commerce (Temporary)....................................................
2633        Reduction of Fuel Excise Tax Evasion..................................................    1545-BE03
2634        Elimination of Country-by-Country Reporting to Shareholders of Foreign Taxes Paid by      1545-BE09
            Regulated Investment Companies........................................................
2635        Intra-Group Gross Receipts Under Section 41...........................................    1545-BE14
2636        Capitalization of Amounts Paid To Repair or Improve Tangible Property.................    1545-BE18
2637        Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004        1545-BE23
            (AJCA)................................................................................
2638        Employer Comparable Contributions To Health Savings Accounts Under Section 4980G......    1545-BE30
[[Page 65042]]
2639        Tractors, Trailers, Trucks, and Tires.................................................    1545-BE31
2640        Income Attributable to Domestic Production Activities.................................    1545-BE33
2641        Guidance Under Subpart F Relating to Partnerships.....................................    1545-BE34
2642        Release of Lien or Discharge of Property..............................................    1545-BE35
2643        Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004        1545-BE39
            (AJCA) (Temporary)....................................................................
2644        Definition of Dependent and Other Related Provisions..................................    1545-BE40
2645        Disregarded Entities and Collections..................................................    1545-BE43
2646        Balanced System for Measuring Organizational and Employee Performance Within the          1545-BE45
            Internal Revenue Service..............................................................
2647        Balanced System for Measuring Organizational and Employee Performance Within the          1545-BE46
            Internal Revenue Service (Temporary)..................................................
2648        Information Returns Required With Respect to Certain Foreign Corporations and Other       1545-BE47
            Conforming Changes....................................................................
2649        Low-Income Housing Credit Allocation and Certification; Revisions.....................    1545-BE50
2650        Special Depreciation Allowance-Extended Placed-in Service Date........................    1545-BE55
2651        Special Depreciation Allowance-Extended Placed-in-Service Date (Temporary)............    1545-BE56
2652        Limitation on Transfer of Built-in Losses.............................................    1545-BE58
2653        Limitation on Transfer of Built-in Losses (Temporary).................................    1545-BE59
2654        Research Expenditures Resulting In Inventory Property.................................    1545-BE64
2655        Converting an IRA Annuity to a Roth IRA...............................................    1545-BE65
2656        Converting an IRA Annuity to a Roth IRA (Temporary)...................................    1545-BE66
2657        Assumption of Liabilities.............................................................    1545-BE67
2658        Section 401(A)(4) Guidance............................................................    1545-BE69
2659        Qualified Severance of a Trust for Generation-Skipping Transfer (GST) Tax Purposes II.    1545-BE70
2660        Special Rule Regarding Certain Section 951 Pro Rata Share Allocations.................    1545-BE71
2661        Information Reporting On Real Estate Transactions.....................................    1545-BE73
2662        Dividends Paid Deduction For Stock Held In Employee Stock Ownership Plan..............    1545-BE74
2663        Start-up and Organizational Expenditures..............................................    1545-BE77
2664        Remic Residuals-Foreign Holders (Temporary)...........................................    1545-BE81
2665        Life/Non-life Tacking Rule............................................................    1545-BE85
2666        Targeted Populations Under Section 45D(e)(2)..........................................    1545-BE89
2667        Railroad Track Maintenance Credit.....................................................    1545-BE90
2668        Railroad Track Maintenance Credit (Temporary).........................................    1545-BE91
2669        Guidance Under Section 7874 for Determining Ownership by Former Shareholders or           1545-BE93
            Partners of Domestic Entities.........................................................
2670        S Corporation Guidance Under American Jobs Creation Act of 2004.......................    1545-BE95
2671        Capital Costs Incurred To Comply With EPA Sulfur Regulations..........................    1545-BE96
2672        Disallowance of Partnership Loss Transfers and Basis Reduction in Stock of a Corporate    1545-BE98
            Partner...............................................................................
2673        Section 704(c) and 737 Regulations Update.............................................    1545-BE99
2674        Cafeteria Plans.......................................................................    1545-BF00
----------------------------------------------------------------------------------------------------------------
                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2675        Information From Passport and Immigration Applicants..................................    1545-AJ93
2676        Foreign Corporations..................................................................    1545-AK74
2677        Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign           1545-AK79
            Investment in Real Property Tax Act...................................................
2678        Earnings Stripping Payments...........................................................    1545-AO24
2679        Escrow Funds and Other Similar Funds..................................................    1545-AR82
2680        Straddles---Miscellaneous Issues......................................................    1545-AT46
2681        Recomputation of Life Insurance Reserves..............................................    1545-AU49
2682        Definition of Private Activity Bond--Refunding Regulations............................    1545-AU98
2683        Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and        1545-AW06
            Commodities...........................................................................
2684        Stocks and Securities Safe Harbor Exception...........................................    1545-AW13
2685        Intercompany Obligations..............................................................    1545-AW30
2686        Reporting of Payments to Attorneys....................................................    1545-AW72
2687        Highway Vehicle--Definition...........................................................    1545-AX10
[[Page 65043]]
2688        Guidance on Cost Recovery in the Entertainment Industry...............................    1545-AX12
2689        Stock Transfer Rules--Carryover of Earnings and Taxes.................................    1545-AX65
2690        Allocation and Apportionment of Interest Expense and Certain Other Expenses...........    1545-AX72
2691        Capitalization of Interest and Carrying Charges Properly Allocable to Straddles.......    1545-AX92
2692        Authorized Placement Agency...........................................................    1545-AY18
2693        HIPAA General Nondiscrimination.......................................................    1545-AY32
2694        HIPAA Nondiscrimination Exception for Church Plans....................................    1545-AY33
2695        HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs.....................    1545-AY34
2696        Allocation of Income and Deductions From Intangibles..................................    1545-AY38
2697        Election--Asset Acquisitions of Insurance Companies...................................    1545-AY49
2698        Tax Treatment of Cafeteria Plans......................................................    1545-AY67
2699        Normalization.........................................................................    1545-AY75
2700        Transitional Relief for Qualified Intermediaries......................................    1545-AY92
2701        Mergers Involving Disregarded Entities................................................    1545-BA06
2702        Reductions of Accruals and Allocations Because of Increased Age.......................    1545-BA10
2703        Amendment to the Definition of Refunding..............................................    1545-BA46
2704        Noncompensatory Partnership Options...................................................    1545-BA53
2705        Redemptions Treated as Dividends......................................................    1545-BA80
2706        Reporting Requirements for Widely Held Fixed Investment Trusts........................    1545-BA83
2707        Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens..................    1545-BA86
2708        Allocation of Foreign Tax Credits Among Partners......................................    1545-BB11
2709        Investigative Disclosures.............................................................    1545-BB16
2710        Toll Telephone Service--Definition....................................................    1545-BB18
2711        Mixed Use Output Facilities...........................................................    1545-BB23
2712        Treatment of Services Under Section 482...............................................    1545-BB31
2713        Limitation on Use of Nonaccrual Experience Method of Accounting.......................    1545-BB43
2714        Special Depreciation Allowance........................................................    1545-BB57
2715        Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under        1545-BB64
            Section 403(b)........................................................................
2716        Collected Excise Taxes; Duties of Collector...........................................    1545-BB75
2717        Notional Principal Contracts; Contingent Nonperiodic Payments.........................    1545-BB82
2718        Predecessors or Successors Under Section 355(e).......................................    1545-BB85
2719        Guidance Regarding Mark-to-Market Valuation for Certain Securities....................    1545-BB90
2720        Partnership Equity for Services.......................................................    1545-BB92
2721        Accrual for Certain REMIC Regular Interests...........................................    1545-BB94
2722        Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and         1545-BB96
            Opportunity for Hearing Upon Filing of Notice of Lien.................................
2723        Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before    1545-BB97
            Levy..................................................................................
2724        Determination of Basis of Securities Received in Exchange or With Respect to a Stock      1545-BC05
            or Securities in Certain Transactions.................................................
2725        Entry of Taxable Fuel.................................................................    1545-BC08
2726        Guidance Necessary To Facilitate Business Electronic Filing...........................    1545-BC15
2727        Changes in Computing Depreciation.....................................................    1545-BC18
2728        Value of Life Insurance When Distributed From a Qualified Retirement Plan.............    1545-BC20
2729        Special Consolidated Return Rules for Interest Expense Disallowed Under Section           1545-BC23
            265(a)(2).............................................................................
2730        Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving    1545-BC24
            Related Parties, Pass-Through Entities, or Other Intermediaries.......................
2731        Section 411(d)(6) Protected Benefits..................................................    1545-BC26
2732        Prohibited Allocation of Securities in an S Corporation...............................    1545-BC34
2733        Substitute for Return (SFR) and Automated Substitute for Return (ASFR)................    1545-BC45
2734        Guidance on PFIC Purging Elections....................................................    1545-BC49
2735        Qualified Severance Regulations.......................................................    1545-BC50
2736        Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions........    1545-BC61
2737        Guidance Under Section 707 Regarding Disguised Sales..................................    1545-BC63
2738        Section 1045 Application to Partnerships..............................................    1545-BC67
2739        Collection After Assessment...........................................................    1545-BC72
2740        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated      1545-BC74
            Group.................................................................................
2741        Determination of Residency in U.S. Possessions........................................    1545-BC86
2742        Exclusion of Employees of 501(c)(3) Organizations in 401(k) and 401(m) Plans..........    1545-BC87
[[Page 65044]]
2743        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....................................................................
2744        Solid Waste Disposal Facilities.......................................................    1545-BD04
2745        Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules.....................    1545-BD07
2746        Dual Consolidated Loss Regulations....................................................    1545-BD10
2747        Guidance on Phased Retirement.........................................................    1545-BD23
2748        Stock Held by Foreign Insurance Companies.............................................    1545-BD27
2749        Requirements for Reorganizations......................................................    1545-BD31
2750        Guidance on PFIC Purging Elections (Temporary)........................................    1545-BD33
2751        Clarification of Definitions..........................................................    1545-BD37
2752        Underpayment for Qualified Amended Returns............................................    1545-BD40
2753        Transfers of Restricted Stock (Temporary).............................................    1545-BD45
2754        Treatment of Disregarded Entities Under Section 752...................................    1545-BD48
2755        Section 951 Pro Rata Rules............................................................    1545-BD49
2756        HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction With FMLA..    1545-BD51
2757        Continuity of Interest/Stock Fluctuation..............................................    1545-BD53
2758        Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons;         1545-BD54
            Applicability of Section 381..........................................................
2759        Manufacturer Incentive Payments in an Intercompany Transaction........................    1545-BD55
2760        Asset Transfers Following Putative Reorganizations....................................    1545-BD56
2761        Guidance Under Section 368 Regarding Mergers With and Into a Foreign Corporation......    1545-BD76
2762        Section 1374 Effective Dates..........................................................    1545-BD95
2763        Flat Rate Supplemental Wage Withholding...............................................    1545-BD96
2764        Disclosure of Relative Values of Optional Forms of Benefit............................    1545-BD97
2765        Dye Injection.........................................................................    1545-BE04
2766        Designated Roth Contributions Under Cash or Deferred Arrangements Under Section 401(k)    1545-BE05
2767        Circular 230-Covered Opinion Amendments...............................................    1545-BE13
2768        Disclosure of Return Information to the Department of Agriculture.....................    1545-BE15
2769        Exclusions From Gross Income of Foreign Corporations..................................    1545-BE16
2770        Withholding Exemptions................................................................    1545-BE20
2771        Guidance Under Section 7874 for Determining Ownership by Former Shareholders or           1545-BE94
            Partners of Domestic Entities (Temporary).............................................
2772        Capital Costs Incurred To Comply With EPA Sulfur Regulations (Temporary)..............    1545-BE97
2773        Cafeteria Plans (Temporary)...........................................................    1545-BF01
----------------------------------------------------------------------------------------------------------------
                                   Internal Revenue Service--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2774        Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax      1545-AC09
            and Civil Penalties for Failure To File...............................................
2775        Income Tax--Definition of Qualified Possession Source Investment Income for Purposes      1545-AC10
            of Puerto Rico and Possession Tax Credit..............................................
2776        FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other       1545-AI16
            Special Rules for FSC.................................................................
2777        Income of Foreign Governments and International Organizations.........................    1545-AL93
2778        Clarification of Treatment of Separate Limitation Losses..............................    1545-AM11
2779        Earnings and Profits of Controlled Foreign Corporations...............................    1545-AM90
2780        Caribbean Basin Investments...........................................................    1545-AM91
2781        Consolidated Alternative Minimum Tax..................................................    1545-AN73
2782        Conforming Taxable Years of CFCs and FPHCs............................................    1545-AO22
2783        Information Reporting and Record Maintenance..........................................    1545-AP10
2784        Registration Required Obligations.....................................................    1545-AP33
2785        Use of GAAP Earnings as E&P of Foreign Corporations...................................    1545-AQ55
2786        Interest-Free Adjustments.............................................................    1545-AQ61
2787        The Treatment of Accelerated Death Benefits...........................................    1545-AQ70
2788        Definition of ``Highly Compensated Employee''.........................................    1545-AQ74
2789        Mark-to-Market Upon Disposition.......................................................    1545-AS85
[[Page 65045]]
2790        Allocation of Accrued Benefits Between Employer and Employee Contributions............    1545-AT82
2791        Foreign Corporations Regulations......................................................    1545-AT96
2792        Application of Grantor Trust Rules to Nonexempt Employees' Trusts.....................    1545-AU29
2793        Application of Attribution Rules to Foreign Trusts....................................    1545-AU91
2794        Electronic Transmission of Withholding Certificates...................................    1545-AV27
2795        Constructive Sales of Appreciated Financial Positions.................................    1545-AW97
2796        Highly Compensated Employee...........................................................    1545-AX48
2797        Special Rules for S Corporations......................................................    1545-AY44
2798        Normal Retirement Age for Pension Plans...............................................    1545-AY61
2799        Payments For Interest in Partnership..................................................    1545-AY90
2800        Consolidated Returns; Nonapplicability of Section 357(c)..............................    1545-BA09
2801        Earnings and Profits Attribution Principles...........................................    1545-BA93
2802        Guidance To Facilitate Electronic Tax Administration..................................    1545-BA96
2803        Timely Mailing Treatment..............................................................    1545-BA99
2804        Amending the Low-Income Housing Tax Credit Program....................................    1545-BB37
2805        Amendment to Section 6724 Relating to Failure To File Correct Information Returns.....    1545-BB41
2806        Application of Nondiscrimination Cross-Testing Rules To Cash Balance Plans............    1545-BB79
2807        Notarization Requirement for Statements of Purchase...................................    1545-BC11
2808        Contingent at Closing Escrows.........................................................    1545-BC16
2809        Coordination of United States and Certain Possessions Income Taxes....................    1545-BC54
2810        Transactions Involving the Transfer of No Net Equity Value............................    1545-BC88
2811        Disclosures to Subcontractors.........................................................    1545-BC92
2812        Accumulated Adjustment Account and Other Corporate Separations Under Section 355......    1545-BC98
2813        Attained Age of the Insured...........................................................    1545-BD00
2814        Current Liability Interest Rate Under Section 412(b)(5)...............................    1545-BD13
2815        Coordination of United States and Certain Possessions Income Taxes (Temporary)........    1545-BD32
2816        LIFO Recapture Under Section 1363(d)..................................................    1545-BD34
2817        Update of 415 Regulations.............................................................    1545-BD52
2818        Classification of Indian Tribal Corporations..........................................    1545-BD61
2819        Mandatory e-Filing for Forms 1120.....................................................    1545-BD65
2820        Classification of Certain Foreign Entities............................................    1545-BD77
2821        Classification of Certain Foreign Entities (Temporary)................................    1545-BD78
2822        Special Rules To Reduce Section 1446 Withholding......................................    1545-BD80
2823        Definition of the ``Due Date'' for Purposes of Calculating Overpayment Interest Under     1545-BD86
            Section 301.6611(h)...................................................................
2824        Return for Subchapter T Cooperatives..................................................    1545-BD92
2825        Employer's Annual Federal Employment Tax Return--Form 944.............................    1545-BD93
2826        Return for Subchapter T Cooperatives (Temporary)......................................    1545-BD98
2827        Employer's Annual Federal Employment Tax Return--Form 944 (Temporary).................    1545-BE00
2828        Application of Section 6404(g) Suspension Provisions..................................    1545-BE07
2829        Disclosure of Return Information to the Bureau of the Census..........................    1545-BE08
2830        Information Returns by Donees Relating to Qualified Intellectual Property                 1545-BE11
            Contributions.........................................................................
2831        Section 6011 Regulations..............................................................    1545-BE24
2832        Section 6011 Regulations (Temporary)..................................................    1545-BE25
2833        Section 6111 Regulations..............................................................    1545-BE26
2834        Section 6111 Regulations (Temporary)..................................................    1545-BE27
2835        Section 6112 Regulations..............................................................    1545-BE28
2836        Section 6112 Regulations (Temporary)..................................................    1545-BE29
2837        Domestic Workers Regulation Update (Application of the Federal Insurance Contributions    1545-BE32
            Act To Payments Made for Certain Services)............................................
2838        Modifications to the De Minimis Deposit Rule Under Section 6302.......................    1545-BE48
2839        Modification to the De Minimis Deposit Rule Under Section 6302 (Temporary)............    1545-BE49
2840        Regulations Under Section 263A Regarding Use of Simplified Service Cost Method and        1545-BE57
            Simplified Production Method..........................................................
2841        Application of the Federal Insurance Contributions Act, Federal Unemployment Tax Act,     1545-BE60
            and Collection of Income Tax at Source to Statutory Stock Options.....................
2842        Simplification Of Extension Process Under Section 6081................................    1545-BE62
2843        Simplification Of Extension Process Under Section 6081 (Temporary)....................    1545-BE63
2844        Deferred Compensation (Temporary).....................................................    1545-BE79
2845        Abandonment of Stock and Other Securities.............................................    1545-BE80
2846        Foreign Currency Contract Defined.....................................................    1545-BE82
[[Page 65046]]
2847        Foreign Currency Contract Defined (Temporary).........................................    1545-BE83
2848        Special Allocation of Basis in Connection With Adjustments and Determinations.........    1545-BE87
2849        Application of Section 338 to Insurance Companies.....................................    1545-BF02
----------------------------------------------------------------------------------------------------------------
                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2850        Foreign Insurance Companies...........................................................    1545-AL82
2851        Fringe Benefit Sourcing Under Section 861.............................................    1545-AO72
2852        Guidance in Notice 89-37, Which Treats the Receipt of a Corporate Partner's Stock by      1545-AP52
            the Corporate Partner as a Circumvention of General Utilities Repeal..................
2853        Treatment of Dual Consolidated Losses.................................................    1545-AR26
2854        Financial Asset Securitization Investment Trust (FASIT) Start-Up; Operational and         1545-AU94
            Transitional Rules....................................................................
2855        Return of Levied Property in Certain Cases............................................    1545-AV01
2856        Capital Gain Guidance Relating to CRTs................................................    1545-AW35
2857        Cash or Deferred Arrangements.........................................................    1545-AX26
2858        Assumption of Partnership Liabilities.................................................    1545-AX93
2859        Withholding Tax on Foreign Partners' Share of Effectively Connected Income............    1545-AY28
2860        Guidance Under Section 355(e); Recognition of Gain on Certain Distributions of Stock      1545-AY42
            or Securities in Connection With an Acquisition.......................................
2861        Property Exempt From Levy.............................................................    1545-BA22
2862        Income From Sources Within Specified Possession.......................................    1545-BA37
2863        Carryback of Consolidated Net Operating Losses to Separate Return Years...............    1545-BA73
2864        Aggregate Computation and Allocation of Research Credit...............................    1545-BA88
2865        Designated IRS Officer or Employee....................................................    1545-BA89
2866        Distributions of Property.............................................................    1545-BB12
2867        Duplicative Tax Benefits..............................................................    1545-BB25
2868        Investment Adjustment Rules and Waiver of Loss Carryovers From SRLY Years--Amended....    1545-BB38
2869        Election Out Generation-Skipping Transfer Tax (GST) Deemed Allocations................    1545-BB54
2870        Installment Obligations...............................................................    1545-BB65
2871        Corporate Reorganizations: Continuity Transfers of Assets or Stock Following a            1545-BB80
            Reorganization........................................................................
2872        Deemed Corporate Election for Electing S Corporations.................................    1545-BC32
2873        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated      1545-BC38
            Group.................................................................................
2874        Substitute for Return (SFR) and Automated Substitute for Return (ASFR) (Temporary)....    1545-BC46
2875        Guarantee Fees Under Section 143(g)...................................................    1545-BC59
2876        Predeceased Parent Rule...............................................................    1545-BC60
2877        Section 179 Elections.................................................................    1545-BC69
2878        Real Estate Mortgage Investment Conduit (REMIC) Tetra Rules...........................    1545-BC71
2879        Treatment of Foreign Stapled Corporation..............................................    1545-BD05
2880        Treatment of Foreign Stapled Corporation (Temporary)..................................    1545-BD06
2881        Time and Manner of Making Section 163(d)(4)(B) Election To Treat Qualified Dividend       1545-BD16
            Income as Investment Income...........................................................
2882        Move and Update the Estimated Tax Regulations.........................................    1545-BD17
2883        Allocation and Apportionment of Deductions for Charitable Contributions (Temporary)...    1545-BD47
2884        Source of Compensation for Labor or Personal Services.................................    1545-BD62
2885        Guidance Under Section 79.............................................................    1545-BD85
2886        Information Returns by Donees Relating to Qualified Intellectual Property                 1545-BE12
            Contributions (Temporary).............................................................
2887        Aggregate Computation: Allocation of Research Credit II (Temporary)...................    1545-BE17
2888        Withholding Exemptions (Temporary)....................................................    1545-BE21
2889        Residence and Source Rules Involving U.S. Possessions (Temporary).....................    1545-BE22
2890        Dye Injection (Temporary).............................................................    1545-BE44
2891        Attained Age of Insured...............................................................    1545-BE53
2892        Regulations Under Section 263A Regarding Use at Simplified Service Cost Method and        1545-BE61
            Simplified Production Method (Temporary)..............................................
2893        LIFO Recapture Under Section 1363(d)..................................................    1545-BE75
----------------------------------------------------------------------------------------------------------------
[[Page 65047]]
                                   Office of Thrift Supervision--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2894        Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Maintenance: Domestic         1550-AB98
            Capital Modifications.................................................................
----------------------------------------------------------------------------------------------------------------
                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2895        Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord.............    1550-AB56
2896        12 CFR 506 Securities-Related Activities of Savings Associations......................    1550-AB92
2897        Identity Theft Detection, Prevention, and Mitigation Program for Financial                1550-AB94
            Institutions and Creditors............................................................
2898        12 CFR 507 One-Year Post-Employment Restrictions for Senior Examiners.................    1550-AB99
----------------------------------------------------------------------------------------------------------------
                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2899        Fair Credit Reporting Medical Information Regulations.................................    1550-AB88
2900        Fair Credit Reporting Affiliate Marketing Regulations.................................    1550-AB90
----------------------------------------------------------------------------------------------------------------
                                 Office of Thrift Supervision--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2901        12 CFR 563e Community Reinvestment Act................................................    1550-AB48
2902        Special Rules for Adjudicatory Proceedings for Certain Holding Companies..............    1550-AB96
----------------------------------------------------------------------------------------------------------------
                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
2903        12 CFR 506 EGRPRA Regulatory Review--Application and Reporting Requirements...........    1550-AB93
----------------------------------------------------------------------------------------------------------------
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2390. 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                            12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC23
Agency Contact: Maria 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
_______________________________________________________________________
2391. UNIFORM RULES OF ORIGIN
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624
[[Page 65048]]
CFR Citation: 19 CFR 102
Legal Deadline: None
Abstract: Amendment to set forth uniform rules for determining the
country of origin of imported goods.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Daniel Cornette, Attorney, Special Classification and
Marking Branch, Department of the Treasury, Office of Regulations and
Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8731
RIN: 1505-AB49
_______________________________________________________________________
2392. REVISION OF OUTBOUND REDELIVERY PROCEDURES AND LIABILITIES
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1623; 19 USC 1624
CFR Citation: 19 CFR 113
Legal Deadline: None
Abstract: Amendment of the condition in an international carrier bond
regarding the unlawful disposition of merchandise in order to allow CBP
to better control the exportation of merchandise and to have more
control over demands for redelivery. Conditions of the bond would be
amended to no longer require the merchandise to be labeled as seized
and detained for the principal to be required to obtain permission from
CBP prior to placing the merchandise on board a conveyance for export
or otherwise disposing of the merchandise. Instead of the condition
being applicable when CBP labels merchandise, the condition would be
applicable when CBP notifies the principal either in writing or
electronically that the merchandise has been seized or detained.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
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
_______________________________________________________________________
2393. 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                            11/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Bruce Ingalls, Chief, Collection Section, Department of
the Treasury, Office of Finance, Indianapolis, IN 46278
Phone: 317 298-1307
RIN: 1505-AB54
_______________________________________________________________________
2394. [bull] 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 one 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                            11/00/05
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
[[Page 65049]]
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2395. REPORTING AND PROCEDURES REGULATIONS; CUBAN ASSETS CONTROL
REGULATIONS: PUBLICATION OF ECONOMIC SANCTIONS ENFORCEMENT GUIDELINES
Priority: Substantive, Nonsignificant
Legal Authority: 21 USC 1901 to 1908; 22 USC 287c; 31 USC 321(b); 50
USC 1701 to 1706; 50 USC app 1-44
CFR Citation: 31 CFR 501; 31 CFR 515
Legal Deadline: None
Abstract: The Office of Foreign Assets Control (OFAC) of the U.S.
Department of the Treasury is publishing for public comment an updated
version of its internal Economic Sanctions Enforcement Guidelines.
These Guidelines are being published as separate appendices to two
parts of the Code of Federal Regulations: 1) General provisions are
being published as an appendix to the Reporting and Procedures
Regulations, 31 CFR part 501; and 2) specific provisions focusing on
Cuba are being published as an appendix to the Cuban Assets Control
Regulations, 31 CFR part 515.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/29/03                     68 FR 4422
NPRM Comment Period End         03/31/03
Final Action                    01/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Chief of Records, Department of the Treasury, Annex-2nd
Floor, Office of Foreign Assets Control, 1500 Pensylvania Avenue NW.,
Washington, DC 20220
Phone: 202 622-2530
Fax: 202 622-1657
RIN: 1505-AA95
_______________________________________________________________________
2396. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC32
Agency Contact: Monika Rice Brenner, Chief, Special Classification and
Marking Branch, Department of the Treasury, Office of Regulations and
Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8810
RIN: 1505-AB21
_______________________________________________________________________
2397. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 197; 19 USC 198; 19 USC 58a to 58c;
19 USC 66; 19 USC 1202; 19 USC 1450; 19 USC 1624; 31 USC 9701
CFR Citation: 19 CFR 24
Legal Deadline: None
Abstract: Amendment to expand the number of ways that the Bureau of
Customs and Border Protection will accept payment of duties, taxes,
fees, interest, and other charges. Currently, the regulations allow for
credit or charge cards, which have been authorized by the Commissioner
of the Bureau of Customs and Border Protection (Commissioner), to be
used at designated customs-serviced locations with a limitation that
this method of payment may only be used by noncommercial entities.
Amendment allows 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC40
Agency Contact: Linda Lloyd, Financial Officer, Financial Policy
Division, Department of the Treasury, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 344-1565
RIN: 1505-AB22
_______________________________________________________________________
2398. USER AND NAVIGATION FEES; OTHER REIMBURSABLE CHARGES
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202;
19 USC 1431; 19 USC 1433; 19 USC 1434; 19 USC 1505; 19 USC 1624; 31 USC
9701; 46 USC 2110 to 2112
CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 101
Legal Deadline: None
Abstract: Amendment regarding the proper assessment of user and
navigation fees, as well as other reimbursement charges for customs
services performed in connection with, among other things, the
processing of vehicles, vessels, aircraft, and merchandise arriving in
the United States. The purpose of the amendment is to conform the
regulations with the intent of the customs user fee statute and to
reflect existing operational policy and administrative practice in this
area.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/01/01                    66 FR 21705
NPRM Comment Period End         07/02/01
Final Action                    01/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC63
[[Page 65050]]
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
_______________________________________________________________________
2399. AFRICAN GROWTH AND OPPORTUNITY ACT AND GENERALIZED SYSTEM OF
PREFERENCES
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC
2461; 19 USC 3314; 19 USC 3721
CFR Citation: 19 CFR 10; 19 CFR 163
Legal Deadline: Final, Statutory, October 1, 2000, Public Law 106-200.
Abstract: Amendments to implement the trade benefit provisions for sub-
Saharan Africa contained in title I of the Trade and Development Act of
2000. The trade benefits under title I, also referred to as the African
Growth and Opportunity Act, apply to sub-Saharan African countries
designated by the President and involve the extension of duty-free
treatment under the Generalized System of Preferences (GSP) to
nonimport-sensitive, nontextile articles normally excluded from GSP
duty-free treatment, and the entry of specific textile and apparel
articles free of duty and free of any quantitative limits.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              10/05/00                    65 FR 59668
Interim Final Rule Effective    10/01/00
Interim Final Rule Comment
Period End                      12/04/00
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC72
Agency Contact: Cynthia Reese, Senior Attorney, Department of the
Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue
NW., Washington, DC 20229
Phone: 202 572-8790
RIN: 1505-AB26
_______________________________________________________________________
2400. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC76
Agency Contact: Cynthia Reese, Senior Attorney, Department of the
Treasury, Room 503, Office of Regulations and Rulings, 1300
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8790
RIN: 1505-AB28
_______________________________________________________________________
2401. 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                    01/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AC77
Agency Contact: Bruce Ingalls, Chief, Collection Section, Department of
the Treasury, Office of Finance, Indianapolis, IN 46278
Phone: 317 298-1307
RIN: 1505-AB29
_______________________________________________________________________
2402. 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
[[Page 65051]]
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                    02/00/06
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
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
_______________________________________________________________________
2403. 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                    11/00/05
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
_______________________________________________________________________
2404. 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                    11/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AD19
Agency Contact: Cynthia Reese, Senior Attorney, Department of the
Treasury, Room 503, Office of Regulations and Rulings, 1300
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8790
Robert Abels, Operations Officer, Department of the Treasury, Office of
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1959
RIN: 1505-AB37
_______________________________________________________________________
2405. 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
[[Page 65052]]
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                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AD20
Agency Contact: Robert Abels, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 344-1959
Cynthia Reese, Senior Attorney, Department of the Treasury, Room 503,
Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 572-8790
RIN: 1505-AB38
_______________________________________________________________________
2406. 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              12/00/05
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
_______________________________________________________________________
2407. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515-AD22
Agency Contact: Robert Abels, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 344-1959
Cynthia Reese, Senior Attorney, Department of the Treasury, Room 503,
Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 572-8790
RIN: 1505-AB40
_______________________________________________________________________
2408. 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
[[Page 65053]]
the United States and the Republic of Chile.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              03/07/05                    70 FR 10868
Interim Final Rule Comment
Period End                      06/06/05
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Robert Abels, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 344-1959
RIN: 1505-AB47
_______________________________________________________________________
2409. UNITED STATES--SINGAPORE FREE TRADE AGREEMENT
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 3805 note; 19 USC 1202; 19 USC 66; 19 USC 1624;
. . .
CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 163; . . .
Legal Deadline: Final, Statutory, January 1, 2005, U.S.-Singapore Free
Trade Agreement Implementation Act.
Abstract: Amendment to implement the preferential tariff treatment and
other customs-related provisions of the Free Trade Agreement entered
into by the United States and the Republic of Singapore.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              11/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Robert Abels, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 344-1959
RIN: 1505-AB48
_______________________________________________________________________
2410. RECORDATION OF COPYRIGHTS AND ENFORCEMENT PROCEDURES TO PREVENT
IMPORTATION OF PIRATICAL ARTICLES
Priority: Substantive, Nonsignificant
Legal Authority: 15 USC 1124; 15 USC 1125; 17 USC 101; 17 USC 106; 17
USC 501; 19 USC 66; 19 USC 1499; 19 USC 1595a; 17 USC 1201(b); 18 USC
2319A; . . .
CFR Citation: 19 CFR 133
Legal Deadline: None
Abstract: This amendment will allow CBP to be more responsive to claims
of piracy. Amendment would allow sound recordings and motion pictures
or similar audio-visual works to be recorded with CBP while pending
registration with the U.S. Copyright Office. Amendment would also
enhance the protection of all non-U.S. works by allowing recordation
without requiring registration with the U.S. Copyright Office.
Amendment would also set forth changes to CBP's enforcement procedures,
including, among other things, enhanced disclosure provisions,
protection for live musical performances and provisions to enforce the
Digital Millennium Copyright Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/05/04                    69 FR 59562
NPRM Comment Period End         11/04/04
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Paul Pizzeck, Attorney, Intellectual Property Rights
Branch, Department of the Treasury, Office of Regulations and Rulings,
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8710
George F. McCray, Chief, Intellectual Property Rights Branch,
Department of the Treasury, Office of Regulations and Rulings, 1300
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8709
RIN: 1505-AB51
_______________________________________________________________________
2411. CONDITIONAL RELEASE PERIOD AND CUSTOMS BOND OBLIGATIONS FOR FOOD,
DRUGS, DEVICES, AND COSMETICS
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                    11/00/05
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
_______________________________________________________________________
2412. [bull] 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
[[Page 65054]]
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                    03/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cynthia Reese, Senior Attorney, Department of the
Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue
NW., Washington, DC 20229
Phone: 202 572-8790
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-AB60
_______________________________________________________________________
2413. [bull] EXTENSION OF IMPORT RESTRICTIONS IMPOSED ON CERTAIN
CATEGORIES OF ARCHAEOLOGICAL MATERIAL IMPORTED FROM THE PRE-HISPANIC
CULTURES OF THE REPUBLIC OF NICARAGUA
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 reflect the extension for an additional five
years of the import restrictions on certain categories of
archaeological material from the Pre-Hispanic cultures of the Republic
of Nicaragua that were imposed in 2000.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: George F. McCray, Chief, Intellectual Property Rights
Branch, Department of the Treasury, Office of Regulations and Rulings,
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572-8709
Michael Craig, Chief, Other Government Agency Branch, Department of the
Treasury, Trade Compliance and Facilitation, Office of Field
Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 344-1684
RIN: 1505-AB61
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Departmental Offices (DO)
_______________________________________________________________________
2414. 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
_______________________________________________________________________
2415. FINANCIAL ACTIVITIES OF FINANCIAL SUBSIDIARIES
Priority: Substantive, Nonsignificant
CFR Citation: Not Yet Determined
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              03/20/00                    65 FR 14819
Interim Final Rule Effective    03/14/00
Interim Final Rule Comment
Period End                      05/15/00
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: gary.sutton@do.treas.gov
RIN: 1505-AA80
_______________________________________________________________________
2416. FINANCIAL SUBSIDIARIES
Priority: Substantive, Nonsignificant
CFR Citation: Not Yet Determined
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: gary.sutton@do.treas.gov
RIN: 1505-AA81
_______________________________________________________________________
2417. 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
[[Page 65055]]
NPRM Comment Period End         03/02/01
NPRM Comment Period Extended    05/01/01                    66 FR 12440
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: gary.sutton@do.treas.gov
RIN: 1505-AA84
_______________________________________________________________________
2418. SECRETARY'S DETERMINATION OF OTHER ACTIVITIES FINANCIAL IN NATURE
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 1501.2
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              01/02/01                      66 FR 257
Interim Final Rule Effective    01/02/01
Interim Final Rule Comment
Period End                      02/02/01
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Gary W. Sutton
Phone: 202 622-1976
Fax: 202 622-1974
Email: gary.sutton@do.treas.gov
RIN: 1505-AA85
_______________________________________________________________________
2419. TERRORISM RISK INSURANCE PROGRAM; RECOUPMENTS OF FEDERAL SHARE OF
COMPENSATION FOR INSURED LOSSES
Priority: Other Significant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 31 CFR 50
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                             To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Howard Leikin
Phone: 202 622-6770
RIN: 1505-AB10
_______________________________________________________________________
2420. HARBOR MAINTENANCE FEE
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 146; 19 CFR 178
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule Effective    03/01/87
Interim Final Rule              03/30/87                    52 FR 10198
Interim Final Rule Comment
Period End                      05/29/87
Final Action                     To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Deborah Thompson
Phone: 317 298-1200
RIN: 1505-AB11
_______________________________________________________________________
2421. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 24
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              01/08/92                      57 FR 607
Interim Final Rule Effective    01/08/92
Interim Final Rule Comment
Period End                      03/09/92
Final Action                     To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Deborah Thompson
Phone: 317 298-1200
RIN: 1505-AB12
_______________________________________________________________________
2422. 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
_______________________________________________________________________
2423. 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
[[Page 65056]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Departmental Offices (DO)
_______________________________________________________________________
2424. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: EXEMPTION
FOR HOLDINGS SUBJECT TO FIDUCIARY STANDARDS
Priority: Substantive, Nonsignificant
CFR Citation: 17 CFR 450.3
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    05/23/05                    70 FR 29445
Final Action Effective          05/23/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Lori Santamorena
Phone: 202 504-3632
Fax: 202 504-3635
Email: govsecreg@bpd.treas.gov
Lee Grandy
Phone: 202 504-3632
Fax: 202 504-3635
Email: govsecreg@bpd.treas.gov
Kevin Hawkins
Phone: 202 504-3632
Fax: 202 504-3635
Email: govsecreg@bpd.treas.gov
RIN: 1505-AB06
_______________________________________________________________________
2425. TERRORISM RISK INSURANCE PROGRAM; ADDITIONAL CLAIMS ISSUES
Priority: Other Significant
CFR Citation: 31 CFR 50
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    06/14/05                    70 FR 34348
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Howard Leikin
Phone: 202 622-6770
RIN: 1505-AB09
_______________________________________________________________________
2426. EXPANDED WEEKLY ENTRY PROCEDURE FOR FOREIGN TRADE ZONES
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 146
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       06/07/05                    70 FR 33046
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: William G. Rosoff
Phone: 202 572-8807
Debbie Scott
Phone: 202 344-1962
RIN: 1505-AB27
_______________________________________________________________________
2427. TARIFF TREATMENT RELATED TO DISASSEMBLY OPERATIONS UNDER THE NORTH
AMERICAN FREE TRADE AGREEMENT (NAFTA)
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 181
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    06/30/05                    70 FR 37669
Final Action Effective          08/01/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Shari Suzuki
Phone: 202 572-8818
RIN: 1505-AB41
_______________________________________________________________________
2428. FEDERAL BENEFIT PAYMENTS UNDER CERTAIN DISTRICT OF COLUMBIA
RETIREMENT PLANS
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 29
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/13/05                    70 FR 19366
Final Rule                      10/14/05                    70 FR 60003
Final Action Effective          10/14/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Agency Contact: Elizabeth Cuffe
Phone: 202 622-1682
RIN: 1505-AB55
BILLING CODE 4810--02--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2429. 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                           06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA39
[[Page 65057]]
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2430. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF
AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5321(e), Bank Secrecy Act
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This notice of proposed rulemaking proposes to delegate to
the appropriate Federal banking regulatory agencies the authority to
assess civil money penalties on depository institutions for violations
of the Bank Secrecy Act. The regulation would prescribe the parameters
of the delegated authority.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA08
_______________________________________________________________________
2431. CUSTOMER IDENTIFICATION PROGRAMS FOR TRAVEL AGENTS
Priority: Substantive, Nonsignificant
Legal Authority: PL 107-56, sec 326
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: This regulation will require travel agents to adopt and
implement reasonable procedures to verify the identity of any person
seeking to open an account, to the extent reasonable and practicable;
maintain records of the information used to verify the person's
identity; and determine whether the person appears on any lists of
known or suspected terrorists or terrorist organizations provided to
them by any Government agency.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           02/24/03                     68 FR 8571
ANPRM Comment Period End        04/10/03
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA38
_______________________________________________________________________
2432. CUSTOMER IDENTIFICATION PROGRAMS FOR LOAN AND FINANCE COMPANIES
Priority: Substantive, Nonsignificant
Legal Authority: PL 107-56, sec 326
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: This regulation will require loan and finance companies to
adopt and implement reasonable procedures to verify the identity of any
person seeking to open an account, to the extent reasonable and
practicable; maintain records of the information used to verify the
person's identity; and determine whether the person appears on any
lists of known or suspected terrorists or terrorist organizations
provided to them by any Government agency.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA40
_______________________________________________________________________
2433. CUSTOMER IDENTIFICATION PROGRAMS FOR SELLERS OF VEHICLES
Priority: Substantive, Nonsignificant
Legal Authority: PL 107-56, sec 326
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: This regulation will require sellers of vehicles to adopt and
implement reasonable procedures to verify the identity of any person
seeking to open an account, to the extent reasonable and practicable;
maintain records of the information used to verify the person's
identity; and determine whether the person appears on any lists of
known or suspected terrorists or terrorist organizations provided to
them by any Government agency.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           02/24/03                     68 FR 8568
ANPRM Comment Period End        04/10/03
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA41
_______________________________________________________________________
2434. 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
________________________________________________________________________
ANPRM Comment Period End        04/10/03                     68 FR 8571
NPRM                            06/00/06
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-AA69
[[Page 65058]]
_______________________________________________________________________
2435. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY
LAUNDERING PROGRAMS FOR LOAN AND FINANCE COMPANIES
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5316(h)
CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67
Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.
Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for loan and finance companies,
as defined in the Bank Secrecy Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
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-AA73
_______________________________________________________________________
2436. 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                            06/00/06
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-AA79
_______________________________________________________________________
2437. 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                            06/00/06
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-AA80
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2438. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING REPORTING
OF CROSS-BORDER TRANSPORTATION OF CERTAIN MONETARY INSTRUMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5312(a)(3), Bank Secrecy Act
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This rule will require reporting of cross-border
transportation of certain negotiable instruments.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/22/97                     62 FR 3249
NPRM Comment Period End         04/22/97
Final Action                    06/00/06
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
RIN: 1506-AA15
_______________________________________________________________________
2439. 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
[[Page 65059]]
Abstract: This document contains an interim final rule that further
reforms and simplifies the process by which depository institutions may
exempt transactions of retail and other businesses from the requirement
to report transactions in currency in excess of $10,000. The interim
final rule is part of a continuing program to reduce unnecessary
burdens upon financial institutions complying with the Bank Secrecy Act
and increase the cost-effectiveness of the counter-money laundering
policies of the Department of the Treasury.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              07/28/00                    65 FR 46356
Interim Final Rule Effective    07/31/00
Interim Final Rule Comment
Period End                      09/26/00
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA23
_______________________________________________________________________
2440. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT
NONFINANCIAL TRADES OR BUSINESSES REPORT CERTAIN CURRENCY TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 et seq;
PL 107-56
CFR Citation: 31 CFR 103.30
Legal Deadline: Final, Statutory, April 26, 2002, Interim final rule
published December 31, 2001.
Abstract: This document contains an interim final rule amending the
Bank Secrecy Act regulations to require certain persons to report
currency received in the course of their trade or business.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/31/01                    66 FR 67685
Interim Final Rule              12/31/01                    66 FR 67680
NPRM Comment Period End         03/01/02
Final Action                    06/00/06
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
RIN: 1506-AA25
_______________________________________________________________________
2441. DUE DILIGENCE REQUIREMENTS FOR CORRESPONDENT ACCOUNTS AND PRIVATE
BANKING ACCOUNTS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5318(i)
CFR Citation: 31 CFR 103.175 to 103.178
Legal Deadline: Final, Statutory, July 23, 2002, Public Law 107-56, sec
312.
Abstract: Section 5318(i) of 31 U.S.C., added by section 312 of the
Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act (USA PATRIOT Act) of
2001, requires U.S. financial institutions to establish due diligence
policies, procedures, and controls reasonably designed to detect and
report money laundering through correspondent accounts and private
banking accounts that U.S. financial institutions establish or maintain
for non-U.S. persons. Section 312 takes effect on July 23, 2002,
whether or not Treasury has issued a final rule implementing that
provision.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/30/02                    67 FR 37736
NPRM Comment Period End         07/01/02
Interim Final Rule              07/23/02                    67 FR 48347
Interim Final Rule Effective    07/23/02
Interim Final Rule Comment
Period End                      08/22/02
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA29
_______________________________________________________________________
2442. CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS ASSOCIATIONS,
AND CREDIT UNIONS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5318(l)
CFR Citation: 31 CFR 103.121
Legal Deadline: Final, Statutory, October 25, 2002, Public Law 107-56,
sec 352.
Abstract: This notice of proposed rulemaking proposes to require banks,
savings associations, and credit unions to establish written customer
identification programs.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/23/02                    67 FR 48290
NPRM Comment Period End         09/06/02
NPRM                            05/09/03                    68 FR 25163
Final Action                    05/09/03                    68 FR 25090
NPRM Comment Period End         06/23/03
Final Action                    06/00/06
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
RIN: 1506-AA31
_______________________________________________________________________
2443. FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK
SECRECY ACT REGULATIONS REQUIREMENT THAT INSURANCE COMPANIES REPORT
SUSPICIOUS TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5332
CFR Citation: 31 CFR 103.16
Legal Deadline: None
[[Page 65060]]
Abstract: This document will require insurance companies to report
suspicious transactions to the Department of the Treasury. The
amendments constitute a further step in the creation of a comprehensive
system for the reporting of suspicious transactions by the major
categories of financial institutions operating in the United States as
a part of the counter-money laundering program of the Department of the
Treasury.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/17/02                    67 FR 64067
NPRM Comment Period End         12/16/02
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA36
_______________________________________________________________________
2444. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT
MUTUAL FUNDS REPORT SUSPICIOUS TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to
5331; PL 107-56
CFR Citation: 31 CFR 103.15
Legal Deadline: None
Abstract: This document contains an amendment to the regulations
implementing the statute generally known as the Bank Secrecy Act. The
amendment would require mutual funds to report suspicious transactions
to the Department of the Treasury. The amendment constitutes a further
step in the creation of a comprehensive system for the reporting of
suspicious transactions by the major categories of financial
institutions operating in the United States, as part of the counter-
money laundering program of the Department of the Treasury.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/21/03                     68 FR 2716
NPRM Comment Period End         03/24/03
Final Action                    06/00/06
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
RIN: 1506-AA37
_______________________________________________________________________
2445. IMPOSITION OF SPECIAL MEASURES AGAINST THE COUNTRY OF NAURU
Priority: Substantive, Nonsignificant
Legal Authority: PL 107-56, sec 311; 31 USC 5318A
CFR Citation: 31 CFR 103.184
Legal Deadline: None
Abstract: This rule will impose ``special measures'' against Nauru.
Nauru was previously designated as a country of primary money
laundering concern pursuant to section 311 of the USA PATRIOT Act on
December 20, 2002, a prerequisite for the imposition of special
measures.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/17/03                    68 FR 18914
NPRM Comment Period End         05/19/03
Final Action                    06/00/06
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
RIN: 1506-AA43
_______________________________________________________________________
2446. FINANCIAL CRIMES ENFORCEMENT; AMENDMENTS TO THE BANK SECRECY ACT
REGULATIONS--NOMENCLATURE CHANGES
Priority: Info./Admin./Other. Major status under 5 USC 801 is
undetermined.
Legal Authority: 31 USC 5318 et seq
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This document amends 31 CFR part 103 to reflect changes to
the structure of the Department of the Treasury.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA61
_______________________________________________________________________
2447. 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                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA64
[[Page 65061]]
_______________________________________________________________________
2448. IMPOSITION OF SPECIAL MEASURE AGAINST FIRST MERCHANT BANK OSH LTD,
INCL. ITS SUBSIDIARIES, FMB FINANCE LTD, FIRST MERCHANT INTERNATIONAL
INC, FIRST MERCHANT FINANCE LTD, AND FIRST MERCHANT TRUST LTD
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 31 USC 5318A
CFR Citation: 31 CFR 103.189
Legal Deadline: None
Abstract: This document will prohibit certain U.S. financial
institutions from maintaining correspondent or payable-through accounts
in the United States for, or on behalf of, a foreign bank determined to
be of primary money laundering concern.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/24/04                    69 FR 51979
NPRM Comment Period End         09/23/04
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA65
_______________________________________________________________________
2449. 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                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA67
_______________________________________________________________________
2450. 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
Final Action                    06/00/06
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
_______________________________________________________________________
2451. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY
LAUNDERING PROGRAMS FOR INSURANCE COMPANIES
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5316(h)
CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67
Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.
Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for insurance companies, as
defined in the Bank Secrecy Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/26/02                    67 FR 60625
NPRM Comment Period End         11/25/02
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
Related RIN: Split from 1506-AA28
RIN: 1506-AA70
_______________________________________________________________________
2452. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY
LAUNDERING PROGRAMS FOR INVESTMENT ADVISORS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5316(h)
CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67
Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.
Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for investment advisors, as
defined in the Bank Secrecy Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/05/03                    68 FR 23646
NPRM Comment Period End         07/07/03
Final Action                    06/00/06
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
[[Page 65062]]
Phone: 703 905-3590
Fax: 703 905-3735
Related RIN: Split from 1506-AA28
RIN: 1506-AA71
_______________________________________________________________________
2453. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY
LAUNDERING PROGRAMS FOR FINANCIAL INSTITUTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5316(h)
CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67
Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.
Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for financial institutions, as
defined in the Bank Secrecy Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              11/06/02                    67 FR 67547
Final Action                    06/00/06
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-AA72
_______________________________________________________________________
2454. 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
Final Action                    06/00/06
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-AA74
_______________________________________________________________________
2455. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY
LAUNDERING PROGRAMS FOR COMMODITY TRADING ADVISORS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5316(h)
CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67
Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.
Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for commodity trading advisors,
as defined in the Bank Secrecy Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/05/03                    68 FR 23640
NPRM Comment Period End         07/07/03
Final Action                    06/00/06
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-AA75
_______________________________________________________________________
2456. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
Related RIN: Split from 1506-AA28
RIN: 1506-AA76
_______________________________________________________________________
2457. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY
LAUNDERING PROGRAMS FOR UNREGISTERED INVESTMENT COMPANIES
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 5316(h)
CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67
Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.
Abstract: FinCEN will issue a series of regulations regarding anti-
money laundering program requirements for unregistered investment
companies, as defined in the Bank Secrecy Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/26/02                    67 FR 60617
NPRM Comment Period End         11/25/02
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
[[Page 65063]]
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905-3590
Fax: 703 905-3735
Related RIN: Split from 1506-AA28, Previously reported as 1506-AA57
RIN: 1506-AA77
_______________________________________________________________________
2458. 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              06/09/05                    70 FR 33702
Interim Final Rule Comment
Period End                      05/07/05
Final Action                    06/00/06
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-AA78
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2459. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--SPECIAL REPORTING
AND RECORDKEEPING REQUIREMENTS--MONEY SERVICES BUSINESSES (MSBS)
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 103
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/21/97                    62 FR 27909
NPRM Comment Period End         09/30/97
Final Action                     To Be                       Determined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel
Phone: 703 905-3590
Fax: 703 905-3735
RIN: 1506-AA19
BILLING CODE 4810--35--S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2460. CLAIMS ON ACCOUNT OF TREASURY CHECKS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 321; 31 USC 3328; 31 USC 3331; 31 USC 3343; 31
USC 3702; 31 USC 3712
CFR Citation: 31 CFR 245
Legal Deadline: None
Abstract: Title 31 CFR part 245 governs the issuance of replacement
checks for checks drawn on the United States Treasury when: 1) The
original check has been lost, stolen, destroyed or mutilated, or
defaced to such an extent that it is rendered non-negotiable; 2) the
original check has been negotiated and paid on a forged or unauthorized
indorsement; and 3) the original check has been cancelled pursuant to
31 CFR part 240. This regulation is being revised to update the
regulation's definitions to make them consistent with the language of
the revisions to the definitions in 31 CFR part 240. Other revisions
will govern the use of the Check Forgery Insurance Fund (Fund). The
Fund is a revolving fund established to settle payee claims of
nonreceipt where the original check has been fraudulently negotiated.
The Fund ensures that innocent payees, whose Treasury checks have been
fraudulently cashed, receive replacement checks in a timely manner. The
NPRM is on hold pending implementation of the Expanded Check Forgery
Insurance Fund Legislation (CFIF) and the Treasury Check Information
System (TCIS).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Ella White, Program Analyst, Department of the
Treasury, Financial Management Service, Room 8D25, 3700 East-West
Highway, Hyattsville, MD 20782
Phone: 202 874-8445
Email: ella.white@fms.treas.gov
RIN: 1510-AA51
_______________________________________________________________________
2461. 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
[[Page 65064]]
Abstract: This regulation governs the procedures for securing payment
for money judgments against the United States. The proposed revision
will update these procedures. This revision will benefit claimants and
others in understanding the judgment payment process. This regulation
currently describes a process that involves the General Accounting
Office (GAO) and the Treasury Department. The revision will remove the
GAO from this description to reflect legislative amendments that effect
this change. Also, the regulation currently identifies monetary
thresholds that no longer exist. The change will reflect the removal of
these monetary limitations. These revisions will make the regulation
consistent with current procedures for securing payment of money
judgments against the United States.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/08/96                      61 FR 552
NPRM Comment Period End         02/07/96
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Agency Contact: Vivian Cooper, Director, Financial Accounting and
Services Division, Department of the Treasury, Financial Management
Service, Room 620D, 3700 East-West Highway, Hyattsville, MD 20782
Phone: 202 874-8380
Email: vivian.cooper@fms.treas.gov
RIN: 1510-AA52
_______________________________________________________________________
2462. [bull] FOREIGN EXCHANGE OPERATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 9701; 31 USC 3342
CFR Citation: 31 CFR 281
Legal Deadline: None
Abstract: The Financial Management Service is proposing to amend 31 CFR
Part 281 (Foreign Exchange Operations) in order to establish currency
conversion fees for electronic Federal payments disbursed to overseas
recipients via the Federal Reserve Banks' FedACH International service.
To deliver a payment through FedACH International to a bank account
maintained by an individual or business in a foreign country, it is
necessary first to convert the payment from U.S. dollars to the local
currency. FMS does not generally provide currency conversion services
when disbursing payments, and is proposing to recoup the cost of this
special service from payment recipients.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Natalie H. Diana, Senior Attorney, Department of the
Treasury, Financial Management Service, 401 14th Street SW.,
Washington, DC 20227
Phone: 202 874-6680
Fax: 202 874-6627
Email: natalie.diana@fms.treas.gov
RIN: 1510-AB03
_______________________________________________________________________
2463. [bull] WITHHOLDING OF DISTRICT OF COLUMBIA, STATE, CITY, AND
COUNTY INCOME OR EMPLOYMENT TAXES BY FEDERAL AGENCIES
Priority: Info./Admin./Other
Legal Authority: 5 USC 5516; 5 USC 5517; 5 USC 5520; EO 11997
CFR Citation: 31 CFR 215
Legal Deadline: None
Abstract: This regulatory action revises the name and address of the
office within the Department of the Treasury (Treasury) which will
correspond with government entities requesting a tax withholding
agreement with Treasury.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Marc Seldin, Senior Attorney, Department of the
Treasury, Financial Management Service, 401 14th Street, SW.,,
Washington, DC 20227
Phone: 202 874-6863
Fax: 202 874-6627
Email: marc.seldin@fms.treas.gov
RIN: 1510-AB06
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2464. 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              04/00/06
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, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov
RIN: 1510-AA91
[[Page 65065]]
_______________________________________________________________________
2465. 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              10/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Matthew R. Friend, Acting Director, Settlement Services
Division, Department of the Treasury, Financial Management Service, 401
14th Street SW., Washington, DC 20227
Phone: 202 874-1251
Fax: 202 874-8644
Email: matthew.friend@fms.treas.gov
RIN: 1510-AB00
_______________________________________________________________________
2466. 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              10/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Laura Carrico, Acting Director, Investment Management
Division, Department of the Treasury, Financial Management Service, 401
14th Street SW., Washington, DC 20227
Phone: 202 874-7119
Email: laura.carrico@fms.treas.gov
RIN: 1510-AB01
_______________________________________________________________________
2467. [bull] FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING
HOUSE
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 321
CFR Citation: 31 CFR 210
Legal Deadline: None
Abstract: The Financial Management Service is promulgating an interim
final rule to amend 31 CFR Part 210 (Federal Government Participation
in the Automated Clearing House) in order to address changes to the
Automated Clearing House (ACH) rules that have been adopted during the
past two years. The interim rule will incorporate in 31 CFR Part 210
certain operational and technical changes to the ACH rules. The interim
final rule will become effective 60 days after publication in the
Federal Register. There is a 60-day comment period on the rule.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Natalie H. Diana, Senior Attorney, Department of the
Treasury, Financial Management Service, 401 14th Street SW.,
Washington, DC 20227
Phone: 202 874-6680
Fax: 202 874-6627
Email: natalie.diana@fms.treas.gov
RIN: 1510-AB04
_______________________________________________________________________
2468. [bull] 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 provide additional parameters relating to the
offset of Federal grant payments.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              04/00/06
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, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov
RIN: 1510-AB05
[[Page 65066]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Financial Management Service (FMS)
_______________________________________________________________________
2469. SALARY OFFSET
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 285.7
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    05/03/05                    70 FR 22797
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Gerry Isenberg
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov
RIN: 1510-AA70
_______________________________________________________________________
2470. ADMINISTRATIVE WAGE GARNISHMENT CLARIFICATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 285.11
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       07/25/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal, Local, State
Agency Contact: Gerry Isenberg
Phone: 202 874-7131
Fax: 202 874-7494
Email: gerald.isenberg@fms.treas.gov
Related RIN: Related to 1510-AA67
RIN: 1510-AB02
BILLING CODE 4810--31--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
ALCOHOL
____________________________________________________
2471. 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                           10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: RaMona Hupp, Writer-Editor, Department of the Treasury,
Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street
NW., Washington, DC 20220
Phone: 202 927-2166
Fax: 202 927-8525
Email: ramona.hupp@ttb.gov
Related RIN: Related to 1513-AA12
RIN: 1513-AB05
_______________________________________________________________________
2472. [bull] USE OF THE WORD ``PURE'' OR ITS VARIANTS IN THE LABELING
AND ADVERTISING OF ALCOHOL BEVERAGES.
Priority: Other Significant
Legal Authority: 27 U.S.C. 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                           10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.gov
RIN: 1513-AB16
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
ALCOHOL
____________________________________________________
2473. DENATURED SPIRITS, ARTICLES, AND NONBEVERAGE PRODUCTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 19; 27 CFR 20; 27 CFR 27; 27 CFR 28
Legal Deadline: None
Abstract: Modernizes and clarifies regulations relating to the
following activities: 1) Manufacture of articles made with specially
denatured alcohol (SDA); 2) exportation of SDA and articles made with
SDA; and 3) importation of denatured spirits, fuel alcohol, articles
made with SDA, and nonbeverage alcoholic products.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
NPRM Comment Period End         12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Steven C. Simon, TTB Specialist, Department of the
Treasury,
[[Page 65067]]
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
_______________________________________________________________________
2474. 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
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 Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,
Morganza, MD 10660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.gov
RIN: 1513-AB07
_______________________________________________________________________
2475. 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                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jessica M. Bungard, Management Analyst, Department of
the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E,
1310 G Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: jessica.bungard@ttb.gov
Related RIN: Related to 1513-AB07
RIN: 1513-AB08
_______________________________________________________________________
2476. ALTERNATING BREWERY PROPRIETORS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 5051; 26 USC 5401
CFR Citation: 27 CFR 25
Legal Deadline: None
Abstract: TTB is establishing guidelines for the establishment of
alternating proprietors at brewery premises. These guidelines will
provide standards for the establishment of an alternating
proprietorship at a brewery premises, and will provide guidelines for
the operations of these premises by separate established brewers. These
will give guidance on operations, taxpayment, recordkeeping, reporting,
and segregation of products made by separate brewers. TTB will first
issue interpretative guidelines in the form of an industry memorandum
or industry circular prior to proposing regulations on the subject.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Charles N. Bacon, Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 5056,
Beverly Farms, MA 01915
Phone: 978 921-1840
Fax: 978 921-1840
Email: charles.bacon@ttb.gov
RIN: 1513-AB09
_______________________________________________________________________
2477. [bull] PETITION TO ESTABLISH THE OUTER COASTAL PLAIN AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 U.S.C. 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB received a petition proposing to establish the Outer
Coastal Plain viticultural area in southeast New Jersey. The 2,255,400-
acre area includes all of Cape May, Atlantic, Ocean, and Cumberland
Counties and portions of Salem, Gloucester, Camden, Burlington, and
Monmouth Counties. Currently, the area has 1,227 vineyard acres.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda W. Chapman, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW.,
Suite 200E, Washington, DC 20220
[[Page 65068]]
Phone: 202 927-8210
Fax: 202 927-8525
Email: linda.chapman@ttb.gov
RIN: 1513-AB13
_______________________________________________________________________
2478. [bull] PETITION TO ESTABLISH THE RATTLESNAKE HILLS AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
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                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, 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
_______________________________________________________________________
2479. [bull] PETITION TO ESTABLISH THE SADDLE ROCK-MALIBU AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
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                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, 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
____________________________________________________
2480. 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: 70.701(d)
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                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jessica Bungard, Management Analyst, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 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
____________________________________________________
2481. [bull] 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 4216-4219; 26 USC
4221-4223; 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-
6104; 26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26 USC 6301-
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                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
[[Page 65069]]
Government Levels Affected: None
URL For Public Comments:
nprm@ttb.gov
Agency Contact: Karl O. Joedicke, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW.,
Suite 200E, Washington, DC 20220
Phone: 202 927-7460
Fax: 202 927-8525
Email: karl.joedicke@ttb.gov
RIN: 1513-AB12
_______________________________________________________________________
2482. 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                            10/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AA98
Agency Contact: Joanne Brady, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 45797,
Philadelphia, PA 19149
Phone: 215 333-7050
Fax: 215 333-8871
Email: joanne.brady@ttb.treas.gov
RIN: 1513-AA00
_______________________________________________________________________
2483. DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 5701; 27 USC 5702
CFR Citation: 27 CFR 40; 27 CFR 275
Legal Deadline: None
Abstract: This notice incorporates most of the parts of Industry
Circular 91-3, dated March 19, 1991, entitled ``Large Cigar Taxes On
and After January, 1991'' that have not been placed in the regulations.
Industry Circular 91-3 addressed questions about determining the amount
of tax for large cigars based on their sale price. In addition, this
notice proposes: 1) To give guidance on tax adjustments for large
cigars provided at no cost in connection with a sale; and 2)
recordkeeping requirements for persons in Puerto Rico, who bring large
cigars upon prepayment or deferred payment of tax into the United
States from Puerto Rico.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
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, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: amy.rogers@ttb.gov
RIN: 1513-AA16
_______________________________________________________________________
2484. 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                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC52
Agency Contact: Daniel J. Hiland, Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 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
_______________________________________________________________________
2485. REGULATORY CHANGES FROM CUSTOMS SERVICE FINAL RULE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 44
Legal Deadline: None
Abstract: The temporary rule prescribes TTB regulations relating to a
final rule (T.D. 92-181, 57 FR 37692), published by the former U.S.
Customs Service (Customs). Customs published this final rule to create
a separate class of customs bonded warehouse duty-free store (class 9).
A class 9 customs bonded warehouse may receive tobacco products or
cigarette papers or tubes without payment of Federal excise tax. The
temporary rule prescribes the regulations that allow a manufacturer of
tobacco products or cigarette papers and tubes and an export warehouse
proprietor to send such articles to a class 9 customs bonded warehouse.
In addition, the temporary rule prescribes regulations that allow a
proprietor of a customs bonded manufacturing warehouse to send such
cigars to a
[[Page 65070]]
class 9 customs bonded warehouse. This notice of proposed rulemaking
invites comments on the temporary rule.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC56
Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov
RIN: 1513-AA26
_______________________________________________________________________
2486. SHIPMENTS OF TOBACCO PRODUCTS OR CIGARETTE PAPERS OR TUBES WITHOUT
PAYMENT OF TAX
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 40; 27 CFR 275
Legal Deadline: None
Abstract: The proposed rule clarifies regulations and establishes
procedures governing tobacco products or cigarette papers or tubes
brought in bond from Puerto Rico to the United States. In addition, the
proposed rule would allow a manufacturer of tobacco products to receive
in bond, cigarette papers and tubes for placement in packages of roll-
your-own tobacco, and would eliminate filing bond extensions for
tobacco products and cigarette papers or tubes from the U.S. Virgin
Islands.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC57
Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov
RIN: 1513-AA27
_______________________________________________________________________
2487. TAX-PAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT
FOR BEVERAGE USE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 5010; 26 USC 5131 to 5134; 26 USC 5143; 26 USC
5206; 26 USC 5273; . . .
CFR Citation: 27 CFR 17
Legal Deadline: None
Abstract: TTB proposes to amend the regulations on tax-paid distilled
spirits used to manufacture nonbeverage products to allow manufacturers
to use natural and artificial one percent solutions without having to
file Form 5154.1, Formula and Process for Nonbeverage Product. This
proposal is part of an ongoing effort to streamline the TTB Alcohol and
Tobacco Laboratory's flavor formula approval process.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC73
Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov
RIN: 1513-AA37
_______________________________________________________________________
2488. PROPOSED ADDITION OF NEW GRAPE VARIETY NAMES FOR AMERICAN WINES
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4
Legal Deadline: None
Abstract: TTB has received petitions proposing to add several names to
the list of grape variety names used to designate American wines.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/00/06
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
_______________________________________________________________________
2489. MARKS, LABELS, NOTICES, AND BONDS FOR, AND REMOVAL OF, TOBACCO
PRODUCTS, AND CIGARETTE PAPERS AND TUBES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 5704; 26 USC 7805
CFR Citation: 27 CFR 40; 27 CFR 275
Legal Deadline: None
Abstract: This notice of proposed rulemaking involves labels, notices,
and marks for removals, in bond, of tobacco products or cigarette
papers and tubes that are not in packages. This notice proposes new
sections that prohibit the removal of tobacco products or cigarette
papers or tubes that are not in packages for domestic uses. Packages
are the immediate containers in which a manufacturer or importer places
the tobacco products or cigarette papers or tubes for sale or delivery
to the consumer. Also, this notice broadens the language for extending
bonds so that manufacturers may receive tobacco products, cigarette
papers and tubes,
[[Page 65071]]
without payment of tax, from Puerto Rico. This notice may affect the
operations conducted by manufacturers of tobacco products or cigarette
papers and tubes and importers of tobacco products.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC90
Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov
RIN: 1513-AA49
_______________________________________________________________________
2490. IN-TRANSIT STOPS OF TOBACCO PRODUCTS, AND CIGARETTE PAPERS AND
TUBES WITHOUT PAYMENT OF TAX
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 5704
CFR Citation: 27 CFR 40; 27 CFR 44
Legal Deadline: None
Abstract: This notice is the result of a petition from the Cigar
Association of America and the Pipe Tobacco Council. The petition
requests that TTB change its position regarding in-transit stops of
tobacco products and cigarette papers and tubes after removal without
payment of tax from a factory. TTB has taken the position that the law
provides that manufacturers may remove the tobacco products and
cigarette papers and tubes by paying the excise tax and subsequently
filing a claim for drawback. This notice proposes to clarify the
regulations to recognize such in-transit stops and specifies records
that manufacturers and export warehouse proprietors maintain relating
to the removals without payment of tax.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC95
Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov
RIN: 1513-AA52
_______________________________________________________________________
2491. PROPOSED ESTABLISHMENT OF ALTA MESA VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas 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                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 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
_______________________________________________________________________
2492. PROPOSED ESTABLISHMENT OF THE COSUMNES RIVER VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas 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
boundaries of the original Lodi viticultural area.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 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
_______________________________________________________________________
2493. PROPOSED ESTABLISHMENT OF SLOUGHHOUSE VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas 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
[[Page 65072]]
areas within the original boundaries of the Lodi viticultural area.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 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
_______________________________________________________________________
2494. PROPOSED ESTABLISHMENT OF MOKELUMNE RIVER VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas 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.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 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
_______________________________________________________________________
2495. PROPOSED ESTABLISHMENT OF JAHANT VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas 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 boundaries of the original Lodi
viticultural area.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 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
_______________________________________________________________________
2496. PROPOSED ESTABLISHMENT OF BORDEN RANCH VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas (LAVA) Steering
Committee proposes the establishment of the 70,000-acre ``Borden
Ranch'' viticultural area in the east central portion of the Lodi
viticultural area. The most distinctive features include old alluvial
fans, river terraces and plains, high elevations, and a windswept
climate. The Committee is petitioning for seven new viticultural areas
within the original Lodi viticultural area boundaries. A notice of
proposed rulemaking is being reviewed.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 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
_______________________________________________________________________
2497. PROPOSED ESTABLISHMENT OF CLEMENTS HILLS VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Lodi American Viticultural Areas (LAVA) Steering
Committee proposes the establishment of the 84,500-acre ``Clements
Hills'' viticultural area in the southeast portion of the established
Lodi viticultural area. It is a topographic transition area between the
low and flat San Joaquin Valley floor to the west and the progressively
more mountainous Sierra Foothills to the east. The most distinguishing
features of the Clements Hills area are the high elevation river
terraces and rounded hilltops. The Committee is petitioning for seven
new viticultural areas within the original Lodi viticultural area
boundaries. A notice of proposed rulemaking is being reviewed.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
[[Page 65073]]
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
_______________________________________________________________________
2498. PROPOSED ESTABLISHMENT OF THE MT. OSO VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The proposed Mt. Oso viticultural area, about 15 miles long
and 5 miles wide with 1,005 acres of vineyards, is nestled in the
foothills between the San Joaquin Valley and the Diablo Range in San
Joaquin and Stanislaus counties in California. The sloping hillside
topography includes streams and alluvial fans and plains. The
distinguishing climatic features of this 38,414-acre proposed area
include limited rainfall and persistent winds, along with sparse fog,
frost, and dew. A notice of proposed rulemaking is being reviewed.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA89
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
ALCOHOL
____________________________________________________
2499. NEW CERTIFICATION REQUIREMENTS FOR IMPORTED WINE
Priority: Substantive, Nonsignificant
Legal Authority: PL 108-429, sec 202
CFR Citation: 27 CFR 4; 27 CFR 24; 27 CFR 27
Legal Deadline: None
Abstract: TTB is amending the wine regulations to implement new
certification requirements for imported wine required by the
Miscellaneous Trade and Technical Corrections Act of 2004.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jennifer Berry, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540-344-5855
Email: jennifer.berry@ttb.gov
RIN: 1513-AB00
_______________________________________________________________________
2500. WAHLUKE SLOPE VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The Wahluke Slope Wine Grape Growers Association proposes the
establishment of the 81,000-acre Wahluke Slope viticultural area in
eastern Washington State. It is approximately 145 miles southeast of
Seattle, Washington, and just north of the Hanford Reservation, U.S.
Department of Energy (DOE). There are currently 5,200 acres of vineyard
land, as of November 2004. The major distinguishing factors include its
single landform and geographic isolation, distinctive soil patterns,
and unique climate characteristics.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/19/05                    70 FR 28861
NPRM Comment Period End         07/18/05
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 415 271-1254
Fax: 707-778-6349
Email: nancy.sutton@ttb.gov
RIN: 1513-AB01
_______________________________________________________________________
2501. PETITION TO ESTABLISH SAN ANTONIO VALLEY AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB has received a petition proposing ``San Antonio Valley''
as a new American viticultural area in California.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/19/05                    70 FR 28865
NPRM Comment Period End         07/18/05
Final Action                    01/00/06
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
[[Page 65074]]
Phone: 540 344-9333
Fax: 540 344-5855
Email: jennifer.berry@ttb.gov
RIN: 1513-AB02
_______________________________________________________________________
2502. [bull] PROPOSED CHANGE TO VINTAGE DATE REQUIREMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 205
CFR Citation: 27 CFR 4.27
Legal Deadline: None
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 Action                    10/00/05
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
_______________________________________________________________________
Administrative/Procedures
____________________________________________________
2503. ADMINISTRATIVE CHANGES TO ALCOHOL, TOBACCO, AND FIREARMS
REGULATIONS DUE TO THE HOMELAND SECURITY ACT OF 2002
Priority: Info./Admin./Other
Legal Authority: PL 107-296; . . .
CFR Citation: 27 CFR 1; 27 CFR 4 to 6; 27 CFR 8; . . .
Legal Deadline: None
Abstract: The Homeland Security Act of 2002 divided the Bureau of
Alcohol, Tobacco and Firearms, Department of the Treasury into two
separate agencies: the Bureau of Alcohol, Tobacco, Firearms and
Explosives in the Department of Justice, and the Alcohol and Tobacco
Tax and Trade Bureau in the Department of the Treasury. Due to these
changes, this final rule amends the Alcohol and Tobacco Tax and Trade
Bureau's regulations to reflect the Bureau's new name and
organizational structure.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.gov
RIN: 1513-AA80
_______________________________________________________________________
TOBACCO PRODUCTS
____________________________________________________
2504. 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
Legal Authority: 26 USC 5703 to 5705; 26 USC 5723; 26 USC 5741; 26 USC
5751; 26 USC 5762; 26 USC 5763; 26 USC 6313; 26 USC 7212; 26 USC 7342;
26 USC 7606; 26 USC 7805; 44 USC 3504(h)
CFR Citation: 27 CFR 45.31
Legal Deadline: None
Abstract: The Department of the Treasury and the Alcohol and Tobacco
Tax and Trade Bureau propose to amend the regulations relating to the
removal of tobacco products and cigarette papers and tubes, without
payment of tax, for use by the United States in law enforcement
activities. Specifically, we propose to allow manufacturers of tobacco
products and cigarette papers and tubes to remove these articles
without payment of tax for use by Federal agencies in their law
enforcement activities, and to exempt packages of those removed
products from the tax-exempt labeling requirement. We take this action
to timely meet the needs of Federal law enforcement operations,
particularly investigations involving tobacco diversion and cigarette
smuggling.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              04/15/05                    70 FR 19888
Interim Final Rule Effective    04/15/05
Interim Final Rule Comment
Period End                      06/15/05
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda W. Chapman, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW.,
Suite 200E, Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: linda.chapman@ttb.gov
RIN: 1513-AA99
_______________________________________________________________________
2505. 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.
[[Page 65075]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/22/99                    64 FR 71955
Interim Final Rule              12/22/99                    64 FR 71947
Interim Final Rule Effective    01/01/00
Interim Final Rule Comment
Period End                      05/03/00                    65 FR 17477
Final Action                    01/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC07
Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov
RIN: 1513-AA10
_______________________________________________________________________
2506. PROPOSAL TO RECOGNIZE SYNONYMS FOR PETITE SIRAH AND ZINFANDEL
GRAPE VARIETIES
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4
Legal Deadline: None
Abstract: TTB is proposing to amend the list of prime grape names for
American wines to recognize the name ``Durif'' as a synonym for the
Petite Sirah grape and to recognize the name ``Primitivo'' as a synonym
for the Zinfandel grape. This is in response to the result of recent
DNA research into the identity of these grape varieties.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/10/02                    67 FR 17312
NPRM Comment Period Extended    06/06/02                    67 FR 38915
NPRM Comment Period End         10/08/02
Final Action                    01/00/06
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
_______________________________________________________________________
2507. PROPOSED RED HILL DOUGLAS COUNTY, OREGON AMERICAN VITICULTURAL
AREA
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 205(e)
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB is reopening the comment period for the notice of
proposed rulemaking (NPRM) titled Petition for the Establishment of Red
Hill as an American Viticultural Area. TTB is soliciting comments on a
new proposed name for this viticultural area, ``Red Hill Douglas
County, Oregon.'' Public comments are requested by March 4, 2005.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/30/02                    67 FR 66079
NPRM Comment Period End         12/30/02
Comment Period Reopened         01/16/03                     68 FR 2262
Reopened Comment Period End     03/17/03
Comment Period Reopened         04/24/03                    68 FR 20090
Reopened Comment Period End     05/27/04
Comment Period Reopened         02/02/05                     70 FR 5397
Reopened Comment Period End     04/04/05
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC76
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA39
_______________________________________________________________________
2508. PETITION TO ESTABLISH ``EOLA HILLS'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB has received a petition proposing the establishment of
``Eola Hills'' as a new American viticultural area in Oregon.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/08/03                    68 FR 52875
NPRM Comment Period End         11/07/03
Comment Period Extended         11/07/03                    68 FR 63042
Extended Comment Period End     01/06/04
Final Action                    01/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC78
Agency Contact: Jennifer Berry, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: jennifer.berry@ttb.gov
RIN: 1513-AA41
_______________________________________________________________________
2509. 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
[[Page 65076]]
associated notice of proposed rulemaking. Comments were due March 27,
2003.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/08/02                    67 FR 62860
Temporary Rule                  10/08/02                    67 FR 62856
NPRM Comment Period Reopened    12/27/02                    67 FR 79011
NPRM Comment Period Reopened    05/09/03                    68 FR 24903
Final Action                    02/00/06
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
_______________________________________________________________________
2510. PETITION TO EXPAND THE LIVERMORE VALLEY VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB received a petition proposing to expand the boundaries of
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 Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC99
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA54
_______________________________________________________________________
2511. SAN FRANCISCO BAY AND CENTRAL COAST VITICULTURAL AREAS--BOUNDARY
REALIGNMENT/EXPANSION
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB received a petition proposing an expansion/realignment of
the boundaries of approved American viticultural areas San Francisco
Bay and Central Coast located in the State of California. In total, the
proposed expanded boundaries encompass approximately 20,000 acres. The
notice of proposed rulemaking 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 Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AD00
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA55
_______________________________________________________________________
2512. PETITION TO ESTABLISH ``CHEHALEM MOUNTAINS'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB has received a petition proposing the establishment of
the ``Chehalem Mountains'' viticultural area located in Yamhill,
Washington, and Clackamas Counties, Oregon. A draft final rule is being
prepared. The geographical name conflict is awaiting resolution prior
to any further action.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/07/03                    68 FR 57840
NPRM Comment Period End         12/08/03
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AD02
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, 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
_______________________________________________________________________
2513. 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
[[Page 65077]]
NPRM Comment Period Extended    08/27/02                    67 FR 54388
Comment Period Extended End     09/25/02
Final Action                    01/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: Transferred from RIN 1512-AC10
URL For Public Comments:
www.ttb.gov/foia/nprm--comments/notice946--comments.htm
Agency Contact: Charles N. Bacon, Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 5056,
Beverly Farms, MA 01915
Phone: 978 921-1840
Fax: 978 921-1840
Email: charles.bacon@ttb.gov
RIN: 1513-AA60
_______________________________________________________________________
2514. PETITION TO ESTABLISH THE ``FORT ROSS SEAVIEW'' VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The proposed 27,500-acre Fort Ross-Seaview viticultural area
is in the North Coast and Sonoma Coast viticultural areas. It is
approximately 65 miles north-northwest from San Francisco, close to the
Pacific coastline. A significant distinguishing factor of the
viticultural area, based on its 920-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 Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 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
_______________________________________________________________________
2515. PETITION NO. 2 TO EXPAND THE RUSSIAN RIVER VALLEY VITICULTURAL
AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The proposed Russian River Valley viticultural area expansion
increases the original boundaries by 30,200 acres to the east and south
sides. Public comments were requested by April 1, 2005.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/31/05                     70 FR 4797
NPRM Comment Period End         04/01/05
Final Action                    11/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
Related RIN: Related to 1513-AA68
RIN: 1513-AA67
_______________________________________________________________________
2516. PETITION TO ESTABLISH THE ``SHAWNEE HILLS'' VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205(e)
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB requests comments concerning the proposed establishment
of the ``Shawnee Hills'' viticultural area in southern Illinois. The
proposed Shawnee Hills viticultural area is approximately 80 miles long
from the Ohio River on the east to the Mississippi River on the west,
and approximately 20 miles wide from north to south. Approximately 160
acres are planted with wine varietals.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/08/05                    70 FR 17940
NPRM Comment Period End         06/07/05
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Rita Butler, Writer-Editor, Department of the Treasury,
Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street
NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: rita.butler@ttb.treas.gov
RIN: 1513-AA70
_______________________________________________________________________
2517. PROPOSED AMENDED BOUNDARIES FOR THE SANTA LUCIA HIGHLANDS AND THE
ARROYO SECO VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205(e)
CFR Citation: 27 CFR 9.139; 27 CFR 9.59
Legal Deadline: None
Abstract: TTB requests comments concerning the proposed changes to the
boundaries of the Santa Lucia Highlands and Arroyo Seco viticultural
areas located in Monterey County, California. The proposed boundary
change extends portions of the Santa Luca Highlands viticultural area
and curtails the Arroyo Seco viticultural area. Public comments are
requested by March 25, 2005.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/24/05                     70 FR 3333
NPRM Comment Period End         03/25/05
Other/Comment Period Extended   03/08/05                    70 FR 11178
Other/Comment Period End        05/25/05
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
[[Page 65078]]
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
_______________________________________________________________________
2518. PETITION TO ESTABLISH ``TEXOMA'' AS A VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: We have received a petition for the establishment of a
viticultural area in north central Texas to be called ``Texoma.''
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/30/04                    69 FR 69557
NPRM Comment Period End         01/31/05
Final Action                    01/00/06
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-AA77
_______________________________________________________________________
2519. PROPOSED ESTABLISHMENT OF COVELO VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: Ralph Carter of Sonoma, California is petitioning to
establish Covelo as an American viticultural area. Covelo area is 164
miles north of San Francisco and immediately south of the Round Valley
Indian Reservation in northern California. The proposed area has 38,000
acres with two acres of planted grape vines, but more area that the
petitioner believes has good viticultural potential. The distinctive
features include the bowl-shape of the Covelo valley area that
contrasts to the narrow valleys, with north-south orientations,
commonly found in Mendocino County. Also, it has a short grape-growing
season when compared to other Mendocino County viticultural areas.
Public comments were requested by April 4, 2005.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/02/05                     70 FR 5393
NPRM Comment Period End         04/04/05
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, 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
_______________________________________________________________________
2520. PETITION TO ESTABLISH ``CALISTOGA'' AS AN AMERICAN VITICULTURAL
AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: In response to a petition, the Alcohol and Tobacco Tax and
Trade Bureau 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 Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,
Morganza, MD 20660
Phone: 301 290-1460
Fax: 301 290-1463
Email: lisa.gesser@ttb.gov
RIN: 1513-AA92
_______________________________________________________________________
2521. RAMONA VALLEY VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The proposed 89,000-acre Ramona Valley viticultural area is
in San Diego County, CA, and totally within the established, larger
South Coast viticultural area. The distinguishing factors of the Ramona
Valley area, according to the petition, include its high-elevation
geography, climate that is based primarily on its inland location, and
soils, to a lesser extent. There are currently 45 acres of vineyards in
commercial production. A notice of proposed rulemaking is in review.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/31/05                    70 FR 16459
NPRM Comment Period End         05/31/05
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
[[Page 65079]]
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA94
_______________________________________________________________________
2522. DOS RIOS VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: Ralph Jens Carter of Sonoma, California, is proposing the new
Dos Rios AVA, located about five miles beyond the northern boundary of
the North Coast AVA. Dos Rios is about 150 miles north of San Francisco
and 25 miles east of the Pacific Ocean. The distinguishing factors of
the Dos Rios area include significant wind patterns, a transitional
climate, elevations between 800 feet and 2000 feet, sloping terrains
with 30 percent to 75 percent inclines, relatively infertile soils, and
close proximity to two rivers. The petitioner states the area has six
acres of planted commercial vineyards and the potential for more
viticultural growth. A notice of proposed rulemaking is in review.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/31/05                    70 FR 16455
NPRM Comment Period End         05/31/05
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, AVA Program Manager, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: nancy.sutton@ttb.gov
RIN: 1513-AA95
_______________________________________________________________________
2523. MATERIALS AUTHORIZED FOR THE TREATMENT OF WINE AND JUICE;
PROCESSES AUTHORIZED FOR THE TREATMENT OF WINE, JUICE, AND DISTILLING
MATERIAL
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 5381; 26 USC 5382; 26 USC 5385 to 5387
CFR Citation: 24 CFR 246; 24 CFR 248
Legal Deadline: None
Abstract: TTB is revising its lists of approved wine treating materials
and processes to add several new materials and processes and revise
existing limitations for a few others.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              11/19/04                    69 FR 67639
Interim Final Rule Comment
Period End                      01/18/05
Final Action                    01/00/06
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
_______________________________________________________________________
2524. NIAGARA ESCARPMENT VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB has received a petition proposing ``Niagara Escarpment''
as a new American viticultural area in New York.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/09/05                     70 FR 6792
NPRM Comment Period End         04/11/05
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jennifer Berry, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,
Roanoke, VA 24014
Phone: 540 344-9333
Fax: 540 344-5855
Email: jennifer.berry@ttb.gov
RIN: 1513-AA97
_______________________________________________________________________
2525. 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 three-year period
from July 1, 2005, through June 30, 2008, the rate of special
(occupational) tax on certain specified occupations shall be zero.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Steven C. Simon, TTB Specialist, Department of the
Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G
Street NW., Washington, DC 20220
Phone: 202 927-8210
Fax: 202 927-8525
Email: steven.simon@ttb.gov
RIN: 1513-AB04
[[Page 65080]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
ALCOHOL
____________________________________________________
2526. 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
_______________________________________________________________________
2527. 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
_______________________________________________________________________
2528. 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
_______________________________________________________________________
2529. 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
_______________________________________________________________________
2530. PROHIBITED MARKS ON PACKAGES OF TOBACCO PRODUCTS AND CIGARETTE
PAPERS AND TUBES IMPORTED OR BROUGHT INTO THE UNITED STATES
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 275
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                             To Be                       Determined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Linda Wade-Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov
RIN: 1513-AA14
_______________________________________________________________________
2531. PETITION TO ESTABLISH ``SANTA MARIA BENCH'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 9
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda Wade-Chapman
Phone: 202 927-8181
Fax: 202 927-8525
Email: wade-chapman.linda@ttb.gov
RIN: 1513-AA51
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
2532. PETITION TO ESTABLISH ``ALEXANDRIA LAKES'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 9
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    06/01/05                    70 FR 38002
Final Action Effective          08/01/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Lisa M. Gesser
Phone: 301 290-1460
Fax: 301 290-1463
[[Page 65081]]
Email: lisa.gesser@ttb.gov
RIN: 1513-AA45
_______________________________________________________________________
2533. ADMINISTRATIVE CHANGES TO THE PUBLICATION OF THE TTB BULLETIN
Priority: Info./Admin./Other
CFR Citation: 27 CFR 70.701(d)
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       07/27/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jessica M. Bungard
Phone: 202 927-8210
Fax: 202 927-8525
Email: jessica.bungard@ttb.gov
RIN: 1513-AB06
_______________________________________________________________________
2534. DETERMINATION OF SALE PRICE OF LARGE CIGARS
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 40.22
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/09/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Amy J. Rogers
Phone: 202 927-8210
Fax: 202 927-8525
Email: amy.rogers@ttb.gov
RIN: 1513-AB10
_______________________________________________________________________
2535. LIQUOR DEALERS; RECODIFICATION OF REGULATIONS
Priority: Info./Admin./Other
CFR Citation: 27 CFR 31; 27 CFR 194; . . .
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    04/15/05                    70 FR 19880
Final Action Effective          04/15/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Karl O. Joedicke
Phone: 202 927-7460
Fax: 202 927-8525
Email: karl.joedicke@ttb.gov
RIN: 1513-AA19
_______________________________________________________________________
2536. PETITION TO ESTABLISH ``RIBBON RIDGE'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 9
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    06/01/05                    70 FR 31342
Final Action Effective          07/01/05
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-AA58
_______________________________________________________________________
2537. PETITION TO ESTABLISH THE ``HIGH VALLEY'' VITICULTURAL AREA
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 9
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    07/01/05                    70 FR 37998
Final Action Effective          08/01/05
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-AA79
_______________________________________________________________________
2538. PROPOSED ESTABLISHMENT OF HORSE HEAVEN HILLS
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 9
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    07/01/05                    70 FR 38004
Final Action Effective          08/01/05
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-AA91
BILLING CODE 4810--33--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2539. 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 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                           10/00/05
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Laura Goldman, Counsel, Department of the Treasury,
[[Page 65082]]
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
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2540. REGULATORY BURDEN REDUCTION AND TECHNICAL AMENDMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1 et seq; 12 USC 93a
CFR Citation: 12 CFR 4; 12 CFR 5; 12 CFR 19; 12 CFR 37
Legal Deadline: None
Abstract: This rulemaking would update certain provisions and make
technical changes to OCC rules. It would also amend various OCC rules
to reduce regulatory burden.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Heidi M. Thomas, Special Counsel, Department of the
Treasury, Comptroller of the Currency, Legislative and Regulatory
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: heidi.thomas@occ.treas.gov
RIN: 1557-AC79
_______________________________________________________________________
2541. 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                            12/00/05
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Deborah Katz, Senior Counsel, Department of the
Treasury, Comptroller of the Currency, Legislative and Regulatory
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: deborah.katz@occ.treas.gov
RIN: 1557-AC87
_______________________________________________________________________
2542. IMPLEMENTATION OF A REVISED BASEL CAPITAL ACCORD (BASEL II)
 Regulatory Plan: This entry is Seq. No. 98 in part II of this issue of
the Federal Register.
RIN: 1557-AC91
_______________________________________________________________________
2543. ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1820(k); 12 USC 93a; 12 USC 161; 12 USC 481; 12
USC 482; 12 USC 482(a); 12 USC 1442; 12 USC 1817; 12 USC 1818; 12 USC
1972; 12 USC 1820; 12 USC 1821(c); 12 USC 1821(o); 12 USC 1821(t); 12
USC 1831m; 12 USC 1831p-1; 12 USC 1831o; 12 USC 1867; 12 USC 1951 et
seq; 12 USC 2601 et seq; 12 USC 2801 et seq; 12 USC 2901 et seq; 12 USC
3101 et seq; 12 USC 3401 et seq; 15 USC 77uu(b); 15 USC 78q(c)(3);
18USC 641; 18 USC 1905; 18 USC 1906; 29 USC 1204; 31 USC 9701; 42 USC
3601; 44 USC 3506; 44 USC 3510; 5 USC 504; 5 USC 554-557; 12 USC 93(b);
12 USC 164; 12 USC 505; 12 USC 3102; 12 USC 3108(a); 12 USC 3909; 12
USC 4717; 12 USC 78(h)-(i); 12 USC 78o-4(c); 12 USC 78o-5; 12 USC 78q-
1; 12 USC 78s; 12 USC 78u-2; 12 USC 78u-3; 12 USC 78w; 28 USC 2461
note; 31 USC 330; 31 USC 5321; 42 USC 4012a
CFR Citation: Not Yet Determined
Legal Deadline: None
[[Page 65083]]
Abstract: Section 6303(b) of the Intelligence Reform and Terrorism
Prevention Act of 2004 (Intelligence Reform Act) imposes a one-year
post-employment restriction on ``senior examiners'' of national banks.
Under section 6303(b), a senior examiner for OCC is barred, for a
period of one year after leaving OCC, from accepting compensation from
the national bank he or she supervised, from its bank holding company,
and from certain other related companies. If an examiner violates the
one-year restriction, he or she may be subject to an order of removal
and prohibition from the relevant bank and all depository institutions
for a period of up to five years. In addition, the examiner may be
subject to civil money penalties of up to $250,000. This proposed rule,
which would add a new subpart E to 12 CFR part 4, implements section
6303(b) of the Intelligence Reform Act for OCC employees who serve as
senior examiners of national banks. The proposed rule would also make
technical conforming changes to 12 CFR part 19.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/05/05                    70 FR 45323
NPRM Comment Period End         10/04/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Mitchell Plave, Counsel, Department of the Treasury,
Comptroller of the Currency, Legislative and Regulatory Activities
Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: mitchell.plave@occ.treas.gov
RIN: 1557-AC94
_______________________________________________________________________
2544. [bull] SECURITIES OFFERING DISCLOSURE RULES; NONPUBLIC OFFERINGS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 1 et seq.; 12 USC 93a
CFR Citation: 12 CFR 16
Legal Deadline: None
Abstract: OCC is proposing to amend its regulations governing
securities offering disclosure rules to remove the requirement that a
national bank issuer file a notice that meets the requirements of
Securities and Exchange Commission Rule 504 (i.e. Form D) in order to
be exempt from the registration and prospectus requirements of part 16.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
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-AC98
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2545. FAIR CREDIT REPORTING: USE OF MEDICAL INFORMATION
Priority: Other Significant
Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12
USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC
1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805
CFR Citation: 12 CFR 41
Legal Deadline: Final, Statutory, June 4, 2004, Statutory Deadline.
Abstract: OCC is implementing section 411 of the Fair and Accurate
Credit Transactions Act of 2003 (FACT Act). Section 411(a) requires OCC
to prescribe regulations that permit creditors to obtain or use medical
information for certain credit eligibility purposes. Additionally,
section 411(b) restricts the sharing of medical information and related
lists or descriptions with affiliates. Finally, section 411(b)
authorizes OCC to issue rules to allow additional sharing of
information determined by OCC to be necessary and appropriate.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/28/04                    69 FR 23380
Interim Final Rule              06/10/05                    70 FR 33958
Final Action                    11/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Patrick T. Tierney, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative and Regulatory
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: patrick.tierney@occ.treas.gov
RIN: 1557-AC85
_______________________________________________________________________
2546. FAIR CREDIT REPORTING: AFFILIATE MARKETING REGULATIONS
Priority: Other Significant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12
USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC
1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805
CFR Citation: 12 CFR 41
Legal Deadline: Other, Statutory, 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.
[[Page 65084]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/15/04                    69 FR 42502
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Patrick T. Tierney, Senior Attorney, Department of the
Treasury, Comptroller of the Currency, Legislative and Regulatory
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: patrick.tierney@occ.treas.gov
RIN: 1557-AC88
_______________________________________________________________________
2547. SECURITIES BORROWING TRANSACTIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 93a; 12 USC 161; 12 USC 1828 note; 12 USC
1828(n); 12 USC 1831n note; 12 USC 1835; 12 USC 3907; 12 USC 3909
CFR Citation: 12 CFR 3
Legal Deadline: None
Abstract: As part of OCC's ongoing efforts to develop and refine
capital standards to ensure the safety and soundness of the national
banking system and to implement statutory requirements, OCC is amending
various provisions of the capital rules for national banks. The change
involves changes to securities borrowing transactions. The interim
final rule adopted changes to the capital treatment of securities
borrowing transactions, specifically by amending the market risk rules
on the capital treatment for cash collateral. OCC is conducting this
rulemaking jointly with the other Federal Banking Agencies.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              12/05/00                    65 FR 75856
Final Action                    01/00/06
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
Related RIN: Split from 1557-AB14
RIN: 1557-AC90
_______________________________________________________________________
2548. [bull] 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 an interim final rule to replace the
current system 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, two 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              11/00/05
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
_______________________________________________________________________
2549. [bull] DISTRICT OF COLUMBIA-CHARTERED BANKS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 5 USC 301; 5 USC 504; 5 USC 554-557; 12 USC 1 et seq.;
12 USC 24 (seventh); 12 USC 24a; 12 USC 93a; 12 USC 93b; 12 USC 161; 12
USC 164; 12 USC 215a-2; 12 USC 215a-3; 12 USC 481-482; 12 USC 505; 12
USC 602; 12 USC 1817-1818; 12 USC 1820; 12 USC 1831m; 12 USC 1831o; 12
USC 1867; 12 USC 1881-1884; 12 USC 1972; 12 USC 3101 et seq.; 12 USC
3201-3208; 12 USC 3401-3422; 12 USC 3901 et seq.; 12 USC 4717; 15 USC
78c; 15 USC 78h-78i; 15 USC 78l; 15 USC 78m-78n; 15 USC 78o-4(c); 15
USC 78o-5; 15 USC 78p; 15 USC 78q-78w; 15 USC 78q-1; 15 USC 78s; 15 USC
78u-2-78u-3; 15 USC 1691 et seq.; 15 USC 6801 et seq.; 15 USC 7241-
7244; 15 USC 7261-7262; 15 USC 7264-7265; 28 USC 2461; 31 USC 330; 31
USC 5318; 31 USC 5321; 42 USC 3601 et seq.; 42 USC 4012a; 42 USC 4104a-
4104b; 12 USC 4106; 12 USC 4128
CFR Citation: 12 CFR 1-3; 12 CFR 5; 12 CFR 8; 12 CFR 10-11; 12 CFR 16;
12 CFR 19; 12 CFR 21-22; 12 CFR 26-28; 12 CFR 40
Legal Deadline: None
Abstract: In the 2004 District of Columbia Omnibus Authorization Act,
Congress amended Federal law to provide for regulation of District of
Columbia-chartered banks by the Federal Deposit Insurance Corporation
in lieu of the Office of the Comptroller. To accomplish this purpose,
Congress amended the Federal Deposit Insurance Act, National Housing
Act, Bank Holding Company Act, Bank Protection Act of 1968, Depository
Institution Management Interlocks Act, Securities Exchange Act of 1934,
the Federal Reserve Act, and the National Bank Receivership Act. This
interim final regulation would amend the OCC's implementing regulations
to reflect these amendments to these Federal statutes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
[[Page 65085]]
Government Levels Affected: None
Agency Contact: Martha Vestal Clarke, Counsel, Department of the
Treasury, Comptroller of the Currency, Legislative and Regulatory
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874-5090
Fax: 202 874-4889
Email: martha.clarke@occ.treas.gov
RIN: 1557-AC97
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2550. RECORDKEEPING REQUIREMENTS FOR BANK EXCEPTIONS FROM SECURITIES
BROKER OR DEALER REGISTRATION
Priority: Substantive, Nonsignificant
CFR Citation: Not Yet Determined
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                             To Be                       Determined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Martha Vestal Clarke
Phone: 202 874-5090
Fax: 202 874-4889
Email: martha.clarke@occ.treas.gov
RIN: 1557-AB93
_______________________________________________________________________
2551. 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
_______________________________________________________________________
2552. ACCURACY AND INTEGRITY OF INFORMATION FURNISHED TO A CONSUMER
REPORTING AGENCY
Priority: Substantive, Nonsignificant
CFR Citation: Not Yet Determined
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                            To Be                       Determined
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-AC89
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2553. COMMUNITY REINVESTMENT ACT REGULATION (12 CFR 25)
Priority: Other Significant
CFR Citation: 12 CFR 25
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    08/02/05                    70 FR 44256
Final Action Effective          09/01/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Patrick T. Tierney
Phone: 202 874-5090
Fax: 202 874-4889
Email: patrick.tierney@occ.treas.gov
RIN: 1557-AB98
_______________________________________________________________________
2554. ELECTRONIC FILING AND DISCLOSURE OF BENEFICIAL OWNERSHIP REPORTS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 11
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    08/10/05                    70 FR 46403
Final Action Effective          09/09/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Martha Vestal Clarke
Phone: 202 874-5090
Fax: 202 874-4889
Email: martha.clarke@occ.treas.gov
RIN: 1557-AC75
BILLING CODE 4830--01--S
[[Page 65086]]
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2555. PARTNERSHIPS AND DEEMED DISPOSITIONS OF UNREALIZED RECEIVABLES AND
INVENTORY ITEMS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 751; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These modifications to regulations under section 751 are
intended to simplify and clarify the application of section 751(b).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-149610-03
Drafting attorneys: Charlotte Chyr (202) 622-3070 and Stacy Short (202)
622-3070
Reviewing attorney: Jeanne Sullivan (202) 622-3070
Treasury attorney: 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-BC65
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2556. COMPUTATION OF A BRANCH'S TAXABLE INCOME; TAXATION OF EXCHANGE
GAIN OR LOSS ON BRANCH REMITTANCES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to branch rules and how to translate
branch income, and the taxation of exchange gain or loss on branch
remittances.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/25/91                    56 FR 48457
Second NPRM                     12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-208270-86 (INTL-965-86)
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Jeffrey Dorfman (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL
Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3870
RIN: 1545-AM12
_______________________________________________________________________
2557. 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                            12/00/05
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: 202 622-3870
RIN: 1545-AM97
_______________________________________________________________________
2558. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 953
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide substantive and procedural rules
regarding the election under section 953(d) to treat certain controlled
foreign corporations engaged in the insurance business as domestic
corporations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-208980-89 (INTL-765-89)
[[Page 65087]]
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
_______________________________________________________________________
2559. TAXATION OF GLOBAL TRADING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 864; 26 USC 482; 26 USC 863
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will improve the taxation of global
trading.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           08/28/90                    55 FR 35152
NPRM                            03/06/98                    63 FR 11177
NPRM Comment Period End         06/04/98
Hearing                         07/14/98
Second NPRM                     12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-208299-90 (INTL-70-90)
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Patricia Brown (202) 622-1781
CC:INTL
Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3870
RIN: 1545-AP01
_______________________________________________________________________
2560. INTEGRATED FINANCIAL TRANSACTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 864
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation addresses whether funding raised for a
securities dealing and/or trading operation, and whether matched book
sale and repurchase transactions conducted by securities dealers
qualify as integrated financial transactions under section 1.861-10(c).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-209604-93 (INTL-001-93)
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Patricia Brown (202) 622-1781
CC:INTL
Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3870
RIN: 1545-AR20
_______________________________________________________________________
2561. AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6159; 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulations reflect the amendment of I.R.C. section 6159,
section 202 of the Taxpayer Bill of Rights 2, which provides that upon
request by a taxpayer the Secretary shall provide an independent review
of the termination of an installment agreement. The regulations also
reflect the amendment to section 6159(c), which guarantees the
availability of installment agreements to taxpayers in certain
circumstances.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/31/97                    62 FR 68241
Second NPRM                     12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-100841-97
Drafting attorney: G. William Beard (202) 622-3620
Reviewing attorney: Lawrence Schattner (202) 622-3620
CC:PA:CBS
Agency Contact: G. William Beard, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3620
RIN: 1545-AU97
_______________________________________________________________________
2562. 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                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-105513-97
Reviewing attorney: George Baker (202) 622-4930
Treasury attorney: Eric San Juan (202) 622-0224
CC:ITA
[[Page 65088]]
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
_______________________________________________________________________
2563. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 4261; 26 USC 4271; 26 USC 7805
CFR Citation: 26 CFR 49
Legal Deadline: None
Abstract: The proposed regulations provide guidance concerning the
excise taxes imposed on the amounts paid for the transportation of
persons and property by air.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-106167-98
Drafting attorney: Taylor Cortright (202) 622-3130
Reviewing attorneys: Frank K. Boland (202) 622-3130 and Lew Fernandez
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: Taylor Cortright, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3130
RIN: 1545-AW19
_______________________________________________________________________
2564. 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                     10/00/05
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
_______________________________________________________________________
2565. RULES FOR SOURCING CERTAIN TRANSPORTATION INCOME, SPACE, OR OCEAN
ACTIVITY INCOME, AND RELATED FOREIGN BASE COMPANY SHIPPING INCOME
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation provides guidance for application of the
source rules for transportation income under section 863(c).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-115557-98
Drafting attorney: Patricia A. Bray and David L. Lundy (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL
Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3880
RIN: 1545-AX02
_______________________________________________________________________
2566. DEFINITION OF ACCOUNTING METHOD
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 446
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will clarify the definition of a change in the
method of accounting.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-105228-99
Drafting attorney: Grant D. Anderson (202) 622-4930
Reviewing attorney: Jeffrey G. Mitchell (202) 622-4930
Treasury attorney: Sharon Kay (202) 622-0865
 George Manousos (202) 622-1335
CC:ITA
Agency Contact: Grant D. Anderson, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4930
RIN: 1545-AX21
_______________________________________________________________________
2567. INSPECTION OF WRITTEN DETERMINATIONS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
[[Page 65089]]
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
_______________________________________________________________________
2568. AWARDING OF COSTS AND CERTAIN FEES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 7430
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed amendments to the Treasury Regulations
incorporate the 1997 and 1998 amendments to 26 U.S.C. 7430, relating to
the awarding of attorney's fees in administrative and court
proceedings. The amendments to 26 U.S.C. 7430 were enacted under the
Taxpayer Relief Act of 1997 and the IRS Restructuring and Reform Act of
1998.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-111833-99
Drafting attorney: Tami C. Belouin (202) 622-3847
Reviewing attorneys: Susan T. Mosley (202) 622-7950 and Henry S.
Schneiderman (202) 622-3400
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ
Agency Contact: Tami C. Belouin, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3847
RIN: 1545-AX46
_______________________________________________________________________
2569. MODIFICATION TO SECTION 367(A) STOCK TRANSFER REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 367
CFR Citation: 26 CFR 1; 26 CFR 602
Legal Deadline: None
Abstract: This regulation will modify section 367(a), stock transfer
regulations, to address abuses under check-the-box and through the use
of convertible stock.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-116053-99
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles Besecky (202) 622-3860
CC:INTL
Agency Contact: Robert W. Lorence, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3860
RIN: 1545-AX77
_______________________________________________________________________
2570. DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION
1297
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1297
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation defines a passive foreign investment company
(PFIC) under section 1297(a) and the terms ``passive income'' and
``passive asset'' under section 1297(b). The regulation will also set
forth the exceptions to the terms ``passive income'' and ``passive
asset,'' and provide guidance on the applicability of the look-through
rule under section 1297(c), in cases involving PFICs that own 25
percent or more of a lower-tier foreign subsidiary. In addition, the
regulation will provide guidance under section 1297(e), regarding the
overlap rule between a controlled foreign corporation and a PFIC.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-100427-00
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: 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
_______________________________________________________________________
2571. 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
[[Page 65090]]
section 954(d)(2) does not apply to a contract manufacturer.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-106356-00
Drafting attorney: Valerie A. Mark-Lippe (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
CC:INTL
Agency Contact: Valerie A. Mark-Lippe, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-AX91
_______________________________________________________________________
2572. 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                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-107722-00
Drafting attorney: Joseph Dewald (202) 622-4910
Reviewing attorney: Pamela W. Fuller (202) 622-4910
Treasury attorney: George Manousos (202) 622-1335
CC:PA:APJ
Agency Contact: Joseph P. Dewald, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4910
RIN: 1545-AY22
_______________________________________________________________________
2573. 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                            06/00/06
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
_______________________________________________________________________
2574. DOLLAR-VALUE LIFO
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 472; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance under the dollar-value
last-in, first-out (LIFO) inventory method for taxpayers that define
LIFO items based on components of cost.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-107580-00
Drafting attorney: Scott H. Rabinowitz (202) 622-4970
Reviewing attorney: Jeffery G. Mitchell (202) 622-4970
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA
Agency Contact: Scott H. Rabinowitz, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4970
RIN: 1545-AY39
_______________________________________________________________________
2575. SPECIAL RULES RELATING TO TRANSFERS OF INTANGIBLES TO FOREIGN
CORPORATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 367
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will address the income tax consequences
relating to the transfer of intangibles to foreign corporations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism:  Undetermined
Additional Information: REG-106877-00
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
[[Page 65091]]
Phone: 202 622-3860
RIN: 1545-AY41
_______________________________________________________________________
2576. PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 959
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will address the determination of previously
taxed earnings and profits under subpart F.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-121509-00
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
CC:INTL
Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-AY54
_______________________________________________________________________
2577. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 357
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations relate to the assumption of
liabilities in certain corporate transactions under section 357 of the
Internal Revenue Code, and affect corporations and their shareholders.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           05/06/03                    68 FR 23931
NPRM                            06/00/06
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
_______________________________________________________________________
2578. DISCLOSURE OF RETURNS AND RETURN INFORMATION IN JUDICIAL AND
ADMINISTRATIVE TAX PROCEEDINGS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 6103
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: This proposed rule relates to the disclosure of returns and
return information in judicial and administrative tax proceedings
pursuant to 26 U.S.C. 6103(h)(4).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-120297-01
Drafting attorney: Geoffrey M. Campbell (202) 622-4570
Reviewing attorney: Donald M. Squires (202) 622-4570
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:DPL
Agency Contact: Geoffrey M. Campbell, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4570
RIN: 1545-AY89
_______________________________________________________________________
2579. TRANSACTIONS INVOLVING OBLIGATIONS OF CONSOLIDATED GROUP MEMBERS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations are in regard to intercompany
obligations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-107592-00
Drafting attorney: Frances L. Kelly (202) 622-7072
Reviewing attorney: Michael J. Wilder (202) 622-3393
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7072
Related RIN: Related to 1545-AW30
RIN: 1545-BA11
_______________________________________________________________________
2580. DEDUCTIBILITY OF EMPLOYER CONTRIBUTIONS FOR DEFERRED COMPENSATION
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will update and clarify the general rules
for deductibility of employer contributions to qualified retirement
plans and other deferred compensation arrangements.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
[[Page 65092]]
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-139449-01
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Mark Schwimmer (202) 622-6090
Treasury attorney: Thomas Reeder (202) 622-1341
CC:TEGE
Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6090
RIN: 1545-BA13
_______________________________________________________________________
2581. SUSPENSION OF STATUTES OF LIMITATION IN JOHN DOE AND THIRD-PARTY
SUMMONS DISPUTES, AND EXPANSION OF TAXPAYERS' RIGHTS TO RECEIVE NOTICE
AND SEEK JUDICIAL REVIEW OF THIRD PARTY SUMMONSES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7603; 26 USC 7609
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The proposed regulation provides guidance regarding modified
rules for serving summonses on third-party recordkeepers, the broadened
range of summonses subject to the notice requirements, and the
suspension of limitations periods when court actions are brought or
when a summoned third party fails to fully respond to a summons. This
proposed regulation incorporates the changes enacted in the Internal
Revenue Service Restructuring and Reform Act of 1998, Omnibus Budget
Reconciliation Act of 1990, Technical and Miscellaneous Revenue Act of
1988, and the Tax Reform Act of 1986. This regulation is a continuation
of the regulation project previously numbered at REG-208225-88.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-153037-01
Drafting attorney: Elizabeth D. Rawlins (202) 622-3600
Reviewing attorney: Robert A. Miller (202) 622-3600
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:CBS
Agency Contact: Elizabeth D. Rawlins, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3600
RIN: 1545-BA31
_______________________________________________________________________
2582. 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
_______________________________________________________________________
2583. PROVISIONS REGARDING CROSS-BORDER TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 368(a)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This proposed regulation will make conforming changes to
account for cross-border section 368(a)(1)(A) mergers.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-125628-01
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles Besecky (202) 622-3860
CC:INTL
Agency Contact: Robert W. Lorence, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3860
RIN: 1545-BA65
_______________________________________________________________________
2584. CIRCULAR 230--PHASE 2 NONSHELTER REVISIONS
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 330
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations propose amendments to the rules governing
practice before the Internal Revenue Service.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           12/19/02                    67 FR 77724
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-122380-02
Drafting attorney: Heather L. Dostaler (202) 622-4940
[[Page 65093]]
Reviewing attorney: Richard S. Goldstein (202) 622-7820
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ
Agency Contact: Heather L. Dostaler, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4940
RIN: 1545-BA72
_______________________________________________________________________
2585. ALLOCATION OF NEW MARKETS TAX CREDIT
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 45D; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will address how the section 45D new markets
tax credit should be allocated to the partners of a partnership under
section 704(b) of the Internal Revenue Code and will address related
partnership issues.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-131999-02
Reviewing attorney: James A. Quinn (202) 622-3070
CC:PSI
Agency Contact: James A. Quinn, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3070
RIN: 1545-BA84
_______________________________________________________________________
2586. COMMUNICATIONS EXCISE TAX; TAXABLE COMMUNICATION SERVICES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 4251; 26 USC 7805
CFR Citation: 26 CFR 49
Legal Deadline: None
Abstract: This regulation provides a definition of taxable
communications services under section 4251.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           07/02/04                    69 FR 40345
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-137076-02
Drafting attorney: Cynthia A. McGreevy (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: Cynthia A. McGreevy, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3130
RIN: 1545-BB04
_______________________________________________________________________
2587. COST SHARING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 482
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations will provide additional guidance
on cost sharing arrangements under section 482.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/29/05                    70 FR 51116
Hearing                         11/16/05                    70 FR 51116
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism:  Undetermined
Additional Information: REG-144615-02
Drafting attorney: Jeffrey Parry (202) 622-3850
Reviewing attorney: John M. Breen (202) 435-5266
Treasury attorney: David Ernick (202) 622-1754
CC:INTL
Agency Contact: Jeffrey Parry, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3850
RIN: 1545-BB26
_______________________________________________________________________
2588. 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                            12/00/05
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
_______________________________________________________________________
2589. 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
[[Page 65094]]
Legal Deadline: None
Abstract: The American Jobs Creation Act of 2004 amended the foreign
tax credit limitation rules under section 904(d) and extended
lookthrough treatment to dividends paid by a 10/50 lookthrough
corporation, effective retroactively for tax years beginning after
December 31, 2002. These regulations would provide guidance needed to
comply with these changes, including transition rules for dividends
paid by a 10/50 lookthrough corporation.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-144784-02
Drafting attorney: Ginny Y. Chung (202) 622-3850
Reviewing attorney: Barbara Felker (202) 622-3850
CC:INTL
Agency Contact: Ginny Y. Chung, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3850
RIN: 1545-BB28
_______________________________________________________________________
2590. SUBSTITUTE DIVIDEND PAYMENTS IN SECURITIES LENDING AND SIMILAR
TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 7701; 26 USC 863
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to taxation of cross-border and
foreign-to-foreign substitute dividend payments in securities lending
and similar transactions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Additional Information: REG-130751-01
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: David Bowen (202) 622-3800
CC:INTL
Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3870
RIN: 1545-BB56
_______________________________________________________________________
2591. LOSS ON SUBSIDIARY STOCK
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 337(d); 26 USC 7805; 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide guidance to corporations that
are members of an affiliated group filing a consolidated income tax
return and that own stock of a subsidiary member of the group. The
regulations will provide rules relating to the loss allowed on a
disposition of subsidiary member stock.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-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
_______________________________________________________________________
2592. LIQUIDATION OF AN INTEREST
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 2704(b)
CFR Citation: 26 CFR 25
Legal Deadline: None
Abstract: This regulation relates to additional rules for determining
when restrictions on liquidation are disregarded in valuing an interest
under section 2704 of the Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            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
_______________________________________________________________________
2593. 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                            12/00/05
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG-159929-02
Drafting attorney: Arturo Estrada (202) 622-3900
[[Page 65095]]
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
_______________________________________________________________________
2594. DEPENDENT CARE CREDIT
Priority: Substantive, Nonsignificant
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                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-139059-02
Drafting attorney: Warren M. Joseph (202) 622-4920
Reviewing attorney: Robert Berkovsky (202) 622-4920
CC:ITA
Agency Contact: Warren M. Joseph, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4920
RIN: 1545-BB86
_______________________________________________________________________
2595. DETERMINATION OF SINGLE-SUM DISTRIBUTIONS FROM CASH BALANCE PLANS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will modify the rules for the determination
of minimum single-sum distributions from cash balance pension plans.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Organizations
Government Levels Affected: None
Additional Information: REG-168897-02
Drafting attorney: Linda S.F. Marshall (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE
Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6090
RIN: 1545-BB93
_______________________________________________________________________
2596. 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
Reviewing attorney: Rebecca L. Harrigal (202) 622-3980
CC:TEGE
Agency Contact: Johanna Som de Cerff, Senior Technican Reviewer,
Department of the Treasury, Internal Revenue Service, 1111 Constitution
Ave NW, Washington, DC 20224
Phone: 202 622-3980
RIN: 1545-BC07
_______________________________________________________________________
2597. UTILITY ALLOWANCE REGULATION UPDATE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 42
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will modify and update utility allowance
regulations under section 1.42-10, 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                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-128274-03
Drafting attorney: David Selig (202) 622-3040
Reviewing attorney: 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
_______________________________________________________________________
2598. GUIDANCE ON PFIC PURGING ELECTIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations will provide guidance regarding
[[Page 65096]]
retroactive relief for taxpayers who, in limited circumstances,
continue to be subject to the PFIC excess distribution regime of
section 1291 although the foreign corporation in which they own stock
is no longer treated as a PFIC under section 1298(b)(1) or section
1297(e).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-133446-03
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: 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
_______________________________________________________________________
2599. 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                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-135660-03
Drafting attorney: Camille B. Evans (202) 622-3800
Reviewing attorney: Paul S. Epstein (202) 622-3870
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL
Agency Contact: Camille B. Evans, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3800
RIN: 1545-BC48
_______________________________________________________________________
2600. STEWARDSHIP EXPENSES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The current regulations under section 1.861-8(e)(4), titled
``Stewardship Expenses Attributable to Dividends Received,'' are
confusing and subject to misuse by taxpayers. In conjunction with the
proposed services regulations under section 482, it is proposed to
revise these regulations to clarify the parameters of stewardship
expenses, thereby demarcating them from shareholder activities under
section 482 and supportive expenses under section 1.861-8T(b)(3).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-138603-03
Drafting attorney: Teresa B. Hughes (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
Treasury attorney: David Ernick (202) 622-1754
CC:INTL
Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3850
RIN: 1545-BC52
_______________________________________________________________________
2601. SUSPENSION OF RUNNING OF PERIOD OF LIMITATION DURING A PROCEEDING
TO ENFORCE OR QUASH A DESIGNATED OR RELATED SUMMONS
Priority: Substantive, Nonsignificant
Legal Authority: 25 USC 6503
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: These regulations relate to the use of designated and related
summonses and the effect on the period of limitations on assessment
when a case is brought with respect to a designated or related summons.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/31/03                    68 FR 44905
Second NPRM                     12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-208199-91
Drafting attorney: Elizabeth D. Rawlins (202) 622-3600
Reviewing attorney: Robert A. Miller (202) 622-3600
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
[[Page 65097]]
_______________________________________________________________________
2602. GUIDANCE UNDER SECTION 2053 REGARDING POST-DEATH EVENTS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 20
Legal Deadline: None
Abstract: These regulations relate to the amount deductible under
section 2053(a)(3) of the Internal Revenue Code. The regulations will
affect estates of decedents where claims exist against the decedent's
estate.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG-143316-03
Drafting attorney: DeAnn K. Malone (202) 622-3112
Reviewing attorney: Melissa Liquerman (202) 622-7830
Treasury attorney: Cathy Hughes (202) 622-9407
CC:PSI
Agency Contact: DeAnn K. Malone, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3112
RIN: 1545-BC56
_______________________________________________________________________
2603. BELOW-MARKET LOANS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 7872(h)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations related to the Federal income tax
consequences of certain below-market loans.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-209226-84
Drafting attorney: David B. Silber (202) 622-3930
Reviewing attorney: William Blanchard (202) 622-3950
Treasury attorney: Viva Hammer (202) 622-0869
CC:FI
Agency Contact: David B. Silber, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3930
RIN: 1545-BC78
_______________________________________________________________________
2604. REGULATIONS GOVERNING THE PERFORMANCE OF ACTUARIAL SERVICES UNDER
THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 29 USC 1241
CFR Citation: 20 CFR 901
Legal Deadline: None
Abstract: Regulations governing the performance of actuarial service
under the Employee Retirement Income Security Act of 1974 (ERISA). The
regulations will cover the qualifications required for enrollment,
continuing education requirements for enrolled actuaries, professional
standards for the performance of actuarial services under ERISA, the
grounds for disciplinary action against an enrolled actuary, and the
procedures to be followed in taking disciplinary actions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-159704-03
Drafting attorney: 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
_______________________________________________________________________
2605. DEFINITION OF LOSS FOR PURPOSES OF THE STRADDLE RULES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805; 26 USC 1092
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will govern the definition of the term
``loss'' for purposes of sections 1092 and 263(g).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-159869-03
Drafting attorney: Mary Brewer (202) 622-3950
Reviewing attorney: Christina Morrison (202) 622-3950
CC:FI
Agency Contact: Mary Brewer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3950
RIN: 1545-BC83
_______________________________________________________________________
2606. SICKNESS OR ACCIDENT DISABILITY PAYMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: The proposed regulation provides guidance regarding the
[[Page 65098]]
treatment of payments made on account of sickness or accident
disability under a workers' compensation law for purposes of the
Federal Insurance Contributions Act (FICA).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Local, State
Additional Information: REG-160315-03
Drafting attorney: David R. Ford (202) 622-6040
Reviewing attorney: Marie Cashman (202) 622-6040
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE
Agency Contact: David R. Ford, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6040
RIN: 1545-BC89
_______________________________________________________________________
2607. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF
ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6103
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation concerns the disclosure of corporate tax
information to the Bureau of Economic Analysis, Department of Commerce.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-148864-03
Drafting attorney: Melinda K. Fisher (202) 622-4580
CC:PA:DPL
Agency Contact: Melinda K Fisher, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC
20024
Phone: 202 622-4580
RIN: 1545-BC93
_______________________________________________________________________
2608. GUIDANCE REGARDING THE ACTIVE TRADE OR BUSINESS REQUIREMENT UNDER
SECTION 355(B)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed rulemaking will provide guidance regarding the
active trade or business requirement under section 355(b).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-123365-03
Drafting attorney: Russell P. Subin (202) 622-7790
Reviewing attorney: Richard Coss (202) 622-7790
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Russell P. Subin, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7790
RIN: 1545-BC94
_______________________________________________________________________
2609. SUPPORT TEST IN THE CASE OF A CHILD OF DIVORCED PARENTS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 152
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations will update section 1.152-4.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-149856-03
Drafting attorney: Victoria J. Driscoll (202) 622-4920
Reviewing attorney: 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
_______________________________________________________________________
2610. 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
[[Page 65099]]
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
_______________________________________________________________________
2611. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5)
(TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 412(b)(5)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This temporary regulation will provide rules regarding the
current liability interest rate under section 412(b)(5).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-105966-04
Drafting attorney: Linda S.F. Marshall (202) 622-8012
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE
Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6090
Related RIN: Related to 1545-BD13
RIN: 1545-BD14
_______________________________________________________________________
2612. DEFINITION OF QUALIFIED FOREIGN CORPORATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805(a); 26 USC 1
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: Notice 2003-79, section 5, published on November 28, 2003,
states that the IRS intends to issue regulations, for years after 2003,
that provide procedures for a foreign corporation to certify that it is
a qualified foreign corporation for purposes of IRC section
1(h)(11)(C). The regulations will also provide procedures for
certifying that a security that is not a common or ordinary share is
equity rather than debt; that a foreign company is entitled to benefits
under a comprehensive income tax treaty where a security is not readily
tradable on a recognized U.S. stock exchange; and that the foreign
corporation is not a PFIC in the taxable year in which a dividend is
paid, or in the preceding taxable year. The regulations are also
expected to address the meaning of the requirement in the legislative
history that to qualify under a treaty for purposes of 1(h)(11)
``substantially all of . . .[the foreign corporation's] income in the
taxable year in which the dividend is paid'' must qualify for treaty
benefits.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-107420-04
Drafting attorney: Michelle L. Drumbl (202) 622-3880
Reviewing attorney: Karen Rennie (202) 622-3880
Treasury attorney: John Harrington (202) 622-0589
CC:INTL
Agency Contact: Michelle L. Drumbl, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3880
RIN: 1545-BD15
_______________________________________________________________________
2613. REMIC INTEREST-ONLY REGULAR INTERESTS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These rules relate to the proper timing of income or
deduction attributable to an interest-only regular interest in a Real
Estate Mortgage Investment Conduit (REMIC).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           08/25/04                    69 FR 52212
NPRM                            06/00/06
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
_______________________________________________________________________
2614. ESCROW ACCOUNTS, TRUSTS, AND OTHER FUNDS USED DURING DEFERRED
EXCHANGES OF LIKE-KIND PROPERTY
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 468B(g)
CFR Citation: 26 CFR 1; 26 CFR 602
Legal Deadline: None
Abstract: These 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.
[[Page 65100]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-113365-04
Drafting attorney: A. Katharine J. Kiss (202) 622-4930
Reviewing attorney: Jeffrey G. Mitchell (202) 622-4930
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
_______________________________________________________________________
2615. SECTION 42 QUALIFIED CONTRACT PROVISIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 42
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This proposed regulation under sections 42(h)(6)(F) and
42(h)(6)(K) will provide guidance for provisions relating to qualified
contracts.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-114084-03
Drafting attorney: Lauren R. Taylor (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury reviewer: Sharon Kay (202) 622-0865
CC:PSI
Agency Contact: Lauren R. Taylor, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3040
RIN: 1545-BD20
_______________________________________________________________________
2616. PAYMENTS FOR WHICH NO RETURN OF INFORMATION IS REQUIRED UNDER
SECTION 6041
Priority: Info./Admin./Other. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 6041
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This proposed regulation will remove section 1.6041-3(g) of
the Income Tax Regulations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-147136-03
Drafting attorney: Michelle B. Baxter (202) 622-4910
Reviewing attorney: James C. Gibbons (202) 622-7085
Treasury attorney: John Parcell (202) 622-2578
CC:PA:APJ
Agency Contact: Michelle B. Baxter, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4910
RIN: 1545-BD21
_______________________________________________________________________
2617. 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                            06/00/06
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
_______________________________________________________________________
2618. TRANSFERS OF RESTRICTED STOCK
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 83
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations address the application of section
83 to the transfer of substantially nonvested stock to a related
person.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-127147-04
Drafting attorney: Stephen B. Tackney (202) 622-6030
Treasury attorney: Dan Hogans (202) 622-1332
CC: TEGE
Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service,
[[Page 65101]]
1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-6030
Related RIN: Related to 1545-BD45
RIN: 1545-BD44
_______________________________________________________________________
2619. APPLICATION OF SECTIONS 304(B)(6) AND 367 IN CROSS BORDER SECTION
304 TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 304(b)(6); 26 USC 367(a)(6); 26
USC 367(b)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This proposed regulation will coordinate sections 304 and 367
in cross-border stock redemptions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-127740-04
Drafting attorney: Tracy D. Perry (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: David Sotos (202) 622-0851
CC:INTL
Agency Contact: Tracy D. Perry, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3860
RIN: 1545-BD46
_______________________________________________________________________
2620. AGGREGATE COMPUTATION; ALLOCATION OF RESEARCH CREDIT II
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 41
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to the computation and allocation of
the 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Additional Information: REG-134030-04
Drafting attorney: Nicole R. Cimino (202) 622-3120
Reviewing attorney: Brenda M. Stewart (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI
Agency Contact: Nicole R. Cimino, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3120
Related RIN: Related to 1545-BA88, Related to 1545-BE17
RIN: 1545-BD60
_______________________________________________________________________
2621. DECLARATORY JUDGMENT--GIFT TAX VALUE
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7477
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposed regulations relating to the redetermination of value
of certain gifts in a declaratory judgment action.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            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
_______________________________________________________________________
2622. USE OF ELECTRONIC TECHNOLOGIES FOR PROVIDING NOTICES AND
TRANSMITTING ELECTIONS AND CONSENTS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 401; PL106-229, sec 104
CFR Citation: 26 CFR 1; 26 CFR 35; 26 CFR 54
Legal Deadline: None
Abstract: The proposed regulations provide guidance on the permitted
use of electronic media to provide certain notices to recipients or to
transmit participant and beneficiary elections or consents with respect
to employee benefit plans. In general, the proposed regulations would
affect plan sponsors of and participants and beneficiaries in employee
benefit plans.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-138362-04
Drafting attorney: Pamela R. Kinard (202) 622-6060
Reviewing attorney: Marjorie Hoffman (202) 622-6060
Treasury attorney: Bill Bortz (202) 622-1352
CC: TEGE
Agency Contact: Pamela R. Kinard, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6060
RIN: 1545-BD68
[[Page 65102]]
_______________________________________________________________________
2623. DISABLED ACCESS CREDIT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 44; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Guidance under section 44 regarding the disabled access
credit for eligible small business.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-144246-04
Drafting attorney: Eric B. Lee (202) 622-3120
Reviewing attorney: Leslie H. Finlow (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI
Agency Contact: Eric B. Lee, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3120
RIN: 1545-BD69
_______________________________________________________________________
2624. SECTION 704(B)(2) AND SUBSTANTIALITY
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 704(b)(2)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Clarify the substantiality rules under section 1.704-
1(b)(2)(iii) as to the impact of the tax consequences to owners or
partners on the determination of substantiality.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
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, General Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave NW,
Washington, DC 20224
Phone: 202 622-3050
RIN: 1545-BD70
_______________________________________________________________________
2625. 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
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide rules regarding the
determination of a partner's distributive share when the partner's
interest changes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-144689-04
Drafting attorney: Laura C. Fields (202) 622-3050
Reviewing attorney: David Haglund (202) 622-3050
Treasury attorney: 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
_______________________________________________________________________
2626. 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
_______________________________________________________________________
2627. GUIDANCE UNDER SECTION 6501(C)(1) REGULATIONS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 6501
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulations will provide guidance with respect to the
statute of limitations on assessment being held open indefinitely if
someone that is affiliated with a taxpayer's return (e.g., preparer,
appraiser, accountant, etc.) commits fraud with respect to that return.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
[[Page 65103]]
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Additional Information: REG-144905-04
Drafting attorney: Matthew Cooper (202) 622-4940
Reviewing attorney: Charles Hall (202) 622-4940
CC:PA:APJ
Agency Contact: Matthew Cooper, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC
20224
Phone: 202 622-4940
RIN: 1545-BD73
_______________________________________________________________________
2628. GUIDANCE UNDER SECTION 707(C) REGARDING GUARANTEED PAYMENTS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 707
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: This regulation will modify the regulations under section
707(c) to address certain situations involving guaranteed payments to
partners.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/00/06
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
_______________________________________________________________________
2629. POSSIBLE UPDATE AND REVISION OF TREASURY REGULATION SECTIONS
1.381(C)(4) AND (5)-1
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 381(c)(4); 26 USC 381(c)(5)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed amendments will focus on how to determine the
principal accounting method; how taxpayers will procedually change when
they're not permitted to use or prefer not to use the principal
accounting method; how taxpayers will reflect the difference in
computing taxable income when they change their accounting methods;
reconciling Treasury Regulation section 1.381(c)(4) language, terms,
and conditions with Treasury Regulation section 1.381(c)(5);
reordering, simplifying, and indexing Treasury Regulation sections
1.381 (c)(4) and (5).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-151884-03 and REG-151887-03
Drafting attorney: C. 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, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4970
RIN: 1545-BD81
_______________________________________________________________________
2630. AMENDMENTS TO 26 CFR SECTION 1.263(A)-5 REGARDING TREATMENT OF
CAPITALIZED COSTS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 263(a)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The Service and Treasury Department intends 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                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-143640-04
Drafting attorney: Angella L. Warren (202) 622-4950
Reviewing attorney: Glenn Bogdonoff (202) 622-4950
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:ITA
Agency Contact: Angella L. Warren, Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4950
RIN: 1545-BD82
_______________________________________________________________________
2631. GUIDANCE REGARDING SELECTED ISSUES UNDER SECTION 336(E)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 336; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposed regulations will address the circumstances in which
a corporation that owns stock in another corporation meeting the
requirements of section 1504(a)(2) and that sells, exchange, or
distribution as a disposition of the assets of such other corporation.
[[Page 65104]]
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: Emidio J. Forlini (202) 622-7930
CC: COR
Agency Contact: Emidio J. Forlini Jr., Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7930
RIN: 1545-BD84
_______________________________________________________________________
2632. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF
ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6103
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: Authorize disclosure of additional corporate tax information
to Bureau of Economic Analysis, Department of Commerce.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            06/00/06
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 Ave 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
_______________________________________________________________________
2633. REDUCTION OF FUEL EXCISE TAX EVASION
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 48
Legal Deadline: None
Abstract: Changes to tax on aviation grade kerosene, alcohol fuel
provisions, and other excise taxes related to taxable fuels.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG-153838-04
Drafting attorney: Susan Athy (202) 622-3130
Reviewing attorney: Frank Boland (202) 622-3130 and Lewis Fernandez
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
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-BE03
_______________________________________________________________________
2634. 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 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                            11/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-105248-04
Drafting attorney: Susan T. Baker (202)622-3930
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
_______________________________________________________________________
2635. INTRA-GROUP GROSS RECEIPTS UNDER SECTION 41
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 41; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations will address the treatment of intra-
group transactions in the determination of a controlled group's gross
receipts for purposes of the section 41 research credit.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-159420-04
Drafting attorney: Eric B. Lee (202) 622-3120
Reviewing attorney: Brenda M. Stewart (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
[[Page 65105]]
CC: PSI
Agency Contact: Eric B. Lee, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3120
RIN: 1545-BE14
_______________________________________________________________________
2636. 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                            12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-168745-03
Drafting attorney: Kimberly L. Koch (202) 622-5020
Reviewing attorney: Robert M. Casey (202) 622-4950
Treasury attorney: Sharon Kay (202) 622-0865
CC:ITA
Agency Contact: Kimberly L. Koch, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave NW,
Washington, DC 20224
Phone: 202 622-5020
Fax: 202 622-7241
RIN: 1545-BE18
_______________________________________________________________________
2637. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS
CREATION ACT OF 2004 (AJCA)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1301
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The project will amend the farm income averaging regulations
under section 1.1301-1 to include the concept of fishing business.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-161695-04
Drafting attorney: Amy J. Pfalzgraf (202) 622-4950
Treasury attorney: John Parcell (202) 622-2578
CC:ITA
Agency Contact: Amy J. Pfalzgraf, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4950
Related RIN: Related to 1545-BE39
RIN: 1545-BE23
_______________________________________________________________________
2638. EMPLOYER COMPARABLE CONTRIBUTIONS TO HEALTH SAVINGS ACCOUNTS UNDER
SECTION 4980G
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 4980G; 26 USC 7805
CFR Citation: 26 CFR 54
Legal Deadline: None
Abstract: The proposed regulations will set forth the rules for
determining the applicability of the comparability rules for Health
Savings Accounts under section 4980G. The proposed regulations will
also set forth the rules for determining whether employer contributions
to Health Savings Accounts satisfy the comparability rules under
section 4980G.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Additional Information: REG-138647-04
Drafting attorney: Barbara E. Pie (202) 622-6080
Reviewing attorney: Harry Beker (202) 622-6080
CC: TEGE
Agency Contact: Barbara E. Pie, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-6080
RIN: 1545-BE30
_______________________________________________________________________
2639. 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                            03/00/06
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
_______________________________________________________________________
2640. INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 199; 26 USC 7805
CFR Citation: 26 CFR 1
[[Page 65106]]
Legal Deadline: None
Abstract: The proposed 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 or the taxpayers
taxable income, subject to certain limits. The deduction percentage
increases to 6 percent for 2007 through 2009 and to 9 percent
thereafter.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-105847-05
Drafting attorney: Paul F. Handleman (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury 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
_______________________________________________________________________
2641. GUIDANCE UNDER SUBPART F RELATING TO PARTNERSHIPS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations provide guidance for determining
that a CFC's distributive share of partnership income will qualify for
the exception contained in section 954(i).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-106418-05
Drafting Attorney: Kate Y. Hwa (202) 622-3840
Reviewing Attorney: Phyllis E. Marcus (202) 622-3840
Treasury Attorney: John Harrington (202) 622-0589
CC:INTL
Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-BE34
_______________________________________________________________________
2642. RELEASE OF LIEN OR DISCHARGE OF PROPERTY
Priority: Info./Admin./Other
Legal Authority: 26 USC 6325; 26 USC 6503; 26 USC 7426
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Proposed regulations that reflect the enactment of sections
6325(b)(4), 7426(a)(4) and (b)(5), and 6503(f)(2) of the IRS
Restructuring and Reform Act of 1998.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
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
_______________________________________________________________________
2643. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS
CREATION ACT OF 2004 (AJCA) (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1301
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The project will amend the farm income averaging regulations
under section 1.1301-1 to include the concept of fishing business.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            10/00/05
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-161695-04
Drafting attorney: Amy J. Pfalzgraf (202) 622-4950
Treasury attorney: John Parcell (202) 622-2578
CC: ITA
Agency Contact: Amy J. Pfalzgraf, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4950
Related RIN: Related to 1545-BE23
RIN: 1545-BE39
_______________________________________________________________________
2644. DEFINITION OF DEPENDENT AND OTHER RELATED PROVISIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 152
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: This project will update regulations under sections 2, 151,
152, and other sections of the Internal Revenue Code that refer to the
definition of ``dependent'' in section 152, as amended by the Working
Families Tax Relief Act of 2004.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/06
Regulatory Flexibility Analysis Required: No
[[Page 65107]]
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
_______________________________________________________________________
2645. DISREGARDED ENTITIES AND COLLECTIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: Amending the regulations governing disregarded entities so
that certain State law entities that currently are disregarded for all
Federal tax purposes will be treated as entities separate from their
owners in collecting and administering Federal employment and certain
excise taxes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/18/05                    70 FR 60475
NPRM Comment Period End         01/17/06
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
_______________________________________________________________________
2646. BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE
PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 9501; 26 USC 7804; PL 105-206, sec 1201; PL 105-
206, sec 1204
CFR Citation: 26 CFR 801
Legal Deadline: None
Abstract: 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                            10/00/05
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 Ave NW, Washington, DC
20224
Phone: 202 622-7919
Related RIN: Related to 1545-BE46
RIN: 1545-BE45
_______________________________________________________________________
2647. BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE
PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 9501; 26 USC 7804; PL 105-206, sec 1201; PL 105-
206, sec 1204
CFR Citation: 26 CFR 801
Legal Deadline: None
Abstract: The IRS will issue temporary regulations amending 26 CFR part
801 to remove restrictions on use of quantity measures in measuring and
evaluating organizational and employee performance, and to add examples
of proper use of quantity measures and records of tax enforcement
results.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            10/00/05
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 Ave NW, Washington, DC
20224
Phone: 202 622-7919
Related RIN: Related to 1545-BE45
RIN: 1545-BE46
_______________________________________________________________________
2648. INFORMATION RETURNS REQUIRED WITH RESPECT TO CERTAIN FOREIGN
CORPORATIONS AND OTHER CONFORMING CHANGES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance regarding accounting
methods and penalties under section 6038.
[[Page 65108]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-109512-05
Drafting attorney: Kate Y. Hwa (202) 622-3840
Reviewing attorney: Phyllis Marcus (202) 622-3840
Treasury attorney: John Harrington (202) 622-0589
CC:INTL
Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-BE47
_______________________________________________________________________
2649. [bull] LOW-INCOME HOUSING CREDIT ALLOCATION AND CERTIFICATION;
REVISIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 42
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Section 1.42-1(h) requires a taxpayer to file Form 8609 with
the taxpayer's federal income tax return for 15 years. The regulations
will improve the administration of the low-income housing credit
program by allowing all Forms 8609 to be processed at one location and
reduce taxpayer burden by allowing the taxpayer to file the form one
time.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG-115398-05
Drafting attorney: Paul F. Handleman (202) 622-3040
Reviewing attorney: Susan Reaman (202) 622-3040
Treasury attorney: Sharon Kay (202) 622-0865
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-BE50
_______________________________________________________________________
2650. [bull] 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 additional first
year depreciation allowance.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-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
_______________________________________________________________________
2651. [bull] 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            12/00/05
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
_______________________________________________________________________
2652. [bull] LIMITATION ON TRANSFER OF BUILT-IN LOSSES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 362(e); 26 USC 1502; 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).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/00/06
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: Audrey Nacamuli (202) 622-5721
[[Page 65109]]
CC:COR
Agency Contact: Jay M. Singer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7530
Related RIN: Related to 1545-BE59
RIN: 1545-BE58
_______________________________________________________________________
2653. [bull] LIMITATION ON TRANSFER OF BUILT-IN LOSSES (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 362; 26 USC 1502; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance for applying 26 U.S.C.
326 (e) to consolidated groups.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            03/00/06
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: Audrey Nacamuli (202) 622-5721
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
_______________________________________________________________________
2654. [bull] RESEARCH EXPENDITURES RESULTING IN INVENTORY PROPERTY
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 174
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                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-124148-05
Drafting attorney: Eric B. Lee (202) 622-3120
Reviewing attorney: Leslie Finlow (202) 622-3120
Treasury attorney: Sharon Kay (202) 622-0865
CC:PSI
Agency Contact: Eric B. Lee, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3120
RIN: 1545-BE64
_______________________________________________________________________
2655. CONVERTING AN IRA ANNUITY TO A ROTH IRA
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: Proposed regulations concerning the tax consequences of
converting a traditional IRA annuity to a Roth IRA. These regulations
affect individuals establishing ROTH IRAs, beneficiaries enter Roth
IRAs, out trustees, custodians, on issuers of Roth IRAs. The text of
temporary regulations also serves as the text of these cross-referenced
proposed regulations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG-122857-05
Drafting attorney: Cathy A. Vohs (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: Harlan Weller (202) 622-1001
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
Related RIN: Related to 1545-BE66
RIN: 1545-BE65
_______________________________________________________________________
2656. CONVERTING AN IRA ANNUITY TO A ROTH IRA (TEMPORARY)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Regulations concerning the tax consequences of converting a
traditional IRA annuity to a Roth IRA. The regulations affect
individuals establishing Roth IRAs, beneficiaries enter Roth IRAs, and
trustees, custodians, on issuers of Roth IRAs. These regulations are
temporary regulations. A cross-reference proposed regulation is also
being issued.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            01/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG-122857-05
Drafting attorney: Cathy A. Vohs (202) 622-6090
Reviewing attorney: Marjorie Hoffman (202) 622-6030
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE
Agency Contact: Cathy A. Vohs, Attorney-Advisor, Department of the
[[Page 65110]]
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6090
Related RIN: Related to 1545-BE65
RIN: 1545-BE66
_______________________________________________________________________
2657. [bull] ASSUMPTION OF LIABILITIES
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: Special rules for assumption of liabilities.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-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
_______________________________________________________________________
2658. [bull] SECTION 401(A)(4) GUIDANCE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 401; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Provide additional guidance on satisfying the section
401(a)(4) nondiscrimination requirement with respect to benefits or
contributions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
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, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave NW,
Washington, DC 20224
Phone: 202 622-6090
RIN: 1545-BE69
_______________________________________________________________________
2659. [bull] QUALIFIED SEVERANCE OF A TRUST FOR GENERATION-SKIPPING
TRANSFER (GST) TAX PURPOSES II
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 2642; 26 USC 2654
CFR Citation: 26 CFR 26
Legal Deadline: None
Abstract: This proposed regulation provides guidance for severing a
trust that does not meet the requirements of a qualified severance. If
a trust is severed in a manner that is effective under state law, but
does not meet the requirements of a qualified severance, the severed
trusts will be treated as separate trusts for GST purposes. Each
severed trust will have the same inclusion ratio as the original trust
immediately before the division. GST exemption can be separately
allocated to each severed trust.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG-128843-05
Drafting attorney: Mayer Samuels (202) 622-3090
Reviewing attorney: George Masnik (202) 622-3090
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-BE70
_______________________________________________________________________
2660. [bull] SPECIAL RULE REGARDING CERTAIN SECTION 951 PRO RATA SHARE
ALLOCATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulation will provide rules to determine a
United States shareholder's pro rata share of subpart F income of a
controlled foreign corporation where the corporation's earnings and
profits substantially exceed its book profits determined under GAAP.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-129782-05
Drafting Attorney: Jefferson Vanderwolk (202) 622-3800
Reviewing Attorney: Phyllis E. Marcus (202) 622-3840
Treasury Atturney: Andrew Froberg (202) 622-1779
CC:INTL
Agency Contact: Jefferson Vanderwolk, Atttorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3800
RIN: 1545-BE71
_______________________________________________________________________
2661. [bull] 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
[[Page 65111]]
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                            12/00/05
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, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4910
RIN: 1545-BE73
_______________________________________________________________________
2662. [bull] 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                            10/00/05
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
_______________________________________________________________________
2663. [bull] START-UP AND ORGANIZATIONAL EXPENDITURES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 195; 26 USC 248; 26 USC 709
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations implement the changes to sections
195, 248, and 709 of the Internal Revenue Code, made by section 902 of
the American Jobs Creation Act of 2004 (Pub. L. No. 108-357). Under the
Act, a corporate taxpayer may elect to deduct up to $5000 of start-up
expenditures and $5000 of organizational expenditures in the taxable
year in which the trade or business begins. The remainder of the start-
up or organizational expenditures are allowed as deductions ratably
over the 180-month period beginning with the month the corporation
begins business. Similar rules are provided for organizational and
syndication fees for partnerships.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
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
Related RIN: Related to 1545-BE78
RIN: 1545-BE77
_______________________________________________________________________
2664. [bull] REMIC RESIDUALS-FOREIGN HOLDERS (TEMPORARY)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The temporary regulations accelerate, under section 860G(b),
the recognition of income associated with a Real Estate Mortgage
Investment Conduct (REMIC) residual interest that is allocated to a
foreign persons including a foreign partner in a domestic partnership.
The temporary regulation also clarifies a domestic partnership's
responsibility for withholding tax under sections 1441 and 1442 with
respect to a foreign partner's share of REMIC residual interest net
income.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-159929-02
Drafting attorney: Arturo Estrada (202) 622-3900
CC:FI
Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3900
RIN: 1545-BE81
_______________________________________________________________________
2665. [bull] LIFE/NON-LIFE TACKING RULE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502
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
[[Page 65112]]
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
Related RIN: Related to 1545-BE86
RIN: 1545-BE85
_______________________________________________________________________
2666. [bull] 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 45 D 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                            06/00/06
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: Stephen Watson (202) 622-1322
CC:PSI
Agency Contact: Lauren R. Taylor, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3040
RIN: 1545-BE89
_______________________________________________________________________
2667. [bull] RAILROAD TRACK MAINTENANCE CREDIT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations provide guidance on claiming the railroad
track maintenance credit under section 45 G of the Internal Revenue
Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/05
Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses
Government Levels Affected: Undetermined
Additional Information: REG-142270-05
Drafting attorney: Sara L. Logan (202) 622-3110
Agency Contact: Sara L. Logan, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BE91
RIN: 1545-BE90
_______________________________________________________________________
2668. [bull] 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            12/00/05
Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses
Government Levels Affected: Undetermined
Additional Information: REG-142270-05
Drafting attorney: Sara L. Logan (202) 622-3110
CC:PSI
Agency Contact: Sara L. Logan, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BE90
RIN: 1545-BE91
_______________________________________________________________________
2669. [bull] GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY
FORMER SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805; 26 USC 7874
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide 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% 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                            10/00/05
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
[[Page 65113]]
_______________________________________________________________________
2670. [bull] S CORPORATION GUIDANCE UNDER AMERICAN JOBS CREATION ACT OF
2004
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1361; 26 USC 1362
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation revises S corporation regulations under 1361
and other affected code sections to reflect provisions of AJCA,
including family shareholder election 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
Agency Contact: Bradford R. Poston, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3060
RIN: 1545-BE95
_______________________________________________________________________
2671. [bull] 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                            03/00/06
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected:  Businesses
Government Levels Affected: Undetermined
Additional Information: REG-143453-05
Drafting attorney: Charles J. 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,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BE97
RIN: 1545-BE96
_______________________________________________________________________
2672. [bull] 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 regulation intends 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 attorney: 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
RIN: 1545-BE98
_______________________________________________________________________
2673. [bull] 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
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
RIN: 1545-BE99
_______________________________________________________________________
2674. [bull] 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
[[Page 65114]]
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
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2675. 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
_______________________________________________________________________
2676. FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 367
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The income tax regulations under section 367 will be amended
to reflect the changes made to that section by the Tax Reform Act of
1984. Section 367 now provides generally that a foreign corporation
will not be considered to be a corporation, for purposes of certain
nonrecognition provisions of the Code, upon the transfer of property to
such corporation by a U.S. person. The statute provides certain
exceptions to that rule, exemptions to those exceptions, and special
rules applicable to certain specified transfers. The regulations will
provide guidance concerning the applicability of the general rule and
its exceptions and special rules, including guidance concerning
transfers of assets for use in the active conduct of a trade or
business, stock transfers, transfers of intangible assets, and
transfers of branch operations that have operated at a loss.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/16/86                    51 FR 17990
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-209042-86 (INTL-610-86)
Drafting attorney: Thomas D. Beem (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL
Agency Contact: Thomas D. Beem, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3860
RIN: 1545-AK74
_______________________________________________________________________
2677. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS
UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 897
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide rules concerning the effect of
certain distributions including dividends, redemptions, distributions
pursuant to reorganizations, and liquidations on corporations and their
shareholders under the Foreign Investment in Real Property Tax Act.
Regulations will also provide rules for determining the extent to which
nonrecognition would apply to certain transfers of real property
interests and the extent to which certain reorganizations will be
treated as sales of property at fair market value.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/05/88                    53 FR 16233
Hearing                         03/01/89                     54 FR 1189
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-209039-87 (INTL-491-87)
Drafting attorney: Robert W. Lorence (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
CC:INTL
[[Page 65115]]
Agency Contact: Robert W. Lorence, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3860
RIN: 1545-AK79
_______________________________________________________________________
2678. EARNINGS STRIPPING PAYMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation addresses the deductibility of interest under
section 163 being limited when paid by a corporation to related persons
not subject to U.S. tax.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/18/91                    56 FR 27907
Hearing                         09/25/91
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-209059-89 (INTL-870-89)
Drafting attorney: Theodore Setzer (202) 622-3870
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870
CC:INTL
Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3870
RIN: 1545-AO24
_______________________________________________________________________
2679. ESCROW FUNDS AND OTHER SIMILAR FUNDS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 0468B
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides further guidance relating to certain
escrow funds and other similar funds.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/01/99                     64 FR 4801
NPRM Comment Period End         05/03/99
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-209619-93 (IA-17-93)
Drafting attorney: Richard Shevak (202) 622-8142
Reviewing attorney: Jeffery G. Mitchell (202) 622-4930
Treasury attorney: Viva Hammer (202) 622-0869
CC:ITA
Agency Contact: Richard Shevak, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-8142
Related RIN: Related to 1545-BD19
RIN: 1545-AR82
_______________________________________________________________________
2680. STRADDLES---MISCELLANEOUS ISSUES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1092
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation clarifies the circumstances in which common
stock may be personal property for purposes of section 1092.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/02/95                    60 FR 21482
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-209768-95 (FI-21-95)
Drafting attorney: Mary Brewer (202) 622-3950
Reviewing attorney: Christina Morrison (202) 622-3950
Treasury attorney: Mike Novey (202) 622-1339
CC:FI
Agency Contact: Mary Brewer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3950
RIN: 1545-AT46
_______________________________________________________________________
2681. RECOMPUTATION OF LIFE INSURANCE RESERVES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 816
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will permit recomputation of life insurance
reserves that were not originally computed according to the
requirements of section 816(b)(1)(A).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/02/97                       62 FR 71
Final Action                    01/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-246018-96
Drafting attorney: Linda Boyd (202) 622-3970
Reviewing attorney: Don Drees (202) 622-3970
CC:FI
Agency Contact: Linda Boyd, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave NW, Washington , DC
20224
Phone: 202 622-3970
RIN: 1545-AU49
_______________________________________________________________________
2682. DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide guidance on the application of
[[Page 65116]]
the private loan test and the private business use and private
payments/security tests to refunding bonds.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/30/94                    59 FR 67658
NPRM Comment Period End         05/01/95
Second NPRM                     05/14/03                    68 FR 25845
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-113007-99
Drafting attorney: Laura Lederman (202) 622-3980
Treasury attorney: Stephen Watson (202) 622-1322
CC:TEGE
Agency Contact: Laura Lederman, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3980
RIN: 1545-AU98
_______________________________________________________________________
2683. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-104924-98
Drafting attorney: Stephen J. Coleman (202) 622-6289
Reviewing attorney: Elizabeth Handler (202) 622-3920
CC:FI
Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6289
RIN: 1545-AW06
_______________________________________________________________________
2684. STOCKS AND SECURITIES SAFE HARBOR EXCEPTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation clarifies and updates the safe harbor that
one is not engaged in a trade or business as a result of trading in
stocks and securities. The amendment will provide additional guidance
regarding the definitions of stocks and securities.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/12/98                    63 FR 32164
Hearing                         09/09/98
NPRM Comment Period End         09/10/98
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-106031-98
Drafting attorney: Theodore D. Setzer (202) 622-3870
Reviewing attorney: Paul S. Epstein (202) 622-3870
CC:INTL
Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3870
RIN: 1545-AW13
_______________________________________________________________________
2685. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-105964-98
Drafting attorney: Frances L. Kelly (202) 622-7072
Reviewing attorney: Michael J. Wilder (202) 622-3393
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7072
Related RIN: Related to 1545-BA11
RIN: 1545-AW30
_______________________________________________________________________
2686. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-126024-01
Drafting attorney: Nancy L. Rose (202) 622-4910
[[Page 65117]]
Reviewing attorney: James C. Gibbons (202) 622-4910
Treasury attorney: Eric San Juan (202) 622-0224
CC:PA:APJ
Agency Contact: Nancy L. Rose, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4910
RIN: 1545-AW72
_______________________________________________________________________
2687. HIGHWAY VEHICLE--DEFINITION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 4051
CFR Citation: 26 CFR 48
Legal Deadline: None
Abstract: This regulation provides amendments to regulations relating
to definition of a highway vehicle.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/06/02                    67 FR 38913
Public Hearing                  02/27/03
Final Action                    11/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-103829-99
Drafting attorney: Celia Gabrysh (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: Celia A. Gabrysh, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3130
RIN: 1545-AX10
_______________________________________________________________________
2688. GUIDANCE ON COST RECOVERY IN THE ENTERTAINMENT INDUSTRY
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to the application of the income
forecast method under section 167(g) of the Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/31/02                    67 FR 38025
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-103823-99
Drafting attorney: Bernard P. Harvey, III (202) 622-3110
Reviewing attorney: Charles B. Ramsey (202) 622-3110
Treasury attorney: George Manousos (202) 622-0865
CC:PSI
Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
RIN: 1545-AX12
_______________________________________________________________________
2689. STOCK TRANSFER RULES--CARRYOVER OF EARNINGS AND TAXES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 367
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance with respect to how
earnings and profits and foreign income tax accounts carry over under
section 381 and are allocated under section 312 in certain transactions
described in section 367(b) of the Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/15/00                    65 FR 69138
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-116050-99
Drafting attorney: Jeffrey Parry (202) 622-3850
Reviewing attorney: Anne Devereaux (202) 622-3850
Treasury attorney: Andrew Froberg (202) 622-0851
CC:INTL
Agency Contact: Jeffrey Parry, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3850
RIN: 1545-AX65
_______________________________________________________________________
2690. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE AND CERTAIN OTHER
EXPENSES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 864
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations provide rules for the allocation and
apportionment of interest expenses and certain other expenses for
purposes of the foreign tax credit and certain other international tax
provisions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/05/90                     55 FR 3750
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-117608-99
Drafting attorney: David F. Bergkuist (202) 622-3850
Reviewing attorney: Anne O. Devereaux (202) 622-3850
CC:INTL
Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3850
RIN: 1545-AX72
[[Page 65118]]
_______________________________________________________________________
2691. CAPITALIZATION OF INTEREST AND CARRYING CHARGES PROPERLY ALLOCABLE
TO STRADDLES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 263; 26 USC 1092
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will clarify the types of payments that may
be ``interest'' or ``carrying charges'' subject to 26 U.S.C. 263(g),
clarify the operation of the capitalization rules of 26 U.S.C. 263(g),
and also clarify what constitutes ``positions'' and ``losses'' subject
to 26 U.S.C. 1092.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/18/01                     66 FR 4746
NPRM Comment Period End         05/01/01
Final Action                    06/00/06
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
_______________________________________________________________________
2692. AUTHORIZED PLACEMENT AGENCY
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 152
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation amends the definition of ``authorized
placement agency'' (for purposes of determining whether a child placed
for legal adoption in a taxpayer's home is a dependent of the taxpayer)
to include biological parents and other persons authorized by State law
to place children for legal adoption.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/30/00                    65 FR 71277
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-107279-00
Drafting attorney: Victoria J. Driscoll (202) 622-4920
Reviewing attorney: Robert A. Berkovsky (202) 622-4920
Treasury attorney: Eric San Juan (202) 622-0224
CC: ITA
Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4920
Fax: 202 622-6853
RIN: 1545-AY18
_______________________________________________________________________
2693. 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                    04/00/06
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
_______________________________________________________________________
2694. 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
[[Page 65119]]
_______________________________________________________________________
2695. 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
_______________________________________________________________________
2696. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 482
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These final regulations will address certain transactions
between controlled parties that involve intangibles. The regulations
will provide rules for allocation of income and deductions with respect
to intangibles pursuant to IRC section 482.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/10/03                    68 FR 53447
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-115037-00
Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Helen Hong-
George (202) 435-5220
Reviewing attorney: John M. Breen (202) 435-5265
Treasury attorney: David Ernick (202) 622-1754
CC:INTL
Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 435-5265
RIN: 1545-AY38
_______________________________________________________________________
2697. ELECTION--ASSET ACQUISITIONS OF INSURANCE COMPANIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 197; 26 USC 338; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations prescribe the manner in which the various
provisions of subchapter L, chapter 1, subtitle A of the Internal
Revenue Code apply to asset acquisitions deemed to occur by reason of a
section 338 election as well as to actual acquisitions of insurance
company assets subject to section 1060.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/08/02                    67 FR 10640
Public Hearing                  09/18/02
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-118861-00
Drafting attorney: Mark Weiss (202) 622-7790
Reviewing attorney: Victor Penico (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-0869
CC:COR
Agency Contact: Mark Weiss, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7790
RIN: 1545-AY49
_______________________________________________________________________
2698. TAX TREATMENT OF CAFETERIA PLANS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 125
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides information about the tax treatment
of cafeteria plans.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/10/01                     66 FR 1923
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Additional Information: REG-209461-79
Drafting attorney: Shoshanna Tanner (202) 622-6080
Reviewing attorney: Janet A. Laufer (202) 622-6090
CC:TEGE
Agency Contact: Shoshanna Tanner, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6080
RIN: 1545-AY67
_______________________________________________________________________
2699. 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.
[[Page 65120]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/04/03                    68 FR 10190
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-104385-01
Drafting attorney: David Selig (202) 622-3040
Reviewing attorney: Peter Friedman (202) 622-3110
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: David Selig, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3040
RIN: 1545-AY75
_______________________________________________________________________
2700. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-125443-01
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie Mark-Lippe (202) 622-3840
Treasury attorney: Andy Froberg (202) 622-1779
CC:INTL
Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-AY92
_______________________________________________________________________
2701. MERGERS INVOLVING DISREGARDED ENTITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 368; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide guidance concerning the
requirements to be met in order for a merger or consolidation to
qualify as a reorganization under section 368(a)(1)(A). They will also
address whether certain mergers involving disregarded entities can
qualify as reorganizations under section 368(a)(1)(A).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/15/01                    66 FR 57400
Second NPRM                     01/24/03                     68 FR 3477
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-126485-01
Drafting attorneys: Richard M. Heinecke (202) 622-7930
Reviewing attorney: Alfred C. Bishop (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:CORP
RIN 1545-BA06 and its corresponding number REG-126485-01 was first
opened with respect to a proposed regulation that was first published
in the Federal Register on November 15, 2001. The November 15, 2001,
proposed regulations were withdrawn by proposed regulations in the
Federal Register on January 24, 2003. The January 24, 2003, proposed
regulations with the same REG-126485-01, not only withdrew the November
15, 2001, proposed regulations but also served as a cross-referencing
proposed regulation to a temporary regulation published in the Federal
Register on January 24, 2003, and a notice of proposed rulemaking.
The temporary regulations also use the REG-126485-01 number. The
document published with respect to the temporary regulations also
serves as final regulations. The final regulations use RIN 1545-BB46
and REG-162729-02. Once the temporary regulations were published, the
final regulations (REG-162729-02; RIN 1545-BB46) were closed.
Agency Contact: Richard M. Heinecke, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7930
Related RIN: Related to 1545-BB46
RIN: 1545-BA06
_______________________________________________________________________
2702. 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                    06/00/06
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
[[Page 65121]]
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
_______________________________________________________________________
2703. 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
Reviewing attorney: Timothy L. Jones (202) 622-3980
CC:TEGE
Agency Contact: Timothy L. Jones, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3980
RIN: 1545-BA46
_______________________________________________________________________
2704. NONCOMPENSATORY PARTNERSHIP OPTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 704; 26 USC 721; 26 USC 761
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will describe the tax treatment of
noncompensatory partnership options.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/22/03                     68 FR 2930
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-103580-02
Drafting attorneys: Demetri G. Yatrakis (202) 622-3060
Reviewing attorneys: Audrey W. Ellis (202) 622-3060
Treasury attorney: Matthew Lay (202) 622-7188
CC:PSI
Agency Contact: Demetri G. Yatrakis, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3060
Audrey W. Ellis, Attorney-Advisor, Department of the Treasury, Internal
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3060
RIN: 1545-BA53
_______________________________________________________________________
2705. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-150313-01
Drafting attorney: Theresa M. Kolish (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Theresa M. Kolish, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7530
RIN: 1545-BA80
_______________________________________________________________________
2706. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation relates to reporting requirements for widely
held fixed investment trusts.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/20/02                    67 FR 41892
NPRM Comment Period End         09/18/02
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-106871-00
Drafting attorney: Faith Colson (202) 622-3060
Reviewing attorney: J. Thomas Hines (202) 622-3060
Treasury attorney: Viva Hammer (202) 622-0869
CC:PSI
Agency Contact: Faith Colson, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
[[Page 65122]]
Phone: 202 622-3060
Related RIN: Related to 1545-AU15
RIN: 1545-BA83
_______________________________________________________________________
2707. GUIDANCE ON REPORTING OF DEPOSIT INTEREST PAID TO NONRESIDENT
ALIENS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 31
Legal Deadline: None
Abstract: This regulation will provide guidance on the reporting
requirements for interest on deposits maintained at U.S. offices of
certain financial institutions and paid to nonresident aliens that are
residents of certain specified countries.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/02/02                    67 FR 50386
Hearing                         12/05/02                    67 FR 50386
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-133254-02
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie Mark Lippe (202) 622-3840
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL
Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-BA86
_______________________________________________________________________
2708. 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)
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                    10/00/05
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, General Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave NW,
Washington, DC 20224
Phone: 202 622-3050
Related RIN: Related to 1545-BD11
RIN: 1545-BB11
_______________________________________________________________________
2709. INVESTIGATIVE DISCLOSURES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6103(k)(6)
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: This regulation will amend existing regulations on disclosure
of return information by Internal Revenue Officers and employees for
investigative purposes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/10/03                    68 FR 41089
Final Action                    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
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
_______________________________________________________________________
2710. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-141097-02
Drafting attorney: Cynthia A. McGreevy (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: Cynthia A. McGreevy, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3130
RIN: 1545-BB18
_______________________________________________________________________
2711. 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
[[Page 65123]]
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Local, State
Federalism:  Undetermined
Additional Information: REG-142599-02
Reviewing attorney: Rebecca L. Harrigal (202) 622-3980
Treasury attorney: Stephen J. Watson (202) 622-1322
CC:TEGE
Agency Contact: Rebecca L. Harrigal, Chief, Branch 5, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3980
Fax: 202 622-4437
RIN: 1545-BB23
_______________________________________________________________________
2712. TREATMENT OF SERVICES UNDER SECTION 482
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 482
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These final regulations amend the rules for allocation of
income and deductions with respect to services between members of a
group of controlled entities, pursuant to section 482.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/10/03                    68 FR 53447
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-146893-02
Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Helen Hong-
George (202) 435-5220
Reviewing attorney: John M. Breen (202) 435-5265
Treasury attorney: David Ernick (202) 622-1754
CC:INTL
Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 435-5265
RIN: 1545-BB31
_______________________________________________________________________
2713. LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD OF ACCOUNTING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 403
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Under section 448(d)(5), as amended by the Job Creation and
Worker Assistance Act of 2002, the nonaccrual experience method of
accounting is available only for amounts to be received for the
performance of qualified services (i.e., services in the fields of
health, law, engineering, architecture, accounting, actuarial science,
performing arts, or consulting) or for services provided by certain
small businesses (i.e., those with gross receipts of $5 million or
less). The law provides that such taxpayers are not required to accrue,
based on their experience, any portion of year-end receivables that
will not be collected. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-141402-02
Drafting attorney: Terrance McWhorter (202) 622-4970
Reviewing attorney: Jeffery Mitchell (202) 622-4970
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
_______________________________________________________________________
2714. 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                    12/00/05
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
_______________________________________________________________________
2715. 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
[[Page 65124]]
1964. Section 403(b) concerns the income tax exclusion for
contributions to purchase certain retirement annuities or custodial
accounts made for their employees by certain tax-exempt employers or
State-sponsored educational institutions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/16/04                    69 FR 67075
Hearing                         11/16/04                    69 FR 67084
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Governmental Jurisdictions
Government Levels Affected: Local, State, Tribal
Additional Information: REG-155608-02
Drafting attorney: John A. Tolleris (202) 622-6060
Reviewing attorney: Cheryl Press (202) 622-6060
Treasury attorney: William Bortz (202) 622-1352
CC:TEGE
Agency Contact: John A. Tolleris, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-6060
RIN: 1545-BB64
_______________________________________________________________________
2716. COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 4291; 26 USC 6302; 26 USC 7805
CFR Citation: 26 CFR 40; 26 CFR 49
Legal Deadline: None
Abstract: These regulations relate to the obligations of persons who
receive payments for air transportation or communications service
subject to excise tax when persons liable for taxes refuse to pay the
tax.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/10/04                    69 FR 48432
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-163909-02
Drafting attorney: Taylor Cortright (202) 622-3130
Reviewing attorneys: Frank K. Boland (202) 622-3130 and Lewis J.
Fernandez (202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: Taylor Cortright, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3130
Related RIN: Related to 1545-BB76
RIN: 1545-BB75
_______________________________________________________________________
2717. 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
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3920
RIN: 1545-BB82
_______________________________________________________________________
2718. PREDECESSORS OR SUCCESSORS UNDER SECTION 355(E)
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 355; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations under section 355(e) set forth whether a
transferor to or a transferee of distributing or controlled assets is a
predecessor or successor.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    01/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-145535-02
Drafting attorney: Stephen P. Fattman (202) 622-7700
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Stephen P. Fattman, Special Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave NW,
Washington, DC 20224
Phone: 202 622-7700
RIN: 1545-BB85
_______________________________________________________________________
2719. 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 they were sold for their 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
[[Page 65125]]
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 24th, 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
Comment Period End              08/22/05
Public Hearing                  09/15/05
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-100420-03
Drafting attorney: Marsha A. Sabin (202) 622-3950 or John W. Rogers
(202) 622-3950
Reviewing attorney: Robert Williams (202) 622-3960
Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202)
622-0869
CC:FI
Agency Contact: Marsha A. Sabin, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3950
RIN: 1545-BB90
_______________________________________________________________________
2720. PARTNERSHIP EQUITY FOR SERVICES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 721; 26 USC 83
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: Demetri G. Yatrakis (202) 622-3060
Reviewing attorney: Audrey W. Ellis (202) 622-3060
Treasury attorney: Matthew Lay (202) 622-1788
CC:PSI
Agency Contact: Demetri G. Yatrakis, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3060
Audrey W. Ellis, Attorney-Advisor, Department of the Treasury, Internal
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3060
RIN: 1545-BB92
_______________________________________________________________________
2721. ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations provide guidance on the accrual of original
issue discount on certain REMIC regular interests.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/25/04                   69 FR 522217
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
_______________________________________________________________________
2722. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES
RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF
LIEN
Priority: Routine and Frequent
Legal Authority: 26 USC 6320; 26 USC 6330
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: IRS is revising the regulations that apply to Collection Due
Process (CDP) and equivalent hearings under section 6320 involving
Federal tax liens.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            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,
[[Page 65126]]
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC
20224
Phone: 202 622-3600
Related RIN: Related to 1545-BB97
RIN: 1545-BB96
_______________________________________________________________________
2723. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES
RELATING TO HEARINGS BEFORE LEVY
Priority: Routine and Frequent
Legal Authority: 26 USC 6330
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: IRS is revising the regulations that apply to Collection Due
Process (CDP) and equivalent hearings under section 6330 involving
Federal tax levies.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            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
_______________________________________________________________________
2724. DETERMINATION OF BASIS OF SECURITIES RECEIVED IN EXCHANGE OR WITH
RESPECT TO A STOCK OR SECURITIES IN CERTAIN TRANSACTIONS
Priority: Routine and Frequent
Legal Authority: 26 USC 358; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation provides guidance regarding the determination
of the basis of stock and securities received in transactions under
section 355, transactions under section 368, and certain transactions
under section 351.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/03/04                    69 FR 24107
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-116564-03
Drafting attorney: Theresa M. Kolish (202) 622-7530 or Emidio J.
Forlini, Jr. (202) 622-7930
Reviewing attorney: Alfred Bishop (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Theresa M. Kolish, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7530
Emidio J. Forlini Jr., Attorney, Department of the Treasury, Internal
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-7930
RIN: 1545-BC05
_______________________________________________________________________
2725. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-120616-03
Drafting attorney: Celia A. Gabrysh (202) 622-3130
Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez
(202) 622-3000
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: Celia A. Gabrysh, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3130
RIN: 1545-BC08
_______________________________________________________________________
2726. 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                    01/00/06
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
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
_______________________________________________________________________
2727. CHANGES IN COMPUTING DEPRECIATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
[[Page 65127]]
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance under section 446(e)
regarding changes in computing depreciation or amortization.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/02/04                       69 FR 42
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-126459-03
Drafting attorney: Sara L. Logan (202) 622-3110
Reviewing attorney: Kathleen Reed (202) 622-3110
Treasury attorney: George Manousos (202) 622-1335
CC:PSI
Agency Contact: Sara L. Logan, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BC17
RIN: 1545-BC18
_______________________________________________________________________
2728. VALUE OF LIFE INSURANCE WHEN DISTRIBUTED FROM A QUALIFIED
RETIREMENT PLAN
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations under section 402(a) of the
Internal Revenue Code concern the amount includible in a distributee's
income when certain life insurance and annuity contracts are
distributed by a qualified retirement plan.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/09/04                     69 FR 7385
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-126967-03
Drafting attorney: Bruce Perlin (202) 622-6090
Reviewing attorney: Linda Marshall (202) 622-6090
Treasury attorney: Harlan Weller (202) 622-1001
CC:TEGE
Agency Contact: Bruce Perlin, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC
20224
Phone: 202 622-6090
RIN: 1545-BC20
_______________________________________________________________________
2729. SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE DISALLOWED
UNDER SECTION 265(A)(2)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502; 26 USC 7701
CFR Citation: 26 CFR 1
Legal Deadline: None
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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-128590-03
Drafting attorney: Frances L. Kelly (202) 622-7072
Reviewing attorney: Michael Wilder (202) 622-3393
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7072
RIN: 1545-BC23
_______________________________________________________________________
2730. 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
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
________________________________________________________________________
ANPRM                           05/07/04                    69 FR 25534
NPRM Comment Period End         08/05/04
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-128572-03
Drafting attorney: Avital Grunhaus (202) 622-3940
Reviewing attorney: David Silber (202) 622-3930
Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202)
622-0869
Agency Contact: Avital Grunhaus, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
[[Page 65128]]
Phone: 202 622-3940
RIN: 1545-BC24
_______________________________________________________________________
2731. SECTION 411(D)(6) PROTECTED BENEFITS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 4980
CFR Citation: 26 CFR 1; 26 CFR 54
Legal Deadline: None
Abstract: These regulations will provide guidance relating to section
411(d)(6) of the Code regarding the elimination or reduction of certain
early retirement benefits, retirement-type subsidies, and optional
forms of benefit (section 411(d)(6)(B) protected benefits), and will
address both: 1) When these benefits result in significant burdens and
complexities for plans and its participants; and 2) when such benefits
are of de minimis value to participants.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/24/04                    69 FR 13769
Hearing                         06/24/04                    69 FR 13770
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-128309-03
Drafting attorney: Pamela R. Kinard (202) 622-6060
Reviewing attorney: Linda S. Marshall (202) 622-6090
CC:TEGE
Agency Contact: Pamela R. Kinard, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6060
RIN: 1545-BC26
_______________________________________________________________________
2732. PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805; 26 USC 409(p)(7)(A)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide guidance for employee stock
ownership plans holding stock of a subchapter S corporation concerning
the prohibition against allocations to disqualified persons under
section 409(p).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/21/03                    68 FR 43058
Comment Period End              10/20/03
Second NPRM                     12/17/04                    69 FR 75492
NPRM Comment Period End         03/17/05
Hearing                         04/20/05
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-129709-03
Drafting attorney: John T. Ricotta (202) 622-6060
Reviewing attorney: Marjorie Hoffman (202) 622-6060
CC:TEGE
Agency Contact: John T. Ricotta, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6060
Related RIN: Related to 1545-BC33
RIN: 1545-BC34
_______________________________________________________________________
2733. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN
(ASFR)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6020
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulation serves as IRS' expression of intent that
certain documents generated in the substitute for return (SFR) and
Automated Substitute for Return (ASFR) processes constitute section
6020(b) returns for purposes of assessing the section 6651(a)(2)
addition to tax.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/18/05                    70 FR 41165
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Additional Information: REG-131739-03
Drafting attorney: Tracey B. Leibowitz (202) 622-4940
Reviewing attorney: Ashton Trice (202) 622-4940
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ
Agency Contact: Tracey B. Leibowitz, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4940
Related RIN: Related to 1545-BC46
RIN: 1545-BC45
_______________________________________________________________________
2734. GUIDANCE ON PFIC PURGING ELECTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These final regulations will provide guidance to taxpayers on
making timely deemed sale and deemed dividend elections under sections
1298(b)(1) and 1291.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/24/04                    69 FR 51967
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-120657-04
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: 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-BC49
[[Page 65129]]
_______________________________________________________________________
2735. QUALIFIED SEVERANCE REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 2642(a)(3)(C)
CFR Citation: 26 CFR 26
Legal Deadline: None
Abstract: This regulation relates to generation-skipping transfer tax
consequences of a qualified severance of a trust.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/24/04                    69 FR 51967
Final Action                    03/00/06
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
_______________________________________________________________________
2736. QUALIFIED ZONE ACADEMY BONDS; OBLIGATIONS OF STATES AND POLITICAL
SUBDIVISIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide for permissible use of proceeds,
coordinate and make consistent provisions regarding determination of
credit rate and maturity date, and implement the ability of S
corporation shareholders to take the credit allowance under sect
1397E(a). It will provide for remedial action in case of change in use
of bond proceeds.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/26/04                    69 FR 15747
Public Hearing                  07/21/04
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Governmental Jurisdictions
Government Levels Affected: Local, State
Additional Information: REG-121475-03
Drafting attorney: Zoran Stojanovic (202) 622-3721
Reviewing attorney: Timothy L. Jones (202) 622-3701
Treasury attorney: Stephen Watson (202) 622-1322
CC:TEGE
Agency Contact: Zoran Stojanovic, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3721
RIN: 1545-BC61
_______________________________________________________________________
2737. GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 707; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance regarding disguised
sales of partnership interests.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/26/04                    69 FR 68838
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-149519-03
Drafting attorney: Deane M. Burke (202) 622-3070
Reviewing attorney: Christine Ellison (202) 622-3070
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
_______________________________________________________________________
2738. 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                    12/00/05
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Additional Information: REG-150562-03
Drafting attorneys: Charlotte Chyr (202) 622-3070 and Jian Grant (202)
622-3050
Reviewing attorneys: James Quinn (202) 622-3070 and Mary Beth Collins
(202) 622-3070
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: Charlotte Chyr, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3070
Jian Grant, Attorney-Advisor, Department of the Treasury, Internal
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622-3050
RIN: 1545-BC67
[[Page 65130]]
_______________________________________________________________________
2739. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-148701-03
Drafting attorney: Debra Kohn (202) 622-3620
Reviewing attorney: 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
_______________________________________________________________________
2740. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS
OF A CONSOLIDATED GROUP
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations amend REG-132760-03 published in the
Federal Register on September 4, 2003 (68 FR 52542), and TD 9089 also
published in the Federal Register on September 4, 2003 (68 FR 52487).
Those regulations provided guidance concerning the application of
section 108 to members of a consolidated group.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/11/03                    68 FR 69062
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-153319-03
Drafting attorney: Amber R. Cook (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Amber R. Cook, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, Room 5411, 1111 Constitution Avenue
NW, Washington, DC 20224
Phone: 202 622-7530
Related RIN: Related to 1545-BC38, Related to 1545-BC39
RIN: 1545-BC74
_______________________________________________________________________
2741. DETERMINATION OF RESIDENCY IN U.S. POSSESSIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 937
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The section 937 proposed regulations provide rules for
determining whether an individual is a bona fide resident of a U.S.
possession, including America Samoa, Guam, the Northern Mariana
Islands, Puerto Rico, and the Virgin Islands. The proposed regulations
also provide rules for determining when income is considered to be from
sources within a U.S. possession and whether income is effectively
connected with the conduct of a trade or business within any U.S.
possession. In addition, the proposed regulations contain additional
conforming changes to regulations under related or effected sections of
the Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/11/05                    70 FR 18949
Public Hearing                  07/21/05
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism:  Undetermined
Additional Information: REG-159243-03
Drafting attorney: J. David Varley (202) 435-5262
Reviewing attorney: Douglas Giblen (202) 435-5262
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL
Agency Contact: J. David Varley, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Ave., N.W.,
Washington, DC 20224
Phone: 202 435-5265
W. Edward Williams, Special Counsel, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-3830
RIN: 1545-BC86
_______________________________________________________________________
2742. EXCLUSION OF EMPLOYEES OF 501(C)(3) ORGANIZATIONS IN 401(K) AND
401(M) PLANS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
[[Page 65131]]
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                    12/00/05
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-149752-03
Drafting attorney: Lisa Mojiri-Azad (202) 622-6060
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE
Agency Contact: Lisa Mojiri-Azad, Assistant Branch Chief, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6060
RIN: 1545-BC87
_______________________________________________________________________
2743. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS
OF A CONSOLIDATED GROUP; COMPUTATION OF TAXABLE INCOME WHEN SECTION 108
APPLIES TO A MEMBER OF A CONSOLIDATED GROUP
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations provide guidance to prevent circular bases
computations resulting from the application of sections 108(b) and
1.1502-28T, and guidance regarding recapture under section 1245
following application of the look-through rules of section 1017(d) and
section 1.1502-28T.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/15/04                    69 FR 12091
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-167265-03
Drafting attorney: Amber R. Cook (202) 622-7530
Reviewing attorney: Lewis K. Brickates (202) 622-7530
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Amber R. Cook, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, Room 5411, 1111 Constitution Avenue
NW, Washington, DC 20224
Phone: 202 622-7530
Related RIN: Related to 1545-BC96
RIN: 1545-BC95
_______________________________________________________________________
2744. SOLID WASTE DISPOSAL FACILITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 142
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 Ave NW, Washington, DC
20224
Phone: 202 622-3980
RIN: 1545-BD04
_______________________________________________________________________
2745. DEEMED IRAS IN GOVERNMENTAL PLANS/QUALIFIED NONBANK TRUSTEE RULES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 408
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Under IRS section 408(q), a qualified employer plan (plans
described in sections 401(a) of the Code, 403(a), 403(b), and
governmental plans under section 457(b)) may permit employees to make
voluntary employee contributions to a ``deemed IRA,'' i.e., separate
account or annuity established under the plan. Generally, these
accounts or annuities are treated as IRAs pursuant to IRC section 408.
Proposed regulations providing guidance with respect to section 408(q)
were published in the Federal Register on May 20, 2003, and the final
regulations are expected to be published on or before March 31, 2004.
Deemed IRAs must satisfy the requirements of section 408(a) except for
the commingling requirements of section 408(a)(5). Consistent with this
general rule, section 1.408(q)-1(f)(1) of the proposed regulations
provides that the trustee or custodian of an individual retirement
account must be a bank or an entity that received approval from the
Commissioner to serve as a nonbank trustee, pursuant to section 1.408-
2(e) of the regulations. IRC section 1.408-2(e)(1) provides that an
entity must demonstrate by written application that the requirements of
paragraph (e)(2) to (e)(6) of that regulation will be met in order to
qualify as a nonbank trustee. The new regulation will provide that
governmental entities need not demonstrate that all of these
requirements will be met with respect to any deemed IRAs maintained by
that governmental entity. The new regulation will provide that a
governmental entity must demonstrate in writing to the satisfaction of
the Commissioner that the entity will
[[Page 65132]]
administer the trust in a manner that is consistent with the
requirements of section 408.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/22/04                    69 FR 43786
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-101447-04
Drafting attorney: Linda L. Conway (202) 622-6090
Reviewing attorney: Janet A. Laufer (202) 622-6090
Treasury attorney: W. Thomas Reeder (202) 622-1341
CC:TEGE
Agency Contact: Linda L. Conway, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6090
RIN: 1545-BD07
_______________________________________________________________________
2746. 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: Kathryn T. Holman (202) 622-3840
Reviewing attorney: John Merrick (202) 622-3800
Treasury attorney: David Sotos (202) 622-0851
CC:INTL
Agency Contact: Kathryn T. Holman, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-BD10
_______________________________________________________________________
2747. 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
_______________________________________________________________________
2748. STOCK HELD BY FOREIGN INSURANCE COMPANIES
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 864
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to the application of the asset-use
test to stock held by foreign insurance companies. The regulation will
provide that the exception to the asset-use test will not apply in
determining whether the income, gain, or loss from portfolio stock held
by foreign insurance companies constitutes income effectively connected
with the conduct of a U.S. trade or business.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/25/04                    69 FR 35543
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-117307-04
Drafting attorney: Sheila Ramaswamy (202) 622-3870
Reviewing attorney: Steven Jensen (202) 622-3870
CC:INTL
Agency Contact: Sheila Ramaswamy, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3870
RIN: 1545-BD27
_______________________________________________________________________
2749. REQUIREMENTS FOR REORGANIZATIONS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 368
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance regarding
reorganizations under section 368(a)(1)(F) of the Internal Revenue
Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/12/04                    69 FR 49836
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
[[Page 65133]]
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-106889-04
Drafting attorney: Robert B. Gray (202) 622-7550
Reviewing attorney: Debra L. Carlisle (202) 622-7550
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Robert B. Gray, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7550
RIN: 1545-BD31
_______________________________________________________________________
2750. GUIDANCE ON PFIC PURGING ELECTIONS (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These temporary regulations will provide guidance regarding
retroactive relief for taxpayers who, in limited circumstances,
continue to be subject to the PFIC excess distribution regime of
section 1291 although the foreign corporation in which they own stock
is no longer treated as a PFIC under section 1298(b)(1) or section
1297(e).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-133446-03
Drafting attorney: Ethan A. Atticks (202) 622-3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840
Treasury attorney: David Ernick (202) 622-0222
CC:INTL
Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
Related RIN: Related to 1545-BC37
RIN: 1545-BD33
_______________________________________________________________________
2751. CLARIFICATION OF DEFINITIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: These regulations will address the treatment of corporate
continuances under section 7701.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/12/04                    69 FR 49840
Public Hearing                  11/03/04                    69 FR 49840
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-124872-04
Drafting attorney: Thomas D. Beem (202) 622-3860
Reviewing attorney: Charles P. Besecky (202) 622-3860
Treasury attorney: David Sotos (202) 622-0851
CC:INTL
Agency Contact: Thomas D. Beem, 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-BD43
RIN: 1545-BD37
_______________________________________________________________________
2752. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Federalism:  Undetermined
Additional Information: REG-122847-04
Drafting attorney: Nancy M. Galib (202) 622-7022
Reviewing attorney: Ashton P. Trice (202) 622-4940
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ
Agency Contact: Nancy M. Galib, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622-7022
RIN: 1545-BD40
_______________________________________________________________________
2753. TRANSFERS OF RESTRICTED STOCK (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 42 USC 83
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The temporary regulations addressing the application of
section 83 to the transfer of substantially nonvested stock to a
related person.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-127147-04
Drafting attorney: Stephen B. Tackney (202) 622-6030
Treasury attorney: Dan Hogans (202) 622-1332
CC: TEGE
Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6030
Related RIN: Related to 1545-BD44
RIN: 1545-BD45
[[Page 65134]]
_______________________________________________________________________
2754. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-128767-04
Drafting attorney: Charlotte Chyr (202) 622-3080
Reviewing attorney: Jeanne Sullivan (202) 622-3050
Treasury attorney: 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
_______________________________________________________________________
2755. SECTION 951 PRO RATA RULES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations provide rules for determining a U.S.
shareholder's pro rata share of subpart F income of a controlled
foreign corporation.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/05/04                    69 FR 47822
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-129771-04
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840
Reviewing attorney: Phyllis E. Marcus (202) 622-3840
Treasury attorney: Andrew Froberg (202) 622-1779
CC:INTL
Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3840
RIN: 1545-BD49
_______________________________________________________________________
2756. HIPAA PORTABILITY: SPECIAL ENROLLMENT PROCEDURES, TOLLING, AND
INTERACTION WITH FMLA
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 9833
CFR Citation: 26 CFR 54
Legal Deadline: None
Abstract: These regulations enhance the existing HIPAA portability
regulations by tolling the running of certain time periods in certain
circumstances, clarifying the procedures for requesting special
enrollment, addressing how the HIPAA portability requirements apply to
individuals taking leave under the Family and Medical Leave Act of
1993, and prescribing how to count the number of employees an employer
has.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/30/04                    69 FR 78800
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-130370-04
Drafting attorney: Russell Weinheimer (202) 622-6080
Reviewing attorney: Alan Tawshunsky (202) 622-6000
Treasury attorney: Kevin Knopf (202) 622-2329
CC:TEGE
Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6080
Related RIN: Related to 1545-AW02, Related to 1545-AX84
RIN: 1545-BD51
_______________________________________________________________________
2757. CONTINUITY OF INTEREST/STOCK FLUCTUATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to the circumstances in which the
determination of whether a potential reorganization satisfies the
continuity of interest requirement is made by reference to the value of
the consideration delivered to the target corporation's shareholders as
of the transaction's signing date.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/10/04                    69 FR 48429
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-129706-04
Reviewing attorney: Jeffrey B. Fienberg (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Christopher M. Bass, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7770
RIN: 1545-BD53
_______________________________________________________________________
2758. GUIDANCE UNDER SECTION 1502; MISCELLANEOUS OPERATING RULES FOR
SUCCESSOR PERSONS; APPLICABILITY OF SECTION 381
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 1502
CFR Citation: 26 CFR 1
[[Page 65135]]
Legal Deadline: None
Abstract: This regulation addresses certain issues related to complete
liquidations when more than one group member owns stock of the
liquidating corporation.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/22/05                     70 FR 8552
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-131128-04
Drafting attorney: Jeffrey B. Fienberg (202) 622-7770
Reviewing attorney: Edward S. Cohen (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC: COR
Agency Contact: Jeffrey B. Fienberg, Assistant to the Branch Chief,
Department of the Treasury, Internal Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224
Phone: 202 622-7770
RIN: 1545-BD54
_______________________________________________________________________
2759. MANUFACTURER INCENTIVE PAYMENTS IN AN INTERCOMPANY TRANSACTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This project clarifies how the intercompany transaction
regulations treat manufacturer incentive payments to other members of
the group.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/13/04                    69 FR 50112
Final Action                    10/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-131264-04
Drafting attorney: Frances L. Kelly (202) 622-7770
Reviewing attorney: Gerald B. Fleming (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7072
RIN: 1545-BD55
_______________________________________________________________________
2760. ASSET TRANSFERS FOLLOWING PUTATIVE REORGANIZATIONS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides amendments to section 1.368-2. The
amendments address the effect of transfers of the assets or the stock
of parties to a reorganization pursuant to transactions intended to
qualify as reorganizations within the meaning of section 368(a) of the
Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/18/04                    69 FR 51209
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-130863-04
Drafting attorney: Jeffrey B. Fienberg (202) 622-7770
Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Jeffrey B. Fienberg, Assistant to the Branch Chief,
Department of the Treasury, Internal Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224
Phone: 202 622-7770
RIN: 1545-BD56
_______________________________________________________________________
2761. GUIDANCE UNDER SECTION 368 REGARDING MERGERS WITH AND INTO A
FOREIGN CORPORATION
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation addresses whether a transaction involving one
or more foreign corporations may qualify as a statutory merger within
the meaning of section 368(a)(l)(A) of the Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/05/05                      70 FR 746
Final Action                    01/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-117969-00
Drafting attorney: Vincent Daly (202) 622-7770
Reviewing attorney: Marlene Oppenheim (202) 622-7770
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC: COR
Agency Contact: Vincent Daly, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7770
RIN: 1545-BD76
_______________________________________________________________________
2762. SECTION 1374 EFFECTIVE DATES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 337(d); 26 USC 1374(e); 26 USC 7805(a)
CFR Citation: 26 CFR 1
Legal Deadline: Final, Statutory, December 20, 2007.
Abstract: Section 1374(a) of the Internal Revenue Code imposes a tax on
recognized built-in gains on assets held by a corporation when it
converted from a C corporation to an S corporation. This provision is
generally effective for corporations that had made S corporation
elections after
[[Page 65136]]
December 31, 1986 (or for certain gains of certain ``small''
corporations, December 31, 1988). Section 1374(d)(8) imposes a tax on
recognized built-in gains on assets received from a C corporation to an
S corporation in a carryover basis transaction. The proposed
regulations clarify that: 1) Section 1374(a) applies to a corporation
if it initially elected S status before the applicable section 1374(a)
effective date, but then returned to C corporation status and made a
new S corporation election after the applicable section 1374 effective
date; and 2) section 1374(d)(8) applies to a carryover basis
transaction that occurs after December 31, 1986 (or, if applicable,
December 31, 1988), regardless of when the transferee S corporation
elected S status.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/22/04                    69 FR 76635
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-139683-04
Drafting attorney: Stephen R. Cleary (202) 622-7750
Reviewing attorney: Lisa Fuller (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-5721
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-BD99
RIN: 1545-BD95
_______________________________________________________________________
2763. FLAT RATE SUPPLEMENTAL WAGE WITHHOLDING
Priority: Info./Admin./Other. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: PL 107-16, sec 101(c)(11); PL 103-66, sec 13273
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: Amendment of section 31.3402(g)-1 of Employment Tax
Regulations to reflect changes in law affecting optional flat rate for
income tax withholding on supplemental wages.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/05/05                      70 FR 767
NPRM Comment Period End         04/11/05
Other/Hearing                   06/09/05                    70 FR 21163
Final Action                    10/00/05
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
_______________________________________________________________________
2764. DISCLOSURE OF RELATIVE VALUES OF OPTIONAL FORMS OF BENEFIT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 417 (a)(3)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will modify regulations issued on December
17, 2003, to change the effective date provisions of those regulations
(regarding the explanations that must be provided before a pension plan
participant waives a qualified joint and survivor annuity) and make a
few other clarifications.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/28/05                     70 FR 4058
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: REG-15291404
Drafting attorney: Bruce Perlin (202) 622-6090
Reviewing attorney: Linda S.F. Marshall (202) 622-6090
Treasury contact: Harlan Weller (202) 622-1001
CC: TEGE
Agency Contact: Bruce Perlin, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC
20224
Phone: 202 622-6090
RIN: 1545-BD97
_______________________________________________________________________
2765. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-154000-04
Drafting attorney: William L. Blodgett (202) 622-3090
Treasury attorney: John Parcell (202) 622-2578
CC:PSI
Agency Contact: William L. Blodgett, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3090
Related RIN: Related to 1545-BE44
RIN: 1545-BE04
[[Page 65137]]
_______________________________________________________________________
2766. DESIGNATED ROTH CONTRIBUTIONS UNDER CASH OR DEFERRED ARRANGEMENTS
UNDER SECTION 401(K)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: The regulations would provide guidance concerning the
requirements for designated Roth contributions for plans containing
cash or deferred arrangements under section 401(k). The regulations
affect plans containing cash or deferred arrangements under section
401(k) and affected participants eligible to make elective deferrals
under these plans.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/02/05                    70 FR 10062
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG-152354-04
Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6040
Treasury contact: Harlan Weller (202) 622-1001
CC: TEGE
Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6080
RIN: 1545-BE05
_______________________________________________________________________
2767. 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                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-159824-04
Drafting attorney: Heather L. Dostaler (202) 622-4940
Reviewing attorney: Richard Goldstein (202) 622-3900
Treasury attorney: Michael Desmond (202) 622-1981
CC:PA:APJ
Agency Contact: Heather L. Dostaler, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4940
Related RIN: Related to 1545-BA70
RIN: 1545-BE13
_______________________________________________________________________
2768. DISCLOSURE OF RETURN INFORMATION TO THE DEPARTMENT OF AGRICULTURE
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 6103(j)(5)
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: This regulation relates to return information to be disclosed
to the Department of Agriculture for use in conducting the Census of
Agriculture. The regulation will conform the language in the current
regulation at 26 CFR 301.6103(j)(5)-1 to the language adopted in the
recently published regulation pertaining to disclosures to the Bureau
of the Census at 26 CFR 301.6103(j)(1)-1.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/06/03                    68 FR 33857
Final Action                    06/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Additional Information: REG-103809-03
Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570
Treasury attorney: Michael Desmond (202) 622-1981
CC: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-BE15
_______________________________________________________________________
2769. EXCLUSIONS FROM GROSS INCOME OF FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will delay for one year the applicability
date of TD 9087, relating to income derived by foreign corporations
from the international operation of ships or aircraft (Treasury
regulations sections 1.883-0 through 1.883-5), making those regulations
applicable to taxable years beginning after September 24, 2004,
pursuant to section 423 of the American Jobs Creation Act of 2004.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    12/00/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-160687-04
Drafting attorney: Patricia A. Bray (202) 622-3880
Reviewing attorney: Elizabeth U. Karzon (202) 622-3880
Treasury attorney: Gretchen Sierra (202) 622-1755
CC:INTL
Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3880
RIN: 1545-BE16
[[Page 65138]]
_______________________________________________________________________
2770. WITHHOLDING EXEMPTIONS
Priority: Info./Admin./Other
Legal Authority: 26 USC 3402
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: This regulation addresses the application of section 1374 in
certain cases in which an S corporation elected S status before the
effective date of section 1374, terminated S corporation status, and
then re-elected S corporation status after the effective date of
section 1374. It also addresses the application of section 1374(d)(8).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/14/05                    70 FR 19721
Final Action                    04/00/06
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
_______________________________________________________________________
2771. [bull] GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY
FORMER SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 7874
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This temporary regulation provides guidance for carrying out
the rule of 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% 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
________________________________________________________________________
Temporary Regulation            10/00/05
Regulatory Flexibility Analysis Required: 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-BE93
RIN: 1545-BE94
_______________________________________________________________________
2772. [bull] 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            03/00/06
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected:  Businesses
Government Levels Affected: Undetermined
Additional Information: REG-143453-05
Drafting attorney: Charles J. 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,
Washington, DC 20224
Phone: 202 622-3110
Related RIN: Related to 1545-BE96
RIN: 1545-BE97
_______________________________________________________________________
2773. [bull] CAFETERIA PLANS (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 125
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Temporary 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
________________________________________________________________________
Temporary Regulation            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
Reviewing attorney: Harry Beker (202) 622-6080
Treasury attorney: Kevin Knopf (202) 622-2329
CC: TEGE
Agency Contact: Elizabeth A. Purcell, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-6080
Related RIN: Related to 1545-BF00
RIN: 1545-BF01
[[Page 65139]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Internal Revenue Service (IRS)
_______________________________________________________________________
2774. 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
_______________________________________________________________________
2775. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT
INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/21/86                     51 FR 2726
Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Ricardo A. Cadenas
Phone: 202 435-5262
RIN: 1545-AC10
_______________________________________________________________________
2776. 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
_______________________________________________________________________
2777. 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
_______________________________________________________________________
2778. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION 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: Richard L. Chewning
Phone: 202 622-3850
RIN: 1545-AM11
_______________________________________________________________________
2779. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/25/90                     55 FR 2535
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Margaret A. Hogan
Phone: 202 622-3850
RIN: 1545-AM90
_______________________________________________________________________
2780. 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: Ricardo A. Cadenas
Phone: 202 435-5262
RIN: 1545-AM91
_______________________________________________________________________
2781. 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
_______________________________________________________________________
2782. CONFORMING TAXABLE YEARS OF CFCS AND FPHCS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/05/93                      58 FR 290
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Carl M. Cooper
Phone: 202 622-3840
RIN: 1545-AO22
[[Page 65140]]
_______________________________________________________________________
2783. INFORMATION REPORTING AND RECORD MAINTENANCE
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Gregory A. Spring
Phone: 202 622-3870
RIN: 1545-AP10
_______________________________________________________________________
2784. REGISTRATION REQUIRED OBLIGATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/21/93                     58 FR 5316
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-AP33
_______________________________________________________________________
2785. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/01/92                    57 FR 29246
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Margaret A. Hogan
Phone: 202 622-3850
RIN: 1545-AQ55
_______________________________________________________________________
2786. 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: 202 622-6060
RIN: 1545-AQ61
_______________________________________________________________________
2787. 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
_______________________________________________________________________
2788. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
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
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Local, State
Federalism:  Undetermined
Agency Contact: R. Lisa Mojiri-Azad
Phone: 202 622-6080
RIN: 1545-AQ74
_______________________________________________________________________
2789. MARK-TO-MARKET UPON DISPOSITION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/04/95                      60 FR 397
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Stephen J. Coleman
Phone: 202 622-6289
RIN: 1545-AS85
_______________________________________________________________________
2790. 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
_______________________________________________________________________
2791. 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
[[Page 65141]]
_______________________________________________________________________
2792. 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
_______________________________________________________________________
2793. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                             To Be                       Determined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism:  Undetermined
Agency Contact: M. Grace Fleeman
Phone: 202 622-3880
RIN: 1545-AU91
_______________________________________________________________________
2794. 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
_______________________________________________________________________
2795. 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
_______________________________________________________________________
2796. HIGHLY COMPENSATED EMPLOYEE
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: R. Lisa Mojiri-Azad
Phone: 202 622-6080
RIN: 1545-AX48
_______________________________________________________________________
2797. 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
_______________________________________________________________________
2798. NORMAL RETIREMENT AGE FOR PENSION PLANS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Janet A. Laufer
Phone: 202 622-6090
RIN: 1545-AY61
_______________________________________________________________________
2799. PAYMENTS FOR INTEREST IN PARTNERSHIP
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Stacy L. Short
Phone: 202 622-3070
RIN: 1545-AY90
_______________________________________________________________________
2800. CONSOLIDATED RETURNS; NONAPPLICABILITY OF SECTION 357(C)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/14/01                    66 FR 57021
Public Hearing                  03/21/02
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Thomas I. Russell
[[Page 65142]]
Phone: 202 622-7550
RIN: 1545-BA09
_______________________________________________________________________
2801. EARNINGS AND PROFITS ATTRIBUTION PRINCIPLES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Federalism:  Undetermined
Agency Contact: Michael I. Gilman
Phone: 202 622-3850
RIN: 1545-BA93
_______________________________________________________________________
2802. GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Dillon Taylor
Phone: 202 622-4940
RIN: 1545-BA96
_______________________________________________________________________
2803. 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
RIN: 1545-BA99
_______________________________________________________________________
2804. AMENDING THE LOW-INCOME HOUSING TAX CREDIT PROGRAM
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jack Malgeri
Phone: 202 622-3040
RIN: 1545-BB37
_______________________________________________________________________
2805. 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
_______________________________________________________________________
2806. APPLICATION OF NONDISCRIMINATION CROSS-TESTING RULES TO CASH
BALANCE PLANS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/11/02                    67 FR 76123
Hearing                         04/09/03
Next Action Undetermined
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
_______________________________________________________________________
2807. NOTARIZATION REQUIREMENT FOR STATEMENTS OF PURCHASE
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/10/03                    68 FR 41087
Comment Period End              10/08/03
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
_______________________________________________________________________
2808. 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
Government Levels Affected: None
Agency Contact: Richard Shevak
Phone: 202 622-8142
Related RIN: Related to 1545-AR82
RIN: 1545-BC16
_______________________________________________________________________
2809. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Mae J. Lew
Phone: 202 435-5262
Related RIN: Related to 1545-BD32
RIN: 1545-BC54
_______________________________________________________________________
2810. TRANSACTIONS INVOLVING THE TRANSFER OF NO NET EQUITY VALUE
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
[[Page 65143]]
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
_______________________________________________________________________
2811. 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
_______________________________________________________________________
2812. ACCUMULATED ADJUSTMENT ACCOUNT AND OTHER CORPORATE SEPARATIONS
UNDER SECTION 355
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Deane M. Burke
Phone: 202 622-3070
RIN: 1545-BC98
_______________________________________________________________________
2813. 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
Other/Comment Period End        08/24/05
Other/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
_______________________________________________________________________
2814. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Linda S.F. Marshall
Phone: 202 622-6090
RIN: 1545-BD13
_______________________________________________________________________
2815. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES
(TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            12/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Mae J. Lew
Phone: 202 435-5262
Related RIN: Related to 1545-BC54
RIN: 1545-BD32
_______________________________________________________________________
2816. LIFO RECAPTURE UNDER SECTION 1363(D)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/13/04                    69 FR 50109
Next Action Undetermined
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
_______________________________________________________________________
2817. UPDATE OF 415 REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/31/05                    70 FR 31214
Other/Public Hearing            08/17/05
Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Federalism:  Undetermined
Agency Contact: Vernon S. Carter
Phone: 202 622-6060
RIN: 1545-BD52
_______________________________________________________________________
2818. CLASSIFICATION OF INDIAN TRIBAL CORPORATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Federalism:  Undetermined
Agency Contact: Barbara Campbell
Phone: 202 622-3050
RIN: 1545-BD61
[[Page 65144]]
_______________________________________________________________________
2819. MANDATORY E-FILING FOR FORMS 1120
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 301
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
Agency Contact: Michael E. Hara
Phone: 202 622-4910
RIN: 1545-BD65
_______________________________________________________________________
2820. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
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
_______________________________________________________________________
2821. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            12/00/06
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
_______________________________________________________________________
2822. SPECIAL RULES TO REDUCE SECTION 1446 WITHHOLDING
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Rule                      12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Ronald M. Gootzeit
Phone: 202 622-3860
Related RIN: Related to 1545-AY28
RIN: 1545-BD80
_______________________________________________________________________
2823. DEFINITION OF THE ``DUE DATE'' FOR PURPOSES OF CALCULATING
OVERPAYMENT INTEREST UNDER SECTION 301.6611(H)
Priority: Info./Admin./Other
CFR Citation: 26 CFR 301
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Tatiana L. Belenkaya
Phone: 202 622-4910
RIN: 1545-BD86
_______________________________________________________________________
2824. RETURN FOR SUBCHAPTER T COOPERATIVES
Priority: Info./Admin./Other. 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: Donnell M. Rini-Swyers
Phone: 202 622-4910
RIN: 1545-BD92
_______________________________________________________________________
2825. EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944
Priority: Info./Admin./Other. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 31
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: Federal
Agency Contact: Raymond Bailey
Phone: 202 622-4910
Related RIN: Related to 1545-BE00
RIN: 1545-BD93
_______________________________________________________________________
2826. RETURN FOR SUBCHAPTER T COOPERATIVES (TEMPORARY)
Priority: Info./Admin./Other
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Donnell M. Rini-Swyers
Phone: 202 622-4910
Related RIN: Related to 1545-BD92
RIN: 1545-BD98
_______________________________________________________________________
2827. EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944
(TEMPORARY)
Priority: Info./Admin./Other
CFR Citation: 26 CFR 31
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: Federal
Agency Contact: Raymond Bailey
Phone: 202 622-4910
Related RIN: Related to 1545-BD93
RIN: 1545-BE00
_______________________________________________________________________
2828. 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
[[Page 65145]]
Phone: 202 622-7950
RIN: 1545-BE07
_______________________________________________________________________
2829. DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS
Priority: Substantive, Nonsignificant
CFR Citation: Not Yet Determined
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: James C. O'Leary
Phone: 202 622-8543
Related RIN: Related to 1545-BC93, Related to 1545-BE02, Related to
1545-BE01
RIN: 1545-BE08
_______________________________________________________________________
2830. INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED INTELLECTUAL
PROPERTY CONTRIBUTIONS
Priority: Info./Admin./Other
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: Donnell M. Rini-Swyers
Phone: 202 622-4910
RIN: 1545-BE11
_______________________________________________________________________
2831. SECTION 6011 REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Tara P. Volungis
Phone: 202 622-3080
Related RIN: Related to 1545-BE25
RIN: 1545-BE24
_______________________________________________________________________
2832. SECTION 6011 REGULATIONS (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Tara P. Volungis
Phone: 202 622-3080
Related RIN: Related to 1545-BE24
RIN: 1545-BE25
_______________________________________________________________________
2833. SECTION 6111 REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Tara P. Volungis
Phone: 202 622-3080
Related RIN: Related to 1545-BE27
RIN: 1545-BE26
_______________________________________________________________________
2834. SECTION 6111 REGULATIONS (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Tara P. Volungis
Phone: 202 622-3080
Related RIN: Related to 1545-BE26
RIN: 1545-BE27
_______________________________________________________________________
2835. SECTION 6112 REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Tara P. Volungis
Phone: 202 622-3080
Related RIN: Related to 1545-BE29
RIN: 1545-BE28
_______________________________________________________________________
2836. SECTION 6112 REGULATIONS (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Tara P. Volungis
Phone: 202 622-3080
Related RIN: Related to 1545-BE28
RIN: 1545-BE29
_______________________________________________________________________
2837. 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: Paul J. Carlino
Phone: 202 622-0047
RIN: 1545-BE32
[[Page 65146]]
_______________________________________________________________________
2838. MODIFICATIONS TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Timetable: Next Action Undetermined
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
RIN: 1545-BE48
_______________________________________________________________________
2839. MODIFICATION TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302
(TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Timetable: Next Action Undetermined
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
RIN: 1545-BE49
_______________________________________________________________________
2840. [bull] REGULATIONS UNDER SECTION 263A REGARDING USE OF SIMPLIFIED
SERVICE COST METHOD AND SIMPLIFIED PRODUCTION METHOD
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 263A
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Application of simplified service cost method and simplified
production method to self-constructed assets.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/03/05                    70 FR 44535
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-121584-05
Drafting attorney: Scott H. Rabinowitz (202) 622-4970
CC:ITA
Agency Contact: Scott H. Rabinowitz, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4970
Related RIN: Related to 1545-BE61
RIN: 1545-BE57
_______________________________________________________________________
2841. [bull] 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
Legal Authority: PL 108-357, sec. 251
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: On November 14, 2001, the IRS and Treasury published proposed
amendments to the Employment Tax Regulations (26 CFR Part 31) under
section 424 of the Code, that would address the application of the
FICA, FUTA, and Collection of Income Tax at Source to statutory stock
options. These proposed amendments to the regulations were published in
the Federal Register (66 FR 57023). Because section 251 of the American
Jobs Creation Act of 2004 (the AJCA), H.R. 4520, Public Law 108-357,
118 Stat. 1418, subsequently amended sections 3121 (a), 3306(b),
421(b), and 423(c) of the Code to address the application of the
Federal Insurance Contributions Act (FICA), Federal Unemployment Tax
Act (FUTA), and Collection of Income Tax at Source to statutory stock
options in a manner different than set forth in the proposed amendments
to the regulations, the IRS and Treasury are withdrawing the proposed
amendments to the regulations.
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG-142686-01
Drafting attorney: Paul J. Carlino (202) 622-0047
Reviewing attorney: Michael J. Swim (202) 622-0047 and Kevin Knopf
(202) 622-2329
CC:TEGE
Agency Contact: Paul J. Carlino, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC
20224
Phone: 202 622-0047
Related RIN: Related to 1545-BA26
RIN: 1545-BE60
_______________________________________________________________________
2842. [bull] SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 6081
CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301
Legal Deadline: None
Abstract: The revision to the regulation will allow certain taxpayers a
6-month extension of time to file their tax returns. This is a proposed
regulation.
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-144898-04
Drafting attorney: Tracey B. Leibowitz (202) 622-4940
CC:PA:APJ
Agency Contact: Tracey B. Leibowitz, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4940
Related RIN: Related to 1545-BE63
RIN: 1545-BE62
_______________________________________________________________________
2843. [bull] SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081
(TEMPORARY)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 6081
CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301
Legal Deadline: None
Abstract: This temporary regulation will allow certain taxpayers a 6-
month extension of time to file their tax returns.
[[Page 65147]]
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Additional Information: REG-144898-04
Drafting attorney: Tracey B. Leibowitz (202) 622-4940
CC:PA:APJ
Agency Contact: Tracey B. Leibowitz, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4940
Related RIN: Related to 1545-BE62
RIN: 1545-BE63
_______________________________________________________________________
2844. [bull] DEFERRED COMPENSATION (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 409 A
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: Temporary regulations that reflect the enactment of section
885 of the American Jobs Creation Act of 2004.
Timetable: Next Action Undetermined
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 Ave NW,
Washington, DC 20224
Phone: 202 622-6030
RIN: 1545-BE79
_______________________________________________________________________
2845. [bull] ABANDONMENT OF STOCK AND OTHER SECURITIES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 165; 26 USC 166
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Guidance is needed regarding the Federal income tax
consequences of the surrender of stock, securities, or debt for no
consideration where the surrender is not a gift or contribution. Since
these interpretive regulations will clarify current law, a cost/benefit
analysis is not necessary.
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-101001-05
Drafting attorney: Joy Spies (202) 622-5020
Agency Contact: Joy Spies, Attorney, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC
20224
Phone: 202 622-5020
RIN: 1545-BE80
_______________________________________________________________________
2846. [bull] FOREIGN CURRENCY CONTRACT DEFINED
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1256(g)(2)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations relate to the definition of a foreign
currency contract of purposes of section 1256(g)(2) of the Internal
Revenue Code.
Timetable: Next Action Undetermined
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-BE83
RIN: 1545-BE82
_______________________________________________________________________
2847. [bull] FOREIGN CURRENCY CONTRACT DEFINED (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1256(g)(2)
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: Next Action Undetermined
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
_______________________________________________________________________
2848. [bull] SPECIAL ALLOCATION OF BASIS IN CONNECTION WITH ADJUSTMENTS
AND DETERMINATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations provide rules for allocation of basis of
member stock in connection with certain intragroup transactions.
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-138879-05
Drafting attorney: Theresa M. Kolish (202) 622-7530
CC: COR
Agency Contact: Theresa M. Kolish, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
[[Page 65148]]
Phone: 202 622-7530
Related RIN: Related to 1545-BE88
RIN: 1545-BE87
_______________________________________________________________________
2849. [bull] APPLICATION OF SECTION 338 TO INSURANCE COMPANIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 338
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations dealing with guidance of selected
issues concerning the application of section 338 to insurance
companies. These rules will address the determination of the amount of
the ceding commission required to be capitalized under section 848 and
amortized under section 197 in connection with the deemed asset sale,
and the effect of reserve increases by new target after the deemed
asset sale. These rules will be incorporated by reference in final
regulations, and will be issued concurrently with those final
regulations (RIN 1545-AY49).
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-146384-05
Drafting attorney: Mark J. Weiss (202) 622-7790
Reviewing attorney: Victor Penico (202) 622-7750
Treasury attorney: Audrey Nacamuli (202) 622-5721
CC:COR
Agency Contact: Mark Weiss, Attorney-Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-7790
Related RIN: Related to 1545-AY49, Related to 1545-BF03
RIN: 1545-BF02
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Internal Revenue Service (IRS)
_______________________________________________________________________
2850. FOREIGN INSURANCE COMPANIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/17/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Sheila Ramaswamy
Phone: 202 622-3870
RIN: 1545-AL82
_______________________________________________________________________
2851. FRINGE BENEFIT SOURCING UNDER SECTION 861
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9212                            07/14/05                    70 FR 40663
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: David F. Bergkuist
Phone: 202 622-3850
RIN: 1545-AO72
_______________________________________________________________________
2852. GUIDANCE IN NOTICE 89-37, WHICH TREATS THE RECEIPT OF A CORPORATE
PARTNER'S STOCK BY THE CORPORATE PARTNER AS A CIRCUMVENTION OF GENERAL
UTILITIES REPEAL
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/17/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Tara P. Volungis
Phone: 202 622-3080
RIN: 1545-AP52
_______________________________________________________________________
2853. TREATMENT OF DUAL CONSOLIDATED LOSSES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       04/19/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Kathryn T. Holman
Phone: 202 622-3840
RIN: 1545-AR26
_______________________________________________________________________
2854. FINANCIAL ASSET SECURITIZATION INVESTMENT TRUST (FASIT) START-UP;
OPERATIONAL AND TRANSITIONAL RULES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301; 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/22/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Arturo Estrada
Phone: 202 622-3900
RIN: 1545-AU94
_______________________________________________________________________
2855. RETURN OF LEVIED PROPERTY IN CERTAIN CASES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9213                            07/14/05                    70 FR 40669
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
[[Page 65149]]
Government Levels Affected: None
Agency Contact: Kevin B. Connelly
Phone: 202 622-3630
RIN: 1545-AV01
_______________________________________________________________________
2856. CAPITAL GAIN GUIDANCE RELATING TO CRTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9190                            03/16/05                    70 FR 12793
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Theresa M. Melchiorre
Phone: 202 622-7830
RIN: 1545-AW35
_______________________________________________________________________
2857. CASH OR DEFERRED ARRANGEMENTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9169                            12/29/04                    69 FR 78144
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: R. Lisa Mojiri-Azad
Phone: 202 622-6080
Related RIN: Related to 1545-AX43
RIN: 1545-AX26
_______________________________________________________________________
2858. ASSUMPTION OF PARTNERSHIP LIABILITIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Second NPRM                     05/26/05                    70 FR 30381
Temporary Regulation Completed
by TD 9207                      05/26/05                    70 FR 30334
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Laura C. Fields
Phone: 202 622-3050
Related RIN: Related to 1545-BB83
RIN: 1545-AX93
_______________________________________________________________________
2859. WITHHOLDING TAX ON FOREIGN PARTNERS' SHARE OF EFFECTIVELY
CONNECTED INCOME
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Second NPRM                     05/18/05                    70 FR 28743
Final Action Completed by TD
9200                            05/18/05                    70 FR 28702
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Ronald M. Gootzeit
Phone: 202 622-3860
Related RIN: Related to 1545-BD80
RIN: 1545-AY28
_______________________________________________________________________
2860. GUIDANCE UNDER SECTION 355(E); RECOGNITION OF GAIN ON CERTAIN
DISTRIBUTIONS OF STOCK OR SECURITIES IN CONNECTION WITH AN ACQUISITION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9198                            04/19/05                    70 FR 20279
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-BA55
RIN: 1545-AY42
_______________________________________________________________________
2861. PROPERTY EXEMPT FROM LEVY
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9189                            03/07/05                    70 FR 10885
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Robin M. Ferguson
Phone: 202 622-3610
RIN: 1545-BA22
_______________________________________________________________________
2862. INCOME FROM SOURCES WITHIN SPECIFIED POSSESSION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       07/29/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Ethan A. Atticks
Phone: 202 622-3840
RIN: 1545-BA37
_______________________________________________________________________
2863. CARRYBACK OF CONSOLIDATED NET OPERATING LOSSES TO SEPARATE RETURN
YEARS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/22/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Theresa M. Kolish
Phone: 202 622-7530
Related RIN: Related to 1545-BA76
RIN: 1545-BA73
_______________________________________________________________________
2864. AGGREGATE COMPUTATION AND ALLOCATION OF RESEARCH CREDIT
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
[[Page 65150]]
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       05/24/05                    70 FR 29662
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nicole R. Cimino
Phone: 202 622-3120
Related RIN: Related to 1545-AX05, Related to 1545-BD60
RIN: 1545-BA88
_______________________________________________________________________
2865. DESIGNATED IRS OFFICER OR EMPLOYEE
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9195                            04/01/05                    70 FR 16711
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Elizabeth D. Rawlins
Phone: 202 622-3600
Related RIN: Related to 1545-BA98
RIN: 1545-BA89
_______________________________________________________________________
2866. DISTRIBUTIONS OF PROPERTY
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301; 26 CFR 20
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9172                            01/04/05                      70 FR 295
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Theresa M. Melchiorre
Phone: 202 622-7830
RIN: 1545-BB12
_______________________________________________________________________
2867. DUPLICATIVE TAX BENEFITS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/16/05
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-BB95
RIN: 1545-BB25
_______________________________________________________________________
2868. INVESTMENT ADJUSTMENT RULES AND WAIVER OF LOSS CARRYOVERS FROM
SRLY YEARS--AMENDED
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9187                            02/03/05                    70 FR 10319
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jeffrey B. Fienberg
Phone: 202 622-7770
Related RIN: Related to 1545-BD39
RIN: 1545-BB38
_______________________________________________________________________
2869. ELECTION OUT GENERATION-SKIPPING TRANSFER TAX (GST) DEEMED
ALLOCATIONS
Priority: Info./Admin./Other
CFR Citation: 26 CFR 601
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9208                            06/29/05                    70 FR 37258
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Mayer Samuels
Phone: 202 622-7265
RIN: 1545-BB54
_______________________________________________________________________
2870. INSTALLMENT OBLIGATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9193                            03/22/05                    70 FR 14394
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jeanne Sullivan
Phone: 202 622-3070
RIN: 1545-BB65
_______________________________________________________________________
2871. CORPORATE REORGANIZATIONS: CONTINUITY TRANSFERS OF ASSETS OR STOCK
FOLLOWING A REORGANIZATION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/22/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Rebecca O. Burch
Phone: 202 622-7550
Related RIN: Related to 1545-BB81
RIN: 1545-BB80
_______________________________________________________________________
2872. DEEMED CORPORATE ELECTION FOR ELECTING S CORPORATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9203                            05/23/05                    70 FR 29452
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Rebekah A. Myers
Phone: 202 622-3050
Related RIN: Related to 1545-BD24
RIN: 1545-BC32
[[Page 65151]]
_______________________________________________________________________
2873. 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-BC39
RIN: 1545-BC38
_______________________________________________________________________
2874. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN
(ASFR) (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation Completed
by TD 9215                      07/18/05                    70 FR 41144
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Tracey B. Leibowitz
Phone: 202 622-4940
Related RIN: Related to 1545-BC45
RIN: 1545-BC46
_______________________________________________________________________
2875. GUARANTEE FEES UNDER SECTION 143(G)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9204                            05/23/05                    70 FR 29447
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Local, State
Agency Contact: Michael P. Brewer
Phone: 202 622-3980
RIN: 1545-BC59
_______________________________________________________________________
2876. PREDECEASED PARENT RULE
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 26
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9214                            07/18/05                    70 FR 41140
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Lian A. Mito
Phone: 202 622-7830
RIN: 1545-BC60
_______________________________________________________________________
2877. SECTION 179 ELECTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9209                            07/13/05                    70 FR 40189
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Winston H. Douglas
Phone: 202 622-3110
RIN: 1545-BC69
_______________________________________________________________________
2878. REAL ESTATE MORTGAGE INVESTMENT CONDUIT (REMIC) TETRA RULES
Priority: Info./Admin./Other
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9182                            02/25/05                     70 FR 9218
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Arturo Estrada
Phone: 202 622-3900
RIN: 1545-BC71
_______________________________________________________________________
2879. TREATMENT OF FOREIGN STAPLED CORPORATION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9216                            07/29/05                    70 FR 43757
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Robert W. Lorence
Phone: 202 622-3860
Related RIN: Related to 1545-BD06
RIN: 1545-BD05
_______________________________________________________________________
2880. TREATMENT OF FOREIGN STAPLED CORPORATION (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9216                            07/29/05                    70 FR 43757
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Richard L. Osborne
Phone: 202 622-3860
Related RIN: Related to 1545-BD05
RIN: 1545-BD06
_______________________________________________________________________
2881. TIME AND MANNER OF MAKING SECTION 163(D)(4)(B) ELECTION TO TREAT
QUALIFIED DIVIDEND INCOME AS INVESTMENT INCOME
Priority: Info./Admin./Other
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9191                            03/18/05                    70 FR 13100
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
[[Page 65152]]
Agency Contact: Amy J. Pfalzgraf
Phone: 202 622-4950
RIN: 1545-BD16
_______________________________________________________________________
2882. MOVE AND UPDATE THE ESTIMATED TAX REGULATIONS
Priority: Info./Admin./Other
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      09/02/05                    70 FR 52299
Final Rule Effective            09/02/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Tonya L. Christianson
Phone: 202 622-4910
RIN: 1545-BD17
_______________________________________________________________________
2883. ALLOCATION AND APPORTIONMENT OF DEDUCTIONS FOR CHARITABLE
CONTRIBUTIONS (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9211                            07/14/05                    70 FR 40661
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Teresa B. Hughes
Phone: 202 622-3850
Related RIN: Related to 1545-AP30
RIN: 1545-BD47
_______________________________________________________________________
2884. SOURCE OF COMPENSATION FOR LABOR OR PERSONAL SERVICES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Merged With 1545-AO72           07/14/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: David F. Bergkuist
Phone: 202 622-3850
RIN: 1545-BD62
_______________________________________________________________________
2885. GUIDANCE UNDER SECTION 79
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/22/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Betty J. Clary
Phone: 202 622-6080
RIN: 1545-BD85
_______________________________________________________________________
2886. INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED INTELLECTUAL
PROPERTY CONTRIBUTIONS (TEMPORARY)
Priority: Info./Admin./Other
CFR Citation: 26 CFR 1; 26 CFR 602
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation Completed
by TD 9206                      05/23/05                    70 FR 29460
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Donnell M. Rini-Swyers
Phone: 202 622-4910
Related RIN: Related to 1545-BE11
RIN: 1545-BE12
_______________________________________________________________________
2887. AGGREGATE COMPUTATION: ALLOCATION OF RESEARCH CREDIT II
(TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation Completed
by TD 9205                      05/24/05                    70 FR 29596
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Nicole R. Cimino
Phone: 202 622-3120
Related RIN: Related to 1545-BD60
RIN: 1545-BE17
_______________________________________________________________________
2888. WITHHOLDING EXEMPTIONS (TEMPORARY)
Priority: Info./Admin./Other
CFR Citation: 26 CFR 31
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation Completed
by TD 9196                      04/14/05                    70 FR 19694
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Margaret A. Owens
Phone: 202 622-0047
Related RIN: Related to 1545-BE20
RIN: 1545-BE21
_______________________________________________________________________
2889. RESIDENCE AND SOURCE RULES INVOLVING U.S. POSSESSIONS (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation Completed
by TD 9194                      04/11/05                    70 FR 18920
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: John David Varley
Phone: 202 435-5262
Related RIN: Related to 1545-BC86
RIN: 1545-BE22
_______________________________________________________________________
2890. DYE INJECTION (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation Completed
by TD 9199                      04/26/05                    70 FR 21332
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
[[Page 65153]]
Agency Contact: William L. Blodgett
Phone: 202 622-3090
Related RIN: Related to 1545-BE44
RIN: 1545-BE44
_______________________________________________________________________
2891. ATTAINED AGE OF INSURED
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/22/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Ann H. Logan
Phone: 202 622-3970
RIN: 1545-BE53
_______________________________________________________________________
2892. [bull] REGULATIONS UNDER SECTION 263A REGARDING USE AT SIMPLIFIED
SERVICE COST METHOD AND SIMPLIFIED PRODUCTION METHOD (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 263A
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
________________________________________________________________________
Temporary Regulation Completed
by TD 9217                      08/03/05                    70 FR 44467
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG-121584-05
Drafting attorney: Scott H. Rabinowitz (202) 622-4970
CC:ITA
Agency Contact: Scott H. Rabinowitz, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-4970
Related RIN: Related to 1545-BE57
RIN: 1545-BE61
_______________________________________________________________________
2893. [bull] LIFO RECAPTURE UNDER SECTION 1363(D)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 337; 26 USC 1363
CFR Citation: 26 CFR 1; 26 CFR 602
Legal Deadline: None
Abstract: Corporations that hold LIFO inventory indirectly through
partnerships and that elect to be treated as S corporations are subject
to LIFO recapture under section 1363(d) based on their share of the
income that would be allocated to them if the inventory were sold.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9210                            07/12/05                    70 FR 39920
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG-149524-03
Drafting attorney: Pietro Canestrelli (202) 622-3060
Reviewing attorney: David Haglund (202) 622-4031
Treasury attorney: Matthew Lay (202) 622-1788
CC:PSI
Agency Contact: Pietro E. Canestrelli, Attorney-Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622-3060
RIN: 1545-BE75
BILLING CODE 6720--01--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________
2894. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES;
MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464;
12 USC 1467a; 12 USC 1828 note
CFR Citation: 12 CFR 567
Legal Deadline: None
Abstract: The Office of the Comptroller of the Currency, Board of
Governors of the Federal Reserve System, Federal Deposit Insurance
Corporation, and Office of Thrift Supervision are considering various
revisions to the risk-based capital framework. The revisions are
designed to enhance the framework's risk sensitivity and to minimize
competitive disparities between larger banking organizations that will
be subject to the advanced approaches implemented under the new Basel
Capital Framework and other banking organizations that will not be
subject to these advanced approaches.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           10/20/05                    70 FR 61068
ANPRM Comment Period End        01/18/06
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
[[Page 65154]]
Phone: 202 906-6639
RIN: 1550-AB98
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________
2895. 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                            12/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Michael D. Solomon, Director, Capital Policy,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906-5654
Karen Osterloh, Special Counsel, Regulations and Legislation Division,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906-6639
David Riley, Senior Analyst, Capital Policy, Department of the
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington,
DC 20552
Phone: 202 906-6669
Related RIN: Related to 1550-AB11
RIN: 1550-AB56
_______________________________________________________________________
2896. SECURITIES-RELATED ACTIVITIES OF SAVINGS ASSOCIATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463;
12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12
USC 1828; 12 USC 1831o; 12 USC 3806; 42 USC 4106; 44 USC 3501 et seq
CFR Citation: 12 CFR 506; 12 CFR 545; 12 CFR 559; 12 CFR 563
Legal Deadline: None
Abstract: OTS is proposing to reduce regulatory burden by updating and
revising its rules on securities-related activities of savings
associations. First, the proposed rule describes the existing authority
of federal savings associations to engage in various securities broker,
dealer, and underwriting activities under the Home Owners' Loan Act
(HOLA). This description should reduce compliance burdens by making OTS
positions regarding the permissibility of these activities readily
available to all.
OTS is also updating the existing prohibition on the sale of debt and
equity securities issued by a savings association or its affiliate at
the offices of a savings association. This change will reduce burden on
savings associations by adding new exceptions and by eliminating
consumer protection rules that overlap, and in some cases conflict,
with other agency guidance. Finally, the proposed rule would eliminate
various obsolete OTS securities activity regulations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/00/06
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
[[Page 65155]]
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
_______________________________________________________________________
2897. 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: Not Yet Determined
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                            10/00/05
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
_______________________________________________________________________
2898. [bull] ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1820(k); 5 USC 504;
5 USC 554 to 557; 12 USC 1464; 12 USC 1467; 12 USC 1467a; 12 USC 1468;
12 USC 1817(j); 12 USC 1818; 12 USC 1820(k); 12 USC 3349; 12 USC 4717;
15 USC 78(l); 15 USC 780-5; 15 USC 78u-2; 28 USC 2461 note 31; 31 USC
3321; 42 USC 4012a
CFR Citation: 12 CFR 507; 12 CFR 509
Legal Deadline: None
Abstract: The OCC, Board, FDIC and OTS (the Agencies) propose to adopt
rules to implement section 6303(b) of the Intelligence Reform and
Terrorism Prevention Act of 2004 (Intelligence Reform Act), which added
a new section 10(k) to the Federal Deposit Insurance Act (FDI Act).
Section 10(k) imposes post-employment restrictions on senior examiners
of depository institutions and depository institution holding
companies. Under section 10(k), a senior examiner employed or
commissioned by an Agency may not knowingly accept compensation as an
employee, officer, director, or consultant from certain depository
institutions or depository institution holding companies he or she
examined, or from certain related entities, for one year after the
examiner leaves the employment or service of the Agency. If an examiner
violates the one-year restriction, the statute requires the appropriate
Federal banking agency to seek penalties. Accordingly, the examiner may
be subject to an order of removal and prohibition or a civil money
penalty of up to $250,000.
The comment period closed on October 4, 2005.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/05/05                    70 FR 45323
NPRM Comment Period End         10/04/05
Proposed Rule                   01/00/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: 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
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
Lori J. Quigley, Asst. Managing Director, E&S Operations, Department of
the Treasury, Office of Thrift Supervision, 1700 G Street, NW,
Washington, DC 20552
Phone: 202 906-6265
RIN: 1550-AB99
[[Page 65156]]
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________
2899. FAIR CREDIT REPORTING MEDICAL INFORMATION REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 15 USC 1681b; 15 USC 1681s
CFR Citation: 12 CFR 571
Legal Deadline: Final, Statutory, June 4, 2004.
Creditors may not use a consumer's medical information to make credit
determinations, except in accordance with the Fair and Accurate Credit
Transactions Act of 2003 (FACT Act). In accordance with section 411 of
the FACT Act (15 U.S.C. 1681b(g)(5)(A) and (g)(5)(B), the Federal
banking agencies and the NCUA must, after notice and comment, issue
regulations on necessary and appropriate access by creditors to medical
information. Final regulations must be issued by June 4, 2004.
Abstract: The Office of the Comptroller of the Currency, Federal
Reserve Board, Federal Deposit Insurance Corporation, Office of Thrift
Supervision, and National Credit Union Administration published for
comment proposed regulations implementing section 411 of the Fair and
Accurate Credit Transactions Act of 2003 (FACT Act). The FACT Act
substantially amends the Fair Credit Reporting Act (FCRA), 15 U.S.C.
1681 et seq. Section 411(a) of the FACT Act adds a new section
604(g)(1) to the FCRA to prohibit creditors from obtaining or using
medical information pertaining to a consumer in connection with any
determination of the consumer's eligibility, or continued eligibility,
for credit. In addition, section 411(b) of the FACT Act adds a new
section 603(d)(3) to the FCRA to restrict the sharing of medical
information and related lists or descriptions with affiliates.
The Agencies received comments from approximately 40 entities (and
individuals). The Agencies are developing a final rule.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/28/04                    69 FR 23380
NPRM Comment Period End         05/28/04
Interim Final Rule              06/10/05                    70 FR 33958
Interim Final Rule Comment
Period End                      07/11/05
Final Rule                      12/00/05
Interim Final Rule Effective    03/07/06
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Agency Contact: Richard Bennett, 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-AB88
_______________________________________________________________________
2900. FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a;
12 USC 1828; 12 USC 1831p-1; 12 USC 1881 to 1884; 15 USC 1681b; 15 USC
1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805(b)(1); PL 108-159, sec
214, 117 Stat 1952
CFR Citation: 12 CFR 571
Legal Deadline: Final, Statutory, September 4, 2004.
Section 214 of the FACT Act adds a new section 624 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 soliciation for marketing purposes to a
consumer, unless the consumer is given notice and an opportunity and
simple method to opt out of the making of such solicitations.
The comment period closed in August 2004 and comments are currently
under review at the various agencies.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/15/04                    69 FR 42502
NPRM Comment Period End         08/16/04
Final Rule                      10/00/05
Regulatory Flexibility Analysis Required: Yes
Small Entities Affected: Businesses
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 65157]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________
2901. 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
_______________________________________________________________________
2902. SPECIAL RULES FOR ADJUDICATORY PROCEEDINGS FOR CERTAIN HOLDING
COMPANIES
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 509
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              03/02/05                    70 FR 10021
Interim Final Rule Effective    04/01/05
Interim Final Rule Comment
Period End                      05/02/05
Final Rule                       To Be                       Determined
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
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________
2903. EGRPRA REGULATORY REVIEW--APPLICATION AND REPORTING REQUIREMENTS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 506; 12 CFR 516; 12 CFR 528; 12 CFR 543 to 545; 12
CFR 552; 12 CFR 559; 12 CFR 563; 12 CFR 567; 12 CFR 574; 12 CFR 575
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      08/31/05                    70 FR 51582
Final Action Effective          10/01/05
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Don Dwyer
Phone: 202 906-6414
Karen Osterloh
Phone: 202 906-6639
Josephine Battle
Phone: 202 906-6870
Gary Jeffers
Phone: 202 906-6457
RIN: 1550-AB93
[FR Doc. 05-21045 Filed 10-28-05; 8:45 am]
BILLING CODE 6720-01-S
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