<DOC>
[December 22, 2003 (Volume 68, Number 245)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID: f:ua031016.wais]
[Page 73362-73490]
Department of the Treasury
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Part XVI
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Semiannual Regulatory Agenda
[[Page 73362]]
DEPARTMENT OF THE TREASURY (TREAS)
_______________________________________________________________________
DEPARTMENT OF THE TREASURY
31 CFR Subtitle A, Chs. I and II
Semiannual Agenda and Fiscal Year 2004 Regulatory Plan
AGENCY: Department of the Treasury.
ACTION: Semiannual regulatory agenda.
_______________________________________________________________________
SUMMARY: This notice is given pursuant to the requirements of the
Regulatory Flexibility Act (Pub. L. 96-354, September 19, 1980) and
Executive Order (E.O.) 12866 (``Regulatory Planning and Review,''
September 30, 1993), which require the publication by the Department of
a semiannual agenda of regulations. E.O. 12866 also requires the
publication by the Department of a regulatory plan for fiscal year
2004.
FOR FURTHER INFORMATION CONTACT: The Agency Contact identified in the
item relating to that regulation.
SUPPLEMENTARY INFORMATION: On November 25, 2002, the President signed
the Homeland Security Act of 2002 (the Act), establishing the
Department of Homeland Security (DHS). The Act transferred the U.S.
Customs Service from the Department of the Treasury to the DHS, where
it is now known as the Bureau of Customs and Border Protection.
Notwithstanding the transfer of the Customs Service to DHS, the Act
provides that the Secretary of the Treasury retains sole legal
authority over the customs revenue functions, and authorizes the
Secretary to delegate any of this retained authority to the Secretary
of Homeland Security. By Treasury Department Order No. 100-16, the
Secretary of the Treasury delegated to the Secretary of Homeland
Security authority to prescribe regulations pertaining to the customs
revenue functions. This Order further provided that the Secretary of
the Treasury retained the sole authority to approve any such
regulations concerning import quotas or trade bans; user fees; marking
and labeling; copyright and trademark enforcement; and the completion
of entry or substance of entry summary, including duty assessment and
collection, classification, valuation, application of the U.S.
Harmonized Schedules, eligibility or requirements for preferential
trade programs, and the establishment of recordkeeping requirements.
Accordingly, these regulations are now listed in the semiannual
regulatory agenda of the Departmental Offices of the Department of the
Treasury.
     The semiannual agenda and The Regulatory Plan of the
Department of the Treasury conform to the Unified Agenda format
developed by the Regulatory Information Service Center (RISC).
     For this edition of Treasury's regulatory agenda, one
regulation of the Alcohol and Tobacco Tax and Trade Bureau is
included in The Regulatory Plan, which appears in part II of this
issue of the Federal Register. This entry in The Regulatory Plan 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: October 28, 2003.
 Richard S. Carro,
Senior Advisor to the General Counsel for Regulatory Affairs.
                                    Departmental Offices--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2513        12 CFR 1805 Community Development Financial Institutions (CDFI) Program; Reporting      1505--AA93
            Requirements........................................................................
2514        17 CFR 403.4 Amendments to the Government Securities Act Regulations: Customer          1505--AA94
            Protection--Reserves and Custody of Securities......................................
2515        Amendments to the Government Securities Act Regulations: Exemption for Holdings         1505--AB06
            Subject to Fiduciary Standards......................................................
2516        Terrorism Risk Insurance Program; Initial Claims Procedure Requirements.............    1505--AB07
2517        Terrorism Risk Insurance Program; Litigation Management.............................    1505--AB08
2518        Terrorism Risk Insurance Program; Additional Claims Issues..........................    1505--AB09
2519        Textiles and Textile Products Subject to Textile Trade Agreements...................    1505--AB13
2520        Liquidation; Extension; Suspension..................................................    1505--AB14
2521        19 CFR 12 Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and         1505--AB15
            Music Videos of Live Musical Performances...........................................
2522        19 CFR 111 Remote Location Filing...................................................    1505--AB20
2523        Merchandise Processing Fees Eligible to be Claimed as Certain Types of Drawback         1505--AB44
            Based on Substitution of Finished Petroleum Derivatives.............................
----------------------------------------------------------------------------------------------------------------
                                     Departmental Offices--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2524        31 CFR 19 Common Rule Suspension and Debarment......................................    1505--AA86
2525        31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations:      1505--AA95
            Publication of Economic Sanctions Enforcement Guidelines............................
2526        31 CFR 1.8 to 1.12 Disclosure of Records in Litigation..............................    1505--AA97
2527        19 CFR 4 Harbor Maintenance Fee.....................................................    1505--AB11
[[Page 73363]]
2528        Donated Cargo Exemption From Harbor Maintenance Fee.................................    1505--AB12
2529        19 CFR 181 North American Free Trade Agreement (NAFTA)--Implementation of Duty--        1505--AB17
            Deferral Program Provisions.........................................................
2530        Country--of--Origin Marking.........................................................    1505--AB21
2531        19 CFR 4 User and Navigation Fees; Other Reimbursable Charges.......................    1505--AB24
2532        19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences..    1505--AB26
2533        Expanded Weekly Entry Procedure for Foreign Trade Zones.............................    1505--AB27
2534        19 CFR 10 United States--Caribbean Basin Trade Partnership Act and Caribbean Basin      1505--AB28
            Initiative..........................................................................
2535        19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge    1505--AB29
2536        19 CFR 12 Dog and Cat Protection Act................................................    1505--AB31
2537        19 CFR 10 Prototypes Used Solely For Product Development, Testing, Evaluation, or       1505--AB32
            Quality Control Purposes............................................................
2538        19 CFR 10 Preferential Treatment of Brassieres Under the United States--Caribbean       1505--AB33
            Basin Trade Partnership Act.........................................................
2539        19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on            1505--AB34
            Multiple Conveyances................................................................
2540        19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act.....    1505--AB37
2541        Trade Benefits Under the African Growth and Opportunity Act.........................    1505--AB38
2542        19 CFR 24 Fees for Customs Processing at Express Courier Facilities.................    1505--AB39
2543        Trade Benefits Under the Caribbean Basin Economic Recovery Act......................    1505--AB40
2544        Tariff Treatment Related to Disassembly Operations Under the North American Free        1505--AB41
            Trade Agreement (NAFTA).............................................................
2545        Refund of Duties Paid on Imports of Certain Wool Products...........................    1505--AB43
----------------------------------------------------------------------------------------------------------------
                                    Departmental Offices--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2546        31 CFR ch II Possible Regulation of Access to Accounts at Financial Institutions        1505--AA74
            Through Payment Service Providers...................................................
2547        Financial Activities of Financial Subsidiaries......................................    1505--AA80
2548        Financial Subsidiaries..............................................................    1505--AA81
2549        12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage....................    1505--AA84
2550        12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature.....    1505--AA85
2551        31 CFR 5 Treasury Debt Collection...................................................    1505--AA90
2552        12 CFR 1806 Bank Enterprise Award (BEA) Program.....................................    1505--AA91
2553        12 CFR 1805 Community Development Financial Institutions (CDFI) Program.............    1505--AA92
2554        Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for      1505--AB10
            Insured Losses......................................................................
2555        19 CFR 142 Reconciliation...........................................................    1505--AB16
2556        19 CFR 12 Entry of Softwood Lumber Shipments From Canada............................    1505--AB18
2557        Expanded Methods of Payment of Duties, Taxes, Interest, and Fees....................    1505--AB22
2558        Entry of Softwood Lumber Shipments From Canada......................................    1505--AB23
2559        19 CFR 142 Requirements for Future Customs Transactions When Payment To Customs on      1505--AB25
            Prior Transactions is Delinquent and/or Dishonored..................................
----------------------------------------------------------------------------------------------------------------
                                     Departmental Offices--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2560        48 CFR ch 10 Department of the Treasury Acquisition Regulation......................    1505--AA89
2561        31 CFR 50 Terrorism Risk Insurance Program; Program Scope and Definitions...........    1505--AA96
2562        31 CFR 50 Terrorism Risk Insurance Program; Disclosures and Mandatory Availability      1505--AA98
            Requirements........................................................................
2563        31 CFR 50 Terrorism Risk Insurance Program; State Residual Market Insurance Entities    1505--AA99
2564        Customs Entry Documentation Pursuant to Anticounterfeiting Consumer Protection Act..    1505--AB19
2565        19 CFR 24 User Fees.................................................................    1505--AB30
2566        Civil Fines For Importation of Merchandise Bearing a Counterfeit Mark...............    1505--AB35
2567        Manufacturing Substitution Drawback--Duty Apportionment.............................    1505--AB36
2568        Preferential Treatment of Brassieres Under the Caribbean Basin Economic Recovery Act    1505--AB42
2569        Import Restrictions Imposed on Archaeological Material from Cambodia................    1505--AB45
[[Page 73364]]
2570        Extension of Emergency Import Restrictions Imposed on Ethnological Material from        1505--AB46
            Cyprus..............................................................................
----------------------------------------------------------------------------------------------------------------
                               Financial Crimes Enforcement Network--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2571        Customer Identification Programs for Pawn Brokers...................................    1506--AA39
----------------------------------------------------------------------------------------------------------------
                            Financial Crimes Enforcement Network--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2572        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To    1506--AA08
            Assess Civil Money Penalties on Depository Institutions.............................
2573        31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Requirement That          1506--AA28
            Financial Institutions Establish Anti--Money Laundering Programs....................
2574        Customer Identification Programs for Travel Agents..................................    1506--AA38
2575        Customer Identification Programs for Loan and Finance Companies.....................    1506--AA40
2576        Customer Identification Programs for Sellers of Vehicles............................    1506--AA41
----------------------------------------------------------------------------------------------------------------
                             Financial Crimes Enforcement Network--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2577        31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of         1506--AA15
            Cross--Border Transportation of Certain Monetary Instruments........................
2578        31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the           1506--AA23
            Requirement To Report Transactions in Currency......................................
2579        31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement that           1506--AA25
            Nonfinancial Trades or Businesses Report Certain Currency Transactions..............
2580        31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and        1506--AA29
            Private Banking Accounts............................................................
2581        31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and    1506--AA31
            Credit Unions.......................................................................
2582        31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy       1506--AA36
            Act Regulations Requirement That Insurance Companies Report Suspicious Transactions.
2583        31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations--Requirement That Mutual    1506--AA37
            Funds Report Suspicious Transactions................................................
2584        31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru..........    1506--AA43
2585        31 CFR 103.56 Financial Crimes Enforcement Network; Delegation of Enforcement           1506--AA45
            Authority Regarding the Foreign Bank Account Report Requirements....................
2586        Financial Crimes Enforcement; Amendments to the Bank Secrecy Act Regulations--          1506--AA61
            Nomenclature Changes................................................................
----------------------------------------------------------------------------------------------------------------
                            Financial Crimes Enforcement Network--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2587        31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and        1506--AA19
            Recordkeeping Requirements--Money Services Businesses (MSBs)........................
----------------------------------------------------------------------------------------------------------------
[[Page 73365]]
                             Financial Crimes Enforcement Network--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2588        31 CFR 103.122 Customer Identification Program for Broker--Dealers..................    1506--AA32
2589        31 CFR 103.131 Customer Identification Program for Mutual Funds.....................    1506--AA33
2590        31 CFR 103.11 Requirement That Futures Commission Merchants and Introducing Brokers     1506--AA44
            in Commodities Report Suspicious Transactions.......................................
2591        Financial Crimes Enforcement Network; Freedom of Information Act, Privacy Act of        1506--AA62
            1974--Implementation................................................................
----------------------------------------------------------------------------------------------------------------
                                Financial Management Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2592        31 CFR 245 Claims on Account of Treasury Checks.....................................    1510--AA51
2593        31 CFR 206 Management of Federal Agency Receipts and Disbursements; Operation of the    1510--AA86
            Cash Management Improvement Fund....................................................
2594        31 CFR 215 Withholding of District of Columbia, State, City, and County Income, or      1510--AA90
            Employment Taxes by Federal Agencies................................................
----------------------------------------------------------------------------------------------------------------
                                 Financial Management Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2595        31 CFR 240 Indorsement and Payment of Checks Drawn on the U.S. Treasury.............    1510--AA45
2596        31 CFR 281 Foreign Exchange Operations..............................................    1510--AA48
2597        31 CFR 256 Payments Under Judgment and Private Relief Acts..........................    1510--AA52
2598        31 CFR 285.5 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit      1510--AA65
            Payments) To Collect Past--Due, Legally Enforceable Nontax Debt.....................
2599        31 CFR 285.7 Salary Offset..........................................................    1510--AA70
2600        31 CFR 285.8 Offset of Tax Refund Payment To Collect State Income Tax Obligations...    1510--AA78
2601        31 CFR 203 Payment of Federal Taxes and the Treasury Tax and Loan Program...........    1510--AA79
2602        31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments.........    1510--AA91
2603        Federal Government Participation in the Automated Clearing House (ACH)..............    1510--AA98
----------------------------------------------------------------------------------------------------------------
                                Financial Management Service--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2604        31 CFR 285.6 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit      1510--AA66
            Payments) To Collect Past--Due Debts Owed to States (Other Than Child Support)......
2605        31 CFR 285.14 Public Dissemination of Identity of Delinquent Debtors................    1510--AA72
2606        31 CFR 223 Surety Bond Reimbursement Fund...........................................    1510--AA85
2607        Payment of Federal Taxes and the Treasury Tax and Loan Program......................    1510--AA96
2608        Federal Government Participation in the Automated Clearing House (ACH)..............    1510--AA97
----------------------------------------------------------------------------------------------------------------
                                 Financial Management Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2609        31 CFR 210 2003 Automated Clearing House (ACH) Rules................................    1510--AA89
----------------------------------------------------------------------------------------------------------------
[[Page 73366]]
                          Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2610        27 CFR 7 Revision of Brewery Regulations and Issuance of Regulations for Taverns on     1513--AA02
            Brewery Premises (Brewpubs) (Reg Plan Seq No. 99)...................................
2611        27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for            1513--AA07
            Distilled Spirits and Wine..........................................................
2612        27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars...................    1513--AA16
2613        27 CFR 9 Petition To Establish the ``Santa Barbara Highlands'' Viticultural Area....    1513--AA24
2614        27 CFR 44 Regulatory Changes From Customs Service Final Rule........................    1513--AA26
2615        27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment    1513--AA27
            of Tax..............................................................................
2616        27 CFR 9 Petition To Establish the ``Trinity Lake'' Viticultural Area...............    1513--AA29
2617        27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area...    1513--AA41
2618        27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines............    1513--AA42
2619        27 CFR 40 Marks, Labels, Notices and Bonds for, and Removal of, Tobacco Products,       1513--AA49
            and Cigarette Papers and Tubes......................................................
2620        27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural     1513--AA51
            Area................................................................................
2621        27 CFR 40 In--Transit Stops of Tobacco Products, and Cigarette Papers and Tubes         1513--AA52
            Without Payment of Tax..............................................................
2622        27 CFR 9 Petition To Establish ``Snake River Valley'' as a New Viticultural Area....    1513--AA53
2623        27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area..................    1513--AA54
2624        27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary               1513--AA55
            Realignment/Expansion...............................................................
2625        27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural    1513--AA57
            Area................................................................................
2626        27 CFR 9 Petition To Establish ``Ribbon Ridge'' as a New American Viticultural Area.    1513--AA58
2627        27 CFR 9 Petition To Establish ``Yamhill--Carlton District'' as a New American          1513--AA59
            Viticultural Area...................................................................
2628        Petition To Establish the ``Fort Ross Seaview'' Viticultural Area...................    1513--AA64
2629        Petition To Establish the ``Alexander Mountain'' Viticultural Area..................    1513--AA65
2630        27 CFR 9 Petition To Establish ``Grand Lake O' the Cherokees'' as a New American        1513--AA66
            Viticultural Area...................................................................
2631        Petition No. 2 To Expand the Russian River Valley Viticultural Area.................    1513--AA67
2632        Petition To Establish the ``Salado Creek'' Viticultural Area........................    1513--AA69
2633        Petition To Establish the ``Shawnee Hills'' Viticultural Area.......................    1513--AA70
2634        Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco           1513--AA72
            Viticultural Area...................................................................
2635        Petition To Establish ``Southern Oregon'' as a Viticultural Area....................    1513--AA75
2636        Petition To Establish ``Texoma'' as a Viticultural Area.............................    1513--AA77
2637        Evidence of Exportation for Distilled Spirits; Use of Alternative Documentation.....    1513--AA78
2638        Petition To Establish the ``High Valley'' Viticultural Area.........................    1513--AA79
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in part II of this issue of the Federal Register.
                           Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2639        Exportation of Liquors: Recodification of Regulations: Administrative Changes Due to    1513--AA76
            the Homeland Security Act of 2002...................................................
2640        27 CFR 275 Implementation of Public Law 105--33, Section 9302, Requiring the            1513--AA10
            Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments...
2641        27 CFR 7 Flavored Malt Beverages and Related Proposals..............................    1513--AA12
2642        27 CFR 275 Tobacco Products and Cigarette Papers and Tubes Shipped from Puerto Rico     1513--AA17
            to the United States................................................................
2643        27 CFR 270 Elimination of Statistical Classes for Large Cigars......................    1513--AA18
2644        27 CFR 41 Importation of Tobacco Products and Cigarette Papers and Tubes;               1513--AA20
            Recodification of Regulations.......................................................
2645        27 CFR 24 Production of Dried Fruit and Honey Wines.................................    1513--AA21
2646        27 CFR 9 Proposed ``San Bernabe'' Viticultural Area.................................    1513--AA28
2647        27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape            1513--AA32
            Varieties...........................................................................
2648        27 CFR 9 Petition To Establish ``Red Hills Lake County'' American Viticultural Area.    1513--AA33
2649        27 CFR 9 Petition To Establish ``Bennett Valley'' as an American Viticultural Area..    1513--AA36
2650        27 CFR 9 Petition for the Establishment of ``Red Hill'' as an American Viticultural     1513--AA39
            Area................................................................................
2651        27 CFR 9 Petition To Change the Temecula Viticultural Area's Name to Temecula Valley    1513--AA40
2652        27 CFR 9 Petition To Establish ``Alexandria Lakes'' as a New American Viticultural      1513--AA45
            Area................................................................................
2653        27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages............    1513--AA46
2654        27 CFR 9 Petition To Establish ``Oak Knoll District'' as a New American Viticultural    1513--AA48
            Area................................................................................
2655        27 CFR 9 Petition To Establish ``Dundee Hills'' as a New American Viticultural Area.    1513--AA50
2656        27 CFR 7 Labeling and Advertising of Malt Beverages.................................    1513--AA60
[[Page 73367]]
2657        Electronic Signatures; Electronic Submission of Forms to TTB........................    1513--AA61
2658        Petition To Establish ``McMinnville'' as an American Viticultural Area in Oregon....    1513--AA63
2659        Petition No. 1 To Expand the Russian River Valley Viticultural Area.................    1513--AA68
2660        Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the         1513--AA80
            Homeland Security Act of 2002.......................................................
----------------------------------------------------------------------------------------------------------------
                          Alcohol and Tobacco Tax and Trade Bureau--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2661        27 CFR 252 Exportation of Liquors...................................................    1513--AA00
2662        27 CFR 7 Alcoholic Content Labeling for Malt Beverages..............................    1513--AA01
2663        27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104--188.......    1513--AA05
2664        27 CFR 24.66 Implementation of Public Law 105--34, Section 1416, Relating to Refund     1513--AA06
            of Tax for Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer
            Relief Act of 1997).................................................................
2665        27 CFR 4 Amended Standard of Identity for Sherry....................................    1513--AA08
2666        Sake Regulations....................................................................    1513--AA11
2667        27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and    1513--AA14
            Tubes Imported or Brought into the United States....................................
2668        27 CFR 4.32(d) Removal of Requirement To Disclose Saccharin in the Labeling of Wine,    1513--AA15
            Distilled Spirits, and Malt Beverages...............................................
2669        27 CFR 31 Liquor Dealers; Recodification of Regulations.............................    1513--AA19
2670        27 CFR 19, subpart W Proposed Revisions to the Distilled Spirits Plant Regulations..    1513--AA23
2671        27 CFR 9 Petition To Establish ``Seneca Lake'' as an American Viticultural Area.....    1513--AA34
2672        27 CFR 17 Tax--Paid Distilled Spirits Used in Manufacturing Products Unfit for          1513--AA37
            Beverage Use........................................................................
2673        27 CFR 9 Petition To Establish ``Columbia Gorge'' as a New American Viticultural        1513--AA43
            Area................................................................................
2674        31 CFR 8 Eliminate Requirement To Enroll To Practice Before the Bureau..............    1513--AA62
----------------------------------------------------------------------------------------------------------------
                           Alcohol and Tobacco Tax and Trade Bureau--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2675        27 CFR 4 Amelioration of Fruit and Agricultural Wines; Technical Amendments.........    1513--AA30
2676        27 CFR 45 Removal of Tobacco Products and Cigarette Papers and Tubes Without Payment    1513--AA38
            of Tax for Use in the United States.................................................
2677        27 CFR 9 Petition To Establish ``Upper Arroyo Grande'' as a New American                1513--AA56
            Viticultural Area...................................................................
----------------------------------------------------------------------------------------------------------------
                                   Comptroller of the Currency--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2678        Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the         1557--AC80
            Gramm--Leach--Bliley Act............................................................
----------------------------------------------------------------------------------------------------------------
                                Comptroller of the Currency--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2679        12 CFR 19 Maintenance of Records....................................................    1557--AB99
2680        12 CFR 30 Interagency Guidelines Establishing Standards for Safety and Soundness....    1557--AC08
2681        12 CFR 5 Rules, Policies, and Procedures for Corporate Activities...................    1557--AC11
2682        Risk--Based Capital; Capital Adequacy Guidelines; Capital Maintenance: Asset--Backed    1557--AC77
            Commercial Paper Programs and Early Amortization Provisions.........................
[[Page 73368]]
2683        Rules, Policies, and Procedures for Corporate Activities; Licensing Procedures......    1557--AC79
----------------------------------------------------------------------------------------------------------------
                                  Comptroller of the Currency--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2684        12 CFR 3 Capital Rules..............................................................    1557--AB14
2685        12 CFR 5 Rules, Policies, and Procedures for Corporate Activities and Bank              1557--AB97
            Activities and Operations...........................................................
2686        12 CFR 28 International Banking Activities..........................................    1557--AC04
2687        12 CFR 11 Reporting and Disclosure Requirements for National Banks With Securities      1557--AC12
            Registered Under the Securities Exchange Act of 1934; Securities Offering Disclosure
            Rules...............................................................................
2688        12 CFR 5 Rules, Policies, and Procedures for Corporate Activities (Electronic           1557--AC13
            Filings)............................................................................
2689        12 CFR 7 Bank Activities and Operations; Real Estate Lending and Appraisals.........    1557--AC73
2690        Electronic Filing and Disclosure of Beneficial Ownership Reports....................    1557--AC75
2691        Risk--Based Capital; Capital Adequacy Guidelines; Capital Maintenance: Interim          1557--AC76
            Capital Treatment of Consolidated Asset--Backed Commercial Paper Program Assets.....
2692        Bank Activities and Operations......................................................    1557--AC78
----------------------------------------------------------------------------------------------------------------
                                 Comptroller of the Currency--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2693        Rules and Procedures for Claims Against OCC--Appointed Receiverships for Uninsured      1557--AB59
            Financial Institutions..............................................................
2694        Fair Credit Reporting Regulations...................................................    1557--AB78
2695        Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer         1557--AB93
            Registration........................................................................
2696        12 CFR 25 Community Reinvestment Act Regulation.....................................    1557--AB98
----------------------------------------------------------------------------------------------------------------
                                 Comptroller of the Currency--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2697        31 CFR 103 Customer Identification Programs for Banks, Savings Associations, and        1557--AC06
            Certain Nonfederally Regulated Banks................................................
2698        12 CFR 24 Community and Economic Development Entities, Community Development            1557--AC09
            Projects, and Other Public Welfare Investments (12 CFR Part 24).....................
2699        12 CFR 19 Removal, Suspension, and Debarment of Independent Accountants From            1557--AC10
            Performing Audit Services...........................................................
----------------------------------------------------------------------------------------------------------------
                                     Internal Revenue Service--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2700        Hand Carrying Returns (Temporary)...................................................    1545--BB45
2701        Corporate Reorganizations; Continuity--Transfers of Assets or Stock Following a         1545--BB81
            Reorganization (Temporary)..........................................................
2702        Guidance Regarding Mark--to--Market Valuation for Certain Securities................    1545--BB90
2703        New Markets Tax Credit Amendments (Temporary).......................................    1545--BC02
2704        Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions            1545--BC24
            Involving Related Parties, Pass--Through Entities, or Other Intermediaries..........
2705        Substitute for Return (SFR) and Automated Substitute for Return (ASFR) (Temporary)..    1545--BC46
2706        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated    1545--BC77
            Group (Temporary)...................................................................
----------------------------------------------------------------------------------------------------------------
[[Page 73369]]
                                  Internal Revenue Service--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2707        Foreign Insurance Companies.........................................................    1545--AL82
2708        Outbound Transfers of Property to Foreign Corporations..............................    1545--AM97
2709        Foreign Insurance Company--Domestic Election........................................    1545--AO25
2710        Fringe Benefit Sourcing Under Section 861...........................................    1545--AO72
2711        Taxation of Global Trading..........................................................    1545--AP01
2712        Information Reporting and Record Maintenance........................................    1545--AP10
2713        Integrated Financial Transaction....................................................    1545--AR20
2714        Source Rules for Payments Made Pursuant to Certain Swap Arrangements................    1545--AU89
2715        Foreign Tax Credit Anti--Abuse Regulation...........................................    1545--AV97
2716        Transportation of Persons and Property by Air.......................................    1545--AW19
2717        Capital Gain Guidance Relating to CRTs..............................................    1545--AW35
2718        Constructive Sales of Appreciated Financial Positions...............................    1545--AW97
2719        Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income,      1545--AX02
            and Related Foreign Base Company Shipping Income....................................
2720        Definition of Accounting Method.....................................................    1545--AX21
2721        Awarding of Costs and Certain Fees..................................................    1545--AX46
2722        Highly Compensated Employee.........................................................    1545--AX48
2723        Modification to Section 367(a) Stock Transfer Regulations...........................    1545--AX77
2724        Clarification of Foreign--Based Company Sales Income Rules..........................    1545--AX91
2725        Like--Kind Exchanges................................................................    1545--AX95
2726        Guidance on Changes to the Laws for Corporate Estimated Taxes.......................    1545--AY22
2727        Withholding Tax on Foreign Partners' Share of Effectively Connected Income..........    1545--AY28
2728        Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding    1545--AY30
            Companies (FPHCs)...................................................................
2729        Allocation of Income and Deductions from Intangibles................................    1545--AY38
2730        Dollar--Value LIFO..................................................................    1545--AY39
2731        Previously Taxed Earnings and Profits Under Subpart F...............................    1545--AY54
2732        Disclosure of Returns and Return Information in Judicial and Administrative Tax         1545--AY89
            Proceedings.........................................................................
2733        Payments For Interest in Partnership................................................    1545--AY90
2734        Allocation and Apportionment of Interest Expense; Tax Book Value Disparities........    1545--BA02
2735        Transactions Involving Obligations of Consolidated Group Members....................    1545--BA11
2736        Deductibility of Employer Contributions for Deferred Compensation...................    1545--BA13
2737        Continuation of a Consolidated Group................................................    1545--BA14
2738        Property Exempt from Levy...........................................................    1545--BA22
2739        Gasoline Tax Claims.................................................................    1545--BA27
2740        Suspension of Statutes of Limitation in John Doe and Third--Party Summons Disputes,     1545--BA31
            and Expansion of Taxpayers' Rights To Receive Notice and Seek Judicial Review of
            Third Party Summonses...............................................................
2741        Income From Sources Within Specified Possession.....................................    1545--BA37
2742        Treatment of Certain Obligation--Shifting Transactions..............................    1545--BA41
2743        Multifamily Housing Bonds...........................................................    1545--BA45
2744        Modification of Check the Box Regulations (Temporary)...............................    1545--BA58
2745        Modification of Check the Box Regulations...........................................    1545--BA59
2746        Abatement of Interest on Large Erroneous Refunds....................................    1545--BA61
2747        Allocation and Apportionment Rules: Guidance on Selected Issues.....................    1545--BA64
2748        Provisions Regarding Cross--Border Transactions.....................................    1545--BA65
2749        Circular 230--Tax Shelter Amendments................................................    1545--BA70
2750        Circular 230--Phase 2 Nonshelter Revisions..........................................    1545--BA72
2751        Allocation of New Markets Tax Credit................................................    1545--BA84
2752        Transfer of Notes or Stock To Provide for Satisfaction of Contested Liabilities.....    1545--BA90
2753        Guidance To Facilitate Electronic Tax Administration................................    1545--BA96
2754        Timely Mailing Treatment............................................................    1545--BA99
2755        Hand Carry Returns..................................................................    1545--BB00
2756        Allocation of Foreign Tax Credits Among Partners....................................    1545--BB11
2757        Distributions of Property...........................................................    1545--BB12
2758        Cost Sharing........................................................................    1545--BB26
2759        Application of Separate Limitations to Dividends From Noncontrolled Section 902         1545--BB28
            Corporation.........................................................................
2760        Amending the Low--Income Housing Tax Credit Program.................................    1545--BB37
2761        Administrative Simplification of 481(a) Adjustment Periods in Various Regulations...    1545--BB47
2762        Election Out Generation--Skipping Transfer Tax (GST) Deemed Allocations.............    1545--BB54
2763        Substitute Dividend Payments in Securities Lending and Similar Transactions.........    1545--BB56
[[Page 73370]]
2764        Deemed IRAs in Qualified Retirement Plans...........................................    1545--BB58
2765        Deemed IRAs in Qualified Retirement Plans (Temporary)...............................    1545--BB59
2766        Information Reporting Relating to Taxable Stock Transactions........................    1545--BB60
2767        Loss Limitation Rules--G U Repeal...................................................    1545--BB61
2768        Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under      1545--BB64
            Section 403(b)......................................................................
2769        Installment Obligations.............................................................    1545--BB65
2770        Liquidation of an Interest..........................................................    1545--BB71
2771        Qualified Interests.................................................................    1545--BB72
2772        Collected Excise Taxes; Duties of Collector.........................................    1545--BB75
2773        Collected Excise Taxes; Duties of Collector (Temporary).............................    1545--BB76
2774        Application of Nondiscrimination Cross--Testing Rules to Cash Balance Plans.........    1545--BB79
2775        Corporate Reorganizations; Continuity--Transfers of Assets or Stock Following a         1545--BB80
            Reorganization......................................................................
2776        Notional Principal Contracts; Contingent Nonperiodic Payments.......................    1545--BB82
2777        REMIC Residuals--Timing of Income for Foreign Holders...............................    1545--BB84
2778        Transferor or Transferee as a Predecessor or Successor..............................    1545--BB85
2779        Dependent Care Credit...............................................................    1545--BB86
2780        Partnership Equity for Services.....................................................    1545--BB92
2781        Determination of Single--Sum Distributions From Cash Balance Plans..................    1545--BB93
2782        Accrual for Certain REMIC Regular Interests.........................................    1545--BB94
2783        New Markets Tax Credit Amendments...................................................    1545--BC03
2784        Tax Exempt Bond Partnership Reporting Regulation....................................    1545--BC04
2785        Determination of Basis of a Single Class of Stock or Securities Received in Exchange    1545--BC05
            for a Single Class of Stock or Securities in a Tax--Free Exchanges..................
2786        General Allocation and Accounting Regulations.......................................    1545--BC07
2787        Entry of Taxable Fuel...............................................................    1545--BC08
2788        Timing and Modification of the Section 59(e) Election...............................    1545--BC13
2789        Guidance Necessary To Facilitate Business Electronic Filing.........................    1545--BC15
2790        Changes in Computing Depreciation...................................................    1545--BC18
2791        Value of Life Insurance When Distributed From a Qualified Retirement Plan...........    1545--BC20
2792        Utility Allowance Regulation Update.................................................    1545--BC22
2793        Special Consolidated Return Rules for Interest Expense Disallowed Under Section         1545--BC23
            265(a)(2)...........................................................................
2794        EGTRRA Changes to Protected Retirement Benefits.....................................    1545--BC26
2795        Single Determination of Tax for Multiple Pools of Assets of an S Corporation........    1545--BC29
2796        Deemed Corporate Election for Electing S Corporations...............................    1545--BC32
2797        Substitute for Return (SFR) and Automated Substitute for Return (ASFR)..............    1545--BC45
2798        Additional Guidance Regarding Mark--to--Market Accounting for Traders in Securities     1545--BC48
            and/or Commodities, Including Foreign Currency Instruments..........................
2799        Qualified Severance Regulations.....................................................    1545--BC50
2800        Stewardship Expenses................................................................    1545--BC52
2801        Removal of Section 6152 Regulations.................................................    1545--BC53
2802        Guarantee Fees Under Section 143(g).................................................    1545--BC59
2803        Predeceased Parent Rule.............................................................    1545--BC60
2804        Qualified Zone Academy Bonds........................................................    1545--BC61
2805        Guidance Necessary To Facilitate Business Electronic Filing (Temporary).............    1545--BC62
2806        Guidance Under Section 707 Regarding Disguised Sales................................    1545--BC63
2807        Partnership Transactions Involving Partner's Stock..................................    1545--BC64
2808        Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items..    1545--BC65
2809        LIFO Recapture Under Section 1362(d)................................................    1545--BC66
2810        Qualified Zone Academy Bonds (Temporary)............................................    1545--BC68
2811        Section 179 Elections...............................................................    1545--BC69
2812        Real Estate Mortgage Investment Conduit (REMIC) Tetra Rules.........................    1545--BC71
2813        Collection after Assessment.........................................................    1545--BC72
2814        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated    1545--BC74
            Group...............................................................................
2815        Confidential Transactions...........................................................    1545--BC75
2816        Confidential Transactions (Temporary)...............................................    1545--BC76
----------------------------------------------------------------------------------------------------------------
[[Page 73371]]
                                   Internal Revenue Service--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2817        Foreign Corporations................................................................    1545--AK74
2818        Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign         1545--AK79
            Investment in Real Property Tax Act.................................................
2819        Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on          1545--AM12
            Branch Remittances..................................................................
2820        Earnings Stripping Payments.........................................................    1545--AO24
2821        Registration Required Obligations...................................................    1545--AP33
2822        Interest--Free Adjustments..........................................................    1545--AQ61
2823        Definition of ``Highly Compensated Employee''.......................................    1545--AQ74
2824        Escrow Funds and Other Similar Funds................................................    1545--AR82
2825        Mark--to--Market Upon Disposition...................................................    1545--AS85
2826        Straddles----Miscellaneous Issues...................................................    1545--AT46
2827        Recomputation of Life Insurance Reserves............................................    1545--AU49
2828        Definition of Private Activity Bond--Refunding Regulations..........................    1545--AU98
2829        Return of Levied Property in Certain Cases..........................................    1545--AV01
2830        Electronic Transmission of Withholding Certificates.................................    1545--AV27
2831        Interest on Education Loans.........................................................    1545--AW01
2832        Mark--to--Market Accounting for Dealers in Commodities and Traders in Securities and    1545--AW06
            Commodities.........................................................................
2833        Intercompany Obligations............................................................    1545--AW30
2834        Reporting of Payments to Attorney...................................................    1545--AW72
2835        Qualified Offers....................................................................    1545--AW99
2836        Delay Rental Payments...............................................................    1545--AX06
2837        Guidance on Cost Recovery in the Entertainment Industry.............................    1545--AX12
2838        Cash or Deferred Arrangements.......................................................    1545--AX26
2839        Cash or Deferred Arrangements (Temporary)...........................................    1545--AX43
2840        Stock Transfer Rules--Carryover of Earnings and Taxes...............................    1545--AX65
2841        Allocation and Apportionment of Interest Expense and Certain Other Expenses.........    1545--AX72
2842        HIPAA Portability...................................................................    1545--AX84
2843        Application of Separate Foreign Tax Credit Limitations..............................    1545--AX88
2844        Capitalization of Interest and Carrying Charges Properly Allocable to Straddles.....    1545--AX92
2845        Assumption of Partnership Liabilities...............................................    1545--AX93
2846        Definition of Income................................................................    1545--AX96
2847        Electing Mark--to--Market for Marketable Stock of a PFIC............................    1545--AY17
2848        Authorized Placement Agency.........................................................    1545--AY18
2849        Information Reporting on Cancellation of Indebtedness...............................    1545--AY35
2850        Election--Asset Acquisitions of Insurance Companies.................................    1545--AY49
2851        Electronic Furnishing of Payee Statements...........................................    1545--AY50
2852        Tax Treatment of Cafeteria Plans....................................................    1545--AY67
2853        Low--Income Taxpayer Clinics........................................................    1545--AY84
2854        New Market Tax Credit...............................................................    1545--AY87
2855        Definition of Agent and Safeguard Certifications....................................    1545--AY94
2856        Tax Shelter Penalties...............................................................    1545--AY97
2857        Expenditures in Connection with the Creation of Intangible Assets...................    1545--BA00
2858        Mergers Involving Disregarded Entities..............................................    1545--BA06
2859        Reductions of Accruals and Allocations Because of Increased Age.....................    1545--BA10
2860        Application of the Federal Insurance Contributions Act, Federal Unemployment Tax        1545--BA26
            Act, and Collection of Income Tax at Source to Statutory Stock Options..............
2861        Amendment to the Definition of Refunding............................................    1545--BA46
2862        Loss Limitation Rules...............................................................    1545--BA52
2863        Noncompensatory Partnership Options.................................................    1545--BA53
2864        Required Distributions from Retirement Plans........................................    1545--BA60
2865        Carryback of Consolidated Net Operating Losses to Separate Return Years.............    1545--BA73
2866        Statutory Options...................................................................    1545--BA75
2867        Disclosure of Relative Value of Distribution Forms..................................    1545--BA78
2868        Partnership Transactions Involving Long--Term Contracts.............................    1545--BA81
2869        Reporting Requirements for Widely Held Fixed Investment Trusts......................    1545--BA83
2870        Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens................    1545--BA86
2871        Aggregate Computation and Allocation of Research Credit.............................    1545--BA88
2872        Reduced Exclusion of Gain From Sale or Exchange of Principal Residence..............    1545--BB01
2873        Change in Use; Accelerated Cost Recovery System.....................................    1545--BB05
[[Page 73372]]
2874        Capital Account Bookup..............................................................    1545--BB10
2875        Structured Settlement Factoring Transactions........................................    1545--BB14
2876        Testimony Authorizations and Requests for IRS Information...........................    1545--BB15
2877        Toll Telephone Service--Definition..................................................    1545--BB18
2878        Authorization for IRS To Charge Fees For Copying Exempt Organization Returns........    1545--BB21
2879        Extension of Time for Filing Returns................................................    1545--BB29
2880        Investment Adjustment Rules and Waiver of Loss Carryovers From SRLY Years--Amended..    1545--BB38
2881        Amendment to Section 6724 Relating to Failure To File Correct Information Returns...    1545--BB41
2882        Limitation on Use of Nonaccrual Experience Method of Accounting.....................    1545--BB43
2883        Advance Rentals.....................................................................    1545--BB44
2884        Special Depreciation Allowance......................................................    1545--BB57
2885        Use of Government Depositaries in Connection With Tax Under the Federal Unemployment    1545--BB66
            Tax Act.............................................................................
2886        Availability of Section 338(h)(10) Election in Multistep Transactions...............    1545--BB68
2887        Real Estate Mortgage Investment Conduits (REMICs); Application of Section 446 With      1545--BB73
            Respect to Inducement Fees..........................................................
2888        Guidance on Life Insurance and Annuity Contracts....................................    1545--BB77
2889        Assumption of Partnership Liabilities (Temporary)...................................    1545--BB83
2890        Distributions of Loss Corporation Stock by Qualified Plans..........................    1545--BC00
2891        Transfers of Nonstatutory Stock Options to Related Persons..........................    1545--BC06
2892        Notarization Requirement for Statements of Purchase.................................    1545--BC11
2893        Contingent at Closing Escrows.......................................................    1545--BC16
2894        Changes in Computing Depreciation (Temporary).......................................    1545--BC17
2895        Like--Kind Exchanges Under Section 168 (Temporary)..................................    1545--BC27
2896        Preservation of Stock Basis.........................................................    1545--BC28
2897        Elimination of Forms of Distribution in Defined Contribution Plans..................    1545--BC35
2898        Depreciation of Vans and Light Trucks...............................................    1545--BC36
2899        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated    1545--BC38
            Group...............................................................................
2900        Remedial Actions for Tax Exempt Bonds...............................................    1545--BC40
----------------------------------------------------------------------------------------------------------------
                                  Internal Revenue Service--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2901        Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax    1545--AC09
            and Civil Penalties for Failure To File.............................................
2902        Income Tax--Definition of Qualified Possession Source Investment Income for Purposes    1545--AC10
            of Puerto Rico and Possession Tax Credit............................................
2903        FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other     1545--AI16
            Special Rules for FSC...............................................................
2904        Information From Passport and Immigration Applicants................................    1545--AJ93
2905        Income of Foreign Governments and International Organizations.......................    1545--AL93
2906        Clarification of Treatment of Separate Limitation Losses............................    1545--AM11
2907        Earnings and Profits of Controlled Foreign Corporations.............................    1545--AM90
2908        Caribbean Basin Investments.........................................................    1545--AM91
2909        Consolidated Alternative Minimum Tax................................................    1545--AN73
2910        Conforming Taxable Years of CFCs and FPHCs..........................................    1545--AO22
2911        Charitable Contributions............................................................    1545--AP30
2912        Guidance in Notice 89--37, Which Treats the Receipt of a Corporate Partner's Stock      1545--AP52
            by the Corporate Partner as a Circumvention of General Utilities Repeal.............
2913        Use of GAAP Earnings as E&P of Foreign Corporations.................................    1545--AQ55
2914        The Treatment of Accelerated Death Benefits.........................................    1545--AQ70
2915        Foreign Trusts Regulations..........................................................    1545--AR25
2916        Treatment of Dual Consolidated Losses...............................................    1545--AR26
2917        Allocation of Accrued Benefits Between Employer and Employee Contributions..........    1545--AT82
2918        Foreign Corporations Regulations....................................................    1545--AT96
2919        Application of Grantor Trust Rules to Nonexempt Employees' Trust....................    1545--AU29
2920        Application of Attribution Rules to Foreign Trusts..................................    1545--AU91
2921        Financial Asset Securitization Investment Trust (FASIT) Start--up; Operational and      1545--AU94
            Transitional Rules..................................................................
[[Page 73373]]
2922        Agreements for Payment of Tax Liabilities in Installments...........................    1545--AU97
2923        Substantiating Travel Expense Deductions for Members of Congress....................    1545--AV55
2924        Stocks and Securities Safe Harbor Exception.........................................    1545--AW13
2925        Contingent Debt Instrument..........................................................    1545--AW33
2926        Source of Income From Certain Space and Ocean Activities and for Communications         1545--AW50
            Income..............................................................................
2927        Highway Vehicle--Definition.........................................................    1545--AX10
2928        Guaranteed Investment Contracts.....................................................    1545--AX22
2929        Inspection of Written Determinations................................................    1545--AX40
2930        Definition of Passive Foreign Investment Company Under Section 1297.................    1545--AX78
2931        Active Conduct of an Insurance Business Under PFIC Rules............................    1545--AY20
2932        HIPAA General Nondiscrimination.....................................................    1545--AY32
2933        HIPAA Nondiscrimination Exception for Church Plans..................................    1545--AY33
2934        HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs...................    1545--AY34
2935        Special Rules Relating to Transfers of Intangibles to Foreign Corporations..........    1545--AY41
2936        Recognition of Gain on Certain Distributions of Stock or Securities in Connection       1545--AY42
            with an Acquisition.................................................................
2937        Special Rules for S Corporations....................................................    1545--AY44
2938        Normal Retirement Age for Pension Plans.............................................    1545--AY61
2939        Liabilities Assumed in Certain Corporate Transactions...............................    1545--AY74
2940        Normalization.......................................................................    1545--AY75
2941        Research Credit III.................................................................    1545--AY82
2942        Transitional Relief for Qualified Intermediaries....................................    1545--AY92
2943        Consolidated Returns; Nonapplicability of Section 357(c)............................    1545--BA09
2944        Procurement/Purchasing Card Reporting...............................................    1545--BA17
2945        Interest Other Than That of a Creditor..............................................    1545--BA69
2946        Redemptions Treated as Dividends....................................................    1545--BA80
2947        Carryover and Stacking Rule Amendment...............................................    1545--BA85
2948        Designated IRS Officer or Employee..................................................    1545--BA89
2949        Tax Book Value Disparities..........................................................    1545--BA92
2950        Earnings and Profits Attribution Principles.........................................    1545--BA93
2951        Communications Excise Tax; Taxable Communication Services...........................    1545--BB04
2952        Investigative Disclosures...........................................................    1545--BB16
2953        Mixed Use Output Facilities.........................................................    1545--BB23
2954        Duplicative Tax Benefits............................................................    1545--BB25
2955        Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year...    1545--BB27
2956        Treatment of Services Under Section 482.............................................    1545--BB31
2957        Preparer Penalties--Signature Requirement and Copies of Returns.....................    1545--BB34
2958        Safe Harbor Leasing Second Interest Capitalization..................................    1545--BB62
2959        Safe Harbor Leasing Second Interest Capitalization (Temporary)......................    1545--BB63
2960        Use of Government Depositaries in Connection With Tax Under the Federal Unemployment    1545--BB67
            Tax Act (Temporary).................................................................
2961        Statutory Options (Temporary).......................................................    1545--BB69
2962        Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and       1545--BB96
            Opportunity for Hearing Upon Filing of Notice of Lien...............................
2963        Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings         1545--BB97
            Before Levy.........................................................................
2964        Computation of Tax Attributes.......................................................    1545--BB98
2965        Prohibited Allocation of Securities in an S Corporation.............................    1545--BC34
2966        Guidance on PFIC Purging Elections..................................................    1545--BC37
2967        Guidance on PFIC Purging Elections (Temporary)......................................    1545--BC49
2968        Coordination of United States and Certain Possessions Income Taxes..................    1545--BC54
2969        Suspension of Running of Period of Limitation During a Proceeding To Enforce or         1545--BC55
            Quash a Designated or Related Summons...............................................
2970        Guidance Under Section 2053 Regarding Post--Death Events............................    1545--BC56
2971        Section 1045 Application to Partnerships............................................    1545--BC67
----------------------------------------------------------------------------------------------------------------
[[Page 73374]]
                                   Internal Revenue Service--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
2972        Golden Parachute Payments...........................................................    1545--AH49
2973        Railroad Unemployment Repayment Tax.................................................    1545--AN40
2974        Treatment of Obligation--Shifting Transactions......................................    1545--AU19
2975        Guidance Under Subpart F Relating to Certain Hybrid Transactions....................    1545--AW63
2976        Allocation of Research Credit.......................................................    1545--AX05
2977        Straddles--One Side Larger Than the Other...........................................    1545--AX16
2978        Allocating Basis Adjustments........................................................    1545--AX18
2979        Special Rules for Retroactive Payments Under Section 417(a)(7)(A) for Qualified         1545--AX34
            Retirement Plans....................................................................
2980        Changes in Entity Classification: Special Rule for Certain Foreign Eligible Entities    1545--AX39
2981        Compensation Deferred Under Eligible Section 457(b) Plans...........................    1545--AX52
2982        Definition of ``Private Activity Bonds'' Allocation and Accounting Regulations......    1545--AX55
2983        Disclosure of Return and Return Information to Designee of Taxpayer.................    1545--AX85
2984        Investment Type Property (Prepayment)...............................................    1545--AY12
2985        Use of Taxpayer Identifying Numbers.................................................    1545--AY24
2986        Dual Consolidated Loss Recapture Events.............................................    1545--AY27
2987        Modified Guaranteed Contracts.......................................................    1545--AY48
2988        Qualified S Election for Testamentary Trusts........................................    1545--AY76
2989        Treatment of Community Income for Certain Individuals Not Filing Joint Returns......    1545--AY83
2990        Charitable Lead Interest............................................................    1545--AY86
2991        Net Gift Treatment..................................................................    1545--AY91
2992        Receipt of Multiple Notices with Respect to Incorrect Taxpayer Identification           1545--BA18
            Numbers.............................................................................
2993        Catch--Up Contributions for Individuals Aged 50 or Over.............................    1545--BA24
2994        Amendments to Rules for Allocation of Basis.........................................    1545--BA32
2995        Earned Income Credit................................................................    1545--BA34
2996        Split--Dollar Life Insurance........................................................    1545--BA44
2997        Treatment of Funded Welfare Benefit Plans...........................................    1545--BA47
2998        User Fees for Offers To Compromise..................................................    1545--BA54
2999        Compensatory Stock Options Under Section 482........................................    1545--BA57
3000        Controlled Foreign Partnership Reporting............................................    1545--BA77
3001        Foreign Corporations--Treatment of Distributions or Liquidations....................    1545--BA79
3002        Earnings Calculation for Returned or Recharacterized Contributions..................    1545--BA82
3003        Transfer of Notes or Stock To Provide for Satisfaction of Contested Liabilities         1545--BA91
            (Temporary).........................................................................
3004        Generation--Skipping Transfer Tax Relief Provisions.................................    1545--BA94
3005        Employment Taxes--Failure--to--Deposit Penalty......................................    1545--BA97
3006        Depreciation of Vans and Light Trucks (Temporary)...................................    1545--BB06
3007        Disclosure of Reportable Transactions...............................................    1545--BB07
3008        Registration of Reportable Transactions.............................................    1545--BB08
3009        List Maintenance Requirement for Reportable Transactions............................    1545--BB09
3010        Investigative Disclosures (Temporary)...............................................    1545--BB17
3011        Substantiation of Incidental Expenses...............................................    1545--BB20
3012        Authorization for IRS To Charge Fees For Copying Exempt Organization Returns            1545--BB22
            (Temporary).........................................................................
3013        Exclusions from Gross Income of Foreign Corporations................................    1545--BB30
3014        Fractional Parts of a Dollar........................................................    1545--BB35
3015        Investment Adjustment Rules and Waiver of Loss Carryovers From SRLY Years--Amended      1545--BB39
            (Temporary).........................................................................
3016        Fractional Parts of a Dollar (Temporary)............................................    1545--BB42
3017        Update to Section 6081 Regulations (Temporary)......................................    1545--BB55
3018        Real Estate Mortgage Investment Conduits; Application of Section 446 With Respect to    1545--BB74
            Inducement Fees (Temporary).........................................................
3019        Availability of Section 338(h)(10) Election in Multistep Transactions (Temporary)...    1545--BB78
3020        Guidance Under Section 368 Regarding Restricted Stock...............................    1545--BB87
3021        Disclosure of Return Information to the Department of Agriculture (Temporary).......    1545--BB91
3022        Distributions of Loss Corporation Stock by Qualified Plans (Temporary)..............    1545--BB99
3023        Tax Exempt Bond Partnership Reporting Regulation (Temporary)........................    1545--BC01
3024        Other Assessable Penalties with Respect to the Preparation of Income Tax Returns for    1545--BC12
            Other Persons.......................................................................
3025        Special Depreciation Allowance (Temporary)..........................................    1545--BC19
3026        Transfers of Compensatory Options to Related Persons................................    1545--BC21
3027        Limitation on Use of the Nonaccrual Experience Method of Accounting.................    1545--BC31
3028        Prohibited Allocation of Securities in an S Corporation (Temporary).................    1545--BC33
3029        Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated    1545--BC39
            Group (Temporary)...................................................................
[[Page 73375]]
3030        Reduction of Tax Attributes Due to Discharge of Indebtedness (Temporary)............    1545--BC47
----------------------------------------------------------------------------------------------------------------
                                   Office of Thrift Supervision--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3031        Risk--Based Capital Guidelines; Implementation of New Basel Capital Accord..........    1550--AB56
----------------------------------------------------------------------------------------------------------------
                                Office of Thrift Supervision--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3032        Risk--Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance:       1550--AB81
            Asset--Backed Commercial Paper Programs and Early Amortization Provisions...........
----------------------------------------------------------------------------------------------------------------
                                 Office of Thrift Supervision--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3033        Risk--Based Capital Guidelines; Capital Guidelines; Capital Maintenance: Interim        1550--AB79
            Capital Treatment of Consolidated Asset--Backed Commercial Paper Program Assets.....
----------------------------------------------------------------------------------------------------------------
                                Office of Thrift Supervision--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3034        12 CFR 571 Fair Credit Reporting....................................................    1550--AB33
3035        12 CFR 563e Community Reinvestment Act..............................................    1550--AB48
----------------------------------------------------------------------------------------------------------------
                                 Office of Thrift Supervision--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
3036        12 CFR 567 Capital Rules............................................................    1550--AB11
3037        12 CFR 545 Directors and Officers...................................................    1550--AB19
3038        12 CFR 513 Removal, Suspension, and Debarment of Accountants from Performing Audit      1550--AB53
            Services............................................................................
3039        12 CFR 545 Federal Savings Associations--Operations, Agency Offices; Fiduciary          1550--AB80
            Powers of Savings Associations......................................................
3040        Customer Identification Programs for Banks, Savings Associations, and Certain           1550--AB82
            Nonfederally Regulated Banks........................................................
3041        12 CFR 506 Savings Associations--Operations; Transactions with Affiliates...........    1550--AB84
3042        Regulatory Reporting Standards: Qualifications for Independent Public Accounts          1550--AB85
            Performing Audit Services for Voluntary Audit Filers................................
----------------------------------------------------------------------------------------------------------------
[[Page 73376]]
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2513. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM;
REPORTING REQUIREMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 4703; 12 USC 4703 note; 12 USC 4717; 31 USC 321
CFR Citation: 12 CFR 1805
Legal Deadline: None
Abstract: We are proposing changes to require entities certified by us
as Community Development Financial Institutions (CDFIs) to submit
reports that we may from time to time require to enable us to better:
1) evaluate the impact of the CDFI Program; and 2) monitor such
entities' continued eligibility as certified CDFIs. We are also
proposing to give the Fund the discretion to decertify a certified CDFI
that does not timely submit such required reports.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/04
NPRM Comment Period End         06/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jeffrey C. Berg, Legal Counsel, Department of the
Treasury, Suite 200 South, Community Development Financial Institutions
Fund, 601 13th Street NW., Washington, DC 20005
Phone: 202 622--8530
Fax: 202 622--8244
Email: bergj@cdfi.treas.gov
RIN: 1505-AA93
_______________________________________________________________________
2514. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: CUSTOMER
PROTECTION--RESERVES AND CUSTODY OF SECURITIES
Priority: Substantive, Nonsignificant
Legal Authority: 15 USC 78o--5(b)(1)(A); 15 USC 78o--5(b)(4)
CFR Citation: 17 CFR 403.4
Legal Deadline: None
Abstract: The proposal would allow for the expansion of the categories
of collateral registered government securities brokers and dealers may
pledge when borrowing fully paid or excess margin securities from
customers. This proposal is a conforming technical amendment to the
Government Securities Act regulations. It is based on the Securities
and Exchange Commission's revisions to its customer protection
requirements for brokers and dealers subject to the requirements of 17
CFR 240.15c3--3(b)(3).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/00/03
NPRM Comment Period End         12/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Lori Santamorena, Executive Director, Department of the
Treasury, Room 315, Room 315, Government Securities Regulations Staff,
999 E Street NW., Washington, DC 20239
Phone: 202 691--3632
Fax: 202 219--3639
Email: govsecreg@bpd.treas.gov
Kevin Hawkins, Government Securities Specialist, Department of the
Treasury, Room 315, Room 315, Government Securities Regulations Staff,
999 E Street NW., Washington, DC 20239
Phone: 202 691--3632
Fax: 202 219--3639
Email: govsecreg@bpd.treas.gov
RIN: 1505-AA94
_______________________________________________________________________
2515. [bull] AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS:
EXEMPTION FOR HOLDINGS SUBJECT TO FIDUCIARY STANDARDS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 15 USC 78o--5(b)(1)(A); 15 USC 78o--5(b)(4); 15 USC
78o--5(b)(5); 31 USC 3121; 31 USC 9110; . . .
CFR Citation: 17 CFR 450.3
Legal Deadline: None
Abstract: The proposed rule would amend the Government Securities Act
regulations applicable to custodial holdings of Government securities
by depository institutions. Specifically, this proposal would expand
the eligibility for the exemption for holdings subject to fiduciary
standards at 17 CFR part 450.3 to include savings associations examined
by the Office of Thrift Supervision. The exemption is currently
available to depository institutions that meet its conditions regulated
by the Federal Deposit Insurance Corporation, the Comptroller of the
Currency, and the Board of Governors of the Federal Reserve System.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/00/03
NPRM Comment Period End         12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Deidere R. Brewer, Government Securities Specialist,
Department of the Treasury, Room 315, Government Securities Regulations
Staff, 999 E Street NW., Washington, DC 20239
Phone: 202 691--3632
Fax: 202 219--3639
Email: govsecreg@bpd.treas.gov
Lori Santamorena, Executive Director, Department of the Treasury, Room
315, Room 315, Government Securities Regulations Staff, 999 E Street
NW., Washington, DC 20239
Phone: 202 691--3632
Fax: 202 219--3639
Email: govsecreg@bpd.treas.gov
Kurt Eidemiller, Senior Financial Advisor, Department of the Treasury,
Room 315, Government Securities Regulations Staff, 999 E Street NW.,
Washington, DC 20239
Phone: 202 691--3632
Fax: 202 219--3639
Email: govsecreg@bpd.treas.gov
RIN: 1505-AB06
_______________________________________________________________________
2516. [bull] TERRORISM RISK INSURANCE PROGRAM; INITIAL CLAIMS PROCEDURE
REQUIREMENTS
Priority: Other Significant
Legal Authority: Terrorism Risk Insurance Act, title 1, PL 107--297,
116 Stat 2322; 15 USC 6701 note; 5 USC 301
CFR Citation: 31 CFR 50
Legal Deadline: None
Abstract: As the statutorily authorized administrator of the Terrorism
Risk
[[Page 73377]]
Insurance Program, Treasury is issuing proposed and final regulations
to implement the Program. Under the Terrorism Risk Insurance Act, title
I, Public Law 107--297, and the Program, the Federal Government shares
the risk of insured losses from certified acts of terrorism with
commercial property and casualty insurers until the Program sunsets on
December 31, 2005. This rule incorporates and clarifies statutory
conditions for filing claims for payment of the Federal share of
compensation for insured losses under the Program. The rule addresses
requirements for loss certification, specifies information needed in
conjunction with insurer submissions for Federal compensation, offers
guidance on the statutory definition of what is payable as the federal
share of insured losses, and sets forth requirements for investigating
and auditing claims under the Program. The rule generally builds upon
previous interim guidances and final rules issued by Treasury,
particularly in areas involving definitions and disclosure
requirements.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
NPRM Comment Period End         01/00/04
Final Rule                      02/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Howard Leikin, Senior Insurance Advisor, Department of
the Treasury, Office of Financial Institutions, Terrorism Risk
Insurance Program, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622--6770
RIN: 1505-AB07
_______________________________________________________________________
2517. [bull] TERRORISM RISK INSURANCE PROGRAM; LITIGATION MANAGEMENT
Priority: Other Significant. Major status under 5 USC 801 is
undetermined.
Legal Authority: Terrorism Risk Insurance Act, title 1, PL 107--297,
116 Stat 2322; 15 USC 6701 note; 5 USC 301
CFR Citation: 31 CFR 50
Legal Deadline: None
Abstract: As the statutorily authorized administrator of the Terrorism
Risk Insurance Program, Treasury is issuing proposed and final
regulations to implement the Program. Under the Terrorism Risk
Insurance Act, title I, Public Law 107--297, and the Program, the
Federal Government shares the risk of insured losses from certified
acts of terrorism with commercial property and casualty insurers until
the Program sunsets on December 31, 2005. This rule implements the
litigation management provisions of section 107 of the Act as well as
other litigation relating to the Program.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
NPRM Comment Period End         01/00/04
Final Rule                      02/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Howard Leikin, Senior Insurance Advisor, Department of
the Treasury, Office of Financial Institutions, Terrorism Risk
Insurance Program, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622--6770
RIN: 1505-AB08
_______________________________________________________________________
2518. [bull] TERRORISM RISK INSURANCE PROGRAM; ADDITIONAL CLAIMS ISSUES
Priority: Other Significant. Major status under 5 USC 801 is
undetermined.
Legal Authority: Terrorism Risk Insurance Act, title 1, PL 107--297,
116 Stat 2322; 15 USC 6701 note; 5 USC 301
CFR Citation: 31 CFR 50
Legal Deadline: None
Abstract: As the statutorily authorized administrator of the Terrorism
Risk Insurance Program, Treasury is issuing proposed and final
regulations to implement the Program. Under the Terrorism Risk
Insurance Act, title I, Public Law 107--297, and the Program, the
Federal Government shares the risk of insured losses from certified
acts of terrorism with commercial property and casualty insurers until
the Program sunsets on December 31, 2005. This rule provides
requirements for claims procedures related to the later stages of
claims administration and final netting of losses as well as secondary
issues such as procedures in case of insurer insolvency.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/00/04
NPRM Comment Period End         02/00/04
Final Rule                      04/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Howard Leikin, Senior Insurance Advisor, Department of
the Treasury, Office of Financial Institutions, Terrorism Risk
Insurance Program, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622--6770
RIN: 1505-AB09
_______________________________________________________________________
2519. TEXTILES AND TEXTILE PRODUCTS SUBJECT TO TEXTILE TRADE AGREEMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 7 USC
1854
CFR Citation: 19 CFR 12
Legal Deadline: None
Abstract: Amendment to the country of origin standards and documentary
requirements applicable to textiles and textile products subject to
section 204 of the Agricultural Act of 1956. Amendment involves
simplification of regulatory text, has no substantive effect on the
U.S. textile import program as administered by the Bureau of Customs
and Border Protection, and is intended to ensure that the wording of
the Customs Regulations is consistent with the product coverage of
section 204.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AB54
Agency Contact: Dick Crichton, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
[[Page 73378]]
Phone: 202 927--0162
RIN: 1505-AB13
_______________________________________________________________________
2520. LIQUIDATION; EXTENSION; SUSPENSION
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1500; 19 USC 1504; 19 USC 1624
CFR Citation: 19 CFR 159
Legal Deadline: None
Abstract: Document would amend the Customs Regulations to implement
amendments to section 504 of the Tariff Act of 1930, as amended, which
pertains to limitations on the liquidation of entries that were
contained in the Customs Modernization provisions of the North American
Free Trade Agreement Implementation Act. Amendments would allow the
reconciliation of entries to be treated as if they were entry
summaries, subject to normal liquidation requirements; authorize the
electronic transmittal of notices of extension and suspension of
liquidation; extend the time period in which the Bureau of Customs and
Border Protection must liquidate a suspended entry after the suspension
is removed; remove the application of the four--year limitation to
suspended entries; and provide that the agency must also inform
sureties when an entry is suspended or extended.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AB66
Agency Contact: William G. Rosoff, Chief, Duty Refund and Determination
Branch, Department of the Treasury, Office of Regulations and Rulings,
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8807
RIN: 1505-AB14
_______________________________________________________________________
2521. DETENTION, SEIZURE, AND FORFEITURE OF ``BOOTLEG'' SOUND RECORDING
AND MUSIC VIDEOS OF LIVE MUSICAL PERFORMANCES
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 17 USC 602; 17 USC 603; 31 USC 9701; 19 USC
66; 19 USC 1202; 19 USC 58a; 19 USC 58b; 19 USC 58c; 19 USC 66; 17 USC
101; 17 USC 601
CFR Citation: 19 CFR 12; 19 CFR 24; 19 CFR 133
Legal Deadline: None
Abstract: Amendment to provide for the detention, seizure, and
forfeiture of unauthorized (bootleg) copies of sound recordings and
music videos of live musical performances recorded outside of and
imported into the United States, as provided by section 513(a) of the
Uruguay Round Agreements Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AB74
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
RIN: 1505-AB15
_______________________________________________________________________
2522. REMOTE LOCATION FILING
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1484; 19 USC 1624; 19
USC 1641
CFR Citation: 19 CFR 111; 19 CFR 113; 19 CFR 141; 19 CFR 143
Legal Deadline: None
Abstract: Amendment to allow entry filers to electronically file
entries of merchandise with the Bureau of Customs and Border Protection
from locations within the United States other than at the port of
arrival of the merchandise or the location of examination of the
merchandise.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AC23
Agency Contact: Lisa Santana, Import Specialist, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 927--4342
RIN: 1505-AB20
_______________________________________________________________________
2523. [bull] MERCHANDISE PROCESSING FEES ELIGIBLE TO BE CLAIMED AS
CERTAIN TYPES OF DRAWBACK BASED ON SUBSTITUTION OF FINISHED PETROLEUM
DERIVATIVES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1313; 19 USC
1624
CFR Citation: 19 CFR 191
Legal Deadline: None
Abstract: Amendment to provide that merchandise processing fees are
eligible to be claimed, in limited circumstances, as drawback based on
substitution of finished petroleum derivatives. Amendment is consistent
with a court decision in which merchandise processing fees were found
to be eligible to be claimed as unused merchandise drawback. As
drawback based on substitution of finished petroleum derivatives is, in
limited circumstances, treated in the same manner as unused merchandise
drawback, the amendment reflects that merchandise processing fees are
also eligible to be claimed as drawback in these circumstances.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/02/03                    68 FR 56804
NPRM Comment Period End         12/01/03
Final Action                    04/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AD32
Agency Contact: William G. Rosoff, Chief, Duty Refund and Determination
[[Page 73379]]
Branch, Department of the Treasury, Office of Regulations and Rulings,
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8807
RIN: 1505-AB44
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Departmental Offices (DO)
_______________________________________________________________________
2524. COMMON RULE SUSPENSION AND DEBARMENT
Priority: Substantive, Nonsignificant
Legal Authority: 41 USC 701
CFR Citation: 31 CFR 19; 31 CFR 20
Legal Deadline: None
Abstract: The common rule provides uniform requirements for debarment
and suspension by executive branch agencies to protect assistance,
loans, benefits and other nonprocurement activities from waste, fraud,
abuse and poor performance, similar to the system used for Federal
procurement activities under subpart 9.4 of the Federal Acquisition
Regulation.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              11/26/03                    68 FR 66605
Interim Final Rule Comment
Period End                      01/26/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Brian Lee, Department of the Treasury, Metropolitan
Square Room 6212, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622--0808
Fax: 202 622--2318
RIN: 1505-AA86
_______________________________________________________________________
2525. 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 Rule                      12/00/03
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
_______________________________________________________________________
2526. DISCLOSURE OF RECORDS IN LITIGATION
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 31 USC 321
CFR Citation: 31 CFR 1.8 to 1.12
Legal Deadline: None
Abstract: This interim final rule amends Treasury's regulations that
govern access to information and records in connection with legal
proceedings, including litigation in which neither the United States
nor the Department of the Treasury is a party. The amendments elaborate
on the procedures used when determining whether employees in the
Departmental Offices will be permitted to testify or provide records
relating to their official duties when they are directly subpoenaed or
otherwise requested to testify. The amendments also specify and clarify
the criteria that Treasury officials use when deciding whether to allow
an employee to testify or provide records.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              03/17/03                    68 FR 12584
Interim Final Rule Effective    03/17/03
Interim Final Rule Comment
Period End                      04/16/03
Final Rule                      12/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Thomas M. McGivern, Assistant General Counsel,
Department of the Treasury, Room 3010, 1500 Pennsylvania Avenue NW.,
Washington, DC 20220
Phone: 202 622--2317
Fax: 202 622--2961
Email: tom.mcgivern@do.treas.gov
RIN: 1505-AA97
_______________________________________________________________________
2527. HARBOR MAINTENANCE FEE
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; PL 99--662; 19 USC 66; 19 USC 81a to 81u;
19 USC 623; 19 USC 1202; 19 USC 1624; 31 USC 9701; PL 99--272; PL 99--
509
CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 146; 19 CFR 178
Legal Deadline: Final, Statutory, April 1, 1987, Final.
Abstract: Amendments to the Customs Regulations to implement provisions
of the Water Resources Development Act of 1986, which authorizes the
Bureau of Customs and Border Protection to assess a harbor maintenance
fee of 0.125 percent (.00125) on the value of commercial cargo loaded
on or unloaded from a commercial vessel at a port unless specifically
exempted from the fee. Proceeds of the fee are deposited in a trust
fund for the U.S. Army Corps of Engineers to use for the
[[Page 73380]]
improvement and maintenance of U.S. ports and harbors.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    04/00/04
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
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AA57
Agency Contact: Deborah Thompson, Accountant, Department of the
Treasury, Accounts Receivable Branch, Office of Finance, Indianapolis,
IN 46278
Phone: 317 298--1200
RIN: 1505-AB11
_______________________________________________________________________
2528. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 19 USC 58a; 19 USC 66; 19 USC 1202; 19 USC
1624; 31 USC 9701; 19 USC 58b; 19 USC 58c
CFR Citation: 19 CFR 24
Legal Deadline: None
Abstract: Amends interim Customs Regulations relating to harbor
maintenance fees. The interim regulations established a shipping fee
for transporting cargo on specified U.S. waterways. The Act was amended
to include an exemption for nonprofit organizations or cooperatives,
which own or finance cargo determined by the Bureau of Customs and
Border Protection to be intended for use in humanitarian or development
assistance overseas. This amendment sets forth the applicability and
terms of this exemption.
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                    04/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AA87
Agency Contact: Deborah Thompson, Accountant, Department of the
Treasury, Accounts Receivable Branch, Office of Finance, Indianapolis,
IN 46278
Phone: 317 298--1200
RIN: 1505-AB12
_______________________________________________________________________
2529. NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)--IMPLEMENTATION OF
DUTY--DEFERRAL PROGRAM PROVISIONS
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1481; 19 USC 1484; 19
USC 1202; 19 USC 1315; 19 USC 1624; 19 USC 3314
CFR Citation: 19 CFR 181; 19 CFR 113; 19 CFR 141; 19 CFR 144; 19 CFR 10
Legal Deadline: Final, Statutory, January 1, 1996, Final.
Abstract: Document amends regulations to establish procedural and other
requirements that apply to the collection, waiver, and reduction of
duties under the duty--deferral program provisions of the North
American Free Trade Agreement (NAFTA). The document prescribes the
documentary and other requirements that must be followed when
merchandise is withdrawn from a U.S. duty--deferral program, either for
exportation to another NAFTA country or for entry into a duty--deferral
program of another NAFTA country, the procedures that must be followed
in filing a claim for a waiver or reduction of duties collected on such
merchandise, and the procedures for finalization of duty collections
and duty waiver or reduction claims.
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                    06/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AB87
Agency Contact: Shawn Filion, Commercial Program Specialist, Department
of the Treasury, Office of Field Operations, North Star Commercial,
P.O. Box 400, Buffalo, NY 14225
Phone: 716 551--3053
RIN: 1505-AB17
_______________________________________________________________________
2530. 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 Customs 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                    05/00/04
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
Kristen VerSteeg, Attorney--Advisor, Special Classification and Marking
Branch, Department of the Treasury, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 572--8832
RIN: 1505-AB21
_______________________________________________________________________
2531. 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;
[[Page 73381]]
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                    01/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AC63
Agency Contact: Kimberly Nott, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 927--0042
RIN: 1505-AB24
_______________________________________________________________________
2532. 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, Final.
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 Effective    10/01/00
Interim Final Rule              10/05/00                    65 FR 59668
Interim Final Rule Comment
Period End                      12/04/00
Final Action                    03/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AC72
Agency Contact: Leon Hayward, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 927--3271
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-AB26
_______________________________________________________________________
2533. EXPANDED WEEKLY ENTRY PROCEDURE FOR FOREIGN TRADE ZONES
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 81a to 81u; 19 USC 1202; 19 USC
1484i; 19 USC 1623; 19 USC 1624
CFR Citation: 19 CFR 146
Legal Deadline: None
Abstract: Amendment in conformance with the Trade and Development Act
of 2000 to expand the weekly entry procedure for foreign trade zones to
include merchandise involved in activities other than exclusively
assembly--line production operations. Under the expanded weekly
procedure, weekly entries covering estimated removals of merchandise
from a foreign trade zone for any seven--day period and the associated
entry summaries will have to be filed exclusively through the Automated
Broker Interface, with duties, fees, and taxes being scheduled for
payment through the Automated Clearinghouse.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/25/02                    67 FR 48594
NPRM Comment Period End         09/23/02
Final Action                    03/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AC74
Agency Contact: Debbie Scott, Chief, Entry and Drawback Management,
Department of the Treasury, Office of Field Operations, 1300
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927--1962
RIN: 1505-AB27
_______________________________________________________________________
2534. 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, Final.
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.
[[Page 73382]]
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                    03/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AC76
Agency Contact: Craig Walker, Senior Attorney--Advisor, Department of
the Treasury, Special Classification and Marking Branch, 1300
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8810
Leon Hayward, Operations Officer, Department of the Treasury, Office of
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927--3271
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
_______________________________________________________________________
2535. 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                    01/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AC77
Agency Contact: Dennis Lomax, Accountant, Department of the Treasury,
Accounting Services Division, Office of Finance, Indianapolis, IN 46278
Phone: 317 298--1200
RIN: 1505-AB29
_______________________________________________________________________
2536. 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, Final.
Abstract: Amendment to implement certain provisions of the Dog and Cat
Protection Act of 2000. The Dog and Cat Protection Act of 2000
prohibits the importation of any products containing dog or cat fur,
and provides for civil and criminal penalties for violations of the
Act. Amendment sets forth the prohibitions on dog and cat fur
importations and the penalties for violations. Amendment also
implements the provision of the Act pertaining to customs certification
process of commercial laboratories, both domestic and foreign, that can
determine if articles intended to be imported into the United States
contain dog or cat fur.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/10/01                    66 FR 42163
NPRM Comment Period End         10/09/01
Final Action                    05/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AC87
Agency Contact: Jeremy Baskin, Attorney--Advisor, Penalties Branch,
Department of the Treasury, Office of Regulations and Rulings, 1300
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8753
Luan Cotter, Operations Officer, Department of the Treasury, Office of
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927--1249
Renee Stevens, Science Officer, Department of the Treasury, Office of
Laboratories and Scientific Services, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 927--0941
RIN: 1505-AB31
_______________________________________________________________________
2537. PROTOTYPES USED SOLELY FOR PRODUCT DEVELOPMENT, TESTING,
EVALUATION, OR QUALITY CONTROL PURPOSES
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; PL 106--
476
CFR Citation: 19 CFR 10; 19 CFR 163
Legal Deadline: Final, Statutory, September 9, 2001, Final.
Abstract: Amendment to establish rules and procedures under the Product
Development and Testing Act of 2000 (PDTA). The purpose of the PDTA is
to promote product development and testing in the United States by
allowing the duty--free entry of articles, commonly referred to as
prototypes, that are to be used exclusively in product development,
testing, evaluation, and quality control. Amendments set forth the
procedures for both the identification of those prototypes properly
entitled to duty--free entry, as well as the permissible sale of such
prototypes, following use in the United States, as scrap, waste, or for
recycling.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/08/02                    67 FR 10636
NPRM Comment Period End         04/08/02
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
[[Page 73383]]
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AC88
Agency Contact: Lisa Santana, Import Specialist, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 927--4342
RIN: 1505-AB32
_______________________________________________________________________
2538. PREFERENTIAL TREATMENT OF BRASSIERES UNDER THE UNITED STATES--
CARIBBEAN BASIN TRADE PARTNERSHIP 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; 19 CFR 163
Legal Deadline: Final, Statutory, October 1, 2001, Final.
Abstract: Amendment to implement those provisions within the United
States--Caribbean Basin Trade Partnership Act (the CBTPA) that
establish standards for preferential treatment for brassieres imported
from CBTPA beneficiary countries. The amendments involve specifically
the methods, procedures, and related standards that will apply for
purposes of determining compliance with the 75 percent aggregate U.S.
fabric components content requirement under the CBTPA brassieres
provision.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              10/04/01                    66 FR 50534
Interim Final Rule Effective    10/04/01
Correction                      10/11/01                    66 FR 51864
Interim Final Rule Comment
Period End                      12/03/01
Final Action                    07/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AC89
Agency Contact: Dick Crichton, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 927--0162
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-AB33
_______________________________________________________________________
2539. 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, Final.
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                    04/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AC94
Agency Contact: Gina Grier, Attorney, Entry Procedures and Carriers
Branch, Department of the Treasury, Office of Regulations and Rulings,
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8730
Robert E. Watt, Program Officer, Department of the Treasury, Office of
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 927--0279
RIN: 1505-AB34
_______________________________________________________________________
2540. 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                    03/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AD19
Agency Contact: Craig Walker, Senior Attorney--Advisor, Department of
the Treasury, Special Classification and Marking Branch, 1300
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8810
Leon Hayward, Operations Officer, Department of the Treasury, Office of
Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229
[[Page 73384]]
Phone: 202 927--3271
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: 202 927--1959
RIN: 1505-AB37
_______________________________________________________________________
2541. TRADE BENEFITS UNDER THE AFRICAN GROWTH AND OPPORTUNITY ACT
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19
USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC
3721; 19 USC 3314
CFR Citation: 19 CFR 10
Legal Deadline: None
Abstract: Amendment to those provisions of the Customs Regulations that
implement the trade benefit provisions for sub--Saharan African
countries contained in the African Growth and Opportunity Act (the
AGOA). Amendments involve the textile and apparel provisions of the
AGOA and in part reflect changes to those statutory provisions by
section 3108 of the Trade Act of 2002. The specific statutory changes
involve the amendment of several provisions to clarify the status of
apparel articles assembled from knit--to--shape components, the
inclusion of a specific reference to apparel articles formed on
seamless knitting machines, a change of the wool fiber diameter
specified in one provision, and the addition of a new provision to
cover additional production scenarios involving the United States and
AGOA beneficiary countries.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              03/21/03                    68 FR 13820
Interim Final Rule Effective    03/21/03
Interim Final Rule Comment
Period End                      05/20/03
Final Action                    03/00/04
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: 202 927--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
_______________________________________________________________________
2542. 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. 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. 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              01/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AD21
Agency Contact: Joseph Lanzante, Operations Officer, Department of the
Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,
Washington, DC 20229
Phone: 202 927--5246
RIN: 1505-AB39
_______________________________________________________________________
2543. 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                    03/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
[[Page 73385]]
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: 202 927--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
_______________________________________________________________________
2544. TARIFF TREATMENT RELATED TO DISASSEMBLY OPERATIONS UNDER THE NORTH
AMERICAN FREE TRADE AGREEMENT (NAFTA)
Priority: Substantive, Nonsignificant
Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 3314
CFR Citation: 19 CFR 181
Legal Deadline: None
Abstract: Amendment to amend the Customs Regulations concerning the
North American Free Trade Agreement (NAFTA) to allow components that
are recovered from the disassembly of used goods in a NAFTA country to
be entitled to NAFTA originating status when imported into the United
States, provided that: the recovered components satisfy the applicable
NAFTA rules of origin requirements; and where the applicable rule of
origin does not include a regional value content requirement, the
components are subject to further processing in the NAFTA country
beyond certain minor operations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/13/03                    68 FR 12011
NPRM Comment Period End         05/12/03
Final Action                    06/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AD23
Agency Contact: Edward M. Leigh, 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--8827
RIN: 1505-AB41
_______________________________________________________________________
2545. REFUND OF DUTIES PAID ON IMPORTS OF CERTAIN WOOL PRODUCTS
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
CFR Citation: 19 CFR 10
Legal Deadline: None
Abstract: Amendment to remove the regulation originally promulgated to
provide procedures for the issuance of refunds of duties paid on
certain wool imports pursuant to section 505 of title V of the Trade
and Development Act of 2000. As section 5101 of the Trade Act of 2002
significantly amended section 505 and provides self--effectuating
procedures for the issuance of the refunds, the regulation implementing
section 505 is no longer necessary and is obsolete.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AD27
Agency Contact: Suzanne Kingsbury, Attorney, Regulations Branch,
Department of the Treasury, Office of Regulations and Rulings, 1300
Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8763
RIN: 1505-AB43
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Departmental Offices (DO)
_______________________________________________________________________
2546. 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: Roger Bezdek
Phone: 202 622--1807
RIN: 1505-AA74
_______________________________________________________________________
2547. 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
_______________________________________________________________________
2548. 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
[[Page 73386]]
Phone: 202 622--1976
Fax: 202 622--1974
Email: gary.sutton@do.treas.gov
RIN: 1505-AA81
_______________________________________________________________________
2549. SECRETARY'S DETERMINATION OF REAL ESTATE BROKERAGE
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 1501.2
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/03/01                      66 FR 307
NPRM Comment Period End         03/02/01
NPRM Comment Period Extended    05/01/01                    66 FR 12440
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Gary W. Sutton
Phone: 202 622--1976
Fax: 202 622--1974
Email: gary.sutton@do.treas.gov
RIN: 1505-AA84
_______________________________________________________________________
2550. 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
_______________________________________________________________________
2551. TREASURY DEBT COLLECTION
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 5
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              10/28/02                    67 FR 65843
Interim Final Rule Comment
Period End                      11/27/02
Next Action Undetermined         To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Brian Lee
Phone: 202 622--0808
Fax: 202 622--2318
RIN: 1505-AA90
_______________________________________________________________________
2552. BANK ENTERPRISE AWARD (BEA) PROGRAM
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 1806
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              02/04/03                     68 FR 5717
Interim Final Rule Comment
Period End                      04/07/03
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jeffrey C. Berg
Phone: 202 622--8530
Fax: 202 622--8244
Email: bergj@cdfi.treas.gov
RIN: 1505-AA91
_______________________________________________________________________
2553. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 1805
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              02/04/03                     68 FR 5704
Interim Final Rule Comment
Period End                      04/07/03
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jeffrey C. Berg
Phone: 202 622--8530
Fax: 202 622--8244
Email: bergj@cdfi.treas.gov
RIN: 1505-AA92
_______________________________________________________________________
2554. [bull] TERRORISM RISK INSURANCE PROGRAM; RECOUPMENTS OF FEDERAL
SHARE OF COMPENSATION FOR INSURED LOSSES
Priority: Other Significant. Major status under 5 USC 801 is
undetermined.
Legal Authority: Terrorism Risk Insurance Act, title 1, PL 107--297,
116 Stat 2322; 15 USC 6701 note; 5 USC 301
CFR Citation: 31 CFR 50
Legal Deadline: None
Abstract: As the statutorily authorized administrator of the Terrorism
Risk Insurance Program, Treasury is issuing proposed and final
regulations to implement the Program. Under the Terrorism Risk
Insurance Act, title I, Public Law 107--297, and the Program, the
Federal Government shares the risk of insured losses from certified
acts of terrorism with commercial property and casualty insurers until
the Program sunsets on December 31, 2005. This rule incorporates and
clarifies statutory requirements for the recoupment of the Federal
share of compensation for insured losses. The rule establishes
requirements for determining amounts to be recouped and for procedures
insurers are to use for collecting terrorism loss risk--spreading
premiums and remitting them to the Treasury.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                             To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Howard Leikin, Senior Insurance Advisor, Department of
the Treasury, Office of Financial Institutions, Terrorism Risk
Insurance Program, 1500 Pennsylvania Avenue NW., Washington, DC 20220
Phone: 202 622--6770
RIN: 1505-AB10
_______________________________________________________________________
2555. RECONCILIATION
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 142; 19 CFR 159
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/00/04
Regulatory Flexibility Analysis Required: No
[[Page 73387]]
Government Levels Affected: None
Agency Contact: John Leonard
Phone: 202 927--0915
RIN: 1505-AB16
_______________________________________________________________________
2556. ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 12; 19 CFR 113
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              02/26/97                     62 FR 8620
Interim Final Rule Effective    02/26/97
Interim Final Rule Comment
Period End                      04/28/97
Final Action                     To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Leon Hayward
Phone: 202 927--3271
RIN: 1505-AB18
_______________________________________________________________________
2557. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 24
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/17/99                    64 FR 13141
NPRM Comment Period End         05/17/99
Final Action                    10/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Linda Lloyd
Phone: 202 927--0119
RIN: 1505-AB22
_______________________________________________________________________
2558. ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 12
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              05/23/00                    65 FR 33251
Interim Final Rule Effective    05/23/00
Interim Final Rule Comment
Period End                      07/24/00
Final Action                     To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Leon Hayward
Phone: 202 927--3271
RIN: 1505-AB23
_______________________________________________________________________
2559. REQUIREMENTS FOR FUTURE CUSTOMS TRANSACTIONS WHEN PAYMENT TO
CUSTOMS ON PRIOR TRANSACTIONS IS DELINQUENT AND/OR DISHONORED
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 142; 19 CFR 24
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Next Action Undetermined         To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Robert Reiley
Phone: 202 927--1504
RIN: 1505-AB25
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Departmental Offices (DO)
_______________________________________________________________________
2560. DEPARTMENT OF THE TREASURY ACQUISITION REGULATION
Priority: Substantive, Nonsignificant
CFR Citation: 48 CFR ch 10
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      07/03/03                    68 FR 39854
Final Rule Effective            08/04/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Angelie Jackson
Phone: 202 622--0245
Fax: 202 622--2273
Email: angelie.jackson@do.treas.gov
RIN: 1505-AA89
_______________________________________________________________________
2561. TERRORISM RISK INSURANCE PROGRAM; PROGRAM SCOPE AND DEFINITIONS
Priority: Other Significant
CFR Citation: 31 CFR 50
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      07/11/03                    68 FR 41250
Final Rule Effective            07/11/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Mario Ugoletti
Phone: 202 622--2730
RIN: 1505-AA96
_______________________________________________________________________
2562. TERRORISM RISK INSURANCE PROGRAM; DISCLOSURES AND MANDATORY
AVAILABILITY REQUIREMENTS
Priority: Other Significant
CFR Citation: 31 CFR 50
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/18/03                    68 FR 19309
Interim Final Rule              04/18/03                    68 FR 19302
Interim Final Rule Effective    04/18/03
Interim Final Rule Comment
Period End                      05/19/03
Final Rule                      10/17/03                    68 FR 59720
Final Rule Effective            10/17/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Mario Ugoletti
[[Page 73388]]
Phone: 202 622--2730
RIN: 1505-AA98
_______________________________________________________________________
2563. TERRORISM RISK INSURANCE PROGRAM; STATE RESIDUAL MARKET INSURANCE
ENTITIES
Priority: Other Significant
CFR Citation: 31 CFR 50
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/18/03                    68 FR 19309
Final Rule                      10/17/03                    68 FR 59715
Final Rule Effective            10/17/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: State
Agency Contact: Mario Ugoletti
Phone: 202 622--2730
RIN: 1505-AA99
_______________________________________________________________________
2564. CUSTOMS ENTRY DOCUMENTATION PURSUANT TO ANTICOUNTERFEITING
CONSUMER PROTECTION ACT
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 141
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/13/99                    64 FR 49423
Withdrawn                       08/22/03                    68 FR 50733
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: George F. McCray
Phone: 202 572--8709
RIN: 1505-AB19
_______________________________________________________________________
2565. USER FEES
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 24; 19 CFR 111
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    07/24/03                    68 FR 43624
Final Action Effective          08/25/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Robert Reiley
Phone: 202 927--1504
RIN: 1505-AB30
_______________________________________________________________________
2566. CIVIL FINES FOR IMPORTATION OF MERCHANDISE BEARING A COUNTERFEIT
MARK
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 133
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    07/24/03                    68 FR 43635
Final Action Effective          08/25/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Lynne O. Robinson
Phone: 202 572--8743
RIN: 1505-AB35
_______________________________________________________________________
2567. MANUFACTURING SUBSTITUTION DRAWBACK--DUTY APPORTIONMENT
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 191
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    08/22/03                    68 FR 50700
Final Action Effective          08/22/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: William G. Rosoff
Phone: 202 572--8807
RIN: 1505-AB36
_______________________________________________________________________
2568. PREFERENTIAL TREATMENT OF BRASSIERES UNDER THE CARIBBEAN BASIN
ECONOMIC RECOVERY ACT
Priority: Substantive, Nonsignificant
CFR Citation: 19 CFR 10
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              09/30/03                    68 FR 56166
Interim Final Rule Effective    09/30/03
Interim Final Rule Comment
Period End                      12/01/03
Final Action                    07/24/03                    68 FR 43624
Final Action Effective          07/24/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Robert Abels
Phone: 202 927--1959
Cynthia Reese
Phone: 202 572--8790
RIN: 1505-AB42
_______________________________________________________________________
2569. [bull] IMPORT RESTRICTIONS IMPOSED ON ARCHAEOLOGICAL MATERIAL FROM
CAMBODIA
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
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 reflects the imposition of import restrictions on
certain archaeological materials originating in Cambodia. The
restrictions are imposed pursuant to an agreement between the United
States and the Government of the Kingdom of Cambodia that was entered
into under the authority of the Convention on Cultural Property
Implementation Act in accordance with the 1970 United Nations
Educational, Scientific and Cultural Organization (UNESCO) Convention
on the Means of Prohibiting and Preventing the Illicit Import, Export
and Transfer of Ownership of Cultural Property.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    09/22/03                    68 FR 55000
Final Action Effective          09/22/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AD34
Agency Contact: Joseph Howard, Attorney, Intellectual Property Rights
Branch, Department of the Treasury, Office of Regulations and Rulings,
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8701
RIN: 1505-AB45
[[Page 73389]]
_______________________________________________________________________
2570. [bull] EXTENSION OF EMERGENCY IMPORT RESTRICTIONS IMPOSED ON
ETHNOLOGICAL MATERIAL FROM CYPRUS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
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 that the emergency import restrictions
currently in place on certain ethnological material from Cyprus
continue, without interruption, for an additional three years.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    08/29/03                    68 FR 51903
Final Action Effective          09/04/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1515--AD38
Agency Contact: Joseph Howard, Attorney, Intellectual Property Rights
Branch, Department of the Treasury, Office of Regulations and Rulings,
1300 Pennsylvania Avenue NW., Washington, DC 20229
Phone: 202 572--8701
RIN: 1505-AB46
BILLING CODE 4820--02--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2571. CUSTOMER IDENTIFICATION PROGRAMS FOR PAWN BROKERS
Priority: Substantive, Nonsignificant
Legal Authority: PL 107--56, sec 326
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: This regulation will require pawn brokers to adopt and
implement reasonable procedures to verify the identity of any person
seeking to open an account, to the extent reasonable and practicable;
maintain records of the information used to verify the person's
identity; and determine whether the person appears on any lists of
known or suspected terrorists or terrorist organizations provided to
them by any Government agency.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           06/00/04
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel, Department of the
Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA
22183
Phone: 703 905--3590
Fax: 703 905--3735
RIN: 1506-AA39
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2572. 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                            06/00/04
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
_______________________________________________________________________
2573. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT
FINANCIAL INSTITUTIONS ESTABLISH ANTI--MONEY LAUNDERING PROGRAMS
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, Final.
Abstract: FinCEN will issue a series of regulations regarding anti--
money laundering program requirements for various financial
institutions, as defined in the Bank Secrecy Act.
Timetable:
________________________________________________________________________
Anti--Money Laundering Programs for Businesses Engaged in Vehicle
Sales, Including Automobile, Airplane & Boat Sales (1506--AA60)  ANPRM
02/24/03 (68 FR 8568)  ANPRM Comment Period End 04/10/03  NPRM 06/00/04
Anti--Money Laundering Programs for Commodity Trading Advisors (1506--
AA55)  NPRM 05/05/03 (68 FR 23640)  NPRM Comment Period End 07/07/
03  Final Rule 06/00/04
Anti--Money Laundering Programs for Dealers in Precious Metals, Stones
or Jewels (1506--AA58)  NPRM 02/21/03 (68 FR 8480)  NPRM Comment Period
End 04/22/03  Final Action 06/00/04
[[Page 73390]]
Anti--Money Laundering Programs for Financial Institutions (1506--
AA52)  Interim Final Rule 04/29/02 (67 FR 21110)  Interim Final Rule
Comment Period End 05/29/02  Final Action 06/00/04
Anti--Money Laundering Programs for Insurance Companies (1506--
AA50)  NPRM 09/26/02 (67 FR 60625)  NPRM Comment Period End 11/25/
02  Final Rule 06/00/04
Anti--Money Laundering Programs for Investment Advisors (1506--
AA51)  NPRM 05/05/03 (68 FR 23646)  NPRM Comment Period End 07/07/
03  Final Rule 06/00/04
Anti--Money Laundering Programs for Loan & Finance Companies (1506--
AA53)  NPRM 06/00/04
Anti--Money Laundering Programs for Money Services Businesses (1506--
AA54)  Interim Final Rule 04/29/02 (67 FR 21114)  Interim Final Rule
Comment Period End 05/29/02  Final Action 06/00/04
Anti--Money Laundering Programs for Mutual Funds (1506--AA48)  Interim
Final Rule 04/29/02 (67 FR 21117)  Interim Final Rule Comment Period
End 05/29/02  Final Action 06/00/04
Anti--Money Laundering Programs for Operators of a Credit Card System
(1506--AA56)  Interim Final Rule 04/29/02 (67 FR 21121)  Interim Final
Rule Comment Period End 05/29/02  Final Action 06/00/04
Anti--Money Laundering Programs for Persons Involved in Real Estate
Closings and Settlements (1506--AA59)  ANPRM 04/10/03 (68 FR
17569)  ANPRM Comment Period End 06/09/03  NPRM 06/00/04
Anti--Money Laundering Programs for Travel Agencies (1506--AA49)  ANPRM
02/24/03 (68 FR 8571)  ANPRM Comment Period End 04/10/03  NPRM 06/00/04
Anti--Money Laundering Programs for Unregistered Investment Companies
(1506--AA57)  NPRM 09/26/02 (67 FR 60617)  NPRM Comment Period End 11/
25/02  Final Rule 06/00/04
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-AA28
_______________________________________________________________________
2574. 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                            06/00/04
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
_______________________________________________________________________
2575. 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                            06/00/04
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
_______________________________________________________________________
2576. 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                            06/00/04
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
[[Page 73391]]
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2577. 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                    06/00/04
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
_______________________________________________________________________
2578. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--EXEMPTIONS FROM THE
REQUIREMENT TO REPORT TRANSACTIONS IN CURRENCY
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5330
CFR Citation: 31 CFR 103
Legal Deadline: None
Abstract: This document contains an interim final rule that further
reforms and simplifies the process by which depository institutions may
exempt transactions of retail and other businesses from the requirement
to report transactions in currency in excess of $10,000. The interim
final rule is part of a continuing program to reduce unnecessary
burdens upon financial institutions complying with the Bank Secrecy Act
and increase the cost--effectiveness of the counter--money laundering
policies of the Department of the Treasury.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              07/28/00                    65 FR 46356
Interim Final Rule Effective    07/31/00
Interim Final Rule Comment
Period End                      09/26/00
Final Action                    06/00/04
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
_______________________________________________________________________
2579. 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, Final.
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                    06/00/04
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
_______________________________________________________________________
2580. 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, Final.
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                    06/00/04
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
_______________________________________________________________________
2581. 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
[[Page 73392]]
Legal Deadline: Final, Statutory, October 25, 2002, Final.
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                    06/00/04
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
_______________________________________________________________________
2582. FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK
SECRECY ACT REGULATIONS REQUIREMENT THAT INSURANCE COMPANIES REPORT
SUSPICIOUS TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5332
CFR Citation: 31 CFR 103.16
Legal Deadline: None
Abstract: This document will require insurance companies to report
suspicious transactions to the Department of the Treasury. The
amendments constitute a further step in the creation of a comprehensive
system for the reporting of suspicious transactions by the major
categories of financial institutions operating in the United States as
a part of the counter--money laundering program of the Department of
the Treasury.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/17/02                    67 FR 64067
NPRM Comment Period End         12/16/02
Final Action                    06/00/04
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
_______________________________________________________________________
2583. 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                    06/00/04
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
_______________________________________________________________________
2584. 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                    06/00/04
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
_______________________________________________________________________
2585. FINANCIAL CRIMES ENFORCEMENT NETWORK; DELEGATION OF ENFORCEMENT
AUTHORITY REGARDING THE FOREIGN BANK ACCOUNT REPORT REQUIREMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to
5332; PL 107--56, sec 312; PL 107--56, sec 314; PL 107--56, sec 352
CFR Citation: 31 CFR 103.56
Legal Deadline: None
Abstract: FinCEN is amending the regulations implementing the Bank
Secrecy Act to reflect that enforcement authority with respect to the
foreign bank account report requirements of 31 CFR part 103 has been
delegated from FinCEN to the Commissioner of the Internal Revenue
Service.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    06/00/04
[[Page 73393]]
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-AA45
_______________________________________________________________________
2586. [bull] 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                    06/00/04
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
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2587. 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
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Financial Crimes Enforcement Network (FINCEN)
_______________________________________________________________________
2588. CUSTOMER IDENTIFICATION PROGRAM FOR BROKER--DEALERS
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 103.122
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    05/09/03                    68 FR 25113
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel
Phone: 703 905--3590
Fax: 703 905--3735
RIN: 1506-AA32
_______________________________________________________________________
2589. CUSTOMER IDENTIFICATION PROGRAM FOR MUTUAL FUNDS
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 103.131
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    05/09/03                    68 FR 25131
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel
Phone: 703 905--3590
Fax: 703 905--3735
RIN: 1506-AA33
_______________________________________________________________________
2590. REQUIREMENT THAT FUTURES COMMISSION MERCHANTS AND INTRODUCING
BROKERS IN COMMODITIES REPORT SUSPICIOUS TRANSACTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 103.11; 31 CFR 103.17; 31 CFR 103.33; 31 CFR
103.56
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/05/03                    68 FR 23653
Final Rule                      11/20/03                    68 FR 65392
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Office of the Chief Counsel
Phone: 703 905--3590
Fax: 703 905--3735
RIN: 1506-AA44
_______________________________________________________________________
2591. [bull] FINANCIAL CRIMES ENFORCEMENT NETWORK; FREEDOM OF
INFORMATION ACT, PRIVACY ACT OF 1974--IMPLEMENTATION
Priority: Info./Admin./Other. Major status under 5 USC 801 is
undetermined.
Legal Authority: 5 USC 301; 5 USC 552, subpart A, as amended; 5 USC
552a, subpart C; 31 USC 321
[[Page 73394]]
CFR Citation: 31 CFR 0
Legal Deadline: None
Abstract: Given FinCEN's new status as a bureau, FinCEN is issuing
Freedom of Information Act and Privacy Act regulations of its own.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    09/25/03                    68 FR 55309
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-AA62
BILLING CODE 4810--35--S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2592. 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 proposed revisions to the definitions in 31 CFR part 240. Other
revisions will govern the use of the Check Forgery Insurance Fund
(Fund). The Fund is a revolving fund established to settle payee claims
of nonreceipt where the original check has been fraudulently
negotiated. The Fund ensures that innocent payees, whose Treasury
checks have been fraudulently cashed, receive replacement checks in a
timely manner.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/00/04
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
_______________________________________________________________________
2593. MANAGEMENT OF FEDERAL AGENCY RECEIPTS AND DISBURSEMENTS; OPERATION
OF THE CASH MANAGEMENT IMPROVEMENT FUND
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 5 USC 301; 31 USC 321; 31 USC 3301; 31 USC 3302; 31
USC 3321; 31 USC 3327; 31 USC 3332; 31 USC 3335; 31 USC 3720; 31 USC
6503
CFR Citation: 31 CFR 206
Legal Deadline: None
Abstract: This regulation governs collection and deposit regulations
requiring timely methods, principally Electronic Funds Transfer (EFT),
for the collection and deposit of funds as authorized by section 2652
of the Deficit Reduction Act of 1984. This regulation also incorporates
revisions authorized by the Cash Management Act of 1990 and the Cash
Management Improvement Act Amendments of 1992. These revisions require
executive agencies to use effective, efficient disbursement mechanisms,
principally EFT, in the delivery of payments. An agency's failure to
comply with this regulation may result in a charge equal to the cost of
such noncompliance to the Treasury's General Fund.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash
Management Policy and Planning Division, Department of the Treasury,
Financial Management Service, Room 408D, 401 14th Street SW.,
Washington, DC 20227
Phone: 202 874--6799
Email: stephen.kenneally@fms.treas.gov
RIN: 1510-AA86
_______________________________________________________________________
2594. WITHHOLDING OF DISTRICT OF COLUMBIA, STATE, CITY, AND COUNTY
INCOME, OR EMPLOYMENT TAXES BY FEDERAL AGENCIES
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 5516; 5 USC 5517; 5 USC 5520; EO 1197, sec 4
CFR Citation: 31 CFR 215
Legal Deadline: None
Abstract: This regulation governs the agreements entered into by the
Department of the Treasury and State and local governments for the
withholding of State and local income taxes from the compensation of
Federal employees.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal, State, Local
Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash
Management Policy and Planning Division, Department of the Treasury,
Financial Management Service, Room 408D, 401 14th Street SW.,
Washington, DC 20227
Phone: 202 874--6799
Email: stephen.kenneally@fms.treas.gov
RIN: 1510-AA90
[[Page 73395]]
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Financial Management Service (FMS)
_______________________________________________________________________
2595. INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE U.S. TREASURY
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 301; 12 USC 391; 31 USC 321; 31 USC 3327; 31 USC
3328; 31 USC 3331; 31 USC 3334; 31 USC 3343; 31 USC 3702; 31 USC 3702
note; 31 USC 3711; 31 USC 3712; 31 USC 3716; 31 USC 3717; 318 US 363
(1943); 332 US 234 (1947)
CFR Citation: 31 CFR 240
Legal Deadline: None
Abstract: Notice of proposed rulemaking II (NPRM II) was a reissuance
of NPRM I published on September 21, 1995, which proposed to fix the
time by which Treasury can decline payment on Treasury checks, provide
financial institutions with a date certain for final payments, and
provide greater clarity by defining previously undefined terms. NPRM I
also proposed that the Department of the Treasury may instruct Federal
Reserve Banks to intercept benefit payment checks to deceased payees
and to return, unpaid, those checks. In addition to the revisions
proposed in NPRM I, NPRM II announced the Department of the Treasury's
intent that this regulation supersede Federal common law regarding the
risk of loss on checks containing forged disbursing officer signatures,
such as counterfeits. The Interim Final Rule will amend this regulation
to implement provisions of the Debt Collection Improvement Act of 1996
authorizing the collection of debts owed by presenting banks through
Treasury Check Offset. NPRM III is a reissuance of NPRM II and will
address, at a minimum, the issues in NPRMs I and II.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM I                          09/21/95                    60 FR 48940
NPRM Comment Period End         11/06/95
NPRM II                         05/30/97                    62 FR 29314
NPRM                            04/23/03                    68 FR 20046
Final Rule                      12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Agency Contact: Ronald E. Brooks, Senior Program and Policy Analyst,
Financial Operations, Department of the Treasury, Financial Management
Service, Room 725--D, 3700 East--West Highway, Hyattsville, MD 20782
Phone: 202 874--7573
Email: ronald.brooks@fms.treas.gov
RIN: 1510-AA45
_______________________________________________________________________
2596. FOREIGN EXCHANGE OPERATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 22 USC 2363; 31 USC 3513; EO 10488; EO 10900
CFR Citation: 31 CFR 281
Legal Deadline: None
Abstract: This regulation governs the administration of the purchase,
custody, deposit, transfer, sale, and reporting of foreign exchange
(including credits and currencies) by executive departments and
agencies. Currently, this regulation allows the purchase of foreign
currency to an amount which, together with the balance on hand in the
bank, may not exceed estimated requirements for a 30--day period. The
revised rule allows the purchase of foreign currency to a balance
``commensurate with immediate disbursing requirements.``
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/29/96                     61 FR 2750
NPRM Comment Period End         02/28/96
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash
Management Policy and Planning Division, Department of the Treasury,
Financial Management Service, Room 408D, 401 14th Street SW.,
Washington, DC 20227
Phone: 202 874--6799
Email: stephen.kenneally@fms.treas.gov
Walt Henderson, Senior Financial Program Specialist, Cash Management
Policy and Planning Directorate, Department of the Treasury, Financial
Management Service, 401 14th Street SW., Washington, DC 20227
Phone: 202 874--6705
Email: walt.henderson@fms.treas.gov
RIN: 1510-AA48
_______________________________________________________________________
2597. PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS
Priority: Substantive, Nonsignificant
Legal Authority: PL 104--53; PL 104--316; 28 USC 2414; 28 USC 2517; 31
USC 1304
CFR Citation: 31 CFR 256
Legal Deadline: None
Abstract: This regulation governs the procedures for securing payment
for money judgments against the United States. The proposed revision
will update these procedures. This revision will benefit claimants and
others in understanding the judgment payment process. This regulation
currently describes a process that involves the General Accounting
Office (GAO) and the Treasury Department. The revision will remove the
GAO from this description to reflect legislative amendments that effect
this change. Also, the regulation currently identifies monetary
thresholds that no longer exist. The change will reflect the removal of
these monetary limitations. These revisions will make the regulation
consistent with current procedures for securing payment of money
judgments against the United States.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/08/96                      61 FR 552
NPRM Comment Period End         02/07/96
Final Action                    01/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Federal
Agency Contact: Wanda Rogers, 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: wanda.rogers@fms.treas.gov
RIN: 1510-AA52
[[Page 73396]]
_______________________________________________________________________
2598. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL
BENEFIT PAYMENTS) TO COLLECT PAST--DUE, LEGALLY ENFORCEABLE NONTAX DEBT
Priority: Substantive, Nonsignificant
Legal Authority: 31 USC 321; 31 USC 3716
CFR Citation: 31 CFR 285.5
Legal Deadline: None
Abstract: This rule governs the administrative offset of Federal
payments by disbursing officials of the United States.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              12/26/02                    67 FR 78936
Final Rule                      04/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt
Management Service, Department of the Treasury, Financial Management
Service, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874--7131
Fax: 202 874--7494
Email: gerald.isenberg@fms.treas.gov
RIN: 1510-AA65
_______________________________________________________________________
2599. SALARY OFFSET
Priority: Substantive, Nonsignificant
Legal Authority: 5 USC 5514
CFR Citation: 31 CFR 285.7
Legal Deadline: None
Abstract: This rule governs the centralized computer matching of
Federal employee records for purposes of salary offset to collect
nontax delinquent debt owed the Federal Government.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              04/28/98                    63 FR 23353
Final Action                    04/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt
Management Service, Department of the Treasury, Financial Management
Service, Room 44AB, 401 14th Street SW., Washington, DC 20227
Phone: 202 874--7131
Fax: 202 874--7494
Email: gerald.isenberg@fms.treas.gov
RIN: 1510-AA70
_______________________________________________________________________
2600. OFFSET OF TAX REFUND PAYMENT TO COLLECT STATE INCOME TAX
OBLIGATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6402(e)
CFR Citation: 31 CFR 285.8
Legal Deadline: None
Abstract: This rule governs the offset of Federal tax refund payments
to collect delinquent State income taxes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/20/99                    64 FR 71233
Interim Final Rule              12/20/99                    64 FR 71227
Final Action                    04/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: State, Federal
Federalism:  Undetermined
Agency Contact: Dean Balamaci, Director, Business and Agency Liaison
Division, Department of the Treasury, Financial Management Service, 401
14th Street SW., Washington, DC 20227
Phone: 202 874--6804
Email: dean.balamaci@fms.treas.gov
RIN: 1510-AA78
_______________________________________________________________________
2601. PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM
Priority: Other Significant
Unfunded Mandates: 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 first 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. The second rule amended the regulation to provide the
Secretary greater flexibility to adjust the rate of interest charged on
funds loaned through the Treasury Tax and Loan (TT&L) program. It also
allows for a new TT&L investment option for financial institutions.
Timetable:
________________________________________________________________________
General Revisions (1510--AA92)  NPRM 11/00/03
Treasury Tax and Loan Rate of Interest (1510--AA93)  NPRM 07/30/99 (64
FR 41747)  NPRM Comment Period End 09/28/99  Final Action 03/15/02 (67
FR 11573)
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Catherine McHugh, Senior Financial Program Specialist,
Department of the Treasury, Financial Management Service, Room 415B,
Federal Finance, Asset Management Directorate, Risk Management
Division, 401 14th Street SW., Washington, DC 20227
Phone: 202 874--7497
Email: catherine.mchugh@fms.treas.gov
RIN: 1510-AA79
_______________________________________________________________________
2602. 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              04/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: State, Local, Tribal, Federal
[[Page 73397]]
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
_______________________________________________________________________
2603. [bull] FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING
HOUSE (ACH)
Priority: Other Significant. Major status under 5 USC 801 is
undetermined.
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: The Department of the Treasury, Financial Management Service
(FMS), is amending its rule governing the use of the Automated Clearing
House (ACH) system by Federal agencies. This proposed rule would amend
31 CFR part 210 to provide that, as of an effective date to be
specified, any check received by a Federal agency may be converted to
an ACH debit entry. The proposed rule would request comment on a plan
whereby FMS would provide notice of check conversion to the general
public through agency and financial institution web sites, the Federal
Register, on agency forms, and in radio, television, and media
announcements.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/21/03                    68 FR 50671
NPRM Comment Period End         10/20/03
Final Action                    02/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
URL For More Information:
www.fms.treas.gov/ach
URL For Public Comments:
(do not use http://) 210comments@fms.treas.gov
Agency Contact: Donald Skiles, Senior Financial Program Specialist,
Department of the Treasury, Financial Management Service, Federal
Finance, Asset Management Directorate, Risk Management Division, 401
14th Street SW., Washington, DC 20227
Phone: 202 874--6994
Email: donald.skiles@fms.treas.gov
RIN: 1510-AA98
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Financial Management Service (FMS)
_______________________________________________________________________
2604. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL
BENEFIT PAYMENTS) TO COLLECT PAST--DUE DEBTS OWED TO STATES (OTHER THAN
CHILD SUPPORT)
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 285.6
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: State
Federalism:  Undetermined
Agency Contact: Gerry Isenberg
Phone: 202 874--7131
Fax: 202 874--7494
Email: gerald.isenberg@fms.treas.gov
RIN: 1510-AA66
_______________________________________________________________________
2605. PUBLIC DISSEMINATION OF IDENTITY OF DELINQUENT DEBTORS
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 285.14
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Next Action Undetermined         To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Gerry Isenberg
Phone: 202 874--7131
Fax: 202 874--7494
Email: gerald.isenberg@fms.treas.gov
RIN: 1510-AA72
_______________________________________________________________________
2606. SURETY BOND REIMBURSEMENT FUND
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 31 CFR 223
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Next Action Undetermined         To Be                       Determined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Federalism:  Undetermined
Agency Contact: Wanda Rogers
Phone: 202 874--8380
Email: wanda.rogers@fms.treas.gov
RIN: 1510-AA85
_______________________________________________________________________
2607. [bull] 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--266; 12 USC 332; 12 USC 391;
12 USC 1452(d); 12 USC 1464(k); 12 USC 1767; 12 USC 1789a; 12 USC 2013;
12 USC 2122; 12 USC 3102; 26 USC 6302; 31 USC 321; 31 USC 323; 31 USC
3301 to 3304
CFR Citation: 31 CFR 203
Legal Deadline: None
Abstract: The Department of the Treasury, Financial Management Service,
is proposing to revise its regulation governing the Treasury Tax and
Loan (TT&L) program at 31 CFR Part 203. The proposed changes would
update the rule to reflect the reorganization and enhancement of the
TT&L program, including changes in terminology, and simplify the rule
by deleting procedures and provisions that appear in other regulations
or in the Treasury Financial Manual.
[[Page 73398]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
URL For More Information:
www.fms.treas.gov/eftps/eftpsregs.html
URL For Public Comments:
(do not use http://)203.comments@fms.treas.gov
Agency Contact: Catherine McHugh, Senior Financial Program Specialist,
Department of the Treasury, Financial Management Service, Room 415B,
Federal Finance, Asset Management Directorate, Risk Management
Division, 401 14th Street SW., Washington, DC 20227
Phone: 202 874--7497
Email: catherine.mchugh@fms.treas.gov
RIN: 1510-AA96
_______________________________________________________________________
2608. [bull] FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING
HOUSE (ACH)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
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: The Department of the Treasury, Financial Management Service,
is amending its rule governing the use of the Automated Clearing House
(ACH) system by Federal agencies. This proposed rule would amend 31 CFR
part 210 to expand the circumstances in which checks presented or
delivered to agencies may be converted to ACH debit entries. The
proposed rule also addresses issues relating to the reclamation of
Federal benefit payments and the receipt of misdirected Federal
payments.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
URL For More Information:
www.fms.treas.gov/ach
URL For Public Comments:
(do not use http://)210comments@fms.treas.gov
Agency Contact: Catherine McHugh, Senior Financial Program Specialist,
Department of the Treasury, Financial Management Service, Room 415B,
Federal Finance, Asset Management Directorate, Risk Management
Division, 401 14th Street SW., Washington, DC 20227
Phone: 202 874--7497
Email: catherine.mchugh@fms.treas.gov
RIN: 1510-AA97
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Financial Management Service (FMS)
_______________________________________________________________________
2609. 2003 AUTOMATED CLEARING HOUSE (ACH) RULES
Priority: Other Significant
CFR Citation: 31 CFR 210
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              06/05/03                    68 FR 33825
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Donald Skiles
Phone: 202 874--6994
Email: donald.skiles@fms.treas.gov
RIN: 1510-AA89
BILLING CODE 4810--25--S
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
2610. REVISION OF BREWERY REGULATIONS AND ISSUANCE OF REGULATIONS FOR
TAVERNS ON BREWERY PREMISES (BREWPUBS)
 Regulatory Plan: This entry is Seq. No. 99 in part II of this issue of
the Federal Register.
RIN: 1513-AA02
_______________________________________________________________________
2611. PROHIBITION OF ALCOHOL BEVERAGE CONTAINERS AND STANDARD OF FILL
FOR DISTILLED SPIRITS AND WINE
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7
Legal Deadline: None
Abstract: TTB proposes to amend regulations to clarify the standards of
fill for distilled spirits and wine. TTB also proposes to amend
regulations to prohibit certain alcohol beverage containers that are
likely to mislead consumers as to the identity or character of the
distilled spirits, wine, or malt beverage products or to be confused
with other (nonalcohol) food products.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/09/99                     64 FR 6486
NPRM Comment Period End         04/12/99
Revised NPRM--Aggregate
Packaging                       04/00/04
Revised NPRM--Deceptive
Packaging                       04/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AB89
[[Page 73399]]
Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660
Phone: 301 290--1460
Fax: 301 290--1463
Email: lisa.gesser@ttb.treas.gov
RIN: 1513-AA07
_______________________________________________________________________
2612. 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                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC22
Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: wade--chapman.linda@ttb.gov
RIN: 1513-AA16
_______________________________________________________________________
2613. PETITION TO ESTABLISH THE ``SANTA BARBARA HIGHLANDS'' 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 ``Santa Barbara Highlands'' as an American viticultural area. The
proposed Santa Barbara Highlands area is located in Santa Barbara and
Ventura Counties in California. The petition was submitted by Nebil
Zarif, President, Barnwood Vineyards.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC53
Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: timothy.devanney@ttb.gov
RIN: 1513-AA24
_______________________________________________________________________
2614. 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 (USCS). The USCS published this final rule to create a
separate class of customs bonded warehouse duty--free store (class 9).
A class 9 customs bonded warehouse may receive tobacco products or
cigarette papers or tubes without payment of Federal excise tax. The
temporary rule prescribes the regulations that allow a manufacturer of
tobacco products or cigarette papers and tubes and an export warehouse
proprietor to send such articles to a class 9 customs bonded warehouse.
In addition, the temporary rule prescribes regulations that allow a
proprietor of a customs bonded manufacturing warehouse to send such
cigars to a class 9 customs bonded warehouse. This notice of proposed
rulemaking invites comments on the temporary rule.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Interim Final Rule              12/00/03
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, Tax and Trade Bureau, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: wade--chapman.linda@ttb.gov
RIN: 1513-AA26
_______________________________________________________________________
2615. 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                            12/00/03
Regulatory Flexibility Analysis Required: No
[[Page 73400]]
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, Tax and Trade Bureau, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: wade--chapman.linda@ttb.gov
RIN: 1513-AA27
_______________________________________________________________________
2616. PETITION TO ESTABLISH THE ``TRINITY LAKE'' VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB has received a petition from Keith Groves of Alpen
Cellars proposing the establishment of a viticultural area located in
Trinity County, California. The proposed Trinity Lake viticultural area
consists of approximately 96,000 acres.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC62
Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: timothy.devanney@ttb.gov
RIN: 1513-AA29
_______________________________________________________________________
2617. 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                    07/00/04
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, 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
_______________________________________________________________________
2618. 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                            01/00/04
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, 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
_______________________________________________________________________
2619. MARKS, LABELS, NOTICES AND BONDS FOR, AND REMOVAL OF, TOBACCO
PRODUCTS, AND CIGARETTE PAPERS AND TUBES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 5704; 26 USC 7805
CFR Citation: 27 CFR 40; 27 CFR 275
Legal Deadline: None
Abstract: This notice of proposed rulemaking requires labels, notices
and marks for removals, in bond, of tobacco products or cigarette
papers and tubes that are not in packages. This notice proposes new
sections that prohibit the removal of tobacco products or cigarette
papers or tubes that are not in packages for domestic uses. Packages
are the immediate containers in which a manufacturer or importer places
the tobacco products or cigarette papers or tubes for sale or delivery
to the consumer. Also, this notice broadens the language for extending
bonds so that manufacturers may receive tobacco products, cigarette
papers and tubes, without payment of tax, from Puerto Rico. This notice
may affect the operations conducted by manufacturers of tobacco
products or cigarette papers and tubes and importers of tobacco
products.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
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, Tax and Trade Bureau, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: wade--chapman.linda@ttb.gov
RIN: 1513-AA49
[[Page 73401]]
_______________________________________________________________________
2620. PETITION TO ESTABLISH ``SANTA MARIA BENCH'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB received a petition from Cambria Winery and Vineyard
proposing to establish the ``Santa Maria Bench'' viticultural area in
Santa Barbara County, California. The petitioned viticultural area has
3,200 acres, with 1,500 acres planted to wine grapes, and is within the
established Santa Maria and the Central Coast viticultural areas.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC93
Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: wade--chapman.linda@ttb.gov
RIN: 1513-AA51
_______________________________________________________________________
2621. 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                            12/00/03
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, Tax and Trade Bureau, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: wade--chapman.linda@ttb.gov
RIN: 1513-AA52
_______________________________________________________________________
2622. PETITION TO ESTABLISH ``SNAKE RIVER VALLEY'' AS A NEW VITICULTURAL
AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB received a petition proposing ``Snake River Valley'' as a
new American viticultural area located in the States of Idaho and
Washington.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC98
Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: timothy.devanney@ttb.gov
RIN: 1513-AA53
_______________________________________________________________________
2623. 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.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC99
Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: timothy.devanney@ttb.gov
RIN: 1513-AA54
_______________________________________________________________________
2624. 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.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/00/04
[[Page 73402]]
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AD00
Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: timothy.devanney@ttb.gov
RIN: 1513-AA55
_______________________________________________________________________
2625. 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.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/07/03                    68 FR 57840
NPRM Comment Period End         12/08/03
Final Action                    06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AD02
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA57
_______________________________________________________________________
2626. PETITION TO ESTABLISH ``RIBBON RIDGE'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB has received a petition proposing the establishment of
the ``Ribbon Ridge'' viticultural area located in the northern part of
Yamhill County, Oregon between Newberg and Gaston.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AD03
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA58
_______________________________________________________________________
2627. PETITION TO ESTABLISH ``YAMHILL--CARLTON DISTRICT'' 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 ``Yamhill--Carlton District'' viticultural area. The proposed area
falls within the approved boundaries of the Willamette Valley
viticultural area in northwest Oregon.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/07/03                    68 FR 57845
NPRM Comment Period End         12/08/03
Final Action                    06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AD04
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA59
_______________________________________________________________________
2628. PETITION TO ESTABLISH THE ``FORT ROSS SEAVIEW'' VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The proposed 27,500--acre Fort Ross--Seaview viticultural
area is in the North Coast and Sonoma Coast viticultural areas. It is
approximately 65 miles north--northwest from San Francisco, close to
the Pacific coastline. A significant distinguishing factor of the
viticultural area, based on its 920 feet and 1,800 feet elevations, is
the sunny and warm growing season that contrasts to the surrounding
foggy and cooler lower elevations. The draft notice of proposed
rulemaking is in review.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA64
_______________________________________________________________________
2629. PETITION TO ESTABLISH THE ``ALEXANDER MOUNTAIN'' VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
[[Page 73403]]
Abstract: The proposed Alexander Mountain 5,990--acre viticultural
area, with 720 acres of winegrape cultivation, is approximately 65
miles north of San Francisco, California. It is totally within the
Alexander Valley, North Sonoma and North Coast viticultural areas. It
has elevations above the Alexander Valley floor, a mountain climate,
and varying terrain orientations for multiple solar exposures. The
draft notice of proposed rulemaking is being prepared for review.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA65
_______________________________________________________________________
2630. PETITION TO ESTABLISH ``GRAND LAKE O' THE CHEROKEES'' AS A NEW
AMERICAN VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB received a petition proposing ``Grand Lake O' the
Cherokees'' as a new American viticultural area in Oklahoma. The
proposed area is located in the northeastern region of the State. The
proposed viticultural area encompasses Craig and portions of Ottawa,
Delaware, and Hayes Counties.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC97
Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: timothy.devanney@ttb.gov
RIN: 1513-AA66
_______________________________________________________________________
2631. 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. The notice of proposed rulemaking is in review.
Earlier TTB received a separate Russian River Valley viticultural area
expansion petition (RIN 1513--AA68) for a 767--acre expansion. This
area is incorporated in the larger 30,200--acre expansion noted above.
The final rule for the smaller expansion is being reviewed.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA67
_______________________________________________________________________
2632. PETITION TO ESTABLISH THE ``SALADO CREEK'' VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB received a petition to establish the Salado Creek
viticultural area in Stanislaus County, California. The proposed
2,940--acre viticultural area is about 75 miles east--southeast of San
Francisco and 18 miles southwest of Modesto. The notice of proposed
rulemaking is in review.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA69
_______________________________________________________________________
2633. 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                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Kristy Colon, TTB Specialist, Department of the
Treasury,
[[Page 73404]]
Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927--8210
Fax: 202 927--8525
Email: kristy.colon@ttb.treas.gov
RIN: 1513-AA70
_______________________________________________________________________
2634. 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.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Kristy Colon, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue
NW., Washington, DC 20226
Phone: 202 927--8210
Fax: 202 927--8525
Email: kristy.colon@ttb.treas.gov
RIN: 1513-AA72
_______________________________________________________________________
2635. [bull] PETITION TO ESTABLISH ``SOUTHERN OREGON'' AS A VITICULTURAL
AREA
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB proposes to establish the Southern Oregon viticultural
area in portions of Douglas, Jackson, and Josephine Counties in
southwestern Oregon.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/18/03                    68 FR 54696
NPRM Comment Period End         11/17/03
Final Action                    06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA75
_______________________________________________________________________
2636. [bull] PETITION TO ESTABLISH ``TEXOMA'' AS A VITICULTURAL AREA
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
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                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jennifer Berry, TTB Specialist, Department of the
Treasury, 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
_______________________________________________________________________
2637. [bull] EVIDENCE OF EXPORTATION FOR DISTILLED SPIRITS; USE OF
ALTERNATIVE DOCUMENTATION
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 252
Legal Deadline: None
Abstract: TTB intends to amend the regulations in part 252 to clarify
the documents that provide adequate export evidence for shipments of
distilled spirits and to provide a timeframe for submission of these
documents. These amended regulations would also inform the public that
TTB would consider approval of alternative types of documentation as
adequate export evidence.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/24/03                    68 FR 55281
NPRM Comment Period End         11/24/03
Final Action                    07/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Joanne Brady, TTB Specialist, Department of the
Treasury, 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-AA78
_______________________________________________________________________
2638. [bull] PETITION TO ESTABLISH THE ``HIGH VALLEY'' VITICULTURAL AREA
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB has received a petition to establish the ``High Valley''
viticultural area, which is located about 85 miles north of San
Francisco, California, on the eastern shore of Clear Lake.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/00/04
[[Page 73405]]
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 541 757--0044
Email: nancy.sutton@ttb.gov
RIN: 1513-AA79
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
ALCOHOL
____________________________________________________
2639. [bull] EXPORTATION OF LIQUORS: RECODIFICATION OF REGULATIONS:
ADMINISTRATIVE CHANGES DUE TO THE HOMELAND SECURITY ACT OF 2002
Priority: Info./Admin./Other. Major status under 5 USC 801 is
undetermined.
Legal Authority: 5 USC 552(a); 19 USC 81c; 27 USC 203; 44 USC 3504(h);
26 USC 5001; . . .
CFR Citation: 27 CFR 28; 27 CFR 252
Legal Deadline: None
Abstract: The Alcohol and Tobacco Tax and Trade Bureau is recodifying
its regulations pertaining to exportation of liquors. Due to the
Homeland Security Act, we are also making administrative changes to
these regulations to reflect the Bureau's new name and organizational
structure. This document does not include any substantive regulatory
changes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    12/00/03
Final Action Effective          12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660
Phone: 301 290--1460
Fax: 301 290--1463
Email: lisa.gesser@ttb.treas.gov
RIN: 1513-AA76
_______________________________________________________________________
2640. IMPLEMENTATION OF PUBLIC LAW 105--33, SECTION 9302, REQUIRING THE
QUALIFICATION OF TOBACCO PRODUCT IMPORTERS AND MISCELLANEOUS TECHNICAL
AMENDMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 5712; 26 USC 5713
CFR Citation: 27 CFR 275
Legal Deadline: Other, Statutory, January 1, 2000, Other.
Abstract: These regulations will implement section 9302 provisions of
Public Law 105--33, requiring permits for businesses engaged in
importing tobacco products. Also, minor technical amendments have been
included in this rule.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/22/99                    64 FR 71955
Interim Final Rule              12/22/99                    64 FR 71947
Interim Final Rule Effective    01/01/00
Interim Final Rule Comment
Period End                      05/03/00                    65 FR 17477
Final Action                    12/00/03
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, Tax and Trade Bureau, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: wade--chapman.linda@ttb.gov
RIN: 1513-AA10
_______________________________________________________________________
2641. FLAVORED MALT BEVERAGES AND RELATED PROPOSALS
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 211, 205; 26 USC 5052
CFR Citation: 27 CFR 7; 27 CFR 25
Legal Deadline: None
Abstract: TTB issued ATF Rulings 96--1 and 2002--2 to address
production and labeling of flavored malt beverages that derive their
alcohol content from flavoring materials. TTB has studied the issue of
flavored malt beverages and is proposing rules to limit the
contribution of distilled spirits derived from flavoring materials in
flavored malt beverages. These proposals address production, identity,
labeling, formulation, and tax issues related to flavored malt
beverages.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/24/03                    68 FR 14292
NPRM Comment Period End         06/23/03
NPRM Comment Period End Extended06/02/03                    68 FR 32698
Extended Comment Period End     10/21/03
Final Action                    01/00/04
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC11
URL For Public Comments:
http://www.ttb.gov/foia/nprm--comments/ttbnotice04--comments.htm
Agency Contact: Charles N. Bacon, Program Manager, Department of the
Treasury, Tax and Trade Bureau, Room 701, 10 Causeway Street, Boston,
MA 02222
Phone: 617 557--1323
Fax: 617 557--1251
[[Page 73406]]
Email: charles.bacon@ttb.treas.gov
RIN: 1513-AA12
_______________________________________________________________________
2642. TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES SHIPPED FROM
PUERTO RICO TO THE UNITED STATES
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 5701; 27 USC 7652
CFR Citation: 27 CFR 275
Legal Deadline: None
Abstract: This temporary rule eliminates TTB onsite supervision of
tobacco products and cigarette papers and tubes of Puerto Rican
manufacture that are shipped from Puerto Rico to the United States. It
also eliminates related forms. This rule requires that persons who ship
such articles maintain records so that the amount of tax is calculated
and recorded for TTB audit and examination. Also, this temporary rule
simplifies and clarifies certain sections.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/08/01                    66 FR 13864
Interim Final Rule              03/08/01                    66 FR 13849
NPRM Comment Period End         05/07/01                    66 FR 13864
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC24
Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: wade--chapman.linda@ttb.gov
RIN: 1513-AA17
_______________________________________________________________________
2643. ELIMINATION OF STATISTICAL CLASSES FOR LARGE CIGARS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 5722
CFR Citation: 27 CFR 40; 27 CFR 275
Legal Deadline: None
Abstract: This notice proposes to eliminate reporting categories in
regulations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/05/02                    67 FR 67340
NPRM Comment Period End         12/05/02
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC33
Agency Contact: Linda Wade--Chapman, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927--8181
Fax: 202 927--8525
Email: wade--chapman.linda@ttb.gov
RIN: 1513-AA18
_______________________________________________________________________
2644. IMPORTATION OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES;
RECODIFICATION OF REGULATIONS
Priority: Info./Admin./Other
Legal Authority: 26 USC 7805
CFR Citation: 27 CFR 41; 27 CFR 275
Legal Deadline: None
Abstract: TTB is recodifying the regulations in part 275, Importation
of Tobacco Products and Cigarette Papers and Tubes. The purpose of this
recodification is to reissue the regulations in part 275 of title 27 of
the Code of Federal Regulations (CFR) as 27 CFR part 41. In addition,
we are making the necessary nomenclature changes to this part due to
the reorganization of ATF into two separate bureaus.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC46
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA20
_______________________________________________________________________
2645. PRODUCTION OF DRIED FRUIT AND HONEY WINES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 5381; 26 USC 5382; 26 USC 5385; 26 USC 5386; 26
USC 5387
CFR Citation: 27 CFR 24
Legal Deadline: None
Abstract: TTB has received two petitions relating to the production of
agricultural wines. One petition proposes that the wine regulations be
amended to allow for the production of dried fruit wines with an
alcohol by volume content of more than 14 percent. The second petition
proposes that the regulations be amended to allow for the production of
honey wines with a starting Brix of less than 22 degrees.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/02/03                    68 FR 39500
NPRM Comment Period End         09/02/03
Final Action                    01/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC48
Agency Contact: Jennifer Berry, TTB Specialist, Department of the
Treasury, 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-AA21
_______________________________________________________________________
2646. PROPOSED ``SAN BERNABE'' VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
[[Page 73407]]
Abstract: TTB has received petitions proposing the establishment of the
``San Bernabe'' viticultural area and the realignment of the San Lucas
American Viticultural Area (AVA). Both areas are situated within the
Central Coast AVA and the Monterey AVA and are located in central
Monterey County, California. The San Lucas realignment will transfer
1,100 northwest acres to the San Bernabe southern area in an effort to
conform with the geography of the new area. No comments were received
in response to the notice of proposed rulemaking and the draft final
rule is being prepared for review.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/14/03                    68 FR 25851
NPRM Comment Period End         07/14/03
Final Action                    02/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC60
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA28
_______________________________________________________________________
2647. 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                    01/00/04
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, 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
_______________________________________________________________________
2648. PETITION TO ESTABLISH ``RED HILLS LAKE COUNTY'' AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The comment period for the Red Hills (California) 31,250--
acre proposed viticultural area closed in March 2003. Based on the 14
public comments and requests by the petitioning group, the name will be
finalized as Red Hills Lake County, to better identify the location of
the viticultural area. The originally petitioned boundaries will be
expanded to the northwest to include Benson Ridge. A draft final rule
is in review.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/30/02                    67 FR 66083
NPRM Comment Period End         12/30/02
NPRM Comment Period Reopened    01/16/03                     68 FR 2262
Second NPRM Comment Period End  03/17/03
Final Action                    02/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC66
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 541 757--0044
Email: nancy.sutton@ttb.gov
RIN: 1513-AA33
_______________________________________________________________________
2649. PETITION TO ESTABLISH ``BENNETT VALLEY'' AS AN AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The proposed 8,100--acre viticultural area is located
entirely within the North Coast viticultural area of northern
California, Sonoma County, and predominantly within the Sonoma Valley
viticultural area. There are small overlaps into the Sonoma Coast and
Sonoma Mountain viticultural areas. The petitioned area is
approximately 40 miles northeast of San Francisco and is bordered by
mountains, foothills, and the City of Santa Rosa. Currently, there are
650 acres of vineyards. The notice of proposed rulemaking comment
period closed January 21, 2003, with no comments received. The final
rule is being reviewed.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/22/02                    67 FR 70352
NPRM Comment Period End         01/21/03
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC72
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA36
[[Page 73408]]
_______________________________________________________________________
2650. PETITION FOR THE ESTABLISHMENT OF ``RED HILL'' AS AN AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 205(e)
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB received a petition proposing the establishment of ``Red
Hill'' as an American viticultural area located within the State of
Oregon. The proposed viticultural area consists of approximately 1,668
acres or 8.6 square miles.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/30/02                    67 FR 66079
NPRM Comment Period End         12/30/02
NPRM Comment Period Reopened    01/16/03                     68 FR 2262
Second NPRM Comment Period End  03/17/03
Final Action                    01/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC76
Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue
NW., Washington, DC 20226
Phone: 202 927--8196
Fax: 202 927--8525
Email: timothy.devanney@ttb.gov
RIN: 1513-AA39
_______________________________________________________________________
2651. PETITION TO CHANGE THE TEMECULA VITICULTURAL AREA'S NAME TO
TEMECULA VALLEY
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: The proposed name change from Temecula to Temecula Valley is
intended to provide a more accurate portrayal of the viticultural area,
geographically and politically, and to provide clarity to wine
consumers. The boundaries will not change. The notice of proposed
rulemaking comment period closed December 20, 2002, with favorable
comments received. The final rule is being reviewed.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/21/02                    67 FR 64573
NPRM Comment Period End         12/20/02
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC77
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA40
_______________________________________________________________________
2652. PETITION TO ESTABLISH ``ALEXANDRIA LAKES'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB proposes to establish ``Alexandria Lakes'' as a new
American viticultural area. The proposed area is located in Douglas
County, Minnesota. This proposal is a result of a petition filed by
Robert G. Johnson on behalf of Carlos Creek Winery.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/23/03                     68 FR 3199
NPRM Comment Period End         03/24/03
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC85
Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660
Phone: 301 290--1460
Fax: 301 290--1463
Email: lisa.gesser@ttb.treas.gov
RIN: 1513-AA45
_______________________________________________________________________
2653. 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 United States Department of Agriculture's National
Organic Program (NOP) rules. The mandatory compliance date for the NOP
rules was October 21, 2002. TTB requested comments on the temporary
rule in an associated notice of proposed rulemaking. Comments were due
March 27, 2003.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/08/02                    67 FR 62860
Temporary Rule                  10/08/02                    67 FR 62856
NPRM Comment Period Reopened    12/27/02                    67 FR 79011
NPRM Comment Period Reopened    05/09/03                    68 FR 24903
Final Action                    01/00/04
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, Tax and Trade Bureau, 650 Massachusetts Avenue NW.,
Washington, DC 20226
Phone: 202 927--8210
Fax: 202 927--8525
Email: marjorie.ruhf@ttb.gov
RIN: 1513-AA46
_______________________________________________________________________
2654. PETITION TO ESTABLISH ``OAK KNOLL DISTRICT'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
[[Page 73409]]
Abstract: TTB is proposing the establishment of the ``Oak Knoll
District--Napa Valley'' viticultural area in Napa County, California.
This action is in response to a petition by the Oak Knoll District
Committee.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/09/02                    67 FR 45437
NPRM Comment Period End         09/09/02
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC89
Agency Contact: Joanne Brady, TTB Specialist, Department of the
Treasury, 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-AA48
_______________________________________________________________________
2655. PETITION TO ESTABLISH ``DUNDEE 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 from the North Willamette Valley
AVA Group proposing to establish the ``Dundee Hills'' American
viticultural area in Yamhill County, Oregon. This petitioned
viticultural area has 6,490 acres, with 1,264 acres planted to wine
grapes, and is on the north side of the Willamette Valley viticultural
area in northwest Oregon. In November 2002, the petitioning group
amended their viticultural area petition from the Red Hills of Dundee
to the Dundee Hills to avoid confusion with any other Red Hills
viticultural area. Substantiating name evidence for the ``Dundee
Hills'' name has been provided. The notice of proposed rulemaking
published August 15, 2003.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/15/03                    68 FR 48839
NPRM Comment Period End         10/14/03
Final Action                    05/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC91
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA50
_______________________________________________________________________
2656. 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 advertising and labeling
regulations in plain language. This revision will make no substantive
changes to the current 27 CFR part 7.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/27/02                    67 FR 43496
NPRM Comment Period End         08/26/02
NPRM Comment Period Extended    08/27/02                    67 FR 54388
NPRM Comment Period End         09/25/02
Final Action                    11/00/03
Final Action Effective          01/00/04
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, Tax and Trade Bureau, Room 701, 10 Causeway Street, Boston,
MA 02222
Phone: 617 557--1323
Fax: 617 557--1251
Email: charles.bacon@ttb.treas.gov
RIN: 1513-AA60
_______________________________________________________________________
2657. ELECTRONIC SIGNATURES; ELECTRONIC SUBMISSION OF FORMS TO TTB
Priority: Other Significant
Legal Authority: Not Yet Determined
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: TTB proposes to amend the regulations to permit industry
members to use electronic technology to reduce the need for and storage
of paper documents. In order to accomplish our goals, we are proposing
to allow industry members to use electronic signatures to sign certain
forms instead of using traditional handwritten signatures, and submit
certain forms to TTB electronically through an electronic document
receiving system that we approve.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/11/03                    68 FR 17760
NPRM Comment Period End         05/12/03
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: Transferred from RIN 1512--AC84
Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660
Phone: 301 290--1460
Fax: 301 290--1463
Email: lisa.gesser@ttb.treas.gov
RIN: 1513-AA61
_______________________________________________________________________
2658. PETITION TO ESTABLISH ``MCMINNVILLE'' AS AN AMERICAN VITICULTURAL
AREA IN OREGON
Priority: Substantive, Nonsignificant
Legal Authority: 27 USC 205
CFR Citation: 27 CFR 9
Legal Deadline: None
Abstract: TTB has received a petition proposing ``McMinnville'' as a
new American viticultural area in Oregon.
[[Page 73410]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/27/03                    68 FR 38248
NPRM Comment Period End         08/26/03
Final Action                    01/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Jennifer Berry, TTB Specialist, Department of the
Treasury, 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-AA63
_______________________________________________________________________
2659. PETITION NO. 1 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: TTB received a petition in August 2002, from Mr. Donald
Carano to expand the Russian River Valley viticultural area's east
boundary area by 767 acres in Sonoma County, California. The public
comments indicated a general acceptance, without significant
opposition, to the expansion area. The final rule is in review.
More recently TTB received a separate petition (RIN 1513--AA67) from
the Russian River Valley Winegrowers group proposing a larger expansion
to the east and south of the original Russian River Valley viticultural
boundaries, which includes this smaller expansion. The second expansion
petition will be addressed in a separate notice of proposed rulemaking.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/08/03                     68 FR 1020
NPRM Comment Period End         03/10/03
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Nancy Sutton, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures
Division, 650 Massachusetts Avenue NW., Washington, DC 20226
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA68
_______________________________________________________________________
2660. [bull] ADMINISTRATIVE CHANGES TO ALCOHOL, TOBACCO, AND FIREARMS
REGULATIONS DUE TO THE HOMELAND SECURITY ACT OF 2002
Priority: Info./Admin./Other. Major status under 5 USC 801 is
undetermined.
Legal Authority: PL 107--296; . . .
CFR Citation: 27 CFR 1; 27 CFR 4; 27 CFR 5; 27 CFR 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                    12/00/03
Final Action Effective          12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the
Treasury, Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660
Phone: 301 290--1460
Fax: 301 290--1463
Email: lisa.gesser@ttb.treas.gov
RIN: 1513-AA80
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
2661. EXPORTATION OF LIQUORS
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 252
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           09/08/92                    57 FR 40887
ANPRM Comment Period End        10/08/92
ANPRM Comment Period Extended   10/15/92                    57 FR 47320
ANPRM Comment Period Extended
End                             12/07/92
ANPRM                           08/09/96                    61 FR 41500
ANPRM Comment Period End        12/10/96
NPRM                            06/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Joanne Brady
Phone: 215 333--7050
Fax: 215 333--8871
Email: joanne.brady@ttb.treas.gov
RIN: 1513-AA00
_______________________________________________________________________
2662. ALCOHOLIC CONTENT LABELING FOR MALT BEVERAGES
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 7
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/19/93                    58 FR 21233
Interim Final Rule              04/19/93                    58 FR 21228
NPRM Comment Period Extended    07/19/93                    58 FR 38543
NPRM Comment Period End         07/19/93
[[Page 73411]]
NPRM Comment Period Extended End09/17/93
Second NPRM                      To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Bernard J. Kipp
Phone: 503 356--1341
Fax: 503 356--8664
Email: bernard.kipp@ttb.gov
RIN: 1513-AA01
_______________________________________________________________________
2663. 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
Interim Final Rule              06/02/97                    62 FR 29663
NPRM Comment Period End         08/01/97
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
_______________________________________________________________________
2664. 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
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
_______________________________________________________________________
2665. 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
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
_______________________________________________________________________
2666. SAKE REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: Not Yet Determined
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
End Review                      08/21/03
Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Bernard J. Kipp
Phone: 503 356--1341
Fax: 503 356--8664
Email: bernard.kipp@ttb.gov
RIN: 1513-AA11
_______________________________________________________________________
2667. 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
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
_______________________________________________________________________
2668. REMOVAL OF REQUIREMENT TO DISCLOSE SACCHARIN IN THE LABELING OF
WINE, DISTILLED SPIRITS, AND MALT BEVERAGES
Priority: Info./Admin./Other
CFR Citation: 27 CFR 4.32(d); 27 CFR 5.32(b)(6); 27 CFR 7.22(b)(5)
Timetable: Next Action Undetermined
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-AA15
_______________________________________________________________________
2669. LIQUOR DEALERS; RECODIFICATION OF REGULATIONS
Priority: Info./Admin./Other
CFR Citation: 27 CFR 31; 27 CFR 194; . . .
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                     To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Karl Joedicke
Phone: 202 927--7460
Fax: 202 927--8525
Email: karl.joedicke@ttb.gov
RIN: 1513-AA19
_______________________________________________________________________
2670. PROPOSED REVISIONS TO THE DISTILLED SPIRITS PLANT REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 19
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                             To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Daniel J. Hiland
Phone: 202 927--8210
Fax: 202 927--8525
Email: daniel.hiland@ttb.gov
RIN: 1513-AA23
[[Page 73412]]
_______________________________________________________________________
2671. PETITION TO ESTABLISH ``SENECA LAKE'' AS AN AMERICAN VITICULTURAL
AREA
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 9
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/21/02                    67 FR 64575
NPRM Comment Period End         12/20/02
Final Action                     To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Kristy Colon
Phone: 202 927--8210
Fax: 202 927--8525
Email: kristy.colon@ttb.treas.gov
RIN: 1513-AA34
_______________________________________________________________________
2672. TAX--PAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT
FOR BEVERAGE USE
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 17
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                             To Be                       Determined
Regulatory Flexibility Analysis Required: 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-AA37
_______________________________________________________________________
2673. PETITION TO ESTABLISH ``COLUMBIA GORGE'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 9
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/27/03                    68 FR 38251
NPRM Comment Period End         08/26/03
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Nancy Sutton
Phone: 415 271--1254
Fax: 707 773--1415
Email: nancy.sutton@ttb.gov
RIN: 1513-AA43
_______________________________________________________________________
2674. ELIMINATE REQUIREMENT TO ENROLL TO PRACTICE BEFORE THE BUREAU
Priority: Substantive, Nonsignificant
CFR Citation: 31 CFR 8
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                     To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Timothy P. DeVanney
Phone: 202 927--8196
Fax: 202 927--8525
Email: timothy.devanney@ttb.gov
RIN: 1513-AA62
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Alcohol and Tobacco Tax and Trade Bureau (TTB)
_______________________________________________________________________
2675. AMELIORATION OF FRUIT AND AGRICULTURAL WINES; TECHNICAL AMENDMENTS
Priority: Info./Admin./Other
CFR Citation: 27 CFR 4
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action                    07/02/03                    68 FR 39454
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jennifer Berry
Phone: 540 344--9333
Fax: 540 344--5855
Email: jennifer.berry@ttb.gov
RIN: 1513-AA30
_______________________________________________________________________
2676. REMOVAL OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES WITHOUT
PAYMENT OF TAX FOR USE IN THE UNITED STATES
Priority: Info./Admin./Other
CFR Citation: 27 CFR 45
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/18/03
Regulatory Flexibility Analysis Required: 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-AA38
_______________________________________________________________________
2677. PETITION TO ESTABLISH ``UPPER ARROYO GRANDE'' AS A NEW AMERICAN
VITICULTURAL AREA
Priority: Substantive, Nonsignificant
CFR Citation: 27 CFR 9
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       07/18/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Timothy P. DeVanney
Phone: 202 927--8196
Fax: 202 927--8525
Email: timothy.devanney@ttb.gov
RIN: 1513-AA56
BILLING CODE 4810--33--S
[[Page 73413]]
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2678. [bull] INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF
PRIVACY NOTICES UNDER THE GRAMM--LEACH--BLILEY ACT
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 15 USC 6801 et seq
CFR Citation: 12 CFR 40
Legal Deadline: None
Abstract: The OCC, Board of Governors of the Federal Reserve System,
Federal Deposit Insurance Corporation, Office of Thrift Supervision,
National Credit Union Administration, Federal Trade Commission,
Commodities Futures Trading Commission, and Securities and Exchange
Commission (collectively, the Agencies) are requesting comment on
whether the Agencies should consider amending the regulations that
implement sections 502 and 503 of the Gramm--Leach--Bliley Act to allow
or require financial institutions to provide alternative types of
privacy notices, such as a short privacy notice, that would be easier
for consumers to understand.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Federalism:  Undetermined
Agency Contact: Amy S. Friend, Assistant Chief Counsel, Department of
the Treasury, Comptroller of the Currency, Office of the Chief Counsel,
250 E Street SW., Washington, DC 20219
Phone: 202 874--5200
Fax: 202 874--5374
Email: amy.friend@occ.treas.gov
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-AC80
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2679. MAINTENANCE OF RECORDS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1 et seq; 12 USC 92; 12 USC 92a; 12 USC 93; 12
USC 93a; 12 USC 481; 12 USC 484; 12 USC 1818
CFR Citation: 12 CFR 7
Legal Deadline: None
Abstract: The notice of proposed rulemaking would invite comment on a
revision to part 7 that would require entities subject to the
jurisdiction of the OCC to establish and maintain accurate and complete
documentation and records, and allow the OCC timely access to such
records. The proposed revision in part 7 would also provide that when a
bank discloses documents and records to the OCC during the supervisory
process, such a disclosure is not voluntary and is not made to an
adversary. The OCC anticipates that this proposed rule would not have a
significant impact on national banks.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Patrick Tierney, 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-AB99
_______________________________________________________________________
2680. INTERAGENCY GUIDELINES ESTABLISHING STANDARDS FOR SAFETY AND
SOUNDNESS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 12 USC 93a; 12 USC 1818; 12 USC 1831--p; 12 USC
3102(b); 15 USC 6801; 15 USC 6805(b)(6)
CFR Citation: 12 CFR 30
Legal Deadline: None
Abstract: The OCC and the other Federal banking agencies plan to issue
a notice of proposed rulemaking to amend their Interagency Guidelines
Establishing Standards for Safety and Soundness. The amendment would
add a new subsection, pursuant to which a depository institution should
establish and maintain new policies and standards designed to ensure an
effective system of corporate governance. This amendment is intended to
address potential weaknesses in management and corporate governance
practices.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Heidi M. Thomas, Special Counsel, Department of the
Treasury, Comptroller of the Currency, Legislative and Regulatory
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874--5090
Fax: 202 874--4889
Email: heidi.thomas@occ.treas.gov
RIN: 1557-AC08
_______________________________________________________________________
2681. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1 et seq; 12 USC 24a; 12 USC 24 (Seventh); 12
USC 93a; 12 USC 3101 et seq
CFR Citation: 12 CFR 5
Legal Deadline: None
Abstract: The OCC plans to issue a notice of proposed rulemaking that
will require national banks to receive OCC approval before selling or
otherwise disposing of all or substantially all of its assets. This
proposed rule also provides that the OCC will apply the same standards
as it applies to the establishment of a de novo bank to notices to
acquire control of such a bank.
[[Page 73414]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Heidi M. Thomas, Special Counsel, Department of the
Treasury, Comptroller of the Currency, Legislative and Regulatory
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874--5090
Fax: 202 874--4889
Email: heidi.thomas@occ.treas.gov
RIN: 1557-AC11
_______________________________________________________________________
2682. [bull] RISK--BASED CAPITAL; CAPITAL ADEQUACY GUIDELINES; CAPITAL
MAINTENANCE: ASSET--BACKED COMMERCIAL PAPER PROGRAMS AND EARLY
AMORTIZATION PROVISIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 93a
CFR Citation: 12 CFR 3
Legal Deadline: None
Abstract: The OCC, Federal Reserve Board, Federal Deposit Insurance
Corporation, and the Office of Thrift Supervision are proposing to
amend their risk--based capital standards by removing the April 1,
2004, sunset provision in order to permanently adopt the interim rule,
issued concurrently, that permits sponsoring banks, bank holding
companies, and thrifts to exclude from risk--weighted assets those
assets in asset--backed commercial paper (ABCP) programs consolidated
onto sponsoring banking organizations' balance sheets as a result of a
recently issued accounting interpretation, Financial Accounting
Standards Board Interpretation No. 46, Consolidation of Variable
Interest Entities (FIN 46). In addition, the proposed rule would
increase the risk--based capital requirement for liquidity facilities
with an original maturity of one year or less that banking
organizations provide to ABCP Programs. Finally, the proposed rule
would require a risk--based capital charge for early amortization risk
associated with certain types of revolving securitizations by generally
requiring banks to hold a marginal increase in capital for revolving
securitizations as their level of excess spread decreases.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/01/03                    68 FR 56568
NPRM Comment Period End         11/17/03
Final Action                     To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Ron Shimabukuro, Special Counsel, Department of the
Treasury, Comptroller of the Currency, Legislative and Regulatory
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874--5090
Fax: 202 874--4889
Email: ron.shimabukuro@occ.treas.gov
RIN: 1557-AC77
_______________________________________________________________________
2683. [bull] RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES;
LICENSING PROCEDURES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 1 et seq; 12 USC 24a; 12 USC 24(seventh); 12
USC 93a; 12 USC 3101 et seq.
CFR Citation: 12 CFR 5
Legal Deadline: None
Abstract: The OCC plans to issue a notice of proposed rulemaking to
revise certain rules regarding corporate activities. The amendments
would update and streamline part 5 licensing procedures, which would
increase efficiencies and reduce process costs for national banks and
the OCC.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Patrick Tierney, 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-AC79
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Comptroller of the Currency (OCC)
_______________________________________________________________________
2684. CAPITAL RULES
Priority: Substantive, Nonsignificant
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 the OCC's ongoing efforts to develop and refine
capital standards to ensure the safety and soundness of the national
banking system and to implement statutory requirements, the OCC is
amending various provisions of the capital rules for national banks.
Specifically, these changes include: 1) new Basel capital accord (Basel
II) (formerly referred to as domestic capital framework); and 2)
securities borrowing transactions. The OCC is conducting both of these
rulemakings jointly with the other Federal banking agencies.
Timetable:
________________________________________________________________________
Implementation of a Revised Basel Capital Accord (formerly Domestic
Capital Framework) (1557--AC48)  ANPRM 11/03/00 (65 FR 66193)  ANPRM
Comment Period End 02/01/01  ANPRM 08/04/03 (68 FR 45900)  ANPRM
Comment Period End 11/03/03
Securities Borrowing Transactions (1557--AC39)  Interim Final Rule 12/
05/00 (65 FR 75856)  Interim Final Rule Comment Period End 01/19/
01  Final Rule 12/00/03
[[Page 73415]]
Regulatory Flexibility Analysis Required: 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
Laura Goldman, 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: laura.goldman@occ.treas.gov
RIN: 1557-AB14
_______________________________________________________________________
2685. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES AND BANK
ACTIVITIES AND OPERATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1 et seq; 12 USC 24 (Seventh); 12 USC 92a; 12
USC 93a; 12 USC 161; 12 USC 602; 12 USC 1818; 12 USC 1828(n); 12 USC
1828 note; 12 USC 1831n note; 12 USC 1831o; 12 USC 1835; 12 USC 3101 et
seq; 12 USC 3901 et seq; 12 USC 3907; 12 USC 3909; 12 USC 24a, sec
5136A of the Revised Statutes; 15 USC 78q; 15 USC 78q--1; 15 USC 78w;
12 USC 29; 12 USC 371; 12 USC 215a--2; 12 USC 215a--3; 12 USC 92; 12
USC 93; 12 USC 481; 12 USC 484; 12 USC 1701j--3; 12 USC 3331 et seq; 12
USC 1828(o)
CFR Citation: 12 CFR 3; 12 CFR 5 to 7; 12 CFR 9; 12 CFR 28; 12 CFR 34
Legal Deadline: None
Abstract: The OCC issued a notice of proposed rulemaking to amend part
5 to implement the authority for national banks to merge with one or
more of their nonbank affiliates contained in section 1206 of the
American Homeownership and Economic Opportunity Act of 2000 (AHEOA).
The OCC also plans to amend part 5 to implement the authority in
section 1204 of AHEOA by adding a new section setting forth the
application and prior approval requirements for national banks
contemplating reorganization as a subsidiary of a bank holding company.
In addition, the OCC also plans to implement section 1205 of AHEOA by
amending part 7 to permit national banks to adopt bylaws providing for
staggered boards of directors and to permit national banks to apply to
expand the size of their boards of directors over 25 members. The OCC
also plans to make other amendments to parts 5, 7, 9, and 34, as well
as certain technical amendments to parts 3, 6, and 28.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/07/03                     68 FR 6363
NPRM Comment Period End         04/08/03
Final Rule                      12/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Andra Shuster, 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: andra.shuster@occ.treas.gov
RIN: 1557-AB97
_______________________________________________________________________
2686. INTERNATIONAL BANKING ACTIVITIES
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1 et seq; 12 USC 24 (Seventh); 12 USC 93a; 12
USC 161; 12 USC 602; 12 USC 1818; 12 USC 3101 et seq; 12 USC 3901 et
seq
CFR Citation: 12 CFR 28; 12 CFR 5
Legal Deadline: None
Abstract: The OCC plans to issue a final rule that will clarify or
revise a number of application or notice procedures, including the
standards for approval that would apply. It permits Federal branches
and agencies to operate with one license in the United States, with a
license issued only for the initial Federal branch or agency, rather
than requiring each office of a foreign bank to have a separate
license. It also permits a Federal branch to operate a loan production
office as part of its branch license. In addition, the OCC proposes to
implement through its regulation a number of OCC interpretations
regarding the capital equivalency deposit required of Federal branches
and agencies. Finally, the OCC proposes to revise several definitions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/23/03                    68 FR 19949
NPRM Comment Period End         06/23/03
Final Rule                      12/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Lee Walzer, 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: lee.walzer@occ.treas.gov
RIN: 1557-AC04
_______________________________________________________________________
2687. REPORTING AND DISCLOSURE REQUIREMENTS FOR NATIONAL BANKS WITH
SECURITIES REGISTERED UNDER THE SECURITIES EXCHANGE ACT OF 1934;
SECURITIES OFFERING DISCLOSURE RULES
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1 et seq; 12 USC 93a; 15 USC 78l; 15 USC 78m;
15 USC 78n; 15 USC 78p; 15 USC 78w
CFR Citation: 12 CFR 11; 12 CFR 16
Legal Deadline: None
Abstract: The Sarbanes--Oxley Act of 2002 made amendments to section
12(i) of the Securities Exchange Act of 1934. These amendments vested
the OCC with authority to administer and enforce several of the
enhanced reporting, disclosure, and corporate governance obligations
imposed by the Sarbanes--Oxley Act with respect to national banks that
have a class of securities registered under the Securities Exchange Act
of 1934. The final rule would amend the Securities Exchange Act
disclosure rules applicable to national banks to reflect the
amendmenmts to section 12(i) of the Securities Exchange Act of 1934.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/21/03                    68 FR 27753
NPRM Comment Period End         06/20/03
Final Rule                      12/00/03
[[Page 73416]]
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Maryann Orr Nash, 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: maryann.nash@occ.treas.gov
RIN: 1557-AC12
_______________________________________________________________________
2688. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES
(ELECTRONIC FILINGS)
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC et seq; 12 USC 24a; 12 USC 24 (Seventh); 12 USC
93a; 12 USC 3101 et seq
CFR Citation: 12 CFR 5
Legal Deadline: None
Abstract: The interim final rule made revisions to part 5 filing
requirements to facilitate electronic filings for certain applications.
The purpose of these changes is to permit national banks to file
certain classes of applications electronically and to inform national
banks where they may find detailed procedural information on electronic
filings. The rule also amended part 5 to clarify the circumstances
under which the OCC may adopt filing procedures different from those
otherwise required by part 5.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              04/14/03                    68 FR 17890
Interim Final Rule Effective    04/14/03
Interim Final Rule Comment
Period End                      06/13/03
Final Rule                      12/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jean Campbell, 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-AC13
_______________________________________________________________________
2689. [bull] BANK ACTIVITIES AND OPERATIONS; REAL ESTATE LENDING AND
APPRAISALS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 1 et seq; 12 USC 71; 12 USC 71a; 12 USC 93a; 12
USC 29; 12 USC 371; 12 USC 1701j--3; 12 USC 1828(o); 12 USC 3331 et seq
CFR Citation: 12 CFR 7; 12 CFR 34
Legal Deadline: None
Abstract: The OCC issued a notice of proposed rulemaking to amend parts
7 and 34 of its regulations to add provisions clarifying the
applicability of State law to national banks. These provisions would
identify types of State laws that are preempted, as well as types of
State laws that generally are not preempted, in the context of national
bank lending, deposit--taking, and other activities.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/05/03                    68 FR 46119
NPRM Comment Period End         10/06/03
Final Rule                      12/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: State
Federalism:  This action may have federalism implications as defined in
EO 13132.
Agency Contact: Andra Shuster, 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: andra.shuster@occ.treas.gov
RIN: 1557-AC73
_______________________________________________________________________
2690. [bull] ELECTRONIC FILING AND DISCLOSURE OF BENEFICIAL OWNERSHIP
REPORTS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 93a; 15 USC 78l; 15 USC 78p
CFR Citation: 12 CFR 11
Legal Deadline: None
Abstract: The Sarbanes--Oxley Act of 2002 made amendments to section
16(a) of the Securities Exchange Act of 1934, which requires the filing
of beneficial ownership reports by officers, directors, and principal
shareholders of issuers of securities. The OCC is issuing an interim
rule with request for comment to require that beneficial ownership
reports be filed electronically by officers, directors, and principal
shareholders of national banks, pursuant to the amendments of the
Sarbanes--Oxley Act.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              09/22/03                    68 FR 54981
Interim Final Rule Comment
Period End                      11/21/03
Interim Final Rule Effective    01/01/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Martha Vestal Clarke, Counsel, Department of the
Treasury, Comptroller of the Currency, Legislative and Regulatory
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874--5090
Fax: 202 874--4889
Email: martha.clarke@occ.treas.gov
RIN: 1557-AC75
_______________________________________________________________________
2691. [bull] RISK--BASED CAPITAL; CAPITAL ADEQUACY GUIDELINES; CAPITAL
MAINTENANCE: INTERIM CAPITAL TREATMENT OF CONSOLIDATED ASSET--BACKED
COMMERCIAL PAPER PROGRAM ASSETS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 93a
CFR Citation: 12 CFR 3
Legal Deadline: None
Abstract: The OCC, together with the Federal Reserve Board, the Federal
Deposit Insurance Corporation, and the Office of Thrift Supervision,
plan to amend their risk--based capital standards by providing an
interim treatment for assets in asset--backed commercial paper (ABCP)
programs that are consolidated onto the balance sheets of sponsoring
banks, bank holding companies, and thrifts as a
[[Page 73417]]
result of a recently issued accounting interpretation, Financial
Accounting Standards Board Interpretation No. 46, Consolidation of
Variable Interest Entities (FIN 46). Specifically, the interim capital
treatment allows sponsoring banking organizations to remove
consolidated ABCP program assets from their risk--weighted asset base
for the purpose of calculating their risk--based capital ratios.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              10/01/03                    68 FR 56530
Interim Final Rule Effective    10/01/03
Interim Final Rule Comment
Period End                      11/17/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Ron Shimabukuro, Special Counsel, Department of the
Treasury, Comptroller of the Currency, Legislative and Regulatory
Activities Division, 250 E Street SW., Washington, DC 20219
Phone: 202 874--5090
Fax: 202 874--4889
Email: ron.shimabukuro@occ.treas.gov
RIN: 1557-AC76
_______________________________________________________________________
2692. [bull] BANK ACTIVITIES AND OPERATIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 1 et seq; 12 USC 71; 12 USC 71a; 12 USC 92; 12
USC 92a; 12 USC 93; 12 USC 93a; 12 USC 481; 12 USC 484; 12 USC 1818
CFR Citation: 12 CFR 7
Legal Deadline: None
Abstract: The OCC plans to issue a final rule amending 12 CFR part 7 by
amending the rules regarding visitorial powers. The amendments clarify
the extent of the OCC's visitorial authority and the application of
exceptions to that authority.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/07/03                     68 FR 6363
Final Rule                      12/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: State
Federalism:  This action may have federalism implications as defined in
EO 13132.
Agency Contact: Andra Shuster, 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: andra.shuster@occ.treas.gov
RIN: 1557-AC78
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2693. RULES AND PROCEDURES FOR CLAIMS AGAINST OCC--APPOINTED
RECEIVERSHIPS FOR UNINSURED FINANCIAL INSTITUTIONS
Priority: Substantive, Nonsignificant
CFR Citation: Not Yet Determined
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                             To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Mitchell Plave
Phone: 202 874--5090
Fax: 202 874--4889
Email: mitchell.plave@occ.treas.gov
RIN: 1557-AB59
_______________________________________________________________________
2694. FAIR CREDIT REPORTING REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: Not Yet Determined
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/20/00                    65 FR 63120
NPRM Comment Period End         12/04/00
NPRM Update                     03/27/01                    66 FR 16624
Second NPRM                      To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Lee Walzer
Phone: 202 874--5090
Fax: 202 874--4889
Email: lee.walzer@occ.treas.gov
RIN: 1557-AB78
_______________________________________________________________________
2695. 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                            12/00/04
Regulatory Flexibility Analysis Required: 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
_______________________________________________________________________
2696. COMMUNITY REINVESTMENT ACT REGULATION
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 25
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           07/19/01                    66 FR 37602
ANPRM Comment Period End        10/17/01
NPRM                             To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Margaret Hesse
Phone: 202 874--5750
Fax: 202 874--5322
Email: margaret.hesse@occ.treas.gov
Patrick Tierney
Phone: 202 874--5090
Fax: 202 874--4889
Email: patrick.tierney@occ.treas.gov
RIN: 1557-AB98
[[Page 73418]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Comptroller of the Currency (OCC)
_______________________________________________________________________
2697. CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS ASSOCIATIONS,
AND CERTAIN NONFEDERALLY REGULATED BANKS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 21; 31 CFR 103
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      05/09/03                    68 FR 25090
Final Action Effective          06/09/03
Compliance Date                 10/01/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Deborah Katz
Phone: 202 874--5090
Fax: 202 874--4889
Email: deborah.katz@occ.treas.gov
RIN: 1557-AC06
_______________________________________________________________________
2698. COMMUNITY AND ECONOMIC DEVELOPMENT ENTITIES, COMMUNITY DEVELOPMENT
PROJECTS, AND OTHER PUBLIC WELFARE INVESTMENTS (12 CFR PART 24)
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 24
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      08/15/03                    68 FR 48771
Final Rule Effective            09/15/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Michele Meyer
Phone: 202 874--5090
Fax: 202 874--4889
Email: michele.meyer@occ.treas.gov
RIN: 1557-AC09
_______________________________________________________________________
2699. REMOVAL, SUSPENSION, AND DEBARMENT OF INDEPENDENT ACCOUNTANTS FROM
PERFORMING AUDIT SERVICES
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 19
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      08/13/03                    68 FR 48256
Final Rule Effective            10/01/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Mitchell Plave
Phone: 202 874--5090
Fax: 202 874--4889
Email: mitchell.plave@occ.treas.gov
RIN: 1557-AC10
BILLING CODE 4830--01--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2700. HAND CARRYING RETURNS (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6091
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This temporary regulation provides guidance to taxpayers
under section 6091 of the Code regarding the place of filing for hand--
carried returns. The regulations reflect the changes in organizational
structure of the IRS that may affect where taxpayers may file hand--
carried returns.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--138173--02
Drafting attorney: Emly B. Berndt (202) 622--4940
Reviewing attorney: Ashton P. Trice (202) 622--4940
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:APJP
Agency Contact: Emly B. Berndt, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4940
RIN: 1545-BB45
_______________________________________________________________________
2701. CORPORATE REORGANIZATIONS; CONTINUITY--TRANSFERS OF ASSETS OR
STOCK FOLLOWING A REORGANIZATION (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides amendments to regulation section
1.368--2(k) of the income tax regulations, which sets forth rules
providing that for certain reorganizations, transfers by the acquiring
corporation of target assets or stock to certain controlled
corporations will not disqualify the transaction from nonrecognition
treatment. The temporary regulations will clarify the reorganizations
subject to these rules.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--165579--02
Drafting attorney: Rebecca O. Burch (202) 622--7550
Reviewing attorney: Wayne Murray (202) 622--7700
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
Agency Contact: Rebecca O. Burch, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
[[Page 73419]]
Phone: 202 622--7550
RIN: 1545-BB81
_______________________________________________________________________
2702. GUIDANCE REGARDING MARK--TO--MARKET VALUATION FOR CERTAIN
SECURITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 475; 26 USC 446
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Section 475(a) requires that dealers in securities must mark
their securities to market. If the security is inventory, the dealer
must include that security at fair market value. Taxpayers must treat
any securities that are not inventory as if they were sold for its fair
market value on the last business day of the year. While the legal
definition of the term ``fair market value'' has long been settled, the
statute is silent as to what valuation methodology should be used to
determine fair market value of any particular security. Many of the
securities subject to section 475 raise difficult valuation issues. An
advanced notice of proposed rulemaking asked for comments on rules and
standards that the IRS is considering using a financial statement--tax
conformity approach for valuing certain securities under section 475
for which the determination of actual fair market value is
administratively difficult. The rules will include: (1) the securities
to which this approach applies; (2) the taxpayers who may elect this
approach; (3) the election into the approach; (4) the applicable
financial statements to be used; (5) the record--keeping, retention,
and availability requirements for verification of financial statement--
tax conformity; and (6) what approach will apply if the election for
financial statement--tax conformity is not made. A notice of proposed
rulemaking will be published after the IRS and the Treasury consider
comments received on the advance notice of rulemaking.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--100420--03
Drafting attorney: Marsha A. Sabin (202) 622--3950
Reviewing attorney: Robert Williams (202) 622--3960
Treasury attorneys: Michael Novey (202) 622--1339 and Viva Hammer (202)
622--0869
CC:FIP
Agency Contact: Marsha A. Sabin, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3950
RIN: 1545-BB90
_______________________________________________________________________
2703. NEW MARKETS TAX CREDIT AMENDMENTS (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 45D; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The temporary regulations will amend regulations section
1.45D--1T involving the new markets tax credit under section 45D. The
amendments will address certain issues involving qualified low--income
community investments under section 45D(d)(1).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG--115471--03
Drafting attorney: Paul F. Handleman (202) 622--3040
Reviewing attorney: Susan Reaman (202) 622--3040
Treasury attorney: Steve Watson (202) 622--1322
CC:PSI
Agency Contact: Paul F. Handleman, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3040
RIN: 1545-BC02
_______________________________________________________________________
2704. [bull] 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 (1)
the linking of borrowing to investment, or (2) 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                           12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--128572--03
[[Page 73420]]
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,
Washinton, DC 20224
Phone: 202 622--3940
RIN: 1545-BC24
_______________________________________________________________________
2705. [bull] SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR
RETURN (ASFR) (TEMPORARY)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805; 26 USC 6020
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The temporary regulation serves to be the Service's
expression of intent that certain documents generated in the substitute
for return (SFR) and Automated Substitute for Return (ASFR) process
constitute section 6020(b) returns for purposes of assessing the
section 6651(a)(2) addition to tax.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: REG--131739--03
Drafting attorney: Tracey B. Leibowitz (202) 622--4940
CC:PA:APJP
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
RIN: 1545-BC46
_______________________________________________________________________
2706. [bull] GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO
MEMBERS OF A CONSOLIDATED GROUP (TEMPORARY)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These temporary 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
________________________________________________________________________
Temporary Regulations           06/00/04
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
CC:CORP
Agency Contact: Amber R. Cook, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7530
RIN: 1545-BC77
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2707. FOREIGN INSURANCE COMPANIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 842; 26 USC 864
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will prescribe rules for determining
investment income effectively connected with the conduct of an
insurance business in the United States by a foreign company.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--209066--88 (INTL--024--88)
Drafting attorney: Sheila Ramaswamy (202) 622--3870
Reviewing attorney: Steven Jensen (202) 622--3870
CC:INTL
Agency Contact: Sheila Ramaswamy, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3870
RIN: 1545-AL82
_______________________________________________________________________
2708. 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
[[Page 73421]]
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                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--209006--89 (INTL--089--89)
Drafting attorney: Tasheaya Warren Ellison (202) 622--3860
Reviewing attorney: Charlie Besecky (202) 622--3860
CC:INTL
Agency Contact: Tasheaya Warren Ellison, Attorney--Advisor, Department
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3860
RIN: 1545-AM97
_______________________________________________________________________
2709. 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                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--208980--89 (INTL--765--89)
Drafting attorney: Valerie A. Mark--Lippe (202) 622--3840
Reviewing attorney: Phyllis Marcus (202) 622--3840
CC:INTL
Agency Contact: Valerie A. Mark--Lippe, Attorney--Advisor, Department
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3840
RIN: 1545-AO25
_______________________________________________________________________
2710. FRINGE BENEFIT SOURCING UNDER SECTION 861
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 861
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will address the circumstances in which an
allocation of income of an individual for the performance of services,
both within and outside the United States, is appropriately made only
on the time basis.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/21/00                     65 FR 3402
Public Hearing                  07/18/00
Second NPRM                     12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--208254--90 (INTL--107--90)
Drafting attorney: David F. Bergkuist (202) 622--3850
Reviewing attorney: Richard L. Chewning (202) 622--3850
CC:INTL
Agency Contact: David F. Bergkuist, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3850
RIN: 1545-AO72
_______________________________________________________________________
2711. 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                     06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--208299--90 (INTL--70--90)
Drafting attorney: Kenneth P. Christman (202) 622--3870
Reviewing attorney: Paul S. Epstein (202) 622--3870
Treasury attorney: Patricia Brown (202) 622--1781
CC:INTL
Agency Contact: Kenneth P. Christman, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3870
RIN: 1545-AP01
_______________________________________________________________________
2712. INFORMATION REPORTING AND RECORD MAINTENANCE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 7801; 26 USC 6038C
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will implement the directives of section
6038C. This will be accomplished by requiring foreign corporations
engaged in a U.S. business to provide specific information regarding
related party transactions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
[[Page 73422]]
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--208265--90 (INTL--102--90)
Drafting attorney: Garrett D. Gregory (202) 622--3870
Reviewing attorney: Paul S. Epstein (202) 622--3870
Treasury attorney: Patricia Brown (202) 622--1781
CC:INTL
Agency Contact: Garrett D. Gregory, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3870
RIN: 1545-AP10
_______________________________________________________________________
2713. 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 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                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--209604--93 (INTL--001--93)
Drafting attorney: Kenneth P. Christman (202) 622--3870
Reviewing attorney: Paul S. Epstein (202) 622--3870
Treasury attorney: Patricia Brown (202) 622--1781
CC:INTL
Agency Contact: Kenneth P. Christman, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3870
RIN: 1545-AR20
_______________________________________________________________________
2714. SOURCE RULES FOR PAYMENTS MADE PURSUANT TO CERTAIN SWAP
ARRANGEMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 863; 26 USC 7701
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide rules for determining the source
and character of payments made in certain swap transactions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--253560--96
Drafting attorney: Paul S. Epstein (202) 622--3870
Reviewing attorney: Paul S. Epstein (202) 622--3870
CC:INTL
Agency Contact: Paul S. Epstein, Senior Technical Reviewer, Department
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3870
RIN: 1545-AU89
_______________________________________________________________________
2715. FOREIGN TAX CREDIT ANTI--ABUSE REGULATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 901; 26 USC 901; 26 USC 904; 26
USC 864; 26 USC 7701
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will disallow foreign tax credits with respect
to foreign taxes generated in certain arrangements from which the
reasonably expected economic profits are insubstantial compared to
expected foreign tax credits.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--103445--98
Drafting attorney: Bethany Ingwalson (202) 622--3850
Reviewing attorney: Barbara A. Felker (202) 622--3850
CC:INTL
Agency Contact: Bethany Ingwalson, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3850
RIN: 1545-AV97
_______________________________________________________________________
2716. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 4261; 26 USC 4271; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations provide guidance concerning the
excise taxes imposed on the amounts paid for the transportation of
persons and property by air.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--106167--98
Drafting attorney: Deane M. Burke (202) 622--3130
Reviewing attorneys: Frank K. Boland (202) 622--3130 and Phillip Howard
(202) 622--3000
[[Page 73423]]
Treasury attorney: John Parcell (202) 622--2578
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--3130
RIN: 1545-AW19
_______________________________________________________________________
2717. CAPITAL GAIN GUIDANCE RELATING TO CRTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1; 26 USC 664
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation provides guidance relating to charitable
remainder trusts in light of the changes made to section 1(h) of the
Internal Revenue Code by the Taxpayer Relief Act of 1997, the Internal
Revenue Service Restructuring and Reform Act of 1998, and the Jobs and
Growth Tax Relief Reconciliation Act of 2003.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--110896--98
Drafting attorney: Theresa M. Melchiorre (202) 622--7830
Reviewing attorney: Katherine A. Mellody (202) 622--3090
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI
Agency Contact: Theresa M. Melchiorre, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7830
RIN: 1545-AW35
_______________________________________________________________________
2718. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1259
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations relate to principles for determining if a
taxpayer has constructively sold an appreciated financial position.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: REG--102191--98
Drafting attorney: Kathleen Sleeth (202) 622--3920
Reviewing attorney: Elizabeth Handler (202) 622--3920
Treasury attorney: Michael Novey (202) 622--1339
CC:FIP
Agency Contact: Kathleen Sleeth, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3920
RIN: 1545-AW97
_______________________________________________________________________
2719. 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 to shipping and aircraft
companies for application of the source rules for certain income under
sections 863(c) and 863(d), and for related space or ocean activity
income that is also foreign--based company shipping income under
section 954(f).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--115557--98
Drafting attorney: Patricia A. Bray (202) 622--3880
Reviewing attorney: Elizabeth Karzon (202) 622--3880
Treasury attorney: Carl Dubert (202) 622--0222
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
_______________________________________________________________________
2720. DEFINITION OF ACCOUNTING METHOD
Priority: Substantive, Nonsignificant
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                            03/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--105228--99
Drafting attorney: Jeffery G. Mitchell (202) 622--4970
Reviewing attorney: Thomas Luxner (202) 622--4970
Treasury attorney: Sharon Kay (202) 622--0865
CC:ITA
[[Page 73424]]
Agency Contact: Jeffery G. Mitchell, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4970
RIN: 1545-AX21
_______________________________________________________________________
2721. 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                            12/00/03
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: Julian Kim (202) 622--1981
CC:PA:APJP
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
_______________________________________________________________________
2722. HIGHLY COMPENSATED EMPLOYEE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 414
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulations will provide the definition of highly
compensated employee.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--111277--99
Drafting attorney: R. Lisa Mojiri--Azad (202) 622--6080
Reviewing attorney: Marjorie Hoffman (202) 622--6030
CC:TEGE
Agency Contact: R. Lisa Mojiri--Azad, Senior Attorney, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6080
RIN: 1545-AX48
_______________________________________________________________________
2723. 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                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--116053--99
Drafting attorney: Robert W. Lorence (202) 622--3860
Reviewing attorney: Charles Besecky (202) 622--3860
Treasury attorney: Michael Caballero (202) 622--0851
CC:INTL
Agency Contact: Robert W. Lorence, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3860
RIN: 1545-AX77
_______________________________________________________________________
2724. CLARIFICATION OF FOREIGN--BASED COMPANY SALES INCOME RULES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 954
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation clarifies when a controlled foreign
corporation cannot exclude sales income from foreign--based company
sales income under the manufacturing exception by reason of activities
of a contract manufacturer. Likewise, the branch rule under IRC section
954(d)(2) does not apply to a contract manufacturer.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism:  Undetermined
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
[[Page 73425]]
Phone: 202 622--3840
RIN: 1545-AX91
_______________________________________________________________________
2725. LIKE--KIND EXCHANGES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 168; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations relate to like--kind exchanges under section
168 of the Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--106590--00
Drafting attorney: Charles Magee (202) 622--3110
Reviewing attorney: Charles Ramsey (202) 622--3110
Treasury attorney: George Manousos (202) 622--1335
CC:PSI
Agency Contact: Charles Magee, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3110
RIN: 1545-AX95
_______________________________________________________________________
2726. GUIDANCE ON CHANGES TO THE LAWS FOR CORPORATE ESTIMATED TAXES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6655
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: The proposed regulations provide guidance on changes to the
law for corporate estimated taxes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG--107722--00
Drafting attorney: Robert A. Desilets, Jr. (202) 622--4910
Reviewing attorney: Pamela W. Fuller (202) 622--4910
Treasury attorney: George Manousos (202) 622--1335
CC:PA:APJP
Agency Contact: Robert A. Desilets Jr., Attorney--Advisor, Department
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4910
RIN: 1545-AY22
_______________________________________________________________________
2727. WITHHOLDING TAX ON FOREIGN PARTNERS' SHARE OF EFFECTIVELY
CONNECTED INCOME
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 1446
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance for partnership
withholding on partners' allocable share of partnership's effectively
connected income.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--108524--00
Drafting attorney: David J. Sotos (202) 622--3860
Reviewing attorney: Michael H. Frankel (202) 622--3860
Treasury attorney: Michael Caballero (202) 622--0851
CC:INTL
Agency Contact: David J. Sotos, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3860
RIN: 1545-AY28
_______________________________________________________________________
2728. TAXABLE YEARS OF CONTROLLED FOREIGN CORPORATIONS (CFCS) AND
FOREIGN PERSONAL HOLDING COMPANIES (FPHCS)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 898
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide definitions and rules for
determining the required year for CFCs and FPHCs.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
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
_______________________________________________________________________
2729. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 482
CFR Citation: 26 CFR 1
[[Page 73426]]
Legal Deadline: None
Abstract: The regulation will address the allocation of income and
deductions from intangible property.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism:  Undetermined
Additional Information: REG--115037--00
Drafting attorney: J. Peter Luedtke (202) 435--5265
Reviewing attorney: John M. Breen (202) 435--5265
Treasury attorney: Rocco Femia (202) 622--1755
CC:INTL
Agency Contact: J. Peter Luedtke, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 435--5265
RIN: 1545-AY38
_______________________________________________________________________
2730. DOLLAR--VALUE LIFO
Priority: Substantive, Nonsignificant
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                            12/00/03
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
_______________________________________________________________________
2731. PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 959
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will address previously taxed earnings and
profits under subpart F.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/04
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--121509--00
Drafting attorney: Jonathan A. Sambur (202) 622--3840
Reviewing attorney: Kelly Kogan (202) 622--3840
Treasury attorney: Rocco Femia (202) 622--1755
CC:INTL
Agency Contact: Jonathan A. Sambur, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington
Phone: 202 622--3840
RIN: 1545-AY54
_______________________________________________________________________
2732. 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                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--120297--01
Drafting attorney: Christine S. Irwin (202) 622--4570
Reviewing attorney: David L. Fish (202) 622--4590
Treasury attorney: Eric San Juan (202) 622--0224
CC:PA:DPL
Agency Contact: Christine S. Irwin, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4570
RIN: 1545-AY89
_______________________________________________________________________
2733. PAYMENTS FOR INTEREST IN PARTNERSHIP
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 736
CFR Citation: 26 CFR 1
Legal Deadline: None
[[Page 73427]]
Abstract: The proposed regulations relate to section 736(b)(3)(B),
regarding payments for interest in a partnership if the retiring or
deceased partner was a general partner in the partnership.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--123382--01
Drafting attorney: James M. Gergurich (202) 622--3070
Reviewing attorney: Christine Ellison (202) 622--3070
CC:PSI
Agency Contact: James M. Gergurich, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3070
RIN: 1545-AY90
_______________________________________________________________________
2734. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE; TAX BOOK VALUE
DISPARITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 864
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations would propose amendments to the current tax
book value method of valuing assets for purposes of interest expense
apportionment in order to reduce disparities between the treatment of
foreign and domestic use assets.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--129447--01
Drafting attorney: Margaret A. Hogan (202) 622--3850
Reviewing attorney: Anne Devereaux (202) 622--3850
Treasury attorneys: Michael Caballero (202) 622--0851 and John
Harrington (202) 622--0589
CC:INTL
Agency Contact: Margaret A. Hogan, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3850
RIN: 1545-BA02
_______________________________________________________________________
2735. 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                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--107592--00
Drafting attorney: Frances Kelly (202) 622--7072
Reviewing attorney: Michael J. Wilder (202) 622--3393
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
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-BA11
_______________________________________________________________________
2736. DEDUCTIBILITY OF EMPLOYER CONTRIBUTIONS FOR DEFERRED COMPENSATION
Priority: Substantive, Nonsignificant
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                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG--139449--01
Drafting attorney: Linda S.F. Marshall (202) 622--6090
Reviewing attorney: Mark Schwimmer (202) 622--6090
Treasury attorney: Thomas Reeder (202) 622--1341
CC:TEGE
Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6090
RIN: 1545-BA13
_______________________________________________________________________
2737. CONTINUATION OF A CONSOLIDATED GROUP
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation addresses issues related to the continuation
of consolidated groups in regulation's section 1.1502--75.
[[Page 73428]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--126022--01
Drafting attorney: Christopher M. Bass (202) 622--7770
Reviewing attorney: Edward Cohen (202) 622--7770
CC:CORP
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-BA14
_______________________________________________________________________
2738. PROPERTY EXEMPT FROM LEVY
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6334
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: This regulation will describe the judicial procedures for
approval of a principal residence seizure, pursuant to I.R.C. sections
6334(a)(13(B)(i) and 6334(e)(1).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--140378--01
Drafting attorney: Robin M. Ferguson (202) 622--3610
Reviewing attorney: Alan Levine (202) 622--3610
CC:PA:CBS
Agency Contact: Robin M. Ferguson, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3610
RIN: 1545-BA22
_______________________________________________________________________
2739. GASOLINE TAX CLAIMS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6416
CFR Citation: 26 CFR 48
Legal Deadline: None
Abstract: The proposed regulation will provide guidance regarding
claims for credit or refund of the gasoline tax under section
6416(b)(2) of the Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           10/23/01                    66 FR 53564
NPRM                            06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses, Governmental Jurisdictions
Government Levels Affected: Local, State, Tribal
Additional Information: REG--143219--01
Drafting attorney: Susan Athy (202) 622--3130
Reviewing attorneys: Frank Boland (202) 622--3130 and Phillip Howard
(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-BA27
_______________________________________________________________________
2740. 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 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                            12/00/03
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
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
_______________________________________________________________________
2741. INCOME FROM SOURCES WITHIN SPECIFIED POSSESSION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 931; 26 USC 911
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will remove the reference to section 911 in
the section 931 regulations and update the
[[Page 73429]]
definition of a possession under those regulations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--159068--01
Drafting attorney: Jonathan A. Sambur (202) 622--3840
Reviewing attorney: Phyllis E. Marcus (202) 622--3840
Treasury attorney: Carl Dubert (202) 622--0222
CC:INTL
Agency Contact: Jonathan A. Sambur, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington
Phone: 202 622--3840
RIN: 1545-BA37
_______________________________________________________________________
2742. TREATMENT OF CERTAIN OBLIGATION--SHIFTING TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 864(c)(6); 26 USC 7701(e)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation proposes a rule that applies to a single
taxpayer engaging in certain tax--motivated obligation--shifting
transfers to prevent tax avoidance. Similar multi--party tax avoidance
techniques are addressed by Property Treasury Regulation section
1.7701(i)--2 (1996). This regulation also would modify a rule in the
proposed regulation dealing with certain related--party transfers that
might, in its present form, present opportunities for tax avoidance.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--160799--01
Drafting attorney: Jeffrey L. Vinnik (202) 622--3840
Reviewing attorney: David N. Bowen (202) 622--3800
Treasury attorney: Rocco Femia (202) 622--1755
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-BA41
_______________________________________________________________________
2743. MULTIFAMILY HOUSING BONDS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations relate to various issues with respect to
multifamily housing bonds.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: Local, State
Additional Information: REG--163765--01
Drafting attorney: Rose M. Weber (202) 622--3980
Reviewing attorney: Bruce M. Serchuk (202) 622--3980
Treasury attorney: Stephen J. Watson (202) 622--1322
CC:TEGE
Agency Contact: Rose M. Weber, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3980
RIN: 1545-BA45
_______________________________________________________________________
2744. MODIFICATION OF CHECK THE BOX REGULATIONS (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: The Modification of Check the Box regulations will add a new
section to the 301.7701--2 regulations to provide that in certain
circumstances, namely in State law mergers and conversions, a surviving
disregarded entity will be regarded for purposes of assessment and
collection of prior year tax liabilities of predecessor entities. Thus,
following a transaction in which a regarded entity is merged or
converted into a disregarded entity, the Commissioner will be able to
exercise collection and assessment authority against the disregarded
entity for any liabilities stemming from tax periods of the regarded
entity prior to the date of the transaction.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--106681--02
Drafting attorney: James M. Gergurich (202) 622--3070
Reviewing attorney: Jeanne Sullivan (202) 622--3070
Treasury attorney: Stephanie Robinson (202) 622--9858
CC:PSI
Agency Contact: James M. Gergurich, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3070
RIN: 1545-BA58
[[Page 73430]]
_______________________________________________________________________
2745. MODIFICATION OF CHECK THE BOX REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: The Modification of Check the Box regulation will add a new
section to the 301.7701--2 regulations to provide that in certain
circumstances, namely in State law mergers and conversions, a surviving
disregarded entity will be regarded for purposes of assessment and
collection of prior year tax liabilities of predecessor entities. Thus,
following a transaction in which a regarded entity is merged or
converted into a disregarded entity, the Commissioner will be able to
exercise collection and assessment authority against the disregarded
entity for any liabilities stemming from tax periods of the regarded
entity prior to the date of the transaction.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--106681--02
Drafting attorney: James M. Gergurich (202) 622--3070
Reviewing attorney: Jeanne Sullivan (202) 622--3070
Treasury attorney: Stephanie Robinson (202) 622--9858
CC:PSI
Agency Contact: James M. Gergurich, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3070
RIN: 1545-BA59
_______________________________________________________________________
2746. ABATEMENT OF INTEREST ON LARGE ERRONEOUS REFUNDS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 6404(e)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This proposed regulation will provide rules that address
whether the Internal Revenue Service may abate interest on an erroneous
refund exceeding $50,000 pursuant to I.R.C. section 6404(e) (26 U.S.C.
6404(e)).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--167500--01
Drafting attorney: David A. Abernathy (202) 622--7940
Reviewing attorney: Richard Goldman (202) 622--7940
CC:PA:APJP
Agency Contact: David A. Abernathy, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7940
RIN: 1545-BA61
_______________________________________________________________________
2747. 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., charitable contributions and research and experimentation
expenses.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/04
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 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
_______________________________________________________________________
2748. PROVISIONS REGARDING CROSS--BORDER TRANSACTIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
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                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism:  Undetermined
Additional Information: REG--125628--01
[[Page 73431]]
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
_______________________________________________________________________
2749. CIRCULAR 230--TAX SHELTER 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 tax shelters.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--122379--02
Drafting attorney: Brinton T. Warren (202) 622--7800
Reviewing attorney: Richard S. Goldstein (202) 622--3400
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:APJP
Agency Contact: Brinton T. Warren, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7800
RIN: 1545-BA70
_______________________________________________________________________
2750. CIRCULAR 230--PHASE 2 NONSHELTER REVISIONS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
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                            12/00/03
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--8445
Reviewing attorney: Richard S. Goldstein (202) 622--7820
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:APJP
Agency Contact: Heather L. Dostaler, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--8445
RIN: 1545-BA72
_______________________________________________________________________
2751. ALLOCATION OF NEW MARKETS TAX CREDIT
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 45D; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will address how the section 45D new markets
tax credit should be allocated to the partners of a partnership under
section 704(b) of the Internal Revenue Code and will address related
partnership issues.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG--131999--02
Drafting attorney: Michael Goldman (202) 622--3080
Reviewing attorney: James Quinn (202) 622--3070
CC:PSI
Agency Contact: Michael Goldman, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3080
RIN: 1545-BA84
_______________________________________________________________________
2752. TRANSFER OF NOTES OR STOCK TO PROVIDE FOR SATISFACTION OF
CONTESTED LIABILITIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations would amend regulations section
1.461--2 that allows a taxpayer to deduct in the taxable year of
transfer the amount of money on other property transferred to satisfy
an asserted liability that the taxpayer contests. The amendment to
regulations section 1.461--2(c)(1) relates to transfers to provide for
the satisfaction of an asserted liability. The regulations would also
amend regulations section 1.461--2 to provide rules relating to
economic performance.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
[[Page 73432]]
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--136890--02
Drafting attorney: Norma C. Rotunno (202) 622--7900
Reviewing attorney: Thomas D. Moffitt (202) 622--7900
Treasury attorney: Sharon A. Kay (202) 622--0865
CC:ITA
Agency Contact: Norma C. Rotunno, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7900
RIN: 1545-BA90
_______________________________________________________________________
2753. GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: This regulation will facilitate electronic tax
administration.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--137243--02
Drafting attorney: Bridget E. Tombul (202) 622--4940
Reviewing attorney: Ashton P. Trice (202) 622--4940
Treasury attorney: John Parcell (202) 622--2578
CC:PA:APJP
Agency Contact: Bridget E. Tombul, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4940
RIN: 1545-BA96
_______________________________________________________________________
2754. TIMELY MAILING TREATMENT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7502
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: This regulation will expressly provide that a registered or
certified mail receipt is the sole means to prove delivery of a
document to the Internal Revenue Service.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--138176--02
Drafting attorney: Charles A. Hall (202) 622--4940
Reviewing attorney: Ashton Trice (202) 622--4940
Treasury attorney: Eric San Juan (202) 622--0224
CC:PA:APJP
Agency Contact: Charles A. Hall, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4940
RIN: 1545-BA99
_______________________________________________________________________
2755. HAND CARRY RETURNS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6091
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation revises obsolete references in the
regulations under section 6091 of the Internal Revenue Code and
provides guidance to taxpayers on the proper place to file a return by
hand carrying the return to the Internal Revenue Service. Currently,
the regulations provide that handcarried returns should be filed with
the District Director.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--138173--02
Drafting attorney: Emly B. Berndt (202) 622--4940
Reviewing attorney: Ashton Trice (202) 622--4940
Treasury attorney: Julian Kim (202) 622--2578
CC:PA:APJP
Agency Contact: Emly B. Berndt, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4940
RIN: 1545-BB00
_______________________________________________________________________
2756. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
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
credits must be allocated to partners under section 704(b).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
[[Page 73433]]
Additional Information: REG--139792--02
Drafting attorney: Beverly M. Katz (202) 622--3050
Reviewing attorney: Daniel Carmody (202) 622--3050
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI
Agency Contact: Beverly M. Katz, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3050
RIN: 1545-BB11
_______________________________________________________________________
2757. DISTRIBUTIONS OF PROPERTY
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1023; 26 USC 1024; 26 USC 2032
CFR Citation: 26 CFR 301; 26 CFR 20
Legal Deadline: None
Abstract: This regulation will clarify the language in regulations
section 301.9100--6T to remove confusion as to whether relief for
making an election under regulations section 2032 is available under
sections 301.9100--1 and 301--9100--3.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--139845--02
Drafting attorney: Theresa M. Melchiorre (202) 622--7830
Reviewing attorney: Katherine A. Mellody (202) 622--7830
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI
Agency Contact: Theresa M. Melchiorre, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7830
RIN: 1545-BB12
_______________________________________________________________________
2758. COST SHARING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 482
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations will provide additional guidance
on cost sharing arrangements under section 482.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism:  Undetermined
Additional Information: REG--144615--02
Drafting attorneys: David Bowen (202) 622--3800 and Jeffrey Parry (202)
435--5265
Reviewing attorney: Elizabeth G. Beck (202) 435--5265
Treasury attorney: Rocco Femia (202) 622--1755
CC:INTL
Agency Contact: Jeffrey Parry, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 435--5265
RIN: 1545-BB26
_______________________________________________________________________
2759. APPLICATION OF SEPARATE LIMITATIONS TO DIVIDENDS FROM
NONCONTROLLED SECTION 902 CORPORATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 904(d)(6)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The Taxpayer Relief Act of 1997 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 for earnings and profits accumulated in 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                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
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
_______________________________________________________________________
2760. AMENDING THE LOW--INCOME HOUSING TAX CREDIT PROGRAM
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 42; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations are amendments to the general public use
requirements in the low--income housing tax credit program.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--151145--02
Drafting attorney: Jack Malgeri (202) 622--3040
Reviewing attorney: Harold Burghart (202) 622--3040
[[Page 73434]]
CC:PSI
Agency Contact: Jack Malgeri, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3040
RIN: 1545-BB37
_______________________________________________________________________
2761. ADMINISTRATIVE SIMPLIFICATION OF 481(A) ADJUSTMENT PERIODS IN
VARIOUS REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The purpose of this project is to harmonize various
regulatory provisions with current administrative guidance regarding
recovery periods for section 481(a) adjustments. When the IRS changed
the spread periods from four years (positive and negative) to four
years (positive) and one year (negative), it discovered that there were
some scattered regulatory provisions that contain different spread
periods. Those regulatory provisions that are imposed as a matter of
administrative discretion are under consideration to impose a standard
spread period.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--142605--02
Drafting attorney: Christian T. Wood (202) 622--4930
Reviewing attorneys: Grant Anderson (202) 622--4930 and David Fahey
(202) 622--4930
CC:ITA
Agency Contact: Christian T. Wood, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4930
RIN: 1545-BB47
_______________________________________________________________________
2762. ELECTION OUT GENERATION--SKIPPING TRANSFER TAX (GST) DEEMED
ALLOCATIONS
Priority: Info./Admin./Other
Legal Authority: 26 USC 2601; 26 USC 2632; 26 USC 2642
CFR Citation: 26 CFR 601
Legal Deadline: None
Abstract: Procedure for making the election to not have the deemed
generation--skipping transfer tax allocation rules apply with respect
to a GST Trust and for making the election to treat a trust as a GST
Trust.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--153841--02
Drafting attorney: Scott S. Landes (202) 622--3090
Reviewing attorney: George Maenik (202) 622--3090
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI
Agency Contact: Scott S. Landes, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3090
RIN: 1545-BB54
_______________________________________________________________________
2763. 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                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: Federal
Additional Information: REG--130751--01
Drafting attorney: Jeffrey L. Vinnik (202) 622--3840
Reviewing attorney: David Bowen (202) 622--3800
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-BB56
_______________________________________________________________________
2764. DEEMED IRAS IN QUALIFIED RETIREMENT PLANS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 408
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The Economic Growth and Tax Relief Reconciliation Act of 2001
(EGTRRA) added new section 408(q) to the Internal Revenue Code. The new
section allows eligible employer plans to permit employees to make
voluntary contributions to a separate account or annuity established
under the plan. The regulation will provide rules under which the
accounts or annuities will be treated as Roth or traditional IRA's as
applicable.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--157302--02
[[Page 73435]]
Drafting attorney: Linda C. Phillips (202) 622--6090
Reviewing attorney: Janet Laufer (202) 622--6090
Treasury attorney: Tom Reeder (202) 622--1341
CC:TEGE
Agency Contact: Linda C. Phillips, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6090
RIN: 1545-BB58
_______________________________________________________________________
2765. DEEMED IRAS IN QUALIFIED RETIREMENT PLANS (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 408(q)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The Economic Growth and Tax Relief Reconciliation Act of 2001
(EGTRRA) added new section 408(q) to the Internal Revenue Code. The new
section allows eligible employer plans to permit employees to make
voluntary contributions to a separate account or annuity established
under the plan. The regulation will provide rules under which the
accounts or annuities will be treated as Roth or traditional IRA's as
applicable.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--158210--02
Drafting attorney: Linda C. Phillips (202) 622--6090
Reviewing attorney: Janet Laufer (202) 622--6090
Treasury attorney: Tom Reeder (202) 622--1341
CC:TEGE
Agency Contact: Linda C. Phillips, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6090
RIN: 1545-BB59
_______________________________________________________________________
2766. INFORMATION REPORTING RELATING TO TAXABLE STOCK TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6043; 26 USC 6045
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations under sections 6043(c) and 6045 require
information reporting for corporate acquisitions of control and changes
in capital structure.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/18/02                    67 FR 69496
Second NPRM                     12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--143321--02
Drafting attorney: Nancy L. Rose (202) 622--4910
Reviewing attorney: Pamela W. Fuller (202) 622--4910
CC:PA:APJP
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-BB60
_______________________________________________________________________
2767. LOSS LIMITATION RULES--G U REPEAL
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 337; 26 USC 7805; 26 USC 1502
CFR Citation: 26 CFR 1; 26 CFR 602
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 prevent rules relating to certain adjustments to the
basis of subsidiary member stock from having the effect of offsetting
certain income and gain upon a disposition of the stock by the
consolidated group.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--157711--02
Drafting attorney: Lola L. Johnson (202) 622--7530
Reviewing attorney: Charles M. Whedbee (202) 622--7530
CC:CORP
Agency Contact: Lola L. Johnson, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7530
RIN: 1545-BB61
_______________________________________________________________________
2768. CONTRIBUTIONS TO PURCHASE CERTAIN RETIREMENT ANNUITIES OR
CUSTODIAL ACCOUNTS UNDER SECTION 403(B)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 403(b); 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation would revise and update the current section
403(b) regulations to reflect the numerous statutory revisions to this
section of the Internal Revenue Code since these regulations were first
promulgated in 1964. Section 403(b) concerns the income tax exclusion
for contributions to purchase certain retirement annuities or custodial
accounts made for their employees by certain tax--exempt employers or
State--sponsored educational institutions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
[[Page 73436]]
Small Entities Affected: Governmental Jurisdictions
Government Levels Affected: Federal, 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
_______________________________________________________________________
2769. INSTALLMENT OBLIGATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 704(c)(1)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance on the treatment of
installment obligations received in exchange for section 704(c)
property.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--160330--02
Drafting attorney: Christopher L. Trump (202) 622--3080
Reviewing attorney: Jeanne Sullivan (202) 622--4117
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI
Agency Contact: Christopher L. Trump, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3080
RIN: 1545-BB65
_______________________________________________________________________
2770. LIQUIDATION OF AN INTEREST
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 2704(b)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to additional rules for determining
when applicable restrictions are disregarded in valuing the liquidation
of an interest under section 2704 of the Internal Revenue Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG--163113--02
Drafting attorney: John MacEachen (202) 622--7701
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--7701
RIN: 1545-BB71
_______________________________________________________________________
2771. QUALIFIED INTERESTS
Priority: Info./Admin./Other
Legal Authority: 26 USC 2702
CFR Citation: 26 CFR 25
Legal Deadline: None
Abstract: This regulation amends examples 5 and 6 of regulation section
25.2702--3(e) to comply with the Tax Court's holding in Walton v.
Commissioner, 115 TC. 589 (2000).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--163679--02
Drafting attorney: Scott S. Landes (202) 622--3090
Reviewing attorney: George Masnik (202) 622--3090
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI
Agency Contact: Scott S. Landes, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3090
RIN: 1545-BB72
_______________________________________________________________________
2772. 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 proposed regulations relate to the obligations of
persons that receive payments for air transportation or communications
service subject to excise tax when persons liable for taxes refuse to
pay the tax.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
[[Page 73437]]
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--163909--02
Drafting attorney: Deane M. Burke (202) 622--3130
Reviewing attorneys: Frank K. Boland (202) 622--3130 and Phillip Howard
(202) 622--3000
Treasury attorney: John Parcell (202) 622--2578
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--3130
RIN: 1545-BB75
_______________________________________________________________________
2773. COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR (TEMPORARY)
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 temporary regulations relate to the obligations of
persons that receive payments for air transportation or communications
service subject to excise tax when persons liable for taxes refuse to
pay the tax.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--163909--02
Drafting attorney: Deane M. Burke (202) 622--3130
Reviewing attorneys: Frank Boland (202) 622--3130 and Phillip Howard
(202) 622--3000
Treasury attorney: John Parcell (202) 622--2578
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--3130
RIN: 1545-BB76
_______________________________________________________________________
2774. APPLICATION OF NONDISCRIMINATION CROSS--TESTING RULES TO CASH
BALANCE PLANS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 411
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide rules for the application of
certain nondiscrimination requirements, prohibiting discrimination in
favor of highly compensated employees, to cash balance pension plans.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/11/02                    67 FR 76123
Hearing                         04/09/03
Other/Second NPRM               12/00/03
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: REG--164464--02
Drafting attorney: Linda S.F. Marshall (202) 622--6090
Reviewing attorney: Marjorie Hoffman (202) 622--6090
Treasury attorney: William Bortz (202) 622--1352
CC:TEGE
Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6090
RIN: 1545-BB79
_______________________________________________________________________
2775. CORPORATE REORGANIZATIONS; CONTINUITY--TRANSFERS OF ASSETS OR
STOCK FOLLOWING A REORGANIZATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides amendments to regulations section
1.368--2(k) of the income tax regulations, which sets forth rules
providing that for certain reorganizations, transfers by the acquiring
corporation of target assets or stock to certain controlled
corporations will not disqualify the transaction from nonrecognition
treatment. The proposed amendments will clarify the reorganizations
subject to these rules.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--165579--02
Drafting attorney: Rebecca O. Burch (202) 622--7550
Reviewing attorney: Wayne Murray (202) 622--7700
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
Agency Contact: Rebecca O. Burch, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7550
RIN: 1545-BB80
[[Page 73438]]
_______________________________________________________________________
2776. NOTIONAL PRINCIPAL CONTRACTS; CONTINGENT NONPERIODIC PAYMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 446
CFR Citation: 26 CFR 1; 26 CFR 602
Legal Deadline: None
Abstract: These proposed 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                            12/00/03
Regulatory Flexibility Analysis Required: 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:FIP
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
_______________________________________________________________________
2777. 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) provide that if the
holder of the REMIC residual interest is a foreign person, amounts
inducible in the gross income of the holder shall be taken into account
for each day during the taxable year on which the foreign person held
the interest.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--159929--02
Drafting attorney: Arturo Estrada (202) 622--3900
CC:FIP
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
_______________________________________________________________________
2778. TRANSFEROR OR TRANSFEREE AS A PREDECESSOR OR SUCCESSOR
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) sets forth whether a
transferor or transferee will be treated as a predecessor or successor
for purposes of section 355(e).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--145535--02
Drafting attorney: Krishna P. Vallabhaneni (202) 622--7550
Reviewing attorney: Charles Whedbee (202) 622--7550
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
Agency Contact: Krishna P. Vallabhaneni, Attorney--Advisor, Department
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7550
RIN: 1545-BB85
_______________________________________________________________________
2779. 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                            12/00/03
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
_______________________________________________________________________
2780. PARTNERSHIP EQUITY FOR SERVICES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 721; 26 USC 83
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations will describe the tax treatment of
partnership equity issued in connection with the performance of
services.
[[Page 73439]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--105346--03
Drafting attorneys: Audrey W. Ellis and Demetri Yatrakis (202) 622--
3060
Reviewing attorney: Matthew Lay (202) 622--3060
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI
Agency Contact: Audrey W. Ellis, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3060
Demetri G. Yatrakis, Attorney--Advisor, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622--3060
RIN: 1545-BB92
_______________________________________________________________________
2781. DETERMINATION OF SINGLE--SUM DISTRIBUTIONS FROM CASH BALANCE PLANS
Priority: Substantive, Nonsignificant
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                            12/00/03
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: Elizabeth Drigotas (202) 622--1332
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
_______________________________________________________________________
2782. ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations provide guidance on the accrual of
original issue discount on certain REMIC regular interests.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--108637--03
Drafting attorney: Rebecca E. Asta (202) 622--3930
Reviewing attorney: Patrick White (202) 622--3920
CC:FIP
Agency Contact: Rebecca E. Asta, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3930
RIN: 1545-BB94
_______________________________________________________________________
2783. NEW MARKETS TAX CREDIT AMENDMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 45D; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will amend regulations section 1.45D--1T
involving the new markets tax credit under section 45D. The amendments
will address certain issues involving qualified low--income community
investments under section 45D(d)(1).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG--115471--03
Drafting attorney: Paul F. Handleman (202) 622--3040
Reviewing attorney: Susan Reaman (202) 622--3040
Treasury attorney: Steve Watson (202) 622--1322
CC:PSI
Agency Contact: Paul F. Handleman, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3040
RIN: 1545-BC03
_______________________________________________________________________
2784. TAX EXEMPT BOND PARTNERSHIP REPORTING REGULATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6031; 26 USC 7805; 26 USC 706
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will state the Internal Revenue Service's
authority to
[[Page 73440]]
issue other guidance concerning the reporting requirements for tax
exempt bond partnerships. The other guidance will be issued separately
by Revenue Procedure.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--115472--03
Drafting attorney: David A. Shulman (202) 622--3080
Reviewing attorney: Jeanne Sullivan (202) 622--3080
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI
Agency Contact: David A. Shulman, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3080
RIN: 1545-BC04
_______________________________________________________________________
2785. DETERMINATION OF BASIS OF A SINGLE CLASS OF STOCK OR SECURITIES
RECEIVED IN EXCHANGE FOR A SINGLE CLASS OF STOCK OR SECURITIES IN A
TAX--FREE EXCHANGES
Priority: Routine and Frequent
Legal Authority: 26 USC 338; 26 USC 358; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Amendment to section 1.358--2 of the income tax regulation.
The proposed regulation will provide the basis allocation methods when
a distributee exchanges a single class of stock acquired held in
different lots (different dates and bases) for a single class of stock
in a transaction under section 354, 355, or 356.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
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--7930
Reviewing attorney: Reginald Mombrun (202) 622--7930
CC:CORP
Agency Contact: Theresa M. Kolish, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7930
RIN: 1545-BC05
_______________________________________________________________________
2786. GENERAL ALLOCATION AND ACCOUNTING REGULATIONS
Priority: Substantive, Nonsignificant
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                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: State
Federalism:  Undetermined
Additional Information: REG--140379--02
Drafting attorney: Johanna L. Som de Cerff (202) 622--3980
CC:TEGE
Agency Contact: Johanna L. Som de Cerff, Attorney--Advisor, Department
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3980
RIN: 1545-BC07
_______________________________________________________________________
2787. [bull] ENTRY OF TAXABLE FUEL
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6011; 26 USC 6071; 26 USC 6151
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide rules for payment of tax when
taxable fuel is entered by an unregistered person.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--120616--03
Drafting attorney: Celia Gabrysh (202) 622--3130
Reviewing attorneys: Frank Boland (202) 622--3130 and Phillip Howard
(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
_______________________________________________________________________
2788. [bull] TIMING AND MODIFICATION OF THE SECTION 59(E) ELECTION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 59
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will provide guidance on making a section
59(e) election.
[[Page 73441]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--124405--03
Drafting attorney: Eric B. Lee (202) 622--3120
Reviewing attorney: Brenda Stewart (202) 622--3120
Treasury attorney: George Manousos (202) 622--1788
CC:PSI
Agency Contact: Eric B. Lee, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue, NW,
Washington, DC 20224
Phone: 202 622--3120
RIN: 1545-BC13
_______________________________________________________________________
2789. [bull] 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                            12/00/03
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
CC:PA:APJP
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
_______________________________________________________________________
2790. [bull] CHANGES IN COMPUTING DEPRECIATION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance under section 446(e)
regarding changes in computing depreciation or amortization.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG--126459--03
Drafting attorney: Sara 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
RIN: 1545-BC18
_______________________________________________________________________
2791. [bull] VALUE OF LIFE INSURANCE WHEN DISTRIBUTED FROM A QUALIFIED
RETIREMENT PLAN
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed regulations under section 402(a) of the
Internal Revenue Code concern the amount includible in a distributee's
income when certain life insurance and annuity contracts are
distributed by a qualified retirement plan.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--126967--03
Drafting attorney: Robert M. Walsh (202) 622--6090
Reviewing attorney: Linda Marshall (202) 622--6090
Treasury attorney: Harlan Weller (202) 622--1001
CC:TEGE
Agency Contact: Robert M. Walsh, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6090
RIN: 1545-BC20
_______________________________________________________________________
2792. [bull] UTILITY ALLOWANCE REGULATION UPDATE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 42
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will modify and update utility allowance
regulations under section 1.142--10, which provides for an alternative
method for computing utility allowances under section 1.142--
10(b)(4)(ii). Also, the regulation will provide for annual updates of
utility allowances.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
[[Page 73442]]
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--128274--03
Drafting attorney: Gregory N. Doran (202) 622--3040
Reviewing attorney: Harold Burghart (202) 622--3040
Treasury attorney: Bruce Serchuk (202) 622--1766
CC:PSI
Agency Contact: Gregory N. Doran, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3040
RIN: 1545-BC22
_______________________________________________________________________
2793. [bull] SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE
DISALLOWED UNDER SECTION 265(A)(2)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1502; 26 USC 265; 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                            12/00/03
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:CORP
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
_______________________________________________________________________
2794. [bull] EGTRRA CHANGES TO PROTECTED RETIREMENT BENEFITS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 645(b)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide guidance relating to section
411(d)(6) of the Code regarding the elimination 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                            12/00/03
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
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
_______________________________________________________________________
2795. [bull] SINGLE DETERMINATION OF TAX FOR MULTIPLE POOLS OF ASSETS OF
AN S CORPORATION
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 1374(e)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulation will address the determination of tax
with respect to various pools of assets of an S corporation that is
subject to tax under section 1374.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG--131486--03
Drafting attorney: Jocelyn Leyretana (202) 622--7750
Reviewing attorney: Mark Jennings (202) 622--7750
Treasury attorney: Audrey Nacamuli (202) 622--1721
CC:CORP
Agency Contact: Jocelyn Leyretana, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7750
RIN: 1545-BC29
_______________________________________________________________________
2796. [bull] DEEMED CORPORATE ELECTION FOR ELECTING S CORPORATIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7701; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
[[Page 73443]]
Abstract: The regulation will deem an electing S corporation to have
also elected to be an association taxed as a corporation under section
301.7701--3(1)(i) to ease the administrative burden on taxpayers and
IRS Service Centers. It will continue implementation of section 7701
under the secretary's general section 7805 regulatory authority.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG--131786--03
Drafting attorney: Rebekah A. Myers (202) 622--3050
Reviewing attorney: Dianna Miosi (202) 622--3050
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI
Agency Contact: Rebekah A. Myers, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3050
RIN: 1545-BC32
_______________________________________________________________________
2797. [bull] SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR
RETURN (ASFR)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805; 26 USC 6020
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulation serves to be the Service's expression of
intent that certain documents generated in the substitute for return
(SFR) and Automated Substitute for Return (ASFR) processes constitute
section 6020(b) returns for purposes of assessing the section
6651(a)(2) addition to tax.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: REG--131739--03
Drafting attorney: Tracey B. Leibowitz (202) 622--4940
CC:PA:APJP
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
RIN: 1545-BC45
_______________________________________________________________________
2798. [bull] 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.
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                            03/00/04
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--3870
Reviewing attorney: Paul S. Epstein (202) 622--3870
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--3860
RIN: 1545-BC48
_______________________________________________________________________
2799. [bull] QUALIFIED SEVERANCE REGULATIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 2642(a)(3)(C)
CFR Citation: 26 CFR 2654
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                            12/00/03
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--6218
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI
[[Page 73444]]
Agency Contact: Mayer R. Samuels, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7265
RIN: 1545-BC50
_______________________________________________________________________
2800. [bull] 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)(A), 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                            12/00/03
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 Devereaux (202) 622--3850
Treasury attorney: Rocco Femia (202) 622--1755
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
_______________________________________________________________________
2801. [bull] REMOVAL OF SECTION 6152 REGULATIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 6152
CFR Citation: 26 CFR 301; 26 CFR 1
Legal Deadline: None
Abstract: The regulations will remove sections 1.6152--1 and 301.6152--
1 pertaining to section 6152 of the Internal Revenue Code, which was
repealed for tax years beginning after December 31, 1986.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--139421--03
Drafting attorney: Janice R. Feldman (202) 622--8488
Reviewing attorney: Susan Hartford (202) 622--4940
CC:PA:APJP
Agency Contact: Janice R. Feldman, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--8488
RIN: 1545-BC53
_______________________________________________________________________
2802. [bull] GUARANTEE FEES UNDER SECTION 143(G)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 143
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will allow issues of qualified mortgage
revenue bonds under section 143 to exclude certain fees paid to
guarantee pools of mortgages (including mortgage backed securities)
from the calculation of the effective interest rate on the mortgages
for purposes of section 143(g).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Local, State
Additional Information: REG--146692--03
Drafting attorney: Michael P. Brewer (202) 622--3980
Reviewing attorney: Timothy L. Jones (202) 622--3980
CC:TEGE
Agency Contact: Michael P. Brewer, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3980
RIN: 1545-BC59
_______________________________________________________________________
2803. [bull] PREDECEASED PARENT RULE
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 2651
CFR Citation: 26 CFR 2651; 26 CFR 7805
Legal Deadline: None
Abstract: The proposed regulation will provide guidance on the
predeceased parent rule in section 2651(e) and amend the regulations
under section 26.2612--1(a)(2).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG--145988--03
Drafting attorney: Lian A. Mito (202) 622--3719
[[Page 73445]]
Reviewing attorney: James F. Hogan (202) 622--3012
Treasury attorney: Catherine Hughes (202) 622--9407
CC:PSI
Agency Contact: Lian A. Mito, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7830
RIN: 1545-BC60
_______________________________________________________________________
2804. [bull] QUALIFIED ZONE ACADEMY BONDS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 1397E
CFR Citation: 26 CFR 1.1397E
Legal Deadline: None
Abstract: The proposed regulation will provide that the credit allowed
for eligible holders of qualified zone academy bonds may be claimed by
S corporation shareholders; will clarify that no procedure is necessary
to carry over unused QZAB limit; will coordinate and make consistent
provisions regarding determination of credit rate and maturity date;
will provide for remedial action in case of change in use of bond
proceeds; prevent the use of bond proceeds to repay the bonds.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Undetermined
Government Levels Affected: Local, State
Additional Information: REG--121475--03
Drafting attorney: Zoran Stojanovic (202) 622--4096
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--4096
RIN: 1545-BC61
_______________________________________________________________________
2805. [bull] GUIDANCE NECESSARY TO FACILITATE BUSINESS ELECTRONIC FILING
(TEMPORARY)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 301; 26 CFR 602
Legal Deadline: None
Abstract: The temporary regulation is designed to facilitate the
electronic filing of certain business income tax returns and other
forms.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--116664--01
Drafting attorney: Nathan B. Rosen (202) 622--4910
Reviewing attorney: Pameala W. Fuller (202) 622--4910
CC:PA:APJP
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-BC62
_______________________________________________________________________
2806. [bull] GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
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                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--149519--03
Drafting attorney: James M. Gergurich (202) 622--3070
Reviewing attorney: Christine Ellison (202) 622--3080
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI
Agency Contact: James M. Gergurich, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3070
RIN: 1545-BC63
_______________________________________________________________________
2807. [bull] PARTNERSHIP TRANSACTIONS INVOLVING PARTNER'S STOCK
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805; 26 USC 337
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This proposed regulation under section 1.337(d)--3 will
finalize regulations relating to partnership transactions involving
partner's stock.
[[Page 73446]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--149518--03
Drafting attorney: Tara P. Volungis (202) 622--3080
Reviewing attorney: Christine Ellison (202) 622--3070
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI
Agency Contact: Tara P. Volungis, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3080
RIN: 1545-BC64
_______________________________________________________________________
2808. [bull] 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 require
a redeeming partner to take hot assets with built--in gain equal to the
partner's proportionate share of the total hot asset appreciation in
the partnership, regardless of fair market value.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG--149610--03
Drafting attorney: Jason T. Smyczek (202) 622--3050
Reviewing attorney: Dan Carmody (202) 622--3050
Treasury attorney: Deborah Harrington (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-BC65
_______________________________________________________________________
2809. [bull] LIFO RECAPTURE UNDER SECTION 1362(D)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 1363
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Section 1363(d) provides for the recapture of LIFO benefits
when a corporation elects S corporation status. This project addresses
the treatment LIFO inventor held though partnerships.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--149524--03
Drafting attorney: Pietro E. Canestrelli (202) 622--3060
Reviewing attorney: David Haglund (202) 622--3050
Treasury attorney: Deborah Harrington (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-BC66
_______________________________________________________________________
2810. [bull] QUALIFIED ZONE ACADEMY BONDS (TEMPORARY)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 1397E
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulation will provide that the credit allowed
for eligible holders of qualified zone academy bonds may be claimed by
S corporation shareholders; will clarify that no procedure is necessary
to carry over unused QZAB limit; will coordinate and make consistent
provisions regarding determination of credit rate and maturity date;
will provide for remedial action in case of change in use of bond
proceeds; prevent the use of bond proceeds to repay the bonds.
Timetable:Section 610 R
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Local, State
Additional Information: REG--121475--03
Drafting attorney: Zoran Stojanovic (202) 622--4096
Reviewing attorney: Timothy L. Jones (202) 622--3701
Treasury attorney: Stepen Watson (202) 622--1322
CC:TEGE
Agency Contact: Zoran Stojanovic, Attorney--Advisor, Department of the
[[Page 73447]]
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4096
RIN: 1545-BC68
_______________________________________________________________________
2811. [bull] SECTION 179 ELECTIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 202
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulations will provide guidance for election under
section 179, effective for 2003.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Additional Information: REG--152549--03
Drafting attorney: Winston H. Douglas (202) 622--3110
Reviewing attorney: Mark Pitzer (202) 622--3110
Treasury attorney: George Manousos (202) 622--1335
CC:PSI
Agency Contact: Winston H. Douglas, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3110
RIN: 1545-BC69
_______________________________________________________________________
2812. [bull] REAL ESTATE MORTGAGE INVESTMENT CONDUIT (REMIC) TETRA RULES
Priority: Info./Admin./Other. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 860F
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulation relates to the application of
partnership audit procedures to disputes regarding the ownership of
residual interests in a REMIC.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--154077--03
Drafting attorney: Arturo Estrada (202) 622--3900
Reviewing attorney: Dale Collinson (202) 622--3900
Treasury attorney: Viva Hammer (202) 622--0869
CC:FIP
Agency Contact: Arturo Estrada, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3900
RIN: 1545-BC71
_______________________________________________________________________
2813. [bull] 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
1988 (RRA `98) section 3461 amended section 6502 of the Code to limit
the ability of the Service to enter into agreements extending the
collection statute. RRA `98 also included an off--Code ``sunset''
provision governing the continued effect of collection statute
extension agreements executed prior to January 1, 2000, the effective
date of this section. The current regulations under section 6502 have
not been updated to reflect these changes to the section. The current
regulations provide that extension agreements may be executed anytime
prior to the expiration of the original statutory collection period.
The revised regulations will incorporate the changes imposed by RRA `98
and will provide in part that the only two circumstances under which an
agreement extending the collecting period may be executed are: (1) when
the extension agreement is executed in connection with an Installment
Agreement; and (2) when the extension agreement is executed prior to a
levy being released pursuant to section 6343, when the release occurs
after the expiration of the original 10--year statutory collection
period. Also, the revised regulations will discuss the continued
validity of extension agreements executed prior to January 1, 2000.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--148701--03
Drafting attorney: Aaron D. Gregory (202) 622--3620
Reviewing attorney: Fredrick W. Schindler (202) 622--3620
CC:PA:CBS
Agency Contact: Aaron D. Gregory, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3620
RIN: 1545-BC72
[[Page 73448]]
_______________________________________________________________________
2814. [bull] GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO
MEMBERS OF A CONSOLIDATED GROUP
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These proposed 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                            06/00/04
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
CC:CORP
Agency Contact: Amber R. Cook, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7530
RIN: 1545-BC74
_______________________________________________________________________
2815. [bull] CONFIDENTIAL TRANSACTIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 6011; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will modify the rule for confidential
transactions under section 1.6011--4(b)(3).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/04
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--155303--03
Drafting attorney: Tara P. Volungis (202) 622--3080
Reviewing attorney: Christine Ellison (202) 622--3070
Treasury attorney: Julian Kim (202) 622--1981
CC:PSI
Agency Contact: Tara P. Volungis, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3080
RIN: 1545-BC75
_______________________________________________________________________
2816. [bull] CONFIDENTIAL TRANSACTIONS (TEMPORARY)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 6011; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will modify the rule for confidential
transactions under section 1.6011--4(b)(3).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           06/00/04
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--155303--03
Drafting attorney: Tara Volungis (202) 622--3080
Reviewing attorney: Christine Ellison (202) 622--3070
Treasury attorney: Julian Kim (202) 622--1981
CC:PSI
Agency Contact: Tara P. Volungis, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3080
RIN: 1545-BC76
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Internal Revenue Service (IRS)
_______________________________________________________________________
2817. 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
[[Page 73449]]
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                    06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--209042--86 (INTL--610--86)
Drafting attorney: Michael H. Frankel (202) 622--3860
Reviewing attorney: Charlie Besecky (202) 622--3860
CC:INTL
Agency Contact: Michael H. Frankel, Senior Technical Reviewer,
Department of the Treasury, Internal Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224
Phone: 202 622--3860
RIN: 1545-AK74
_______________________________________________________________________
2818. 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                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--209039--87 (INTL--491--87)
Drafting attorney: Robert W. Lorence (202) 622--3860
Reviewing attorney: Charles P. Besecky (202) 622--3860
CC:INTL
Agency Contact: Robert W. Lorence, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3860
RIN: 1545-AK79
_______________________________________________________________________
2819. 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, the taxation of exchange gain or loss on branch
remittances.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/25/91                    56 FR 48457
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--208270--86 (INTL--965--86)
Drafting attorney: Kenneth P. Christman (202) 622--3870
Reviewing attorney: Jeffrey Dorfman (202) 622--3870
Treasury attorney: Carl Dubert (202) 622--0222
CC:INTL
Agency Contact: Kenneth P. Christman, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3870
RIN: 1545-AM12
_______________________________________________________________________
2820. 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                    12/00/03
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 Setzer, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3870
RIN: 1545-AO24
_______________________________________________________________________
2821. REGISTRATION REQUIRED OBLIGATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 165
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will finalize all outstanding proposed
regulations under section 1.163--1(b)(2).
[[Page 73450]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/21/93                     58 FR 5316
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--208245--90 (INTL--115--90)
Drafting attorney: Carl M. Cooper (202) 622--3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622--3840
CC:INTL
Agency Contact: Carl M. Cooper, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3840
RIN: 1545-AP33
_______________________________________________________________________
2822. INTEREST--FREE ADJUSTMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6205
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: Under section 6205(a)(1) of the Code, if less than the
correct amount of tax imposed under the FICA, the RRTA, or the income
tax withholding provisions is paid with respect to any payment of wages
or compensation, proper adjustments with respect to both the tax and
amount to be deducted must be made without interest in such manner and
in such times as the Secretary may by regulations prescribe. The
amendments add language to clarify that an interest--free adjustment
can be made in certain situations in which the error is ascertained
before the appropriate return is filed. The amendments are intended to
apply only to situations in which no return was filed because the
employer improperly failed to treat its workers as employees.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/10/92                    57 FR 58423
NPRM Comment Period End         02/08/93
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--209538--92 (EE--12--92)
Drafting attorney: Karin Loverud (202) 622--6060
Reviewing attorney: Mary Oppenheimer (202) 622--6010
CC:TEGE
Agency Contact: Karin Loverud, Tax Law Specialist, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6060
RIN: 1545-AQ61
_______________________________________________________________________
2823. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 414
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations define the term ``highly compensated
employee'' under section 414(q) of the Code. Temporary and proposed
regulations, under sections 414(q) and 414(s), were published February
19, 1988 (53 FR 4965). Final regulations, under section 414(s), were
published September 19, 1991 (56 FR 47659) under project EE--129--86.
The regulations under 414(q) were split off from project EE--129--86.
It is anticipated that proposed regulations under section 414(q) will
be published in the future under project REG--209558--92 (EE--32--92).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/19/88                     53 FR 4999
NPRM Comment Period End         04/19/88
Partially Closed by TD 8548     06/27/94                    59 FR 32911
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: State, Local
Federalism:  Undetermined
Additional Information: REG--209558--92
Drafting attorney: R. Lisa Mojiri--Azad (202) 622--6080
Reviewing attorney: Marjorie Hoffman (202) 622--6030
Treasury attorney: W. Thomas Reeder (202) 622--1341
CC:TEGE
Agency Contact: R. Lisa Mojiri--Azad, Senior Attorney, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6080
RIN: 1545-AQ74
_______________________________________________________________________
2824. 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                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--209619--93 (IA--17--93)
Drafting attorney: A. Katharine Kiss (202) 622--7812
Reviewing attorney: Jeffery G. Mitchell (202) 622--7034
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--7812
RIN: 1545-AR82
[[Page 73451]]
_______________________________________________________________________
2825. MARK--TO--MARKET UPON DISPOSITION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 475
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations address the relationship between mark--to--
market accounting and accrual of stated interest, discount and premium,
and between mark--to--market accounting and the tax treatment of bad
debts. The regulations also provide that securities are to be marked to
market upon disposition by a dealer and the exemption from marking to
market in certain securitization transactions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/04/95                      60 FR 397
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--209724--94 (FI--42--94)
Drafting attorney: Stephen J. Coleman (202) 622--6289
Reviewing attorney: Elizabeth Handler (202) 622--3157
CC:FIP
Sections 1.475(a)--3 finalized in TD 8700. Sections 1.475(b)--4
finalized in TD 8700. Sections 1.475(c)--2 finalized in TD 8700.
Agency Contact: Stephen J. Coleman, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6289
RIN: 1545-AS85
_______________________________________________________________________
2826. 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
Other/Comment Period End        05/01/01
Final Action                    06/00/04
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:FIP
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
_______________________________________________________________________
2827. 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                    12/00/05
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--246018--96
Drafting attorney: Mark S. Smith (202) 622--3970
Reviewing attorney: Don Drees (202) 622--3970
CC:FIP
Agency Contact: Mark S. Smith, Branch Chief, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3970
RIN: 1545-AU49
_______________________________________________________________________
2828. DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will provide guidance on the application of
the private loan test and the private business use and private
payments/security tests to refunding bonds.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/30/94                    59 FR 67658
NPRM Comment Period End         05/01/95
Second NPRM                     05/14/03                    68 FR 25845
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--113007--99
Drafting attorney: Gary Bornholdt (202) 622--7870
Treasury attorney: Bruce M. Serchuk (202) 622--1766
CC:TEGE
Agency Contact: Gary W. Bornholdt, Attorney--Advisor, Department of the
[[Page 73452]]
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7870
RIN: 1545-AU98
_______________________________________________________________________
2829. RETURN OF LEVIED PROPERTY IN CERTAIN CASES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: Section 501(b) of the Taxpayer Bill of Rights 2 amended
section 6343 of the Internal Revenue Code to authorize the Secretary to
return levied property in four enumerated circumstances. Section
1102(d)(1)(B) of RRA 98 changed ``Taxpayer Advocate'' to ``National
Taxpayer Advocate'' as a person who determines what is in the best
interest of the taxpayer. The regulations set forth the circumstances
in which the Secretary may return property and procedures to implement
these sections.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/14/01                    66 FR 10249
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--101520--97
Drafting attorney: Kevin B. Connelly (202) 622--3630
Reviewing attorney: Robert Miller (202) 622--3630
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:CBS
Agency Contact: Kevin B. Connelly, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3630
RIN: 1545-AV01
_______________________________________________________________________
2830. ELECTRONIC TRANSMISSION OF WITHHOLDING CERTIFICATES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 6061; 26 USC 1441
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance for the electronic
transmission of withholding certificates.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/14/97                    62 FR 53504
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--107872--97
Drafting attorney: Carl M. Cooper (202) 622--3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622--3840
CC:INTL
Agency Contact: Carl M. Cooper, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3840
RIN: 1545-AV27
_______________________________________________________________________
2831. INTEREST ON EDUCATION LOANS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 221; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance on the deduction of
interest on education loans under section 221.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/21/99                     64 FR 3257
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--116826--97
Drafting attorney: Sean Dwyer (202) 622--5020
Drating attorney: Donna Crisalli (202) 622--5020
CC:ITA
Agency Contact: Sean Dwyer, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--5020
RIN: 1545-AW01
_______________________________________________________________________
2832. 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                    12/00/03
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: Robert Williams (202) 622--3157
CC:FIP
Agency Contact: Stephen J. Coleman, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
[[Page 73453]]
Phone: 202 622--6289
RIN: 1545-AW06
_______________________________________________________________________
2833. 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                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--105964--98
Drafting attorney: Frances Kelly (202) 622--7072
Reviewing attorney: Michael J. Wilder (202) 622--3393
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
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-AW30
_______________________________________________________________________
2834. REPORTING OF PAYMENTS TO ATTORNEY
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 6045
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation provides information reporting requirements
for payments of gross proceeds made in the course of a trade or
business to attorneys in connection with legal services.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/21/99                    64 FR 27730
Second NPRM                     05/17/02                    67 FR 35064
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--126024--01
Drafting attorney: Nancy L. Rose (202) 622--4910
Reviewing attorney: James C. Gibbons (202) 622--4910
Treasury attorney: Michael Novey (202) 622--1339
CC:PA:APJP
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
_______________________________________________________________________
2835. QUALIFIED OFFERS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to the qualified offer rule allowing
the recovery of reasonable administrative or litigation costs.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/04/01                      66 FR 749
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--121928--98
Drafting attorney: Tami C. Belouin (202) 622--3847
Reviewing attorneys: Henry Schneiderman (202) 622--3400 and Susan T.
Mosley (202) 622--7950
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:APJP
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-AW99
_______________________________________________________________________
2836. DELAY RENTAL PAYMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 263
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations clarify that section 1.612--3(c) applies to
delay rental payments to the extent that section 263A does not require
the payments to be capitalized.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/08/00                     65 FR 6090
Public Hearing                  05/26/00
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--103882--99
Drafting attorney: Brenda M. Stewart (202) 622--3120
Reviewing attorney: J.H. Makurath (202) 622--3120
Treasury attorney: John Parcell (202) 622--2578
CC:PSI
Agency Contact: Brenda M. Stewart, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3120
RIN: 1545-AX06
[[Page 73454]]
_______________________________________________________________________
2837. 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                    12/00/03
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
_______________________________________________________________________
2838. CASH OR DEFERRED ARRANGEMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation updates and revises regulations on qualified
cash or deferred arrangements, matching contributions, and employee
contributions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/17/03                    68 FR 42476
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG--108639--99
Drafting attorney: R. Lisa Mojiri--Azad (202) 622--6080
Reviewing attorney: Marjorie Hoffman (202) 622--6030
Treasury attorney: W. Thomas Reeder (202) 622--1341
CC:TEGE
Agency Contact: R. Lisa Mojiri--Azad, Senior Attorney, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6080
RIN: 1545-AX26
_______________________________________________________________________
2839. CASH OR DEFERRED ARRANGEMENTS (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations update and revise regulations for
cash or deferred arrangements.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG--108639--99
Drafting attorney: R. Lisa Mojiri--Azad (202) 622--6080
Reviewing attorney: Marjorie Hoffman (202) 622--6030
Treasury attorney: W. Thomas Reeder (202) 622--1341
CC:TEGE
Agency Contact: R. Lisa Mojiri--Azad, Senior Attorney, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6080
RIN: 1545-AX43
_______________________________________________________________________
2840. 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                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--116050--99
Drafting attorney: Mark R. Pollard (202) 622--3850
Reviewing attorney: Anne Devereaux (202) 622--3850
Treasury attorney: Michael Caballero (202) 622--0851
CC:INTL
Agency Contact: Mark R. Pollard, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3850
RIN: 1545-AX65
_______________________________________________________________________
2841. 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.
[[Page 73455]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/05/90                     55 FR 3750
Final Action                    12/00/03
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
_______________________________________________________________________
2842. HIPAA PORTABILITY
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 9833
CFR Citation: 26 CFR 54
Legal Deadline: None
Abstract: These regulations provide guidance to group health plans
regarding the limitations on imposing pre--existing condition
exclusions and the special enrollment rules. These regulations also
provide guidance regarding plans and benefits that are not subject to
these rules.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/08/97                    62 FR 16977
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--119828--99
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-AX84
_______________________________________________________________________
2843. APPLICATION OF SEPARATE FOREIGN TAX CREDIT LIMITATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 904; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation clarifies the application of separate foreign
tax credit limitations under sections 904(b) and 904(d) of the Code and
revises the rules for computing post--1986 undistributed earnings and
taxes of foreign corporations under section 902 of the Code.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/03/01                      66 FR 319
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--104683--00
Drafting attorney: Bethany Ingwalson (202) 622--3850
Reviewing attorney: Barbara A. Felker (202) 622--3850
Treasury attorney: Michael Caballero (202) 622--0851
CC:INTL
Agency Contact: Bethany Ingwalson, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3850
RIN: 1545-AX88
_______________________________________________________________________
2844. 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
Comment Period End              05/01/01
Final Action                    06/00/04
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:FIP
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
_______________________________________________________________________
2845. ASSUMPTION OF PARTNERSHIP LIABILITIES
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 752
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This proposed regulation prevents the acceleration or
duplication of losses through the assumption of liabilities in
transactions involving partnerships.
[[Page 73456]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/24/03                    68 FR 37434
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--106736--00
Drafting attorney: Horace Howells (202) 622--3050
Reviewing attorney: Dianna Miosi (202) 622--3050
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI
Agency Contact: Horace W. Howells, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3050
RIN: 1545-AX93
_______________________________________________________________________
2846. DEFINITION OF INCOME
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 643; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations provide guidance under section 643 of the
Internal Revenue Code, on whether State law definition of trust income
is trust income for Federal tax purposes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/15/01                     66 FR 1039
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--106513--00
Drafting attorney: Bradford R. Poston (202) 622--3060
Reviewing attorney: J. Thomas Hines (202) 622--3060
Treasury attorney: Catherine Hughes (202) 622--9407
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-AX96
_______________________________________________________________________
2847. ELECTING MARK--TO--MARKET FOR MARKETABLE STOCK OF A PFIC
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1296
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation describes the methods and procedures for
electing mark--to--market treatment for marketable stock of a PFIC.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/31/02                    67 FR 49634
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism:  Undetermined
Additional Information: REG--112306--00
Drafting attorney: Alexandra K. Helou (202) 622--3840
Reviewing attorney: Phyllis Marcus (202) 622--3840
Treasury attorney: Michael Caballero (202) 622--0851
CC:INTL
Agency Contact: Alexandra K. Helou, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3840
RIN: 1545-AY17
_______________________________________________________________________
2848. 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                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--107279--00
Drafting attorney: Elizabeth K. Kaye (202) 622--4910
Reviewing attorney: Pamela W. Fuller (202) 622--4910
CC:PA:APJP
Agency Contact: Elizabeth K. Kaye, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4910
RIN: 1545-AY18
_______________________________________________________________________
2849. INFORMATION REPORTING ON CANCELLATION OF INDEBTEDNESS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 6050
CFR Citation: 26 CFR 1
[[Page 73457]]
Legal Deadline: None
Abstract: This regulation relates to information reporting on the
cancellation of indebtedness.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/13/02                    67 FR 40629
Public Hearing                  10/08/02
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--107524--00
Drafting attorney: Joseph P. Dewald (202) 622--4910
Reviewing attorney: Donna Welch (202) 622--4910
Treasury attorney: Michael Novey (202) 622--1339
CC:PA:APJP
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-AY35
_______________________________________________________________________
2850. 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                    12/00/03
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: Filiz Serbes (202) 622--7790
Treasury attorney: Audrey Nacamuli (202) 622--0869
CC:CORP
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
_______________________________________________________________________
2851. ELECTRONIC FURNISHING OF PAYEE STATEMENTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6050; 26 USC 6051; 26 USC 6041; 26 USC 6724
CFR Citation: 26 CFR 1; 26 CFR 31
Legal Deadline: None
Abstract: This regulation amends the regulations to allow for the
electronic furnishing of Forms W--2, 1098--E, 1098--T, and other payee
statements.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/14/01                    66 FR 10247
NPRM Comment Period End         07/06/01                    66 FR 32279
Public Hearing                  07/25/01                    66 FR 32279
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: State
Additional Information: REG--107186--00
Drafting attorney: Michael E. Hara (202) 622--4910
Reviewing attorney: John McGreevy (202) 622--4910
Treasury attorney: John Parcell (202) 622--2578
CC:PA:APJP
Agency Contact: Michael E. Hara, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4910
RIN: 1545-AY50
_______________________________________________________________________
2852. 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                    12/00/03
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
_______________________________________________________________________
2853. LOW--INCOME TAXPAYER CLINICS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will amend the regulations pertaining to the
definition of income tax return preparer to exclude low--income
taxpayer
[[Page 73458]]
clinics and their volunteers when operating as authorized by 26 U.S.C.
7526.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/11/02                    67 FR 39915
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--115285--01
Drafting attorney: Brinton T. Warren (202) 622--4940
Reviewing attorney: Judith M. Wall (202) 622--4940
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:APJP
Agency Contact: Brinton T. Warren, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7800
RIN: 1545-AY84
_______________________________________________________________________
2854. NEW MARKET TAX CREDIT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 45D; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations relate to the new markets tax credit under
section 45D, which was enacted by section 121(a) of the Community
Renewal Tax Relief Act of 2000 (Pub. L. 106--554).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           05/01/01                    66 FR 21844
NPRM                            12/26/01                    66 FR 66376
Public Hearing                  03/14/02
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG--119436--01
Drafting attorney: Paul F. Handleman (202) 622--3040
Reviewing attorney: Susan Reaman (202) 622--3040
Treasury attorney: Steve Watson (202) 622--1322
CC:PSI
Agency Contact: Paul F. Handleman, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3040
RIN: 1545-AY87
_______________________________________________________________________
2855. DEFINITION OF AGENT AND SAFEGUARD CERTIFICATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6103
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: This regulation relates to the definition of agent for
purposes of I.R.C. sections 6103(1) and (m).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/01/02                     67 FR 4938
NPRM Comment Period End         05/02/02
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: State, Federal, Local
Additional Information: REG--120135--01
Drafting attorney: Helene R. Newsome (202) 622--4570
Reviewing attorney: Donald M. Squires (202) 622--4570
Treasury attorney: Eric San Juan (202) 622--0224
CC:PA:DPL
Agency Contact: Helene R. Newsome, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4570
RIN: 1545-AY94
_______________________________________________________________________
2856. TAX SHELTER PENALTIES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6662; 26 USC 6664
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: This regulation relates to sections 6662 and 6664 regarding
tax shelter penalties. The project has arisen in connection with the
revision to Circular 230.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/31/02                    67 FR 79894
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--126016--01
Drafting attorneys: Jamie G. Bernstein (202) 622--7845
Reviewing attorney: Ashton P. Trice (202) 622--7711
Treasury attorney: Julian Kim (202) 622--1981
CC:PA:APJP
Agency Contact: Jamie G. Bernstein, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone: 202 622--7845
RIN: 1545-AY97
_______________________________________________________________________
2857. EXPENDITURES IN CONNECTION WITH THE CREATION OF INTANGIBLE ASSETS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 263
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations provide guidance on the treatment of costs
incurred in connection with the creation of an intangible asset.
[[Page 73459]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/19/02                    67 FR 77701
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--125638--01
Drafting attorney: Andrew J. Keyso, Jr. (202) 622--5020
Reviewing attorney: Robert Casey (202) 622--4950
Treasury attorney: Jodi Cohen (202) 622--0160
CC:ITA
Agency Contact: Andrew J. Keyso Jr., Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--5020
RIN: 1545-BA00
_______________________________________________________________________
2858. 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                    12/00/03
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: Reginald Mombrum (202) 622--7930
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
RIN 1545--BA06 and its corresponding number REG--126485--01 was first
opened with respect to a proposed regulation that was first published
in the Federal Register on November 15, 2001. The November 15, 2001,
proposed regulations were withdrawn by proposed regulations in the
Federal Register on January 24, 2003. The January 24, 2003, proposed
regulations with the same REG--126485--01, not only withdrew the
November 15, 2001, proposed regulations but also served as a cross--
referencing proposed regulation to a temporary regulation published in
the Federal Register on January 24, 2003, and a notice of proposed
rulemaking.
The temporary regulations also use the REG--126485--01 number. The
document published with respect to the temporary regulations also serve
as final regulations. The final regulations use RIN 1545--BB46 and
REG--162729--02. Once the temporary regulations were published, the
final regulations (REG--162729--02; RIN 1545--BB46) were closed.
Agency Contact: Richard M. Heinecke, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7930
RIN: 1545-BA06
_______________________________________________________________________
2859. REDUCTIONS OF ACCRUALS AND ALLOCATIONS BECAUSE OF INCREASED AGE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 411; 26 USC 411
CFR Citation: 26 CFR 1
Legal Deadline: Final, Statutory, February 1, 1988, Final.
Abstract: These regulations will prescribe rules regarding the
requirement that accruals and allocations under qualified retirement
plans cannot be reduced because of the attainment of any age.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/11/02                    67 FR 76123
Hearing                         04/09/03
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: REG--209500--86
Drafting attorney: Linda S.F. Marshall (202) 622--6090
Reviewing attorney: Marjorie Hoffman (202) 622--6090
Treasury attorney: Harlan Weller (202) 622--1001
CC:TEGE
Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6090
RIN: 1545-BA10
_______________________________________________________________________
2860. 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. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 3101; 26 USC 3111; 26 USC 3121; 26 USC 3301; 26
USC 3306; 26 USC 3401; 26 USC 3402; 26 USC 7805
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: The regulations under sections 424, 3121, 3306, and 3401
clarify the application of the Federal Insurance Contributions Act
(FICA), Federal Unemployment Tax Act (FUTA), and the Collection of
Income
[[Page 73460]]
Tax at Source to statutory stock options; i.e., incentive stock options
under section 422 (ISOs) and options granted under employee stock
purchase plans under section 423 (ESPP options). The regulations
provide that at the time of the exercise of a statutory stock option,
the individual who was granted the statutory stock option receives
wages for FICA and FUTA purposes. The regulations also provide that the
amount of wages received equals the excess of the fair market value of
the stock acquired pursuant to the exercise of the statutory stock
option over the amount paid for the stock and that income tax
withholding is not required when an individual exercises a statutory
stock option because no income is recognized at the time of exercise by
reason of section 421(a)(1).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            11/13/01                    66 FR 57023
Public Hearing                  05/14/02                     67 FR 5076
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--142686--01
Drafting attorney: Stephen B. Tackney (202) 622--6040
Reviewing attorney: Michael A. Swim (202) 622--6040
Treasury attorney: Bill Bortz (202) 622--1352
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--6040
RIN: 1545-BA26
_______________________________________________________________________
2861. 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                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Local, State
Additional Information: REG--165706--01
Drafting attorney: Michael P. Brewer (202) 622--3980
Reviewing attorney: Timothy L. Jones (202) 622--3980
CC:TEGE
Agency Contact: Michael P. Brewer, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3980
RIN: 1545-BA46
_______________________________________________________________________
2862. LOSS LIMITATION RULES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 337(d)
CFR Citation: 26 CFR 1; 26 CFR 602
Legal Deadline: None
Abstract: The regulation provides guidance on the treatment of certain
losses recognized on sales of subsidiary stock by members of a
consolidated group under section 337(d) and section 1502 of the
Internal Revenue Code. For related matters, see the proposed
regulations published on March 12, 2002, at 67 FR 11070 regarding REG--
102740--02.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/31/02                    67 FR 38040
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--123305--02
Drafting attorney: Lola L. Johnson (202) 622--7530
Reviewing attorney: Sean P. Duffley (202) 622--7530
CC:CORP
Agency Contact: Lola L. Johnson, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7530
RIN: 1545-BA52
_______________________________________________________________________
2863. NONCOMPENSATORY PARTNERSHIP OPTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 704; 26 USC 721; 26 USC 761
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will describe the tax treatment of
noncompensatory partnership options.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/22/03                     68 FR 2930
Public Hearing                  05/20/03
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--103580--02
Drafting attorneys: Audrey W. Ellis and Demetri G. Yatrakis (202) 622--
3060
Reviewing attorneys: Matthew Lay (202) 622--3060
Treasury attorney: Deborah Harrington (202) 622--1788
[[Page 73461]]
CC:PSI
Agency Contact: Audrey W. Ellis, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3060
Demetri G. Yatrakis, Attorney--Advisor, Department of the Treasury,
Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC
20224
Phone: 202 622--3060
RIN: 1545-BA53
_______________________________________________________________________
2864. REQUIRED DISTRIBUTIONS FROM RETIREMENT PLANS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 401(a)(9)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation relates to required minimum distributions
from defined benefit plans and annuity contracts.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/17/02                    67 FR 18834
Hearing                         09/04/02                    67 FR 56509
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--108697--02
Drafting attorney: Cathy A. Vohs (202) 622--6090
Reviewing attorney: Marjorie Hoffman (202) 622--6000
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-BA60
_______________________________________________________________________
2865. CARRYBACK OF CONSOLIDATED NET OPERATING LOSSES TO SEPARATE RETURN
YEARS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will harmonize the waiver election in
regulations section 1.1502--21(b)(3) with the amendments to IRC 172(b)
with the Job Creation and Worker Assistance Act of 2002.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/31/02                    67 FR 38039
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--122564--02
Drafting and reviewing attorney: Marie C. Milnes--Vasquez (202) 622--
7530
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
Agency Contact: Marie Milnes--Vasquez, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7530
RIN: 1545-BA73
_______________________________________________________________________
2866. STATUTORY OPTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 421
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides rules for the creation, and or
maintenance, of a statutory stock option plan. It includes rules on
adopting a plan, plan requirements, permissible provisions of a plan,
and disqualification of a statutory option.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/09/03                    68 FR 34344
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--122917--02
Drafting attorney: Erinn M. Madden (202) 622--6030
Reviewing attorney: Robert Misner (202) 622--6030
Treasury attorney: Elizabeth Drigotas (202) 622--1332
CC:TEGE
Agency Contact: Erinn M. Madden, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6030
RIN: 1545-BA75
_______________________________________________________________________
2867. DISCLOSURE OF RELATIVE VALUE OF DISTRIBUTION FORMS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805(b); 26 USC 417(a)(3)(A)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will specify the disclosures that must be
made to participants in qualified pension plans to describe the
relative value of the available optional forms of benefit.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/07/02                    67 FR 62417
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses, Organizations
Government Levels Affected: None
Additional Information: REG--124667--02
Drafting attorney: Linda S.F. Marshall (202) 622--6090
[[Page 73462]]
Reviewing attorney: Marjorie Hoffman (202) 622--6090
Treasury attorney: Harlan Weller (202) 622--1001
CC:TEGE
Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6090
RIN: 1545-BA78
_______________________________________________________________________
2868. PARTNERSHIP TRANSACTIONS INVOLVING LONG--TERM CONTRACTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 460
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Currently, regulations under section 460 divide the rules
regarding a mid--contract change in taxpayers engaged in completing
long--term contracts into two categories: constructive completion
transactions and step--in--the--shoes transactions. The regulations
provide that a transfer described in section 721(a) of a long--term
contract to a partnership and a transfer of a partnership interest are
step--in--the--shoes transactions. These regulations will explain the
tax consequences of contributions of long--term contracts to, transfers
of interests in, and distributions from, partnerships holding long--
term contracts.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/06/03                    68 FR 46516
Final Action                    06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG--128203--02
Drafting attorney: Richard T. Probst (202) 622--3060
Reviewing attorney: Thomas Hines (202) 622--3060
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI
Agency Contact: Richard T. Probst, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3060
RIN: 1545-BA81
_______________________________________________________________________
2869. 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                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--106871--00
Drafting attorney: Faith Colson (202) 622--3060
Reviewing attorney: J. Thomas Hines (202) 622--3060
Treasury attorney: Viva Hammer (202) 622--0869
CC:PSI
Agency Contact: Faith Colson, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3060
RIN: 1545-BA83
_______________________________________________________________________
2870. 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                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--133254--02
Drafting attorney: Alexandra K. Helou (202) 622--3840
Reviewing attorney: Valerie Mark Lippe (202) 622--3840
Treasury attorney: Hilary Hoover (202) 622--1781
CC:INTL
Agency Contact: Alexandra K. Helou, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3840
RIN: 1545-BA86
_______________________________________________________________________
2871. AGGREGATE COMPUTATION AND ALLOCATION OF RESEARCH CREDIT
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 41
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will provide guidance on the proper method of
computing the research credit for a controlled group. In addition, this
regulation will provide guidance on the allocation of the research
credit among members of a controlled group.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/29/03                    68 FR 44499
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
[[Page 73463]]
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--133791--01
Drafting attorney: Jolene J. Shiraishi (202) 622--3120
Reviewing attorney: Brenda M. Stewart (202) 622--3120
Treasury attorney: Sharon Kay (202) 622--0865
CC:PSI
Agency Contact: Jolene J. Shiraishi, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3120
RIN: 1545-BA88
_______________________________________________________________________
2872. REDUCED EXCLUSION OF GAIN FROM SALE OR EXCHANGE OF PRINCIPAL
RESIDENCE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 121; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance on when a taxpayer who has
not owned and used the property for two years or who has claimed the
exclusion within the last two years is eligible to claim a reduced
exclusion under section 121(c).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/24/02                    67 FR 78398
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--138882--02
Drafting attorney: Sara P. Shepherd (202) 622--4960
Reviewing attorney: J. Charles Strickland (202) 622--4960
Treasury attorney: Eric San Juan (202) 622--0224
CC:ITA
Agency Contact: Sara P. Shepherd, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4960
RIN: 1545-BB01
_______________________________________________________________________
2873. CHANGE IN USE; ACCELERATED COST RECOVERY SYSTEM
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 168
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance under section 168 regarding
depreciation of property for which the use changes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/21/03                    68 FR 43047
Final Action                    06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: None
Additional Information: REG--138499--02
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
RIN: 1545-BB05
_______________________________________________________________________
2874. CAPITAL ACCOUNT BOOKUP
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 704; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will expand the circumstances under which a
revaluation of partnership capital accounts is permitted.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/02/03                    68 FR 39498
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--139796--02
Drafting attorney: Jason T. Smyczek (202) 622--3050
Reviewing attorney: David Haglund (202) 622--3050
Treasury attorney: Deborah Harrington (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-BB10
_______________________________________________________________________
2875. STRUCTURED SETTLEMENT FACTORING TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 115
CFR Citation: 26 CFR 1; 26 CFR 602; 26 CFR 157
Legal Deadline: None
Abstract: These regulations relate to section 5891 of the Internal
Revenue Code. Section 5891 imposes a 40 percent excise tax upon any
person who acquires certain payment rights in a structured settlement
factoring transaction. The regulations provide guidance necessary to
comply with the reporting requirements of the excise tax.
[[Page 73464]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/19/03                     68 FR 7956
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--139768--02
Drafting attorney: Shareen S. Pflanz (202) 622--4920
Reviewing attorney: Charles Strickland (202) 622--4960
Treasury attorney: John Parcell (202) 622--2578
CC:ITA
Agency Contact: Shareen S. Pflanz, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4920
RIN: 1545-BB14
_______________________________________________________________________
2876. TESTIMONY AUTHORIZATIONS AND REQUESTS FOR IRS INFORMATION
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 301
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: This regulation will amend existing regulations on testimony
authorizations and requests for IRS information.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/09/03                    68 FR 40850
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--140930--02
Drafting attorney: J. Suzanne Sones (202) 622--4590
Reviewing attorney: David L. Fish (202) 622--4590
CC:PA:DPL
Agency Contact: J. Suzanne Sones, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4590
RIN: 1545-BB15
_______________________________________________________________________
2877. TOLL TELEPHONE SERVICE--DEFINITION
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 49
Legal Deadline: None
Abstract: This regulation provides amendments to regulations relating
to the definition of toll telephone service.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/01/03                    68 FR 15690
Hearing                         09/10/03                    68 FR 35828
Final Action                    06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG--141097--02
Drafting attorney: Cynthia A. McGreevy (202) 622--3130
Reviewing attorneys: Frank Boland (202) 622--3130 and Phillip Howard
(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
_______________________________________________________________________
2878. AUTHORIZATION FOR IRS TO CHARGE FEES FOR COPYING EXEMPT
ORGANIZATION RETURNS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6104
CFR Citation: 26 CFR 301
Legal Deadline: None
Abstract: The regulation provides authorization for Internal Revenue
Service to charge fees for copying exempt organization returns.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/09/03                    68 FR 40849
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--142538--02
Drafting attorney: Sarah Tate (202) 622--4590
Reviewing attorney: Philip Lindenmuth (202) 622--4560
Treasury attorney: Eric San Juan (202) 622--0224
CC:PA:DPL
Agency Contact: Sarah Tate, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4590
RIN: 1545-BB21
_______________________________________________________________________
2879. EXTENSION OF TIME FOR FILING RETURNS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6081
CFR Citation: 26 CFR 1; 26 CFR 25; 26 CFR 31; 26 CFR 53; 26 CFR 55; 26
CFR 156; . . .
Legal Deadline: None
Abstract: This regulation will amend the section 6081 regulations to
remove
[[Page 73465]]
the signature requirement for Form 8809, Request for Extension of Time
to File Information Returns. This will enable filers of information
returns to request an extension of time to file using an online version
of the Form 8809.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/11/03                    68 FR 34875
Final Action                    02/00/04
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--107618--02
Drafting attorney: Charles A. Hall (202) 622--4940
Reviewing attorney: Judith Wall (202) 622--4940
Treasury attorney: John Parcell (202) 622--2578
CC:PA:APJP
Agency Contact: Charles A. Hall, Senior Counsel, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4940
RIN: 1545-BB29
_______________________________________________________________________
2880. INVESTMENT ADJUSTMENT RULES AND WAIVER OF LOSS CARRYOVERS FROM
SRLY YEARS--AMENDED
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will allow a group to revoke an election
under regulations section 1.1502--32(b)(4), where such election has
become unnecessary as a result of regulations section 1.1502--
20T(i)(2).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/07/03                    68 FR 24404
Final Action                    06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--152524--02
Drafting attorney: Jeffrey B. Fienberg (202) 622--7930
Reviewing attorney: Alison G. Burns (202) 622--7700
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
Agency Contact: Jeffrey B. Fienberg, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7930
RIN: 1545-BB38
_______________________________________________________________________
2881. AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE CORRECT
INFORMATION RETURNS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6724
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Amended regulations to provide an electronic alternative
procedure as to when the filing of a correction is considered prompt
for purposes of section 6724.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/09/03                    68 FR 40857
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--141669--02
Drafting attorney: Robert A. Desilets (202) 622--4910
Reviewing attorney: John J. McGreevy (202) 622--4910
Treasury attorney: Eric San Juan (202) 622--0224
CC:PA:APJP
Agency Contact: Robert A. Desilets Jr., Attorney--Advisor, Department
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4910
RIN: 1545-BB41
_______________________________________________________________________
2882. LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD OF ACCOUNTING
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 403
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Under section 448(d)(5), as amended by the Job Creation and
Worker Assistance Act of 2002, the nonaccrual experience method of
accounting is available only for amounts to be received for the
performance of qualified services (i.e., services in the fields of
health, law, engineering, architecture, accounting, actuarial science,
performing arts, or consulting) or for services provided by certain
small businesses (i.e., those with gross receipts of $5 million or
less). The law provides that such taxpayers are not required to accrue,
based on their experience, any portion of year--end receivables that
will not be collected. Under the proposed regulations, taxpayers will
be permitted to determine such amounts using alternative computations
or formulas which, based on experience, accurately reflect the amount
of income that will not be collected by such taxpayer. The proposed
regulations will provide safe harbor methods (computations or formulas)
of estimating such amounts that the taxpayers can rely on.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/04/03                    68 FR 52543
Final Action                    06/00/04
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
[[Page 73466]]
Reviewing attorney: Tom A. Luxner (202) 622--4970
CC:ITA
We issued interim guidance in the form of a Notice 2003--12, 2003--6
published in the IRB 422 on January 22, 2003, with a request for
comments.
Agency Contact: Terrance McWhorter, General Tax Attorney, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--4970
RIN: 1545-BB43
_______________________________________________________________________
2883. ADVANCE RENTALS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 61(a)(5)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation will allow the IRS Commissioner to change the
rules for accounting for advance rental income. This change is needed
to accomplish an item on Treasury's Guidance Priority List involving
advance payments. Because the modification only provides for the
Commissioner's authority and does not directly change a substantive
rule, the regulation should have no loss or risk.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/18/02                    67 FR 77450
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--151043--02
Drafting attorney: Edwin B. Cleverdon (202) 622--7900
Reviewing attorney: Kim Koch (202) 622--5020
CC:ITA
Agency Contact: Edwin B. Cleverdon, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7900
RIN: 1545-BB44
_______________________________________________________________________
2884. 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 deprecations allowance.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/08/03                    68 FR 53008
Final Action                    06/00/04
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 Manuso (202) 622--1335
CC:PSI
Agency Contact: Douglas Kim, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3110
RIN: 1545-BB57
_______________________________________________________________________
2885. USE OF GOVERNMENT DEPOSITARIES IN CONNECTION WITH TAX UNDER THE
FEDERAL UNEMPLOYMENT TAX ACT
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805; 26 USC 6302
CFR Citation: 26 CFR 31
Legal Deadline: None
Abstract: The proposed regulations will raise the amount of accumulated
Federal Unemployment Tax Act for taxes that a taxpayer may accumulate
before being required to deposit.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/17/03                    68 FR 42329
Final Action                    06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Additional Information: REG--144908--02
Drafting attorney: Heather L. Dostaler (202) 622--8445
Reviewing attorney: Brinton T. Warren (202) 622--7134
Treasury attorney: John Parcell (202) 622--2578
CC:PA:APJP
Agency Contact: Heather L. Dostaler, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--8445
RIN: 1545-BB66
_______________________________________________________________________
2886. AVAILABILITY OF SECTION 338(H)(10) ELECTION IN MULTISTEP
TRANSACTIONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 338; 26 USC 368
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation concerns whether a section 338(h)(10)
election should suspend application of the step transaction doctrine.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/09/03                    68 FR 40848
Final Action                    12/00/03
[[Page 73467]]
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--143679--02
Drafting attorneys: Daniel F. Heins and Mary E. Goode (202) 622--7930
Reviewing attorney: Reginald Mombrun (202) 622--7930
CC:CORP
Agency Contact: Daniel F. Heins, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7930
Mary E. Goode, Attorney--Advisor, Department of the Treasury, Internal
Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224
Phone: 202 622--7930
RIN: 1545-BB68
_______________________________________________________________________
2887. REAL ESTATE MORTGAGE INVESTMENT CONDUITS (REMICS); APPLICATION OF
SECTION 446 WITH RESPECT TO INDUCEMENT FEES
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 446; 26 USC 860
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations provide guidance on the proper timing of
income from the receipt of fees to induce the purchase of noneconomic
residual interests in Real Estate Mortgage Investment Conduits
(REMICs). The regulations require that these REMIC inducement fees may
no longer be taken into account currently upon receipt. Instead, the
proposed regulations require that these inducement fees be taken into
account over a period that is related to the period during which the
applicable REMIC is expected to generate taxable income or net loss
allocable to the holder of the noneconomic residual interest. The
regulations also provide two safe harbor methods of accounting for
these inducement fees. The regulations will be issued at 26 CFR section
1.446--6, as applicable. (The notice of proposed rulemaking also
includes a sourcing rule at 1.863--1(e).)
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/21/03                    68 FR 43055
Public Hearing                  11/18/03
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: REG--162625--02
Drafting attorney: John W. Rogers, III (202) 622--3950
Reviewing attorney: Santina M. Jannotta (202) 622--3930
CC:FIP
Agency Contact: John W. Rogers, III, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3950
RIN: 1545-BB73
_______________________________________________________________________
2888. GUIDANCE ON LIFE INSURANCE AND ANNUITY CONTRACTS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805; 26 USC 817
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulation modifies the existing section under 26 U.S.C.
817(h) relating to guidance on life insurance and annuity contracts.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/30/03                    68 FR 44689
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--163974--02
Drafting attorney: James Polfer (202) 622--3970
Reviewing attorney: Donald Drees, Jr. (202) 622--3970
CC:FIP
Agency Contact: James Polfer, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3970
RIN: 1545-BB77
_______________________________________________________________________
2889. ASSUMPTION OF PARTNERSHIP LIABILITIES (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These temporary regulations enact section 358(b) for
partnerships for the period between October 18, 1999, and the
publication of the companion proposed regulations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--106736--00
Drafting attorney: Horace W. Howells (202) 622--3050
Reviewing attorney: Dianna Miosi (202) 622--3050
Treasury attorney: Deborah Harrington (202) 622--1788
CC:PSI
Agency Contact: Horace W. Howells, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3050
RIN: 1545-BB83
_______________________________________________________________________
2890. DISTRIBUTIONS OF LOSS CORPORATION STOCK BY QUALIFIED PLANS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
[[Page 73468]]
Legal Authority: 26 USC 382(m)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Under current regulations, distributions of loss corporation
stock from a qualified trust to its beneficiaries can cause an
ownership change, triggering the limitation on losses of section 382 of
the Internal Revenue Code. This regulation would reduce the negative
impact of many such distributions by providing a ``talking rule'' that
would treat distributed stock as having been acquired by the
beneficiary in the time and manner acquired by the trust.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/27/03                    68 FR 38247
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--108676--03
Drafting attorney: Martin T. Huck (202) 622--7750
Reviewing attorney: Mark Jennings (202) 622--7750
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
Agency Contact: Martin T. Huck, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7750
RIN: 1545-BC00
_______________________________________________________________________
2891. TRANSFERS OF NONSTATUTORY STOCK OPTIONS TO RELATED PERSONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 83
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations will provide rules for determining when the
transfer of a nonstatutory stock option will be considered an arm's
length transaction for purposes of section 1.83--7(a).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/02/03                    68 FR 39498
Final Action                    06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--116914--03
Drafting attorney: Stephen B. Tackney (202) 622--6040
Reviewing attorney: Robert Misner (202) 622--6030
Treasury attorney: William Bortz (202) 622--1352
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--6040
RIN: 1545-BC06
_______________________________________________________________________
2892. [bull] NOTARIZATION REQUIREMENT FOR STATEMENTS OF PURCHASE
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 1042(a)(1); 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations would modify the requirement that statements
of purchase of qualified replacement property be notarized within 30
days of purchase.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/10/03                    68 FR 41087
Comment Period End              10/08/03
Final Action                    02/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--121122--03
Drafting attorney: John T. Ricotta (202) 622--6060
Reviewing attorney: Robert Patchell (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-BC11
_______________________________________________________________________
2893. [bull] CONTINGENT AT CLOSING ESCROWS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 602
Legal Deadline: None
Abstract: The regulations will provide rules for taxing the income of a
contingent at closing escrow. A contingent at closing escrow is,
generally, established in connection with the sale or exchange of real
or personal property to hold assets that will be distributable to the
purchaser or seller based on the post--closing resolution of bona fide
contingencies. The rules will require the purchaser or seller to take
into account all items of income and deduction for Federal income tax
purposes.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            02/01/99                     64 FR 4801
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--103422--03
Reviewing attorney: A. Katharine Kiss (202) 622--7812
Drafting attorney: Jeff Mitchell (202) 622--7934
[[Page 73469]]
Treasury attorney: Deborah Harrington (202) 622--1788
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--7812
RIN: 1545-BC16
_______________________________________________________________________
2894. [bull] CHANGES IN COMPUTING DEPRECIATION (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The temporary regulation provides guidance under section
446(b) regarding changes in computing depreciation or amortization.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
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
RIN: 1545-BC17
_______________________________________________________________________
2895. [bull] LIKE--KIND EXCHANGES UNDER SECTION 168 (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 168
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This temporary regulation relates to the depreciation of
properly subject to section 168 of the Internal Revenue Code (MACRS
property). Specifically, these temporary regulations provide guidance
on how to depreciate MACRS properly acquired in a like--kind exchange
under section 1031 or as a result of an involuntary conversion under
section 1033, where both the acquired and relinquished properly are
subject to MACRS.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Businesses
Government Levels Affected: Undetermined
Additional Information: REG--106590--00
Drafting attorney: Charles Magee (202) 622--3110
Reviewing attorney: Charles Ramsey (202) 622--3110
Treasury attorney: George Manousos (202) 622--1335
CC:PSI
Agency Contact: Charles Magee, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3110
RIN: 1545-BC27
_______________________________________________________________________
2896. [bull] PRESERVATION OF STOCK BASIS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation will address the determination of stock basis
in the case of a group structure change that occurs by reason of
certain transactions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/08/03                    68 FR 40579
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--130262--03
Drafting attorney: Ross E. Poulsen (202) 622--7770
Reviewing attorney: Marlene Oppenheim (202) 622--7770
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
Agency Contact: Ross E. Poulsen, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7770
RIN: 1545-BC28
_______________________________________________________________________
2897. [bull] ELIMINATION OF FORMS OF DISTRIBUTION IN DEFINED
CONTRIBUTION PLANS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 411(d)(b)(E)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These regulations will amend the section 411(d)(b)
regulations to conform to the amendments made by EGTRRA, in accordance
with section 411(d)(b)(E), relating to the elimination of forms of
distribution in defined contribution plans.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/08/03                    68 FR 40581
Final Action                    06/00/04
[[Page 73470]]
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--112039--03
Drafting attorney: Vernon S. Carter (202) 622--6060
Treasury attorney: William Bortz (202) 622--1352
CC:TEGE
Agency Contact: Vernon Carter, Tax Law Specialist, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--6060
RIN: 1545-BC35
_______________________________________________________________________
2898. [bull] DEPRECIATION OF VANS AND LIGHT TRUCKS
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 regulations will provide guidance defining a specific
class of vans and light trucks as exempt from the depreciation
limitations imposed on passenger automobiles under section 280F.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/07/03                    68 FR 40224
Final Action                    06/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--138495--02
Drafting attorney: Bernard Harvey, III (202) 622--3110
Reviewing attorney: Charles Ramsey (202) 622--3110
Treasury attorney: John Parcell (202) 622--2578
CC:PSI
Agency Contact: Bernard P. Harvey III, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3110
RIN: 1545-BC36
_______________________________________________________________________
2899. [bull] GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO
MEMBERS OF A CONSOLIDATED GROUP
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations under section 1502 of the Internal Revenue
Code provide guidance concerning the application of certain provisions
of section 108 to members of a consolidated group.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/04/03                    68 FR 52542
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--132760--03
Drafting attorney: Amber R. Cook (202) 622--7530
Reviewing attorney: Marie Milnes--Vasquez (202) 622--7530
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
Agency Contact: Amber R. Cook, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7530
RIN: 1545-BC38
_______________________________________________________________________
2900. [bull] REMEDIAL ACTIONS FOR TAX EXEMPT BONDS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 141; 26 USC 142
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The proposed regulations amend final regulations under
section 1.141--12 and 1.141--2 that provide certain permitting remedial
actions for tax exempt bonds issued by State and local governments and
make related amendments to section 1.141--15 and 1.141--16. This
regulation revises the definition of the amount of nonqualified bonds
under section 141--12 and amends the provision of section 1.141--12 and
1.141--2 relating to allocations of nonqualified bonds.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/21/03                    68 FR 43059
Final Action                    12/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--132483--03
Drafting attorney: Gary W. Bornholdt (202) 622--7870
Reviewing attorney: Bruce Serchuk (202) 622--1766
CC:TEGE
Agency Contact: Gary W. Bornholdt, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7870
RIN: 1545-BC40
[[Page 73471]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Internal Revenue Service (IRS)
_______________________________________________________________________
2901. 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
Government Levels Affected: None
Agency Contact: Margaret A. Hogan
Phone: 202 622--3850
RIN: 1545-AC09
_______________________________________________________________________
2902. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT
INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/21/86                     51 FR 2726
Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: W. Edward Williams
Phone: 202 622--3880
RIN: 1545-AC10
_______________________________________________________________________
2903. 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
Government Levels Affected: None
Agency Contact: Douglas L. Giblen
Phone: 202 435--5265
RIN: 1545-AI16
_______________________________________________________________________
2904. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/24/92                    57 FR 61373
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Amanda A. Ehrlich
Phone: 202 622--3880
RIN: 1545-AJ93
_______________________________________________________________________
2905. 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
Government Levels Affected: None
Agency Contact: David A. Juster
Phone: 202 622--3850
RIN: 1545-AL93
_______________________________________________________________________
2906. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/00/05
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Richard L. Chewning
Phone: 202 622--3850
RIN: 1545-AM11
_______________________________________________________________________
2907. 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
Government Levels Affected: None
Agency Contact: Margaret A. Hogan
Phone: 202 622--3850
RIN: 1545-AM90
_______________________________________________________________________
2908. CARIBBEAN BASIN INVESTMENTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            05/13/91                    56 FR 21963
Hearing                         07/12/91                    56 FR 21963
Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: W. Edward Williams
Phone: 202 622--3880
RIN: 1545-AM91
_______________________________________________________________________
2909. 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
[[Page 73472]]
_______________________________________________________________________
2910. 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
Government Levels Affected: None
Agency Contact: Carl M. Cooper
Phone: 202 622--3840
RIN: 1545-AO22
_______________________________________________________________________
2911. CHARITABLE CONTRIBUTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/12/91                    56 FR 10395
Hearing                         08/01/91                    56 FR 23823
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Teresa B. Hughes
Phone: 202 622--3850
RIN: 1545-AP30
_______________________________________________________________________
2912. 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
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/15/92                    57 FR 59324
NPRM Comment Period End         01/20/93
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Tara P. Volungis
Phone: 202 622--3080
RIN: 1545-AP52
_______________________________________________________________________
2913. 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
Government Levels Affected: None
Agency Contact: Margaret A. Hogan
Phone: 202 622--3850
RIN: 1545-AQ55
_______________________________________________________________________
2914. 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
Government Levels Affected: None
Agency Contact: Ann H. Logan
Phone: 202 622--3970
RIN: 1545-AQ70
_______________________________________________________________________
2915. FOREIGN TRUSTS REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Karen Rennie Quarrie
Phone: 202 622--3880
RIN: 1545-AR25
_______________________________________________________________________
2916. TREATMENT OF DUAL CONSOLIDATED LOSSES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Kenneth D. Allison
Phone: 202 622--3860
RIN: 1545-AR26
_______________________________________________________________________
2917. 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
Government Levels Affected: None
Agency Contact: Cathy A. Vohs
Phone: 202 622--6090
RIN: 1545-AT82
_______________________________________________________________________
2918. 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
Government Levels Affected: None
Agency Contact: Kenneth P. Christman
Phone: 202 622--3870
RIN: 1545-AT96
_______________________________________________________________________
2919. APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT EMPLOYEES' TRUST
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/27/96                    61 FR 50778
[[Page 73473]]
NPRM Comment Period End         12/26/96
Hearing                         01/15/97
Next Action Undetermined
Regulatory Flexibility Analysis Required: 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
_______________________________________________________________________
2920. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Federalism:  Undetermined
Agency Contact: W. Edward Williams
Phone: 202 622--3880
RIN: 1545-AU91
_______________________________________________________________________
2921. FINANCIAL ASSET SECURITIZATION INVESTMENT TRUST (FASIT) START--UP;
OPERATIONAL AND TRANSITIONAL RULES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301; 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           11/04/96                    61 FR 56648
ANPRM Comment Period End        12/31/96
NPRM                            02/07/00                     65 FR 5807
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Alexa Temple Dubert
Phone: 202 622--3071
RIN: 1545-AU94
_______________________________________________________________________
2922. AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/31/97                    62 FR 68241
Second NPRM                     12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Frederick W. Schindler
Phone: 202 622--3620
RIN: 1545-AU97
_______________________________________________________________________
2923. SUBSTANTIATING TRAVEL EXPENSE DEDUCTIONS FOR MEMBERS OF CONGRESS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 5
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Edwin B. Cleverdon
Phone: 202 622--7900
RIN: 1545-AV55
_______________________________________________________________________
2924. STOCKS AND SECURITIES SAFE HARBOR EXCEPTION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
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                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Kenneth P. Christman
Phone: 202 622--3870
RIN: 1545-AW13
_______________________________________________________________________
2925. CONTINGENT DEBT INSTRUMENT
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/29/03                    68 FR 51944
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Milton M. Cahn
Phone: 202 622--3870
RIN: 1545-AW33
_______________________________________________________________________
2926. SOURCE OF INCOME FROM CERTAIN SPACE AND OCEAN ACTIVITIES AND FOR
COMMUNICATIONS INCOME
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/17/01                     66 FR 3903
Hearing                         05/23/01                    66 FR 12916
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Edward R. Barret
Phone: 202 435--5265
RIN: 1545-AW50
_______________________________________________________________________
2927. HIGHWAY VEHICLE--DEFINITION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 48
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            06/06/02                    67 FR 38913
Public Hearing                  02/27/03
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Theodore N. Margopulos
Phone: 202 622--3130
RIN: 1545-AX10
[[Page 73474]]
_______________________________________________________________________
2928. GUARANTEED INVESTMENT CONTRACTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            08/27/99                    64 FR 46876
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Local, State
Agency Contact: Rose M. Weber
Phone: 202 622--3980
RIN: 1545-AX22
_______________________________________________________________________
2929. INSPECTION OF WRITTEN DETERMINATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Deborah Lambert--Dean
Phone: 202 622--4570
Fax: 202 622--9888
RIN: 1545-AX40
_______________________________________________________________________
2930. DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION
1297
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Alexandra K. Helou
Phone: 202 622--3840
RIN: 1545-AX78
_______________________________________________________________________
2931. ACTIVE CONDUCT OF AN INSURANCE BUSINESS UNDER PFIC RULES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Agency Contact: Sheila Ramaswamy
Phone: 202 622--3870
RIN: 1545-AY20
_______________________________________________________________________
2932. HIPAA GENERAL NONDISCRIMINATION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 54
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/08/01                     66 FR 1435
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Russell Weinheimer
Phone: 202 622--6080
RIN: 1545-AY32
_______________________________________________________________________
2933. HIPAA NONDISCRIMINATION EXCEPTION FOR CHURCH PLANS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/10/01                     66 FR 1437
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Russell Weinheimer
Phone: 202 622--6080
RIN: 1545-AY33
_______________________________________________________________________
2934. HIPAA NONDISCRIMINATION EXCEPTION FOR BONA FIDE WELLNESS PROGRAMS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/08/01                     66 FR 1421
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Russell Weinheimer
Phone: 202 622--6080
RIN: 1545-AY34
_______________________________________________________________________
2935. SPECIAL RULES RELATING TO TRANSFERS OF INTANGIBLES TO FOREIGN
CORPORATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Federalism:  Undetermined
Agency Contact: Thomas D. Beem
Phone: 202 622--3860
RIN: 1545-AY41
_______________________________________________________________________
2936. RECOGNITION OF GAIN ON CERTAIN DISTRIBUTIONS OF STOCK OR
SECURITIES IN CONNECTION WITH AN ACQUISITION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/26/02                    67 FR 20711
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Amber R. Cook
Phone: 202 622--7530
RIN: 1545-AY42
_______________________________________________________________________
2937. 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
[[Page 73475]]
NPRM Comment Period End         06/26/92
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: David A. Juster
Phone: 202 622--3850
RIN: 1545-AY44
_______________________________________________________________________
2938. 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                            12/00/04
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Janet A. Laufer
Phone: 202 622--6090
RIN: 1545-AY61
_______________________________________________________________________
2939. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           05/06/03                    68 FR 23931
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Douglas C. Bates
Phone: 202 622--7550
RIN: 1545-AY74
_______________________________________________________________________
2940. NORMALIZATION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/04/03                    68 FR 10190
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Agency Contact: David Selig
Phone: 202 622--3040
RIN: 1545-AY75
_______________________________________________________________________
2941. RESEARCH CREDIT III
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/26/01                    66 FR 66362
Hearing                         03/27/02
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Agency Contact: Nicole R. Cimino
Phone: 202 622--3120
RIN: 1545-AY82
_______________________________________________________________________
2942. TRANSITIONAL RELIEF FOR QUALIFIED INTERMEDIARIES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Federalism:  Undetermined
Agency Contact: Ethan A. Atticks
Phone: 202 622--3840
RIN: 1545-AY92
_______________________________________________________________________
2943. 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                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Thomas I. Russell
Phone: 202 622--7550
RIN: 1545-BA09
_______________________________________________________________________
2944. PROCUREMENT/PURCHASING CARD REPORTING
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            01/31/03                     68 FR 4970
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Agency Contact: Donna J. Welch
Phone: 202 622--4910
RIN: 1545-BA17
_______________________________________________________________________
2945. INTEREST OTHER THAN THAT OF A CREDITOR
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/08/03                    68 FR 40583
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Agency Contact: Tara P. Volungis
Phone: 202 622--3080
RIN: 1545-BA69
_______________________________________________________________________
2946. REDEMPTIONS TREATED AS DIVIDENDS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/18/02                    67 FR 64331
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Lisa K. Leong
Phone: 202 622--7530
RIN: 1545-BA80
[[Page 73476]]
_______________________________________________________________________
2947. CARRYOVER AND STACKING RULE AMENDMENT
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/07/03                    68 FR 40218
Hearing                         09/23/03
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Agency Contact: Christopher J. Wilson
Phone: 202 622--3040
Lauren R. Taylor
Phone: 202 622--3040
RIN: 1545-BA85
_______________________________________________________________________
2948. DESIGNATED IRS OFFICER OR EMPLOYEE
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            09/10/02                    67 FR 57354
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Elizabeth D. Rawlins
Phone: 202 622--3600
RIN: 1545-BA89
_______________________________________________________________________
2949. TAX BOOK VALUE DISPARITIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Margaret A. Hogan
Phone: 202 622--3850
RIN: 1545-BA92
_______________________________________________________________________
2950. EARNINGS AND PROFITS ATTRIBUTION PRINCIPLES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Federalism:  Undetermined
Agency Contact: Mark R. Pollard
Phone: 202 622--3850
RIN: 1545-BA93
_______________________________________________________________________
2951. COMMUNICATIONS EXCISE TAX; TAXABLE COMMUNICATION SERVICES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 49
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Agency Contact: Cynthia A. McGreevy
Phone: 202 622--3130
RIN: 1545-BB04
_______________________________________________________________________
2952. INVESTIGATIVE DISCLOSURES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/10/03                    68 FR 41089
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Helene R. Newsome
Phone: 202 622--4570
RIN: 1545-BB16
_______________________________________________________________________
2953. MIXED USE OUTPUT FACILITIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           09/23/02                    67 FR 59767
Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Local, State
Federalism:  Undetermined
Agency Contact: Rose M. Weber
Phone: 202 622--3980
RIN: 1545-BB23
_______________________________________________________________________
2954. DUPLICATIVE TAX BENEFITS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            03/14/03                    68 FR 12324
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Aimee K. Meacham
Phone: 202 622--7530
RIN: 1545-BB25
_______________________________________________________________________
2955. ACCRUAL RULES FOR CREDITABLE FOREIGN TAXES AND GUIDANCE ON CHANGE
IN TAXABLE YEAR
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Margaret A. Hogan
Phone: 202 622--3850
RIN: 1545-BB27
_______________________________________________________________________
2956. TREATMENT OF SERVICES UNDER SECTION 482
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Douglas L. Giblen
Phone: 202 435--5265
RIN: 1545-BB31
_______________________________________________________________________
2957. PREPARER PENALTIES--SIGNATURE REQUIREMENT AND COPIES OF RETURNS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            04/24/03                    68 FR 20089
Final Action                    12/00/04
[[Page 73477]]
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Richard C. Grosenick
Phone: 202 622--5510
RIN: 1545-BB34
_______________________________________________________________________
2958. SAFE HARBOR LEASING SECOND INTEREST CAPITALIZATION
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Grant D. Anderson
Phone: 202 622--4970
RIN: 1545-BB62
_______________________________________________________________________
2959. SAFE HARBOR LEASING SECOND INTEREST CAPITALIZATION (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulation            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Grant D. Anderson
Phone: 202 622--4970
RIN: 1545-BB63
_______________________________________________________________________
2960. USE OF GOVERNMENT DEPOSITARIES IN CONNECTION WITH TAX UNDER THE
FEDERAL UNEMPLOYMENT TAX ACT (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/04
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: Undetermined
Agency Contact: Heather L. Dostaler
Phone: 202 622--8445
RIN: 1545-BB67
_______________________________________________________________________
2961. STATUTORY OPTIONS (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Erinn M. Madden
Phone: 202 622--6030
RIN: 1545-BB69
_______________________________________________________________________
2962. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES
RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF
LIEN
Priority: Routine and Frequent
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jerome D. Sekula
Phone: 202 622--3610
RIN: 1545-BB96
_______________________________________________________________________
2963. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES
RELATING TO HEARINGS BEFORE LEVY
Priority: Routine and Frequent
CFR Citation: 26 CFR 301
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jerome D. Sekula
Phone: 202 622--3610
RIN: 1545-BB97
_______________________________________________________________________
2964. COMPUTATION OF TAX ATTRIBUTES
Priority: Routine and Frequent
CFR Citation: 26 CFR 1
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/18/03                    68 FR 42652
Final Action                    12/00/06
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Theresa M. Kolish
Phone: 202 622--7930
RIN: 1545-BB98
_______________________________________________________________________
2965. [bull] 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
Final Action                    12/00/04
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
[[Page 73478]]
Phone: 202 622--6060
RIN: 1545-BC34
_______________________________________________________________________
2966. [bull] 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 to
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 or section 1297(e).
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG--133446--03
Drafting attorney: Alexandra K. Helou (202) 622--3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622--3840
Treasury attorney: Michael Caballero (202) 622--0851
CC:INTL
Agency Contact: Alexandra K. Helou, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3840
RIN: 1545-BC37
_______________________________________________________________________
2967. [bull] GUIDANCE ON PFIC PURGING ELECTIONS (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: These temporary regulations will provide guidance to
taxpayers on making timely deemed sale and deemed dividend elections
under sections 1291 and 1298.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Temporary Regulations           12/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--133446--03
Drafting attorney: Alexandra K. Helou (202) 622--3840
Reviewing attorney: Valerie A. Mark Lippe (202) 622--3840
Treasury attorney: Michael Caballero (202) 622--0857
CC:INTL
Agency Contact: Alexandra K. Helou, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--3840
RIN: 1545-BC49
_______________________________________________________________________
2968. [bull] COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS
INCOME TAXES
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1; 26 CFR 301
Legal Deadline: None
Abstract: The regulations for section 7654 (1954 Code) will revise
existing regulations for clarification and the regulations for section
7654 (1986 Code) will be new. Internal Revenue Code (IRC) section 7654
contains the provisions for cover--over to the U.S. Possessions. Old
section 7654 (1954 Code) continues to be applicable to Guam and the
Commonwealth of the Northern Mariana Islands (CNMI) because these two
possessions do not have an effective implementing agreement with the
United States as required by the Tax Reform Act of 1986. Regulations
are necessary for consistent and correct application of section 7654.
For example, cover--over for (Armed Forces) residents of the
possessions stationed outside the possessions are not specifically
addressed in the 1954 Code, and neither is cover--over for Federal
employees residing in U.S. Possessions. Regulations are needed to
carryout the provisions of section 7654 and sections 931, 932, and 935.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--139900--03
Drafting attorney: Mae J. Lew (202) 435--5262
Reviewing attorney: Ricardo A. Cadenas (202) 435--5262
CC:INTL
Agency Contact: Mae J. Lew, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 435--5262
RIN: 1545-BC54
[[Page 73479]]
_______________________________________________________________________
2969. [bull] SUSPENSION OF RUNNING OF PERIOD OF LIMITATION DURING A
PROCEEDING TO ENFORCE OR QUASH A DESIGNATED OR RELATED SUMMONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
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
Final Action                    12/00/04
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--208199--91
Drafting attorney: Elizabeth D. Rawling (202) 622--3600
Reviewing attorney: Robert A. Miller (202) 622--3600
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
_______________________________________________________________________
2970. [bull] GUIDANCE UNDER SECTION 2053 REGARDING POST--DEATH EVENTS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
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                            12/00/04
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
_______________________________________________________________________
2971. [bull] SECTION 1045 APPLICATION TO PARTNERSHIPS
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 on how the capital
gains rollover provision of section 1045 applies to partnerships.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/00/04
Regulatory Flexibility Analysis Required: Undetermined
Small Entities Affected: No
Government Levels Affected: Undetermined
Additional Information: REG--150562--03
Drafting attorney: Charlotte Chyr (202) 622--3070
Reviewing attorneys: Jian Grant (202) 622--3050 and James Quinn (202)
622--3070
Treasury attorney: Deborah Harrington (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-BC67
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Internal Revenue Service (IRS)
_______________________________________________________________________
2972. GOLDEN PARACHUTE PAYMENTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9083                            08/04/03                    68 FR 45745
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Erinn M. Madden
[[Page 73480]]
Phone: 202 622--6030
RIN: 1545-AH49
_______________________________________________________________________
2973. RAILROAD UNEMPLOYMENT REPAYMENT TAX
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       11/07/02                    67 FR 67802
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Kyle A. Finizio
Phone: 202 622--6040
RIN: 1545-AN40
_______________________________________________________________________
2974. TREATMENT OF OBLIGATION--SHIFTING TRANSACTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       11/10/03                    68 FR 63744
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Christina A. Morrison
Phone: 202 622--3950
RIN: 1545-AU19
_______________________________________________________________________
2975. GUIDANCE UNDER SUBPART F RELATING TO CERTAIN HYBRID TRANSACTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       07/13/99
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Valerie A. Mark--Lippe
Phone: 202 622--3840
RIN: 1545-AW63
_______________________________________________________________________
2976. ALLOCATION OF RESEARCH CREDIT
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       07/29/03                    68 FR 44499
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jolene J. Shiraishi
Phone: 202 622--3120
RIN: 1545-AX05
_______________________________________________________________________
2977. STRADDLES--ONE SIDE LARGER THAN THE OTHER
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       09/04/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Charles W. Culmer
Phone: 202 622--3960
RIN: 1545-AX16
_______________________________________________________________________
2978. ALLOCATING BASIS ADJUSTMENTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9059                            06/09/03                    68 FR 34293
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jason T. Smyczek
Phone: 202 622--3050
RIN: 1545-AX18
_______________________________________________________________________
2979. SPECIAL RULES FOR RETROACTIVE PAYMENTS UNDER SECTION 417(A)(7)(A)
FOR QUALIFIED RETIREMENT PLANS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9076                            07/16/03                    68 FR 41906
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Undetermined
Agency Contact: Robert M. Walsh
Phone: 202 622--6090
RIN: 1545-AX34
_______________________________________________________________________
2980. CHANGES IN ENTITY CLASSIFICATION: SPECIAL RULE FOR CERTAIN FOREIGN
ELIGIBLE ENTITIES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9093                            10/22/03                    68 FR 60296
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Ronald M. Gootzeit
Phone: 202 622--3860
RIN: 1545-AX39
_______________________________________________________________________
2981. COMPENSATION DEFERRED UNDER ELIGIBLE SECTION 457(B) PLANS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9075                            07/11/03                    68 FR 41230
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Local, State
Agency Contact: Cheryl E. Press
Phone: 202 622--6060
Fax: 202 622--4631
RIN: 1545-AX52
_______________________________________________________________________
2982. DEFINITION OF ``PRIVATE ACTIVITY BONDS'' ALLOCATION AND ACCOUNTING
REGULATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       09/04/03
Regulatory Flexibility Analysis Required: No
[[Page 73481]]
Government Levels Affected: None
Agency Contact: Gary W. Bornholdt
Phone: 202 622--7870
RIN: 1545-AX55
_______________________________________________________________________
2983. DISCLOSURE OF RETURN AND RETURN INFORMATION TO DESIGNEE OF
TAXPAYER
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9054                            04/29/03                    68 FR 22598
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Joseph E. Conley
Phone: 202 622--4580
RIN: 1545-AX85
_______________________________________________________________________
2984. INVESTMENT TYPE PROPERTY (PREPAYMENT)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9085                            08/04/03                    68 FR 45772
Regulatory Flexibility Analysis Required: No
Government Levels Affected: State, Local
Agency Contact: Johanna L. Som de Cerff
Phone: 202 622--3980
RIN: 1545-AY12
_______________________________________________________________________
2985. USE OF TAXPAYER IDENTIFYING NUMBERS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9082                            08/05/03                    68 FR 46081
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Robert W. Lorence
Phone: 202 622--3860
RIN: 1545-AY24
_______________________________________________________________________
2986. DUAL CONSOLIDATED LOSS RECAPTURE EVENTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9084                            07/30/03                    68 FR 44616
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Kathryn T. Holman
Phone: 202 622--3860
Kenneth D. Allison
Phone: 202 622--3860
RIN: 1545-AY27
_______________________________________________________________________
2987. MODIFIED GUARANTEED CONTRACTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9058                            05/07/03                    68 FR 24349
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Ann H. Logan
Phone: 202 622--3970
RIN: 1545-AY48
_______________________________________________________________________
2988. QUALIFIED S ELECTION FOR TESTAMENTARY TRUSTS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9078                            07/17/03                    68 FR 42251
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Deane M. Burke
Phone: 202 622--3130
RIN: 1545-AY76
_______________________________________________________________________
2989. TREATMENT OF COMMUNITY INCOME FOR CERTAIN INDIVIDUALS NOT FILING
JOINT RETURNS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9074                            07/10/03                    68 FR 41067
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Robin M. Tuczak
Phone: 202 622--4940
RIN: 1545-AY83
_______________________________________________________________________
2990. CHARITABLE LEAD INTEREST
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9068                            07/07/03                    68 FR 40130
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Susan B. Hurwitz
Phone: 202 622--3090
RIN: 1545-AY86
_______________________________________________________________________
2991. NET GIFT TREATMENT
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 25
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9077                            07/18/03                    68 FR 42593
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: DeAnn K. Malone
Phone: 202 622--3112
RIN: 1545-AY91
_______________________________________________________________________
2992. RECEIPT OF MULTIPLE NOTICES WITH RESPECT TO INCORRECT TAXPAYER
IDENTIFICATION NUMBERS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
[[Page 73482]]
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9055                            04/29/03                    68 FR 22594
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Nancy L. Rose
Phone: 202 622--4910
RIN: 1545-BA18
_______________________________________________________________________
2993. CATCH--UP CONTRIBUTIONS FOR INDIVIDUALS AGED 50 OR OVER
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9072                            07/08/03                    68 FR 40510
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: John T. Ricotta
Phone: 202 622--6060
RIN: 1545-BA24
_______________________________________________________________________
2994. AMENDMENTS TO RULES FOR ALLOCATION OF BASIS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       09/10/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jason T. Smyczek
Phone: 202 622--3050
RIN: 1545-BA32
_______________________________________________________________________
2995. EARNED INCOME CREDIT
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9045                            03/06/03                    68 FR 10655
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Shoshanna Tanner
Phone: 202 622--6080
RIN: 1545-BA34
_______________________________________________________________________
2996. SPLIT--DOLLAR LIFE INSURANCE
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Second NPRM                     05/09/03                    68 FR 24898
Final Action Completed by TD
9092                            09/17/03                    68 FR 54336
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Rebecca E. Asta
Phone: 202 622--3930
RIN: 1545-BA44
_______________________________________________________________________
2997. TREATMENT OF FUNDED WELFARE BENEFIT PLANS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9079                            07/17/03                    68 FR 42254
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Betty J. Clary
Phone: 202 622--6080
RIN: 1545-BA47
_______________________________________________________________________
2998. USER FEES FOR OFFERS TO COMPROMISE
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9086                            08/15/03                    68 FR 48785
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Gene W. Beard
Phone: 202 622--3620
RIN: 1545-BA54
_______________________________________________________________________
2999. COMPENSATORY STOCK OPTIONS UNDER SECTION 482
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9088                            08/26/03                    68 FR 51171
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Douglas L. Giblen
Phone: 202 435--5265
RIN: 1545-BA57
_______________________________________________________________________
3000. CONTROLLED FOREIGN PARTNERSHIP REPORTING
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9065                            07/01/03                    68 FR 39012
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Tasheaya Warren Ellison
Phone: 202 622--3860
RIN: 1545-BA77
_______________________________________________________________________
3001. FOREIGN CORPORATIONS--TREATMENT OF DISTRIBUTIONS OR LIQUIDATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9066                            07/02/03                    68 FR 39452
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Milton M. Cahn
Phone: 202 622--3870
RIN: 1545-BA79
[[Page 73483]]
_______________________________________________________________________
3002. EARNINGS CALCULATION FOR RETURNED OR RECHARACTERIZED CONTRIBUTIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9056                            05/05/03                    68 FR 23586
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cathy A. Vohs
Phone: 202 622--6090
RIN: 1545-BA82
_______________________________________________________________________
3003. TRANSFER OF NOTES OR STOCK TO PROVIDE FOR SATISFACTION OF
CONTESTED LIABILITIES (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9095                            11/21/03                    68 FR 65634
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Norma C. Rotunno
Phone: 202 622--7900
RIN: 1545-BA91
_______________________________________________________________________
3004. GENERATION--SKIPPING TRANSFER TAX RELIEF PROVISIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       04/30/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Lian A. Mito
Phone: 202 622--7830
RIN: 1545-BA94
_______________________________________________________________________
3005. EMPLOYMENT TAXES--FAILURE--TO--DEPOSIT PENALTY
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 31
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       03/17/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Charles A. Hall
Phone: 202 622--4940
RIN: 1545-BA97
_______________________________________________________________________
3006. DEPRECIATION OF VANS AND LIGHT TRUCKS (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9069                            07/07/03                    68 FR 40129
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Bernard P. Harvey
Phone: 202 622--3110
RIN: 1545-BB06
_______________________________________________________________________
3007. DISCLOSURE OF REPORTABLE TRANSACTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/19/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Tara P. Volungis
Phone: 202 622--3080
RIN: 1545-BB07
_______________________________________________________________________
3008. REGISTRATION OF REPORTABLE TRANSACTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/19/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Tara P. Volungis
Phone: 202 622--3080
RIN: 1545-BB08
_______________________________________________________________________
3009. LIST MAINTENANCE REQUIREMENT FOR REPORTABLE TRANSACTIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/19/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Tara P. Volungis
Phone: 202 622--3080
RIN: 1545-BB09
_______________________________________________________________________
3010. INVESTIGATIVE DISCLOSURES (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9073                            07/10/03                    68 FR 41073
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Helene R. Newsome
Phone: 202 622--4570
RIN: 1545-BB17
_______________________________________________________________________
3011. SUBSTANTIATION OF INCIDENTAL EXPENSES
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9064                            07/01/03                    68 FR 39011
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Sameera Y. Hasan
Phone: 202 622--4930
RIN: 1545-BB20
[[Page 73484]]
_______________________________________________________________________
3012. AUTHORIZATION FOR IRS TO CHARGE FEES FOR COPYING EXEMPT
ORGANIZATION RETURNS (TEMPORARY)
Priority: Info./Admin./Other
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9070                            07/09/03                    68 FR 40768
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Sarah Tate
Phone: 202 622--4590
RIN: 1545-BB22
_______________________________________________________________________
3013. EXCLUSIONS FROM GROSS INCOME OF FOREIGN CORPORATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9087                            08/26/03                    68 FR 51394
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Patricia A. Bray
Phone: 202 622--3880
David L. Lundy
Phone: 202 622--3880
RIN: 1545-BB30
_______________________________________________________________________
3014. FRACTIONAL PARTS OF A DOLLAR
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       09/10/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Marcy W. Mendelsohn
Phone: 202 622--4940
RIN: 1545-BB35
_______________________________________________________________________
3015. INVESTMENT ADJUSTMENT RULES AND WAIVER OF LOSS CARRYOVERS FROM
SRLY YEARS--AMENDED (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9057                            05/07/03                    68 FR 24351
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Jeffrey B. Fienberg
Phone: 202 622--7930
RIN: 1545-BB39
_______________________________________________________________________
3016. FRACTIONAL PARTS OF A DOLLAR (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 7504; 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       09/10/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Marcy W. Mendelsohn
Phone: 202 622--4940
RIN: 1545-BB42
_______________________________________________________________________
3017. UPDATE TO SECTION 6081 REGULATIONS (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1; 26 CFR 31; 26 CFR 602
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9061                            06/11/03                    68 FR 34797
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Charles A. Hall
Phone: 202 622--4940
RIN: 1545-BB55
_______________________________________________________________________
3018. REAL ESTATE MORTGAGE INVESTMENT CONDUITS; APPLICATION OF SECTION
446 WITH RESPECT TO INDUCEMENT FEES (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/21/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: John W. Rogers, III
Phone: 202 622--3950
RIN: 1545-BB74
_______________________________________________________________________
3019. AVAILABILITY OF SECTION 338(H)(10) ELECTION IN MULTISTEP
TRANSACTIONS (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9071                            07/09/03                    68 FR 40766
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Daniel F. Heins
Phone: 202 622--7930
Mary E. Goode
Phone: 202 622--7930
RIN: 1545-BB78
_______________________________________________________________________
3020. GUIDANCE UNDER SECTION 368 REGARDING RESTRICTED STOCK
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/21/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Stephen R. Cleary
Phone: 202 622--7530
RIN: 1545-BB87
[[Page 73485]]
_______________________________________________________________________
3021. DISCLOSURE OF RETURN INFORMATION TO THE DEPARTMENT OF AGRICULTURE
(TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 301
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9060                            06/06/03                    68 FR 33857
Regulatory Flexibility Analysis Required: No
Government Levels Affected: Federal
Agency Contact: Christine S. Irwin
Phone: 202 622--4570
RIN: 1545-BB91
_______________________________________________________________________
3022. DISTRIBUTIONS OF LOSS CORPORATION STOCK BY QUALIFIED PLANS
(TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9063                            06/27/03                    68 FR 38177
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Martin T. Huck
Phone: 202 622--7750
RIN: 1545-BB99
_______________________________________________________________________
3023. TAX EXEMPT BOND PARTNERSHIP REPORTING REGULATION (TEMPORARY)
Priority: Substantive, Nonsignificant
CFR Citation: 26 CFR 1
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9094                            11/10/03                    68 FR 63733
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: David A. Shulman
Phone: 202 622--3080
RIN: 1545-BC01
_______________________________________________________________________
3024. [bull] OTHER ASSESSABLE PENALTIES WITH RESPECT TO THE PREPARATION
OF INCOME TAX RETURNS FOR OTHER PERSONS
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 6107; 26 USC 6061; 26 USC 6695; 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: Persons who prepare income tax returns for compensation may
satisfy the requirement of providing a signed copy of the return to the
taxpayer by copies which are signed electronically or as otherwise
prescribed by the Secretary.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9053                            04/24/03                    68 FR 20069
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--141659--02
Drafting attorney: Richard C. Grosenick (202) 622--5510
Reviewing attorney: Stuart Spielman (202) 622--5510
CC:PA:APJP
Agency Contact: Richard C. Grosenick, Attorney--Advisor, Department of
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--5510
RIN: 1545-BC12
_______________________________________________________________________
3025. [bull] SPECIAL DEPRECIATION ALLOWANCE (TEMPORARY)
Priority: Substantive, Nonsignificant
Legal Authority: 26 USC 7805
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: This regulation provides guidance under sections 168(k) and
1400L(b) regarding the special depreciation allowance.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9091                            09/08/03                    68 FR 52986
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
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
RIN: 1545-BC19
_______________________________________________________________________
3026. [bull] TRANSFERS OF COMPENSATORY OPTIONS TO RELATED PERSONS
Priority: Routine and Frequent
Legal Authority: 26 USC 83
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These temporary regulations which provide that sales or
dispositions of stock options to related persons will not be considered
arm's length transactions for purposes of section 1.83--7.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9067                            07/02/03                    68 FR 39453
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--116914--03
[[Page 73486]]
Drafting attorney: Stephen B. Tackney (202) 622--6040
Reviewing attorney: Robert Misner (202) 622--6030
Treasury attorney: William Bortz (202) 622--1352
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--6040
RIN: 1545-BC21
_______________________________________________________________________
3027. [bull] LIMITATION ON USE OF THE NONACCRUAL EXPERIENCE METHOD OF
ACCOUNTING
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 448(d)(5)
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The regulations provide two safe harbor nonaccrual experience
methods that will be presumed to clearly reflect a taxpayer's
nonaccrual experience, and for taxpayers who wish to compute their
nonaccrual experience using a computation or formula other than the two
safe harbors provided, the requirements that must be met in order to
use an alternative computation or formula to compute their nonaccrual
experience.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9090                            09/04/03                    68 FR 52496
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: Tom Luxner and David Schneider (202) 622--4970
Treasury attorney: George Manousos (202) 622--1335
CC:ITA
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-BC31
_______________________________________________________________________
3028. [bull] PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION
(TEMPORARY)
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 temporary regulations provides guidance for employee
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
________________________________________________________________________
Final Action Completed by TD
9081                            07/21/03                    68 FR 42970
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
RIN: 1545-BC33
_______________________________________________________________________
3029. [bull] GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO
MEMBERS OF A CONSOLIDATED GROUP (TEMPORARY)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 1502
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: The temporary regulations under section 1502 of the Internal
Revenue Code provide guidance concerning the application of certain
provisions of section 108 to members of a consolidated group.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9089                            09/04/03                    68 FR 52487
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--132760--03
Drafting attorney: Amber R. Cook (202) 622--7530
Reviewing attorney: Marie Milnes--Vasquez (202) 622--7530
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
Agency Contact: Amber R. Cook, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7530
RIN: 1545-BC39
[[Page 73487]]
_______________________________________________________________________
3030. [bull] REDUCTION OF TAX ATTRIBUTES DUE TO DISCHARGE OF
INDEBTEDNESS (TEMPORARY)
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 26 USC 7805; 26 USC 108
CFR Citation: 26 CFR 1
Legal Deadline: None
Abstract: These temporary regulations clarify that, in the case of a
transaction described in section 381(a)that ends a year in which the
transferor corporation excludes COD income from gross income under
section 108(a), any tax attributes to which the acquiring corporation
succeeds under section 381, including the basis of property which
carry's over under section 362, shall reflect the reductions required
by sections 108 and 1017.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Action Completed by TD
9080                            07/18/03                    68 FR 42590
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Additional Information: REG--113112--03
Drafting attorney: Theresa M. Kolish (202) 622--7930
Reviewing attorney: Steve Hankin (202) 622--7930
Treasury attorney: Audrey Nacamuli (202) 622--5721
CC:CORP
Agency Contact: Theresa M. Kolish, Attorney--Advisor, Department of the
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224
Phone: 202 622--7930
RIN: 1545-BC47
BILLING CODE 6720--01--S
_______________________________________________________________________
Department of the Treasury (TREAS)                        Prerule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________
3031. [bull] RISK--BASED CAPITAL GUIDELINES; IMPLEMENTATION OF NEW BASEL
CAPITAL ACCORD
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464;
12 USC 1467a; 12 USC 1828 (note)
CFR Citation: 12 CFR 567
Legal Deadline: None
Abstract: The 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 are setting forth for
industry comment their current views on a proposed framework for
implementing the New Basel Capital Accord in the United States. In
particular, this advance notice of proposed rulemaking (ANPRM)
describes 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
specifies 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 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.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
ANPRM                           08/04/03                    68 FR 45900
ANPRM Comment Period End        11/03/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Undetermined
Government Levels Affected: None
Agency Contact: 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
Michael D. Solomon, Senior Program Manager for Capital Policy,
Supervision Policy, Department of the Treasury, Office of Thrift
Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906--5654
David Riley, Project Manager for Capital Policy, Supervision Policy,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906--6669
RIN: 1550-AB56
[[Page 73488]]
_______________________________________________________________________
Department of the Treasury (TREAS)                  Proposed Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________
3032. [bull] RISK--BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY
GUIDELINES; CAPITAL MAINTENANCE: ASSET--BACKED COMMERCIAL PAPER PROGRAMS
AND EARLY AMORTIZATION PROVISIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Unfunded Mandates: Undetermined
Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464;
12 USC 1467a; 12 USC 1828 (note)
CFR Citation: 12 CFR 567
Legal Deadline: None
Abstract: The Office of the Comptroller of the Currency, Board of
Governors of the Federal Reserve System, Federal Deposit Insurance
Corporation, and Office of Thrift Supervision (collectively, the
Agencies) are proposing to amend their risk--based capital standards by
removing a sunset provision in order to permit sponsoring banks, bank
holding companies, and thrifts (collectively, sponsoring banking
organizations) to continue to exclude from their risk--weighted asset
base those assets in asset--backed commercial paper (ABCP) programs
that are consolidated onto sponsoring banking organizations' balance
sheets as a result of a recently issued accounting interpretation,
Financial Accounting Standards Board Interpretation No. 46,
Consolidation of Variable Interest Entities. The Agencies also are
proposing to require banking organizations to hold risk--based capital
against liquidity facilities with an original maturity of one year or
less that organizations provide to ABCP programs, regardless of whether
the organization sponsors the program or must consolidate the program
under generally accepted accounting principles. Finally, the Agencies
are again proposing a risk--based capital charge for certain types of
securitizations of revolving retail credit that incorporate early
amortization provisions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/01/03                    68 FR 56568
NPRM Comment Period End         11/17/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Federalism:  Undetermined
Agency Contact: Michael D. Solomon, Senior Program Manager for Capital
Policy, Supervision Policy, Department of the Treasury, Office of
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906--5654
David Riley, Project Manager for Capital Policy, Supervision Policy,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906--6669
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
RIN: 1550-AB81
_______________________________________________________________________
Department of the Treasury (TREAS)                     Final Rule Stage
Office of Thrift Supervision (OTS)
_______________________________________________________________________
3033. [bull] RISK--BASED CAPITAL GUIDELINES; CAPITAL GUIDELINES; CAPITAL
MAINTENANCE: INTERIM CAPITAL TREATMENT OF CONSOLIDATED ASSET--BACKED
COMMERCIAL PAPER PROGRAM ASSETS
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 amending their risk--
based capital standards by providing an interim capital treatment for
assets in asset--backed commercial paper (ABCP) programs that are
consolidated onto the balance sheets of sponsoring banking
organizations as a result of a recently issued accounting
interpretation, FIN 46. The interim capital treatment allows sponsoring
banking organizations to remove the consolidated ABCP program assets
from their risk--weighted asset bases for the purpose of calculating
their risk--based capital ratios. In addition, any minority interests
in ABCP programs that are consolidated as a result of FIN 46 are to be
excluded from sponsoring banking organizations' minority interest
component of tier 1 capital and, thereby, from total risk--based
capital.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              10/01/03                    68 FR 56530
Interim Final Rule Effective    10/01/03
Interim Final Rule Comment
Period End                      11/17/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: Undetermined
Government Levels Affected: Undetermined
Federalism:  Undetermined
Agency Contact: Michael D. Solomon, Senior Program Manager for Capital
Policy, Supervision Policy, Department of the Treasury, Office of
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906--5654
David Riley, Project Manager for Capital Policy, Supervision Policy,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906--6669
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
RIN: 1550-AB79
[[Page 73489]]
_______________________________________________________________________
Department of the Treasury (TREAS)                    Long-Term Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________
3034. FAIR CREDIT REPORTING
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 571
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            10/20/00                    65 FR 63120
NPRM Comment Period End         12/04/00
NPRM Update                     03/27/01                    66 FR 16624
Second NPRM                      To Be                       Determined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Cindy Baltierra
Phone: 202 906--6540
Paul Robin
Phone: 202 906--6648
RIN: 1550-AB33
_______________________________________________________________________
3035. 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
Joint NPRM                       To Be                       Determined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Richard Bennett
Phone: 202 906--7409
Theresa A. Stark
Phone: 202 906--7054
Celeste Anderson
Phone: 202 906--7990
RIN: 1550-AB48
_______________________________________________________________________
Department of the Treasury (TREAS)                    Completed Actions
Office of Thrift Supervision (OTS)
_______________________________________________________________________
3036. CAPITAL RULES
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 567
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Merged With 1550--AB56          08/04/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Teresa Scott
Phone: 202 906--6478
Michael D. Solomon
Phone: 202 906--5654
David Riley
Phone: 202 906--6669
RIN: 1550-AB11
_______________________________________________________________________
3037. DIRECTORS AND OFFICERS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 545; 12 CFR 563
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Withdrawn                       08/15/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Robyn Dennis
Phone: 202 906--5751
David A. Permut
Phone: 202 906--7505
Karen Osterloh
Phone: 202 906--6639
RIN: 1550-AB19
_______________________________________________________________________
3038. REMOVAL, SUSPENSION, AND DEBARMENT OF ACCOUNTANTS FROM PERFORMING
AUDIT SERVICES
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 513
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      08/13/03                    68 FR 48256
Final Rule Effective            10/01/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Christine Smith
Phone: 202 906--5740
Teresa Scott
Phone: 202 906--6478
RIN: 1550-AB53
_______________________________________________________________________
3039. [bull] FEDERAL SAVINGS ASSOCIATIONS--OPERATIONS, AGENCY OFFICES;
FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1828
CFR Citation: 12 CFR 545; 12 CFR 550
Legal Deadline: None
Abstract: OTS is issuing a final rule amending its regulation governing
agency offices of Federal savings associations to conform that
regulation to recent changes to OTS's fiduciary activities regulations.
OTS is also removing an incorrect parenthetical in 12 CFR 550.136,
OTS's regulation governing the extent to which State law applies to the
fiduciary activities of a Federal savings association.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Final Rule                      09/09/03                    68 FR 53024
Final Rule Effective            09/09/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Timothy Leary, Counsel (Banking and Finance),
Regulations and Legislation Division, Department of the Treasury,
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906--7170
Kevin A. Corcoran, Assistant Chief Counsel, Business Transactions,
Department of the Treasury, Office of Thrift Supervision, 1700 G Street
NW., Washington, DC 20552
Phone: 202 906--6962
Judi McCormick, Trust Specialist, Supervision Policy, Department of the
Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington,
DC 20552
[[Page 73490]]
Phone: 202 906--5636
RIN: 1550-AB80
_______________________________________________________________________
3040. [bull] CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS
ASSOCIATIONS, AND CERTAIN NONFEDERALLY REGULATED BANKS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
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; 31 USC 5318; 42 USC 4106
CFR Citation: 12 CFR 563
Legal Deadline: Final, Statutory, October 26, 2002, Final.
Abstract: The Secretary of the Treasury, the Office of the Comptroller
of the Currency, the Board of Governors of the Federal Reserve System,
the Federal Deposit Insurance Corporation, the Office of Thrift
Supervision, and the National Credit Union Administration issued a
joint final rule implementing section 326 of the Uniting and
Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Act of 2001. Section 326 requires a
regulation that contains minimum standards that financial institutions
must implement to: 1) verify the identity of any person seeking to open
an account; 2) maintain records of the information used to verify the
person's identity; and 3) determine whether the person appears on any
lists of known or suspected terrorists or terrorist organizations
provided to the financial institution by a Government agency. The
substantive requirements were codified as part of Treasury's BSA
regulations located in 31 CFR part 103. In addition, OTS added a
cross--reference to 12 CFR part 563 clarifying the applicability of the
final rule to savings associations.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            07/23/02                    67 FR 48290
NPRM Comment Period End         09/06/02
Final Rule                      05/09/03                    68 FR 25090
Final Rule Effective            06/09/03
Compliance Date                 10/01/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Richard Riese, Director, Compliance Policy, Department
of the Treasury, Office of Thrift Supervision, 1700 G Street NW.,
Washington, DC 20552
Phone: 202 906--6134
Karen Osterloh, Special Counsel, Department of the Treasury, Office of
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906--6639
RIN: 1550-AB82
_______________________________________________________________________
3041. [bull] SAVINGS ASSOCIATIONS--OPERATIONS; TRANSACTIONS WITH
AFFILIATES
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464;
12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12 USC 1828; 12
USC 1831o; 12 USC 375b; 12 USC 3806; 42 USC 4106; 44 USC 3501 et seq.
CFR Citation: 12 CFR 506; 12 CFR 559; 12 CFR 562; 12 CFR 563
Legal Deadline: None
Abstract: The Office of Thrift Supervision (OTS) revised its
regulations on transactions with affiliates. This interim final rule
conformed OTS' regulations to the Board of Governors of the Federal
Reserve System's (FRB) final rule implementing sections 23A and 23B of
the Federal Reserve Act (FRA). The FRB rule (Regulation W) combines
statutory restrictions on transactions with affiliates with new and
existing interpretations and exemptions.
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
Interim Final Rule              12/20/02                    67 FR 77909
Interim Final Rule Comment
Period End                      02/18/03
Final Rule                      10/07/03                    68 FR 57790
Final Rule Effective            11/06/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Additional Information: The interim final rule and the final rule
published in the Federal Register under RIN 1550--AB55.
Agency Contact: Donna Deale, Manager, Supervision Policy, Department of
the Treasury, Office of Thrift Supervision, 1700 G Street NW.,
Washington, DC 20552
Phone: 202 906--7488
Karen Osterloh, Special Counsel, Department of the Treasury, Office of
Thrift Supervision, 1700 G Street NW., Washington, DC 20552
Phone: 202 906--6639
RIN: 1550-AB84
_______________________________________________________________________
3042. REGULATORY REPORTING STANDARDS: QUALIFICATIONS FOR INDEPENDENT
PUBLIC ACCOUNTS PERFORMING AUDIT SERVICES FOR VOLUNTARY AUDIT FILERS
Priority: Substantive, Nonsignificant
CFR Citation: 12 CFR 562
Completed:
________________________________________________________________________
Reason                            Date                      FR Cite
________________________________________________________________________
Final Rule                      09/08/03                    68 FR 52831
Final Rule Effective            09/08/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Teresa Scott
Phone: 202 906--6478
Christine Smith
Phone: 202 906--5740
RIN: 1550-AB85
[FR Doc. 03-27747 Filed 12-19-03; 8:45 am]
BILLING CODE 6720-01-S
