Federal Register / Vol. 69, No. 234 / Tuesday, December 7, 2004 / Rules and Regulations 70551

List of Subjects 

26 CFR Part 1

Income taxes, Reporting and 

recordkeeping requirements. 

26 CFR Part 602

Reporting and recordkeeping 

requirements.

Correction of Publication

■ Accordingly, 26 CFR Parts 1 and 602 

is corrected by making the following 

correcting amendments:

PART 1—INCOME TAXES

■ Paragraph 1. The authority citation for 

part 1 and continues to read in part as 

follows:

Authority: 26 U.S.C. 7805 * * *

§ 1.421–1 [Corrected]

■ 1. Section 1.421–1(j)(2), the second 

sentence is amended by removing the 

language ‘‘the REG–122917–02 or this 

section.’’ and adding the language ‘‘REG–

122917–02 or this section.’’ in its place.

§ 1.421–2 [Corrected]

■ 2. Section 1.421–2(f)(2), the second 

sentence is amended by removing the 

language ‘‘corporation at least 6 months 

after August 3, 2004, taxpayers may rely 

on either the REG–122917–02 or 

section.’’ and adding the language 

‘‘corporation occurring at least 6 months 

after August 3, 2004, taxpayers may rely 

on either REG–122917–02 or this 

section.’’ in its place.

§ 1.422–1 [Corrected]

■ 3. Section 1.422–1(b)(3), Example 2, 

the fourth sentence is amended by 

removing the language ‘‘consequences of 

the disposition and the holding period 

for capital gain purposes begin on the 

vesting date, six months after exercise.’’

and adding the language ‘‘consequences 

of the disposition, and the holding 

period for capital gain purposes begins 

on the vesting date, six months after 

exercise.’’ in its place.

§ 1.422–4 [Corrected]

■ 4. Section 1.422–4(d), Example 5 (iii), 

the last sentence is amended by 

removing the language ‘‘it is treated as a 

nonstatutory options in its entirety.’’ and 

adding the language ‘‘it is treated as a 

nonstatutory option in its entirety.’’ in its 

place.

§ 1.422–5 [Corrected]

■ 5. Section 1.422–5(e), Example 2, the 

fourth sentence is amended by removing 

the language ‘‘Under the rules of 

paragraph (b)(2) and (b)(3) of this 

section,’’ and adding the language 

‘‘Under the rules of paragraphs (b)(2) and 

(b)(3) of this section,’’ in its place.

■ 6. Section 1.422–5(f)(2), the second 

sentence is amended by removing the 

language ‘‘taxpayers may rely on either 

the REG–122917–02 or this section.’’ and 

adding the language ‘‘taxpayers may rely 

on either REG–122917–02 or this 

section.’’ in its place.

■ 7.Section 1.424–1 is amended by:

■ 1. Revising the sixth and seventh 

sentences in paragraph (a)(10), Example 

8.

■ 2. Adding a comma after the word 

‘‘Thus’’ in the second sentence of 

paragraph(e)(4)(viii).

The revision reads as follows:

§ 1.424–1 Definitions and special rules 

applicable to statutory options. 

(a) * * *

(10) * * *

Example 8. * * * Based on these facts, a 

new option to purchase 200 shares of Y at an 

option price of $25 per share could be 

granted to E in complete substitution of E’s 

old option. In the alternative, it would also 

be permissible in connection with the spin 

off, to grant E a new option to purchase 100 

shares of Y, at an option price of $25 per 

share, and for E to retain an option to 

purchase 100 shares of X under the old 

option, with the option price adjusted to $25.

* * * * *

■ 8. Section 1.424–1(g)(2), the second 

sentence is amended by removing the 

language ‘‘on either the REG–122917–02 

or this section.’’ and adding the language 

‘‘on either REG–122917–02 or this 

section.’’ in its place.

PART 602—OMB CONTROL NUMBERS 

UNDER THE PAPERWORK 

REDUCTION ACT

■ Par. 2. The authority citation for part 

602 continues to read as follows:

Authority: 26 U.S.C. 7805.

§ 602.101 [Corrected]

■ 9. Section 602.101(b) is amended by 

adding the entry ‘‘1.422–1–1545–0820’’

to the table in numerical order.

Cynthia E. Grigsby, 

Acting Chief, Publications and Regulations 

Branch, Legal Processing Division, Associate 

Chief Counsel, (Procedures and 

Administration).

[FR Doc. 04–26745 Filed 12–6–04; 8:45 am] 

BILLING CODE 4830–01–P

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 100

[CGD05–04–212] 

RIN 1625–AA08

Special Local Regulations for Marine 

Events; Approaches to Annapolis 

Harbor, Spa Creek and Severn River, 

Annapolis, MD

AGENCY: Coast Guard, DHS.

ACTION: Notice of implementation of 

regulation. 

SUMMARY: The Coast Guard is 

implementing the special local 

regulations at 33 CFR 100.511 during 

the Eastport Yacht Club Lights Parade, 

a marine event to be held December 11, 

2004, on the waters of Spa Creek and 

the Severn River at Annapolis, 

Maryland. These special local 

regulations are necessary to control 

vessel traffic due to the confined nature 

of the waterway and expected vessel 

congestion during the event. The effect 

will be to restrict general navigation in 

the regulated area for the safety of event 

participants, spectators and vessels 

transiting the event area.

DATES: 33 CFR 100.511 will be enforced 

from 4:45 p.m. to 9:15 p.m. on 

December 11, 2004.

FOR FURTHER INFORMATION CONTACT:

Ronald Houck, Marine Events 

Coordinator, Commander, Coast Guard 

Activities Baltimore, 2401 Hawkins 

Point Road, Baltimore, MD 21226–1971, 

(410) 576–2513.

SUPPLEMENTARY INFORMATION: The 

Eastport Yacht Club will sponsor a 

lighted boat parade on the waters of Spa 

Creek and the Severn River at 

Annapolis, Maryland. The event will 

consist of approximately 75 boats 

traveling at slow speed along two 

separate parade routes in Annapolis 

Harbor. The participating boats will 

range in length from 10 to 90 feet, and 

each will be decorated with holiday 

lights. In order to ensure the safety of 

participants, spectators and transiting 

vessels, 33 CFR 100.511 will be 

enforced for the duration of the event. 

Under the provisions of 33 CFR 100.511, 

vessels may not enter the regulated area 

without permission from the Coast 

Guard Patrol Commander. Spectator 

vessels may anchor outside the 

regulated area but may not block a 

navigable channel. Because these 

restrictions will be in effect for a limited 

period, they should not result in a 

70552 Federal Register / Vol. 69, No. 234 / Tuesday, December 7, 2004 / Rules and Regulations 

significant disruption of maritime 

traffic. 

In addition to this notice, the 

maritime community will be provided 

extensive advance notification via the 

Local Notice to Mariners, marine 

information broadcasts, and area 

newspapers, so mariners can adjust 

their plans accordingly.

Dated: November 24, 2004. 

Ben R. Thomason, III, 

Captain, U.S. Coast Guard, Commander, Fifth 

Coast Guard District, Acting.

[FR Doc. 04–26841 Filed 12–6–04; 8:45 am] 

BILLING CODE 4910–15–P

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 100

[CGD05–04–211] 

RIN 1625–AA08

Special Local Regulations for Marine 

Events; Southern Branch of the 

Elizabeth River, Portsmouth, VA

AGENCY: Coast Guard, DHS.

ACTION: Notice of implementation of 

regulation. 

SUMMARY: The Coast Guard is 

implementing the special local 

regulations at 33 CFR 100.523 during 

the Olde Towne Holiday Music Festival 

Fireworks Show to be held December 

11, 2004 on the Southern Branch of the 

Elizabeth River at Portsmouth, Virginia. 

These special local regulations are 

necessary to provide for the safety of life 

on navigable waters before, during and 

after the event. The effect will be to 

restrict general navigation in the 

regulated area for the safety of 

spectators and support vessels in the 

event area.

DATES: 33 CFR 100.523 will be enforced 

from 7 p.m. to 8 p.m. EDT on December 

11, 2004.

FOR FURTHER INFORMATION CONTACT:

Michael Bowling, Marine Events 

Coordinator, Commander, Coast Guard 

Group Hampton Roads, 4000 Coast 

Guard Blvd., Portsmouth, Virginia 

23703, (757) 483–8567.

SUPPLEMENTARY INFORMATION: The City 

of Portsmouth will sponsor the ‘‘Olde 

Towne Holiday Music Festival 

Fireworks’’ on December 11, 2004 on 

the Southern Branch of the Elizabeth 

River, Portsmouth, Virginia. In order to 

ensure the safety of participants, 

spectators and transiting vessels, 33 CFR 

100.523 will be enforced for the 

duration of the event. The special local 

regulations will be enforced from 7 p.m. 

to 8 p.m. e.d.t. on December 11, 2004. 

The pyrotechnic display will be 

launched from 1 barge located adjacent 

to Crawford Bay within the regulated 

area. Under the provisions of 33 CFR 

100.523, a vessel may not enter the 

regulated area unless it receives 

permission from the Coast Guard Patrol 

Commander. Spectator vessels may 

anchor outside the regulated area but 

may not block a navigable channel. 

In addition to this notice, the 

maritime community will be provided 

extensive advance notification via the 

Local Notice to Mariners, marine 

information broadcasts, and area 

newspapers, so mariners can adjust 

their plans accordingly.

Dated: November 24, 2004. 

Ben R. Thomason, III, 

Captain, U.S. Coast Guard, Commander, Fifth 

Coast Guard District, Acting.

[FR Doc. 04–26843 Filed 12–6–04; 8:45 am] 

BILLING CODE 4910–15–P

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 100

[CGD05–04–214] 

RIN 1625–AA08

Special Local Regulations for Marine 

Events; Patapsco River, Baltimore, MD

AGENCY: Coast Guard, DHS.

ACTION: Notice of implementation of 

regulation. 

SUMMARY: The Coast Guard is 

implementing the special local 

regulations at 33 CFR 100.526 during 

the New Year’s Eve Celebration to be 

held December 31, 2004 through 

January 1, 2005 on the Patapsco River at 

Baltimore, Maryland. These special 

local regulations are necessary to 

provide for the safety of life on 

navigable waters before, during and 

after the event. The effect will be to 

restrict general navigation in the 

regulated area for the safety of 

spectators and support vessels in the 

event area.

DATES: 33 CFR 100.526 will be enforced 

from 11:45 p.m., December 31, 2004 to 

12:45 a.m. e.d.t. on January 1, 2005.

FOR FURTHER INFORMATION CONTACT:

Ronald Houck, Marine Events 

Coordinator, Commander, Coast Guard 

Activities Baltimore, 2401 Hawkins 

Point Road, Baltimore, Maryland, 

21226, (410) 576–2674.

SUPPLEMENTARY INFORMATION: The 

Baltimore Office of Promotion and the 

Arts will sponsor the ‘‘New Year’s Eve 

Celebration’’ on December 31, 2004 to 

January 1, 2005 on the waters of the 

Inner Harbor, Patapsco River, Baltimore, 

Maryland. In order to ensure the safety 

of participants, spectators and transiting 

vessels, 33 CFR 100.526 will be 

enforced for the duration of the event. 

The special local regulations will be 

enforced from 11:45 p.m. December 31, 

2004 to 12:45 a.m. e.d.t. on January 1, 

2005. The pyrotechnic display will be 

launched from 3 barges located adjacent 

to the Inner Harbor within the regulated 

area. Under the provisions of 33 CFR 

100.526, a vessel may not enter the 

regulated area unless it receives 

permission from the Coast Guard Patrol 

Commander. Spectator vessels may 

anchor outside the regulated area but 

may not block a navigable channel. 

In addition to this notice, the 

maritime community will be provided 

extensive advance notification via the 

Local Notice to Mariners, marine 

information broadcasts, and area 

newspapers, so mariners can adjust 

their plans accordingly.

Dated: November 24, 2004. 

Ben R. Thomason, III, 

Captain, U.S. Coast Guard, Commander, Fifth 

Coast Guard District, Acting.

[FR Doc. 04–26844 Filed 12–6–04; 8:45 am] 

BILLING CODE 4910–15–P

ENVIRONMENTAL PROTECTION 

AGENCY

40 CFR Parts 9 and 712

[OPPT–2004–0089; FRL–7366–8]

RIN 2070–AB08

Preliminary Assessment Information 

Reporting; Addition of Certain 

Chemicals

AGENCY: Environmental Protection 

Agency (EPA).

ACTION: Final rule.

SUMMARY: This final rule, issued 

pursuant to section 8(a) of the Toxic 

Substances Control Act (TSCA), will 

require certain manufacturers (including 

importers) of 3 chemical substances in 

the chemical category ‘‘Pyridinamines’’

and 20 chemical substances in the 

chemical category ‘‘Tungsten 

Compounds’’ to submit a one-time 

report on general production/

importation volume, end use, and 

exposure-related information to EPA. 

The Interagency Testing Committee 

(ITC), established under section 4(e) of 

TSCA to recommend chemicals and