Federal Register / Vol. 71, No. 246 / Friday, December 22, 2006 / Proposed Rules 76955 

Administration order 7400.9P, Airspace 

Designations and Reporting Points, 

dated September 1, 2006, and effective 

September 15, 2006, is amended as 

follows: 

Paragraph 6005 Class E airspace areas 

extending upward from 700 feet or more 

above the surface of the earth. 

* * * * * 

ACE MO E5 Potosi, MO 

Potosi, Washington County Airport, MO 

(Lat. 37°55′45′′ N., long. 90°43′53′′ W.) 

That airspace extending upward from 700 

feet above the surface within a 6.4-mile 

radius of Potosi, Washington County Airport, 

MO. 

* * * * * 

Issued in Fort Worth, TX, on December 11, 

2006. 

Donald R. Smith, 

Manager, System Support Group, ATO 

Central Service Area. 

[FR Doc. 06–9827 Filed 12–21–06; 8:45 am] 

BILLING CODE 4910–13–M 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[REG–161919–05] 

RIN 1545–BF25 

Guidance Necessary To Facilitate 

Business Electronic Filing Under 

Section 1561 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of proposed rulemaking 

by cross-reference to temporary 

regulations. 

SUMMARY: In the Rules and Regulations 

section of this issue of the Federal 

Register, the IRS is issuing temporary 

regulations that affect component 

members of controlled groups of 

corporations and consolidated groups 

filing life-nonlife Federal income tax 

returns. They provide guidance 

regarding the apportionment of tax 

benefit items and the amount and type 

of information these members are 

required to submit with their returns. 

The text of those regulations also serves 

as the text of these proposed 

regulations. 

DATES: Written or electronic comments, 

and a request for a public hearing, must 

be received by March 22, 2007. 

ADDRESSES: Send submissions to: 

CC:PA:LPD:PR (REG–161919–05), Room 

5203, Internal Revenue Service, P.O. 

Box 7604, Ben Franklin Station, 

Washington, DC 20044. Submissions 

may be hand-delivered Monday through 

Friday between the hours of 8 a.m. and 

4 p.m. to CC:PA:LPD:PR (REG–161919–

05), Courier’s Desk, Internal Revenue 

Service, 1111 Constitution Avenue, 

NW., Washington, DC, or sent 

electronically, via the IRS Internet site 

at http://www.irs.gov/regs or via the 

Federal eRulemaking Portal at 

www.regulations.gov (indicate IRS and 

REG–161919–05). 

FOR FURTHER INFORMATION CONTACT: 

Concerning the proposed regulations, 

Grid Glyer, (202) 622–7930, concerning 

submissions of comments and requests 

for public hearings, Kelly Banks (202) 

622–7180 (not toll-free numbers). 

SUPPLEMENTARY INFORMATION: 

Background and Explanation of 

Provisions 

Temporary regulations in the Rules 

and Regulations section of this issue of 

the Federal Register amend 26 CFR part 

1 to add §§ 1.1502–43T, 1.1561–1T, 

1.1561–2T and 1.1561–3T, and amend 

§§ 1.1502–47T and 1.1563–1T. The text 

of those temporary regulations also 

serves as the text of these proposed 

regulations. The preamble to the 

temporary regulations explains the 

amendments. 

Special Analyses 

It has been determined that this notice 

of proposed rulemaking is not a 

significant regulatory action as defined 

in Executive Order 12866. Therefore, a 

regulatory assessment is not required. It 

has also been determined that section 

553(b) of the Administrative Procedure 

Act (5 U.S.C. chapter 5) does not apply 

to the following proposed regulations, 

§§ 1.1561–1, 1.1561–3 and 1.1563–1, 

and because these regulations do not 

impose a collection of information on 

small entities, the Regulatory Flexibility 

Act (5 U.S.C. chapter 6) does not apply. 

With respect to the following proposed 

regulations, §§ 1.1502–43, 1.1502–47 

and 1.1561–2, it is hereby certified that 

these regulations will not have a 

significant economic impact on a 

substantial number of small entities. 

This certification is based on the fact 

that these regulations primarily affect 

large corporations (which are members 

of either controlled or consolidated 

groups). Therefore, a regulatory 

flexibility analysis is not required. 

Pursuant to section 7805(f) of the 

Internal Revenue Code, this notice of 

proposed rulemaking will be submitted 

to the Chief Counsel for Advocacy of the 

Small Business Administration for 

comment on their impact on small 

business. 

Comments and Requests for a Public 

Hearing 

Before these proposed regulations are 

adopted as final regulations, 

consideration will be given to any 

written comments (a signed original and 

eight (8) copies) or electronic comments 

that are submitted timely to the IRS. All 

comments will be available for public 

inspection and copying. A public 

hearing may be scheduled if requested 

in writing by any person that timely 

submits written or electronic comments. 

If a public hearing is scheduled, notice 

of the date, time, and place for the 

public hearing will be published in the 

Federal Register. 

Drafting Information 

The principal author of these 

regulations is Grid Glyer of the Office of 

Associate Chief Counsel (Corporate). 

Other personnel from the Treasury 

Department and the IRS participated in 

their development. 

List of Subjects in 26 CFR Part 1 

Income taxes, Reporting and 

recordkeeping requirements. 

Proposed Amendments to the 

Regulations 

Accordingly, 26 CFR part 1 is 

proposed to be amended as follows: 

PART 1—INCOME TAXES 

Paragraph 1. The authority citation 

for part 1 continues to read, in part, as 

follows: 

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

Par. 2. Section 1.1502–43 is amended 

by revising paragraph (d) and adding 

paragraph (e) to read as follows: 

§ 1.1502–43 Consolidated accumulated 

earnings tax. 

[The text of the proposed amendment 

to § 1.1502–43 is the same as the text for 

§ 1.1502–43T published elsewhere in 

this issue of the Federal Register]. 

Par. 3. Section 1.1502–47 is amended 

by revising paragraph (s) and adding 

paragraph (t) to read as follows: 

§ 1.1502–47 Consolidated returns by lifenonlife groups. 

[The text of the proposed amendment 

to § 1.1502–47 is the same as the text for 

§ 1.1502–47T published elsewhere in 

this issue of the Federal Register]. 

Par. 4. Section 1.1561–1 is added to 

read as follows: 

§ 1.1561–1 General rules regarding certain 

tax benefits available to the component 

members of a controlled group of 

corporations. 

[The text of the proposed § 1.1561–1 

is the same as the text for § 1.1561–1T 


ycherry on PROD1PC64 with PROPOSALS
76956 Federal Register / Vol. 71, No. 246 / Friday, December 22, 2006 / Proposed Rules 

published elsewhere in this issue of the 

Federal Register]. 

Par. 5. Section 1.1561–2 is amended 

by revising paragraphs (a), (b), (c) and 

(d) and adding paragraph (f) to read as 

follows: 

§ 1.1561–2 Determination of amount of tax 

benefits. 

[The text of the proposed amendment 

to § 1.1561–2 is the same as the text for 

1.1561–2T published elsewhere in this 

issue of the Federal Register]. 

Par. 6. Section 1.1561–3 is added to 

read as follows: 

§ 1.1561–3 Allocating the section 1561(a) 

tax items. 

[The text of the proposed § 1.1561–3 

is the same as the text for § 1.1561–3T 

published elsewhere in this issue of the 

Federal Register]. 

Par. 7. Section 1.1563–1 is added to 

read as follows: 

§ 1.1563–1 Definition of controlled group 

of corporations and component members. 

[The text of the proposed § 1.1563–1 

is the same as the text for § 1.1563–1T 

published elsewhere in this issue of the 

Federal Register]. 

Mark E. Matthews, 

Deputy Commissioner for Services and 

Enforcement. 

[FR Doc. 06–9757 Filed 12–21–06; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[REG–146893–02; REG–115037–00; REG–

138603–03] 

RIN 1545–BB31, 1545–AY38, 1545–BC52 

Treatment of Services Under Section 

482 Allocation of Income and 

Deductions From Intangibles 

Stewardship Expense; Correction 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Correction to notice of proposed 

rulemaking by cross-reference to 

temporary regulations, notice of 

proposed rulemaking, and notice of 

public hearing. 

SUMMARY: This document contains 

corrections to a notice of proposed 

rulemaking by cross-reference to 

temporary regulations, notice of 

proposed rulemaking, and notice of 

public hearing that was published in the 

Federal Register on Friday, August 4, 

2006 (71 FR 44247) relating to the 

treatment of controlled services 

transactions under section 482. These 

regulations also provide guidance 

regarding the allocation of income from 

intangibles, in particular with respect to 

contributions by a controlled party to 

the value of an intangible owned by 

another controlled party, as it relates to 

controlled services transactions, and 

modify the regulations under section 

861 concerning stewardship expenses to 

be consistent with the changes made to 

the regulations under section 482. 

FOR FURTHER INFORMATION CONTACT: 

Thomas A. Vidano, (202) 435–5265, or 

Carol B. Tan (202) 435–5159, for matters 

relating to section 482, and David F. 

Bergkuist, (202) 622–3850, for matters 

relating to stewardship expenses (not 

toll-free numbers). 

SUPPLEMENTARY INFORMATION: 

Background 

The notice of proposed rulemaking 

(REG–146893–02, REG–115037–00 and 

REG–138603–03) by cross-reference to 

temporary regulations that is the subject 

of this correction is under section 482 

and 861 of the Internal Revenue Code. 

Need for Correction 

As published, the notice of proposed 

rulemaking (REG–146893–02, REG–

115037–00 and REG–138603–03) by 

cross-reference to temporary regulations 

contains errors that may prove to be 

misleading and are in need of 

clarification. 

Correction of Publication 

Accordingly, the notice of proposed 

rulemaking (REG–146893–02, REG–

138603–03 and REG–115037–00) by 

cross-reference to temporary regulations 

that were the subject of FR Doc. 06–

6674, is corrected as follows: 

1. On page 44247, column 2, in the 

heading, the subject ‘‘Treatment of 

Services Under Section 482 Allocation 

of Income and Deductions From 

Intangibles Stewardship Expense’’ is 

corrected to read, ‘‘Treatment of 

Services Under Section 482; Allocation 

of Income and Deductions From 

Intangibles; and Apportionment of 

Stewardship Expense’’. 

2. On page 44248, column 2, 

instructional Par. 3., number 2 is 

corrected to read as follows: 

‘‘2. Paragraphs (d)(3)(ii)(C), Example 

4, Example 5, Example 6 and (j)(6) are 

added.’’

§ 1.482–1 [Corrected] 

3. On page 44248, column 3, § 1.482–

1(j), lines 2 and 3, the language 

‘‘amendment to § 1.482–1(j) is the same 

as the text of § 1.482–1T(j)(1) and (2)’’ is 

corrected to read ‘‘amendment to 

§ 1.482–1(j)(6) is the same as the text of 

§ 1.482–1T(j)(6)’’. 

§ 1.482–8 [Corrected] 

4. On page 44249, column 2, § 1.482–

8(a), line 1, the language ‘‘(a) Example 

10. Cost of services plus’’ is corrected to 

read ‘‘(b) * * * Example 10. Cost of 

services plus’’. 

5. On page 44249, column 2, § 1.482–

8, paragraph (b) following Example 12. 

is removed. 

§ 1.482–9 [Corrected] 

6. On page 44249, column 2, § 1.482–

9(m)(6), last line, the language 

‘‘operation as defined in § 1.482–8’’ is 

corrected to read ‘‘operation as defined 

in the proposed § 1.482–8.’’. 

§ 1.861–8 [Corrected] 

7. On page 44249, column 3, § 1.861–

8(f)(4), line 3, the language ‘‘same as the 

text of § 1.861–8T(c)(4)(i)’’ is corrected 

to read ‘‘same as the text of § 1.861–

8T(f)(4)(i)’’. 

8. On page 44249, column 3, § 1.861–

8(h), line 3, the language ‘‘as the text of 

§ 1.861–8T(h)(1) published’’ is corrected 

to read ‘‘as the text of § 1.861–8T(h) 

published’’. 

Cynthia Grigsby, 

Senior Federal Register Liaison Officer, Legal 

Processing Division, Associate Chief Counsel 

(Procedure and Administration). 

[FR Doc. E6–21909 Filed 12–21–06; 8:45 am] 

BILLING CODE 4830–01–P 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Part 63 

[EPA–HQ–OAR–2002–0093; FRL–8260–6] 

RIN 2060–AN10 

National Emission Standards for 

Hazardous Air Pollutants: Surface 

Coating of Automobiles and Light-Duty 

Trucks 

AGENCY: Environmental Protection 

Agency (EPA). 

ACTION: Proposed rule. 

SUMMARY: On April 26, 2004, EPA 

issued the National Emission Standards 

for Hazardous Air Pollutants: Surface 

Coating of Automobiles and Light-Duty 

Trucks (Automobiles and Light-Duty 

Trucks NESHAP) under section 112(d) 

of the Clean Air Act. We are proposing 

to amend the final rule to provide the 

option of including surface coating of 

heavier motor vehicles under this rule. 

This action also proposes to amend the 

National Emission Standards for 

Hazardous Air Pollutants for Surface 


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