9284 Federal Register / Vol. 72, No. 40 / Thursday, March 1, 2007 / Proposed Rules 

files with supporting information in 

certain other file formats. Commenters 

filing electronically do not need to make 

a paper filing. Commenters that are not 

able to file comments electronically 

must send an original and 14 copies of 

their comments to: Federal Energy 

Regulatory Commission, Office of the 

Secretary, 888 First Street, NE., 

Washington, DC 20426. 

20. All comments will be placed in 

the Commission’s public files and may 

be viewed, printed, or downloaded 

remotely as described in the Document 

Availability section below. Commenters 

are not required to serve copies of their 

comments on other commenters. 

Document Availability 

21. In addition to publishing the full 

text of this document in the Federal 

Register, the Commission provides all 

interested persons an opportunity to 

view and/or print the contents of this 

document via the Internet through the 

Commission’s Home Page (http:// 

www.ferc.gov) and in the Commission’s 

Public Reference Room during normal 

business hours (8:30 a.m. to 5 p.m. 

Eastern time) at 888 First Street, NE., 

Room 2A, Washington, DC 20426. 

22. From the Commission’s Home 

Page on the Internet, this information is 

available in the Commission’s document 

management system, eLibrary. The full 

text of this document is available on 

eLibrary in PDF and Microsoft Word 

format for viewing, printing, and/or 

downloading. To access this document 

in eLibrary, type the docket number 

(excluding the last three digits) in the 

docket number field. 

23. User assistance is available for 

eLibrary and the Commission’s Web site 

during normal business hours. For 

assistance, please contact the 

Commission’s Online Support at 1–866–

208–3676 (toll free) or 202–502–6652 (email at FERCOnlineSupport@ferc.gov) 

or the Public Reference Room at 202–

502–8371, TTY 202–502–8659 (e-mail at 

public.referenceroom@ferc.gov). 

By direction of the Commission. 

Magalie R. Salas, 

Secretary. 

[FR Doc. E7–3549 Filed 2–28–07; 8:45 am] 

BILLING CODE 6717–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[REG–157834–06] 

RIN 1545–BG28 

Corporate Reorganizations; Additional 

Guidance on Distributions Under 

Sections 368(a)(1)(D) and 354(b)(1)(B) 

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 amend § 1.368–2T(l), 

which provides guidance regarding the 

qualification of certain transactions as 

reorganizations described in section 

368(a)(1)(D) where no stock and/or 

securities of the acquiring corporation 

are issued and distributed in the 

transaction. These regulations clarify 

that the rules in § 1.368–2T(l) are not 

intended to affect the qualification of 

related party triangular asset 

acquisitions as reorganizations 

described in section 368. These 

regulations affect corporations engaging 

in such transactions and their 

shareholders. The text of those 

regulations also serves as the text of 

these proposed regulations. 

DATES: Written or electronic comments 

and requests for a public hearing must 

be received by May 30, 2007. 

ADDRESSES: Send submissions to: 

CC:PA:LPD:PR (REG–157834–06), 

Internal Revenue Service, P.O. Box 

7604, Ben Franklin Station, Washington, 

DC 20044. Submissions may be hand 

delivered to CC:PA:LPD:PR (REG–

157834–06), Courier 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 http:// 

www.regulations.gov (IRS REG–157834–

06). 

FOR FURTHER INFORMATION CONTACT: 

Concerning the proposed regulations, 

Bruce A. Decker, (202) 622–7550; 

concerning submission of comments, 

requests for a public hearing, and/or a 

publication and regulations specialist, 

Kelly Banks, (202) 622–7180. 

SUPPLEMENTARY INFORMATION: 

Background 

Temporary regulations in the Rules 

and Regulations section of this issue of 

the Federal Register amend 26 CFR part 

1. The temporary regulations amend 

§ 1.368–2T(l), which provides guidance 

regarding the qualification of certain 

transactions as reorganizations 

described in section 368(a)(1)(D) where 

no stock and/or securities of the 

acquiring corporation are issued and 

distributed in the transaction. The text 

of those regulations also serves as the 

text of these proposed regulations. The 

preamble to the temporary regulations 

explains the amendments. 

Explanation of Provisions 

These regulations clarify that the rules 

in § 1.368–2T(l) are not intended to 

affect the qualification of related party 

triangular asset acquisitions as 

reorganizations described in section 

368. 

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 

also has been determined that section 

553(b) of the Administrative Procedure 

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

to these regulations, and because the 

regulations do not impose a collection 

of information on small entities, the 

Regulatory Flexibility Act (5 U.S.C. 

chapter 6) does not apply. 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 its 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 (a signed original and eight (8) 

copies) or electronic comments that are 

submitted timely to the IRS. The IRS 

and Treasury Department request 

comments on the clarity of the proposed 

rules and how they can be made easier 

to understand. All comments will be 

available for public inspection and 

copying. A public hearing will be 

scheduled if requested in writing by any 

person that timely submits written 

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 Bruce A. Decker, Office of 

Associate Chief Counsel (Corporate). 


rmajette on PROD1PC67 with PROPOSALS
Federal Register / Vol. 72, No. 40 / Thursday, March 1, 2007 / Proposed Rules 9285 

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 as follows: 

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

Par. 2. Section 1.368–2 is amended by 

adding paragraph (l)(2)(iv) to read as 

follows: 

§ 1.368–2 Definition of terms. 

* * * * * 

[The text of this proposed amendment 

to § 1.368–2(l)(2)(iv) is the same as the 

text of § 1.368–2T(l)(2)(iv) published 

elsewhere in this issue of the Federal 

Register]. 

Kevin M. Brown, 

Deputy Commissioner for Services and 

Enforcement. 

[FR Doc. E7–3533 Filed 2–28–07; 8:45 am] 

BILLING CODE 4830–01–P 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Part 81 

[EPA–HQ–OAR–2003–0090; FRL–8282–8] 

RIN 2060–AO05 

Final Extension of the Deferred 

Effective Date for 8-Hour Ozone 

National Ambient Air Quality 

Standards for the Denver Early Action 

Compact 

AGENCY: Environmental Protection 

Agency (EPA). 

ACTION: Proposed rule. 

SUMMARY: The EPA is proposing to 

extend the deferred effective date of the 

air quality designation for the Denver 

Early Action Compact (EAC) from July 

1, 2007 to April 15, 2008. Early Action 

Compact areas have agreed to reduce 

ground-level ozone pollution earlier 

than the Clean Air Act (CAA) requires. 

On November 29, 2006, EPA extended 

the deferred effective date for the 

Denver EAC area from December 31, 

2006, to July 1, 2007. In the same 

rulemaking, EPA also extended the 

deferred effective date for 13 other EAC 

areas from December 31, 2006 to April 

15, 2008. In the November 29, 2006, 

final rulemaking, EPA noted that there 

were issues with Denver’s EAC that 

would need to be addressed before EPA 

would extend their deferral until April 

15, 2008. 

DATES: Comments must be received on 

or before April 2, 2007. 

ADDRESSES: Submit your comments, 

identified by Docket ID No. EPA–HQ–

OAR–2003–0090, by one of the 

following methods: 

• http://www.regulations.gov: Follow 

the on-line instructions for submitting 

comments. 

• E-mail: A-and-R-Docket@epa.gov. 

• Fax: (202) 566–1741. 

• Mail: Docket EPA–HQ–OAR–2003–

0090, Environmental Protection Agency, 

Mailcode: 6102T, 1200 Pennsylvania 

Avenue, Northwest, Washington, DC 

20460. Please include two copies. 

• Hand Delivery: Deliver your 

comments to: Air Docket, 

Environmental Protection Agency, 1301 

Constitution Avenue, NW., Room 3334, 

Washington, DC 20004, Attention 

Docket ID No. EPA–HQ–OAR–2003–

0090. Such deliveries are only accepted 

during the Docket’s normal hours of 

operation, and special arrangements 

should be made for deliveries of boxed 

information. 

Instructions: Direct your comments to 

Docket ID No. EPA–HQ–OAR–2003–

0090. The EPA’s policy is that all 

comments received will be included in 

the public docket without change and 

may be made available online at 

http://www.regulations.gov, including 

any personal information provided, 

unless the comment includes 

information claimed to be Confidential 

Business Information (CBI) or other 

information whose disclosure is 

restricted by statute. Do not submit 

information that you consider to be CBI 

or otherwise protected through http:// 

www.regulations.gov or e-mail. The 

http://www.regulations.gov Web site is 

an ‘‘anonymous access’’ system, which 

means EPA will not know your identity 

or contact information unless you 

provide it in the body of your comment. 

If you send an e-mail comment directly 

to EPA without going through http:// 

www.regulations.gov, your e-mail 

address will be automatically captured 

and included as part of the comment 

that is placed in the public docket and 

made available on the Internet. If you 

submit an electronic comment, EPA 

recommends that you include your 

name and other contact information in 

the body of your comment with any disk 

or CD–ROM you submit. If EPA cannot 

read your comment due to technical 

difficulties and cannot contact you for 

clarification, EPA may not be able to 

consider your comment. Electronic files 

should avoid the use of special 

characters, any form of encryption, and 

be free of any defects or viruses. For 

further information about EPA’s public 

docket visit the EPA Docket Center 

homepage at http://www.epa.gov/ 

epahome/dockets.htm. 

Docket: All documents in the docket 

are listed in the http:// 

www.regulations.gov index. Although 

listed in the index, some information is 

not publicly available, e.g., CBI or other 

information whose disclosure is 

restricted by statute. Certain other 

material, such as copyrighted material, 

will be publicly available only in hard 

copy. Publicly available docket 

materials are available either 

electronically in http:// 

www.regulations.gov or in hard copy at 

the EPA Docket Center, EPA/DC, EPA 

West, Room 3334, 1301 Constitution 

Avenue, NW., Washington, DC. The 

Public Reading Room is open from 8:30 

a.m. to 4:30 p.m., Monday through 

Friday, excluding legal holidays. A 

reasonable fee may be charged for 

copying. The telephone number for the 

Public Reading Room is (202) 566–1744, 

and the telephone number for the Air 

Docket is (202) 566–1742. 

FOR FURTHER INFORMATION CONTACT: Ms. 

Barbara Driscoll, Office of Air Quality 

Planning and Standards, U.S. 

Environmental Protection Agency, Mail 

Code C539–04, Research Triangle Park, 

NC 27711, phone number (919) 541–

1051 or by e-mail at: 

driscoll.barbara@epa.gov or Mr. David 

Cole, Office of Air Quality Planning and 

Standards, U.S. Environmental 

Protection Agency, Mail Code C304–05, 

Research Triangle Park, NC 27711, 

phone number (919) 541–5565 or by email at: cole.david@epa.gov. 

SUPPLEMENTARY INFORMATION: 

I. General Information 

A. Does This Action Apply to Me? 

This action applies only to the Denver 

Early Action Compact (EAC) area. 

B. What Should I Consider as I Prepare 

My Comment for EPA? 

1. Submitting CBI. Do not submit 

information that you consider to be CBI 

electronically through http:// 

www.regulations.gov or e-mail. Clearly 

mark the part or all of the information 

that you claim to be CBI. For CBI 

information in a disk or CD ROM that 

you mail to EPA, mark the outside of the 

disk or CD ROM as CBI and then 

identify electronically within the disk or 

CD ROM the specific information that is 

claimed as CBI. In addition to one 

complete version of the comment that 

includes information claimed as CBI, a 

copy of the comment that does not 


rmajette on PROD1PC67 with PROPOSALS