Federal Register / Vol. 83, No. 118 / Tuesday, June 19, 2018 / Proposed Rules 28401 

Accordingly, the partnership’s taking subject 

to liability 1 is treated as a transfer of only 

$500 of consideration to G (the amount by 

which liability 1 ($6,000) exceeds G’s share 

of liabilities 1 and 2 ($5,500)), and the 

partnership’s assumption of liability 2 is 

treated as a transfer of only $5,000 of 

consideration to H (the amount by which 

liability 2 ($7,000) exceeds H’s share of 

liabilities 1 and 2 ($2,000)). G is treated 

under the rule in § 1.707–3 as having sold 

$500 of the fair market value of property 1 

in exchange for the partnership’s taking 

subject to liability 1 and H is treated as 

having sold $5,000 of the fair market value 

of property 2 in exchange for the assumption 

of liability 2. 

Example 8. Partnership’s assumption of 

liability pursuant to a plan to avoid sale 

treatment of partnership assumption of 

another liability. (i) The facts are the same as 

in Example 7, except that— 

(A) H transferred the proceeds of liability 

2 to the partnership; and 

(B) H incurred liability 2 in an attempt to 

reduce the extent to which the partnership’s 

taking subject to liability 1 would be treated 

as a transfer of consideration to G (and 

thereby reduce the portion of G’s transfer of 

property 1 to the partnership that would be 

treated as part of a sale). 

(ii) Because the partnership assumed 

liability 2 with a principal purpose of 

reducing the extent to which the 

partnership’s taking subject to liability 1 

would be treated as a transfer of 

consideration to G, liability 2 is ignored in 

applying paragraph (a)(3) of this section. 

Accordingly, the partnership’s taking subject 

to liability 1 is treated as a transfer of $4,000 

of consideration to G (the amount by which 

liability 1 ($6,000) exceeds G’s share of 

liability 1 ($2,000)). On the other hand, the 

partnership’s assumption of liability 2 is not 

treated as a transfer of any consideration to 

H because H’s share of that liability equals 

$7,000 as a result of H’s transfer of $7,000 in 

money to the partnership. 

* * * * * 

§ 1.707–5T [Removed] 

■ Par. 3. Section 1.707–5T is removed. 

■ Par. 4. Section 1.707–9 is amended by 

revising paragraph (a)(4) and removing 

paragraph (a)(5). The revisions read as 

follows: 

§ 1.707–9 Effective dates and transitional 

rules. 

(a) * * * 

(4) Section 1.707–5(a)(2) and (f) 

Examples 2, 3, 7, and 8. (i) Section 

1.707–5(a)(2) and (f) Examples 2, 3, 7, 

and 8, as contained in 26 CFR part 1 

revised as of April 1, 2016, apply to any 

transaction with respect to which any 

transfers occur before January 3, 2017. 

(ii) For any transaction with respect to 

which all transfers occur on or after 

January 3, 2017, and any of such 

transfers occurs before the date that is 

thirty days after the date these 

regulations are published as final in the 

Federal Register, see § 1.707–9T(a)(5) as 

contained in 26 CFR part 1 revised as of 

April 1, 2017. 

(iii) Section 1.707–5(a)(2) and (f) 

Examples 2, 3, 7, and 8 apply to any 

transaction with respect to which all 

transfers occur on or after the date that 

is thirty days after the date these 

regulations are published as final in the 

Federal Register. 

* * * * * 

§ 1.707–9T [Removed] 

■ Par. 5. Section 1.707–9T is removed. 

Kirsten Wielobob, 

Deputy Commissioner for Services and 

Enforcement. 

[FR Doc. 2018–13129 Filed 6–18–18; 8:45 am] 

BILLING CODE 4830–01–P 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Part 26 

[EPA–HQ–ORD–2018–0280; FRL–9977–78] 

RIN 2080–AA13 

Notification of Submission to the 

Secretary of Agriculture; 

Harmonization of Regulations 

Safeguarding Human Test Subjects 

AGENCY: Environmental Protection 

Agency (EPA). 

ACTION: Notification of submission to 

the Secretary of Agriculture. 

SUMMARY: This document notifies the 

public as required by the Federal 

Insecticide, Fungicide, and Rodenticide 

Act (FIFRA) that the EPA Administrator 

has forwarded to the Secretary of the 

United States Department of Agriculture 

(USDA) a draft regulatory document 

concerning ‘‘Harmonize 40 CFR 26 

Subparts C, D, and K with Subpart A 

(the Common Rule)’’. The draft 

regulatory document is not available to 

the public until after it has been signed 

and made available by EPA. 

DATES: See Unit I. under SUPPLEMENTARY

INFORMATION. 

ADDRESSES: The docket for this action, 

identified by docket identification (ID) 

number EPA–HQ–ORD–2018–0280, is 

available at http://www.regulations.gov 

or at the Environmental Protection 

Agency Docket Center (EPA/DC), West 

William Jefferson Clinton Bldg., Rm. 

3334, 1301 Constitution Ave. NW, 

Washington, DC 20460–0001. The 

Public Reading Room is open from 8:30 

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

Friday, excluding legal holidays. The 

telephone number for the Public 

Reading Room is (202) 566–1744. Please 

review the visitor instructions and 

additional information about the docket 

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

dockets. 

FOR FURTHER INFORMATION CONTACT: Greg 

Susanke, Office of the Science Advisor, 

Environmental Protection Agency, 1200 

Pennsylvania Ave. NW, Washington, DC 

20460–0001; telephone number: (202) 

564–0221; email address: staff_osa@

epa.gov. 

SUPPLEMENTARY INFORMATION: 

I. What action is EPA taking? 

Section 25(a)(2)(A) of FIFRA requires 

the EPA Administrator to provide the 

Secretary of USDA with a copy of any 

draft proposed rule at least 60 days 

before signing it in proposed form for 

publication in the Federal Register. The 

draft proposed rule is not available to 

the public until after it has been signed 

by EPA. If the Secretary of USDA 

comments in writing regarding the draft 

proposed rule within 30 days after 

receiving it, the EPA Administrator 

shall include the comments of the 

Secretary of USDA and the EPA 

Administrator’s response to those 

comments with the proposed rule that 

publishes in the Federal Register. If the 

Secretary of USDA does not comment in 

writing within 30 days after receiving 

the draft proposed rule, the EPA 

Administrator may sign the proposed 

rule for publication in the Federal 

Register any time after the 30-day 

period. 

II. Do any statutory and Executive 

Order reviews apply to this 

notification? 

No. This document is merely a 

notification of submission to the 

Secretary of USDA. As such, none of the 

regulatory assessment requirements 

apply to this document. 

List of Subjects in 40 CFR Part 26 

Environmental protection, 

Administrative practice and procedures, 

Human research, Pesticides and pests. 

Dated: June 4, 2018. 

Richard P. Keigwin, 

Director, Office of Pesticide Programs. 

[FR Doc. 2018–12708 Filed 6–18–18; 8:45 am] 

BILLING CODE 6560–50–P 


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