8144 Federal Register / Vol. 77, No. 30 / Tuesday, February 14, 2012 / Rules and Regulations 

ACTION: Correcting amendment. 

SUMMARY: This document contains 

corrections to final regulations (TD 

9568), which were published in the 

Federal Register on Thursday, 

December 22, 2011 (76 FR 80082), 

relating to section 482 and methods to 

determine taxable income in connection 

with a cost sharing arrangement. 

DATES: This correction is effective on 

February 14, 2012 and is applicable 

beginning December 22, 2011. 

FOR FURTHER INFORMATION CONTACT: 

Joseph L. Tobin at (202) 435–5265 (not 

a toll-free number). 

SUPPLEMENTARY INFORMATION: 

Background 

The final regulations that is the 

subject of these corrections are under 

section 482 of the Internal Revenue 

Code. 

Need for Correction 

As published, final regulations (TD 

9568), contains errors which may prove 

to be misleading and are in need of 

clarification. 

List of Subjects in 26 CFR Part 1 

Income taxes, Reporting and 

recordkeeping requirements. 

Correction of Publication 

Accordingly, the final regulations (TD 

9568) that was the subject of FR Doc. 

2012–895 is corrected to read 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 * * * 

PART 1—[Corrected] 

■ Par. 2. Section 1.482–7 is amended 

by: 

1. Revising the title of the table of 

paragraph (g)(4)(viii), Example 2 (ii). 

2. Revising the fourth sentence of 

paragraph (g)(4)(viii), Example 3 (ii). 

The revisions read as follows: 

§ 1.482–7 Methods to determine taxable 

income in connection with a cost sharing 

arrangement. 

* * * * * 

(g) * * * 

(4) * * * 

(viii) Examples. * * * 

Example 2. * * * 

(ii) * * * 

‘‘INCOME METHOD APPLICATION 

NUMBER:’’ 

* * * * * 

Example 3. * * * 

(ii) * * * FS determines that the discount 

rate that would be applied to determine the 

present value of income and costs 

attributable to its participation in the 

licensing alternative would be 12.5% as 

compared to the 15% discount rate that 

would be applicable in determining the 

present value of the net income attributable 

to its participation in the CSA (reflecting the 

increased risk borne by FS in bearing a share 

of the R & D costs in the cost sharing 

alternative). * * * 

* * * * * 

Guy R. Traynor, 

Federal Register Liaison, Legal Processing 

Division, Publication & Regulation Branch, 

Associate Chief Counsel (Procedure and 

Administration). 

[FR Doc. 2012–3351 Filed 2–13–12; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[TD 9568] 

RIN 1545–BI47 

Section 482; Methods To Determine 

Taxable Income in Connection With a 

Cost Sharing Arrangement; Correction 

AGENCY: Internal Revenue Service (IRS). 

ACTION: Correction to notice of 

correcting amendments. 

SUMMARY: This document contains 

corrections to a correcting amendment 

(TD 9568), which was published in the 

Federal Register on Wednesday, 

January 25, 2012 (77 FR 3606) relating 

to section 482 and methods to 

determine taxable income in connection 

with a cost sharing arrangement. 

DATES: This correction is effective on 

February 14, 2012, and is applicable 

beginnning December 22, 2011. 

FOR FURTHER INFORMATION CONTACT: 

Joseph L. Tobin at (202) 435–5265 (not 

a toll-free number). 

SUPPLEMENTARY INFORMATION: 

Background 

The final regulations that are the 

subject of these corrections are under 

section 482 of the Internal Revenue 

Code. 

Need for Correction 

As published, the correcting 

amendments to final regulations (TD 

9568), contains errors which may prove 

to be misleading and are in need of 

clarification. 

Correction of Publication 

Accordingly, the publication of the 

correcting amendments to final 

regulations, (TD 9568), which were the 

subject of FR Doc. 2012–895, is 

corrected as follows: 

1. On page 3606, second column, 

instructional paragraph 3., item 4. the 

language ‘‘4. Revising paragraph 

(k)(2)(ii)(3) is corrected to read ‘‘5. 

Revising paragraph (k)(2)(ii)(A)(3). 

2. On page 3606, second column, 

under the instructional paragraph 3., the 

language ‘‘4. Revising the fourth 

sentence of paragraph (g)(4)(viii), 

Example 3.’’ is added. 

§ 1.482–7 [Corrected]. 

3. On page 3606, third column, 

§ 1.482–7(g)(2)(v)(C), Example (i), add 

three asterisks to the end of the 

paragraph and remove the five asterisks 

from below the paragraph. 

4. On page 3606, third column, 

§ 1.482–7(g)(2) after the five asterisks 

following paragraph (ii) the language 

‘‘(3) * * *’’, is corrected to read ‘‘(4) 

* * *’’. 

5. On page 3606, third column, 

§ 1.482–7 (g)(4)(viii), the language ‘‘(viii) 

* * *’’ is corrected to read ‘‘(viii) 

Examples. * * *’’ 

6. On page 3606, third column, 

§ 1.482–7(k)(2) below the five asterisks 

following paragraph (viii), Example 3 

add ‘‘(A)* * *’’ below ‘‘(ii)* * *’’ and 

above ‘‘(3)’’ and underscore ‘‘(3)’’. 

Guy R. Traynor, 

Federal Register Liaison, Legal Processing 

Division, Publication and Regulations 

Branch, Associate Chief Counsel (Procedure 

and Administration). 

[FR Doc. 2012–3353 Filed 2–13–12; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE INTERIOR 

Office of Surface Mining Reclamation 

and Enforcement 

30 CFR Part 943 

[SATS Nos. TX–061–FOR; TX–062–FOR; 

TX–063–FOR; Docket No. OSM–2011–0007] 

Texas Regulatory Program 

AGENCY: Office of Surface Mining 

Reclamation and Enforcement, Interior. 

ACTION: Final rule; approval of 

amendment. 

SUMMARY: We, the Office of Surface 

Mining Reclamation and Enforcement 

(OSM), are approving three amendments 

to the Texas regulatory program under 

the Surface Mining Control and 

Reclamation Act of 1977 (SMCRA or the 

Act). Texas at its own initiative 

submitted three separate amendments to 

its program: SATS Nos. TX–061–FOR, 

TX–062–FOR, and TX–063–FOR. Texas 

proposed revisions in TX–061–FOR by 


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