18688 Federal Register / Vol. 77, No. 60 / Wednesday, March 28, 2012 / Rules and Regulations 

■ Par. 6. Section 1.263(a)–3T is 

amended by: 

■ 1. Revising paragraph (b). 

■ 2. Revising the sixth sentence of 

paragraph (e)(6), Example 17. 

■ 3. Revising the seventh sentence of 

paragraph (i)(5), Example 20. 

■ 4. Revising the third sentence of 

paragraph (i)(5), Example 22 paragraph 

(ii). 

■ 5. Revising the last sentence of 

paragraph (i)(5), Example 23. 

■ 6. Revising paragraph (q). 

The revisions read as follows: 

§ 1.263(a)–3T Amounts paid to improve 

tangible property (temporary). 

* * * * * 

(b) * * * For purposes of this section, 

the following definitions apply: 

* * * * * 

(e) * * * 

(6) Examples. * * * 

* * * * * 

Example 17. * * * In year 7, X changed its 

method of accounting to use a 15-year 

recovery period for the improvement. * * * 

* * * * * 

(i) * * * 

(5) * * * 

* * * * * 

Example 20. * * * The plumbing fixtures 

in all the restrooms perform a discrete and 

critical function in the operation of the 

plumbing system and comprise a large 

portion of the physical structure of the 

plumbing system. * * * 

* * * * * 

Example 22. (i) * * * 

(ii) * * * All the bathtubs, toilets, sinks, 

and plumbing fixtures in the hotel building 

perform a discrete and critical function in the 

operation of the plumbing system and 

comprise a large portion of the physical 

structure of the plumbing system. * * * 

Example 23. * * * Accordingly, X is not 

required to treat the amount paid to replace 

the windows as a restoration of a building 

system under paragraph (i)(1)(iv) of this 

section. 

* * * * * 

(q) * * * The applicability of this 

section expires on December 23, 2014. 

■ Par. 7. Section 1.263(a)–6T is 

amended by revising paragraphs (b)(13) 

and (d) to read as follows: 

§ 1.263(a)–6T Election to deduct or 

capitalize certain expenditures (temporary). 

* * * * * 

(b) * * * 

(13) Section 193 (tertiary injectants); 

* * * * * 

(d) Expiration date. The applicability 

of this section expires on December 23, 

2014. 

■ Par. 8. Section 1.1016–3T is amended 

by revising the second sentence of 

paragraph (j)(3) to read as follows: 

§ 1.1016–3T Exhaustion, wear and tear, 

obsolescence, amortization, and depletion 

for periods since February 13, 1913 

(temporary). 

* * * * * 

(j) * * * 

(3) * * * For the applicability of 

§ 1.1016–3(a)(1)(ii) to taxable years 

beginning before January 1, 2012, see 

§ 1.1016–3(a)(1)(ii) in effect prior to 

January 1, 2012 (§ 1.1016–3(a)(1)(ii) as 

contained in 26 CFR part 1 edition 

revised as of April 1, 2011). 

* * * * * 

Guy R. Traynor, 

Federal Register Liaison, Legal Processing 

Division, Publications & Regulations Br., 

Associate Chief Counsel, (Procedure & 

Administration). 

[FR Doc. 2012–7263 Filed 3–27–12; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 165 

[Docket No. USCG–2012–0199] 

RIN 1625–AA00 

Safety Zone; Chicago Harbor, Navy 

Pier Southeast, Chicago, IL 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of enforcement of 

regulation. 

SUMMARY: The Coast Guard will enforce 

the Navy Pier Southeast Safety Zone in 

Chicago Harbor during various periods 

from May 19, 2012 through June 30, 

2012. This action is necessary and 

intended to ensure safety of life on the 

navigable waters of the United States 

immediately prior to, during, and 

immediately after fireworks events. 

Enforcement of this safety zone will 

establish restrictions upon, and control 

movement of, vessels in a specified area 

immediately prior to, during, and 

immediately after various fireworks 

events. During the enforcement period, 

no person or vessel may enter the safety 

zones without permission of the Captain 

of the Port, Sector Lake Michigan. 

DATES: The regulations in 33 CFR 

165.931 will be enforced at various 

times between 9 p.m. on May 19, 2012 

through 10:30 p.m. on June 30, 2012. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions on this notice, call 

or email MST2 Rebecca Stone, 

Prevention Department, Coast Guard 

Sector Lake Michigan, Milwaukee, WI at 

414–747–7154, email 

Rebecca.R.Stone@uscg.mil. 

SUPPLEMENTARY INFORMATION: The Coast 

Guard will enforce the Safety Zone; 

Chicago Harbor, Navy Pier Southeast, 

Chicago, IL listed in 33 CFR 165.931 for 

the following events: 

(1) Navy Pier Fireworks; on May 19, 

2012 from 9 p.m. through 11 p.m.; on 

May 26, 2012 from 10 p.m. through 

10:30 p.m.; on May 30, 2012 from 9:15 

p.m. through 9:45 p.m.; on June 2, 2012 

from 10 p.m. through 10:30 p.m.; on 

June 6, 2012 from 9:15 p.m. through 

9:45 p.m.; on June 9, 2012 from 10 p.m. 

through 10:30 p.m.; on June 13, 2012 

from 9:15 p.m. through 9:45 p.m.; on 

June 16, 2012 from 10 p.m. through 

10:30 p.m.; on June 20, 2012 from 9:15 

p.m. through 9:45 p.m.; on June 23, 

2012 from 10 p.m. through 10:30 p.m.; 

on June 27, 2012 from 9:15 p.m. through 

9:45 p.m.; and on June 30, 2012 from 

10:00 through 10:30. 

All vessels must obtain permission 

from the Captain of the Port, Sector Lake 

Michigan, or his or her on-scene 

representative to enter, move within or 

exit the safety zone. Vessels and persons 

granted permission to enter the safety 

zone shall obey all lawful orders or 

directions of the Captain of the Port, 

Sector Lake Michigan, or his or her onscene representative. While within a 

safety zone, all vessels shall operate at 

the minimum speed necessary to 

maintain a safe course. 

This notice is issued under authority 

of 33 CFR 165.931 and 5 U.S.C. 552 (a). 

In addition to this notice in the Federal 

Register, the Coast Guard will provide 

the maritime community with advance 

notification of these enforcement 

periods via broadcast Notice to Mariners 

or Local Notice to Mariners. The 

Captain of the Port, Sector Lake 

Michigan, will issue a Broadcast Notice 

to Mariners notifying the public when 

enforcement of the safety zone 

established by this section is suspended. 

If the Captain of the Port, Sector Lake 

Michigan, determines that the safety 

zone need not be enforced for the full 

duration stated in this notice, he or she 

may use a Broadcast Notice to Mariners 

to grant general permission to enter the 

safety zone. The Captain of the Port, 

Sector Lake Michigan, or his or her onscene representative may be contacted 

via VHF Channel 16. 

Dated: March 14, 2012. 

M.W. Sibley, 

Captain, U.S. Coast Guard, Captain of the 

Port, Lake Michigan. 

[FR Doc. 2012–7388 Filed 3–27–12; 8:45 am] 

BILLING CODE 9110–04–P 


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