76152 Federal Register / Vol. 65, No. 235 / Wednesday, December 6, 2000 / Rules and Regulations

its subdivisions over Fort Leonard

Wood, MO. Specifically, R–4501A is

activated thirty minutes earlier and

deactivated three hours later.

Additionally, R–4501B is activated on

the same schedule but deactivated four

hours later. The day schedule (MondaySaturday) remains unchanged.

Also, R–4501C and D are activated

two hours later Monday-Friday and

deactivated three hours later than the

current designation on Monday and two

hours earlier Tuesday-Friday. Saturday

is no longer designated as an active day

unless done so by NOTAM 24 hours in

advance. In addition, R–4501E is

activated on the same schedule as R–

4501C and D. The FAA is taking this

action at the request of the USA to meet

the increasing training efforts of the

USA at Fort Leonard Wood, MO, and to

better depict more realistic operational

times of use of the restricted areas.

Section 73.45 of 14 CFR part 73 was

republished in FAA Order 7400.8H,

dated September 1, 2000.

The FAA has determined that this

regulation only involves an established

body of technical regulations for which

frequent and routine amendments are

necessary to keep them operationally

current. It, therefore—(1) is not a

‘‘significant regulatory action’’ under

Executive Order 12866; (2) is not a

‘‘significant rule’’ under DOT

Regulatory Policies and Procedures (44

FR 11034; February 26, 1979); and (3)

does not warrant preparation of a

regulatory evaluation as the anticipated

impact is so minimal. Since this is a

routine matter that will only affect air

traffic procedures and air navigation, it

is certified that this rule will not have

a significant economic impact on a

substantial number of small entities

under the criteria of the Regulatory

Flexibility Act.

Environmental Review

This action reduces and/or increases

the published times and/or days the

restricted areas are in use. Therefore, the

FAA has determined that this action is

not subject to environmental

assessments and procedures in

accordance with FAA Order 1050.1D,

‘‘Policies and Procedures for

Considering Environmental Impacts,’’

and the National Environmental Policy

Act.

List of Subjects on 14 CFR Part 73

Airspace, Navigation (air).

Adoption of the Amendment

In consideration of the foregoing, the

Federal Aviation Administration

amends 14 CFR part 73 as follows:

PART 73—SPECIAL USE AIRSPACE

1. The authority citation for part 73

continues to read as follows:

Authority: 49 U.S.C. 106(g), 40103, 40113,

40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959–

1963 Comp., p. 389.

§ 73.45 [Amended]

2. Section 73.45 is amended as

follows:

* * * * *

R–4501A Fort Leonard Wood West, MO

[Amended]

By removing the words ‘‘Time of

Designation. 0700–1800 MondaySaturday; other times by NOTAM issued

at least 24 hours in advance.’’ and

inserting the words ‘‘Time of

Designation. 0630–2100 MondaySaturday; other times by NOTAM issued

at least 24 hours in advance.’’

R–4501B Fort Leonard Wood East, MO

[Amended]

By removing the words ‘‘TIME OF

DESIGNATION. 0700–1800 MondaySaturday; other times by NOTAM issued

at least 24 hours in advance.’’ and

inserting the words ‘‘TIME OF

DESIGNATION. 0630–2200 MondaySaturday; other times by NOTAM issued

at least 24 hours in advance.’’

R–4501C Fort Leonard Wood, MO

[Amended]

By removing the words ‘‘TIME OF

DESIGNATION. 0700–1800 MondaySaturday; other times by NOTAM issued

at least 24 hours in advance.’’ and

inserting the words ‘‘TIME OF

DESIGNATION. 0900–2100 Monday; 0900–

1600 Tuesday-Friday; other times by

NOTAM issued at least 24 hours in

advance.’’

R–4501D Fort Leonard Wood, MO

[Amended]

By removing the words ‘‘TIME OF

DESIGNATION. 0700–1800 MondaySaturday; other times by NOTAM issued

at least 24 hours in advance.’’ and

inserting the words ‘‘TIME OF

DESIGNATION. 0900–2100 Monday; 0900–

1600 Tuesday-Friday; other times by

NOTAM issued at least 24 hours in

advance.’’

R–4501E Fort Leonard Wood, MO

[Amended]

By removing the words ‘‘TIME OF

DESIGNATION. As specified by NOTAM at

least 24 hours in advance.’’ and

inserting the words ‘‘TIME OF

DESIGNATION. 0900–2100 Monday; 0900–

1600 Tuesday-Friday; other times by

NOTAM issued at least 24 hours in

advance.’’

* * * * *

Issued in Washington, DC, on November

30, 2000.

Reginald C. Matthews,

Manager Airspace and Rules Division.

[FR Doc. 00–31086 Filed 12–5–00; 8:45 am]

BILLING CODE 4910–13–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 31

[TD 8909]

RIN 1545–AY46

Federal Employment Tax Deposits—De

Minimis Rule

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Temporary and final

regulations.

SUMMARY: This document contains

temporary and final regulations relating

to the deposit of Federal employment

taxes. The regulations change the de

minimis deposit rule for quarterly and

annual return periods. The regulations

affect taxpayers required to make

deposits of Federal employment taxes.

The text of the temporary regulations

also serves as the text of the proposed

regulations set forth in the notice of

proposed rulemaking on this subject in

the Proposed Rules section of this issue

of the Federal Register.

DATES: Effective date: These regulations

are effective December 6, 2000.

Applicability date: For dates of

applicability, see § 31.6302–1T(f)(4).

FOR FURTHER INFORMATION CONTACT:

Brinton T. Warren, (202) 622–4940 (not

a toll-free call).

SUPPLEMENTARY INFORMATION:

Background and Explanation of

Provisions

This document contains amendments

to 26 CFR part 31, Employment Taxes

and Collection of Income Tax at the

Source. Section 31.6302–1(f)(4) provides

that if the total amount of accumulated

employment taxes for a return period is

less than $1,000 and the amount is fully

deposited or remitted with a timely filed

return for the quarter, the amount

deposited or remitted will be deemed to

be timely deposited.

The temporary regulations change the

$1,000 threshold to $2,500. Thus, a

taxpayer that has accumulated

employment taxes of less than $2,500

for a return period (quarterly or annual,

as the case may be) does not have to

make deposits but may remit its full

Federal Register / Vol. 65, No. 235 / Wednesday, December 6, 2000 / Rules and Regulations 76153

liability with a timely filed return for

the return period.

The de minimis threshold is being

raised as part of the IRS and Treasury’s

continued efforts to reduce burden on

the small business community. On June

16, 1998, temporary regulations (TD

8771) that raised the de minimis

threshold from $500 to $1,000 were

published in the Federal Register (63

FR 32735). This increase of the

threshold to $1,000 was made final on

June 17, 1999, (TD 8822) in regulations

published in the Federal Register (64

FR 32408).

Having conducted further study, the

IRS now seeks additional changes in

deposit requirements to reduce taxpayer

burden. The IRS and Treasury have

determined that another increase in the

de minimis threshold is a simple and

straightforward step that will reduce

burden on small businesses.

Special Analyses

It has been determined that this

Treasury decision 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 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. Pursuant to

section 7805(f) of the Internal Revenue

Code, these regulations will be

submitted to the Chief Counsel for

Advocacy of the Small Business

Administration for comment on their

impact on small businesses.

Drafting Information

The principal author of the

regulations is Brinton T. Warren of the

Office of Associate Chief Counsel,

Procedure and Administration

(Administrative Provisions and Judicial

Practice Division). However, other

personnel from the IRS and Treasury

Department participated in their

development.

List of Subjects in 26 CFR Part 31

Employment taxes, Income taxes,

Penalties, Pensions, Railroad retirement,

Reporting and recordkeeping

requirements, Social security,

Unemployment compensation.

Adoption of Amendments to the

Regulations

Accordingly, 26 CFR part 31 is

amended as follows:

PART 31—EMPLOYMENT TAXES AND

COLLECTION OF INCOME TAX AT

SOURCE

Paragraph 1. The authority citation

for part 31 is amended by adding an

entry in numerical order to read in part

as follows:

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

Section 31.6302–1T also issued under 26

U.S.C. 6302(a) and (c). * * *

Par. 2. In § 31.6302–1, a new sentence

is added at the end of paragraph (f)(4)

to read as follows:

§ 31.6302–1 Federal tax deposit rules for

withheld income taxes and taxes under the

Federal Insurance Contributions Act (FICA)

attributable to payments made after

December 31, 1992.

* * * * *

(f) * * *

(4) * * * For guidance regarding de

minimis amounts for quarterly or

annual return periods beginning on or

after January 1, 2001, see § 31.6302–

1T(f)(4).

* * * * *

Par. 3. Section 31.6302–1T is added

to read as follows:

§ 31.6302–1T Federal tax deposit rules for

withheld income taxes and taxes under the

Federal Insurance Contributions Act (FICA)

attributable to payments made after

December 31, 1992 (temporary).

(a) through (f)(3). [Reserved] For

further guidance, see § 31.6302–1(a)

through (f)(3).

(f)(4) De Minimis rule. For quarterly

and annual return periods beginning on

or after January 1, 2001, if the total

amount of accumulated employment

taxes for the return period is less than

$2,500 and the amount is fully

deposited or remitted with a timely filed

return for the return period, the amount

deposited or remitted will be deemed to

have been timely deposited.

(f)(5) through (n). [Reserved] For

further guidance, see § 31.6302–1(f)(5)

through (n).

Approved: November 21, 2000.

Charles O. Rossotti,

Commissioner of Internal Revenue.

Jonathan Talisman,

Acting Assistant Secretary for Tax Policy.

[FR Doc. 00–30791 Filed 12–5–00; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 100

[CGD 05–00–053]

Special Local Regulations for Marine

Events; Approaches to Annapolis

Harbor, Spa Creek, and Severn River,

Annapolis, Maryland

AGENCY: Coast Guard, DOT.

ACTION: Notice of implementation.

SUMMARY: The Coast Guard is

implementing the special local

regulations at 33 CFR 100.511 for the

Eastport Yacht Club Lighted Boat

Parade, a marine event to be held

December 9, 2000, on the waters of Spa

Creek and the Severn River at

Annapolis, Maryland. These special

local regulations are necessary to

control vessel traffic due to the confined

nature of the waterway and expected

vessel congestion during the event. The

effect will be to restrict general

navigation in the regulated area for the

safety of spectators and vessels

transiting the event area.

DATES: 33 CFR 100.511 is effective from

4:45 p.m. to 9:15 p.m. on December 9,

2000.

FOR FURTHER INFORMATION CONTACT:

Chief Warrant Officer R. L. Houck,

Marine Events Coordinator,

Commander, Coast Guard Activities

Baltimore, 2401 Hawkins Point Road,

Baltimore, MD 21226–1971, (410) 576–

2674.

SUPPLEMENTARY INFORMATION: The

Eastport Yacht Club will sponsor a

lighted boat parade on the waters of the

Severn River and Spa Creek at

Annapolis, Maryland. The event will

consist of approximately 50 vessels,

ranging in length from 20 to 55 feet,

traveling at slow speed along two

separate parade routes in Annapolis

Harbor. In order to ensure the safety of

participants, spectators and transiting

vessels, 33 CFR 100.511 will be in effect

for the duration of the event. Under

provisions of 33 CFR 100.511, vessels

may not enter the regulated area without

permission from the Coast Guard Patrol

Commander. Spectator vessels may

anchor outside the regulated area but

may not block a navigable channel.

Because these restrictions will only be

in effect for a limited period, they

should not result in a significant

disruption of maritime traffic.