76194 Federal Register / Vol. 65, No. 235 / Wednesday, December 6, 2000 / Proposed Rules

(B) The principal amount of the

offering of such class in any concurrent

public offering.

* * * * *

By the Commission.

Dated: November 29, 2000.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–30975 Filed 12–5–00; 8:45 am]

BILLING CODE 8010–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG–116495–99]

RIN 1545–AX68

Loans From a Qualified Employer Plan

to Plan Participants or Beneficiaries;

Hearing

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice of public hearing on

proposed rulemaking.

SUMMARY: This document contains a

notice of public hearing on proposed

regulations relating to loans made from

a qualified employer plan to plan

participants or beneficiaries.

DATES: The public hearing is being held

on January 17, 2001 at 10 a.m. The IRS

must receive outlines of the topics to be

discussed at the hearing by December

27, 2000.

ADDRESSES: The public hearing is being

held in room 6718, Internal Revenue

Building, 1111 Constitution Avenue,

NW., Washington, DC. Due to building

security procedures, visitors must enter

at the 10th Street entrance, located

between Constitution and Pennsylvania

Avenues, NW. In addition, all visitors

must present photo identification to

enter the building.

Mail outlines to: Regulations Unit CC

(REG–116495–99), room 5226, Internal

Revenue Service, POB 7604, Ben

Franklin Station, Washington, DC

20044. Hand deliver outlines Monday

through Friday between the hours of 8

a.m. and 5 p.m. to: Regulations Unit CC

(REG–116495–99), Courier’s Desk,

Internal Revenue Service, 1111

Constitution Avenue, NW., Washington,

DC. Submit outlines electronically to

the IRS Internet site at http://

www.irs.gov/tax_regs/regslist.html.

FOR FURTHER INFORMATION CONTACT:

Concerning submissions of comments,

the hearing, and/or to be placed on the

building access list to attend the

hearing, contact Sonya M. Cruse at (202)

622–7805 (not a toll-free number).

SUPPLEMENTARY INFORMATION: The

subject of the public hearing is the

notice of proposed regulations (REG–

116495–99) that was published in the

Federal Register on July 31, 2000 (65 FR

46677).

The rules of 26 CFR 601.601(a)(3)

apply to the hearing.

Persons who have submitted written

comments and wish to present oral

comments at the hearing, must submit

an outline of the topics to be discussed

and the amount of time to be devoted

to each topic by December 27, 2000.

A period of 10 minutes is allotted to

each person for presenting oral

comments.

After the deadline for receiving

outlines has passed, the IRS will

prepare an agenda containing the

schedule of speakers. Copies of the

agenda will be made available, free of

charge, at the hearing.

Because of access restrictions, the IRS

will not admit visitors beyond the

immediate entrance area more than 15

minutes before the hearing starts. For

information about having your name

placed on the building access list to

attend the hearing, see the FOR FURTHER

INFORMATION CONTACT section of this

document.

Cynthia Grigsby,

Chief, Regulations Unit, Office of Special

Counsel (Modernization and Strategic

Planning).

[FR Doc. 00–31083 Filed 12–5–00; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 31

[REG–114423–00]

RIN 1545–AY47

Federal Employment Tax Deposits—De

Minimis Rule

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice of proposed rulemaking

by cross-reference to temporary

regulations.

SUMMARY: These proposed regulations

affect taxpayers required to make

deposits of Federal employment taxes.

This document contains proposed

regulations which change the de

minimis deposit rule for quarterly and

annual return periods.

In the Rules and Regulations section

of this issue of the Federal Register, the

IRS is issuing temporary regulations

relating to the deposit of Federal

employment taxes. The text of those

regulations also serves as the text of

these proposed regulations.

DATES: Written or electronically

generated comments and requests for a

public hearing must be received by

March 6, 2001.

ADDRESSES: Send submissions to:

CC:M&SP:RU (REG–114423–00), room

5226, Internal Revenue Service, POB

7604, Ben Franklin Station, Washington,

DC 20044. Submissions may be hand

delivered Monday through Friday

between the hours of 8 a.m. and 5 p.m.

to: CC:M&SP:RU (REG–114423–00),

Courier’s Desk, Internal Revenue

Service, 1111 Constitution Avenue,

NW., Washington, DC. Alternatively,

taxpayers may submit comments

electronically via the Internet by

selecting the ‘‘Tax Regs’’ option on the

IRS Home Page, or by submitting

comments directly to the IRS Internet

site at http://www.irs.gov/tax_regs/

regslist.html.

FOR FURTHER INFORMATION CONTACT:

Concerning the proposed regulations,

Brinton T. Warren, (202) 622–4940;

concerning submissions of comments

and requests for a public hearing,

Treena Garrett of the Regulations Unit at

(202) 622–7180 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background and Explanation of

Provisions

Temporary regulations in the Rules

and Regulations section of this issue of

the Federal Register amend the

Employment Tax and Collection of

Income Tax at Source Regulations (26

CFR part 31) relating to section 6302.

The temporary regulations change the

de minimis rule for the deposit of

Federal employment taxes. The text of

those regulations also serves as the text

of these proposed regulations. The

preamble to the temporary regulations

explains the amendments.

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 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, this notice of proposed

Federal Register / Vol. 65, No. 235 / Wednesday, December 6, 2000 / Proposed Rules 76195

rulemaking will be submitted to the

Chief Counsel for Advocacy of the Small

Business Administration for comment

on their impact.

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 8 copies)

and electronic comments that are

submitted timely to the IRS. The IRS

and Treasury specifically request

comments on the clarity of the proposed

regulations 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 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 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.

Proposed Amendments to the

Regulations

Accordingly, 26 CFR part 31 is

proposed to be amended as follows:

PART 31—EMPLOYMENT TAXES AND

COLLECTION OF INCOME TAX AT

SOURCE

Paragraph 1. The authority citation

for part 31 continues to read in part as

follows:

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

Par. 2. In § 31.6302–1, paragraph (f)(4)

is revised 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) [The text of proposed § 31.6302–

1(f)(4) is the same as the text of

§ 31.6302–1T(f)(4)].

* * * * *

Charles O. Rossotti,

Commissioner of Internal Revenue.

[FR Doc. 00–30792 Filed 12–5–00; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 165

[COTP Tampa 00–054]

RIN 2115–AA97

Safety Zone Regulations: Tampa Bay,

Florida

AGENCY: Coast Guard, DOT.

ACTION: Notice of proposed rulemaking.

SUMMARY: The Coast Guard proposes to

amend the regulations for floating safety

zones around Liquefied Petroleum Gas

(LPG) vessels transiting the waters of

Tampa Bay. This action is necessary due

to the opening of a new LPG facility in

Port Sutton. This proposal will enhance

public and maritime safety by

minimizing meeting and overtaking

situations between other vessels and

LPG vessels.

DATES: Comments and related material

must reach the Coast Guard on or before

February 5, 2001.

ADDRESSES: You may mail comments

and related material to Marine Safety

Office Tampa (COTP Tampa 00–054),

155 Columbia Drive, Tampa Florida

33606. The Waterways Management

Branch of Marine Safety Office Tampa

maintains the public docket for this

rulemaking. Comments and material

received from the public, as well as

documents mentioned in this preamble

as being available in the docket, will

become part of this docket and will be

available for inspection or copying at

Marine Safety Office Tampa, 155

Columbia Drive, Tampa between 8 a.m.

and 3 p.m., Monday through Friday,

except Federal holidays.

FOR FURTHER INFORMATION CONTACT:

Commanding Officer, Marine Safety

Office Tampa, 155 Columbia Drive,

Tampa, Florida 33606, Attention:

Lieutenant Warren Weedon, or phone

(813) 228–2189 ext 101.

SUPPLEMENTARY INFORMATION:

Request for Comments

We encourage you to participate in

this rulemaking by submitting

comments and related material. If you

do so, please include your name and

address, identify the docket number for

this rulemaking (COTP Tampa 00–54),

indicate the specific section of this

document to which each comment

applies, and give the reason for each

comment. Please submit all comments

and related material in an unbound

format, no larger than 81⁄2 by 11 inches,

suitable for copying. If you would like

to know they reached us, please enclose

a stamped, self-addressed postcard or

envelope. We will consider all

comments and material received during

the comment period. We may change

this proposed rule in view of them.

Public Meeting

We do not now plan to hold a public

meeting. But you may submit a request

for a meeting by writing to Coast Guard

Marine Safety Office Tampa at the

address under ADDRESSES explaining

why one would be beneficial. If we

determine that one would aid this

rulemaking, we will hold one at a time

and place announced by a later notice

in the Federal Register.

Background and Purpose

Starting in June 2000, SEA–3, a new

LPG facility, started operations and

expects to receive approximately six (6)

LPG vessels per year. Prior to the

opening of the SEA–3 facility, all LPG

vessels calling on Tampa Bay received

a safety zone in accordance with 33 CFR

165.704. To enhance public and marine

safety and to minimize meeting and

overtaking situations, the Coast Guard is

looking to amend the safety zone transit

requirements for LPG vessels by adding

a new section that mirrors the

established safety zone requirements for

Anhydrous Ammonia (NH3) vessels that

call on Port Sutton. The current LPG

regulations which start at Tampa Bay

Cut ‘‘J’’ provide safety zone

requirements for LPG vessels calling at

the LPG facility located at Rattlesnake

and will remain as is, except for

standardizing the moving safety zone

size which will minimize confusion and

provided consistency throughout all of

the port’s safety zones. The revisions

include standardizing the safety zone

surrounding LPG vessels from 500 yards

to 1000 yards and replacing the safety

zone extending 50 feet waterside while

the vessel is moored, with a requirement

calling for passing vessels to provide a

30 minute notification allowing the LPG

vessel time to take appropriate safety

precautions.

In the late 1980’s and early 1990’s,

many safety changes were made to the

port, including the widening and

deepening of the shipping channels,