12542 Federal Register / Vol. 62, No. 51 / Monday, March 17, 1997 / Rules and Regulations

8677] which are the subject of FR Doc.

96–15823 is corrected as follows:

§ 1.1502–13 [Corrected]

On page 33323, the twentieth entry in

the table is corrected to read as follows:

Affected section Remove Add

* * * * * * *

1.1502–13(h)(2), Example 2(b) .......................................................................................................................... 1.1502–22(c) 1.1502–22T

* * * * * * *

Cynthia E. Grigsby,

Chief, Regulations Unit, Assistant Chief

Counsel (Corporate).

[FR Doc. 97–6676 Filed 3–14–97; 8:45 am]

BILLING CODE 4830–01–U

26 CFR Part 20

[TD 8714]

RIN 1545–AU81

Estate and Gift Tax Marital Deduction;

Correction

AGENCY: Internal Revenue Service,

Treasury.

ACTION: Correction to temporary

regulations.

SUMMARY: This document contains

corrections to temporary regulations (TD

8714) which were published in the

Federal Register on Tuesday, February

18, 1997 (62 FR 7156). The temporary

regulations relate to the estate and gift

tax marital deductions.

EFFECTIVE DATE: February 18, 1997.

FOR FURTHER INFORMATION CONTACT:

Susan Hurwitz, (202) 622–3090 (not a

toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The temporary regulations that are

subject to these corrections are under

sections 2044 and 2056 of the Internal

Revenue Code.

Need for Correction

As published, the temporary

regulations (TD 8714) contain errors

which may prove to be misleading and

are in need of clarification.

Correction of Publication

Accordingly, the publication of the

temporary regulations (TD 8714) which

are the subject of FR Doc. 97–3398 is

corrected as follows:

1. On page 7156, column 2, in the

preamble under the paragraph heading

‘‘Effective Date’’, lines 2 and 3, the

language ‘‘case of qualified terminable

interest property elections made after

February’’ is corrected to read ‘‘case of

estates of decedents whose estate tax

returns are due after February’’.

§ 20.2056(b)–10T [Corrected]

2. On page 7157, column 1,

§ 20.2056(b)–10T, lines 4 and 5, the

language ‘‘estates of decedents dying

after March 1, 1994. For further

guidance, see’’ is corrected to read

‘‘estates of decedents whose estate tax

returns are due after February 18, 1997.

For further guidance, see’’.

Cynthia E. Grigsby,

Chief, Regulations Unit, Assistant Chief

Counsel (Corporate).

[FR Doc. 97–6675 Filed 3–14–97; 8:45 am]

BILLING CODE 4830–01–U

PENSION BENEFIT GUARANTY

CORPORATION

29 CFR Parts 4003, 4007, 4011, 4041,

4041A, 4043, and 4050

Disaster Relief in Response to Severe

Weather in the Midwest and South

AGENCY: Pension Benefit Guaranty

Corporation.

ACTION: Notice of disaster relief.

SUMMARY: The Pension Benefit Guaranty

Corporation is waiving certain penalties

and extending certain deadlines in

response to the major disasters declared

by the President of the United States on

account of severe weather in the

Midwest and South.

FOR FURTHER INFORMATION CONTACT:

Harold J. Ashner, Assistant General

Counsel, Office of the General Counsel,

Suite 340, Pension Benefit Guaranty

Corporation, 1200 K Street, NW.,

Washington, DC 20005, 202–326–4024

(202–326–4179 for TTY and TDD).

(These are not toll-free numbers.)

SUPPLEMENTARY INFORMATION: The

Pension Benefit Guaranty Corporation

administers the pension plan

termination insurance program under

title IV of the Employee Retirement

Income Security Act of 1974, as

amended (29 U.S.C. 1001 et seq.). Under

ERISA and the PBGC’s regulations, a

number of deadlines must be met in

order to avoid the imposition of

penalties or other consequences.

On March 2, 4, 5, 6, and 7, 1997, the

President of the United States issued

declarations, under the Disaster Relief

Act of 1974, as amended (42 U.S.C. 5121

et seq.), that major disasters exist

because of recent severe weather in the

Midwest and South. When this notice

was prepared, the following counties

had been designated by the Federal

Emergency Management Agency

(pursuant to 44 CFR 206.40(b)) as areas

affected by these disasters:

• In the state of Arkansas: Baxter,

Clark, Clay, Cross, Greene, Hempstead,

Hot Spring, Jackson, Lee, Lincoln,

Lonoke, Mississippi, Nevada, Newton,

Poinsett, Pulaski, Saline, and White;

• In the state of Indiana: Clark,

Crawford, Dearborn, Floyd, Harrison,

Jefferson, Ohio, Perry, Posey, Spencer,

Switzerland, Vanderburgh, and Warrick;

• In the state of Kentucky: Bath,

Boone, Bourbon, Boyd, Bracken,

Breckinridge, Bullitt, Caldwell,

Campbell, Carroll, Carter, Christian,

Daviess, Elliott, Fleming, Franklin,

Gallatin, Grant, Greenup, Hancock,

Hardin, Harrison, Henderson, Henry,

Hopkins, Jefferson, Kenton, Lewis,

Mason, McLean, Meade, Menifee,

Nelson, Nicholas, Ohio, Oldham, Owen,

Pendleton, Powell, Scott, Shelby,

Spencer, Trimble, and Washington;

• In the state of Ohio: Adams,

Athens, Brown, Clermont, Gallia,

Hamilton, Hocking, Jackson, Lawrence,

Meigs, Monroe, Pike, Ross, Scioto,

Vinton, and Washington;

• In the state of Tennessee: Carroll,

Cheatham, Dyer, Madison, McNairy,

Montgomery, and Obion; and

• In the state of West Virginia:

Braxton, Cabell, Calhoun, Clay, Gilmer,

Jackson, Kanawha, Lincoln, Mason,

Putnam, Roane, Tyler, Wayne, Wetzel,

Wirt, and Wood.

The PBGC is providing relief from

certain deadlines and penalties. In

general, this relief is applicable with

respect to plans for which the

administrator’s or sponsor’s principal

place of business, or the office of a

service provider, bank, insurance

company, or other person maintaining