Federal Register / Vol. 63, No. 115 /Tuesday, June 16, 1998 /Rules and Regulations 32735

FDA, in accordance with the

Regulatory Flexibility Act, has

considered the effect that this rule will

have on small entities, including small

businesses, and has determined that no

significant economic impact on a

substantial number of small entities will

derive from this action.

IV. Paperwork Reduction Act of 1995

The direct final rule contains no

collections of information. Therefore,

clearance by the Office of Management

and Budget under the Paperwork

Reduction Act of 1995 is not required.

V. Request for Comments

Interested persons may, on or before

August 31, 1998, submit to the Dockets

Management Branch (address above)

written comments regarding this rule.

Two copies of any comments are to be

submitted, except that individuals may

submit one copy. Comments are to be

identified with the docket number

found in brackets in the heading of this

document. Received comments may be

seen in the office above between 9 a.m.

and 4 p.m., Monday through Friday.

The comment period for the direct final

rule runs concurrently with that of the

companion proposed rule. Any

comments received under the

companion proposed rule will be

considered as comments regarding this

direct final rule. Likewise, any comment

submitted under the direct final rule

will be considered as comments to the

companion proposed rule in the event

the direct final rule is withdrawn.

List of Subjects in 21 CFR Part 10

Administrative practice and

procedure, News media.

Therefore, under the Federal Food,

Drug, and Cosmetic Act, the Public

Health Service Act, and authority

delegated to the Commissioner of Food

and Drugs, 21 CFR part 10 is amended

as follows:

PART 10—ADMINISTRATIVE

PRACTICES AND PROCEDURES

1. The authority citation for 21 CFR

part 10 is revised to read as follows:

Authority: 5 U.S.C. 551–558, 701–706; 15

U.S.C. 1451–4161; 21 U.S.C. 141–149, 321–

397, 467f, 679, 821, 1034; 28 U.S.C. 2112; 42

U.S.C. 201, 262, 263b, 264.

2. Section 10.75 is amended by

adding a sentence at the end of

paragraph (b) to read as follows:

§ 10.75 Internal agency review of

decisions.

* * * * *

(b) * * * A sponsor, applicant, or

manufacturer of a drug or device

regulated under the act or the Public

Health Service Act (42 U.S.C. 262), may

request review of a scientific

controversy by an appropriate scientific

advisory panel as described in section

505(n) of the act, or an advisory

committee as described in section

515(g)(2)(B) of the act.

* * * * *

Dated: June 4, 1998.

William K. Hubbard,

Associate Commissioner for Policy

Coordination.

[FR Doc. 98–15815 Filed 6–15–98; 8:45 am]

BILLING CODE 4160–01–F

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 31

[TD 8771]

RIN 1545–AW29

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 June 16, 1998.

Applicability date: For dates of

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

FOR FURTHER INFORMATION CONTACT:

Vincent Surabian (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 Source.

Section 31.6302–1(f)(4) provides that if

the total amount of accumulated

employment taxes for the quarter is less

than $500 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

$500 threshold to $1,000. In addition,

the regulations replace the term

‘‘quarter’’ with the term ‘‘return period’’

since some employment taxes are

reported on an annual basis (Forms 943,

945, and CT–1) rather than quarterly

(Form 941). Thus, a taxpayer that has

accumulated employment taxes of less

than $1,000 for a return period

(quarterly or annual, as the case may be)

does not have to make deposits but may

remit its full liability with a timely filed

return for the return period.

Special Analyses

It has been determined that this

Treasury decision is not a significant

regulatory action as defined in EO

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 business.

Drafting Information: The principal

author of these regulations is Vincent

Surabian, Office of Assistant Chief

Counsel (Income Tax & Accounting).

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 as

follows:

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

§ 31.6302–1T also issued under 26

U.S.C. 6302 (a) and (c). * * *
32736 Federal Register / Vol. 63, No. 115 /Tuesday, June 16, 1998 /Rules and Regulations

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) De Minimis rule. * * * For

guidance regarding de minimis amounts

for quarterly return periods beginning

on or after July 1, 1998, and annual

return periods beginning on or after

January 1, 1999, 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

return periods beginning on or after July

1, 1998, and annual return periods

beginning on or after January 1, 1999, if

the total amount of accumulated

employment taxes for the return period

is less than $1,000 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 (m). [Reserved] For

further guidance, see § 31.6302–1(g)

through (m).

Michael P. Dolan,

Deputy Commissioner of Internal Revenue.

Approved: June 1, 1998.

Donald C. Lubick,

Assistant Secretary of the Treasury.

[FR Doc. 98–15984 Filed 6–15–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 100

[CGD 05–98–040]

RIN 2115–AE46

Special Local Regulations for Marine

Events; Patapsco River, Baltimore, MD

AGENCY: Coast Guard, DOT.

ACTION: Notice of implementation.

SUMMARY: This notice implements the

special local regulations at 33 CFR

100.515 during the fireworks display to

be held July 4, 1998, on the Patapsco

River at Baltimore, 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 fireworks

display. 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 100.515 is effective from

9 p.m. to 10 p.m. on July 4, 1998.

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 City

of Baltimore will sponsor a fireworks

display on July 4, 1998 on the Patapsco

River, Baltimore, Maryland. The

fireworks display will be launched from

a barge positioned within the regulated

area. In order to ensure the safety of

participants and transiting vessels, 33

CFR 100.515 will be in effect for the

duration of the event. Under provisions

of 33 CFR 100.515, a vessel may not

enter the regulated area unless it

receives 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 be in effect for a limited

period, they should not result in a

significant disruption of maritime

traffic.

Dated: May 29, 1998.

P.M. Stillman,

Captain, U.S. Coast Guard, Acting

Commander, Fifth Coast Guard District.

[FR Doc. 98–15900 Filed 6–15–98; 8:45 am]

BILLING CODE 4910–15–M

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 100

[CGD 05–98–039]

RIN 2115–AE46

Special Local Regulations for Marine

Events; Severn River, College Creek,

and Weems Creek, Annapolis, MD

AGENCY: Coast Guard, DOT.

ACTION: Notice of implementation.

SUMMARY: This notice implements the

special local regulations at 33 CFR

100.518 during the fireworks display to

be held July 4, 1998, on 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 fireworks

display. 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 100.518 is effective from

8 p.m. to 11 p.m. on July 4, 1998.

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 City

of Annapolis will sponsor a fireworks

display on July 4, 1998 on the Severn

River, Annapolis, Maryland. The

fireworks display will be launched from

a barge positioned within the regulated

area. In order to ensure the safety of

spectators and transiting vessels, 33 CFR

100.518 will be in effect for the duration

of the event. Under provisions of 33

CFR 100.518, a vessel may not enter the

regulated area unless it receives

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 be in

effect for a limited period, they should

not result in a significant disruption of

maritime traffic.

Dated: May 29, 1998.

P.M. Stillman,

Captain, U.S. Coast Guard, Acting

Commander, Fifth Coast Guard District.

[FR Doc. 98–15899 Filed 6–15–98; 8:45 am]

BILLING CODE 4910–15–M

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 100

[CGD01–98–065]

RIN 2115–AE46

Special Local Regulation: Fireworks

Displays Within the First Coast Guard

District

AGENCY: Coast Guard, DOT.

ACTION: Notice of implementation.

SUMMARY: This document provides

notice of the dates and times of the

special local regulations contained in 33

CFR 100.114, Fireworks Displays within

the First Coast Guard District. All

vessels will be restricted from entering

the area of navigable water within a 500-