Document Headings

                    Document headings vary by document type but may contain                    the following:                  
                -                       the agency or agencies that issued and signed a document                    
                -                       the number of the CFR title and the number of each part                      the document amends, proposes to amend, or is directly                      related to                    
                -                       the agency docket number / agency internal file number                    
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###### Department of the Treasury

###### Internal Revenue Service

          - 26 CFR Part 1
          - [REG-150066-08]
          - RIN 1545-BI45

# AGENCY:

Internal Revenue Service (IRS), Treasury.

# ACTION:

Cancellation of notice of public hearing on proposed rulemaking.

# SUMMARY:

This document cancels a public hearing on proposed rulemaking relating to the foreign base company sales income, in cases in which personal property sold by a controlled foreign corporation (CFC) is manufactured, produced, or constructed pursuant to a contract manufacturing arrangement or by one or more branches of the CFC. The temporary regulations modify the foreign base company sales income regulations to address current business structures and practices, particularly the growing importance of contract manufacturing and other manufacturing arrangements. The temporary regulations, in general, will affect CFCs and their United States shareholders.

# DATES:

The public hearing, originally scheduled for April 20, 2009, at 10 a.m., is cancelled.

# FOR FURTHER INFORMATION CONTACT:

                        Richard A. Hurst of the Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration), at                         *Richard.A.Hurst@irscounsel.treas.gov.*

# SUPPLEMENTARY INFORMATION:

                    A notice of public hearing that appeared in the                     **Federal Register**                     on Monday, December 29, 2008 (73 FR 79421), announced that a public hearing was scheduled for April 20, 2009, at 10  a.m., in the auditorium, Internal Revenue Building, 1111 Constitution Avenue, NW., Washington, DC. The subject of the public hearing is under section 954 of the Internal Revenue Code.                

The public comment period for these regulations expired on March 30, 2009. Outlines of topics to be discussed at the hearing were due on April 2, 2009. The notice of proposed rulemaking and notice of public hearing instructed those interested in testifying at the public hearing to submit an outline of the topics to be addressed. As of Monday, April 6, 2009, no one has requested to speak. Therefore, the public hearing scheduled for April 20, 2009, is cancelled.

LaNita Van Dyke,

Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, Procedure and Administration.

 [FR Doc. E9-8134 Filed 4-8-09; 8:45 am]

BILLING CODE 4830-01-P