4686 Federal Register / Vol. 90, No. 10 / Thursday, January 16, 2025 / Proposed Rules 

List of Subjects in 14 CFR Part 71 

Airspace, Incorporation by reference, 

Navigation (air). 

The Proposed Amendment 

In consideration of the foregoing, the 

Federal Aviation Administration 

proposes to amend 14 CFR part 71 as 

follows: 

PART 71—DESIGNATION OF CLASS A, 

B, C, D, AND E AIRSPACE AREAS; AIR 

TRAFFIC SERVICE ROUTES; AND 

REPORTING POINTS 

■ 1. The authority citation for 14 CFR 

part 71 continues to read as follows: 

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

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

1963 Comp., p. 389. 

§ 71.1 [Amended] 

■ 2. The incorporation by reference in 

14 CFR 71.1 of FAA Order JO 7400.11J, 

Airspace Designations and Reporting 

Points, dated July 31, 2024, and 

effective September 15, 2024, is 

amended as follows: 

Paragraph 6002 Class E Airspace Areas 

Designated as a Surface Area. 

* * * * * 

ANM CO E2 Cortez, CO [Amended] 

Cortez Municipal Airport, CO 

(Lat. 37°18′11′′ N, long. 108°37′41′′ W) 

That airspace extending upward from the 

surface within a 4.8-mile radius of the 

airport, within 1.9 miles either side of the 

airport’s 032° bearing extending from its 4.8- 

mile radius to 5.6 miles northeast, and within 

1.9 miles either side of the airport’s 217° 

bearing extending from its 4.8-mile radius to 

7.2 miles southwest. This Class E airspace 

area is effective during the specific dates and 

times established in advance by a Notice to 

Air Missions. The effective date and time 

will thereafter be continuously published in 

the Chart Supplement. 

* * * * * 

Paragraph 6004 Class E Airspace Areas 

Designated as an Extension to a Class D or 

Class E Surface Area. 

* * * * * 

ANM CO E4 Cortez, CO [New] 

Cortez Municipal Airport, CO 

(Lat. 37°18′11′′ N, long. 108°37′41′′ W) 

That airspace extending upward from the 

surface within 4.1 miles either side of the 

airport’s 042° bearing extending from its 4.8- 

mile radius to 13 miles northeast of the 

airport, excluding that airspace within the 

airport’s Class E airspace designated as a 

surface area. 

* * * * * 

Paragraph 6005 Class E Airspace Areas 

Extending Upward From 700 Feet or More 

Above the Surface of the Earth. 

* * * * * 

ANM CO E5 Cortez, CO [Amended] 

Cortez Municipal Airport, CO 

(Lat. 37°18′11′′ N, long. 108°37′41′′ W) 

That airspace extending upward from 700 

feet above the surface within a 6.1-mile 

radius of the airport, within 6.1 miles either 

side of the airport’s 048° bearing extending 

from the 6.1-mile radius to 18.8 miles 

northeast, within 1.9 miles either side of the 

airport’s 217° bearing extending from the 6.1- 

mile radius to 9.4 miles southwest, and 

within 4.2 miles west of the airport’s 350° 

bearing extending from the 6.1-mile radius to 

7.9 miles north. 

* * * * * 

Issued in Des Moines, Washington, on 

December 20, 2024. 

B.G. Chew, 

Group Manager, Operations Support Group, 

Western Service Center. 

[FR Doc. 2025–00113 Filed 1–15–25; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

24 CFR Parts 5, 245, 882, 960, 966, and 

982 

[Docket No. FR–6362–N–02] 

RIN 2501–AE08 

Reducing Barriers to HUD-Assisted 

Housing; Withdrawal 

AGENCY: U.S. Department of Housing 

and Urban Development (HUD). 

ACTION: Proposed rule; withdrawal. 

SUMMARY: This document informs the 

public that HUD has determined not to 

pursue the proposed rule previously 

published in the Federal Register on 

April 10, 2024, entitled ‘‘Reducing 

Barriers to HUD-Assisted Housing’’. 

HUD will proceed to formally withdraw 

the rule from HUD’s Spring 2025 

Unified Agenda of Regulatory and 

Deregulatory Actions. 

DATES: The proposed rule published at 

89 FR 25332, April 10, 2024, is 

withdrawn as of January 16, 2025. 

ADDRESSES: Department of Housing and 

Urban Development, 451 7th Street SW, 

Room 10282, Washington, DC 20410. 

FOR FURTHER INFORMATION CONTACT: 

Aaron Santa Anna, Associate General 

Counsel for Legislation and Regulations, 

Office of Legislation and Regulations, 

Office of General Counsel, Department 

of Housing and Urban Development, 

451 7th Street SW, Room 10282, 

Washington, DC 20410; telephone 

number (202) 402–5300 (this is not a 

toll-free number). HUD welcomes and is 

prepared to receive calls from 

individuals who are deaf or hard of 

hearing, as well as individuals with 

speech or communication disabilities. 

To learn more about how to make an 

accessible telephone call, please visit 

https://www.fcc.gov/consumers/guides/ 

telecommunications-relay-service-trs. 

SUPPLEMENTARY INFORMATION: On April 

10, 2024 (89 FR 25332), HUD published 

a proposed rule in the Federal Register 

entitled ‘‘Reducing Barriers to HUDAssisted Housing’’ that proposed to 

amend the regulations for certain HUD 

Public and Indian Housing and Housing 

programs that govern admission for 

applicants with criminal records or a 

history of involvement with the 

criminal justice system and eviction or 

termination of assistance of persons on 

the basis of illegal drug use, drug-related 

criminal activity, or other criminal 

activity. 

The Department has determined to 

withdraw the proposed rule at this time 

and to terminate this rulemaking 

proceeding. HUD does not intend for a 

final rule to be issued on this NPRM. If, 

in the future, HUD decides it is 

appropriate to issue regulations on this 

topic, HUD will do so via a new notice 

of proposed rulemaking, subject to the 

requirements of the Administrative 

Procedure Act, 5 U.S.C. 551, et seq. and 

24 CFR part 10. 

HUD’s Withdrawal of Proposed Rule 

Accordingly, HUD will proceed to 

formally withdraw the following 

proposed rule from its Spring 2025 

Unified Agenda of Regulatory and 

Deregulatory Actions: Reducing Barriers 

to HUD-Assisted Housing (89 FR 25332, 

April 10, 2024) (RIN 2501–AE08). 

HUD’s Unified Agenda of Regulatory 

and Deregulatory Actions is available on 

Reginfo.gov and can be accessed at 

https://www.reginfo.gov/public/do/ 

eAgendaMain. 

Benjamin Klubes, 

Acting General Counsel. 

[FR Doc. 2025–00996 Filed 1–15–25; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

24 CFR Parts 5, 91, 92, 93, 570, 574, 

576, 903, and 983 

[Docket No. FR–6250–N–03] 

RIN 2529–AB05 

Affirmatively Furthering Fair Housing; 

Withdrawal 

AGENCY: U.S. Department of Housing 

and Urban Development (HUD). 

ACTION: Proposed rule; withdrawal. 


ddrumheller on DSK120RN23PROD with PROPOSALS1
Federal Register / Vol. 90, No. 10 / Thursday, January 16, 2025 / Proposed Rules 4687 

SUMMARY: This document informs the 

public that HUD has determined not to 

pursue the proposed rule published in 

the Federal Register on February 9, 

2023, entitled ‘‘Affirmatively Furthering 

Fair Housing’’. HUD will proceed to 

formally withdraw the rule from HUD’s 

upcoming Spring 2025 Unified Agenda 

of Regulatory and Deregulatory Actions. 

ADDRESSES: Department of Housing and 

Urban Development, 451 7th Street SW, 

Room 10282, Washington, DC 20410. 

DATES: The proposed rule published at 

88 FR 8516, February 9, 2023, is 

withdrawn as of January 16, 2025. 

FOR FURTHER INFORMATION CONTACT: 

Aaron Santa Anna, Associate General 

Counsel for Legislation and Regulations, 

Office of General Counsel, Department 

of Housing and Urban Development, 

451 7th Street SW, Room 10282, 

Washington, DC 20410; telephone 

number 202–402–5138 (this is not a 

tollfree number). HUD welcomes and is 

prepared to receive calls from 

individuals who are deaf or hard of 

hearing, as well as individuals with 

speech or communication disabilities. 

To learn more about how to make an 

accessible telephone call, please visit 

https://www.fcc.gov/consumers/guides/ 

telecommunications-relay-service-trs. 

SUPPLEMENTARY INFORMATION: On 

February 9, 2023 (88 FR 8516), HUD 

published a proposed rule in the 

Federal Register entitled ‘‘Affirmatively 

Furthering Fair Housing’’ that included, 

among others, provisions reestablishing 

a formal AFFH planning process and 

creating an enforcement mechanism to 

ensure program participants comply 

with the duty to affirmatively further 

fair housing. 

The Department has determined to 

withdraw the proposed rule at this time 

and to terminate this rulemaking 

proceeding. HUD does not intend for a 

final rule to be issued on this NPRM. If, 

in the future, HUD decides it is 

appropriate to issue regulations on this 

topic, HUD will do so through a new 

notice of proposed rulemaking, subject 

to the requirements of the 

Administrative Procedure Act, 5 U.S.C. 

551, et seq. and 24 CFR part 10. 

HUD’s Withdrawal of Proposed Rule 

Accordingly, HUD will proceed to 

formally withdraw the following 

proposed rule from its Spring 2025 

Unified Agenda of Regulatory and 

Deregulatory Actions: Affirmatively 

Furthering Fair Housing (88 FR 8516, 

February 9, 2023) (RIN 2529–AB05). 

HUD’s Unified Agenda of Regulatory 

and Deregulatory Actions is available on 

Reginfo.gov and can be accessed at 

https://www.reginfo.gov/public/do/ 

eAgendaMain. 

Benjamin Klubes, 

Acting General Counsel. 

[FR Doc. 2025–00981 Filed 1–15–25; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[REG–116085–23] 

RIN 1545–BR00 

Multi-Year Reporting Requirements for 

Corporate Separations and Related 

Transactions 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of proposed rulemaking. 

SUMMARY: This document contains 

proposed regulations that would require 

multi-year tax reporting for corporate 

separations and related transactions. 

The information to be reported under 

these proposed regulations would 

establish the taxpayer’s position that the 

corporate separation and related 

transactions qualify for nonrecognition 

treatment under subchapter C of the 

Internal Revenue Code. The proposed 

regulations would affect corporations 

and their shareholders and security 

holders. Proposed regulations regarding 

certain matters relating to corporate 

separations, incorporations, and 

reorganizations qualifying for 

nonrecognition of gain or loss are 

published elsewhere in the Proposed 

Rules section of this issue of the Federal 

Register. 

DATES: Written or electronic comments 

and requests for a public hearing must 

be received by March 17, 2025. 

ADDRESSES: Commenters are strongly 

encouraged to submit public comments 

on these proposed regulations and the 

related form and instructions 

electronically via the Federal 

eRulemaking Portal at https://

www.regulations.gov (indicate IRS and 

REG–116085–23) by following the 

online instructions for submitting 

comments. Requests for a public hearing 

must be submitted as prescribed in the 

‘‘Comments and Requests for a Public 

Hearing’’ section. Once submitted to the 

Federal eRulemaking Portal, comments 

cannot be edited or withdrawn. The 

Department of the Treasury (Treasury 

Department) and the IRS will publish 

for public availability any comments to 

the IRS’s public docket. Send paper 

submissions to CC:PA:01:PR (REG– 

116085–23), Room 5203, Internal 

Revenue Service, P.O. Box 7604, Ben 

Franklin Station, Washington, DC 

20044. 

FOR FURTHER INFORMATION CONTACT: 

Concerning the proposed regulations, 

Barrett D. Cappadonna at (202) 317– 

6975 (not a toll-free number); 

concerning submissions of comments 

and requests for a hearing, contact the 

Publications and Regulations branch at 

(202) 317–6901 (not a toll-free number) 

or by email to publichearings@irs.gov 

(preferred). 

SUPPLEMENTARY INFORMATION: 

Authority 

This document contains proposed 

regulations under section 355 of the 

Internal Revenue Code (Code) that 

would amend the Income Tax 

Regulations (26 CFR part 1) by 

substantially revising the information 

reporting requirements of § 1.355–5 

(proposed regulations). The proposed 

regulations are issued under the express 

delegation of section 7805(a) of the 

Code, which authorizes the Secretary to 

‘‘prescribe all needful rules and 

regulations for the enforcement of [the 

Code], including all rules and 

regulations as may be necessary by 

reason of any alteration of law in 

relation to internal revenue.’’ 

Background 

I. Overview of Section 355 

Section 355(a)(1) provides that, if 

certain requirements are met, a 

distribution of stock, or stock and 

securities, of one or more controlled 

corporations by a distributing 

corporation to the distributing 

corporation’s shareholders, or to the 

distributing corporation’s shareholders 

and security holders, may be received 

by the distributees without the 

distributees recognizing gain or loss or 

including any amount in income 

(section 355 transaction). Section 355(c) 

generally provides that no gain or loss 

is recognized to a distributing 

corporation upon a distribution of 

qualified property that is not in 

pursuance of a plan of reorganization 

(section 355(c) distribution). Section 

355(c)(2)(B) defines ‘‘qualified 

property’’ as any stock or securities in 

a controlled corporation. If, in addition 

to the distribution of qualified property, 

the distributing corporation distributes 

other property in the section 355 

transaction and the fair market value of 

that other property exceeds the 

distributing corporation’s adjusted basis 

in that other property, gain is 

recognized to the distributing 


ddrumheller on DSK120RN23PROD with PROPOSALS1