11950 Federal Register / Vol. 60, No. 42 / Friday, March 3, 1995 / Proposed Rules

against any consenting owner that is a

party to an enforcement proceeding.

(b) Provided that all applicable

evidentiary requirements are satisfied:

(1) Information collected by a

voluntary fishery data collector may be

introduced in an enforcement

proceeding by any party except the

Secretary;

(2) If information is introduced

pursuant to paragraph (b)(1) of this

section, all information collected by a

voluntary fishery data collector may be

introduced by any other party,

including the Secretary.

(c) Independent evidence derived

from information collected by a

voluntary fishery data collector may be

introduced by any party, including the

Secretary, in an enforcement

proceeding.

§ 905.5 Exceptions.

The provisions of this part shall not

apply in any enforcement proceeding

against a consenting owner that alleges

the actual or attempted:

(a) Assault, intimidation, or

harassment (including sexual

harassment) of any person; or

(b) Impairment or interference with

the duties of a voluntary fishery data

collector.

[FR Doc. 95–5221 Filed 3–2–95; 8:45 am]

BILLING CODE 3510–22–F

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[IA–57–94]

RIN 1545–AT06

Cash Reporting by Court Clerks;

Hearing Cancellation

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Cancellation of notice of public

hearing on proposed regulations.

SUMMARY: This document provides

notice of cancellation of a public

hearing on proposed regulations relating

to the information reporting

requirements of court clerks upon

receipt of more than $10,000 in cash as

bail for any individual charged with a

specified criminal offense.

DATES: The public hearing originally

scheduled for Monday, March 13, 1995,

beginning at 10 a.m. is cancelled.

FOR FURTHER INFORMATION CONTACT:

Carol Savage of the Regulations Unit,

Assistant Chief Counsel (Corporate),

(202) 622–8452 (not a toll-free number).

SUPPLEMENTARY INFORMATION: The

subject of the public hearing is proposed

regulations under section 6050I of the

Internal Revenue Code of 1986. A notice

of proposed rulemaking and public

hearing appearing in the Federal

Register for Thursday, December 15,

1994 (59 FR 64635), announced that the

public hearing on the proposed

regulations would be held on Monday,

March 13, 1995, beginning at 10 a.m., in

the Internal Revenue Service

Auditorium, Seventh Floor, 7400

Corridor, Internal Revenue Service

Building, 1111 Constitution Avenue,

N.W., Washington, D.C.

The public hearing scheduled for

Monday, March 13, 1995, is cancelled.

Cynthia E. Grigsby,

Chief, Regulations Unit, Assistant Chief

Counsel (Corporate).

[FR Doc. 95–5198 Filed 3–2–95; 8:45 am]

BILLING CODE 4830–01–P

26 CFR Part 1

[INTL–933–86]

RIN 1545–AL98

Computation of Foreign Taxes Deemed

Paid Under Section 902 Pursuant to a

Pooling Mechanism for Undistributed

Earnings and Foreign Taxes;

Correction

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Correction to notice of proposed

rulemaking.

SUMMARY: This document contains

corrections to the notice of proposed

rulemaking [INTL–933–86] which was

published in the Federal Register for

Friday, January 6, 1995 (60 FR 2049).

The proposed regulations relate to the

computation of foreign taxes deemed

paid by a domestic corporate

shareholder owning at least 10 percent

of the voting stock of the foreign

corporation.

FOR FURTHER INFORMATION CONTACT:

Caren S. Shein (202) 622–3850, or

Kristine K. Schlaman (202) 622–3840

(not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

The proposed regulations that are the

subject of these corrections are under

section 902 of the Internal Revenue

Code.

Need for Correction

As published, the notice of proposed

rulemaking [INTL–933–86] contains

typographical errors that are in need of

correction.

Correction of Publication

Accordingly, the publication of the

notice of proposed rulemaking which is

the subject of FR Doc. 95–173, is

corrected as follows:

On pages 2056 and 2058, § 1.902–1 is

corrected by removing the formulas in

paragraphs (b)(2)(i), (b)(2)(ii) and

(d)(2)(i) and adding correctly revised

formulas at the end of paragraphs (b)(1),

(b)(2)(i), (b)(2)(ii) and (d)(2)(i) to read as

follows:

§ 1.902–1 Credit for domestic corporate

shareholder of a foreign corporation for

foreign income taxes paid by the foreign

corporation.

* * * * *

(b) * * * (1) * * *

Foreign income taxes deemed

paid by domestic shareholder

(or upper-tier corporation)

=

Post 1986 foreign income taxes

of first-tier corporation (or

lower-tier corporation)

×

Dividend paid to domestic shareholder (or upper-tier corporation) by first-tier corporation (or lower-tier corporation)

Post-1986 undistributed earnings of first-tier corporation (or

lower-tier corporation)

(2) * * * (i) * * *

Portion of dividend to a shareholder attributable to post-1986

undistributed earnings

= Post-1986 undistributed earnings ×

Dividend to shareholder

Total dividends paid to all shareholders

(ii) * * *