16382 Federal Register / Vol. 60, No. 61 / Thursday, March 30, 1995 / Rules and Regulations

§ 1.482–2 Determination of taxable income

in specific situations.

(a) * * *

(3) * * *

(iv) Fourth, section 482 and

paragraphs (b) through (d) of this

section and §§ 1.482–3 through 1.482–7,

if applicable, may be applied by the

district director to make any appropriate

allocations, other than an interest rate

adjustment, to reflect an arm’s length

transaction based upon the principal

amount of the loan or advance and the

interest rate as adjusted under

paragraph (a)(3) (i), (ii) or (iii) of this

section. For example, assume that two

commonly controlled taxpayers enter

into a deferred payment sale of tangible

property and no interest is provided,

and assume also that section 483 is

applied to treat a portion of the stated

sales price as interest, thereby reducing

the stated sales price. If after this

recharacterization of a portion of the

stated sales price as interest, the

recomputed sales price does not reflect

an arm’s length sales price under the

principles of § 1.482–3, the district

director may make other appropriate

allocations (other than an interest rate

adjustment) to reflect an arm’s length

sales price.

* * * * *

4. On page 35008, column 2, § 1.482–

2 (b)(7)(ii)(C), line 14 from the top of the

column, the language ‘‘subdivision (c).

For purposes of this’’ is corrected to

read ‘‘paragraph (b)(7)(ii)(C). For

purposes of this’’.

5. On page 35008, column 2, § 1.482–

2 (b)(7)(iv), line 7, the language ‘‘For

purposes of this subdivision,’’ is

corrected to read ‘‘For purposes of this

paragraph (b)(7)(iv),’’.

6. On page 35008, column 3, § 1.482–

2 (b)(7)(v), Example 1, the last two lines,

the language ‘‘of X as described in

subdivision (i) of this subparagraph.’’ is

corrected to read ‘‘of X as described in

paragraph (b)(7)(i) of this section.’’.

7. On page 35008, column 3, § 1.482–

2 (b)(7)(v), Example 2, the last two lines,

the language ‘‘activities within the

meaning of subdivision (ii) of this

subparagraph.’’ is corrected to read

‘‘activities within the meaning of

paragraph (b)(7)(ii) of this section.’’.

8. On page 35010, column 1, § 1.482–

2 (b)(7)(v), Example 13, line 6, the

language ‘‘meaning of paragraph (d)(4)

of this section).’’ is corrected to read

‘‘meaning of § 1.482–7T).’’.

§ 1.482–3 [Corrected]

9. On page 35012, column 1, § 1.482–

3 (b)(4), Example 4, lines 20 and 21, the

language ‘‘arms’s length range pursuant

to § 1.482–1(e)(iii)(A). If the effects of

the geographic’’ is corrected to read

‘‘arm’s length range pursuant to § 1.482–

1(e)(2)(iii)(A). If the effects of the

geographic’’.

10. On page 35012, column 1,

§ 1.482–3 (b)(4), Example 4, last line,

the language ‘‘pursuant to § 1.482–

1(e)(iii)(B).’’ is corrected to read

‘‘pursuant to § 1.482–1(e)(2)(iii)(B).’’.

11. On page 35014, column 1,

§ 1.482–3 (c)(4), Example 4, line 1, the

paragraph designation (i) is removed,

and Example 4, line 15, the language ‘‘to

§ 1.482–3(c)(iii)(B), must be made to’’ is

corrected to read ‘‘to § 1.482–

3(c)(3)(iii)(B), must be made to’’.

12. On page 35015, column 1,

§ 1.482–3 (d)(3)(iii)(B), line 6, the

language ‘‘gross profit margin affects the

reliability’’ is corrected to read ‘‘gross

profit markup affects the reliability’’.

§ 1.482–6 [Corrected]

13. On page 35027, column 2,

§ 1.482–6 (c)(3)(ii)(C)(1), line 3, the

language ‘‘paragraph (c)(2)(ii)(C)(1);’’ is

corrected to read ‘‘paragraph

(c)(2)(ii)(C)(1) of this section;’’.

Cynthia E. Grigsby,

Chief, Regulations Unit, Assistant Chief

Counsel (Corporate).

[FR Doc. 95–7858 Filed 3–29–95; 8:45 am]

BILLING CODE 4830–01–P

26 CFR Part 25

[TD 8540]

RIN 1545–AM81

Valuation Tables; Correction

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Correction to final regulations.

SUMMARY: This document contains

corrections to final regulations [TD

8540], which were published in the

Federal Register for Friday, June 10,

1994 (59 FR 30100). The final

regulations relate to the valuation of

annuities, interests for life or terms of

years, and remainder or reversionary

interests.

EFFECTIVE DATE: June 10, 1994.

FOR FURTHER INFORMATION CONTACT:

William L. Blodgett, (202) 622–3090

(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are the

subject of these corrections are under

sections 170, 642, 664, 7520, 2031 and

2512 of the Internal Revenue Code.

Need for Correction

As published, the final regulations

contain errors that are misleading and in

need of correction.

Correction of Publication

Accordingly, the publication of the

final regulations which are the subject

of FR Doc. 94–12294, is corrected as

follows:

§ 25.2523(a)–1 [Corrected]

On page 30103, references

‘‘25.2523(a)–1(d)’’ in column 1, lines 2

through 5 from the bottom of the table,

are corrected as follows:

Section Remove Add

* * * * *

25.2523(a)–1(e)

second sentence .............. * * * * * *

25.2523(a)–1(e)

third sentence * * * * * *

25.2523(a)–1(e)

fourth sentence .............. * * * * * *

25.2523(a)–1(e)

fifth sentence . * * * * * *

* * * * *

Cynthia E. Grigsby,

Chief, Regulations Unit, Assistant Chief

Counsel (Domestic).

[FR Doc. 95–7856 Filed 3–29–95; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF LABOR

Wage and Hour Division

29 CFR Part 825

RIN 1215–AA85

The Family and Medical Leave Act of

1993; Correction

AGENCY: Wage and Hour Division,

Labor.

ACTION: Correction to final regulations.

SUMMARY: This document contains

corrections to the final regulations

implementing the Family and Medical

Leave Act of 1993, 29 CFR part 825,

which were published in the Federal

Register Friday, January 6, 1995 (60 FR

2180).

EFFECTIVE DATE: This correction

document is effective on March 30,

1995.

FOR FURTHER INFORMATION CONTACT:

J. Dean Speer, Division of Policy and

Analysis, Wage and Hour Division,

Employment Standards Administration,

U.S. Department of Labor, Room S–

3506, 200 Constitution Avenue, NW.,
Federal Register / Vol. 60, No. 61 / Thursday, March 30, 1995 / Rules and Regulations 16383

Washington, DC 20210; telephone (202)

219–8412. This is not a toll-free number.

SUPPLEMENTARY INFORMATION:

Background

Final regulations implementing the

Family and Medical Leave Act of 1993

(FMLA), 29 U.S.C. 2601 et seq., were

published in the Federal Register on

January 6, 1995. On February 3, 1995,

the effective date of the final regulations

was deferred from February 6, 1995,

until April 6, 1995 (see 60 FR 6658). As

published on January 6, the final

regulations contain errors which may

prove to be misleading and are in need

of clarification. In some instances, crossreferences and citations of sections of

the regulations contain inadvertent

errors and should be corrected as set

forth below.

Correction

In rule document 94–32342 beginning

on page 2180 in the issue of Friday,

January 6, 1995, make the following

corrections:

§ 825.100 [Corrected]

1. On page 2238, in the third column,

in § 825.100(a), in the eighteenth line,

the citation in the parentheses is

corrected to read ‘‘see § 825.306(b)(4)’’.

§ 825.110 [Corrected]

2. On page 2242, in the second

column, in § 825.110(c), in the thirtysecond line, the reference to

‘‘§ 825.500(e)’’ is corrected to read

‘‘§ 825.500(f).’’

§ 825.111 [Corrected]

3. On page 2243, in the second

column, in § 825.111(c), the last

sentence of that section is corrected to

read ‘‘See § 825.105(c).’’

§ 825.202 [Corrected]

4. On page 2247, in the first column,

in § 825.202(c), in the sixteenth line,

‘‘for a child or parent with’’ is corrected

to read ‘‘for a child with’’.

§ 825.207 [Corrected]

5. On page 2249, in the first column,

in § 825.207(d)(2), the second sentence

is corrected to read, ‘‘If the employer

designates the leave as FMLA leave in

accordance with § 825.208, the

employee’s FMLA 12-week leave

entitlement may run concurrently with

a workers’ compensation absence when

the injury is one that meets the criteria

for a serious health condition.’’.

§ 825.208 [Corrected]

6. On page 2250, in the third column,

in § 825.208(e)(1), the second sentence

is corrected to read, ‘‘If leave is taken for

an FMLA reason but the employer was

not aware of the reason, and the

employee desires that the leave be

counted as FMLA leave, the employee

must notify the employer within two

business days of returning to work of

the reason for the leave.’’.

§ 825.209 [Corrected]

7. On page 2251, in the second

column, in § 825.209(e), the last

sentence of that section is corrected to

read ‘‘See § 825.212(c).’’

§ 825.210 [Corrected]

8. On page 2252, in the first column,

in § 825.210(f), the last sentence of that

section is corrected to read ‘‘See

paragraph (c) of this section and

§ 825.207(d)(2).’’

§ 825.214 [Corrected]

9. On page 2253, in the second

column, in § 825.214(a), the last

sentence of that section is corrected to

read ‘‘See also § 825.106(e) for the

obligations of joint employers.’’

§ 825.301 [Corrected]

10. On page 2256, in the third

column, in § 825.301(b)(1)(v), in the last

sentence of that section, the citation in

the parentheses is corrected to read

‘‘(see § 825.310);’’.

§ 825.307 [Corrected]

11. On page 2259, in the third

column, in § 825.307(a)(2), the last

sentence of that section is corrected to

read ‘‘See also paragraphs (e) and (f) of

this section.’’

§ 825.310 [Corrected]

12. On page 2261, in the first column,

in § 825.310(f), in the sixth line,

‘‘paragraph (c) of this section’’ is

corrected to read ‘‘paragraph (e) of this

section’’.

§ 825.312 [Corrected]

13. On page 2261, in the second

column, in § 825.312(b), in the eighth

line, the citations in the parentheses are

corrected to read ‘‘§§ 825.305 and

825.311’’.

§ 825.312 [Corrected]

14. On page 2261, in the third

column, in § 825.312(c), the last

sentence of that section in parentheses

is corrected to read ‘‘(See §§ 825.310

and 825.311.)’’.

§ 825.312 [Corrected]

15. On page 2262, in the first column,

in § 825.312(f), in the last sentence of

that section, the citation in parentheses

is corrected to read ‘‘§ 825.219’’.

§ 825.500 [Corrected]

16. On page 2263, in the first column,

in § 825.500(c)(4), in the seventh line,

the citation in parentheses is corrected

to read ‘‘§ 825.310(b)’’.

§ 825.500 [Corrected]

17. On page 2263, in the second

column, at the end of § 825.500(g)(3),

add, ‘‘(Approved by the Office of

Management and Budget under control

number 1215–0181.)’’.

§ 825.702 [Corrected]

18. On page 2266, in the second

column, in § 825.702(d)(2), in the

twenty-sixth line, the citation is

corrected to read ‘‘§ 825.207(d)(2)’’.

§ 825.800 [Corrected]

19. On page 2269, in the first column,

in the second full paragraph numbered

‘‘(3)’’ in the definition of Serious health

condition, in the ninth line, after

‘‘stomach,’’ insert ‘‘minor’’.

Appendix A to Part 825—[Corrected]

20. On page 2269, in the third

column, in the ninth entry of that

column in Appendix A entitled

‘‘COBRA,’’ the third citation is corrected

to read ‘‘825.213(e).’’

Signed in Washington, DC, this 10th day of

March, 1995.

Maria Echaveste,

Administrator, Wage and Hour Division.

[FR Doc. 95–7808 Filed 3–29–95; 8:45 am]

BILLING CODE 4510–27–M

DEPARTMENT OF THE INTERIOR

Bureau of Land Management

43 CFR Public Land Order 7126

[CA–930–1430–01; CACA 29698]

Withdrawal of Public Land for the

Coachella Division, All-American Canal

System; California

AGENCY: Bureau of Land Management,

Interior.

ACTION: Public land order.

SUMMARY: This order withdraws 359.19

acres of public land from surface entry

and mining for a period of 20 years for

the operation and maintenance of the

Bureau of Reclamation’s Coachella

Division of the All-American Canal

System. The land has been and will

remain open to mineral leasing and the

Materials Act of 1947.

EFFECTIVE DATE: March 30, 1995.

FOR FURTHER INFORMATION CONTACT:

Duane Marti, BLM California State

Office, 2800 Cottage Way, Sacramento,

California 95825; 916–979–2858.

By virtue of the authority vested in

the Secretary of the Interior by section