20766 Federal Register / Vol. 61, No. 90 / Wednesday, May 8, 1996 / Proposed Rules

Regulatory Impact

The regulations proposed herein

would not have substantial direct effects

on the States, on the relationship

between the national government and

the States, or on the distribution of

power and responsibilities among the

various levels of government. Therefore,

in accordance with Executive Order

12612, it is determined that this

proposal would not have sufficient

federalism implications to warrant the

preparation of a Federalism Assessment.

For the reasons discussed above, I

certify that this proposed regulation (1)

is not a ‘‘significant regulatory action’’

under Executive Order 12866; (2) is not

a ‘‘significant rule’’ under the DOT

Regulatory Policies and Procedures (44

FR 11034, February 26, 1979); and (3) if

promulgated, will not have a significant

economic impact, positive or negative,

on a substantial number of small entities

under the criteria of the Regulatory

Flexibility Act. A copy of the draft

regulatory evaluation prepared for this

action is contained in the Rules Docket.

A copy of it may be obtained by

contacting the Rules Docket at the

location provided under the caption

ADDRESSES.

List of Subjects in 14 CFR Part 39

Air transportation, Aircraft, Aviation

safety, Safety.

The Proposed Amendment

Accordingly, pursuant to the

authority delegated to me by the

Administrator, the Federal Aviation

Administration proposes to amend part

39 of the Federal Aviation Regulations

(14 CFR part 39) as follows:

PART 39—AIRWORTHINESS

DIRECTIVES

1. The authority citation for part 39

continues to read as follows:

Authority: 49 USC 106(g), 40113, 44701.

§ 39.13 [Amended]

2. Section 39.13 is amended by

adding the following new airworthiness

directive:

Gulfstream: Docket 96–NM–90–AD

Applicability: All Model G–1159 (G–II), G–

1159A (G–III), and G–1159B (G–IIB) series

airplanes; certificated in any category.

Note 1: This AD applies to each airplane

identified in the preceding applicability

provision, regardless of whether it has been

modified, altered, or repaired in the area

subject to the requirements of this AD. For

airplanes that have been modified, altered, or

repaired so that the performance of the

requirements of this AD is affected, the

owner/operator must request approval for an

alternative method of compliance in

accordance with paragraph (c) of this AD.

The request should include an assessment of

the effect of the modification, alteration, or

repair on the unsafe condition addressed by

this AD; and, if the unsafe condition has not

been eliminated, the request should include

specific proposed actions to address it.

Compliance: Required as indicated, unless

accomplished previously.

To prevent stress corrosion cracking at BL

0 to 19 of the lower wing planks, which

could result in structural failure of the wing

under certain load conditions, accomplish

the following:

(a) Within 9 months after the effective date

of this AD, perform radiographic and nondestructive test (NDT) inspections to detect

cracking and/or corrosion at various

locations of the wings as specified in the

Accomplishment Instructions of Gulfstream

GIII Customer Bulletin No. 128, dated August

4, 1994; Gulfstream IIB Customer Bulletin

No. 413, dated August 4, 1994; or Gulfstream

II Customer Bulletin No. 412, dated August

4, 1994; as applicable.

Note 2: Inspections accomplished prior to

the effective date of this AD in accordance

with the following applicable Gulfstream

documents, are considered acceptable for

compliance with paragraph (a) of this AD.

• GII Maintenance Manual Interim

Revision 48–3, dated April 27, 1992;

• GII Maintenance Manual Interim

Revision 15–3, dated April 27, 1992; or

• GII Maintenance Manual Interim

Revision 32–3, dated April 27, 1992

(b) If any crack and/or corrosion is found

during any inspection required by paragraph

(a) of this AD, prior to further flight, modify

the cracked and/or corroded parts of the

wings as specified in the Modification

Instructions of Gulfstream III Aircraft Service

Change No. 301; Gulfstream IIB Aircraft

Service Change No. 491; or Gulfstream II

Aircraft Service Change No. 490; all dated

February 15, 1996; as applicable.

Note 3: Modifications accomplished prior

to the effective date of this AD in accordance

with the following applicable Gulfstream

documents, are considered acceptable for

compliance with paragraph (b) of this AD.

• Gulfstream III Aircraft Service Change

No. 244 (not dated), as revised by Gulfstream

III Aircraft Service Change No. 244 AM 1,

dated March 30, 1992;

• Gulfstream IIB Aircraft Service Change

No. 447, dated March 16, 1992, as revised by

Gulfstream IIB Aircraft Service Change No.

447 AM 1, dated March 30, 1992; or

• Gulfstream II Aircraft Service Change

No. 439 (not dated), as revised by Gulfstream

II Aircraft Service Change No. 439 AM 1,

dated March 30, 1992

(c) An alternative method of compliance or

adjustment of the compliance time that

provides an acceptable level of safety may be

used if approved by the Manager, Atlanta

Aircraft Certification Office (ACO), FAA,

Small Airplane Directorate. Operators shall

submit their requests through an appropriate

FAA Principal Maintenance Inspector, who

may add comments and then send it to the

Manager, Atlanta ACO.

Note 4: Information concerning the

existence of approved alternative methods of

compliance with this AD, if any, may be

obtained from the Atlanta ACO.

(d) Special flight permits may be issued in

accordance with sections 21.197 and 21.199

of the Federal Aviation Regulations (14 CFR

21.197 and 21.199) to operate the airplane to

a location where the requirements of this AD

can be accomplished.

Issued in Renton, Washington, on May 2,

1996.

Darrell M. Pederson,

Acting Manager, Transport Airplane

Directorate, Aircraft Certification Service.

[FR Doc. 96–11442 Filed 5–7–96; 8:45 am]

BILLING CODE 4910–13–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[EE–106–82]

RIN 1545–AE45

Loans to Plan Participants; Hearing

AGENCY: Internal Revenue Service,

Treasury.

ACTION: Notice of public hearing on

proposed rulemaking.

SUMMARY: This document provides

notice of a public hearing on proposed

regulations relating to loans made from

a qualified employer plan to plan

participants or beneficiaries.

DATES: The public hearing will be held

on Friday, June 28, 1996, beginning at

10 a.m. Requests to speak and outlines

or oral comments must be received by

Friday, June 7, 1996.

ADDRESSES: The public hearing will be

held in the Internal Revenue Service

Auditorium, Seventh Floor, 7400

Corridor, Internal Revenue Building,

1111 Constitution Avenue NW.,

Washington, DC. Requests to speak and

outlines of oral comments should be

mailed to the Internal Revenue Service,

P.O. Box 7604, Ben Franklin Station,

Attn: CC:DOM:CORP:R [EE 106–82],

room 5226, Washington, DC 20044.

FOR FURTHER INFORMATION CONTACT:

Christina Vasquez of Regulations Unit,

Assistant Chief Counsel (Corporate),

(202) 622–6803 (not a toll-free number).

SUPPLEMENTARY INFORMATION: The

subject of the public hearing is proposed

amendments to the Income Tax

Regulations under section 72 of the

Internal Revenue Code of 1986. The

proposed regulations appeared in the

Federal Register for Thursday,

December 21, 1995 (60 FR 66233).

The rules of § 601.601(a)(3) of the

‘‘Statement of Procedural Rules’’ (26

CFR Part 601) shall apply with respect

to the public hearing. Persons who have

submitted written comments within the
Federal Register / Vol. 61, No. 90 / Wednesday, May 8, 1996 / Proposed Rules 20767

time prescribed in the notice of

proposed rulemaking and who also

desire to present oral comments at the

hearing on the proposed regulations

should submit not later than Friday,

June 7, 1996, an outline of the oral

comments/testimony to be presented at

the hearing and the time they wish to

devote to each subject.

Each speaker (or group of speakers

representing a single entity) will be

limited to 10 minutes for an oral

presentation exclusive of the time

consumed by the questions from the

panel for the government and answer

thereto.

Because of controlled access

restrictions, attenders cannot be

admitted beyond the lobby of the

Internal Revenue Building until 9:45

a.m.

An agenda showing the scheduling of

the speakers will be made after outlines

are received from the persons testifying.

Copies of the agenda will be available

free of charge at the hearing.

Cynthia E. Grigsby,

Chief, Regulations Unit, Assistant Chief

Counsel (Corporate).

[FR Doc. 96–11410 Filed 5–7–96; 8:45 am]

BILLING CODE 4830–01–U

26 CFR Parts 1, 32 and 35a

[IL–52–86]

RIN 1545–AL99

Income Taxes; Information and Backup

Withholding; Hearing

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice of public hearing on

proposed rulemaking.

SUMMARY: This document provides

notice of a public hearing on proposed

regulations relating, in part, to

information reporting and backup

withholding under the Interest and

Dividend Tax Compliance Act of 1983,

as well as, incorporate changes to the

applicable tax law made by the Interest

and Dividend Tax Compliance Act of

1983, the Tax Reform Act of 1984, and

the Tax Reform Act of 1986.

DATES: The public hearing will be held

on Wednesday, July 24, 1996, beginning

at 10 a.m. Requests to speak and

outlines of oral comments must be

received by Wednesday, July 3, 1996.

ADDRESSES: The public hearing will be

held in the Auditorium of the Internal

Revenue Building, 1111 Constitution

Avenue, NW., Washington, DC 20044.

Requests to speak and outlines of oral

comments should be mailed to the

Internal Revenue Service, P.O. Box

7604, Ben Franklin Station, Attn:

CC:DOM:CORP:R [IL–52–86], Room

5228, Washington, DC 20044.

FOR FURTHER INFORMATION CONTACT:

Evangelista Lee of the Regulations Unit,

Assistant Chief Counsel (Corporate),

(202) 622–7190 (not a toll-free number).

SUPPLEMENTARY INFORMATION: The

subject of the public hearing is proposed

amendments to the Income Tax

Regulations under sections 3406, 6041

through 6049, and 6050A of the Internal

Revenue Code. The proposed

regulations appeared in the Federal

Register on Monday, February 29, 1988

(53 FR 5991).

The rules of § 601.601(a)(3) of the

‘‘Statement of Procedural Rules’’ (26

CFR Part 601) shall apply with respect

to the public hearing. Persons who have

submitted written comments within the

time prescribed in the notice of

proposed rulemaking and who also

desire to present oral comments at the

hearing on the proposed regulations

should submit not later than

Wednesday, July 3, 1996, an outline of

the oral comments/testimony to be

presented at the hearing and the time

they wish to devote to each subject.

Each speaker (or group of speakers

representing a single entity) will be

limited to 10 minutes for an oral

presentation exclusive of the time

consumed by the questions from the

panel for the government and answer

thereto.

Because of controlled access

restrictions, attenders cannot be

admitted beyond the lobby of the

Internal Revenue Building until 9:45

a.m.

An agenda showing the scheduling of

the speakers will be made after outlines

are received from the persons testifying.

Copies of the agenda will be available

free of charge at the hearing.

Cynthia E. Grigsby,

Chief, Regulations Unit, Assistant Chief

Counsel (Corporate).

[FR Doc. 96–11409 Filed 5–7–96; 8:45 am]

BILLING CODE 4830–01–U

26 CFR Part 31

[EE–55–95; EE–142–87]

RIN 1545–AT99; 1545–AF97

FUTA Taxation of Amounts Under

Employee Benefits Plans; FICA

Taxation of Amounts Under Employee

Benefits Plans; Hearing

AGENCY: Internal Revenue Service,

Treasury.

ACTION: Notice of public hearing on

proposed regulations.

SUMMARY: This document provides

notice of a public hearing on proposed

Income Tax Regulations relating to

when amounts deferred under or paid

from certain nonqualified deferred

compensation plans are taken into

account as ‘‘wages’’ for purposes of the

employment taxes imposed by the

Federal Unemployment Tax Act and the

Federal Insurance Contributions Act.

DATES: The public hearing will be held

on Monday, June 24, 1996, beginning at

10:00 a.m. Requests to speak and

outlines of oral comments must be

received by Monday, June 3, 1996.

ADDRESSES: The public hearing will be

held in the Internal Revenue Service

Auditorium, Seventh Floor, 7400

Corridor, Internal Revenue Building,

1111 Constitution Avenue, NW,

Washington, DC. Requests to speak and

outlines of oral comments should be

submitted to the Internal Revenue

Service, P.O. Box 7604, Ben Franklin

Station, Attn: CC:DOM:CORP:R [EE–55–

95]; [EE–142–87] room 5228,

Washington, DC 20044.

FOR FURTHER INFORMATION CONTACT:

Mike Slaughter of the Regulations Unit,

Assistant Chief Counsel (Corporate),

(202) 622–7190, (not a toll-free number).

SUPPLEMENTARY INFORMATION: The

subject of the public hearing is proposed

amendments to the Income Tax

Regulations under sections 3306 and

3121 of the Internal Revenue Code of

1986. These proposed regulations

appeared in the Federal Register for

Thursday, January 25, 1996 (61 FR 2194;

2214).

The rules of § 601.601 (a)(3) of the

‘‘Statement of Procedural Rules’’ (26

CFR part 601) shall apply with respect

to the public hearing. Persons who have

submitted written comments within the

time prescribed in the notice of

proposed rulemaking and who also

desire to present oral comments at the

hearing on the proposed regulations

should submit not later than Monday,

June 3, 1996, an outline of the oral

comments/testimony to be presented at

the hearing and the time they wish to

devote to each subject.

Each speaker (or group of speakers

representing a single entity) will be

limited to 10 minutes for an oral

presentation exclusive of the time

consumed by the questions from the

panel for the government and answers

to these questions.

Because of controlled access

restrictions, attendees cannot be

admitted beyond the lobby of the

Internal Revenue Building until 9:45

a.m.

An agenda showing the scheduling of

the speakers will be made after outlines