Federal Register / Vol. 61, No. 114 / Wednesday, June 12, 1996 / Rules and Regulations 29653

U.S. nationality. In these three classes of

cases, intent to retain U.S. citizenship

will be presumed. A person who

affirmatively asserts to a consular

officer, after he or she has committed a

potentially expatriating act, that it was

his or her intent to relinquish U.S.

citizenship will lose his or her U.S.

citizenship. In other loss of nationality

cases, the consular officer will ascertain

whether or not there is evidence of

intent to relinquish U.S. nationality.

(b) Whenever a person admits that he

or she had the intent to relinquish

citizenship by the voluntary and

intentional performance of one of the

acts specified in Section 349(a) of the

Immigration and Nationality Act, and

the person consents to the execution of

an affidavit to that effect, the diplomatic

or consular officer shall attach such

affidavit to the certificate of loss of

nationality.

* * * * *

§ 50.42 [Removed]

5. Section 50.42 is removed.

6. Section 50.50 is amended by

revising the first sentence to read as

follows:

§ 50.50 Renunciation of nationality.

(a) A person desiring to renounce U.S.

nationality under section 349(a)(5) of

the Immigration and Nationality Act

shall appear before a diplomatic or

consular officer of the United States in

the manner and form prescribed by the

Department. * * *

§ 50.51 [Removed]

7. Section 50.51 is removed.

§ 50.52 [Redesignated as § 50.51]

8. Section 50.52 is redesignated as

§ 50.51.

§§ 50.20 and 50.40 [Amended]

9. Sections 50.20(a), 50.20(a)(2),

50.40(b) and 50.40(d) are amended by

removing the words ‘‘his’’ and ‘‘he’’ as

applicable, and adding the words listed

below:

Section Add

50.20(a)(1) ................ ‘‘a’’.

50.20(a)(2) ................ ‘‘the person’s’’.

50.40(d) ..................... ‘‘the person’’.

Dated: April 30, 1996.

Mary A. Ryan,

Assistant Secretary for Consular Affairs.

[FR Doc. 96–13402 Filed 6–11–96; 8:45 am]

BILLING CODE 4710–06–M

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 26, 301, and 602

[TD 8644]

RIN 1545–AJ11; 1545–AL75; 1545–AO89

Generation-Skipping Transfer Tax;

Correction

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Correction to final regulations.

SUMMARY: This document contains

corrections to final regulations [TD

8644] which were published in the

Federal Register for Wednesday,

December 27, 1995 (60 FR 66898). The

final regulations relate to generationskipping transfer tax.

EFFECTIVE DATE: December 27, 1995.

FOR FURTHER INFORMATION CONTACT: Jim

Hogan (202) 622–3090 (not a toll-free

number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are subject

to these corrections are under chapter

13 of the Internal Revenue Code.

Need for Correction

As published, the final regulations

[TD 8644] contain errors that are in need

of clarification.

Correction of Publication

Accordingly, the publication of final

regulations which are the subject of FR

Doc. 95–30873 is corrected as follows:

1. On page 66899, column 1, in the

preamble under the paragraph heading

‘‘Uniform Statutory Rule Against

Perpetuities’’, line 13, the language

‘‘alienation of a interest in property for

a’’ is corrected to read ‘‘alienation of an

interest in property for a’’.

2. On page 66902, column 1, in the

preamble under the paragraph heading

‘‘Division of a Single Trust Into Separate

Trusts’’, paragraph 3, line 3 from the

bottom, the language ‘‘for under the

original trusts. Thus, a’’ is corrected to

read ‘‘for under the original trust. Thus,

a’’.

§ 26.2601–1 [Corrected]

2a. On page 66907, column 2,

§ 26.2601–1, paragraph (b)(1)(v)(D),

Example 2, eighth line from the bottom

of the paragraph, the language, ‘‘of the

first addition), $200,000 (.2÷’’ is

corrected to read ‘‘of the first addition),

$200,000 (.2×’’.

3. On page 66907, column 2,

§ 26.2601–1, paragraph (b)(1)(v)(D),

Example 4, eighth line from the bottom

of the column, the language ‘‘GGC, for

life. Upon GGC’s death the’’ is corrected

to read ‘‘GGC, for life. Upon GGC’s

death, the’’.

4. On page 66907, column 3,

§ 26.2601–1, paragraph (b)(1)(v)(D),

Example 5, line 3, the language

‘‘Assume the same facts as in Example

3,’’ is corrected to read ‘‘Assume the

same facts as in Example 4,’’.

5. On page 66909, column 2,

§ 26.2601–1, paragraphs (b)(3)(iii)

introductory text, (b)(3)(iii)(A),

(b)(3)(iii)(A)(1), (b)(3)(iii)(A)(2),

(b)(3)(iii)(B), (b)(3)(iii)(C) are correctly

designated (b)(3)(iii)(A) introductory

text, (b)(3)(iii)(A)(1), (b)(3)(iii)(A)(1)(i),

(b)(3)(iii)(A)(1)(ii), (b)(3)(iii)(A)(2), and

(b)(3)(iii)(A)(3), respectively.

6. On page 66909, column 2,

§ 26.2601–1, newly designated

paragraph (b)(3)(iii)(A)(3) is corrected

and paragraph (b)(3)(iii)(B) is added to

read as follows:

§ 26.2601–1 Effective dates.

* * * * *

(b) * * *

(3) * * *

(iii) * * *

(A) * * *

(3) Any judgement or decree relating

to the decedent’s incompetency that was

made after October 22, 1986.

(B) Such items in paragraphs (b)(3)(iii)

(A), (B), and (C) of this section will be

considered relevant, but not

determinative, in establishing the

decedent’s state of competency.

7. On page 66909, column 3,

§ 26.2601–1, paragraph (b)(4)(i), line 5,

the language ‘‘rules in paragraph (b) (2)

or (3) of this’’ is corrected to read ‘‘rules

in paragraph (b) (1), (2) or (3) of this’’.

8. On page 66910, column 2,

§ 26.2601–1, paragraph (c), line 5 from

the top of the column, the language ‘‘on

or after [December 27, 1995].’’ is

corrected to read ‘‘on or after December

27, 1995.’’.

§ 26.2612–1 [Corrected]

9. On page 66910, column 3,

§ 26.2612–1, paragraph (a)(2)(ii), lines 5

and 6, the language ‘‘the transferor

would be assigned to a lower generation

by reason of that’’ is corrected to read

‘‘the lineal descendant would be

assigned to a higher generation by

reason of that’’.

10. On page 66910, column 3,

§ 26.2612–1, paragraph (b)(1)(i), last 3

lines are corrected by removing the

language ‘‘(i.e., a new transferor is

determined with respect to the

property)’’.
29654 Federal Register / Vol. 61, No. 114 / Wednesday, June 12, 1996 / Rules and Regulations

§ 26.2632–1 [Corrected]

11. On page 66914, column 3,

§ 26.2632–1, paragraph (d)(1), line 3

from the top of the column, the language

‘‘706 or Form 706NA and is effective as’’

is corrected to read ‘‘706, Form 706NA

or Form 709 (filed on or before the due

date of the transferor’s estate tax return)

and is effective as’’.

§ 26.2642–2 [Corrected]

12. On page 66916, column 2,

§ 26.2642–2, paragraph (b)(3)(ii)(B), line

6, the language ‘‘date of death and the

date of’’ is corrected to read ‘‘valuation

date and the date of’’.

§ 26.2642–4 [Corrected]

13. On page 66917, column 3,

§ 26.2642–4, paragraph (a)(3), lines 5

through 9 from the top of the column,

the language ‘‘not allocated to the trust,

the applicable fraction immediately

before death is not changed, if the trust

was not subject to an ETIP at the time

GST exemption was allocated to the

trust. The denominator’’ is corrected to

read ‘‘not allocated to the trust, then,

except as provided in this paragraph

(a)(3), the applicable fraction

immediately before death is not

changed, if the trust was not subject to

an ETIP at the time GST exemption was

allocated to the trust. In any event, the

denominator’’.

14. On page 66918, column 2,

§ 26.2642–4, paragraph (b), paragraph (i)

of Example 5, the last line, the language

‘‘is .50 (1¥($100,000/$200,000 = .50)’’

is corrected to read ‘‘is .50

(1¥($100,000/$200,000))’’.

§ 26.2652–1 [Corrected]

15. On page 66918, column 3,

§ 26.2652–1, paragraph (a)(2), line 2, the

language ‘‘or gift tax. For purposes of

this section,’’ is corrected to read ‘‘or gift

tax. For purposes of this chapter,’’.

16. On page 66919, column 1,

§ 26.2652–1, paragraph (a)(2), line 3

from the top of the column, the language

‘‘2501(a). A transfer is subject to

Federal’’ is corrected to read ‘‘2501(a)

(without regard to exemptions,

exclusions, deductions, and credits). A

transfer is subject to Federal’’.

17. On page 66919, columns 1 and 2,

§ 26.2652–1, paragraph (a)(6) Example

1, last two lines in column 1 and first

line in column 2, the language ‘‘benefit

of T’s grandchild. The transfer is a

completed gift under § 25.2511–2 of this

chapter. Thus, for purposes of chapter

13, T’’ is corrected to read ‘‘benefit of

T’s grandchild. The transfer is subject to

Federal gift tax because a gift tax is

imposed under section 2501(a) (without

regard to exemptions, exclusions,

deductions, and credits). Thus, for

purposes of chapter 13, T’’.

18. On page 66919, column 2,

§ 26.2652–1, paragraph (a)(6), Example

5, lines 13 and 14, the language

‘‘transfer by T is a completed transfer

within the meaning of § 25.2511–2 of

this chapter’’ is corrected to read

‘‘transfer by T is subject to Federal gift

tax because a gift tax is imposed under

section 2501(a) (without regard to

exemptions, exclusions, deductions,

and credits)’’.

§ 26.2654–1 [Corrected]

19. On page 66921, column 2,

§ 26.2654–1, paragraph (a)(1)(ii)(A), last

line, the language ‘‘person; or’’ is

corrected to read ‘‘person; and’’.

20. On page 66922, column 2,

§ 26.2654–1, paragraph (a)(5), Example

6, line 10 from the top of the column,

the language ‘‘contribution is 3⁄4

((2⁄3×$180,000) +’’ is corrected to read

‘‘contribution is 3⁄4 (((2⁄3×$180,000) +’’.

21. On page 66922, column 2,

§ 26.2654–1, paragraph (a)(5), Example

8, line 4 from the bottom of the

paragraph, the language ‘‘same if, the

trust instrument provided that’’ is

corrected to read ‘‘same if the trust

instrument provided that’’.

22. On page 66922, column 2,

§ 26.2654–1, paragraph (b)(1)(ii)(A),

lines 1 and 2, the language ‘‘(A) The

terms of each of the new trusts provide

for the same succession of’’ is corrected

to read ‘‘(A) The terms of the new trusts

provide in the aggregate for the same

succession of’’.

23. On page 66922, column 3,

§ 26.2654–1, paragraph (b)(1)(ii)(C)(1),

line 2 from the bottom of the paragraph,

the language ‘‘measured from the date of

death to the’’ is corrected to read

‘‘measured from the valuation date to

the’’.

§ 26.2662–1 [Corrected]

24. On page 66923, column 3,

§ 26.2662–1, paragraph (c)(2)(vi),

Example 1, line 6, the language ‘‘T’s

grandchild GC, was named the sole’’ is

corrected to read ‘‘T’s grandchild, GC,

was named the sole’’.

§ 26.2663–2 [Corrected]

25. On page 66925, column 1,

§ 26.2663–2, paragraph (c)(2), the last

line, the language ‘‘the trust).’’ is

corrected to read ‘‘the trust)).’’.

26. On page 66925, column 2,

§ 26.2663–2, paragraph (d), Example 3,

line 8 from the bottom of the paragraph,

the language ‘‘Generation-Skipping

Transfer) Tax return’’ is corrected to

read ‘‘Generation-Skipping Transfer)

Tax Return’’.

27. On page 66925, column 3,

§ 26.2663–2, paragraph (e), line 11, the

language ‘‘prescribed in section 2632(c).

Thus, an’’ is corrected to read

‘‘prescribed in section 2632(c). Thus, a’’.

Cynthia E. Grigsby,

Chief, Regulations Unit, Assistant Chief

Counsel (Corporate).

[FR Doc. 96–14863 Filed 6–11–96; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 117

[CGD07–95–057]

RIN 2115–AE47

Drawbridge Operation Regulations;

Atlantic Intracoastal Waterway, FL

AGENCY: Coast Guard, DOT.

ACTION: Final rule.

SUMMARY: The Coast Guard is changing

the regulations governing the operation

of the NASA Railroad bridge, mile

876.6, at Kennedy Space Center, by

removing the authorization for

automatic operation and returning the

draw to manual operation. This action

will accommodate the needs of railroad

traffic and still provide for the

reasonable needs of navigation.

EFFECTIVE DATE: July 29, 1996.

ADDRESSES: Documents are available for

inspection or copying at U.S. Coast

Guard Seventh District, Office of Aids to

Navigation, 909 S.E. 1st Avenue, Miami,

Florida 33131 between 8 a.m. and 4

p.m. EDT, Monday through Friday,

except Federal holidays.

FOR FURTHER INFORMATION CONTACT:

Mr. Walt Paskowsky, Project Manager,

Bridge Section, (305) 536–4103.

SUPPLEMENTARY INFORMATION:

Regulatory History

On February 22, 1996, the Coast

Guard published a notice of proposed

rulemaking entitled Drawbridge

Operation Regulations, Atlantic

Intracoastal Waterway, FL in the

Federal Register (61 FR 6803). The

comment period ended on April 22,

1996. The Coast Guard received no

comments on the proposal. A public

hearing was not requested and one was

not held.

Background and Purpose

The draw of the NASA railroad

bridge, mile 876.6 at Kennedy Space

Center was placed in automatic remote

controlled operation by the Florida East

Coast Railroad when it was put into

service in February 1964. Under remote