Source: http://www.regulations.gov/?_escaped_fragment_=documentDetail;D=IRS-2014-0025-0002
Timestamp: 2016-07-31 09:43:51
Document Index: 697264113

Matched Legal Cases: ['art 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', 'art 1']

[REG-104579-13]
SummaryIn the Rules and Regulations section of this issue of theFederal Register, the IRS is issuing final and temporary regulations under section 36B of the Internal Revenue Code (Code) relating to the health insurance premium tax credit. The regulations provide guidance to individuals who enroll in qualified health plans through Affordable Insurance Exchanges (Exchanges) and claim the premium tax credit, and Exchanges that make qualified health plans available to individuals and employers. The text of those temporary regulations also serves as the text of these proposed regulations.
DatesComments and requests for a public hearing must be received by October 27, 2014.
AddressesSend submissions to: CC:PA:LPD:PR (REG-104579-13), Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. Taxpayers also may submit comments electronically via the Federal eRulemaking Portal at www.regulations.gov (IRS REG-104579-13).
For Further Information ContactConcerning the proposed regulations, Arvind Ravichandran, (202) 317-4718; concerning submission of comments or to request a hearing, Oluwafunmilayo Taylor, (202) 317-6901 (not toll-free numbers).
Supplementary InformationBackground and Explanation of ProvisionsFinal and temporary regulations in the Rules and Regulations section of this issue of theFederal Registeramend the Income Tax Regulations (26 CFR Part 1) relating to section 36B and section 162(l) of the Code. The final and temporary regulations provide guidance for individuals who enroll in qualified health plans through Affordable Insurance Exchanges (Exchanges) and claim the premium tax credit, and Exchanges that make qualified health plans available to individuals and employers. The text of those temporary regulations also serves as the text of these proposed regulations. The preamble to the final and temporary regulations explains the amendments.Proposed Effective DateThese regulations are proposed to apply for taxable years ending after December 31, 2013. See§ 1.36B-1(o). Taxpayers must apply the final and temporary regulations until publication of final regulations.Special AnalysesIt has been determined that this notice of proposed rulemaking is not a significant regulatory action as defined in Executive Order 12866. Therefore, a regulatory assessment is not required. It also has been determined that section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to these regulations, and because the regulations do not impose a collection of information on small entities, the Regulatory Flexibility Act (5 U.S.C. chapter 6) does not apply. Pursuant to section 7805(f) of the Code, this regulation has been submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on its impact on small business.Comments and Requests for a Public HearingBefore these proposed regulations are adopted as final regulations, consideration will be given to any comments that are submitted timely to the IRS as prescribed in this preamble underADDRESSESheading. The IRS and the Treasury Department request comments on all aspects of the proposed rules. All comments will be available at www.regulations.gov or upon request. A public hearing will be scheduled if requested in writing by any person that timely submits written comments. If a public hearing is scheduled, notice of the date, time, and place for the public hearing will be published in theFederal Register.Drafting InformationThe principal authors of these regulations are Arvind Ravichandran, Shareen Pflanz and Steve Toomey of the Office of Associate Chief Counsel (Income Tax & Accounting). However, other personnel from the IRS and the Treasury Department participated in their development.
Par. 2.Section 1.36B-2 is amended by revising paragraphs (b)(2) and (c)(3)(v)(C), and adding paragraph (d) to read as follows:
(2) [The text of the proposed amendment to § 1.36B-2(b)(2) is the same as the text of § 1.36B-2T(b)(2) published elsewhere in this issue of theFederal Register].
(C) [The text of the proposed amendment to § 1.36B-2(c)(3)(v)(C) is the same as the text of § 1.36B-2T(c)(3)(v)(C) published elsewhere in this issue of theFederal Register].
(d) [The text of the proposed amendment to § 1.36B-2(d) is the same as the text of § 1.36B-2T(d) published elsewhere in this issue of theFederal Register].
Par. 3.Section 1.36B-3 is amended by revising paragraph (g)(1) and adding paragraph (m) to read as follows:
(1) [The text of the proposed amendment to § 1.36B-3(g)(1) is the same as the text of § 1.36B-3T(g)(1) published elsewhere in this issue of theFederal Register].
(m) [The text of the proposed amendment to § 1.36B-3(m) is the same as the text of § 1.36B-3T(m) published elsewhere in this issue of theFederal Register].
Par. 4.Section 1.36B-4 is amended by:
3. In paragraph (a)(4), revising Example 4 and adding Examples 10, 11, 12, 13, and 14. 4. Revising paragraphs (b)(3) and (b)(4).
(ii) [The text of the proposed amendment to § 1.36B-4(a)(1)(ii) is the same as the text of § 1.36B-4T(a)(1)(ii) published elsewhere in this issue of theFederal Register].
(iii) [The text of the proposed amendment to § 1.36B-4(a)(3)(iii) is the same as the text of § 1.36B-4T(a)(3)(iii) published elsewhere in this issue of theFederal Register].
(4) [The text of the proposed amendment to § 1.36B-4, Example 4, Example 10, Example 11, Example 12, Example 13, and Example 14 of paragraph (a)(4) is the same as the text of § 1.36B-4T(a)(4), Example 4, Example 10, Example 11, Example 12, Example 13, and Example 14 published elsewhere in this issue of theFederal Register].
(3) [The text of the proposed amendment to § 1.36B-4(b)(3) is the same as the text of § 1.36B-4T(b)(3) published elsewhere in this issue of theFederal Register].
(4) [The text of the proposed amendment to § 1.36B-4(b)(4) is the same as the text of § 1.36B-4T(b)(4) published elsewhere in this issue of theFederal Register].
(5) Examples.* * *
[The text of the proposed amendment to § 1.36B-4, Example 9 and Example 10 of paragraph (b)(5) is the same as the text of § 1.36B-4T, Example 9 and Example 10 of paragraph (b)(5) published elsewhere in this issue of theFederal Register].
(c) [The text of the proposed amendment to § 1.36B-4(c) is the same as the text of § 1.36B-4T(c) published elsewhere in this issue of theFederal Register].
Par 5.Section 1.162(l)-1 is added to read as follows:
§ 1.162(l)-1.
[The text of the proposed amendment to § 1.162(l)-1(a) through (c) is the same as the text of § 1.162(l)-1T(a) through (c) published elsewhere in this issue of theFederal Register].
[FR Doc. 2014-17696 Filed 7-24-14; 4:15 pm]BILLING CODE 4830-01-P
Attachments View All (0) View document: No documents available. Attachments View All (0) Comment Now! Comment Period Closed Oct 27 2014, at 11:59 PM ET ID: IRS-2014-0025-0002 Tracking Number: View original printed format: Document Information Date Posted: Jul 28, 2014RIN: 1545-BM23CFR: 26 CFR Part 1Federal Register Number: 2014-17696 Show More Details Submitter Information Comments17 Comments Received* See attached file(s) View Comment The National Partnership for Women & Families is pleased to comment on the final and temporary Rules Regarding the Health Insurance Premium Tax Credit (IRS Reg... View Comment Thank you for the opportunity to provide comments in response to the Temporary and Proposed Rules allowing married persons who experience domestic abuse or... View Comment Docket Information This document is contained in IRS-2014-0025 Related Dockets: NoneRelated RINs: NoneRelated Documents: Health Insurance Premium Tax Credit Related Comments: View all * This count refers to the total comment/submissions received on this document, as of 11:59 PM yesterday. Note: Agencies review all submissions, however some agencies may choose to redact, or withhold, certain submissions (or portions thereof) such as those containing private or proprietary information, inappropriate language, or duplicate/near duplicate examples of a mass-mail campaign. This can result in discrepancies between this count and those displayed when conducting searches on the Public Submission document type. For specific information about an agency’s public submission policy, refer to its website or the Federal Register document. Document text and images courtesy of the Federal Register Home Search Advanced Search Browse By Category Learn About Us eRulemaking Program Media Toolkit Agencies Awards & Recognition Enhancements & Fixes Resources Site Data Regulatory Agenda Agency Reports Required by Statute API Overview Developers Help How to use Regulations.gov FAQs Glossary Connect With Contact Us Privacy and Security Notice User Notice Accessibility Statement Partner Sites We the People Federal Register Reginfo Congress.gov USA.gov E-Gov Opengov Participate Today!