Income taxes: Hearing cancellation,

[Federal Register: September 15, 1999 (Volume 64, Number 178)]

[Proposed Rules]

[Page 50026]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr15se99-34]

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-106004-98]

RIN 1545-AW71

Guidance Under Section 355(d); Recognition of Gain on Certain Distributions of Stock or Securities; Hearing Cancellation

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Cancellation of notice of public hearing on proposed rulemaking.

SUMMARY: This document provides notice of cancellation of a public hearing on proposed regulations relating to recognition of gain on certain distributions of stock or securities of a controlled corporation, which would affect corporations and their shareholders.

DATES: The public hearing originally scheduled for Tuesday, September 21, 1999, at 10 a.m., is canceled.

FOR FURTHER INFORMATION CONTACT: Guy Traynor of the Regulations Unit, Assistant Chief Counsel (Corporate), (202) 622-7180 (not a toll-free number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and/or notice of public hearing that appeared in the Federal Register on May 3, 1999, (64 FR 23554), announced that a public hearing was scheduled for September 21, 1999, at 10 a.m., room 2615, Internal Revenue Building, 1111 Constitution Avenue, NW., Washington, DC 20224. The subject of the public hearing is proposed regulations under section 355 of the Internal Revenue Code. The public comment period for these proposed regulations expired on August 2, 1999.

The notice of proposed rulemaking and/or notice of public hearing, instructed those interested in testifying at the public hearing to submit a request to speak and an outline of the topics to be addressed. As of September 3, 1999, no one has requested to speak. Therefore, the public hearing scheduled for September 21, 1999, is canceled. Cynthia E. Grigsby, Chief, Regulations Unit, Assistant Chief Counsel (Corporate).

[FR Doc. 99-23988Filed9-14-99; 8:45 am]

BILLING CODE 4830-01-P