Limitation on Deduction for Dividends Received From Certain Foreign Corporations and Amounts Eligible for Section 954 Look-Through Exception; Correction

 
CONTENT
Federal Register, Volume 84 Issue 153 (Thursday, August 8, 2019)
[Federal Register Volume 84, Number 153 (Thursday, August 8, 2019)]
[Proposed Rules]
[Pages 38892-38893]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16632]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-106282-18]
RIN 1545-BP35
Limitation on Deduction for Dividends Received From Certain
Foreign Corporations and Amounts Eligible for Section 954 Look-Through
Exception; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to a notice of proposed rulemaking by cross-
reference to temporary regulations.
-----------------------------------------------------------------------
SUMMARY: This document contains a correction to notice of proposed
rulemaking by cross-reference to temporary regulations (REG-106282-18)
that was published in the Federal Register on Tuesday, June 18, 2019.
DATES: Written or electronic comments and requests for a public hearing
for the notice of proposed rulemaking by cross-reference to temporary
regulations at 84 FR 28426, June 18, 2019, are still being accepted and
must be received by September 16, 2019.
ADDRESSES: Send Submissions to CC:PA:LPD:PR (REG-106282-18), Room 5203,
Internal Revenue Service, P.O. Box 7604, Ben Franklin Station,
Washington, DC 20044. Submissions may be hand-delivered Monday through
Friday between the hours of 8 a.m. and 4 p.m. to CC:PA:LPD:PR (REG-
106282-18), Courier's Desk, Internal Revenue Service, 1111 Constitution
Avenue NW, Washington, DC 20224. Alternatively, taxpayers may submit
comments electronically, via the Federal eRulemaking Portal at http://www.regulations.gov (IRS REG-106282-18).
FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations,
Logan M. Kincheloe, (202) 317-6937; concerning submission of comments
and/or requests for a hearing Regina Johnson at (202) 317-6901 (not
toll-free numbers).
SUPPLEMENTARY INFORMATION:
Background
    This correction to the notice of proposed rulemaking (REG-106282-
18) that is the subject of this document is issued under sections 245A,
954, and 6038 of the Internal Revenue Code.
Need for Correction
    As published, the notice of proposed rulemaking by cross-reference
to temporary regulations (REG-106282-18) contains errors that may prove
to be misleading and are in need of clarification.
Correction to Publication
    Accordingly, the notice of proposed rulemaking by cross-reference
to temporary regulations, FR 2019-12441, published at 84 FR 28426, June
18, 2019, is corrected as follows:
0
1. On page 28426, the first column, under the caption SUMMARY, the
third line from the bottom of the last paragraph, the language
``controlled foreign that receive certain'' is corrected to read
``controlled foreign corporations that receive certain''.
0
2. On page 28427, in the first column, under the last line of the
paragraph before the caption Comments and Request Public Hearing
section add the following sections:
III. Unfunded Mandates Reform Act
    The assessment of costs and benefits under the Unfunded Mandated
Reform Act of these proposed regulations are explained in the temporary
regulations under 245A, 954(c)(6), and 6038 published in 84 FR 28398
(June 18, 2019).
IV. Executive Order 13132: Federalism
    The assessment of the federalism implications as required under
Executive Order 13132 of these proposed regulations is explained in the
temporary regulations under sections 245A, 954(c)(6), and 6038
published in 84 FR 28398 (June 18, 2019).
Sec.  1.245A-1  [Corrected]
0
3. On page 28427, second column, the amendatory instruction Par, 2, the
[[Page 38893]]
language ``Reserved sections 1.245A-1 through and Sec.  1.245A-5 are
added to read as follows:'' is corrected to read ``Add and reserve
Sec. Sec.  1.245A-1 through 1.245A-4 and add Sec.  1.245A-5 to read as
follows: ''.
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2019-16632 Filed 8-7-19; 8:45 am]
BILLING CODE 4830-01-P