Consolidated Omnibus Budget Reconciliation Act: Semi-annual agenda

 
CONTENT

April 24, 2006 (Volume 71, Number 78)

Unified Agenda

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

DOCID: f:ua060416.wais

Page 23050-23177

Department of the Treasury

Part XVI

Semiannual Regulatory Agenda

Page 23050

DEPARTMENT OF THE TREASURY (TREAS)

DEPARTMENT OF THE TREASURY 31 CFR Subtitle A, Chs. I and II

Semiannual Agenda

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda.

SUMMARY: This notice is given pursuant to the requirements of the

Regulatory Flexibility Act (Pub. L. 96-354, September 19, 1980) and

Executive Order (E.O.) 12866 (``Regulatory Planning and Review,''

September 30, 1993), which require the publication by the Department of a semiannual agenda of regulations.

FOR FURTHER INFORMATION CONTACT: The agency contact identified in the item relating to that regulation.

SUPPLEMENTARY INFORMATION: On November 25, 2002, the President signed the Homeland Security Act of 2002 (the Act), establishing the

Department of Homeland Security (DHS). The Act transferred the United

States Customs Service from the Department of the Treasury to the DHS, where it is now known as the Bureau of Customs and Border Protection.

Notwithstanding the transfer of the Customs Service to DHS, the Act provides that the Secretary of the Treasury retains sole legal authority over the customs revenue functions, and authorizes the

Secretary to delegate any of this retained authority to the Secretary of Homeland Security. By Treasury Department Order No. 100-16, the

Secretary of the Treasury delegated to the Secretary of Homeland

Security authority to prescribe regulations pertaining to the customs revenue functions. This Order further provided that the Secretary of the Treasury retained the sole authority to approve any such regulations concerning import quotas or trade bans; user fees; marking and labeling; copyright and trademark enforcement; and the completion of entry or substance of entry summary, including duty assessment and collection, classification, valuation, application of the U.S.

Harmonized Schedules, eligibility or requirements for preferential trade programs, and the establishment of recordkeeping requirements.

Accordingly, these regulations are listed in the semiannual regulatory agenda of the Departmental Offices of the Department of the Treasury.

Because of continuing limitations in the computer software used to prepare the agenda, the agency information under the heading ``For

Further Information Contact'' for most of these regulations incorrectly indicates the Bureau of Customs and Border Protection contact person is an employee of the Department of the Treasury rather than the

Department of Homeland Security.

The semiannual agenda of the Department of the Treasury conforms to the Unified Agenda format developed by the Regulatory

Information Service Center (RISC).

Dated: March 23, 2006.

Richard S. Carro,

Senior Advisor to the General Counsel for Regulatory Affairs.

Departmental Offices--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2261

Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for

1505-AB10

Insured Losses........................................................................ 2262

19 CFR 111 Remote Location Filing..................................................... 1505-AB20 2263

Uniform Rules of Origin............................................................... 1505-AB49 2264

Revision of Outbound Redelivery Procedures and Liabilities............................ 1505-AB52 2265

19 CFR 101 Centralization of the Continuous Bond Program at the CBP National Finance

1505-AB54

Center................................................................................ 2266

NAFTA: Post-Entry Claims and Merchandise Processing Fee Exemption..................... 1505-AB58 2267

Fees for Certain Services............................................................. 1505-AB62 2268

19 CFR 177 Administrative Rulings and Protests........................................ 1505-AB65 2269

Terrorism Risk Insurance Program; TRIA Extension Act Implementation................... 1505-AB67 2270

19 CFR 12.155 Entry of Certain Cement Products From Mexico Requiring a Commerce

1505-AB68

Department Import License.............................................................

Departmental Offices--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2271

31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations:

1505-AA95

Publication of Economic Sanctions Enforcement Guidelines.............................. 2272

Country-of-Origin Marking............................................................. 1505-AB21 2273

Expanded Methods of Payment of Duties, Taxes, Interest, and Fees...................... 1505-AB22 2274

19 CFR 4 User and Navigation Fees; Other Reimbursable Charges......................... 1505-AB24 2275

19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences.... 1505-AB26 2276

19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin

1505-AB28

Initiative............................................................................ 2277

19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge.. 1505-AB29 2278

19 CFR 12 Dog and Cat Protection Act.................................................. 1505-AB31 2279

19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple

1505-AB34

Conveyances........................................................................... 2280

19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act....... 1505-AB37

Page 23051

2281

Trade Benefits Under the African Growth and Opportunity Act........................... 1505-AB38 2282

19 CFR 24 Fees for Customs Processing at Express Courier Facilities................... 1505-AB39 2283

Trade Benefits Under the Caribbean Basin Economic Recovery Act........................ 1505-AB40 2284

19 CFR 10 United States--Chile Free Trade Agreement................................... 1505-AB47 2285

19 CFR 10 United States--Singapore Free Trade Agreement............................... 1505-AB48 2286

Recordation of Copyrights and Enforcement Procedures To Prevent Importation of

1505-AB51

Piratical Articles.................................................................... 2287

19 CFR 141 Conditional Release Period and Customs Bond Obligations for Food, Drugs,

1505-AB57

Devices, and Cosmetics (Section 610 Review)........................................... 2288

19 CFR 12 Country of Origin of Textile and Apparel Products........................... 1505-AB60 2289

Dominican Republic-Central America-United States Free Trade Agreement................. 1505-AB64 2290

Terrorism Risk Insurance Program; TRIA Extension Act Implementation................... 1505-AB66 2291

Economic Sanctions Enforcement Procedures for Banking Institutions.................... 1505-AB69

Departmental Offices--Long-Term Actions

Regulation

Sequence

Title

Identifier

Number

Number

2292

31 CFR Ch II Possible Regulation of Access to Accounts at Financial Institutions

1505-AA74

Through Payment Service Providers..................................................... 2293

Financial Subsidiaries................................................................ 1505-AA81 2294

12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage...................... 1505-AA84 2295

19 CFR 4 Harbor Maintenance Fee....................................................... 1505-AB11 2296

Donated Cargo Exemption From Harbor Maintenance Fee................................... 1505-AB12 2297

19 CFR 142 Reconciliation............................................................. 1505-AB16 2298

19 CFR 181 North American Free Trade Agreement (NAFTA)--Implementation of Duty-

1505-AB17

Deferral Program Provisions...........................................................

Departmental Offices--Completed Actions

Regulation

Sequence

Title

Identifier

Number

Number

2299

Financial Activities of Financial Subsidiaries........................................ 1505-AA80 2300

12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature....... 1505-AA85 2301

Import Restrictions Imposed on Certain Archaeological and Ethnological Materials From

1505-AB59

Colombia.............................................................................. 2302

Extension of Import Restrictions Imposed on Archaeological Material Originating in

1505-AB63

Italy and Representing the Pre-Classical, Classical, and Imperial Roman Periods.......

Financial Crimes Enforcement Network--Prerule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2303

Customer Identification Programs for Pawn Brokers..................................... 1506-AA39 2304

Provision of Banking Services to Money Services Businesses............................ 1506-AA85

Financial Crimes Enforcement Network--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2305

Customer Identification Programs for Travel Agents.................................... 1506-AA38 2306

Customer Identification Programs for Loan and Finance Companies....................... 1506-AA40 2307

Customer Identification Programs for Sellers of Vehicles.............................. 1506-AA41

Page 23052

2308

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA73

Programs for Loan and Finance Companies............................................... 2309

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA80

Programs for Businesses Engaged in Vehicle Sales, Including Automobiles, Airplane, and

Boat Sales............................................................................ 2310

Amendments to Bank Secrecy Act Regulations--Casino Recordkeeping and Reporting

1506-AA84

Requirements..........................................................................

Financial Crimes Enforcement Network--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2311

31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross- 1506-AA15

Border Transportation of Certain Monetary Instruments................................. 2312

31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the

1506-AA23

Requirement To Report Transactions in Currency........................................ 2313

31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement That

1506-AA25

Nonfinancial Trades or Businesses Report Certain Currency Transactions................ 2314

31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and

1506-AA31

Credit Unions......................................................................... 2315

31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations--Requirement That Mutual

1506-AA37

Funds Report Suspicious Transactions.................................................. 2316

31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru............ 1506-AA43 2317

Financial Crimes Enforcement; Amendments to the Bank Secrecy Act Regulations--

1506-AA61

Nomenclature Changes.................................................................. 2318

Imposition of Special Measures Against the Commercial Bank of Syria as a Financial

1506-AA64

Institution of Primary Money Laundering Concern....................................... 2319

Imposition of Special Measure Against First Merchant Bank OSH Ltd, Incl. Its

1506-AA65

Subsidiaries, FMB Finance Ltd, First Merchant International Inc, First Merchant

Finance Ltd, and First Merchant Trust Ltd............................................. 2320

Imposition of Special Measure Against Infobank as a Financial Institution of Primary

1506-AA67

Money Laundering Concern.............................................................. 2321

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA68

Programs for Mutual Funds............................................................. 2322

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA69

Programs for Travel Agencies.......................................................... 2323

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA71

Programs for Investment Advisors...................................................... 2324

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA72

Programs for Financial Institutions................................................... 2325

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA74

Programs for Money Services Businesses................................................ 2326

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA75

Programs for Commodity Trading Advisors............................................... 2327

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA76

Programs for Operators of a Credit Card System........................................ 2328

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA77

Programs for Unregistered Investment Companies........................................ 2329

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA78

Programs for Dealers in Precious Metals, Stones, or Jewels............................ 2330

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA79

Programs for Persons Involved in Real Estate Closings and Settlements................. 2331

Amendment to the Bank Secrecy Act Regulations-Imposition of Special Measure Against

1506-AA83

Banco Delta Asia SARL.................................................................

Financial Crimes Enforcement Network--Long-Term Actions

Regulation

Sequence

Title

Identifier

Number

Number

2332

31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and

1506-AA19

Recordkeeping Requirements--Money Services Businesses (MSBs)..........................

Page 23053

Financial Crimes Enforcement Network--Completed Actions

Regulation

Sequence

Title

Identifier

Number

Number

2333

31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To

1506-AA08

Assess Civil Money Penalties on Depository Institutions............................... 2334

31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and

1506-AA29

Private Banking Accounts.............................................................. 2335

31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act

1506-AA36

Regulations Requirement That Insurance Companies Report Suspicious Transactions....... 2336

31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering

1506-AA70

Programs for Insurance Companies......................................................

Financial Management Service--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2337

31 CFR 245 Claims on Account of Treasury Checks....................................... 1510-AA51

Financial Management Service--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2338

31 CFR 256 Payments Under Judgment and Private Relief Acts............................ 1510-AA52 2339

31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments........... 1510-AA91 2340

Federal Government Participation in the ACH........................................... 1510-AB00 2341

Payment of Federal Taxes and the Treasury Tax and Loan Program........................ 1510-AB01 2342

Offset of Federal Payments (Other Than Tax Refund and Federal Benefit Payments) To

1510-AB05

Collect Past-Due, Legally Enforceable Nontax Debt-Grant Payments Amendment............ 2343

Federal Process Agents of Surety Companies............................................ 1510-AB08 2344

Administrative Offset and Claims Collection Under Reciprocal Agreements With States... 1510-AB09

Financial Management Service--Completed Actions

Regulation

Sequence

Title

Identifier

Number

Number

2345

Foreign Exchange Operations........................................................... 1510-AB03 2346

Federal Government Participation in the Automated Clearing House...................... 1510-AB04 2347

Withholding of District of Columbia, State, City, and County Income or Employment

1510-AB06

Taxes by Federal Agencies.............................................................

Alcohol and Tobacco Tax and Trade Bureau--Prerule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2348

Proposed Revisions to the Beer Regulations............................................ 1513-AB05 2349

Use of the Word ``Pure'' or Its Variants in the Labeling and Advertising of Alcohol

1513-AB16

Beverages............................................................................. 2350

Use of Various Winemaking Terms on Wine Labels and in Advertisements; Request for

1513-AB24

Public Comment........................................................................ 2351

Use of the Words Scotch Ale or Scottish Ale or Its Variants on Labels or in

1513-AB30

Advertising of Malt Beverage Products; Request for Public Comment.....................

Page 23054

Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2352

Denatured Spirits, Articles, and Nonbeverage Products................................. 1513-AB03 2353

Labeling and Advertising of Wines, Distilled Spirits, and Malt Beverages.............. 1513-AB07 2354

Allergen Ingredient Labeling for Alcohol Beverages.................................... 1513-AB08 2355

Alternating Brewery Proprietors....................................................... 1513-AB09 2356

Petition To Establish the Outer Coastal Plain American Viticultural Area.............. 1513-AB13 2357

Quarterly Excise Tax Filing for Small Alcohol Excise Taxpayers........................ 1513-AB17 2358

Green Valley of Russian River Valley.................................................. 1513-AB18 2359

Lehigh Valley......................................................................... 1513-AB19 2360

Swan Creek............................................................................ 1513-AB20 2361

San Francisco Bay Expansion........................................................... 1513-AB21 2362

Snake River Valley.................................................................... 1513-AB22 2363

Proposed Expansion of the Alexander Valley Viticultural Area.......................... 1513-AB23 2364

Proposed Establishment of the Tulocay Viticultural Area............................... 1513-AB26 2365

Proposed Establishment of the Paso Robles Westside Viticultural Area.................. 1513-AB27 2366

Availability of Information........................................................... 1513-AA98 2367

Firearms and Ammunition Excise Taxes, Consignment Sales of Imported Articles.......... 1513-AB12 2368

27 CFR 252 Exportation of Liquors..................................................... 1513-AA00 2369

27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars..................... 1513-AA16 2370

27 CFR 19, Subpart W Proposed Revisions to the Distilled Spirits Plant Regulations.... 1513-AA23 2371

27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines.............. 1513-AA42 2372

27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural

1513-AA51

Area.................................................................................. 2373

Form TTB F 5110.51, Formula and Process for Domestic and Imported Alcohol Beverages... 1513-AB28 2374

Proposed Modification of Vintage Date Requirements.................................... 1513-AB29

Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2375

New Certification Requirements for Imported Wine...................................... 1513-AB00 2376

Petition To Establish San Antonio Valley as a New American Viticultural Area.......... 1513-AB02 2377

Proposed Change to Vintage Date Requirements.......................................... 1513-AB11 2378

Petition To Establish the Rattlesnake Hills American Viticultural Area................ 1513-AB14 2379

Petition To Establish the Saddle Rock-Malibu American Viticultural Area............... 1513-AB15 2380

Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the

1513-AA80

Homeland Security Act of 2002......................................................... 2381

Firearms Excise Tax; Exemption for Small Manufacturers, Producers, and Importers...... 1513-AB25 2382

27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the

1513-AA10

Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments..... 2383

27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties 1513-AA32 2384

27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area..... 1513-AA41 2385

27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages.............. 1513-AA46 2386

27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area.................... 1513-AA54 2387

27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary Realignment/ 1513-AA55

Expansion............................................................................. 2388

27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural

1513-AA57

Area.................................................................................. 2389

27 CFR 7 Labeling and Advertising of Malt Beverages................................... 1513-AA60 2390

Petition To Establish the ``Fort Ross Seaview'' Viticultural Area..................... 1513-AA64 2391

Petition To Establish the ``Shawnee Hills'' Viticultural Area......................... 1513-AA70 2392

Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco

1513-AA72

Viticultural Area..................................................................... 2393

Proposed Establishment of Alta Mesa Viticultural Area................................. 1513-AA82 2394

Proposed Establishment of the Cosumnes River Viticultural Area........................ 1513-AA83 2395

Proposed Establishment of Sloughhouse Viticultural Area............................... 1513-AA84 2396

Proposed Establishment of Mokelumne River Viticultural Area........................... 1513-AA85 2397

Proposed Establishment of Jahant Viticultural Area.................................... 1513-AA86 2398

Proposed Establishment of Borden Ranch Viticultural Area.............................. 1513-AA87 2399

Proposed Establishment of Clements Hills Viticultural Area............................ 1513-AA88 2400

Proposed Establishment of Tracy Hills Viticultural Area............................... 1513-AA89 2401

Proposed Establishment of Covelo Viticultural Area.................................... 1513-AA90

Page 23055

2402

Petition To Establish ``Calistoga'' as an American Viticultural Area.................. 1513-AA92 2403

Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the 1513-AA96

Treatment of Wine, Juice, and Distilling Material..................................... 2404

Suspension of Special (Occupational) Tax.............................................. 1513-AB04

Alcohol and Tobacco Tax and Trade Bureau--Long-Term Actions

Regulation

Sequence

Title

Identifier

Number

Number

2405

27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled 1513-AA07

Spirits and Wine...................................................................... 2406

Removal of Tobacco Products and Cigarette Papers and Tubes, Without Payment of Tax,

1513-AA99 for Use by the United States in Law Enforcement Activities............................ 2407

27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188.......... 1513-AA05 2408

27 CFR 24.66 Implementation of Public Law 105-34, Section 1416, Relating to Refund of

1513-AA06

Tax for Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer Relief

Act of 1997).......................................................................... 2409

27 CFR 4 Amended Standard of Identity for Sherry...................................... 1513-AA08 2410

27 CFR 17 Tax-Paid Distilled Spirits Used in Manufacturing Products Unfit for Beverage 1513-AA37

Use...................................................................................

Alcohol and Tobacco Tax and Trade Bureau--Completed Actions

Regulation

Sequence

Title

Identifier

Number

Number

2411

Wahluke Slope Viticultural Area....................................................... 1513-AB01 2412

27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and

1513-AA14

Tubes Imported or Brought Into the United States...................................... 2413

27 CFR 44 Regulatory Changes From Customs Service Final Rule.......................... 1513-AA26 2414

27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment

1513-AA27 of Tax................................................................................ 2415

27 CFR 9 Proposed Red Hill Douglas County, Oregon American Viticultural Area.......... 1513-AA39 2416

27 CFR 40 Marks, Labels, Notices, and Bonds for, and Removal of, Tobacco Products, and 1513-AA49

Cigarette Papers and Tubes............................................................ 2417

27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes Without 1513-AA52

Payment of Tax........................................................................ 2418

Petition No. 2 To Expand the Russian River Valley Viticultural Area................... 1513-AA67 2419

Petition To Establish ``Texoma'' as a Viticultural Area............................... 1513-AA77 2420

Ramona Valley Viticultural Area....................................................... 1513-AA94 2421

Dos Rios Viticultural Area............................................................ 1513-AA95 2422

Niagara Escarpment Viticultural Area.................................................. 1513-AA97

Comptroller of the Currency--Prerule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2423

Accuracy and Integrity of Information Furnished to a Consumer Reporting Agency........ 1557-AC89

Comptroller of the Currency--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2424

12 CFR 1 to 5 Regulatory Burden Reduction and Technical Amendments.................... 1557-AC79 2425

Identity Theft Detection, Prevention, and Mitigation Program for Financial

1557-AC87

Institutions and Creditors............................................................ 2426

Implementation of a Revised Basel Capital Accord (Basel II)........................... 1557-AC91

Page 23056

2427

Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance:

1557-AC95

Domestic Capital Modifications........................................................ 2428

Risk-Based Capital Standards: Market Risk............................................. 1557-AC99

Comptroller of the Currency--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2429

Fair Credit Reporting: Affiliate Marketing Regulations................................ 1557-AC88 2430

Assessment of Fees.................................................................... 1557-AC96

Comptroller of the Currency--Long-Term Actions

Regulation

Sequence

Title

Identifier

Number

Number

2431

Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer

1557-AB93

Registration.......................................................................... 2432

Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm- 1557-AC80

Leach-Bliley Act......................................................................

Comptroller of the Currency--Completed Actions

Regulation

Sequence

Title

Identifier

Number

Number

2433

Fair Credit Reporting: Use of Medical Information..................................... 1557-AC85 2434

Securities Borrowing Transactions..................................................... 1557-AC90 2435

12 CFR Part 4 One-Year Post-Employment Restrictions for Senior Examiners.............. 1557-AC94 2436

12 CFR 1-3 District of Columbia-Chartered Banks....................................... 1557-AC97 2437

Securities Offering Disclosure Rules; Nonpublic Offerings............................. 1557-AC98

Internal Revenue Service--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2438

Clarification of Treatment of Separate Limitation Losses.............................. 1545-AM11 2439

Outbound Transfers of Property to Foreign Corporations................................ 1545-AM97 2440

Foreign Insurance Company--Domestic Election.......................................... 1545-AO25 2441

Taxation of Global Trading............................................................ 1545-AP01 2442

Information Reporting and Record Maintenance.......................................... 1545-AP10 2443

Definition of ``Highly Compensated Employee''......................................... 1545-AQ74 2444

Integrated Financial Transaction...................................................... 1545-AR20 2445

Application of Attribution Rules to Foreign Trusts.................................... 1545-AU91 2446

Substantiating Travel Expense Deductions for Members of Congress...................... 1545-AV55 2447

Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and 1545-AX02

Related Foreign Base Company Shipping Income.......................................... 2448

Guidance on Cost Recovery in the Entertainment Industry............................... 1545-AX12 2449

Inspection of Written Determinations.................................................. 1545-AX40 2450

Awarding of Costs and Certain Fees.................................................... 1545-AX46 2451

Highly Compensated Employee........................................................... 1545-AX48 2452

Definition of Passive Foreign Investment Company Under Section 1297................... 1545-AX78 2453

Clarification of Foreign-Based Company Sales Income Rules............................. 1545-AX91 2454

Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding

1545-AY30

Companies (FPHCs)..................................................................... 2455

Dollar-Value LIFO..................................................................... 1545-AY39

Page 23057

2456

Special Rules Relating to Transfers of Intangibles to Foreign Corporations............ 1545-AY41 2457

Previously Taxed Earnings and Profits Under Subpart F................................. 1545-AY54 2458

Liabilities Assumed in Certain Corporate Transactions................................. 1545-AY74 2459

Disclosure of Returns and Return Information in Judicial and Administrative Tax

1545-AY89

Proceedings........................................................................... 2460

Transactions Involving Obligations of Consolidated Group Members...................... 1545-BA11 2461

Deductibility of Employer Contributions for Deferred Compensation..................... 1545-BA13 2462

Suspension of Statutes of Limitation in John Doe and Third-Party Summons Disputes, and 1545-BA31

Expansion of Taxpayers' Rights To Receive Notice and Seek Judicial Review of Third

Party Summonses....................................................................... 2463

Allocation and Apportionment Rules: Guidance on Selected Issues....................... 1545-BA64 2464

Allocation of New Markets Tax Credit.................................................. 1545-BA84 2465

Section 1248 Attribution Principles................................................... 1545-BA93 2466

Guidance To Facilitate Electronic Tax Administration.................................. 1545-BA96 2467

Communications Excise Tax; Taxable Communication Services............................. 1545-BB04 2468

Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year..... 1545-BB27 2469

Application of Separate Limitations to Dividends From Noncontrolled Section 902

1545-BB28

Corporation........................................................................... 2470

Amending the Low-Income Housing Tax Credit Program.................................... 1545-BB37 2471

Substitute Dividend Payments in Securities Lending and Similar Transactions........... 1545-BB56 2472

Loss on Subsidiary Stock.............................................................. 1545-BB61 2473

Liquidation of an Interest............................................................ 1545-BB71 2474

REMIC Residuals--Timing of Income for Foreign Holders................................. 1545-BB84 2475

Dependent Care Credit................................................................. 1545-BB86 2476

General Allocation and Accounting Regulations......................................... 1545-BC07 2477

Utility Allowance Regulation Update................................................... 1545-BC22 2478

Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/ 1545-BC48 or Commodities, Including Foreign Currency Instruments................................ 2479

Stewardship Expenses.................................................................. 1545-BC52 2480

Coordination of United States and Certain Possessions Income Taxes.................... 1545-BC54 2481

Guidance Under Section 2053 Regarding Post-Death Events............................... 1545-BC56 2482

Below-Market Loans.................................................................... 1545-BC78 2483

Regulations Governing the Performance of Actuarial Services Under the Employee

1545-BC82

Retirement Income Security Act of 1974................................................ 2484

Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,

1545-BC93

Department of Commerce................................................................ 2485

Guidance Regarding the Active Trade or Business Requirement Under Section 355(b)...... 1545-BC94 2486

Accumulated Adjustment Account and Other Corporate Separations Under Section 355...... 1545-BC98 2487

Support Test in the Case of a Child of Divorced Parents............................... 1545-BD01 2488

Definition of Qualified Foreign Corporation........................................... 1545-BD15 2489

REMIC Interest-Only Regular Interests................................................. 1545-BD18 2490

Section 42 Qualified Contract Provisions.............................................. 1545-BD20 2491

Payments for Which No Return of Information Is Required Under Section 6041............ 1545-BD21 2492

Definition of Disqualified Person..................................................... 1545-BD28 2493

Transfers of Restricted Stock......................................................... 1545-BD44 2494

Classification of Indian Tribal Corporations.......................................... 1545-BD61 2495

Declaratory Judgment--Gift Tax Value.................................................. 1545-BD67 2496

Regulations Under Section 706 Regarding Determination of Distributive Share When a

1545-BD71

Partner's Interest Changes............................................................ 2497

Shareholder's Basis in Stock of an S Corporation...................................... 1545-BD72 2498

Guidance Under Section 707(c) Regarding Guaranteed Payments........................... 1545-BD74 2499

Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1............. 1545-BD81 2500

Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs...... 1545-BD82 2501

Guidance Regarding Selected Issues Under Section 336(e)............................... 1545-BD84 2502

Definition of the ``Due Date'' for Purposes of Calculating Overpayment Interest Under

1545-BD86

Section 301.6611(h)................................................................... 2503

Reduction of Fuel Excise Tax Evasion.................................................. 1545-BE03 2504

Elimination of Country-by-Country Reporting to Shareholders of Foreign Taxes Paid by

1545-BE09

Regulated Investment Companies........................................................ 2505

Intra-Group Gross Receipts Under Section 41........................................... 1545-BE14 2506

Capitalization of Amounts Paid To Repair or Improve Tangible Property................. 1545-BE18 2507

Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004

1545-BE23

(AJCA)................................................................................ 2508

Section 6011 Regulations.............................................................. 1545-BE24 2509

Section 6111 Regulations.............................................................. 1545-BE26 2510

Section 6112 Regulations.............................................................. 1545-BE28

Page 23058

2511

Tractors, Trailers, Trucks, and Tires................................................. 1545-BE31 2512

Release of Lien or Discharge of Property.............................................. 1545-BE35 2513

Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004

1545-BE39

(AJCA) (Temporary).................................................................... 2514

Definition of Dependent and Other Related Provisions.................................. 1545-BE40 2515

Balanced System for Measuring Organizational and Employee Performance Within the

1545-BE45

Internal Revenue Service.............................................................. 2516

Information Returns Required With Respect to Certain Foreign Corporations and Other

1545-BE47

Conforming Changes.................................................................... 2517

Special Depreciation Allowance--Extended Placed-In-Service Date....................... 1545-BE55 2518

Research Expenditures Resulting in Inventory Property................................. 1545-BE64 2519

Section 401(a)(4) Guidance............................................................ 1545-BE69 2520

Information Reporting on Real Estate Transactions..................................... 1545-BE73 2521

Start-Up and Organizational Expenditures.............................................. 1545-BE77 2522

Foreign Currency Contract Defined (Temporary)......................................... 1545-BE83 2523

Life/Non-Life Tacking Rule............................................................ 1545-BE85 2524

Targeted Populations Under Section 45D(e)(2).......................................... 1545-BE89 2525

Railroad Track Maintenance Credit..................................................... 1545-BE90 2526

S Corporation Guidance Under American Jobs Creation Act of 2004....................... 1545-BE95 2527

Capital Costs Incurred To Comply With EPA Sulfur Regulations.......................... 1545-BE96 2528

Disallowance of Partnership Loss Transfers and Basis Reduction in Stock of a Corporate 1545-BE98

Partner............................................................................... 2529

Section 704(c) and 737 Regulations Update............................................. 1545-BE99 2530

Cafeteria Plans....................................................................... 1545-BF00 2531

Election To Expense Certain Refineries................................................ 1545-BF05 2532

Credit Card Claims.................................................................... 1545-BF07 2533

Nuclear Decommissioning Cost.......................................................... 1545-BF08 2534

Clean Renewable Energy Bonds.......................................................... 1545-BF11 2535

Federal Income Tax Consequences of Transfers Between an Individual Debtor and the

1545-BF13

Bankruptcy Estate in Cases Under Chapters 7 and 11 of Title 11 of the United States

Code.................................................................................. 2536

Rules Under Section 302 of the Katrina Emergency Tax Relief Act of 2005............... 1545-BF14 2537

Revision of Treasury Regulation Section 1.1561-3 To Comply With Commissioner's e-File

1545-BF16

Program and With the Recommendations of TIGTA Report.................................. 2538

Alcohol Fuel and Biodiesel............................................................ 1545-BF17 2539

Credit for Production From Advanced Nuclear Power Facilities.......................... 1545-BF19 2540

Procedures for Administrative Review of a Determination That an Authorized Recipient

1545-BF21

Has Failed To Safeguard Federal Tax Returns or Return Information..................... 2541

Subchapter S Banks.................................................................... 1545-BF24 2542

Revision of Regulations To Comply With Commissioner's e-File Program.................. 1545-BF25 2543

Debt Satisfied by a Partnership Interest.............................................. 1545-BF27 2544

Taxpayer Assistance Orders............................................................ 1545-BF33 2545

Accuracy-Related Penalties............................................................ 1545-BF40

Internal Revenue Service--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2546

Income Tax--Definition of Qualified Possession Source Investment Income for Purposes

1545-AC10 of Puerto Rico and Possession Tax Credit.............................................. 2547

Information From Passport and Immigration Applicants.................................. 1545-AJ93 2548

Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch

1545-AM12

Remittances........................................................................... 2549

Earnings Stripping Payments........................................................... 1545-AO24 2550

Registration Required Obligations..................................................... 1545-AP33 2551

Mark-to-Market Upon Disposition....................................................... 1545-AS85 2552

Recomputation of Life Insurance Reserves.............................................. 1545-AU49 2553

Agreements for Payment of Tax Liabilities in Installments............................. 1545-AU97 2554

Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and

1545-AW06

Commodities........................................................................... 2555

Stocks and Securities Safe Harbor Exception........................................... 1545-AW13 2556

Intercompany Obligations.............................................................. 1545-AW30 2557

Source of Income From Certain Space and Ocean Activities and for Communications Income 1545-AW50 2558

Reporting of Payments to Attorneys.................................................... 1545-AW72

Page 23059

2559

Stock Transfer Rules--Carryover of Earnings and Taxes................................. 1545-AX65 2560

Allocation and Apportionment of Interest Expense and Certain Other Expenses........... 1545-AX72 2561

Capitalization of Interest and Carrying Charges Properly Allocable to Straddles....... 1545-AX92 2562

Authorized Placement Agency........................................................... 1545-AY18 2563

Guidance on Changes to the Laws for Corporate Estimated Taxes......................... 1545-AY22 2564

HIPAA General Nondiscrimination....................................................... 1545-AY32 2565

HIPAA Nondiscrimination Exception for Church Plans.................................... 1545-AY33 2566

HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs..................... 1545-AY34 2567

Allocation of Income and Deductions From Intangibles.................................. 1545-AY38 2568

Election--Asset Acquisitions of Insurance Companies................................... 1545-AY49 2569

Normalization......................................................................... 1545-AY75 2570

Transitional Relief for Qualified Intermediaries...................................... 1545-AY92 2571

Consolidated Returns; Nonapplicability of Section 357(c).............................. 1545-BA09 2572

Reductions of Accruals and Allocations Because of Increased Age....................... 1545-BA10 2573

Amendment to the Definition of Refunding.............................................. 1545-BA46 2574

Noncompensatory Partnership Options................................................... 1545-BA53 2575

Circular 230--Phase 2 Nonshelter Revisions............................................ 1545-BA72 2576

Redemptions Treated as Dividends...................................................... 1545-BA80 2577

Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens.................. 1545-BA86 2578

Allocation of Foreign Tax Credits Among Partners...................................... 1545-BB11 2579

Investigative Disclosures............................................................. 1545-BB16 2580

Toll Telephone Service--Definition.................................................... 1545-BB18 2581

Mixed Use Output Facilities........................................................... 1545-BB23 2582

Section 482: Methods To Determine Taxable Income in Connection With a Cost Sharing

1545-BB26

Arrangement........................................................................... 2583

Treatment of Services Under Section 482............................................... 1545-BB31 2584

Limitation on Use of Nonaccrual Experience Method of Accounting....................... 1545-BB43 2585

Special Depreciation Allowance........................................................ 1545-BB57 2586

Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under

1545-BB64

Section 403(b)........................................................................ 2587

Notional Principal Contracts; Contingent Nonperiodic Payments......................... 1545-BB82 2588

Predecessors or Successors Under Section 355(e)....................................... 1545-BB85 2589

Guidance Regarding Mark-to-Market Valuation for Certain Securities.................... 1545-BB90 2590

Partnership Equity for Services....................................................... 1545-BB92 2591

Accrual for Certain REMIC Regular Interests........................................... 1545-BB94 2592

Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and

1545-BB96

Opportunity for Hearing Upon Filing of Notice of Lien................................. 2593

Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before 1545-BB97

Levy.................................................................................. 2594

Entry of Taxable Fuel................................................................. 1545-BC08 2595

Guidance Necessary To Facilitate Business Electronic Filing........................... 1545-BC15 2596

Changes in Computing Depreciation..................................................... 1545-BC18 2597

Special Consolidated Return Rules for Interest Expense Disallowed Under Section

1545-BC23 265(a)(2)............................................................................. 2598

Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving 1545-BC24

Related Parties, Pass-Through Entities, or Other Intermediaries....................... 2599

Prohibited Allocation of Securities in an S Corporation............................... 1545-BC34 2600

Guidance on PFIC Purging Elections.................................................... 1545-BC37 2601

Qualified Severance Regulations....................................................... 1545-BC50 2602

Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash

1545-BC55 a Designated or Related Summons....................................................... 2603

Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions........ 1545-BC61 2604

Guidance Under Section 707 Regarding Disguised Sales.................................. 1545-BC63 2605

Section 1045 Application to Partnerships.............................................. 1545-BC67 2606

Collection After Assessment........................................................... 1545-BC72 2607

Exclusion of Employees of 501(c)(3) Organizations in 401(k) and 401(m) Plans.......... 1545-BC87 2608

Solid Waste Disposal Facilities....................................................... 1545-BD04 2609

Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue 1545-BD09

Code (Temporary)...................................................................... 2610

Dual Consolidated Loss Regulations.................................................... 1545-BD10 2611

Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind

1545-BD19

Property.............................................................................. 2612

Guidance on Phased Retirement......................................................... 1545-BD23 2613

Requirements for Reorganizations...................................................... 1545-BD31 2614

Coordination of United States and Certain Possessions Income Taxes (Temporary)........ 1545-BD32

Page 23060

2615

Underpayment for Qualified Amended Returns............................................ 1545-BD40 2616

Transfers of Restricted Stock (Temporary)............................................. 1545-BD45 2617

Treatment of Disregarded Entities Under Section 752................................... 1545-BD48 2618

Update of 415 Regulations............................................................. 1545-BD52 2619

Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons;

1545-BD54

Applicability of Section 381.......................................................... 2620

Manufacturer Incentive Payments in an Intercompany Transaction........................ 1545-BD55 2621

Asset Transfers Following Putative Reorganizations.................................... 1545-BD56 2622

Aggregate Computation; Allocation of Research Credit.................................. 1545-BD60 2623

Mandatory e-Filing for Forms 1120..................................................... 1545-BD65 2624

Use of Electronic Technologies for Providing Notices and Transmitting Elections and

1545-BD68

Consents.............................................................................. 2625

Section 704(b)(2) and Substantiality.................................................. 1545-BD70 2626

Special Rules To Reduce Section 1446 Withholding...................................... 1545-BD80 2627

Flat Rate Supplemental Wage Withholding............................................... 1545-BD96 2628

Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis,

1545-BE02

Department of Commerce (Temporary).................................................... 2629

Dye Injection......................................................................... 1545-BE04 2630

Circular 230--Covered Opinion Amendments.............................................. 1545-BE13 2631

Withholding Exemptions................................................................ 1545-BE20 2632

Section 6011 Regulations (Temporary).................................................. 1545-BE25 2633

Section 6111 Regulations (Temporary).................................................. 1545-BE27 2634

Section 6112 Regulations (Temporary).................................................. 1545-BE29 2635

Income Attributable to Domestic Production Activities................................. 1545-BE33 2636

Guidance Under Subpart F Relating to Partnerships..................................... 1545-BE34 2637

Disregarded Entities and Collections.................................................. 1545-BE43 2638

Special Depreciation Allowance-Extended Placed-In-Service Date (Temporary)............ 1545-BE56 2639

Regulations Under Section 263A Regarding Use of Simplified Service Cost Method and

1545-BE57

Simplified Production Method.......................................................... 2640

Limitation on Transfer of Built-In Losses (Temporary)................................. 1545-BE59 2641

Assumption of Liabilities............................................................. 1545-BE67 2642

Dividends Paid Deduction for Stock Held in Employee Stock Ownership Plan.............. 1545-BE74 2643

Deferred Compensation (Proposed)...................................................... 1545-BE79 2644

REMIC Residuals--Foreign Holders (Temporary).......................................... 1545-BE81 2645

Railroad Track Maintenance Credit (Temporary)......................................... 1545-BE91 2646

Guidance Under Section 7874 for Determining Ownership by Former Shareholders or

1545-BE93

Partners of Domestic Entities......................................................... 2647

Capital Costs Incurred To Comply With EPA Sulfur Regulations (Temporary).............. 1545-BE97 2648

Designated Roth Accounts Under Section 402A........................................... 1545-BF04 2649

Election To Expense Certain Refineries (Temporary).................................... 1545-BF06 2650

Nuclear Decommissioning Costs (Temporary)............................................. 1545-BF09 2651

Charitable Contributions of Certain Motor Vehicles.................................... 1545-BF10 2652

Clean Renewable Energy Bonds (Temporary).............................................. 1545-BF12 2653

Credit for Production From Advanced Nuclear Power Facilities (Temporary).............. 1545-BF20 2654

Revision of Regulation To Comply With the Commissioner's e-File Program (Temporary)... 1545-BF26 2655

Charitable Contributions of Qualified Vehicles (Temporary)............................ 1545-BF29 2656

Intercompany Transactions; Manufacturer Incentive Payments............................ 1545-BF32 2657

Entertainment Expense Disallowance.................................................... 1545-BF34 2658

Section 3121(a)(5)(D) Regulation (Salary Reduction Agreement) (Temporary)............. 1545-BF35 2659

Amendment of Statutory Mergers and Consolidations..................................... 1545-BF36 2660

Depreciation of MACRS Property That Is Acquired in a Like-Kind Exchange or as a Result 1545-BF37 of an Involuntary Conversion..........................................................

Page 23061

Internal Revenue Service--Long-Term Actions

Regulation

Sequence

Title

Identifier

Number

Number

2661

Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax

1545-AC09 and Civil Penalties for Failure To File............................................... 2662

FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other

1545-AI16

Special Rules for FSC................................................................. 2663

Foreign Corporations.................................................................. 1545-AK74 2664

Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign

1545-AK79

Investment in Real Property Tax Act................................................... 2665

Income of Foreign Governments and International Organizations......................... 1545-AL93 2666

Earnings and Profits of Controlled Foreign Corporations............................... 1545-AM90 2667

Caribbean Basin Investments........................................................... 1545-AM91 2668

Consolidated Alternative Minimum Tax.................................................. 1545-AN73 2669

Conforming Taxable Years of CFCs and FPHCs............................................ 1545-AO22 2670

Use of GAAP Earnings as E&P of Foreign Corporations................................... 1545-AQ55 2671

Interest-Free Adjustments............................................................. 1545-AQ61 2672

The Treatment of Accelerated Death Benefits........................................... 1545-AQ70 2673

Straddles---Miscellaneous Issues...................................................... 1545-AT46 2674

Allocation of Accrued Benefits Between Employer and Employee Contributions............ 1545-AT82 2675

Foreign Corporations Regulations...................................................... 1545-AT96 2676

Application of Grantor Trust Rules to Nonexempt Employees' Trusts..................... 1545-AU29 2677

Electronic Transmission of Withholding Certificates................................... 1545-AV27 2678

Transportation of Persons and Property by Air......................................... 1545-AW19 2679

Constructive Sales of Appreciated Financial Positions................................. 1545-AW97 2680

Definition of Accounting Method....................................................... 1545-AX21 2681

Modification to Section 367(a) Stock Transfer Regulations............................. 1545-AX77 2682

Special Rules for S Corporations...................................................... 1545-AY44 2683

Payments For Interest in Partnership.................................................. 1545-AY90 2684

Timely Mailing Treatment.............................................................. 1545-BA99 2685

Amendment to Section 6724 Relating to Failure To File Correct Information Returns..... 1545-BB41 2686

Notarization Requirement for Statements of Purchase................................... 1545-BC11 2687

Contingent at Closing Escrows......................................................... 1545-BC16 2688

Substitute for Return (SFR) and Automated Substitute for Return (ASFR)................ 1545-BC45 2689

Definition of Loss for Purposes of the Straddle Rules................................. 1545-BC83 2690

Transactions Involving the Transfer of No Net Equity Value............................ 1545-BC88 2691

Disclosures to Subcontractors......................................................... 1545-BC92 2692

Attained Age of the Insured........................................................... 1545-BD00 2693

HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction With FMLA.. 1545-BD51 2694

Return for Subchapter T Cooperatives.................................................. 1545-BD92 2695

Employer's Annual Federal Employment Tax Return--Form 944............................. 1545-BD93 2696

Return for Subchapter T Cooperatives (Temporary)...................................... 1545-BD98 2697

Application of Section 6404(g) Suspension Provisions.................................. 1545-BE07 2698

Disclosure of Return Information to the Bureau of the Census.......................... 1545-BE08 2699

Information Returns by Donees Relating to Qualified Intellectual Property

1545-BE11

Contributions......................................................................... 2700

Employer Comparable Contributions to Health Savings Accounts Under Section 4980G...... 1545-BE30 2701

Domestic Workers Regulation Update (Application of the Federal Insurance Contributions 1545-BE32

Act to Payments Made for Certain Services)............................................ 2702

Limitation on Transfer of Built-In Losses............................................. 1545-BE58 2703

Simplification of Extension Process Under Section 6081................................ 1545-BE62 2704

Converting an IRA Annuity to a Roth IRA............................................... 1545-BE65 2705

Abandonment of Stock and Other Securities............................................. 1545-BE80 2706

Foreign Currency Contract Defined..................................................... 1545-BE82 2707

Treatment of Excess Loss Accounts..................................................... 1545-BE87 2708

Application of Section 338 to Insurance Companies..................................... 1545-BF02 2709

Failure To Maintain List of Advisees With Respect to Reportable Transactions.......... 1545-BF38 2710

Failure To Maintain List of Advisees With Respect to Reportable Transactions.......... 1545-BF39 2711

Accuracy-Related Penalties............................................................ 1545-BF41

Page 23062

Internal Revenue Service--Completed Actions

Regulation

Sequence

Title

Identifier

Number

Number

2712

Escrow Funds and Other Similar Funds.................................................. 1545-AR82 2713

Definition of Private Activity Bond--Refunding Regulations............................ 1545-AU98 2714

Highway Vehicle--Definition........................................................... 1545-AX10 2715

Normal Retirement Age for Pension Plans............................................... 1545-AY61 2716

Tax Treatment of Cafeteria Plans...................................................... 1545-AY67 2717

Mergers Involving Disregarded Entities................................................ 1545-BA06 2718

Provisions Regarding Cross-Border Transactions........................................ 1545-BA65 2719

Reporting Requirements for Widely Held Fixed Investment Trusts........................ 1545-BA83 2720

Collected Excise Taxes; Duties of Collector........................................... 1545-BB75 2721

Application of Nondiscrimination Cross-Testing Rules To Cash Balance Plans............ 1545-BB79 2722

Determination of Single-Sum Distributions From Cash Balance Plans..................... 1545-BB93 2723

Determination of Basis of Securities Received in Exchange or With Respect to a Stock

1545-BC05 or Securities in Certain Transactions................................................. 2724

Value of Life Insurance When Distributed From a Qualified Retirement Plan............. 1545-BC20 2725

Section 411(d)(6) Protected Benefits.................................................. 1545-BC26 2726

Guidance on PFIC Purging Elections.................................................... 1545-BC49 2727

Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items.... 1545-BC65 2728

Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated

1545-BC74

Group................................................................................. 2729

Determination of Residency in U.S. Possessions........................................ 1545-BC86 2730

Sickness or Accident Disability Payments.............................................. 1545-BC89 2731

Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated

1545-BC95

Group; Computation of Taxable Income When Section 108 Applies to a Member of a

Consolidated Group.................................................................... 2732

Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules..................... 1545-BD07 2733

Current Liability Interest Rate Under Section 412(b)(5)............................... 1545-BD13 2734

Current Liability Interest Rate Under Section 412(b)(5) (Temporary)................... 1545-BD14 2735

Stock Held by Foreign Insurance Companies............................................. 1545-BD27 2736

Guidance on PFIC Purging Elections (Temporary)........................................ 1545-BD33 2737

LIFO Recapture Under Section 1363(d).................................................. 1545-BD34 2738

Clarification of Definitions.......................................................... 1545-BD37 2739

Application of Section 367 in Cross Border Section 304 Transactions; Certain Transfers 1545-BD46 of Stock Involving Foreign Corporations............................................... 2740

Section 951 Pro Rata Rules............................................................ 1545-BD49 2741

Continuity of Interest/Stock Fluctuation.............................................. 1545-BD53 2742

Disabled Access Credit................................................................ 1545-BD69 2743

Guidance Under Section 6501(c)(1) Regulations......................................... 1545-BD73 2744

Guidance Under Section 368 Regarding Mergers With and Into a Foreign Corporation...... 1545-BD76 2745

Classification of Certain Foreign Entities............................................ 1545-BD77 2746

Classification of Certain Foreign Entities (Temporary)................................ 1545-BD78 2747

Section 1374 Effective Dates.......................................................... 1545-BD95 2748

Disclosure of Relative Values of Optional Forms of Benefit............................ 1545-BD97 2749

Employer's Annual Federal Employment Tax Return--Form 944 (Temporary)................. 1545-BE00 2750

Designated Roth Contributions Under Cash or Deferred Arrangements Under Section 401(k) 1545-BE05 2751

Disclosure of Return Information to the Department of Agriculture..................... 1545-BE15 2752

Exclusions From Gross Income of Foreign Corporations.................................. 1545-BE16 2753

Balanced System for Measuring Organizational and Employee Performance Within the

1545-BE46

Internal Revenue Service (Temporary).................................................. 2754

Modifications to the De Minimis Deposit Rule Under Section 6302....................... 1545-BE48 2755

Modification to the De Minimis Deposit Rule Under Section 6302 (Temporary)............ 1545-BE49 2756

Low-Income Housing Credit Allocation and Certification; Revisions..................... 1545-BE50 2757

Application of the Federal Insurance Contributions Act, Federal Unemployment Tax Act,

1545-BE60 and Collection of Income Tax at Source to Statutory Stock Options..................... 2758

Simplification of Extension Process Under Section 6081 (Temporary).................... 1545-BE63 2759

Converting an IRA Annuity to a Roth IRA (Temporary)................................... 1545-BE66 2760

Qualified Severance of a Trust for Generation-Skipping Transfer (GST) Tax Purposes II. 1545-BE70 2761

Special Rule Regarding Certain Section 951 Pro Rata Share Allocations................. 1545-BE71 2762

Guidance Under Section 7874 for Determining Ownership by Former Shareholders or

1545-BE94

Partners of Domestic Entities (Temporary)............................................. 2763

Cafeteria Plans (Temporary)........................................................... 1545-BF01 2764

Guidance Under Subpart F Relating to Partnerships (Temporary)......................... 1545-BF15

Page 23063

2765

Information Reporting Relating to Taxable Stock Transactions.......................... 1545-BF18 2766

Procedures for Administrative Review of a Determination That an Authorized Recipient

1545-BF22 has Failed to Safeguard Federal Tax Returns or Return Information (Temporary)......... 2767

Allocation and Apportionment of Expenses; Alternative Method for Determining Tax Book

1545-BF23

Value of Assets....................................................................... 2768

Agent of the Group Issues Under Section 7874.......................................... 1545-BF30 2769

Agent of the Group Issues Under Section 7874 (Temporary).............................. 1545-BF31

Office of Thrift Supervision--Prerule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2770

Procedures To Enhance the Accuracy and Integrity of Information Furnished to Consumer

1550-AC01

Reporting Agencies Under Section 312 of the Fair and Accurate Credit Transactions Act.

Office of Thrift Supervision--Proposed Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2771

Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord............. 1550-AB56 2772

12 CFR 506 Securities-Related Activities of Savings Associations...................... 1550-AB92 2773

Identity Theft Detection, Prevention, and Mitigation Program for Financial

1550-AB94

Institutions and Creditors............................................................ 2774

Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Maintenance: Domestic

1550-AB98

Capital Modifications................................................................. 2775

12 CFR 544 Federal Savings Association Bylaws; Integrity of Directors................. 1550-AC00 2776

Risk Based Capital--Market Risk Rule.................................................. 1550-AC02

Office of Thrift Supervision--Final Rule Stage

Regulation

Sequence

Title

Identifier

Number

Number

2777

Fair Credit Reporting Affiliate Marketing Regulations................................. 1550-AB90 2778

Supplemental Standards of Ethical Conduct for Employees of the Department of Treasury. 1550-AC03

Office of Thrift Supervision--Long-Term Actions

Regulation

Sequence

Title

Identifier

Number

Number

2779

12 CFR 563e Community Reinvestment Act................................................ 1550-AB48

Office of Thrift Supervision--Completed Actions

Regulation

Sequence

Title

Identifier

Number

Number

2780

Fair Credit Reporting Medical Information Regulations................................. 1550-AB88 2781

Special Rules for Adjudicatory Proceedings for Certain Holding Companies.............. 1550-AB96 2782

12 CFR 507 One-Year Post-Employment Restrictions for Senior Examiners................. 1550-AB99

Page 23064

Department of the Treasury (TREAS)

Proposed Rule Stage

Departmental Offices (DO)

  1. TERRORISM RISK INSURANCE PROGRAM; RECOUPMENTS OF FEDERAL SHARE OF

    COMPENSATION FOR INSURED LOSSES

    Priority: Other Significant

    Legal Authority: 5 USC 301; Terrorism Risk Insurance Act of 2002, Title

    I, PL 107-297, 116 Stat. 2322; Terrorism Risk Insurance Extension Act of 2005, PL 109-144, 119 Stat. 2660

    CFR Citation: 31 CFR 50

    Legal Deadline: None

    Abstract: As the statutorily authorized administrator of the Terrorism

    Risk Insurance Program, Treasury is issuing proposed and final regulations to implement the Program. Under the Terrorism Risk

    Insurance Act of 2002, title I, Public Law 107-297, and the Terrorism

    Risk Insurance Extension Act of 2005, Public Law 109-144, the Federal

    Government shares the risk of insured losses from certified acts of terrorism with commercial property and casualty insurers until the

    Program sunsets on December 31, 2007. This rule incorporates and clarifies statutory requirements for the recoupment of the Federal share of compensation for insured losses. The rule establishes requirements for determining amounts to be recouped and for procedures insurers are to use for collecting terrorism policy surcharges and remitting them to the Treasury.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Howard Leikin, Deputy Director, Department of the

    Treasury, Office of Financial Institutions, Terrorism Risk Insurance

    Program, 1425 New York Avenue NW., Washington, DC 20220

    Phone: 202 622-6770

    Email: howard.leikin@do.treas.gov

    David J. Brummond, Legal Counsel, Department of the Treasury, Terrorism

    Risk Insurance Program, Room 2112, 1425 New York Ave. N.W., Washington,

    DC 20220

    Phone: 202 622-7255

    Email: david.brummond@do.treas.gov

    RIN: 1505-AB10

  2. REMOTE LOCATION FILING

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1484; 19 USC 1624; 19

    USC 1641

    CFR Citation: 19 CFR 111; 19 CFR 113; 19 CFR 141; 19 CFR 143

    Legal Deadline: None

    Abstract: Amendment to allow entry filers to electronically file entries of merchandise with the Bureau of Customs and Border Protection from locations within the United States other than at the port of arrival of the merchandise or the location of examination of the merchandise.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AC23

    Agency Contact: Marla Bianchetta, Operations Officer, Department of the

    Treasury, Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue, NW., Washington, DC 20229

    Phone: 202 344-2693

    RIN: 1505-AB20

  3. UNIFORM RULES OF ORIGIN

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624

    CFR Citation: 19 CFR 102

    Legal Deadline: None

    Abstract: Amendment to set forth uniform rules for determining the country of origin of imported goods.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Daniel Cornette, Attorney, Valuation and Special

    Programs Branch, Department of the Treasury, Office of Regulations and

    Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 572-8731

    RIN: 1505-AB49

  4. REVISION OF OUTBOUND REDELIVERY PROCEDURES AND LIABILITIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1623; 19 USC 1624

    CFR Citation: 19 CFR 113

    Legal Deadline: None

    Abstract: Amendment of the condition in an international carrier bond regarding the unlawful disposition of merchandise in order to allow CBP to better control the exportation of merchandise and to have more control over demands for redelivery. Conditions of the bond would be amended to no longer require the merchandise to be labeled as seized and detained for the principal to be required to obtain permission from

    CBP prior to placing the merchandise on board a conveyance for export or otherwise disposing of the merchandise. Instead of the condition being applicable when CBP labels merchandise, the condition would be applicable when CBP notifies the principal either in writing or electronically that the merchandise has been seized or detained.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Linda Shoupe, Operations Officer, Department of the

    Treasury, Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW, Washington, DC 20229

    Phone: 202 344-3251

    RIN: 1505-AB52

    Page 23065

  5. CENTRALIZATION OF THE CONTINUOUS BOND PROGRAM AT THE CBP NATIONAL

    FINANCE CENTER

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 19 USC 1623

    CFR Citation: 19 CFR 101; 19 CFR 113

    Legal Deadline: None

    Abstract: Amendment to reflect CBP's planned centralization of the continuous bond program at the National Finance Center (NFC). Pursuant to this centralization, all continuous bonds would be filed at the NFC via mail, fax, or in an electronic format. The NFC would assume most of the bond functions previously performed at the port level, with the noted exception that the authority to approve single transaction bonds will remain with port directors. These changes would support CBP's bond program by ensuring an efficient and uniform approach to the approval, maintenance, and periodic review of continuous bonds.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Bruce Ingalls, Chief, Debt Management Branch,

    Department of the Treasury, Office of Finance, 6650 Telecom Drive,

    Suite 100, Indianapolis, IN 46278

    Phone: 317 298-1307

    RIN: 1505-AB54

  6. NAFTA: POST-ENTRY CLAIMS AND MERCHANDISE PROCESSING FEE EXEMPTION

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 3314

    CFR Citation: 19 CFR 181

    Legal Deadline: None

    Abstract: Currently, CBP regulations do not limit the time that an importer has to file a post-entry claim for tariff preference level

    (TPL) treatment under the North American Free Trade Agreement (NAFTA)

    Implementation Act. This amendment would limit the filing of post-entry

    TPL claims to 1 year, the same amount of time allowed for post-entry claims for NAFTA ``originating merchandise.'' This amendment also clarifies that for an importer to claim the exemption of the merchandise processing fee for goods that meet a NAFTA rule of origin even when the goods are unconditionally free, the importer is subject to the same declaration requirement that is established for claiming

    NAFTA duty preference. Lastly, the amendment clarifies that a

    Certificate of Origin is not required for a commercial importation for which the total value of originating goods does not exceed $2,500.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Seth Mazze, CBP Officer, Office of Field Operations,

    Department of the Treasury, Customs and Border Protection, Office of

    Field Operations, 1300 Pennsylvania Avenue, NW, Washington, DC 20229

    Phone: 202 344-2634

    RIN: 1505-AB58

  7. FEES FOR CERTAIN SERVICES

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 19 USC 58c; 19 USC 66; 19 USC 1202; . . .

    CFR Citation: 19 CFR 24

    Legal Deadline: None

    Abstract: Amendment revises the fees charged for certain customs inspectional services under 13031 of the Consolidated Omnibus Budget

    Reconciliation Act of 1985, as amended. Amendments are necessary to reflect recent changes in the pertinent statutory provisions.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Jerry Petty, Director, Cost Management Division,

    Department of the Treasury, Office of Finance, Customs and Border

    Protection, 1300 Pennsylvania Avenue NW, Washington, DC 20229

    Phone: 202 344-1317

    RIN: 1505-AB62

  8. ADMINISTRATIVE RULINGS AND PROTESTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202 (General Note 3(i),

    Harmonized Tariff Schedule of the United States); 19 USC 1502; 19 USC 1624; 19 USC 1625; 19 USC 1514; 19 USC 1515; 19 USC 1448; 19 USC 1484; 19 USC 1501; 19 USC 1520; . . .

    CFR Citation: 19 CFR 177; 19 CFR 174; 19 CFR 173; 19 CFR 142

    Legal Deadline: None

    Abstract: Amendments to implement the administrative rulings process as well as the filing and administrative review of protests against specific decisions of Customs and Border Protection (CBP). Amendments reflect changes to the underlying statutory authority to parts 177 and 174 of title 19 of the CFR made by the Customs Modernization Provisions of the North American Free Trade Agreement (``NAFTA'') Implementation

    Act. Proposed changes to part 174 also reflect statutory amendments made by the Miscellaneous Trade and Technical Corrections Act of 1999 regarding protests against decisions on post-importation NAFTA claims and the time required for allowing or denying an application for further review of a protest. Additional changes to part 174 are proposed to reflect statutory amendments made by the Miscellaneous

    Trade and Technical Corrections Act of 2004 which impact the types of matters that are subject to protest, and extend various protest time limits such as the time to file and amend a protest, the time for a surety to file a protest, and the time to file a request for accelerated disposition of a protest. Other changes proposed serve to modernize, clarify, and enhance current CBP administrative rulings and protest procedures and reflect the nomenclature changes effected by the transfer of CBP to the Department of Homeland Security and the subsequent renaming of the U.S. Customs Service as the Bureau of

    Customs and Border Protection.

    Page 23066

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: William G. Rosoff, Chief, Entry Process and Duty Refund

    Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 572-8807

    Gail Hamill, Chief, Tariff Classification and Marking Branch,

    Department of the Treasury, Office of Regulations and Rulings, 1300

    Pennsylvania Ave, NW., Washington, DC 20229

    Phone: 202 572-8810

    RIN: 1505-AB65

  9. TERRORISM RISK INSURANCE PROGRAM; TRIA

    EXTENSION ACT IMPLEMENTATION

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; Terrorism Risk Insurance Act of 2002, Title

    I, PL 107-297, 116 Stat 2322; Terrorism Risk Insurance Extension Act of 2005, PL 109-144, 119 Stat 2660

    CFR Citation: 31 CFR Part 50

    Legal Deadline: None

    Abstract: The Department of Treasury is issuing this proposed rule as part of its implementation of amendments made to title I of the

    Terrorism Risk Insurance Act of 2002 (TRIA or Act) by the Terrorism

    Risk Insurance Extension Act of 2005 (Extension Act). This proposed rule proposes to adopt by cross reference the text of Treasury's interim final rule (RIN 1505-AB66) addressing changes to the definition of property and casualty insurance, requirements for satisfying the

    Act's mandatory availability provision and the operation of the new

    ``Program Trigger'' limitation for paying federal compensation.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: David J. Brummond, Legal Counsel, Department of the

    Treasury, Terrorism Risk Insurance Program, Room 2112, 1425 New York

    Ave. N.W., Washington, DC 20220

    Phone: 202 622-7255

    Email: david.brummond@do.treas.gov

    Howard Leikin, Deputy Director, Department of the Treasury, Office of

    Financial Institutions, Terrorism Risk Insurance Program, 1425 New York

    Avenue NW., Washington, DC 20220

    Phone: 202 622-6770

    Email: howard.leikin@do.treas.gov

    Related RIN: Duplicate of 1505-AB66

    RIN: 1505-AB67

  10. ENTRY OF CERTAIN CEMENT PRODUCTS FROM MEXICO

    REQUIRING A COMMERCE DEPARTMENT IMPORT LICENSE

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 1673

    CFR Citation: 19 CFR 12.155; 19 CFR 306.201 to 205

    Legal Deadline: None

    Abstract: This document proposes to amend title 19 of the Code of

    Federal Regulations to set forth special requirements for the entry of certain cement products from Mexico requiring a United States

    Department of Commerce import license. The cement products in question are those listed in the Agreement Between the Office of the United

    States Trade Representative, the United States Department of Commerce, and Mexico's Secretaria de Economia on Trade in Cement, dated March 6, 2006. The changes proposed in this document require the inclusion of an import license number on the entry summary documentation filed with

    Customs and Border Protection for any cement product for which the

    United States Department of Commerce requires under its cement licensing and import monitoring program as well as a valid Mexican export license with the entry documentation for cement covered by the

    Agreement on Trade in Cement.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/06/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    URL For More Information: www.ia.ita.doc.gov/download/mexico-cement/cement-final-agreement.pdf

    Agency Contact: Alice Buchanan, Office of Field Operations, Department of the Treasury, 1301 Constitution Avenue NW., Washington, DC 20229

    Phone: 202 344-2697

    RIN: 1505-AB68

    Department of the Treasury (TREAS)

    Final Rule Stage

    Departmental Offices (DO)

  11. REPORTING AND PROCEDURES REGULATIONS; CUBAN ASSETS CONTROL

    REGULATIONS: PUBLICATION OF ECONOMIC SANCTIONS ENFORCEMENT GUIDELINES

    Priority: Substantive, Nonsignificant

    Legal Authority: 21 USC 1901 to 1908; 22 USC 287c; 31 USC 321(b); 50

    USC 1701 to 1706; 50 USC app 1-44

    CFR Citation: 31 CFR 501; 31 CFR 515

    Legal Deadline: None

    Abstract: The Office of Foreign Assets Control (OFAC) of the U.S.

    Department of the Treasury is publishing for public comment an updated version of its internal Economic Sanctions Enforcement Guidelines.

    These Guidelines are being published as separate appendices to two parts of the Code of Federal Regulations: 1) General provisions are being published as an appendix to the Reporting and Procedures

    Regulations, 31 CFR part 501; and 2) specific provisions focusing on

    Cuba are being published as an appendix to the Cuban Assets Control

    Regulations, 31 CFR part 515. To the extent this proposed rule applied to ``banking institutions,'' it is superceded by the interim final rule, `Economic Sanctions Enforcement Procedures for

    Page 23067

    Banking Institutions,' issued by OFAC on January 11, 2006 (71 FR 1971).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/29/03

    68 FR 4422

    NPRM Comment Period End

    03/31/03

    Final Action

    01/00/07

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Chief Of Records, Department of the Treasury, Office of

    Foreign Assets Control, 1500 Pensylvania Avenue NW., Washington, DC 20220

    Phone: 202 622-2530

    Fax: 202 622-1657

    Related RIN: Related to 1505-AB69

    RIN: 1505-AA95

  12. COUNTRY-OF-ORIGIN MARKING

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1304; 19 USC 1624

    CFR Citation: 19 CFR 134

    Legal Deadline: None

    Abstract: Amendments clarify the country-of-origin marking rules set forth in part 134 of the Bureau of Customs and Border Protection

    Regulations. Amendments promote the concept of informed compliance by the trade and proper field administration of the statutory requirement.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/26/00

    65 FR 4193

    NPRM Comment Period End

    04/26/00

    65 FR 17473

    Final Action

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AC32

    Agency Contact: Gail Hamill, Chief, Tariff Classification and Marking

    Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Ave, NW., Washington, DC 20229

    Phone: 202 572-8810

    RIN: 1505-AB21

  13. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 19 USC 197 to 19 USC 198; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 19 USC 1450; 19 USC 1624; 31 USC 9701

    CFR Citation: 19 CFR 24

    Legal Deadline: None

    Abstract: Amendment to expand the number of ways that the Bureau of

    Customs and Border Protection will accept payment of duties, taxes, fees, interest, and other charges. Currently, the regulations allow for credit or charge cards, which have been authorized by the Commissioner of the Bureau of Customs and Border Protection (Commissioner), to be used at designated customs-serviced locations with a limitation that this method of payment may only be used by noncommercial entities.

    Amendment allows credit and charge cards authorized by the Commissioner of CBP to be used for payment of duties, taxes, fees, interest, and other charges not related to formal consumption entries for consumption in United States commerce, warehouse withdrawals or quarterly user fees and by removing the limitation that these methods of payment may only be used for noncommercial entries.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/17/99

    64 FR 13141

    NPRM Comment Period End

    05/17/99

    Final Action

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AC40

    Agency Contact: Linda Lloyd, Financial Officer, Financial Policy

    Division, Department of the Treasury, 1300 Pennsylvania Avenue NW.,

    Washington, DC 20229

    Phone: 202 344-1565

    RIN: 1505-AB22

  14. USER AND NAVIGATION FEES; OTHER REIMBURSABLE CHARGES

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 19 USC 1431; 19 USC 1433; 19 USC 1434; 19 USC 1505; 19 USC 1624; 31 USC 9701; 46 USC 2110 to 2112

    CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 101

    Legal Deadline: None

    Abstract: Amendment regarding the proper assessment of user and navigation fees, as well as other reimbursement charges for customs services performed in connection with, among other things, the processing of vehicles, vessels, aircraft, and merchandise arriving in the United States. The purpose of the amendment is to conform the regulations with the intent of the customs user fee statute and to reflect existing operational policy and administrative practice in this area.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/01/01

    66 FR 21705

    NPRM Comment Period End

    07/02/01

    Final Action

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AC63

    Agency Contact: Peter Flores, Department of the Treasury, Office of

    Field Operations, 1300 Pennsylvania Avenue, NW, Washington, DC 20229

    Phone: 202 344-3127

    RIN: 1505-AB24

  15. AFRICAN GROWTH AND OPPORTUNITY ACT AND GENERALIZED SYSTEM OF

    PREFERENCES

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19

    USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 2461; 19 USC 3314; 19 USC 3721

    CFR Citation: 19 CFR 10; 19 CFR 163

    Legal Deadline: Final, Statutory, October 1, 2000, Public Law 106-200.

    Abstract: Amendments to implement the trade benefit provisions for sub-

    Saharan Africa contained in title I of the Trade and Development Act of 2000. The trade benefits under title I, also referred to as the African

    Growth and Opportunity Act, apply to sub-

    Page 23068

    Saharan African countries designated by the President and involve the extension of duty-free treatment under the Generalized System of

    Preferences (GSP) to nonimport-sensitive, nontextile articles normally excluded from GSP duty-free treatment, and the entry of specific textile and apparel articles free of duty and free of any quantitative limits.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    10/05/00

    65 FR 59668

    Interim Final Rule Effective 10/01/00

    Interim Final Rule Comment

    Period End

    12/04/00

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AC72

    Agency Contact: Cynthia Reese, Senior Attorney, Department of the

    Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue

    NW., Washington, DC 20229

    Phone: 202 572-8810

    RIN: 1505-AB26

  16. UNITED STATES-CARIBBEAN BASIN TRADE PARTNERSHIP ACT AND CARIBBEAN

    BASIN INITIATIVE

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19

    USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 2701; 19 USC 3314

    CFR Citation: 19 CFR 10; 19 CFR 163

    Legal Deadline: Final, Statutory, October 1, 2000, Public Law 106-200.

    Abstract: Amendments to implement the trade benefit provisions for

    Caribbean Basin countries contained in title II of the Trade and

    Development Act of 2000. The trade benefits under title II, also referred to as the United States-Caribbean Basin Trade Partnership Act

    (the CBTPA), apply to Caribbean Basin countries designated by the

    President and involve the entry of specific textile and apparel articles free of duty and free of any quantitative restrictions, limitations, or consultation levels and the extension of NAFTA duty treatment standards to nontextile articles that are excluded from duty- free treatment under the Caribbean Basin Initiative program.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule Effective 10/01/00

    65 FR 59650

    Interim Final Rule

    10/05/00

    65 FR 59650

    Interim Final Rule Comment

    Period End

    12/04/00

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AC76

    Agency Contact: Cynthia Reese, Senior Attorney, Department of the

    Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue

    NW., Washington, DC 20229

    Phone: 202 572-8790

    RIN: 1505-AB28

  17. REIMBURSABLE CUSTOMS INSPECTIONAL SERVICES--INCREASE IN HOURLY

    RATE CHARGE

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 5 USC 6103; 19 USC 58a to 58c; 19 USC 66; 19 USC 261; 19 USC 267; 19 USC 1202; 19 USC 1450 to 1452; 19 USC 1456; 19 USC 1505; 19 USC 1557; 19 USC 1562; 19 USC 1624; 26 USC 4461; 26 USC 4462; 31 USC 9701; 46 USC 2110 to 2112

    CFR Citation: 19 CFR 24; 19 CFR 101

    Legal Deadline: None

    Abstract: Amendment to increase the rate of charge for reimbursable customs inspectional services.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/01/01

    66 FR 8554

    NPRM Comment Period End

    04/02/01

    Second NPRM

    10/09/02

    67 FR 62920

    Second NPRM Comment Period End 12/09/02

    Final Action

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AC77

    Agency Contact: Bruce Ingalls, Chief, Debt Management Branch,

    Department of the Treasury, Office of Finance, 6650 Telecom Drive,

    Suite 100, Indianapolis, IN 46278

    Phone: 317 298-1307

    RIN: 1505-AB29

  18. DOG AND CAT PROTECTION ACT

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1308; 19 USC 1592; 19

    USC 1593a; 19 USC 1624

    CFR Citation: 19 CFR 12; 19 CFR 113; 19 CFR 151; 19 CFR 162

    Legal Deadline: Final, Statutory, August 9, 2001, Public Law 106-476.

    Abstract: Amendment to implement certain provisions of the Dog and Cat

    Protection Act of 2000. The Dog and Cat Protection Act of 2000 prohibits the importation of any products containing dog or cat fur, and provides for civil and criminal penalties for violations of the

    Act. Amendment sets forth the prohibitions on dog and cat fur importations and the penalties for violations. Amendment also implements the provision of the Act pertaining to CBP's certification process of commercial laboratories, both domestic and foreign, that can determine if articles intended to be imported into the United States contain dog or cat fur.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/10/01

    66 FR 42163

    NPRM Comment Period End

    10/09/01

    Final Action

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AC87

    Agency Contact: Alan Cohen, Attorney-Advisor, Penalties Branch,

    Department of the Treasury, Office of Regulations and Rulings, 1300

    Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 572-8742

    Luan Cotter, Operations Officer, Department of the Treasury, Office of

    Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229

    Page 23069

    Phone: 202 344-2874

    Renee Stevens, Science Officer, Department of the Treasury, Office of

    Laboratories and Scientific Services, 1300 Pennsylvania Avenue NW.,

    Washington, DC 20229

    Phone: 703 621-7714

    Jeremy Baskin, Special Assistant, Office of the Assistant Commisisoner,

    Department of the Treasury, Office of Regulations and Rulings, 1300

    Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 572-8753

    RIN: 1505-AB31

  19. SINGLE ENTRY FOR UNASSEMBLED OR DISASSEMBLED ENTITIES IMPORTED ON

    MULTIPLE CONVEYANCES

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624

    CFR Citation: 19 CFR 141; 19 CFR 142

    Legal Deadline: Final, Statutory, May 9, 2001, Public Law 106-476.

    Abstract: Amendment to allow an importer of record, under certain conditions, to submit a single entry to cover multiple portions of a single entity which, due to its size or nature, arrives in the United

    States on separate conveyances. Amendment implements statutory changes made to the merchandise entry laws by the Tariff Suspension and Trade

    Act of 2000.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/08/02

    67 FR 16664

    NPRM Comment Period End

    06/07/02

    Final Action

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AC94

    Agency Contact: Timothy Sushil, Operations Officer, Department of the

    Treasury, Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue, NW., Washington, DC 20229

    Phone: 202 344-2567

    RIN: 1505-AB34

  20. IMPLEMENTATION OF THE ANDEAN TRADE PROMOTION AND DRUG ERADICATION

    ACT

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19

    USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 3203; 19 USC 3314

    CFR Citation: 19 CFR 10; 19 CFR 163

    Legal Deadline: None

    Abstract: Amendment to implement the trade benefit provisions for

    Andean countries contained in title XXXI of the Trade Act of 2002. The trade benefits under title XXXI, also referred to as the Andean Trade

    Promotion and Drug Eradication Act (the ATPDEA), apply to Andean countries specifically designated by the President for ATPDEA purposes.

    The ATPDEA trade benefits involve the entry of specific apparel and other textile articles free of duty and free of any quantitative restrictions, limitations, or consultation levels, the extension of duty-free treatment to specified nontextile articles normally excluded from duty-free treatment under the Andean Trade Preference Act (ATPA) program if the President finds those articles to be not import- sensitive in the context of the ATPDEA, and the entry of certain imports of tuna free of duty and free of any quantitative restrictions.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    03/25/03

    68 FR 14478

    Interim Final Rule Effective 03/25/03

    Interim Final Rule Comment

    Period End

    05/27/03

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AD19

    Agency Contact: Cynthia Reese, Senior Attorney, Department of the

    Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue

    NW., Washington, DC 20229

    Phone: 202 572-8790

    Robert Abels, Operations Officer, Department of the Treasury, Office of

    Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 344-1959

    RIN: 1505-AB37

  21. TRADE BENEFITS UNDER THE AFRICAN GROWTH AND OPPORTUNITY ACT

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19

    USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 3721; 19 USC 3314

    CFR Citation: 19 CFR 10

    Legal Deadline: None

    Abstract: Amendment to those provisions of the Customs and Border

    Protection Regulations that implement the trade benefit provisions for sub-Saharan African countries contained in the African Growth and

    Opportunity Act (the AGOA). Amendments involve the textile and apparel provisions of the AGOA and in part reflect changes to those statutory provisions by section 3108 of the Trade Act of 2002. The specific statutory changes involve the amendment of several provisions to clarify the status of apparel articles assembled from knit-to-shape components, the inclusion of a specific reference to apparel articles formed on seamless knitting machines, a change of the wool fiber diameter specified in one provision, and the addition of a new provision to cover additional production scenarios involving the United

    States and AGOA beneficiary countries.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    03/21/03

    68 FR 13820

    Interim Final Rule Effective 03/21/03

    Interim Final Rule Comment

    Period End

    05/20/03

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AD20

    Agency Contact: Robert Abels, Operations Officer, Department of the

    Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,

    Washington, DC 20229

    Phone: 202 344-1959

    Page 23070

    Cynthia Reese, Senior Attorney, Department of the Treasury, Office of

    Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 572-8790

    RIN: 1505-AB38

  22. FEES FOR CUSTOMS PROCESSING AT EXPRESS COURIER FACILITIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 19 USC 1505; 19 USC 261; 19 USC 267; 19 USC 1450 to 1452; 19 USC 1456; 19 USC 1524; 19 USC 1557; 19 USC 1562; 19 USC 1624; 26 USC 4461; 26 USC 4462; 19 USC 3332; 46 USC 2110 to 2112

    CFR Citation: 19 CFR 24; 19 CFR 113; 19 CFR 128

    Legal Deadline: None

    Abstract: Amendment to implement amendments to the customs user fee statute made by section 337 of the Trade Act of 2002 and section 2004(f) of the Miscellaneous Trade and Technical Corrections Act of 2004. Statutory amendments concern the fees payable for customs services provided in connection with the informal entry or release of shipments at express consignment carrier facilities and centralized hub facilities. Section 2004(f) amends the user fee statute to authorize, for merchandise that is formally entered at these sites, the reimbursement of merchandise processing fees provided for in 19 U.S.C. 58c(a)(9) in addition to the existing reimbursement of $.66 per individual airway bill or bill of lading. The effect of the statutory amendments is to replace the annual lump sum payment procedure with a quarterly payment procedure based on a specific fee for each individual airway bill or bill of lading.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AD21

    Agency Contact: Michael L. Jackson, Operations Officer, Department of the Treasury, Customs and Border Protection, Office of Field

    Operations, 1300 Pennsylvania Avenue NW, Washington, DC 20229

    Phone: 202 344-1196

    RIN: 1505-AB39

  23. TRADE BENEFITS UNDER THE CARIBBEAN BASIN ECONOMIC RECOVERY ACT

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19

    USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 2701; 19 USC 3314

    CFR Citation: 19 CFR 10

    Legal Deadline: None

    Abstract: Amendment to implement the trade benefits for Caribbean Basin countries contained in section 213(b) of the Caribbean Basin Economic

    Recovery Act (the CBERA). Amendments involve the textile and apparel provisions of section 213(b) and in part reflect changes made to those statutory provisions by section 3107 of the Trade Act of 2002. The specific statutory changes involve the amendment of several provisions to clarify the status of apparel articles assembled from knit-to-shape components, the addition of language requiring any dyeing, printing, and finishing of certain fabrics to be done in the United States, the inclusion of exception language in the brassieres provision regarding articles entered under other CBERA apparel provisions, the addition of a provision permitting the dyeing, printing, and finishing of thread in the Caribbean region, and the addition of a new provision to cover additional production scenarios involving the United States and the

    Caribbean region.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    03/21/03

    68 FR 13827

    Interim Final Rule Effective 03/21/03

    Interim Final Rule Comment

    Period End

    05/20/03

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AD22

    Agency Contact: Robert Abels, Operations Officer, Department of the

    Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,

    Washington, DC 20229

    Phone: 202 344-1959

    Cynthia Reese, Senior Attorney, Department of the Treasury, Office of

    Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 572-8790

    RIN: 1505-AB40

  24. UNITED STATES--CHILE FREE TRADE AGREEMENT

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 3805 note; 19 USC 1202; 19 USC 66; 19 USC 1624;

    . . .

    CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 163; . . .

    Legal Deadline: Final, Statutory, January 1, 2005, United States-Chile

    Free Trade Agreement Implementation Act.

    Abstract: Amendment to implement the preferential tariff treatment and other customs-related provisions of the Free Trade Agreement entered into by the United States and the Republic of Chile.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    03/07/05

    70 FR 10868

    Interim Final Rule Comment

    Period End

    06/06/05

    Final Action

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Robert Abels, Operations Officer, Department of the

    Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,

    Washington, DC 20229

    Phone: 202 344-1959

    RIN: 1505-AB47

  25. UNITED STATES--SINGAPORE FREE TRADE AGREEMENT

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 3805 note; 19 USC 1202; 19 USC 66; 19 USC 1624;

    . . .

    Page 23071

    CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 163; . . .

    Legal Deadline: Final, Statutory, January 1, 2005, U.S.-Singapore Free

    Trade Agreement Implementation Act.

    Abstract: Amendment to implement the preferential tariff treatment and other customs-related provisions of the Free Trade Agreement entered into by the United States and the Republic of Singapore.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Robert Abels, Operations Officer, Department of the

    Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,

    Washington, DC 20229

    Phone: 202 344-1959

    RIN: 1505-AB48

  26. RECORDATION OF COPYRIGHTS AND ENFORCEMENT PROCEDURES TO PREVENT

    IMPORTATION OF PIRATICAL ARTICLES

    Priority: Substantive, Nonsignificant

    Legal Authority: 15 USC 1124; 15 USC 1125; 17 USC 101; 17 USC 106; 17

    USC 501; 19 USC 66; 19 USC 1499; 19 USC 1595a; 17 USC 1201(b); 18 USC 2319A; . . .

    CFR Citation: 19 CFR 133

    Legal Deadline: None

    Abstract: This amendment will allow CBP to be more responsive to claims of piracy. Amendment would allow sound recordings and motion pictures or similar audio-visual works to be recorded with CBP while pending registration with the U.S. Copyright Office. Amendment would also enhance the protection of all non-U.S. works by allowing recordation without requiring registration with the U.S. Copyright Office.

    Amendment would also set forth changes to CBP's enforcement procedures, including, among other things, enhanced disclosure provisions, protection for live musical performances and provisions to enforce the

    Digital Millennium Copyright Act.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    10/05/04

    69 FR 59562

    NPRM Comment Period End

    11/04/04

    Final Action

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Paul Pizzeck, Attorney, IPR & Restricted Merchandise

    Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 572-8710

    George F. McCray, Chief, IPR & Restricted Merchandise Branch,

    Department of the Treasury, Office of Regulations and Rulings, 1300

    Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 572-8709

    RIN: 1505-AB51

  27. CONDITIONAL RELEASE PERIOD AND CUSTOMS BOND OBLIGATIONS FOR FOOD,

    DRUGS, DEVICES, AND COSMETICS (SECTION 610 REVIEW)

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1448; 19 USC 1484; 19

    USC 1499; 19 USC 1623; 19 USC 1624; 21 USC 381

    CFR Citation: 19 CFR 141; 19 CFR 151

    Legal Deadline: None

    Abstract: Amendment to provide for a specific conditional release period for any food, drug, device, or cosmetic that has been released under bond and for which admissibility is to be determined under the provisions of the Food, Drug, and Cosmetic Act. Amendment also clarifies the amount of liquidated damages that may be assessed when there is a breach of the terms and conditions of the customs bond.

    Lastly, amendment authorizes any representative of the Food and Drug

    Administration to obtain a sample of any food, drug, device, or cosmetic, the importation of which is governed by section 801 of the

    Food, Drug, and Cosmetic Act, as amended.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/07/02

    67 FR 39322

    NPRM Comment Period End

    08/06/02

    Final Action

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1515-AD05; 1651-AA39.

    Agency Contact: Jeremy Baskin, Special Assistant, Office of the

    Assistant Commisisoner, Department of the Treasury, Office of

    Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 572-8753

    RIN: 1505-AB57

  28. COUNTRY OF ORIGIN OF TEXTILE AND APPAREL PRODUCTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 3314; 19 USC 3592

    CFR Citation: 19 CFR 12; 19 CFR 102; 19 CFR 141; 19 CFR 144; 19 CFR 146; 19 CFR 163

    Legal Deadline: None

    Abstract: Amendment of the CBP regulations to update, restructure and consolidate the regulations relating to the country of origin of textile and apparel products. Amendments reflect changes brought about, in part, by the expiration on January 1, 2005, of the Agreement on

    Textiles and Clothing and the resulting elimination of quotas on the entry of textile and apparel products from World Trade Organization members. The primary regulatory change is the elimination of the requirement that a textile declaration be submitted for all importations of textile and apparel products. In addition, to improve the quality of reporting of the manufacturer of imported textiles and apparel products, the amendments include a requirement that importers identify the manufacturer of such products through a manufacturer identification code.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    10/05/05

    70 FR 58009

    Interim Final Rule Comment

    Period End

    12/05/05

    Final Action

    07/00/06

    Page 23072

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia Reese, Senior Attorney, Department of the

    Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue

    NW., Washington, DC 20229

    Phone: 202 572-8810

    Robert Abels, Operations Officer, Department of the Treasury, Office of

    Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 344-1959

    RIN: 1505-AB60

  29. DOMINICAN REPUBLIC-CENTRAL AMERICA-UNITED

    STATES FREE TRADE AGREEMENT

    Priority: Substantive, Nonsignificant

    Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 4001

    CFR Citation: 19 CFR 10

    Legal Deadline: Final, Statutory, January 1, 2006, PL 109-53.

    Abstract: Amendment of CBP regulations to set forth the conditions and requirements that apply for purposes of submitting requests to CBP for refunds of any excess customs duties paid with respect to entries of textile or apparel goods entitled to retroactive application of preferential tariff treatment under the Dominican Republic-Central

    American-United States Free Trade Agreement.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Robert Abels, Operations Officer, Department of the

    Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW.,

    Washington, DC 20229

    Phone: 202 344-1959

    Cynthia Reese, Senior Attorney, Department of the Treasury, Office of

    Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 572-8810

    RIN: 1505-AB64

  30. TERRORISM RISK INSURANCE PROGRAM; TRIA

    EXTENSION ACT IMPLEMENTATION

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 31 USC 321; Terrorism Risk Insurance Act of 2002, Title I, PL 107-297, 116 Stat 2322; Terrorism Risk Insurance

    Extension Act of 2005, PL 109-144, 119 Stat 2660

    CFR Citation: 31 CFR 50

    Legal Deadline: None

    Abstract: This interim final rule implements amendments to the

    Terrorism Risk Insurance Act of 2002 (TRIA) by the Terrorism Risk

    Insurance Extension Act of 2005 (Extension Act). TRIA established a temporary Terrorism Risk Insurance Program (Program) that was scheduled to expire on December 31, 2005 under which the Federal Government shared the risk of insured losses from certified acts of terrorism with commercial property and casualty insurers. The Extension Act extends the Program through December 31, 2007 and makes other changes to TRIA.

    This interim final rule specifically addresses changes to the types of property and casualty insurance covered by the Act, the requirements to satisfy the Act's mandatory availability (``make available'') provision and the operation of the new ``Program Trigger'' provision in section 103(e) of the Extension Act.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: David J. Brummond, Legal Counsel, Department of the

    Treasury, Terrorism Risk Insurance Program, Room 2112, 1425 New York

    Avenue NW., Washington, DC 20220

    Phone: 202 622-7255

    Email: david.brummond@do.treas.gov

    Howard Leikin, Deputy Director, Department of the Treasury, Office of

    Financial Institutions, Terrorism Risk Insurance Program, 1425 New York

    Avenue NW., Washington, DC 20220

    Phone: 202 622-6770

    Email: howard.leikin@do.treas.gov

    Related RIN: Related to 1505-AB67

    RIN: 1505-AB66

  31. ECONOMIC SANCTIONS ENFORCEMENT PROCEDURES FOR

    BANKING INSTITUTIONS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 18 USC 2332d; 21 USC 1901 to 1908; 22 USC 287c; 22 USC 2370(a); 31 USC 321(b); 50 USC 1701 to 1706; 50 USC app 1-44; PL 101- 410 (28 USC 2461 note); EO 9193; EO 9989; EO 12854

    CFR Citation: 31 CFR 501

    Legal Deadline: None

    Abstract: This interim final rule supercedes the proposed rule issued by the Office of Foreign Assets Control (OFAC) on January 29, 2003 (68

    FR 4422) to the extent that the proposed rule applied to ``banking institutions,'' as defined in the interim final rule. These administrative procedures are published as an appendix to OFAC's

    Reporting, Procedures and Penalties Regulations (31 CFR 501).

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    01/11/06

    71 FR 1971

    Interim Final Rule Comment

    Period End

    03/13/06

    Final Rule

    01/00/07

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Assistant Director Of Records, Department of the

    Treasury, Office of Foreign Assets Control, 1500 Pennsylvania Avenue

    NW--Annex, Washington, DC 20220

    Phone: 202 622-2530

    Fax: 202 522-1657

    Related RIN: Related to 1505-AA95

    RIN: 1505-AB69

    Page 23073

    Department of the Treasury (TREAS)

    Long-Term Actions

    Departmental Offices (DO)

  32. POSSIBLE REGULATION OF ACCESS TO ACCOUNTS AT FINANCIAL

    INSTITUTIONS THROUGH PAYMENT SERVICE PROVIDERS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    CFR Citation: 31 CFR Ch II

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    01/08/99

    64 FR 1149

    ANPRM Comment Period End

    04/08/99

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Agency Contact: Donna Felmlee

    Phone: 202 622-1808

    RIN: 1505-AA74

  33. FINANCIAL SUBSIDIARIES

    Priority: Substantive, Nonsignificant

    CFR Citation: Not Yet Determined

    Timetable: Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Martha Ellett

    Phone: 202 622-2983

    Fax: 202 622-1974

    Email: martha.ellett@do.treas.gov

    RIN: 1505-AA81

  34. SECRETARY'S DETERMINATION OF REAL ESTATE BROKERAGE

    Priority: Substantive, Nonsignificant

    CFR Citation: 12 CFR 1501.2

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/03/01

    66 FR 307

    NPRM Comment Period End

    03/02/01

    NPRM Comment Period Extended 05/01/01

    66 FR 12440

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Martha Ellett

    Phone: 202 622-2983

    Fax: 202 622-1974

    Email: martha.ellett@do.treas.gov

    RIN: 1505-AA84

  35. HARBOR MAINTENANCE FEE

    Priority: Substantive, Nonsignificant

    CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 146; 19 CFR 178

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule Effective 03/01/87

    Interim Final Rule

    03/30/87

    52 FR 10198

    Interim Final Rule Comment

    Period End

    05/29/87

    Final Action

    To Be

    Determined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Deborah Thompson

    Phone: 317 614-4511

    RIN: 1505-AB11

  36. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE

    Priority: Substantive, Nonsignificant

    CFR Citation: 19 CFR 24

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    01/08/92

    57 FR 607

    Interim Final Rule Effective 01/08/92

    Interim Final Rule Comment

    Period End

    03/09/92

    Final Action

    To Be

    Determined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Deborah Thompson

    Phone: 317 614-4511

    RIN: 1505-AB12

  37. RECONCILIATION

    Priority: Substantive, Nonsignificant

    CFR Citation: 19 CFR 142; 19 CFR 159

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    To Be

    Determined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: John Leonard

    Phone: 202 344-2687

    RIN: 1505-AB16

  38. NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)--IMPLEMENTATION OF

    DUTY-DEFERRAL PROGRAM PROVISIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 19 CFR 181; 19 CFR 113; 19 CFR 141; 19 CFR 144; 19 CFR 10

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule Effective 01/01/96

    Interim Final Rule

    01/30/96

    61 FR 2908

    Interim Final Rule Comment

    Period End

    04/01/96

    Final Action

    To Be

    Determined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Shawn Filion

    Phone: 716 551-3053

    RIN: 1505-AB17

    Department of the Treasury (TREAS)

    Completed Actions

    Departmental Offices (DO)

  39. FINANCIAL ACTIVITIES OF FINANCIAL SUBSIDIARIES

    Priority: Substantive, Nonsignificant

    CFR Citation: 12 CFR 1501.1

    Completed:

    Reason

    Date

    FR Cite

    Interim Final Rule

    03/20/00

    65 FR 14819

    Interim Final Rule Effective 03/14/00

    Interim Final Rule Comment

    Period End

    05/15/00

    Regulatory Flexibility Analysis Required: No

    Page 23074

    Government Levels Affected: None

    Agency Contact: Martha Ellett

    Phone: 202 622-2983

    Fax: 202 622-1974

    Email: martha.ellett@do.treas.gov

    RIN: 1505-AA80

  40. SECRETARY'S DETERMINATION OF OTHER ACTIVITIES FINANCIAL IN NATURE

    Priority: Substantive, Nonsignificant

    CFR Citation: 12 CFR 1501.2

    Completed:

    Reason

    Date

    FR Cite

    Interim Final Rule

    01/02/01

    66 FR 257

    Interim Final Rule Effective 01/02/01

    Interim Final Rule Comment

    Period End

    02/02/01

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Martha Ellett

    Phone: 202 622-2983

    Fax: 202 622-1974

    Email: martha.ellett@do.treas.gov

    RIN: 1505-AA85

  41. IMPORT RESTRICTIONS IMPOSED ON CERTAIN

    ARCHAEOLOGICAL AND ETHNOLOGICAL MATERIALS FROM COLOMBIA

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 2612

    CFR Citation: 19 CFR 12

    Legal Deadline: None

    Abstract: Amendment of the CBP Regulations to reflect the imposition of import restrictions on certain archaeological material and certain ethnological material from Colombia The restrictions are imposed pursuant to an agreement entered into between the United States and

    Colombia under the authority of the Convention on Cultural Property

    Implementation Act.

    Timetable:

    Action

    Date

    FR Cite

    Final Action

    03/17/06

    71 FR 13757

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Michael Craig, Chief, Other Government Agency Branch,

    Department of the Treasury, Trade Compliance and Facilitation, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 344-1684

    Joseph Howard, Attorney, Intellectual Property Rights Branch,

    Department of the Treasury, Office of Regulations and Rulings, 1300

    Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 572-8701

    RIN: 1505-AB59

  42. EXTENSION OF IMPORT RESTRICTIONS IMPOSED ON

    ARCHAEOLOGICAL MATERIAL ORIGINATING IN ITALY AND REPRESENTING THE PRE-

    CLASSICAL, CLASSICAL, AND IMPERIAL ROMAN PERIODS

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 2612

    CFR Citation: 19 CFR 12

    Legal Deadline: None

    Abstract: Amendment to indicate the extension of the import restrictions that were imposed by Treasury Decision 01-06 on certain archaeological material originating in Italy and representing the pre-

    Classical, Classical, and Imperial Roman periods of its cultural heritage, ranging in date from approximately the 9th century B.C. through approximately the 4th century A.D. The restrictions will remain in effect for an additional 5 years.

    Timetable:

    Action

    Date

    FR Cite

    Final Action

    01/19/06

    71 FR 3000

    Final Action Effective

    01/19/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Michael Craig, Chief, Other Government Agency Branch,

    Department of the Treasury, Trade Compliance and Facilitation, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 344-1684

    George F. McCray, Chief, IPR & Restricted Merchandise Branch,

    Department of the Treasury, Office of Regulations and Rulings, 1300

    Pennsylvania Avenue NW., Washington, DC 20229

    Phone: 202 572-8709

    RIN: 1505-AB63

    BILLING CODE 4810--02--S

    Department of the Treasury (TREAS)

    Prerule Stage

    Financial Crimes Enforcement Network (FINCEN)

  43. CUSTOMER IDENTIFICATION PROGRAMS FOR PAWN BROKERS

    Priority: Substantive, Nonsignificant

    Legal Authority: PL 107-56, sec 326

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: This regulation will require pawnbrokers to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Page 23075

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA39

  44. PROVISION OF BANKING SERVICES TO MONEY SERVICES

    BUSINESSES

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 31 USC P L 107-56 Bank Secrecy Act

    CFR Citation: 31 CFR 103

    Legal Deadline: None

    Abstract: We are issuing this advance notice of proposed rulemaking

    (``Advance Notice'') as a part of our ongoing effort to address, in the context of the Bank Secrecy Act, the issue of access to banking services by money services businesses. Both the banking industry and the money service business industry have expressed concerns with regard to the impact of Bank Secrecy Act regulations on the ability of money service businesses to open and maintain accounts and obtain other financial services at banks and other depository institutions. Due to the concerns about the effect of regulatory requirements on the provision of banking services to money services businesses, we, through the Non-Bank Financial Institutions and the Examinations subcommittees of the Bank Secrecy Act Advisory Group, held a fact-finding meeting on

    March 8, 2005, to hear directly from banks, other depository institutions, and money services businesses concerning the challenges that they face on this issue

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    URL For Public Comments: regcomments@fincen.gov

    Agency Contact: Cynthia Clark, Deputy Chief Counsel, Department of the

    Treasury, Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 20120

    Phone: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA85

    Department of the Treasury (TREAS)

    Proposed Rule Stage

    Financial Crimes Enforcement Network (FINCEN)

  45. CUSTOMER IDENTIFICATION PROGRAMS FOR TRAVEL AGENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: PL 107-56, sec 326

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: This regulation will require travel agents to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    02/24/03

    68 FR 8571

    ANPRM Comment Period End

    04/10/03

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    URL For Public Comments: regcomments@fincen.gov

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA38

  46. CUSTOMER IDENTIFICATION PROGRAMS FOR LOAN AND FINANCE COMPANIES

    Priority: Substantive, Nonsignificant

    Legal Authority: PL 107-56, sec 326

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: This regulation will require loan and finance companies to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA40

  47. CUSTOMER IDENTIFICATION PROGRAMS FOR SELLERS OF VEHICLES

    Priority: Substantive, Nonsignificant

    Legal Authority: PL 107-56, sec 326

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: This regulation will require sellers of vehicles to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    02/24/03

    68 FR 8568

    Page 23076

    ANPRM Comment Period End

    04/10/03

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    URL For Public Comments: regcomments@fincen.gov

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA41

  48. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR LOAN AND FINANCE COMPANIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5316(h)

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

    Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for loan and finance companies, as defined in the Bank Secrecy Act.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    Related RIN: Split from 1506-AA28

    RIN: 1506-AA73

  49. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR BUSINESSES ENGAGED IN VEHICLE SALES, INCLUDING

    AUTOMOBILES, AIRPLANE, AND BOAT SALES

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5316(h)

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

    Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for businesses engaged in vehicle sales, including automobile, airplane, and boat sales, as defined in the Bank Secrecy Act.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    02/24/03

    68 FR 8568

    ANPRM Comment Period End

    04/10/03

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    Related RIN: Split from 1506-AA28

    RIN: 1506-AA80

  50. AMENDMENTS TO BANK SECRECY ACT REGULATIONS--

    CASINO RECORDKEEPING AND REPORTING REQUIREMENTS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 31 USC P L107-56 Bank Secrecy Act

    CFR Citation: 31 CFR part 103

    Legal Deadline: None

    Abstract: FinCEN is proposing to exclude, as reportable transactions in currency, jackpots from slot machines and video lottery terminals. We are also proposed to exclude certain transactions between (i) casinos and currency dealers or exchangers and (ii) casinos and check casher's as reportable transactions in currency.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    URL For Public Comments: regcomments@fincen.gov

    Agency Contact: Cynthia Clark, Deputy Chief Counsel, Department of the

    Treasury, Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 20120

    Phone: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA84

    Page 23077

    Department of the Treasury (TREAS)

    Final Rule Stage

    Financial Crimes Enforcement Network (FINCEN)

  51. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING REPORTING

    OF CROSS-BORDER TRANSPORTATION OF CERTAIN MONETARY INSTRUMENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5312(a)(3), Bank Secrecy Act

    CFR Citation: 31 CFR 103

    Legal Deadline: None

    Abstract: This rule will require reporting of cross-border transportation of certain negotiable instruments.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/22/97

    62 FR 3249

    NPRM Comment Period End

    04/22/97

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA15

  52. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--EXEMPTIONS FROM THE

    REQUIREMENT TO REPORT TRANSACTIONS IN CURRENCY

    Priority: Substantive, Nonsignificant

    Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5330

    CFR Citation: 31 CFR 103

    Legal Deadline: None

    Abstract: This document contains an interim final rule that further reforms and simplifies the process by which depository institutions may exempt transactions of retail and other businesses from the requirement to report transactions in currency in excess of $10,000. The interim final rule is part of a continuing program to reduce unnecessary burdens upon financial institutions complying with the Bank Secrecy Act and increase the cost-effectiveness of the counter-money laundering policies of the Department of the Treasury.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    07/28/00

    65 FR 46356

    Interim Final Rule Effective 07/31/00

    Interim Final Rule Comment

    Period End

    09/26/00

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    URL For Public Comments: regcomments@fincen.gov

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA23

  53. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT

    NONFINANCIAL TRADES OR BUSINESSES REPORT CERTAIN CURRENCY TRANSACTIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 et seq;

    PL 107-56

    CFR Citation: 31 CFR 103.30

    Legal Deadline: Final, Statutory, April 26, 2002, Interim final rule published December 31, 2001.

    Abstract: This document contains an interim final rule amending the

    Bank Secrecy Act regulations to require certain persons to report currency received in the course of their trade or business.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/31/01

    66 FR 67685

    Interim Final Rule

    12/31/01

    66 FR 67680

    NPRM Comment Period End

    03/01/02

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA25

  54. CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS ASSOCIATIONS,

    AND CREDIT UNIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5318(l)

    CFR Citation: 31 CFR 103.121

    Legal Deadline: Final, Statutory, October 25, 2002, Public Law 107-56, sec 352.

    Abstract: This notice of proposed rulemaking proposes to require banks, savings associations, and credit unions to establish written customer identification programs.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/23/02

    67 FR 48290

    NPRM Comment Period End

    09/06/02

    NPRM

    05/09/03

    68 FR 25163

    Final Rule

    05/09/03

    68 FR 25090

    NPRM Comment Period End

    06/23/03

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA31

  55. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT

    MUTUAL FUNDS REPORT SUSPICIOUS TRANSACTIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5331; PL 107-56

    CFR Citation: 31 CFR 103.15

    Page 23078

    Legal Deadline: None

    Abstract: This document contains an amendment to the regulations implementing the statute generally known as the Bank Secrecy Act. The amendment would require mutual funds to report suspicious transactions to the Department of the Treasury. The amendment constitutes a further step in the creation of a comprehensive system for the reporting of suspicious transactions by the major categories of financial institutions operating in the United States, as part of the counter- money laundering program of the Department of the Treasury.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/21/03

    68 FR 2716

    NPRM Comment Period End

    03/24/03

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA37

  56. IMPOSITION OF SPECIAL MEASURES AGAINST THE COUNTRY OF NAURU

    Priority: Substantive, Nonsignificant

    Legal Authority: PL 107-56, sec 311; 31 USC 5318A

    CFR Citation: 31 CFR 103.184

    Legal Deadline: None

    Abstract: This rule will impose ``special measures'' against Nauru.

    Nauru was previously designated as a country of primary money laundering concern pursuant to section 311 of the USA PATRIOT Act on

    December 20, 2002, a prerequisite for the imposition of special measures.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/17/03

    68 FR 18914

    NPRM Comment Period End

    05/19/03

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA43

  57. FINANCIAL CRIMES ENFORCEMENT; AMENDMENTS TO THE BANK SECRECY ACT

    REGULATIONS--NOMENCLATURE CHANGES

    Priority: Info./Admin./Other. Major status under 5 USC 801 is undetermined.

    Legal Authority: 31 USC 5318 et seq

    CFR Citation: 31 CFR 103

    Legal Deadline: None

    Abstract: This document amends 31 CFR part 103 to reflect changes to the structure of the Department of the Treasury.

    Timetable:

    Action

    Date

    FR Cite

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA61

  58. IMPOSITION OF SPECIAL MEASURES AGAINST THE COMMERCIAL BANK OF

    SYRIA AS A FINANCIAL INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5318A

    CFR Citation: 31 CFR 103.188

    Legal Deadline: None

    Abstract: This document will prohibit certain U.S. financial institutions from maintaining correspondent or payable-through accounts in the United States for, or on behalf of, a foreign bank determined to be of primary money laundering concern.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/18/04

    69 FR 28098

    NPRM Comment Period End

    06/17/04

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA64

  59. IMPOSITION OF SPECIAL MEASURE AGAINST FIRST MERCHANT BANK OSH LTD,

    INCL. ITS SUBSIDIARIES, FMB FINANCE LTD, FIRST MERCHANT INTERNATIONAL

    INC, FIRST MERCHANT FINANCE LTD, AND FIRST MERCHANT TRUST LTD

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 31 USC 5318A

    CFR Citation: 31 CFR 103.189

    Legal Deadline: None

    Abstract: This document will prohibit certain U.S. financial institutions from maintaining correspondent or payable-through accounts in the United States for, or on behalf of, a foreign bank determined to be of primary money laundering concern.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/24/04

    69 FR 51979

    NPRM Comment Period End

    09/23/04

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    URL For More Information:

    Page 23079

    www.fincen.gov

    URL For Public Comments: regcomments@fincen.gov

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA65

  60. IMPOSITION OF SPECIAL MEASURE AGAINST INFOBANK AS A FINANCIAL

    INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5318A

    CFR Citation: 31 CFR 103.190

    Legal Deadline: None

    Abstract: This document will prohibit certain U.S. financial institutions from maintaining correspondent or payable-through accounts in the United States for, or on behalf of, a foreign financial institution determined to be of primary money laundering concern.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/24/04

    69 FR 51973

    NPRM Comment Period End

    09/23/04

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA67

  61. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR MUTUAL FUNDS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 31 USC 5316(h)

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

    Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for mutual funds, as defined in the Bank Secrecy Act.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    04/29/02

    67 FR 21117

    Interim Final Rule Comment

    Period End

    05/29/02

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Office of the Chief Counsel, Department of the

    Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183

    Phone: 703 905-3590

    Fax: 703 905-3735

    Related RIN: Split from 1506-AA28

    RIN: 1506-AA68

  62. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR TRAVEL AGENCIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5316(h)

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

    Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for travel agencies, as defined in the Bank Secrecy Act.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/24/03

    68 FR 8571

    NPRM Comment Period End

    04/10/03

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    Related RIN: Split from 1506-AA28

    RIN: 1506-AA69

  63. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR INVESTMENT ADVISORS

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5316(h)

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

    Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for investment advisors, as defined in the Bank Secrecy Act.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/05/03

    68 FR 23646

    NPRM Comment Period End

    07/07/03

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    Related RIN: Split from 1506-AA28

    RIN: 1506-AA71

  64. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR FINANCIAL INSTITUTIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5316(h)

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

    Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for

    Page 23080

    financial institutions, as defined in the Bank Secrecy Act.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    04/29/02

    67 FR 21110

    Amendment to Interim Final Rule 11/06/02

    67 FR 67547

    Interim Final Rule Correction 11/14/02

    67 FR 68935

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    Related RIN: Split from 1506-AA28

    RIN: 1506-AA72

  65. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR MONEY SERVICES BUSINESSES

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5316(h)

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

    Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for money services businesses, as defined in the Bank Secrecy Act.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    04/29/02

    67 FR 21114

    Interim Final Rule Comment

    Period End

    05/29/02

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    Related RIN: Split from 1506-AA28

    RIN: 1506-AA74

  66. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR COMMODITY TRADING ADVISORS

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5316(h)

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

    Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for commodity trading advisors, as defined in the Bank Secrecy Act.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/05/03

    68 FR 23640

    NPRM Comment Period End

    07/07/03

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    Related RIN: Split from 1506-AA28

    RIN: 1506-AA75

  67. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR OPERATORS OF A CREDIT CARD SYSTEM

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5316(h)

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

    Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for operators of a credit card system, as defined in the Bank Secrecy Act.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    04/29/02

    67 FR 21121

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    Related RIN: Split from 1506-AA28

    RIN: 1506-AA76

  68. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR UNREGISTERED INVESTMENT COMPANIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5316(h)

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

    Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for unregistered investment companies, as defined in the Bank Secrecy Act.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/26/02

    67 FR 60617

    NPRM Comment Period End

    11/25/02

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    Related RIN: Split from 1506-AA28, Previously reported as 1506-AA57

    RIN: 1506-AA77

    Page 23081

  69. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR DEALERS IN PRECIOUS METALS, STONES, OR JEWELS

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5316(h)

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

    Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for dealers in precious metals, stones, or jewels, as defined in the Bank Secrecy Act.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/21/03

    68 FR 8480

    Interim Final Rule Comment

    Period End

    05/07/05

    70 FR 33702

    Interim Final Rule

    06/09/05

    70 FR 33702

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    Related RIN: Split from 1506-AA28

    RIN: 1506-AA78

  70. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR PERSONS INVOLVED IN REAL ESTATE CLOSINGS AND

    SETTLEMENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 5316(h)

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352.

    Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for persons involved in real estate closings and settlements, as defined in the Bank Secrecy Act.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/10/03

    68 FR 17569

    NPRM Comment Period End

    06/09/03

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    Related RIN: Split from 1506-AA28

    RIN: 1506-AA79

  71. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS-

    IMPOSITION OF SPECIAL MEASURE AGAINST BANCO DELTA ASIA SARL

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 31 U.S.C 5318A

    CFR Citation: 31 CFR 103

    Legal Deadline: None

    Abstract: This document will prohibit certain U.S. financial institutions from maintaining correspondent or payable-through accounts in the United States for, or on behalf of, a foreign bank determined to be of primary money laundering concern.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/20/05

    70 FR 55217

    Notice

    09/20/05

    70 FR 55214

    NPRM Comment Period End

    10/25/05

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    URL For Public Comments: www.regcomments@fincen.gov

    Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39,

    Vienna, VA 22183

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA83

    Department of the Treasury (TREAS)

    Long-Term Actions

    Financial Crimes Enforcement Network (FINCEN)

  72. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--SPECIAL REPORTING

    AND RECORDKEEPING REQUIREMENTS--MONEY SERVICES BUSINESSES (MSBS)

    Priority: Substantive, Nonsignificant

    CFR Citation: 31 CFR 103

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/21/97

    62 FR 27909

    NPRM Comment Period End

    09/30/97

    Final Action

    To Be

    Determined

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA19

    Page 23082

    Department of the Treasury (TREAS)

    Completed Actions

    Financial Crimes Enforcement Network (FINCEN)

  73. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF

    AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS

    Priority: Info./Admin./Other

    CFR Citation: 31 CFR 103

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    02/21/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: Federal

    Agency Contact: Cynthia L Clark

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA08

  74. DUE DILIGENCE REQUIREMENTS FOR CORRESPONDENT ACCOUNTS AND PRIVATE

    BANKING ACCOUNTS

    Priority: Substantive, Nonsignificant

    CFR Citation: 31 CFR 103.175 to 103.178

    Completed:

    Reason

    Date

    FR Cite

    NPRM

    01/04/06

    71 FR 516

    Final Rule

    01/04/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA29

  75. FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK

    SECRECY ACT REGULATIONS REQUIREMENT THAT INSURANCE COMPANIES REPORT

    SUSPICIOUS TRANSACTIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 31 CFR 103.16

    Completed:

    Reason

    Date

    FR Cite

    Final Rule

    11/03/05

    70 FR 66761

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    RIN: 1506-AA36

  76. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY

    LAUNDERING PROGRAMS FOR INSURANCE COMPANIES

    Priority: Substantive, Nonsignificant

    CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67

    Completed:

    Reason

    Date

    FR Cite

    Final Rule

    11/03/05

    70 FR 66754

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cynthia L Clark

    Phone: 703 905-3758

    Fax: 703 905-3758

    Email: cynthia.clark@fincen.gov

    Related RIN: Split from 1506-AA28

    RIN: 1506-AA70

    BILLING CODE 4810--35--S

    Department of the Treasury (TREAS)

    Proposed Rule Stage

    Financial Management Service (FMS)

  77. CLAIMS ON ACCOUNT OF TREASURY CHECKS

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 321; 31 USC 3328; 31 USC 3331; 31 USC 3343; 31

    USC 3702; 31 USC 3712

    CFR Citation: 31 CFR 245

    Legal Deadline: None

    Abstract: Title 31 CFR part 245 governs the issuance of replacement checks for checks drawn on the United States Treasury when: 1) The original check has been lost, stolen, destroyed or mutilated, or defaced to such an extent that it is rendered non-negotiable; 2) the original check has been negotiated and paid on a forged or unauthorized indorsement; and 3) the original check has been cancelled pursuant to 31 CFR part 240. This regulation is being revised to update the regulation's definitions to make them consistent with the language of the revisions to the definitions in 31 CFR part 240. Other revisions will govern the use of the Check Forgery Insurance Fund (Fund). The

    Fund is a revolving fund established to settle payee claims of nonreceipt where the original check has been fraudulently negotiated.

    The Fund ensures that innocent payees, whose Treasury checks have been fraudulently cashed, receive replacement checks in a timely manner. The

    NPRM is on hold pending implementation of the Expanded Check Forgery

    Insurance Fund Legislation (CFIF) and the Treasury Check Information

    System (TCIS).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: Federal

    Agency Contact: Ella White, Program Analyst, Department of the

    Treasury, Financial Management Service, 3700 East-West Highway,

    Hyattsville, MD 20782

    Phone: 202 874-8445

    Email: ella.white@fms.treas.gov

    RIN: 1510-AA51

    Page 23083

    Department of the Treasury (TREAS)

    Final Rule Stage

    Financial Management Service (FMS)

  78. PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS

    Priority: Substantive, Nonsignificant

    Legal Authority: PL 104-53; PL 104-316; 28 USC 2414; 28 USC 2517; 31

    USC 1304

    CFR Citation: 31 CFR 256

    Legal Deadline: None

    Abstract: This regulation governs the procedures for securing payment for money judgments against the United States. The proposed revision will update these procedures. This revision will benefit claimants and others in understanding the judgment payment process. This regulation currently describes a process that involves the General Accounting

    Office (GAO) and the Treasury Department. The revision will remove the

    GAO from this description to reflect legislative amendments that effect this change. Also, the regulation currently identifies monetary thresholds that no longer exist. The change will reflect the removal of these monetary limitations. These revisions will make the regulation consistent with current procedures for securing payment of money judgments against the United States.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/08/96

    61 FR 552

    NPRM Comment Period End

    02/07/96

    Direct Final Rule

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Federal

    Agency Contact: Vivian Cooper, Director, Financial Accounting and

    Services Division, Department of the Treasury, Financial Management

    Service, 3700 East-West Highway, Hyattsville, MD 20782

    Phone: 202 874-8380

    Email: vivian.cooper@fms.treas.gov

    RIN: 1510-AA52

  79. FEDERAL CLAIMS COLLECTION STANDARD--COLLECTION BY INSTALLMENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 3711; 31 USC 3717

    CFR Citation: 31 CFR 901.9

    Legal Deadline: None

    Abstract: Section 901.9, paragraph (f) is being modified to state that when an administrative charge is being paid out of amounts collected from the debtor, a partial or installment payment on a debt should be applied to that charge first, then to penalties, other administrative charges, interest, and principal.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    11/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Federal, Local, State, Tribal

    Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt

    Management Service, Department of the Treasury, Financial Management

    Service, 401 14th Street SW., Washington, DC 20227

    Phone: 202 874-7131

    Fax: 202 874-7494

    Email: gerald.isenberg@fms.treas.gov

    RIN: 1510-AA91

  80. FEDERAL GOVERNMENT PARTICIPATION IN THE ACH

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 5525; 12 USC 391; 31 USC 321; 31 USC 3301; 31

    USC 3302; 31 USC 3321; 31 USC 3332; 31 USC 3335; 31 USC 3720

    CFR Citation: 31 CFR 210

    Legal Deadline: None

    Abstract: FMS reviews the private sector ACH operating rules on a yearly basis and adopts, changes, or declines each rule.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: Federal

    Agency Contact: Kristine Conrath, Acting Director, Settlement Services

    Division, Department of the Treasury, Financial Management Service, 401 14th Street SW., Washington, DC 20227

    Phone: 202 874-7019

    Email: kristine.conrath@fms.treas.gov

    RIN: 1510-AB00

  81. PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 12 USC 90; 12 USC 265; 12 USC 266; 12 USC 321; 12 USC 323; 12 USC 332; 12 USC 391; 12 USC 1452(d); 12 USC 1464(k); 12 USC 1767; 12 USC 1789(a); 12 USC 2013; 12 USC 2122; 12 USC 3102; 12 USC 6302; 31 USC 3301 to 3304

    CFR Citation: 31 CFR 203

    Legal Deadline: None

    Abstract: This rule includes general revisions that will provide needed updates to support operational changes to the system used for the collection of corporate withholding taxes and the investment of the

    Government's excess operating funds, and incorporate other needed updates.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: Federal

    Agency Contact: Thompson Sawyer, Director, Investment Management

    Division, Department of the Treasury, Financial Management Service, 401 14th Street SW., Washington, DC 20227

    Phone: 202 874-7150

    Email: thompson.sawyer@fms.treas.gov

    RIN: 1510-AB01

  82. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL

    BENEFIT PAYMENTS) TO COLLECT PAST-DUE, LEGALLY ENFORCEABLE NONTAX DEBT-

    GRANT PAYMENTS AMENDMENT

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 3716

    CFR Citation: 31 CFR 285.5

    Legal Deadline: None

    Abstract: The Debt Collection Improvement Act of 1996, Public Law 1040134 (April 26, 1996) authorized the offset of Federal payments by disbursing officials of the United States to collect nontax debt owed the United States. 31 CFR 285.5 contains rules for conducting these offsets. This rule will

    Page 23084

    provide additional parameters relating to the offset of Federal grant payments.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    11/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Federal, Local, State, Tribal

    Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt

    Management Service, Department of the Treasury, Financial Management

    Service, 401 14th Street SW., Washington, DC 20227

    Phone: 202 874-7131

    Fax: 202 874-7494

    Email: gerald.isenberg@fms.treas.gov

    RIN: 1510-AB05

  83. FEDERAL PROCESS AGENTS OF SURETY COMPANIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 3906

    CFR Citation: 31 CFR 224

    Legal Deadline: None

    Abstract: Title 31 CFR part 224, which implements 31 USC 9306, governs the appointment of federal process agents of surety companies. This revision to 31 CFR part 224 will make the regulation consistent with a 1999 amendment to 31 USC 9306. In addition, this revision will remove an outdated requirement and update contact information and references.

    Timetable:

    Action

    Date

    FR Cite

    Direct Final Rule

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: Federal

    Agency Contact: Rose M Miller, Surety Bond Branch Manager, Department of the Treasury, Financial Management Service, 3700 East-West Highway,

    Hyattsville, MD 20782

    Phone: 202 874-6850

    Fax: 202 874-9978

    Email: rose.miller@fms.treas.gov

    RIN: 1510-AB08

  84. ADMINISTRATIVE OFFSET AND CLAIMS COLLECTION

    UNDER RECIPROCAL AGREEMENTS WITH STATES

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 31 USC 3716

    CFR Citation: 31 CFR 285.6

    Legal Deadline: None

    Abstract: This rule implements 31 USC 3716(h), which provides for the administrative offset of Federal payments to collect delinquent debts owed to States, provided the State has entered into a reciprocal agreement with the Secretary of the Treasury. This rule will not address past-due support debts, which are collected pursuant to 31 CFR 285.1

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: Federal, Local, State, Tribal

    Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt

    Management Service, Department of the Treasury, Financial Management

    Service, 401 14th Street SW., Washington, DC 20227

    Phone: 202 874-7131

    Fax: 202 874-7494

    Email: gerald.isenberg@fms.treas.gov

    RIN: 1510-AB09

    Department of the Treasury (TREAS)

    Completed Actions

    Financial Management Service (FMS)

  85. FOREIGN EXCHANGE OPERATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 31 CFR 281

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    02/08/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Natalie H. Diana

    Phone: 202 874-6680

    Fax: 202 874-6627

    Email: natalie.diana@fms.treas.gov

    RIN: 1510-AB03

  86. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING HOUSE

    Priority: Substantive, Nonsignificant

    CFR Citation: 31 CFR 210

    Completed:

    Reason

    Date

    FR Cite

    Interim Final Rule

    11/07/05

    70 FR 67364

    Interim Final Rule Comment

    Period End

    01/06/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Natalie H. Diana

    Phone: 202 874-6680

    Fax: 202 874-6627

    Email: natalie.diana@fms.treas.gov

    RIN: 1510-AB04

  87. WITHHOLDING OF DISTRICT OF COLUMBIA, STATE, CITY, AND COUNTY

    INCOME OR EMPLOYMENT TAXES BY FEDERAL AGENCIES

    Priority: Info./Admin./Other

    CFR Citation: 31 CFR 215

    Completed:

    Reason

    Date

    FR Cite

    Final Action

    01/13/06

    71 FR 2149

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Federal, Local, State

    Agency Contact: Marc Seldin

    Phone: 202 874-6863

    Fax: 202 874-6627

    Email: marc.seldin@fms.treas.gov

    RIN: 1510-AB06

    BILLING CODE 4810--31--S

    Page 23085

    Department of the Treasury (TREAS)

    Prerule Stage

    Alcohol and Tobacco Tax and Trade Bureau (TTB)

    ALCOHOL

  88. PROPOSED REVISIONS TO THE BEER REGULATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 5021 to 5056; 26 USC 5061 to 5064; 26 USC 5091 to 5093; 26 USC 5111 to 5114; 26 USC 5121 to 5123; 26 USC 5401 to 5403; 26 USC 5411 to 5418; . . .

    CFR Citation: 27 CFR 25

    Legal Deadline: None

    Abstract: The Alcohol and Tobacco Tax and Trade Bureau proposes to revise brewery regulations to reduce the regulatory burden and streamline regulatory requirements.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Agency Contact: RaMona Hupp, Specialist, Department of the Treasury,

    Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street

    NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: ramona.hupp@ttb.gov

    Related RIN: Related to 1513-AA12

    RIN: 1513-AB05

  89. USE OF THE WORD ``PURE'' OR ITS VARIANTS IN THE LABELING AND

    ADVERTISING OF ALCOHOL BEVERAGES

    Priority: Other Significant

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7

    Legal Deadline: None

    Abstract: TTB is considering amending the regulations concerning the use of the word ``pure'' or its variants in the labeling and advertising of alcohol beverages. We wish to gather information by inviting comments from the public and industry as to whether the existing regulations should be revised.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    12/07/05

    70 FR 72731

    ANPRM Comment Period End

    02/06/06

    Comment Period Extended

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,

    Morganza, MD 20660

    Phone: 301 290-1460

    Fax: 301 290-1463

    Email: lisa.gesser@ttb.gov

    RIN: 1513-AB16

  90. USE OF VARIOUS WINEMAKING TERMS ON WINE LABELS

    AND IN ADVERTISEMENTS; REQUEST FOR PUBLIC COMMENT

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 4

    Legal Deadline: None

    Abstract: The Alcohol and Tobacco Tax and Trade Bureau is considering amending the regulations concerning various winemaking terms commonly used on labels and in advertisements of wine products to provide the consumer with information about the growing and/or bottling conditions of the product. We wish to gather information by inviting comments from industry members, consumers, and other interested parties as to whether and to what extent the existing regulations should be revised.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,

    Morganza, MD 20660

    Phone: 301 290-1460

    Fax: 301 290-1463

    Email: lisa.gesser@ttb.gov

    RIN: 1513-AB24

  91. USE OF THE WORDS SCOTCH ALE OR SCOTTISH ALE OR

    ITS VARIANTS ON LABELS OR IN ADVERTISING OF MALT BEVERAGE PRODUCTS;

    REQUEST FOR PUBLIC COMMENT

    Priority: Substantive, Nonsignificant

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 7.24

    Legal Deadline: None

    Abstract: TTB is considering whether the terms Scotch Ale and Scottish

    Ale by usage and common knowledge have lost their geographical significance to such an extent that they have become generic.

    Timetable:

    Action

    Date

    FR Cite

    Notice

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury,

    Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: ramona.hupp@ttb.gov

    RIN: 1513-AB30

    Page 23086

    Department of the Treasury (TREAS)

    Proposed Rule Stage

    Alcohol and Tobacco Tax and Trade Bureau (TTB)

    ALCOHOL

  92. DENATURED SPIRITS, ARTICLES, AND NONBEVERAGE PRODUCTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 27 CFR 19; 27 CFR 20; 27 CFR 27; 27 CFR 28

    Legal Deadline: None

    Abstract: Modernizes and clarifies regulations relating to the following activities: 1) Manufacture of articles made with specially denatured alcohol (SDA); 2) exportation of SDA and articles made with

    SDA; and 3) importation of denatured spirits, fuel alcohol, articles made with SDA, and nonbeverage alcoholic products.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Steven C. Simon, Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-9210

    Fax: 202 927-8525

    Email: steven.simon@ttb.gov

    RIN: 1513-AB03

  93. LABELING AND ADVERTISING OF WINES, DISTILLED SPIRITS, AND MALT

    BEVERAGES

    Priority: Other Significant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7

    Legal Deadline: None

    Abstract: TTB requests public comment on possible changes to the labeling and advertising requirements of alcohol beverage products regulated by TTB. TTB has long required certain labeling, such as brand name, class and type, alcohol content (in the case of wines containing more than 14 percent alcohol by volume and distilled spirits), net contents, and in recent years has published updated standards for the use of carbohydrate and calorie claims. Because of petitions to mandate additional information, including ingredient, allergen, alcohol, calorie, and carbohydrate content and requests by some to use labels with at least some of that additional information on a voluntary basis under existing rules, TTB believes it is now appropriate to consider revising the alcohol beverage labeling and advertising regulations, and seeks public comment on several issues to assist TTB in formulating specific regulatory proposals.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    04/29/05

    70 FR 22274

    ANPRM Comment Period Extended 06/23/05

    70 FR 36359

    ANPRM Comment Period End

    09/26/05

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,

    Morganza, MD 10660

    Phone: 301 290-1460

    Fax: 301 290-1463

    Email: lisa.gesser@ttb.gov

    RIN: 1513-AB07

  94. ALLERGEN INGREDIENT LABELING FOR ALCOHOL BEVERAGES

    Priority: Substantive, Nonsignificant

    Legal Authority: 27 USC 205(e)

    CFR Citation: 27 CFR 4.32; 27 CFR 5.32; 27 CFR 7.22

    Legal Deadline: None

    Abstract: Pursuant to the House Committee Report accompanying the Food

    Allergen Labeling and Consumer Protection Act of 2004 (Pub. L. 108- 282), TTB will consider how to appropriately apply allergen labeling to beverage alcohol products. We will consider how allergen labeling for these products will operate within our existing labeling regulations and with FDA regulations.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    04/29/05

    70 FR 22274

    ANPRM Comment Period End

    09/26/05

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jessica M. Bungard, Management Analyst, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: jessica.bungard@ttb.gov

    Related RIN: Related to 1513-AB07

    RIN: 1513-AB08

  95. ALTERNATING BREWERY PROPRIETORS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 5051; 26 USC 5401

    CFR Citation: 27 CFR 25

    Legal Deadline: None

    Abstract: TTB is establishing guidelines for the establishment of alternating proprietors at brewery premises. These guidelines will provide standards for the establishment of an alternating proprietorship at a brewery premises, and will provide guidelines for the operations of these premises by separate established brewers. They will give guidance on operations, taxpayment, recordkeeping, reporting, and segregation of products made by separate brewers.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury,

    Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: ramona.hupp@ttb.gov

    RIN: 1513-AB09

  96. PETITION TO ESTABLISH THE OUTER COASTAL PLAIN AMERICAN

    VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    Page 23087

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: TTB received a petition proposing to establish the Outer

    Coastal Plain viticultural area in southeast New Jersey. The 2,255,400- acre area includes all of Cape May, Atlantic, Ocean, and Cumberland

    Counties and portions of Salem, Gloucester, Camden, Burlington, and

    Monmouth Counties. Currently, the area has 1,227 vineyard acres.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jennifer Berry, TTB Specialist, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

    Roanoke, VA 24014

    Phone: 540 344-9333

    Fax: 540 344-5855

    Email: jennifer.berry@ttb.gov

    RIN: 1513-AB13

  97. QUARTERLY EXCISE TAX FILING FOR SMALL ALCOHOL

    EXCISE TAXPAYERS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 5061 as amended by PL 109-59

    CFR Citation: 27 CFR 19; 27 CFR 24; 27 CFR 25; 27 CFR 26; 27 CFR 70; .

    . .

    Legal Deadline: NPRM, Statutory, January 1, 2006, PL 109-59.

    Abstract: Implementation of the quarterly excise tax payment procedure for small alcohol excise taxpayers contained in section 11127 of Public

    Law 109-59, the Safe, Accountable, Flexible, Efficient Transportation

    Equity Act: A Legacy for Users, which amended section 5061 of the

    Internal Revenue Code of 1986.

    Timetable:

    Action

    Date

    FR Cite

    Temporary rule with NPRM

    02/02/06

    71 FR 5598

    Temporary rule effective date 01/01/06

    NPRM

    02/02/06

    71 FR 5629

    NPRM Comment Period End

    04/03/06

    Final Rule

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: marjorie.ruhf@ttb.gov

    RIN: 1513-AB17

  98. GREEN VALLEY OF RUSSIAN RIVER VALLEY

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The Winegrowers and Vintners of Sonoma County's Green Valley group proposes to rename the ``Sonoma County Green Valley'' viticultural area (27 CFR 9.57) as the ``Green Valley of Russian River

    Valley'' viticultural area, with the size and boundaries remaining unchanged. The group explains the name change is warranted because the region is commonly referred to as ``Green Valley,'' without the Sonoma

    County modifier. They add that the Sonoma County Green Valley viticultural area is considered as a sub-appellation of the Russian

    River Valley viticultural area by virtue of location and similar climate.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AB18

  99. LEHIGH VALLEY

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The Lehigh Valley Wine Trail Appellation Committee proposed the establishment of the Lehigh Valley viticultural area, which includes 1,888 square miles and 220 vineyard acres, north of

    Philadelphia, in Lehigh, Northampton, Berks, Schuylkill, Carbon, and

    Monroe counties in Pennsylvania. Distinguishing features include climate, soil, and terrain.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AB19

  100. SWAN CREEK

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: Raffaldini Vineyards submitted a petition to establish the 96,000-acre Swan Creek viticultural area on behalf of the Vineyards of

    Swan Creek trade association, a group of vineyards and wineries in northwest North Carolina. At the time of the petition, the proposed boundaries of the agricultural and rural area include three wineries and 75 acres of vineyards. Portions of Wilkes, Yadkin, and Iredell counties are in the proposed boundaries, as is approximately 60 percent of the established Yadkin Valley viticultural area (27 CFR 9.174).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/00/06

    Page 23088

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AB20

  101. SAN FRANCISCO BAY EXPANSION

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: Hestan Vineyards proposes to expand the San Francisco Bay viticultural area northward into Solano County, California. This 56,280-acre expansion will include two acres of vineyards and portions of the Carquinez Strait in the City of Vallejo. The distinguishing features include climate, soil, and terrain.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AB21

  102. SNAKE RIVER VALLEY

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The wine grape growers of the Snake River Valley in Idaho, the Idaho Grape Growers and Wine Producers Commission, and the Idaho

    Department of Commerce and Labor submitted a petition to establish the 8,263-square mile Snake River Valley viticultural area. The area includes portions of western Idaho and eastern Oregon. The proposed boundaries include 15 wineries, 46 vineyards, and 1,107 acres of commercial vineyard production.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AB22

  103. PROPOSED EXPANSION OF THE ALEXANDER VALLEY

    VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The petitioner proposes to expand the Alexander Valley viticultural area by 1,300 acres, in a region along Hiatt Road adjacent to the current diagonal northwestern boundary. The proposed expansion area, south-southwest of Cloverdale, resembles an east-facing triangle that joins the diagonal northwestern boundary line. The current diagonal boundary line divides a vineyard, leaving about 10 acres outside of the established Alexander Valley viticultural area.

    Expansion of the boundary line would correct this vineyard problem and allow for another vineyard to be included in the viticultural area.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AB23

  104. PROPOSED ESTABLISHMENT OF THE TULOCAY

    VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205(e)

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The petitioner proposes to establish the 11,200-acre Tulocay viticultural area. The Tulocay region is totally within the established

    Napa Valley viticultural area and the larger, multi-county North Coast viticultural area in California. The distinguishing features of the proposed viticultural area include a unique microclimate and geography.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AB26

  105. PROPOSED ESTABLISHMENT OF THE PASO ROBLES

    WESTSIDE VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205(e)

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The proposed 179,622-acre Paso Robles Westside viticultural area is located in California about 30 miles

    Page 23089

    inland from the Pacific Ocean and 180 miles south of San Francisco. The proposed viticultural area is totally within San Luis Obispo County, the Paso Robles viticultural area, and the multi-county Central Coast viticultural area. The establishment of the proposed Paso Robles

    Westside viticultural area would not affect the existing, larger Paso

    Robles viticultural area. Distinguishing features of the proposed Paso

    Robles Westside viticultural area include climate, soils, and topography.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AB27

    Administrative/Procedures

  106. AVAILABILITY OF INFORMATION

    Priority: Info./Admin./Other

    Legal Authority: 26 USC 6103; 5 USC 552; 5 USC 552(a); 26 USC 301; 26

    USC 7805

    CFR Citation: 27 CFR 70

    Legal Deadline: None

    Abstract: TTB is revising and consolidating in one new part of its regulations all regulatory provisions that deal with the availability of information. This new part will include rules regarding the disclosure of information pursuant to the Freedom of Information Act and the Privacy Act of 1974 and in connection with litigation or other legal proceedings. TTB is also revising 27 CFR 70.701(d) to change the publication of the TTB Bulletin. Rather than publishing our bulletin quarterly in print form, we are changing it to be published as a monthly online bulletin. All content of the bulletin as currently prescribed by regulation will remain the same.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jessica Bungard, Management Analyst, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: jessica.bungard@ttb.gov

    RIN: 1513-AA98

    FIREARMS

  107. FIREARMS AND AMMUNITION EXCISE TAXES, CONSIGNMENT SALES OF

    IMPORTED ARTICLES

    Priority: Other Significant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 26 USC 4181; 26 USC 4182; 26 USC 4216 to 4219; 26 USC 4221 to 4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020; 26

    USC 6021; 26 USC 6061; 26 USC 6071; 26 USC 6081; 26 USC 6091; 26 USC 6101 to 6104; 26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26

    USC 6301 to 6303; 26 USC 6311; 26 USC 6402; 26 USC 6404; 26 USC 6416; 26 USC 7502; 26 USC 7805

    CFR Citation: 27 CFR 53.121

    Legal Deadline: None

    Abstract: TTB is amending the regulations relating to the payment of excise taxes on firearms and ammunition. The proposed amendment will clarify the tax liability of a domestic consignee who sells imported firearms or ammunition on behalf of a resident of a foreign country.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    URL For Public Comments: nprm@ttb.gov

    Agency Contact: Karl O. Joedicke, Project Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street

    NW., Suite 200E, Washington, DC 20220

    Phone: 202 927-7460

    Fax: 202 927-8525

    Email: karl.joedicke@ttb.gov

    RIN: 1513-AB12

  108. EXPORTATION OF LIQUORS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 27 CFR 28

    Legal Deadline: None

    Abstract: TTB proposes the plain language revision of 27 CFR part 28 to eliminate obsolete or unnecessary rules and forms and streamline export processing, while providing adequate protection for the revenue.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    09/08/92

    57 FR 40887

    ANPRM Comment Period End

    10/08/92

    ANPRM Comment Period Extended 10/15/92

    57 FR 47320

    ANPRM Comment Period Extended

    End

    12/07/92

    ANPRM

    08/09/96

    61 FR 41500

    ANPRM Comment Period End

    12/10/96

    NPRM

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AA98

    Agency Contact: Joanne Brady, TTB Specialist, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 45797,

    Philadelphia, PA 19149

    Phone: 215 333-7050

    Page 23090

    Fax: 215 333-8871

    Email: joanne.brady@ttb.treas.gov

    RIN: 1513-AA00

  109. DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 5701; 26 USC 5702

    CFR Citation: 27 CFR 40; 27 CFR 275

    Legal Deadline: None

    Abstract: This notice incorporates most of the parts of Industry

    Circular 91-3, dated March 19, 1991, entitled ``Large Cigar Taxes On and After January, 1991'' that have not been placed in the regulations.

    Industry Circular 91-3 addressed questions about determining the amount of tax for large cigars based on their sale price. In addition, this notice proposes: 1) To give guidance on tax adjustments for large cigars provided at no cost in connection with a sale; and 2) recordkeeping requirements for persons in Puerto Rico, who bring large cigars upon prepayment or deferred payment of tax into the United

    States from Puerto Rico.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AC22

    Agency Contact: Amy J. Rogers, Management Analyst, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW.,

    Suite 200E, Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: amy.rogers@ttb.gov

    RIN: 1513-AA16

  110. PROPOSED REVISIONS TO THE DISTILLED SPIRITS PLANT REGULATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 27 CFR 19

    Legal Deadline: None

    Abstract: TTB is proposing to amend the distilled spirits plant regulations in 27 CFR part 19. Many of these proposed revisions are the result of a petition submitted by the Distilled Spirits Council of the

    United States (DISCUS). Other proposed revisions are a result of TTB's own comprehensive review of the regulations in 27 CFR part 19. TTB believes that the amendments proposed in this notice will benefit the distilled spirits industry by modernizing many of the requirements for operating distilled spirits plants and thereby allow proprietors to operate in a more efficient manner.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AC52

    Agency Contact: Daniel J. Hiland, Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: daniel.hiland@ttb.gov

    RIN: 1513-AA23

  111. PROPOSED ADDITION OF NEW GRAPE VARIETY NAMES FOR AMERICAN WINES

    Priority: Substantive, Nonsignificant

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 4

    Legal Deadline: None

    Abstract: TTB has received petitions proposing to add several names to the list of grape variety names used to designate American wines.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AC79

    Agency Contact: Jennifer Berry, TTB Specialist, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

    Roanoke, VA 24014

    Phone: 540 344-9333

    Fax: 540 344-5855

    Email: jennifer.berry@ttb.gov

    RIN: 1513-AA42

  112. PETITION TO ESTABLISH ``SANTA MARIA BENCH'' AS A NEW AMERICAN

    VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: TTB received a petition from Cambria Winery and Vineyard proposing to establish the ``Santa Maria Bench'' viticultural area in

    Santa Barbara County, California. The petitioned viticultural area has 4,130 acres, with 1,754 acres planted to wine grapes, and is within the established Santa Maria and the Central Coast viticultural areas.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AC93

    Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury,

    Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: ramona.hupp@ttb.gov

    RIN: 1513-AA51

  113. FORM TTB F 5110.51, FORMULA AND PROCESS FOR

    DOMESTIC AND IMPORTED ALCOHOL BEVERAGES

    Priority: Substantive, Nonsignificant

    Legal Authority: 27 USC 205; 26 USC 5222 to 26 USC 5223; 26 USC 5232; 26 USC 5386; 26 USC 5401; 26 USC 5555

    Page 23091

    CFR Citation: 27 CFR 5; 27 CFR 7; 27 CFR 19; 27 CFR 24; 27 CFR 25; 27

    CFR 26

    Legal Deadline: None

    Abstract: This project replaces existing forms used for the submission of formulas for wine and distilled spirits with a single, new form, TTB

    F 5110.51, Formula and Process for Domestic and Imported Alcohol

    Beverages, to be used by all producers and importers of alcohol beverages. This new form also replaces the existing statement of process or letterhead formulas used for submission of beer formulas.

    Use of this new form will allow all alcohol beverage producers to use the same form and submit the same information for the production and importation of any kind of alcohol beverage.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Agency Contact: James R. Neely, Specialist, Department of the Treasury,

    Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street, NW, Room 400W,

    Washington, DC 20220

    Phone: 202 927-0120

    Fax: 202 921-1840

    Email: james.neely@ttb.gov

    Amy J. Rogers, Management Analyst, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E,

    Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: amy.rogers@ttb.gov

    RIN: 1513-AB28

  114. PROPOSED MODIFICATION OF VINTAGE DATE

    REQUIREMENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 4.27

    Legal Deadline: None

    Abstract: TTB is considering a modification of the vintage date rules.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: marjorie.ruhf@ttb.gov

    RIN: 1513-AB29

    Department of the Treasury (TREAS)

    Final Rule Stage

    Alcohol and Tobacco Tax and Trade Bureau (TTB)

    ALCOHOL

  115. NEW CERTIFICATION REQUIREMENTS FOR IMPORTED WINE

    Priority: Substantive, Nonsignificant

    Legal Authority: PL 108-429, sec 202

    CFR Citation: 27 CFR 4; 27 CFR 24; 27 CFR 27

    Legal Deadline: None

    Abstract: TTB is amending the wine regulations to implement new certification requirements for imported wine required by the

    Miscellaneous Trade and Technical Corrections Act of 2004.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/24/05

    70 FR 49516

    Interim Final Rule

    08/24/05

    70 FR 49479

    Interim Final Rule Effective 08/24/05

    Final Rule

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jennifer Berry, TTB Specialist, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

    Roanoke, VA 24014

    Phone: 540 344-9333

    Fax: 540-344-5855

    Email: jennifer.berry@ttb.gov

    RIN: 1513-AB00

  116. PETITION TO ESTABLISH SAN ANTONIO VALLEY AS A NEW AMERICAN

    VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: TTB has received a petition proposing ``San Antonio Valley'' as a new American viticultural area in California.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/19/05

    70 FR 28865

    NPRM Comment Period End

    07/18/05

    Final Rule

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jennifer Berry, TTB Specialist, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

    Roanoke, VA 24014

    Phone: 540 344-9333

    Fax: 540 344-5855

    Email: jennifer.berry@ttb.gov

    RIN: 1513-AB02

  117. PROPOSED CHANGE TO VINTAGE DATE REQUIREMENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 4.27

    Legal Deadline: None

    Page 23092

    Abstract: TTB received a petition to change the vintage date requirements in the wine regulations.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/01/05

    70 FR 38058

    NPRM Comment Period End

    08/30/05

    Final Rule

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: marjorie.ruhf@ttb.gov

    RIN: 1513-AB11

  118. PETITION TO ESTABLISH THE RATTLESNAKE HILLS AMERICAN VITICULTURAL

    AREA

    Priority: Routine and Frequent

    Legal Authority: 27 U.S.C. 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The proposed 68,500-acre Rattlesnake Hills viticultural area is located in the south, central region of Washington State.

    Distinguishing features include topography, soils, and climate. There are currently 1,227 acres of vineyards in commercial production.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/01/05

    70 FR 31396

    NPRM Comment Period End

    08/01/05

    Final Rule

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AB14

  119. PETITION TO ESTABLISH THE SADDLE ROCK-MALIBU AMERICAN VITICULTURAL

    AREA

    Priority: Routine and Frequent

    Legal Authority: 27 U.S.C. 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The proposed 2,090-acre Saddle Rock-Malibu viticultural area is in Malibu County in southern California. The distinguishing features include high elevations, and its location and orientation within the

    Santa Monica Mountains that limit its marine layer exposure. As compared to some of the neighboring areas with more marine influence, the Saddle Rock-Malibu area receives more solar radiation and heat during the growing season.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/10/06

    71 FR 1500

    NPRM Comment Period End

    03/13/06

    Final Rule

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AB15

    Administrative/Procedures

  120. ADMINISTRATIVE CHANGES TO ALCOHOL, TOBACCO, AND FIREARMS

    REGULATIONS DUE TO THE HOMELAND SECURITY ACT OF 2002

    Priority: Info./Admin./Other

    Legal Authority: PL 107-296; . . .

    CFR Citation: 27 CFR 1; 27 CFR 4 to 6; 27 CFR 8; . . .

    Legal Deadline: None

    Abstract: The Homeland Security Act of 2002 divided the Bureau of

    Alcohol, Tobacco and Firearms, Department of the Treasury into two separate agencies: the Bureau of Alcohol, Tobacco, Firearms and

    Explosives in the Department of Justice, and the Alcohol and Tobacco

    Tax and Trade Bureau in the Department of the Treasury. Due to these changes, this final rule amends the Alcohol and Tobacco Tax and Trade

    Bureau's regulations to reflect the Bureau's new name and organizational structure.

    Timetable:

    Action

    Date

    FR Cite

    Final Rule

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,

    Morganza, MD 20660

    Phone: 301 290-1460

    Fax: 301 290-1463

    Email: lisa.gesser@ttb.gov

    RIN: 1513-AA80

    Page 23093

    FIREARMS

  121. FIREARMS EXCISE TAX; EXEMPTION FOR SMALL

    MANUFACTURERS, PRODUCERS, AND IMPORTERS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 26 USC 4181; 26 USC 4182; 26 USC 4216 to 4219; 26 USC 4221 to 4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020; 26

    USC 6021; 26 USC 6071; 26 USC 6081; 26 USC 6091; 26 USC 6101 to 6104; 26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26 USC 6301 to 6303; 26 USC 6311; 26 USC 6402; 26 USC 6404; 26 USC 6416; 26 USC 7502; 26 USC 7805

    CFR Citation: 27 CFR 53.62

    Legal Deadline: None

    Abstract: This final rule amends the regulations administered by the

    Alcohol and Tobacco Tax and Trade Bureau to reflect the small manufacturers excise tax exemption contained in section 5241 of the

    Safe, Accountable, Flexible, Efficient Transportation Equity Act: A

    Legacy for Users. Section 5241 of this Act amended section 4182 of the

    Internal Revenue Code of 1986 to exempt any pistol, revolver, or firearm from the tax imposed by section 4181 if it was manufactured, produced, or imported by a person who manufactures, produces, or imports less than an aggregate of 50 such articles during the calendar year.

    Timetable:

    Action

    Date

    FR Cite

    Final Rule

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Karl O. Joedicke, Project Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street

    NW., Suite 200E, Washington, DC 20220

    Phone: 202 927-7460

    Fax: 202 927-8525

    Email: karl.joedicke@ttb.gov

    RIN: 1513-AB25

  122. IMPLEMENTATION OF PUBLIC LAW 105-33, SECTION 9302, REQUIRING THE

    QUALIFICATION OF TOBACCO PRODUCT IMPORTERS AND MISCELLANEOUS TECHNICAL

    AMENDMENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 5712; 26 USC 5713

    CFR Citation: 27 CFR 275

    Legal Deadline: None

    Abstract: These regulations will implement section 9302 provisions of

    Public Law 105-33, requiring permits for businesses engaged in importing tobacco products. Also, minor technical amendments have been included in this rule.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/22/99

    64 FR 71955

    NPRM Comment Period End

    02/22/00

    Interim Final Rule

    12/22/99

    64 FR 71947

    Interim Final Rule Effective 01/01/00

    Interim Final Rule Comment

    Period End

    05/03/00

    65 FR 17477

    Final Rule

    01/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AC07

    Agency Contact: Linda W. Chapman, TTB Specialist, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW.,

    Suite 200E, Washington, DC 20220

    Phone: 202 927-8181

    Fax: 202 927-8525

    Email: linda.chapman@ttb.gov

    RIN: 1513-AA10

  123. PROPOSAL TO RECOGNIZE SYNONYMS FOR PETITE SIRAH AND ZINFANDEL

    GRAPE VARIETIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 4

    Legal Deadline: None

    Abstract: TTB is proposing to amend the list of prime grape names for

    American wines to recognize the name ``Durif'' as a synonym for the

    Petite Sirah grape and to recognize the name ``Primitivo'' as a synonym for the Zinfandel grape. This is in response to the result of recent

    DNA research into the identity of these grape varieties.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/10/02

    67 FR 17312

    NPRM Comment Period Extended 06/06/02

    67 FR 38915

    NPRM Comment Period End

    10/08/02

    Final Rule

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AC65

    Agency Contact: Jennifer Berry, TTB Specialist, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

    Roanoke, VA 24014

    Phone: 540 344-9333

    Fax: 540 344-5855

    Email: jennifer.berry@ttb.gov

    RIN: 1513-AA32

  124. PETITION TO ESTABLISH ``EOLA HILLS'' AS A NEW AMERICAN

    VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: TTB has received a petition proposing the establishment of

    ``Eola Hills'' as a new American viticultural area in Oregon.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/08/03

    68 FR 52875

    NPRM Comment Period End

    11/07/03

    Comment Period Extended

    11/07/03

    68 FR 63042

    Extended Comment Period End

    01/06/04

    Final Rule

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Page 23094

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AC78

    Agency Contact: Jennifer Berry, TTB Specialist, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

    Roanoke, VA 24014

    Phone: 540 344-9333

    Fax: 540 344-5855

    Email: jennifer.berry@ttb.gov

    RIN: 1513-AA41

  125. ORGANIC CLAIMS IN LABELING AND ADVERTISING OF ALCOHOL BEVERAGES

    Priority: Info./Admin./Other

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7; 27 CFR 13

    Legal Deadline: None

    Abstract: TTB amended its alcohol beverage labeling rules to cross- reference the U.S. Department of Agriculture's National Organic Program

    (NOP) rules. The mandatory compliance date for the NOP rules was

    October 21, 2002. TTB requested comments on the temporary rule in an associated notice of proposed rulemaking.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    10/08/02

    67 FR 62860

    Temporary Rule

    10/08/02

    67 FR 62856

    NPRM Comment Period Reopened 12/27/02

    67 FR 79011

    NPRM Comment Period Reopened 05/09/03

    68 FR 24903

    Final Rule

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AC87

    Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: marjorie.ruhf@ttb.gov

    RIN: 1513-AA46

  126. PETITION TO EXPAND THE LIVERMORE VALLEY VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: TTB received a petition proposing to expand the boundaries of approved American viticultural area Livermore Valley located in the

    State of California. The proposed expanded boundaries encompass approximately 259,000 acres, of which 4,355 acres are devoted to vineyards. The expansion would add approximately 163,000 acres, 120 acres of vineyards, and four wineries to the area. The notice of proposed rulemaking includes expansions of the Central Coast and San

    Francisco Bay American viticultural areas. All three will be published together.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/19/05

    70 FR 28873

    NPRM Comment Period End

    07/18/05

    Final Rule

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AC99

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA54

  127. SAN FRANCISCO BAY AND CENTRAL COAST VITICULTURAL AREAS--BOUNDARY

    REALIGNMENT/EXPANSION

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: TTB received a petition proposing an expansion/realignment of the boundaries of approved American viticultural areas San Francisco

    Bay and Central Coast, located in the State of California. In total, the proposed expanded boundaries encompass approximately 20,000 acres.

    The notice of proposed rulemaking includes expansion of the Livermore

    Valley American viticultural area. All three will be published together.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/19/05

    70 FR 28870

    NPRM Comment Period End

    07/18/05

    Final Rule

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AD00

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA55

  128. PETITION TO ESTABLISH ``CHEHALEM MOUNTAINS'' AS A NEW AMERICAN

    VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: TTB has received a petition proposing the establishment of the ``Chehalem Mountains'' viticultural area located in Yamhill,

    Washington, and Clackamas Counties, Oregon. A draft final rule is being prepared. The geographical name conflict is awaiting resolution prior to any further action.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    10/07/03

    68 FR 57840

    NPRM Comment Period End

    12/08/03

    Final Rule

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AD02

    Page 23095

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA57

  129. LABELING AND ADVERTISING OF MALT BEVERAGES

    Priority: Substantive, Nonsignificant

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 7

    Legal Deadline: None

    Abstract: This project revises malt beverage labeling and advertising regulations in plain language, and updates titles and definitions to reflect the status of TTB. This revision makes no substantive changes to 27 CFR part 7.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/27/02

    67 FR 43496

    NPRM Comment Period End

    08/26/02

    NPRM Comment Period Extended 08/27/02

    67 FR 54388

    Comment Period Extended End

    09/25/02

    Final Rule

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: Transferred from RIN 1512-AC10

    URL For Public Comments: www.ttb.gov/foia/nprm--comments/notice946--comments.htm

    Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury,

    Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: ramona.hupp@ttb.gov

    RIN: 1513-AA60

  130. PETITION TO ESTABLISH THE ``FORT ROSS SEAVIEW'' VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The proposed 27,500-acre Fort Ross-Seaview viticultural area is in the North Coast and Sonoma Coast viticultural areas. It is approximately 65 miles north-northwest from San Francisco, close to the

    Pacific coastline. A significant distinguishing factor of the viticultural area, based on its 920-foot and 1,800-foot elevations, is the sunny and warm growing season that contrasts to the surrounding foggy and cooler lower elevations.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/12/05

    70 FR 25000

    NPRM Comment Period End

    06/08/05

    Final Rule

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA64

  131. PETITION TO ESTABLISH THE ``SHAWNEE HILLS'' VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205(e)

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: TTB requests comments concerning the proposed establishment of the ``Shawnee Hills'' viticultural area in southern Illinois. The proposed Shawnee Hills viticultural area is approximately 80 miles long from the Ohio River on the east to the Mississippi River on the west, and approximately 20 miles wide from north to south. Approximately 160 acres are planted with wine varietals.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/08/05

    70 FR 17940

    NPRM Comment Period End

    06/07/05

    Final Rule

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Rita D. Butler, Specialist, Department of the Treasury,

    Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Room 200E,

    Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: rita.butler@ttb.gov

    RIN: 1513-AA70

  132. PROPOSED AMENDED BOUNDARIES FOR THE SANTA LUCIA HIGHLANDS AND THE

    ARROYO SECO VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205(e)

    CFR Citation: 27 CFR 9.139; 27 CFR 9.59

    Legal Deadline: None

    Abstract: TTB requests comments concerning the proposed changes to the boundaries of the Santa Lucia Highlands and Arroyo Seco viticultural areas located in Monterey County, California. The proposed boundary change extends portions of the Santa Luca Highlands viticultural area and curtails the Arroyo Seco viticultural area.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/24/05

    70 FR 3333

    NPRM Comment Period End

    03/25/05

    Other/Comment Period Extended 03/08/05

    70 FR 11178

    Other/Comment Period End

    05/25/05

    Final Rule

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA72

    Page 23096

  133. PROPOSED ESTABLISHMENT OF ALTA MESA VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 55,400-acre ``Alta Mesa'' viticultural area in the north central portion of the established Lodi viticultural area. The most distinguishing features of the area include

    ``Alta Mesa,'' a table-top landform, and San Joaquin soil series that dominates 90 percent of the land. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/15/05

    70 FR 47740

    NPRM Comment Period End

    10/14/05

    Final Rule

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA82

  134. PROPOSED ESTABLISHMENT OF THE COSUMNES RIVER VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The Lodi American Viticultural Areas Steering Committee proposes to establish the 54,700-acre ``Cosumnes River'' viticultural area in the northwest portion of the established Lodi viticultural area. The most distinguishing features of the area include the cool and windy climate, alluvial soils, and low elevation terrain. The Steering

    Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/15/05

    70 FR 47770

    NPRM Comment Period End

    10/14/05

    70 FR 47740

    Final Rule

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA83

  135. PROPOSED ESTABLISHMENT OF SLOUGHHOUSE VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The Lodi American Viticultural Areas Steering Committee proposes to establish the 78,800-acre ``Sloughhouse'' viticultural area within the northeast portion of the established Lodi viticultural area.

    The distinctive viticultural environment of the proposed Sloughhouse viticultural area includes warm temperatures, significant rain and fog, high elevations, and old soils. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/15/05

    70 FR 47740

    NPRM Comment Period End

    10/14/05

    Final Rule

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA84

  136. PROPOSED ESTABLISHMENT OF MOKELUMNE RIVER VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 85,700-acre ``Mokelumne River'' viticultural area in the southwest portion of the established Lodi viticultural area. The most distinguishing features of the area include the alluvial fan with its topography and geology in contrast to the surrounding areas, and the cool, breezy climate. The Steering Committee is petitioning for seven new viticultural areas within the original

    Lodi viticultural area boundaries.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/15/05

    70 FR 47740

    NPRM Comment Period End

    10/14/05

    Final Rule

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA85

  137. PROPOSED ESTABLISHMENT OF JAHANT VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Page 23097

    Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 28,000-acre ``Jahant'' viticultural area, located in the central-west portion of the established Lodi viticultural area. The most distinguishing features of the area are the pink Jahant loam soil with its unique grape-growing qualities, the terrain with its river terraces and old floodplain deposits, and the cool, dry, and windy climate. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/15/05

    70 FR 47740

    NPRM Comment Period End

    10/14/05

    Final Rule

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA86

  138. PROPOSED ESTABLISHMENT OF BORDEN RANCH VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 70,000-acre ``Borden Ranch'' viticultural area in the east central portion of the Lodi viticultural area. The most distinctive features include old alluvial fans, river terraces and plains, high elevations, and a windswept climate. The

    Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/15/05

    70 FR 47740

    NPRM Comment Period End

    10/14/05

    Final Rule

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA87

  139. PROPOSED ESTABLISHMENT OF CLEMENTS HILLS VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 84,500-acre ``Clements Hills'' viticultural area in the southeast portion of the established Lodi viticultural area. It is a topographic transition area between the low and flat San Joaquin Valley floor to the west and the progressively more mountainous Sierra Foothills to the east. The most distinguishing features of the Clements Hills area are the high elevation river terraces and rounded hilltops. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/15/05

    70 FR 47740

    NPRM Comment Period End

    10/14/05

    Final Rule

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA88

  140. PROPOSED ESTABLISHMENT OF TRACY HILLS VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: The Alcohol and Tobacco Tax and Trade Bureau proposes to establish the 39,200-acre Tracy Hills viticultural area in San Joaquin and Stanislaus Counties, California, approximately 55 miles east- southeast of San Francisco. The sloping hillside topography includes streams and alluvial fans and plains. The distinguishing climatic features of the proposed area include limited rainfall and persistent winds, along with sparse fog, frost, and dew.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/07/05

    70 FR 72733

    NPRM Comment Period End

    02/06/06

    Final Rule

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA89

  141. PROPOSED ESTABLISHMENT OF COVELO VITICULTURAL AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: Ralph Carter of Sonoma, California is petitioning to establish Covelo as an American viticultural

    Page 23098

    area. Covelo area is 164 miles north of San Francisco and immediately south of the Round Valley Indian Reservation in northern California.

    The proposed area has 38,000 acres with two acres of planted grape vines, but more area that the petitioner believes has good viticultural potential. The distinctive features include the bowl-shape of the

    Covelo valley area that contrasts to the narrow valleys, with north- south orientations, commonly found in Mendocino County. Also, it has a short grape-growing season when compared to other Mendocino County viticultural areas.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/02/05

    70 FR 5393

    NPRM Comment Period End

    04/04/05

    Final Rule

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton, AVA Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA90

  142. PETITION TO ESTABLISH ``CALISTOGA'' AS AN AMERICAN VITICULTURAL

    AREA

    Priority: Routine and Frequent

    Legal Authority: 27 USC 205

    CFR Citation: 27 CFR 9

    Legal Deadline: None

    Abstract: In response to a petition, the Alcohol and Tobacco Tax and

    Trade Bureau proposed to establish the Calistoga viticultural area in

    Calistoga, Napa Valley, California. We designate viticultural areas to allow bottlers to better describe the origin of wines and allow consumers to better identify the wines they may purchase. We invited comments on this proposed addition to our regulations, particularly from bottlers who use brand names similar to Calistoga.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/31/05

    70 FR 16451

    NPRM Comment Period End

    05/31/05

    Final Rule

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128,

    Morganza, MD 20660

    Phone: 301 290-1460

    Fax: 301 290-1463

    Email: lisa.gesser@ttb.gov

    RIN: 1513-AA92

  143. MATERIALS AUTHORIZED FOR THE TREATMENT OF WINE AND JUICE;

    PROCESSES AUTHORIZED FOR THE TREATMENT OF WINE, JUICE, AND DISTILLING

    MATERIAL

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 5381; 26 USC 5382; 26 USC 5385 to 5387

    CFR Citation: 24 CFR 246; 24 CFR 248

    Legal Deadline: None

    Abstract: TTB is revising its lists of approved wine treating materials and processes to add several new materials and processes and revise existing limitations for a few others.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    11/19/04

    69 FR 67639

    Interim Final Rule Comment

    Period End

    01/18/05

    Final Rule

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jennifer Berry, TTB Specialist, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152,

    Roanoke, VA 24014

    Phone: 540 344-9333

    Fax: 540 344-5855

    Email: jennifer.berry@ttb.gov

    RIN: 1513-AA96

  144. SUSPENSION OF SPECIAL (OCCUPATIONAL) TAX

    Priority: Substantive, Nonsignificant

    Legal Authority: PL 108-357, sec 246; 26 USC 5148

    CFR Citation: 27 CFR 17; 27 CFR 19; 27 CFR 24 to 27; 27 CFR 194

    Legal Deadline: Final, Statutory, July 1, 2005, Section 246 of the

    American Jobs Creation Act of 2004.

    Abstract: Implements section 246 of the American Jobs Creation Act of 2004 (Pub. L. 208-357), which provides that for the 3-year period from

    July 1, 2005, through June 30, 2008, the rate of special (occupational) tax on certain specified occupations shall be zero.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    10/31/05

    70 FR 62238

    Interim Final Rule Effective 07/01/05

    NPRM

    10/31/05

    70 FR 62258

    NPRM Comment Period End

    12/30/05

    Final Rule

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Steven C. Simon, Program Manager, Department of the

    Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G

    Street NW., Washington, DC 20220

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: steven.simon@ttb.gov

    RIN: 1513-AB04

    Page 23099

    Department of the Treasury (TREAS)

    Long-Term Actions

    Alcohol and Tobacco Tax and Trade Bureau (TTB)

    ALCOHOL

  145. PROHIBITION OF ALCOHOL BEVERAGE CONTAINERS AND STANDARD OF FILL

    FOR DISTILLED SPIRITS AND WINE

    Priority: Substantive, Nonsignificant

    CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/09/99

    64 FR 6486

    NPRM Comment Period End

    04/12/99

    Revised NPRM-Aggregate Packaging04/00/07

    Revised NPRM-Deceptive Packaging04/00/07

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Lisa M. Gesser

    Phone: 301 290-1460

    Fax: 301 290-1463

    Email: lisa.gesser@ttb.gov

    RIN: 1513-AA07

    TOBACCO PRODUCTS

  146. REMOVAL OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES,

    WITHOUT PAYMENT OF TAX, FOR USE BY THE UNITED STATES IN LAW ENFORCEMENT

    ACTIVITIES

    Priority: Substantive, Nonsignificant

    CFR Citation: 27 CFR 45.31

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    04/15/05

    70 FR 19888

    Interim Final Rule Effective 04/15/05

    Interim Final Rule Comment

    Period End

    06/15/05

    Final Rule

    12/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Linda W. Chapman

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: linda.chapman@ttb.gov

    RIN: 1513-AA99

  147. IMPLEMENTATION OF WINE CREDIT PROVISIONS OF PUBLIC LAW 104-188

    Priority: Substantive, Nonsignificant

    CFR Citation: 27 CFR 24.278; 27 CFR 24.279

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/02/97

    62 FR 29681

    NPRM Comment Period End

    08/01/97

    Interim Final Rule

    06/02/97

    62 FR 29663

    Final Action

    To Be

    Determined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Marjorie D. Ruhf

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: marjorie.ruhf@ttb.gov

    RIN: 1513-AA05

  148. IMPLEMENTATION OF PUBLIC LAW 105-34, SECTION 1416, RELATING TO

    REFUND OF TAX FOR DOMESTIC WINE RETURNED TO BOND REGARDLESS OF

    MERCHANTABILITY (TAXPAYER RELIEF ACT OF 1997)

    Priority: Substantive, Nonsignificant

    CFR Citation: 27 CFR 24.66; 27 CFR 24.295; 27 CFR 24.312

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    To Be

    Determined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Marjorie D. Ruhf

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: marjorie.ruhf@ttb.gov

    RIN: 1513-AA06

  149. AMENDED STANDARD OF IDENTITY FOR SHERRY

    Priority: Substantive, Nonsignificant

    CFR Citation: 27 CFR 4

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    To Be

    Determined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Marjorie D. Ruhf

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: marjorie.ruhf@ttb.gov

    RIN: 1513-AA08

  150. TAX-PAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT

    FOR BEVERAGE USE

    Priority: Substantive, Nonsignificant

    CFR Citation: 27 CFR 17

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Linda W. Chapman

    Phone: 202 927-8181

    Fax: 202 927-8525

    Email: linda.chapman@ttb.gov

    RIN: 1513-AA37

    Page 23100

    Department of the Treasury (TREAS)

    Completed Actions

    Alcohol and Tobacco Tax and Trade Bureau (TTB)

  151. WAHLUKE SLOPE VITICULTURAL AREA

    Priority: Routine and Frequent

    CFR Citation: 27 CFR 9

    Completed:

    Reason

    Date

    FR Cite

    Final Rule

    12/07/05

    70 FR 72707

    Final Rule Effective

    01/06/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton

    Phone: 415 271-1254

    Fax: 707-778-6349

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AB01

  152. PROHIBITED MARKS ON PACKAGES OF TOBACCO PRODUCTS AND CIGARETTE

    PAPERS AND TUBES IMPORTED OR BROUGHT INTO THE UNITED STATES

    Priority: Substantive, Nonsignificant

    CFR Citation: 27 CFR 275

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    02/10/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Agency Contact: Linda W. Chapman

    Phone: 202 927-8181

    Fax: 202 927-8525

    Email: linda.chapman@ttb.gov

    RIN: 1513-AA14

  153. REGULATORY CHANGES FROM CUSTOMS SERVICE FINAL RULE

    Priority: Substantive, Nonsignificant

    CFR Citation: 27 CFR 44

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    02/10/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Linda W. Chapman

    Phone: 202 927-8181

    Fax: 202 927-8525

    Email: linda.chapman@ttb.gov

    RIN: 1513-AA26

  154. SHIPMENTS OF TOBACCO PRODUCTS OR CIGARETTE PAPERS OR TUBES WITHOUT

    PAYMENT OF TAX

    Priority: Substantive, Nonsignificant

    CFR Citation: 27 CFR 40; 27 CFR 275

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    02/10/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Linda W. Chapman

    Phone: 202 927-8181

    Fax: 202 927-8525

    Email: linda.chapman@ttb.gov

    RIN: 1513-AA27

  155. PROPOSED RED HILL DOUGLAS COUNTY, OREGON AMERICAN VITICULTURAL

    AREA

    Priority: Routine and Frequent

    CFR Citation: 27 CFR 9

    Completed:

    Reason

    Date

    FR Cite

    Final Rule

    10/14/05

    70 FR 59996

    Final Rule Effective

    11/14/05

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA39

  156. MARKS, LABELS, NOTICES, AND BONDS FOR, AND REMOVAL OF, TOBACCO

    PRODUCTS, AND CIGARETTE PAPERS AND TUBES

    Priority: Substantive, Nonsignificant

    CFR Citation: 27 CFR 40; 27 CFR 275

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    02/10/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Linda W. Chapman

    Phone: 202 927-8181

    Fax: 202 927-8525

    Email: linda.chapman@ttb.gov

    RIN: 1513-AA49

  157. IN-TRANSIT STOPS OF TOBACCO PRODUCTS, AND CIGARETTE PAPERS AND

    TUBES WITHOUT PAYMENT OF TAX

    Priority: Substantive, Nonsignificant

    CFR Citation: 27 CFR 40; 27 CFR 44

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    02/10/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Linda W. Chapman

    Phone: 202 927-8181

    Fax: 202 927-8525

    Email: linda.chapman@ttb.gov

    RIN: 1513-AA52

  158. PETITION NO. 2 TO EXPAND THE RUSSIAN RIVER VALLEY VITICULTURAL

    AREA

    Priority: Routine and Frequent

    CFR Citation: 27 CFR 9

    Completed:

    Reason

    Date

    FR Cite

    Final Rule

    09/08/05

    70 FR 53297

    Final Rule Effective

    10/11/05

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    Related RIN: Related to 1513-AA68

    RIN: 1513-AA67

  159. PETITION TO ESTABLISH ``TEXOMA'' AS A VITICULTURAL AREA

    Priority: Routine and Frequent

    CFR Citation: 27 CFR 9

    Page 23101

    Completed:

    Reason

    Date

    FR Cite

    Final Rule

    12/07/05

    70 FR 72713

    Final Rule Effective

    01/06/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jennifer Berry

    Phone: 540 344-9333

    Fax: 540 344-5855

    Email: jennifer.berry@ttb.gov

    RIN: 1513-AA77

  160. RAMONA VALLEY VITICULTURAL AREA

    Priority: Routine and Frequent

    CFR Citation: 27 CFR 9

    Completed:

    Reason

    Date

    FR Cite

    Final Rule

    12/07/05

    70 FR 72717

    Final Rule Effective

    01/06/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA94

  161. DOS RIOS VITICULTURAL AREA

    Priority: Routine and Frequent

    CFR Citation: 27 CFR 9

    Completed:

    Reason

    Date

    FR Cite

    Final Rule

    10/14/05

    70 FR 59993

    Final Rule Effective

    11/14/05

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Nancy Sutton

    Phone: 202 927-8210

    Fax: 202 927-8525

    Email: nancy.sutton@ttb.gov

    RIN: 1513-AA95

  162. NIAGARA ESCARPMENT VITICULTURAL AREA

    Priority: Routine and Frequent

    CFR Citation: 27 CFR 9

    Completed:

    Reason

    Date

    FR Cite

    Final Rule

    09/08/05

    70 FR 53300

    Final Rule Effective

    10/11/05

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jennifer Berry

    Phone: 540 344-9333

    Fax: 540 344-5855

    Email: jennifer.berry@ttb.gov

    RIN: 1513-AA97

    BILLING CODE 4810--33--S

    Department of the Treasury (TREAS)

    Prerule Stage

    Comptroller of the Currency (OCC)

  163. ACCURACY AND INTEGRITY OF INFORMATION FURNISHED TO A CONSUMER

    REPORTING AGENCY

    Priority: Substantive, Nonsignificant

    Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12

    USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC 1681s; 15 USC 1681s-2; 15 USC 1681w; 15 USC 6801; 15 USC 6805

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: OCC, along with the Board of Governors of the Federal Reserve

    System, the Federal Deposit Insurance Corporation, the Office of Thrift

    Supervision, the National Credit Union Administration, and the Federal

    Trade Commission, has jointly issued an advance notice of proposed rulemaking, section 312 of the FACT Act relating to the accuracy and integrity of the information furnished to a consumer reporting agency and the ability of consumers to dispute information directly with persons that furnish information to a consumer reporting agency.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    03/22/06

    71 FR 14419

    ANPRM Comment Period End

    05/22/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Patrick T. Tierney, Senior Attorney, Department of the

    Treasury, Comptroller of the Currency, Legislative and Regulatory

    Activities Division, 250 E Street SW., Washington, DC 20219

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: patrick.tierney@occ.treas.gov

    RIN: 1557-AC89

    Department of the Treasury (TREAS)

    Proposed Rule Stage

    Comptroller of the Currency (OCC)

  164. REGULATORY BURDEN REDUCTION AND TECHNICAL AMENDMENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 5 USC 504; 5 USC 552; 5 USC 554 to 557; 12

    USC 1 et seq.; 12 USC 24; 12 USC 24a; 12 USC 71; 12 USC 71a; 12 USC 84; 12 USC 92 to 92a; 12 USC 93 to 93a; 12 USC 161; 12 USC 164; 12 USC 215a-2; 12 USC 215a-3; 12 USC 375a to 375b; 12 USC 481 to 482; 12 USC 484; 12 USC 505; 12 USC 1442; 12 USC 1817 to 1818; 12 USC 1820 to 1821; 12 USC 1831m; 12 USC 1831p-1; 12 USC 1831o; 12 USC 1833e; 12 USC 1867; 12 USC 1951 et seq.; 12 USC 1972; 12 USC 2601 et seq.; 12 USC 2801 et seq.; 12 USC 2901 et seq.; 12 USC 3101 et seq.; 12 USC 3102; 12 USC

    Page 23102

    3108; 12 USC 3401 et seq.; 12 USC 3909; 12 USC 4717; 15 USC 77uu; 15

    USC 78; 15 USC 78o-4; 15 USC 78o-5; 15 USC 78q; 15 USC 78q-1; 15 USC 78s; 15 USC 78u-2; 15 USC 78u-3; 15 USC 78w; 18 USC 641; 18 USC 1905- 1906; 28 USC 2461 note; 29 USC 1204; 31 USC 330; 31 USC 5321; 31 USC 9701; 42 USC 3601; 42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC 4106; 42 USC 4128; 44 USC 3506; 44 USC 3510

    CFR Citation: 12 CFR 1 to 5; 12 CFR 7; 12 CFR 9 to 11; 12 CFR 16; 12

    CFR 19; 12 CFR 21; 12 CFR 22 to 23; 12 CFR 26 to 28; 12 CFR 31 to 32; 12 CFR 37; 12 CFR 40

    Legal Deadline: None

    Abstract: This rulemaking would revise the OCC's rules in order to reduce regulatory burden and make technical, clarifying, and conforming changes. The revisions would update part 1 to codify recent OCC precedents and clarify current requirements, make technical changes to parts 4 and 5 to reflect the OCC's recent organizational restructuring; simplify, clarify, and make conforming and technical corrections to the

    OCC's corporate application procedures and standards in part 5; conform parts 5, 23, 31 and 32 to the Federal Reserve Board's Regulation W; revise part 7 to clarify and expand the scope of a national bank's authority to act as a guarantor or surety; to update and clarify national bank authority to engage in electronic activities; conform part 9 to regulations adopted by the Securities and Exchange

    Commission; streamline certain requirements under part 16; update and make technical corrections to part 37; and amend various parts of title 12 to remove OCC authority over District of Columbia-chartered banks pursuant to the 2004 District of Columbia Omnibus Authorization Act.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Heidi M. Thomas, Special Counsel, Department of the

    Treasury, Comptroller of the Currency, Legislative and Regulatory

    Activities Division, 250 E Street SW., Washington, DC 20219

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: heidi.thomas@occ.treas.gov

    RIN: 1557-AC79

  165. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR

    FINANCIAL INSTITUTIONS AND CREDITORS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Unfunded Mandates: Undetermined

    Legal Authority: 15 USC 1681c; 15 USC 1681m

    CFR Citation: 12 CFR 41

    Legal Deadline: None

    Abstract: OCC, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift

    Supervision (the Federal Banking Agencies), the National Credit Union

    Administration, and the Federal Trade Commission are issuing a joint proposal to establish guidelines and regulations to implement section 114 of the FACT Act of 2003. Section 114 requires the Federal Banking

    Agencies to jointly issue guidelines for financial institutions and creditors identifying patterns, practices, and specific forms of activity that indicate the possible existence of identity theft. In addition, the Federal Banking Agencies must issue regulations requiring each financial institution and creditor to establish reasonable policies and procedures to implement the guidelines. The regulations must contain a provision requiring a card issuer to notify the cardholder if the card issuer receives a notice of change of address for an existing account, and a short time later receives a request for an additional or replacement card.

    Section 315 of the FACT Act requires the Agencies to issue a regulation describing reasonable polices and procedures for a user of consumer credit reports that receives a notice of discrepancy from a consumer reporting agency (CRA), informing the user of a substantial discrepancy between the address for the consumer that the user provided to request the consumer report and the addresses in the file of the CRA. The policies and procedures must enable the user to form a reasonable belief that the user knows the identity of the consumer to whom the consumer report pertains. In addition, the regulation must require a user that establishes a continuing relationship with a consumer to furnish to the consumer reporting agency that provided the notice of discrepancy the correct address of the consumer as part of the information that the user regularly furnishes for the period in which the relationship is established.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Agency Contact: Deborah Katz, Senior Counsel, Department of the

    Treasury, Comptroller of the Currency, Legislative and Regulatory

    Activities Division, 250 E Street SW., Washington, DC 20219

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: deborah.katz@occ.treas.gov

    RIN: 1557-AC87

  166. IMPLEMENTATION OF A REVISED BASEL CAPITAL ACCORD (BASEL II)

    Priority: Economically Significant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 12 USC 93a; 12 USC 3907

    CFR Citation: 12 CFR 3

    Legal Deadline: None

    Abstract: As part of OCC's ongoing efforts to develop and refine capital standards to ensure the safety and soundness of the national banking system and to implement statutory requirements, OCC is amending various provisions of the capital rules for national banks. This change involves the implementation of the new framework for the Basel Capital

    Accord (Basel II). OCC is conducting this rulemaking jointly with the other Federal Banking Agencies.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    08/04/03

    68 FR 45900

    NPRM

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Page 23103

    Agency Contact: Ron Shimabukuro, Special Counsel, Department of the

    Treasury, Comptroller of the Currency, Legislative and Regulatory

    Activities Division, 250 E Street SW., Washington, DC 20219

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: ron.shimabukuro@occ.treas.gov

    Related RIN: Split from 1557-AB14

    RIN: 1557-AC91

  167. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES;

    CAPITAL MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

    Priority: Other Significant

    Legal Authority: 12 USC 93a; 12 USC 3907

    CFR Citation: 12 CFR 3

    Legal Deadline: None

    Abstract: As part of OCC's ongoing efforts to develop and refine the capital standards to enhance their risk sensitivity and ensure the safety and soundness of the national banking system, OCC is proposing to amend various provisions of the capital rules. This change involves the amendment of the current risk-based capital rules for those banks that will not qualify to use the new Basel Capital Accord (Basel II) capital framework. OCC is conducting this rulemaking jointly with the other Federal Banking Agencies.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    10/20/05

    70 FR 61068

    ANPRM Comment Period End

    01/18/06

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Agency Contact: Laura Goldman, Counsel, Department of the Treasury,

    Comptroller of the Currency, Legislative and Regulatory Activities

    Division, 250 E Street SW., Washington, DC 20219

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: laura.goldman@occ.treas.gov

    RIN: 1557-AC95

  168. RISK-BASED CAPITAL STANDARDS: MARKET RISK

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 12 U.S.C. 1 et seq; 12 U.S.C. 93a; 12 U.S.C. 161; 12

    U.S.C. 1818; 12 U.S.C. 3907; 12 U.S.C. 3909

    CFR Citation: 12 CFR 3

    Legal Deadline: None

    Abstract: As part of the ongoing effort to implement the Basel II capital framework, the OCC is proposing to amend the current market risk capital requirements for national banks. See the International

    Convergence of Capital Measurement and Capital Standards: A Revised

    Framework (June 2004) and the Application of Basel II to Treading

    Activities and the Treatment of Double Default (April 2005). This proposal is part of a joint Agency notice of proposed rule with the other Federal Banking Agencies to make the current market risk capital requirements generally more risk sensitive with respect to the capital treatment of trading activities in banks and bank holding companies.

    Specifically, the Federal Banking Agencies propose to require banks to hold additional capital for the risk of default of trading positions beyond the 10-day horizon currently required by the current market risk capital requirement. A bank may develop its own approach or use an approach similar to that for credit risk of its non-trading positions to calculate the capital charge.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Ron Shimabukuro, Special Counsel, Department of the

    Treasury, Comptroller of the Currency, Legislative and Regulatory

    Activities Division, 250 E Street SW., Washington, DC 20219

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: ron.shimabukuro@occ.treas.gov

    RIN: 1557-AC99

    Department of the Treasury (TREAS)

    Final Rule Stage

    Comptroller of the Currency (OCC)

  169. FAIR CREDIT REPORTING: AFFILIATE MARKETING REGULATIONS

    Priority: Other Significant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12

    USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC 1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805; PL 108-159

    CFR Citation: 12 CFR 41

    Legal Deadline: Other, Statutory, September 4, 2004, See section 214 of the FACT Act, PL 108-159.

    Abstract: OCC plans to issue a rulemaking that would implement the affiliate-sharing provisions of section 214 of the Fair and Accurate

    Credit Transactions Act (FACT Act). The regulation would implement the consumer notice and opt-out provisions of the FACT Act regarding the sharing of consumer information among affiliates for marketing purposes.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/15/04

    69 FR 42502

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Patrick T. Tierney, Senior Attorney, Department of the

    Treasury, Comptroller of the Currency, Legislative and Regulatory

    Activities Division, 250 E Street SW., Washington, DC 20219

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: patrick.tierney@occ.treas.gov

    RIN: 1557-AC88

    Page 23104

  170. ASSESSMENT OF FEES

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 12 USC 93a; 12 USC 481; 12 USC 482; 12 USC 1867; 12

    USC 3102; 12 USC 3108; 15 USC 78c; 15 USC 78l

    CFR Citation: 12 CFR 8

    Legal Deadline: None

    Abstract: OCC is planning to issue a final rule to revise the current process of assessment invoicing in part 8. Under the rule, OCC, rather than each national bank, will calculate the semiannual assessment fee.

    The fee will be due by March 31 and September 30 of each year, 2 months later than under the current system. OCC will notify each national bank of the amount of its assessment and will automatically deduct that amount from each bank's designated bank account on the payment due date. The rule makes no changes to the method of calculating the assessments.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    11/17/05

    70 FR 69641

    Interim Final Rule Comment

    Period End

    12/19/05

    Final Action

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jean Campbell, Senior Attorney, Department of the

    Treasury, Comptroller of the Currency, Legislative and Regulatory

    Activities Division, 250 E Street SW., Washington, DC 20219

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: jean.campbell@occ.treas.gov

    RIN: 1557-AC96

    Department of the Treasury (TREAS)

    Long-Term Actions

    Comptroller of the Currency (OCC)

  171. RECORDKEEPING REQUIREMENTS FOR BANK EXCEPTIONS FROM SECURITIES

    BROKER OR DEALER REGISTRATION

    Priority: Substantive, Nonsignificant

    CFR Citation: Not Yet Determined

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    To Be

    Determined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Stuart E. Feldstein

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: stuart.feldstein@occ.treas.gov

    RIN: 1557-AB93

  172. INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY

    NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT

    Priority: Substantive, Nonsignificant

    CFR Citation: 12 CFR 40

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    12/30/03

    68 FR 75164

    ANPRM Comment Period End

    03/29/04

    NPRM

    To Be

    Determined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Heidi M. Thomas

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: heidi.thomas@occ.treas.gov

    RIN: 1557-AC80

    Department of the Treasury (TREAS)

    Completed Actions

    Comptroller of the Currency (OCC)

  173. FAIR CREDIT REPORTING: USE OF MEDICAL INFORMATION

    Priority: Other Significant

    CFR Citation: 12 CFR 41

    Completed:

    Reason

    Date

    FR Cite

    Final Action

    11/22/05

    70 FR 70664

    Correction

    12/22/05

    70 FR 75931

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Patrick T. Tierney

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: patrick.tierney@occ.treas.gov

    RIN: 1557-AC85

  174. SECURITIES BORROWING TRANSACTIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 12 CFR 3

    Completed:

    Reason

    Date

    FR Cite

    Final Action

    02/22/06

    71 FR 8932

    Final Action Effective

    02/22/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Ron Shimabukuro

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: ron.shimabukuro@occ.treas.gov

    Related RIN: Split from 1557-AB14

    RIN: 1557-AC90

  175. ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS

    Priority: Substantive, Nonsignificant

    CFR Citation: 12 CFR 4; 12 CFR 19

    Page 23105

    Completed:

    Reason

    Date

    FR Cite

    Final Action

    11/17/05

    70 FR 69633

    Final Action Effective

    12/17/05

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Mitchell Plave

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: mitchell.plave@occ.treas.gov

    RIN: 1557-AC94

  176. DISTRICT OF COLUMBIA-CHARTERED BANKS

    Priority: Substantive, Nonsignificant

    CFR Citation: 12 CFR 1-3; 12 CFR 5; 12 CFR 8; 12 CFR 10-11; 12 CFR 16; 12 CFR 19; 12 CFR 21 to 22; 12 CFR 26 to 28; 12 CFR 40

    Completed:

    Reason

    Date

    FR Cite

    Merged With 1557-AC79

    11/01/05

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Heidi M. Thomas

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: heidi.thomas@occ.treas.gov

    RIN: 1557-AC97

  177. SECURITIES OFFERING DISCLOSURE RULES; NONPUBLIC OFFERINGS

    Priority: Substantive, Nonsignificant

    CFR Citation: 12 CFR 16

    Completed:

    Reason

    Date

    FR Cite

    Merged With 1557-AC79

    11/01/05

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jean Campbell

    Phone: 202 874-5090

    Fax: 202 874-4889

    Email: jean.campbell@occ.treas.gov

    RIN: 1557-AC98

    BILLING CODE 4830--01--S

    Department of the Treasury (TREAS)

    Proposed Rule Stage

    Internal Revenue Service (IRS)

  178. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Section 1203 of the Tax Reform Act of 1986 amends section 904(f) by adding paragraph (f)(5) at the end thereof, which requires that foreign source losses with respect to any income category first offset a taxpayer's other foreign source income before such losses offset the taxpayer's U.S. source income. The regulation will provide rules for the allocation of foreign source losses.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-209044-89 (INTL-338-89)

    Drafting attorney: Richard L. Chewning (202) 622-3850

    Reviewing attorney: Barbara A. Felker (202) 622-3850

    CC:INTL

    Agency Contact: Richard L. Chewning, Senior Counsel, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3850

    RIN: 1545-AM11

  179. OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN CORPORATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 367

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The income tax regulations under section 367(a) will be amended to reflect the changes made to that section by the Technical and Miscellaneous Corrections Act of 1988. Section 367(a)(5) now provides that a transfer of assets to a foreign corporation in an exchange described in section 361 is subject to section 367(a)(1), unless certain ownership requirements and other conditions are met. The regulations will provide guidance regarding the application of this section. The change in the statute was necessitated by the repeal of

    ``General Utilities.''

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-209006-89 (INTL-089-89)

    Drafting attorney: Milton Cahn (202) 622-3860

    Reviewing attorney: Charles P. Besecky (202) 622-3860

    CC:INTL

    Agency Contact: Milton M. Cahn, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3860

    RIN: 1545-AM97

  180. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 953

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Page 23106

    Abstract: This regulation will provide substantive and procedural rules regarding the election under section 953(d) to treat certain controlled foreign corporations engaged in the insurance business as domestic corporations.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-208980-89 (INTL-765-89)

    Drafting attorney: Valerie A. Mark-Lippe (202) 622-3840

    Reviewing attorney: Phyllis Marcus (202) 622-3840

    CC:INTL

    Agency Contact: Valerie A. Mark-Lippe, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    RIN: 1545-AO25

  181. TAXATION OF GLOBAL TRADING

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 864; 26 USC 482; 26 USC 863

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations will improve the taxation of global trading.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    08/28/90

    55 FR 35152

    NPRM

    03/06/98

    63 FR 11177

    NPRM Comment Period End

    06/04/98

    Hearing

    07/14/98

    Second NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-208299-90 (INTL-70-90)

    Drafting attorney: Theodore D. Setzer (202) 622-3870

    Reviewing attorney: Paul S. Epstein (202) 622-3870

    Treasury attorney: Patricia Brown (202) 622-1781

    CC:INTL

    Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3870

    RIN: 1545-AP01

  182. INFORMATION REPORTING AND RECORD MAINTENANCE

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 7801; 26 USC 6038C

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will implement the directives of section 6038C. This will be accomplished by requiring foreign corporations engaged in a U.S. business to provide specific information regarding related party transactions.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-208265-90 (INTL-102-90)

    Drafting attorney: Gregory A. Spring (202) 622-3870

    Reviewing attorney: Paul S. Epstein (202) 622-3870

    Treasury attorney: Andrew Froberg (202) 622-1779

    CC:INTL

    Agency Contact: Gregory A. Spring, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3870

    RIN: 1545-AP10

  183. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 414

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations define the term ``highly compensated employee'' under section 414(q) of the Code. Temporary and proposed regulations, under sections 414(q) and 414(s), were published February 19, 1988 (53 FR 4965). Final regulations, under section 414(s), were published September 19, 1991 (56 FR 47659), under project EE-129-86.

    The regulations under 414(q) were split off from project EE-129-86. It is anticipated that proposed regulations under section 414(q) will be published in the future under project REG-209558-92 (EE-32-92).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/19/88

    53 FR 4999

    NPRM Comment Period End

    04/19/88

    Partially Closed by TD 8548

    06/27/94

    59 FR 32911

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Local, State

    Federalism: Undetermined

    Additional Information: REG-209558-92

    Drafting attorney: Christopher A. Crouch (202) 622-6090

    Reviewing attorney: E. Preston Rutledge (202) 622-6090

    Treasury attorney: W. Thomas Reeder (202) 622-1341

    CC: TEGE

    Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    CC: TEGE: EB: QP1, Washington, DC 20224

    Phone: 202 622-6090

    Fax: 202 927-1851

    Email: christopher.a.crouch@ irscounsel.treas.gov

    RIN: 1545-AQ74

  184. INTEGRATED FINANCIAL TRANSACTION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 864

    CFR Citation: 26 CFR 1

    Page 23107

    Legal Deadline: None

    Abstract: The regulation addresses whether funding raised for a securities dealing and/or trading operation, and whether matched book sale and repurchase transactions conducted by securities dealers qualify as integrated financial transactions under section 1.861-10(c).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-209604-93 (INTL-001-93)

    Drafting attorney: Theodore D. Setzer (202) 622-3870

    Reviewing attorney: Paul S. Epstein (202) 622-3870

    Treasury attorney: Patricia Brown (202) 622-1781

    CC:INTL

    Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3870

    RIN: 1545-AR20

  185. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations will provide attribution rules for foreign trusts with respect to foreign personal holding companies, foreign passive investment companies, and controlled foreign corporations.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Federalism: Undetermined

    Additional Information: REG-252774-96

    Drafting attorney: M. Grace Fleeman (202) 622-3880

    Reviewing attorney: Elizabeth Karzon (202) 622-3880

    CC:INTL

    Agency Contact: M. Grace Fleeman, Senior Counsel, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3880

    RIN: 1545-AU91

  186. SUBSTANTIATING TRAVEL EXPENSE DEDUCTIONS FOR MEMBERS OF CONGRESS

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1; 26 CFR 5

    Legal Deadline: None

    Abstract: This regulation provides rules for the substantiation of

    Congress members' travel expenses. The current regulations are out of date because the authorizing legislation was subsequently repealed.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-105513-97

    Drafting attorney: George Baker (202) 622-4930

    Treasury attorney: Eric San Juan (202) 622-0224

    CC: ITA

    Agency Contact: George B. Baker, Branch Chief, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4930

    RIN: 1545-AV55

  187. RULES FOR SOURCING CERTAIN TRANSPORTATION INCOME, SPACE, OR OCEAN

    ACTIVITY INCOME, AND RELATED FOREIGN BASE COMPANY SHIPPING INCOME

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulation provides guidance for application of the source rules for transportation income under section 863(c).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-115557-98

    Drafting attorney: Patricia A. Bray and David L. Lundy (202) 622-3880

    Reviewing attorney: Elizabeth U. Karzon (202) 622-3880

    Treasury attorney: Gretchen Sierra (202) 622-1755

    CC:INTL

    Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3880

    RIN: 1545-AX02

  188. GUIDANCE ON COST RECOVERY IN THE ENTERTAINMENT INDUSTRY

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation relates to the application of the income forecast method under section 167(g) of the Internal Revenue Code.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/31/02

    67 FR 38025

    Second NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Page 23108

    Government Levels Affected: None

    Additional Information: REG-103823-99

    Drafting attorney: Bernard P. Harvey, III (202) 622-3110

    Reviewing attorney: Charles B. Ramsey (202) 622-3110

    Treasury attorney: George Manousos (202) 622-0865

    CC:PSI

    Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3110

    RIN: 1545-AX12

  189. INSPECTION OF WRITTEN DETERMINATIONS

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: This regulation amends Treasury Regulation sections 301.6110- 1 through 301.6110-7 relating to written determinations.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-113129-98

    Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570

    Reviewing attorney: Donald Squires (202) 622-4570

    Treasury attorney: Michael Desmond (202) 622-1981

    CC:PA:DPL

    Agency Contact: Deborah C. Lambert-Dean, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4570

    RIN: 1545-AX40

  190. AWARDING OF COSTS AND CERTAIN FEES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 7430

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The proposed amendments to the Treasury Regulations incorporate the 1997 and 1998 amendments to 26 U.S.C. 7430, relating to the awarding of attorney's fees in administrative and court proceedings. The amendments to 26 U.S.C. 7430 were enacted under the

    Taxpayer Relief Act of 1997 and the IRS Restructuring and Reform Act of 1998.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-111833-99

    Drafting attorney: Tami C. Belouin (202) 622-3847

    Reviewing attorneys: Susan T. Mosley (202) 622-7950 and Henry S.

    Schneiderman (202) 622-3400

    Treasury attorney: Michael Desmond (202) 622-1981

    CC:PA:APJ

    Agency Contact: Tami C. Belouin, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3847

    RIN: 1545-AX46

  191. HIGHLY COMPENSATED EMPLOYEE

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 414

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will provide the definition of highly compensated employee.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-111277-99

    Drafting attorney: Christopher A. Crouch (202) 622-6090

    Reviewing attorney: E. Preston Rutledge (202) 622-6090

    CC: TEGE

    Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    CC: TEGE: EB: QP1, Washington, DC 20224

    Phone: 202 622-6090

    Fax: 202 927-1851

    Email: christopher.a.crouch@ irscounsel.treas.gov

    RIN: 1545-AX48

  192. DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION 1297

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 1297

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation defines a passive foreign investment company

    (PFIC) under section 1297(a) and the terms ``passive income'' and

    ``passive asset'' under section 1297(b). The regulation will also set forth the exceptions to the terms ``passive income'' and ``passive asset,'' and provide guidance on the applicability of the look-through rule under section 1297(c), in cases involving PFICs that own 25 percent or more of a lower-tier foreign subsidiary. In addition, the regulation will provide guidance under section 1297(e), regarding the overlap rule between a controlled foreign corporation and a PFIC.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-100427-00

    Drafting attorney: Ethan A. Atticks (202) 622-3840

    Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840

    Page 23109

    Treasury attorney: David Ernick (202) 622-1754

    CC:INTL

    Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    RIN: 1545-AX78

  193. CLARIFICATION OF FOREIGN-BASED COMPANY SALES INCOME RULES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 954

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation clarifies when a controlled foreign corporation cannot exclude sales income from foreign-based company sales income under the manufacturing exception by reason of activities of a contract manufacturer. Likewise, the branch rule under IRC section 954(d)(2) does not apply to a contract manufacturer.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-106356-00

    Drafting attorney: Valerie A. Mark-Lippe (202) 622-3840

    Reviewing attorney: Phyllis E. Marcus (202) 622-3840

    CC:INTL

    Agency Contact: Valerie A. Mark-Lippe, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    RIN: 1545-AX91

  194. TAXABLE YEARS OF CONTROLLED FOREIGN CORPORATIONS (CFCS) AND

    FOREIGN PERSONAL HOLDING COMPANIES (FPHCS)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 898

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will provide definitions and rules for determining the required year for certain CFCs.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-108523-00

    Drafting attorney: Jeffrey L. Vinnik (202) 622-3840

    Reviewing attorney: Phyllis Marcus (202) 622-3840

    CC:INTL

    Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    RIN: 1545-AY30

  195. DOLLAR-VALUE LIFO

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 472; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will provide guidance under the dollar-value last-in, first-out (LIFO) inventory method for taxpayers that define

    LIFO items based on components of cost.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: REG-107580-00

    Drafting attorney: Scott H. Rabinowitz (202) 622-4970

    Reviewing attorney: Jeffery G. Mitchell (202) 622-4970

    Treasury attorney: Sharon Kay (202) 622-0865

    CC:ITA

    Agency Contact: Scott H. Rabinowitz, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4970

    RIN: 1545-AY39

  196. SPECIAL RULES RELATING TO TRANSFERS OF INTANGIBLES TO FOREIGN

    CORPORATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 367

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations will address the income tax consequences relating to the transfer of intangibles to foreign corporations.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Federalism: Undetermined

    Additional Information: REG-106877-00

    Drafting attorney: Tracy D. Perry (202) 622-3860

    Reviewing attorney: Thomas D. Beem (202) 622-3860

    Treasury attorney: David Ernick (202) 622-1754

    CC:INTL

    Agency Contact: Tracy D. Perry, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3860

    RIN: 1545-AY41

    Page 23110

  197. PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805; 26 USC 959

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will address the determination of previously taxed earnings and profits under subpart F.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-121509-00

    Drafting attorney: Jeffrey L. Vinnik (202) 622-3840

    Reviewing attorney: Phyllis E. Marcus (202) 622-3840

    CC:INTL

    Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    RIN: 1545-AY54

  198. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 357; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These proposed regulations relate to the assumption of liabilities in certain corporate transactions under section 357 of the

    Internal Revenue Code, and affect corporations and their shareholders.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    05/06/03

    68 FR 23931

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-100818-01

    Drafting attorney: Douglas C. Bates (202) 622-7550

    Reviewing attorney: Debra Carlisle (202) 622-7550

    CC: COR

    Agency Contact: Douglas C. Bates, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7550

    RIN: 1545-AY74

  199. DISCLOSURE OF RETURNS AND RETURN INFORMATION IN JUDICIAL AND

    ADMINISTRATIVE TAX PROCEEDINGS

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 6103; 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: This proposed rule relates to the disclosure of returns and return information in judicial and administrative tax proceedings pursuant to 26 U.S.C. 6103(h)(4).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-120297-01

    Drafting attorney: Sarah Tate (202) 622-4570

    Reviewing attorney: Donald M. Squires (202) 622-4570

    Treasury attorney: Michael Desmond (202) 622-1981

    CC: PA: DPL

    Agency Contact: Sarah Tate, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4570

    RIN: 1545-AY89

  200. TRANSACTIONS INVOLVING OBLIGATIONS OF CONSOLIDATED GROUP MEMBERS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 1502

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The proposed regulations are in regard to intercompany obligations.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-107592-00

    Drafting attorney: Frances L. Kelly (202) 622-7072

    Reviewing attorney: Michael J. Wilder (202) 622-3393

    CC: COR

    Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7072

    Email: frances.l.kelly@irscounsel.treas.gov

    Related RIN: Related to 1545-AW30

    RIN: 1545-BA11

  201. DEDUCTIBILITY OF EMPLOYER CONTRIBUTIONS FOR DEFERRED COMPENSATION

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations will update and clarify the general rules for deductibility of employer contributions to qualified retirement plans and other deferred compensation arrangements.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Page 23111

    Government Levels Affected: None

    Additional Information: REG-139449-01

    Drafting attorney: Linda S.F. Marshall (202) 622-6090

    Reviewing attorney: Mark Schwimmer (202) 622-6090

    Treasury attorney: Thomas Reeder (202) 622-1341

    CC:TEGE

    Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6090

    RIN: 1545-BA13

  202. SUSPENSION OF STATUTES OF LIMITATION IN JOHN DOE AND THIRD-PARTY

    SUMMONS DISPUTES, AND EXPANSION OF TAXPAYERS' RIGHTS TO RECEIVE NOTICE

    AND SEEK JUDICIAL REVIEW OF THIRD PARTY SUMMONSES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7603; 26 USC 7609; 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: The proposed regulation provides guidance regarding modified rules for serving summonses on third-party recordkeepers, the broadened range of summonses subject to the notice requirements, and the suspension of limitations periods when court actions are brought or when a summoned third party fails to fully respond to a summons. This proposed regulation incorporates the changes enacted in the Internal

    Revenue Service Restructuring and Reform Act of 1998, Omnibus Budget

    Reconciliation Act of 1990, Technical and Miscellaneous Revenue Act of 1988, and the Tax Reform Act of 1986. This regulation is a continuation of the regulation project previously numbered at REG-208225-88.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-153037-01

    Drafting attorney: Elizabeth D. Rawlins (202) 622-3600

    Reviewing attorney: Peter J. Devlin (202) 622-3600

    Treasury attorney: Michael Desmond (202) 622-1981

    CC: PA: CBS

    Agency Contact: Elizabeth D. Rawlins, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3600

    RIN: 1545-BA31

  203. ALLOCATION AND APPORTIONMENT RULES: GUIDANCE ON SELECTED ISSUES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 863

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation provides guidance with respect to the allocation and apportionment under section 861 of selected deductions, e.g., disaster losses and research and experimentation expenses.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-128240-01

    Drafting attorney: Teresa B. Hughes (202) 622-3850

    Reviewing attorney: Anne O. Devereaux (202) 622-3850

    Treasury attorney: John Harrington (202) 622-0589

    CC:INTL

    Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3850

    RIN: 1545-BA64

  204. ALLOCATION OF NEW MARKETS TAX CREDIT

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 45D; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations will address how the section 45D new markets tax credit should be allocated to the partners of a partnership under section 704(b) of the Internal Revenue Code and will address related partnership issues.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: REG-131999-02

    Drafting attorney: James A. Quinn (202) 622-3070

    CC: PSI

    Agency Contact: James A. Quinn, Senior Counsel, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3070

    RIN: 1545-BA84

  205. SECTION 1248 ATTRIBUTION PRINCIPLES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will address the manner in which earnings and profits are attributed to shares under sections 1248 and 367.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-135866-02

    Drafting attorney: Michael I. Gilman (202) 622-3850

    Page 23112

    Reviewing attorney: Richard L. Chewning (202) 622-3850

    Treasury attorney: Gretchen Sierra (202) 622-1755

    CC:INTL

    Agency Contact: Michael I. Gilman, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20024

    Phone: 202 622-3850

    RIN: 1545-BA93

  206. GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: This regulation will facilitate electronic tax administration.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/08/05

    70 FR 72954

    Hearing

    04/04/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-137243-02

    Drafting attorney: Dillon Taylor (202) 622-4940

    Reviewing attorney: Ashton P. Trice (202) 622-4940

    Treasury attorney: Michael Desmond (202) 622-1981

    CC:PA:APJ

    Agency Contact: Dillon Taylor, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Room 5127,

    Washington, DC 20224

    Phone: 202 622-4940

    Fax: 202 622-1585

    Email: dillon.j.taylor@irscounsel.treas.gov

    RIN: 1545-BA96

  207. COMMUNICATIONS EXCISE TAX; TAXABLE COMMUNICATION SERVICES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 4251; 26 USC 7805

    CFR Citation: 26 CFR 49

    Legal Deadline: None

    Abstract: This regulation provides a definition of taxable communications services under section 4251.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    07/02/04

    69 FR 40345

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-137076-02

    Drafting attorney: Taylor Cortright (202) 622-3130

    Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez

    (202) 622-3000

    Treasury attorney: John Parcell (202) 622-2578

    CC:PSI

    Agency Contact: Taylor Cortright, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3130

    RIN: 1545-BB04

  208. ACCRUAL RULES FOR CREDITABLE FOREIGN TAXES AND GUIDANCE ON CHANGE

    IN TAXABLE YEAR

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These proposed regulations will clarify the rules for determining when a creditable foreign tax accrues and may be claimed as a credit, and will provide guidance for determining the allowable foreign tax credit upon a change in the U.S. taxable year.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: REG-144597-02

    Drafting attorney: Teresa B. Hughes (202) 622-3850

    Reviewing attorney: Barbara A. Felker (202) 622-3850

    CC:INTL

    Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3850

    RIN: 1545-BB27

  209. APPLICATION OF SEPARATE LIMITATIONS TO DIVIDENDS FROM

    NONCONTROLLED SECTION 902 CORPORATION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 904(d)(6)

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The American Jobs Creation Act of 2004 amended the foreign tax credit limitation rules under section 904(d) and extended lookthrough treatment to dividends paid by a 10/50 lookthrough corporation, generally effective retroactively for tax years beginning after December 31, 2002. These regulations would provide guidance needed to comply with these changes, including transition rules for dividends paid by a 10/50 lookthrough corporation.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-144784-02

    Drafting attorney: Ginny Y. Chung (202) 622-3850

    Reviewing attorney: Barbara Felker (202) 622-3850

    CC:INTL

    Agency Contact: Ginny Y. Chung, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3850

    RIN: 1545-BB28

    Page 23113

  210. AMENDING THE LOW-INCOME HOUSING TAX CREDIT PROGRAM

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 42; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations are amendments to the general public use requirements in the low-income housing tax credit program.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-151145-02

    Drafting attorney: Jack Malgeri (202) 622-3040

    Reviewing attorney: Paul Handleman (202) 622-3040

    Treasury attorney: Sharon Kay (202) 622-0865

    CC:PSI

    Agency Contact: Jack Malgeri, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3040

    RIN: 1545-BB37

  211. SUBSTITUTE DIVIDEND PAYMENTS IN SECURITIES LENDING AND SIMILAR

    TRANSACTIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 7701; 26 USC 863

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation relates to taxation of cross-border and foreign-to-foreign substitute dividend payments in securities lending and similar transactions.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Federal

    Additional Information: REG-130751-01

    Drafting attorney: Theodore D. Setzer (202) 622-3870

    Reviewing attorney: David Bowen (202) 622-3800

    CC:INTL

    Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3870

    RIN: 1545-BB56

  212. LOSS ON SUBSIDIARY STOCK

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 337(d); 26 USC 7805; 26 USC 1502

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations will provide guidance to corporations that are members of an affiliated group filing a consolidated income tax return and that own stock of a subsidiary. The regulations will provide rules relating to the loss allowed on a disposition of subsidiary and stock, to the reduction of the subsidiary's attributes.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-157711-02

    Drafting attorney: Martin T. Huck (202) 622-7216

    Reviewing attorney: Theresa Abell (202) 622-4117

    CC: COR

    Agency Contact: Martin T. Huck, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7216

    RIN: 1545-BB61

  213. LIQUIDATION OF AN INTEREST

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 2704(b); 26 USC 7805

    CFR Citation: 26 CFR 25

    Legal Deadline: None

    Abstract: This regulation relates to additional rules for determining when restrictions on liquidation are disregarded in valuing an interest under section 2704 of the Internal Revenue Code.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-163113-02

    Drafting attorney: John MacEachen (202) 622-7830

    Reviewing attorney: George Masnik (202) 622-3090

    Treasury attorney: Catherine Hughes (202) 622-9407

    CC: PSI

    Agency Contact: John MacEachen, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7830

    RIN: 1545-BB71

  214. REMIC RESIDUALS--TIMING OF INCOME FOR FOREIGN HOLDERS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 860G(b); 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations under 26 U.S.C. 860G(b) will govern the recognition of income associated with REMIC residual interests that is allocated to foreign person, including a foreign partner in a U.S. partnership.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-159929-02

    Drafting attorney: Arturo Estrada (202) 622-3900

    Page 23114

    Treasury attorneys: Andrew Froberg (202) 622-1779

    Michael Novey (202) 622-1339

    CC: FI

    Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3900

    RIN: 1545-BB84

  215. DEPENDENT CARE CREDIT

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 21; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The notice of proposed rulemaking will amend existing but partially obsolete regulations under 26 U.S.C. 21 relating to dependent care credits.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-139059-02

    Drafting attorney: Sara P. Shepherd (202) 622-4960

    Reviewing attorney: William A. Jackson (202) 622-4960

    CC:ITA

    Agency Contact: Sara P. Shepherd, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 4231, Washington, DC 20224

    Phone: 202 622-4960

    RIN: 1545-BB86

  216. GENERAL ALLOCATION AND ACCOUNTING REGULATIONS

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation provides rules for the allocation of and accounting for bond proceeds for purposes of determining whether bonds are private activity bonds under section 141 of the Internal Revenue

    Code.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: State

    Federalism: Undetermined

    Additional Information: REG-140379-02

    Drafting attorney: Johanna Som de Cerff (202) 622-3980

    CC: TEGE

    Agency Contact: Johanna Som de Cerff, Senior Technican Reviewer,

    Department of the Treasury, Internal Revenue Service, 1111 Constitution

    Avenue NW, Washington, DC 20224

    Phone: 202 622-3980

    RIN: 1545-BC07

  217. UTILITY ALLOWANCE REGULATION UPDATE

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 42; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will modify and update utility allowance regulations under section 1.42-10, which provides for an alternative method for computing utility allowances under section 1.42- 10(b)(4)(ii). Also, the regulation will provide for annual updates of utility allowances.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-128274-03

    Drafting attorney: David Selig (202) 622-3040

    Reviewing attorney: Paul Handleman (202) 622-3040

    Treasury attorney: Sharon Kay (202) 622-0865

    CC: PSI

    Agency Contact: David Selig, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3040

    RIN: 1545-BC22

  218. ADDITIONAL GUIDANCE REGARDING MARK-TO-MARKET ACCOUNTING FOR

    TRADERS IN SECURITIES AND/OR COMMODITIES, INCLUDING FOREIGN CURRENCY

    INSTRUMENTS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805; 26 USC 988(a)(1)(B)

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation provides additional rules relating to the trader mark-to-market election: 1) The coordination of income character rules of the mark-to-market regime with the capital election under section 988(a)(1)(B); 2) the definition of commodities for purposes of section 475; and 3) the application of the mark-to-market rules for traders that trade both securities and commodities in a single business.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-135660-03

    Drafting attorney: Camille B. Evans (202) 622-3800

    Reviewing attorney: Paul S. Epstein (202) 622-3870

    Treasury attorney: Andrew Froberg (202) 622-1779

    CC:INTL

    Agency Contact: Camille B. Evans, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3800

    RIN: 1545-BC48

    Page 23115

  219. STEWARDSHIP EXPENSES

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The current regulations under section 1.861-8(e)(4), titled

    ``Stewardship Expenses Attributable to Dividends Received,'' are confusing and subject to misuse by taxpayers. In conjunction with the proposed services regulations under section 482, it is proposed to revise these regulations to clarify the parameters of stewardship expenses, thereby demarcating them from shareholder activities under section 482 and supportive expenses under section 1.861-8T(b)(3).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-138603-03

    Drafting attorney: David F. Bergkuist (202) 622-3850

    Reviewing attorney: Anne O. Devereaux (202) 622-3850

    Treasury attorney: David Ernick (202) 622-1754

    CC:INTL

    Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3850

    RIN: 1545-BC52

  220. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1; 26 CFR 301

    Legal Deadline: None

    Abstract: Internal Revenue Code section 7654 contains provisions for coordination of United States and certain possessions income taxes.

    Specifically, section 7654 provides for ``cover over'' of the net collection of taxes imposed under chapter 1 or deducted and withheld under chapter 24. Section 7654 of the Internal Revenue Code of 1986 provides specific rules for cover over with regard to the possessions

    American Samoa and the U.S. Virgin Islands.

    Section 7654 of the 1954 Code, as amended in 1972 by Public Law 92-606, provides specific rules for cover over with regard to the possessions

    Guam and the Northern Mariana Islands (NMI). Section 7654 of the 1954

    Code remains applicable to Guam and the NMI because neither of these two possessions has an effective implementing agreement with the United

    States, in accordance with the Tax Reform Act of 1986, Public Law 99- 514.

    The regulations will provide rules under both the 1954 Code and the 1986 Code versions of section 7654.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-139900-03

    Drafting attorney: Javier G. Salinas (202) 435-5262

    Reviewing attorney: Ricardo A. Cadenas (202) 435-5262

    Treasury attorney: Gretchen Sierra (202) 622-1755

    CC: INTL

    Agency Contact: Javier G. Salinas, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 435-5262

    Related RIN: Related to 1545-BD32

    RIN: 1545-BC54

  221. GUIDANCE UNDER SECTION 2053 REGARDING POST-DEATH EVENTS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 20

    Legal Deadline: None

    Abstract: These regulations relate to the amount deductible under section 2053(a)(3) of the Internal Revenue Code. The regulations will affect estates of decedents where claims exist against the decedent's estate.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Undetermined

    Federalism: Undetermined

    Additional Information: REG-143316-03

    Drafting attorney: DeAnn K. Malone (202) 622-3112

    Reviewing attorney: Melissa Liquerman (202) 622-7830

    Treasury attorney: Cathy Hughes (202) 622-9407

    CC:PSI

    Agency Contact: DeAnn K. Malone, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3112

    RIN: 1545-BC56

  222. BELOW-MARKET LOANS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805; 26 USC 7872(h)

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The proposed regulations relate to the Federal income tax consequences of certain below-market loans.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Page 23116

    Additional Information: REG-209226-84

    Drafting attorney: David B. Silber (202) 622-3930

    Reviewing attorney: William Blanchard (202) 622-3950

    Treasury attorney: Viva Hammer (202) 622-0869

    CC:FI

    Agency Contact: David B. Silber, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3930

    RIN: 1545-BC78

  223. REGULATIONS GOVERNING THE PERFORMANCE OF ACTUARIAL SERVICES UNDER

    THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 29 USC 1241; 26 USC 7805

    CFR Citation: 20 CFR 901

    Legal Deadline: None

    Abstract: Regulations governing the performance of actuarial service under the Employee Retirement Income Security Act of 1974 (ERISA). The regulations will cover the qualifications required for enrollment, continuing education requirements for enrolled actuaries, professional standards for the performance of actuarial services under ERISA, the grounds for disciplinary action against an enrolled actuary, and the procedures to be followed in taking disciplinary actions.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-159704-03

    Drafting attorney: Michael J. Roach (202) 622-6090

    CC:TEGE

    Agency Contact: Michael J. Roach, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6090

    RIN: 1545-BC82

  224. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF

    ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6103; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation concerns the disclosure of corporate tax information to the Bureau of Economic Analysis, Department of Commerce.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-148864-03

    Drafting attorney: Melinda K. Fisher (202) 622-4580

    CC: PA: DPL

    Agency Contact: Melinda K. Fisher, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20024

    Phone: 202 622-4580

    RIN: 1545-BC93

  225. GUIDANCE REGARDING THE ACTIVE TRADE OR BUSINESS REQUIREMENT UNDER

    SECTION 355(B)

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The proposed rulemaking will provide guidance regarding the active trade or business requirement under section 355(b).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-123365-03

    Drafting attorney: Russell P. Subin (202) 622-7790

    Reviewing attorney: Richard Coss (202) 622-7790

    CC: COR

    Agency Contact: Russell P. Subin, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7790

    RIN: 1545-BC94

  226. ACCUMULATED ADJUSTMENT ACCOUNT AND OTHER CORPORATE SEPARATIONS

    UNDER SECTION 355

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These proposed regulations will amend the current regulations under section 1.1368-2 in order to address the proper treatment of an S corporation's accumulated adjustment account in a section 355 transaction not preceded by a section 368(a)(1)(D) reorganization.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-168722-03

    Drafting attorney: Deane M. Burke (202) 622-3070

    Reviewing attorney: James Quinn (202) 622-3070

    CC:PSI

    Agency Contact: Deane M. Burke, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3070

    RIN: 1545-BC98

    Page 23117

  227. SUPPORT TEST IN THE CASE OF A CHILD OF DIVORCED PARENTS

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 152; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These proposed regulations will update section 1.152-4.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-149856-03

    Drafting attorney: Victoria J. Driscoll (202) 622-4920

    Reviewing attorney: Stephen J. Toomey (202) 622-4920

    Treasury attorney: Eric San Juan (202) 622-0224

    CC: ITA

    Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4920

    Fax: 202 622-6853

    RIN: 1545-BD01

  228. DEFINITION OF QUALIFIED FOREIGN CORPORATION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805(a); 26 USC 1

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: Notice 2003-79, section 5, published on December 15, 2003, states that the IRS intends to issue regulations, for years after 2003, that provide procedures for a foreign corporation to certify that it is a qualified foreign corporation for purposes of IRC section 1(h)(11)(C). (Temporary rules provided in Notice 2003-79 were subsequently extended by Notice 2004-71, published on November 8, 2004, and by Notice 2006-3, published January 17, 2006.) The regulations will also provide procedures for certifying that a security that is not a common or ordinary share is equity rather than debt; that a foreign company is entitled to benefits under a comprehensive income tax treaty where a security is not readily tradable on a recognized U.S. stock exchange; and that the foreign corporation is not a PFIC in the taxable year in which a dividend is paid, or in the preceding taxable year. The regulations are also expected to address the meaning of the requirement in the legislative history that to qualify under a treaty for purposes of 1(h)(11) ``substantially all of . . .[the foreign corporation's] income in the taxable year in which the dividend is paid'' must qualify for treaty benefits.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-107420-04

    Drafting attorney: David L. Lundy (202) 622-3880

    Reviewing attorney: Elizabeth U. Karzon (202) 622-3880

    Treasury attorney: Andrew D. Froberg (202) 622-1779

    CC:INTL

    Agency Contact: David L. Lundy, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3880

    RIN: 1545-BD15

  229. REMIC INTEREST-ONLY REGULAR INTERESTS

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These rules relate to the proper timing of income or deduction attributable to an interest-only regular interest in a Real

    Estate Mortgage Investment Conduit (REMIC).

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    08/25/04

    69 FR 52212

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-106679-04

    Drafting attorney: Kathleen Sleeth (202) 622-3920

    Reviewing attorney: Dale Collinson (202) 622-3920

    Treasury attorney: Michael Novey (202) 622-1339

    CC:FI

    Agency Contact: Kathleen Sleeth, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3920

    RIN: 1545-BD18

  230. SECTION 42 QUALIFIED CONTRACT PROVISIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 42; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This proposed regulation under sections 42(h)(6)(F) and 42(h)(6)(K) will provide guidance for provisions relating to qualified contracts.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Undetermined

    Additional Information: REG-114084-03

    Drafting attorney: Jack Malgeri (202) 622-3040

    Reviewing attorney: Susan Reaman (202) 622-3040

    Treasury reviewer: Sharon Kay (202) 622-0865

    CC: PSI

    Agency Contact: Jack Malgeri, Attorney-Advisor, Department of the

    Page 23118

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3040

    RIN: 1545-BD20

  231. PAYMENTS FOR WHICH NO RETURN OF INFORMATION IS REQUIRED UNDER

    SECTION 6041

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 26 USC 6041; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This proposed regulation will remove section 1.6041-3(g) of the Income Tax Regulations.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-147136-03

    Drafting attorney: William Kostak (202) 622-4910

    Reviewing attorney: James C. Gibbons (202) 622-7085

    Treasury attorney: John Parcell (202) 622-2578

    CC: PA: APJ

    Agency Contact: William M. Kostak, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4910

    RIN: 1545-BD21

  232. DEFINITION OF DISQUALIFIED PERSON

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These proposed regulations provide certain changes to the definition of a disqualified person under section 1.1031-1(k) of the income tax regulations to facilitate the ability of banks and bank affiliates to act as qualified intermediaries in section 1031 exchanges.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-160005-03

    Drafting attorney: Brendan P. O'Hara (202) 622-4920

    Reviewing attorney: Steven Toomey (202) 622-4920

    Treasury attorney: Matthew Lay (202) 622-1788

    CC: ITA

    Agency Contact: Brendan P. O'Hara, Attorney Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4920

    RIN: 1545-BD28

  233. TRANSFERS OF RESTRICTED STOCK

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 83; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The proposed regulations address the application of section 83 to the transfer of substantially nonvested stock to a related person.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-127147-04

    Drafting attorney: Stephen B. Tackney (202) 622-6030

    Treasury attorney: Dan Hogans (202) 622-1332

    CC: TEGE

    Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 4030, Washington, DC 20224

    Phone: 202 622-6030

    Fax: 202 622-7865

    Email: stephen.b.tackney@irscounsel.treas.gov

    Related RIN: Related to 1545-BD45

    RIN: 1545-BD44

  234. CLASSIFICATION OF INDIAN TRIBAL CORPORATIONS

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7701; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulation will provide guidance regarding classification of Indian Tribal Corporations for Federal tax purposes.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Federalism: Undetermined

    Additional Information: REG-136069-04

    Drafting attorney: Barbara Campbell (202) 622-3050

    Reviewing attorney: Dianna Miosi (202) 622-3050

    CC:PSI

    Agency Contact: Barbara Campbell, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3050

    RIN: 1545-BD61

  235. DECLARATORY JUDGMENT--GIFT TAX VALUE

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7477; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Proposed regulations relating to the redetermination of value of

    Page 23119

    certain gifts in a declaratory judgment action.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Undetermined

    Federalism: Undetermined

    Additional Information: REG-143716-04

    Drafting attorney: Juli Ro Kim (202) 622-3090

    Reviewing attorney: George Masnik (202) 622-3090

    Treasury attorney: Cathy Hughes (202) 622-9407

    CC: PSI

    Agency Contact: Juli Ro Kim, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3090

    RIN: 1545-BD67

  236. REGULATIONS UNDER SECTION 706 REGARDING DETERMINATION OF

    DISTRIBUTIVE SHARE WHEN A PARTNER'S INTEREST CHANGES

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 706; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will provide rules regarding the determination of a partner's distributive share when the partner's interest changes.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-144689-04

    Drafting attorney: Laura C. Fields (202) 622-3050

    Reviewing attorney: David Haglund (202) 622-3050

    Treasury attorney: Matthew Lay (202) 622-1788

    CC: PSI

    Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3050

    RIN: 1545-BD71

  237. SHAREHOLDER'S BASIS IN STOCK OF AN S CORPORATION

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805; 26 USC 1367

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will provide rules relating to the determination of a shareholder's basis in stock of an S corporation.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: REG-144859-04

    Drafting attorney: Stacy L. Short (202) 622-3070

    Reviewing attorney: Christine Ellison (202) 622-3070

    Treasury attorney: Matthew Lay (202) 622-1788

    CC:PSI

    Agency Contact: Stacy L. Short, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3070

    RIN: 1545-BD72

  238. GUIDANCE UNDER SECTION 707(C) REGARDING GUARANTEED PAYMENTS

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 707; 26 USC 7805

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: This regulation will modify the regulations under section 707(c) to address certain situations involving guaranteed payments to partners.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-144694-04

    Drafting attorney: Jason T. Smyczek (202) 622-3050

    Reviewing attorney: David Haglund (202) 622-3050

    Treasury attorney: Matthew Lay (202) 622-1788

    CC: PSI

    Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3050

    RIN: 1545-BD74

  239. UPDATE AND REVISION OF TREASURY REGULATION SECTIONS 1.381(C)(4)

    AND (5)-1

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 381(c)(4); 26 USC 381(c)(5); 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The proposed amendments will focus on how to determine the principal accounting method; how taxpayers will procedually change when they're not permitted to use or prefer not to use the principal accounting method; how taxpayers will reflect the difference in computing taxable income when they change their accounting methods; reconciling Treasury Regulation section 1.381(c)(4) language, terms, and conditions with Treasury Regulation section 1.381(c)(5); and reordering, simplifying, and indexing Treasury Regulation sections 1.381 (c)(4) and (5).

    Page 23120

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-151884-03 and REG-151887-03

    Drafting attorney: Cheryl L. Oseekey (202) 622-4970

    Reviewing attorney: Jeffery G. Mitchell (202) 622-4970

    Treasury attorney: Sharon Kay (202) 622-0865

    CC: ITA

    Agency Contact: Cheryl L. Oseekey, General Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4970

    RIN: 1545-BD81

  240. AMENDMENTS TO 26 CFR SECTION 1.263(A)-5 REGARDING TREATMENT OF

    CAPITALIZED COSTS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 263(a); 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The IRS and Treasury Department intend to propose regulations to address the treatment of amounts that facilitate certain tax-free and taxable transactions and other restructurings and that are required to be capitalized under section 263(a) and section 1.263(a)-5.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-143640-04

    Drafting attorney: Angella L. Warren (202) 622-4950

    Reviewing attorney: Glenn Bogdonoff (202) 622-4950

    Treasury attorneys: Sharon Kay (202) 622-0865 and George Manousos (202) 622-1335

    CC: ITA

    Agency Contact: Angella L. Warren, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4950

    RIN: 1545-BD82

  241. GUIDANCE REGARDING SELECTED ISSUES UNDER SECTION 336(E)

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 336; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The proposed regulations will address the circumstances in which a corporation that owns stock in another corporation, meeting the requirements of section 1504(a)(2), and sells, exchange, or distributes a disposition of the assets of such other corporation.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-143544-04

    Drafting attorney: Mark Weiss (202) 622-7790

    Reviewing attorney: Ken Cohen (202) 622-7790

    CC: COR

    Agency Contact: Mark Weiss, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7790

    RIN: 1545-BD84

  242. DEFINITION OF THE ``DUE DATE'' FOR PURPOSES OF CALCULATING

    OVERPAYMENT INTEREST UNDER SECTION 301.6611(H)

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 6611; 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: These regulations will amend 26 CFR section 301.6611-1(h) to clarify the allowance for overpayment interest in cases in which an overpayment is credited against an underpayment.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-148576-04

    Drafting attorney: Tatiana Belenkaya (202) 622-4910

    Reviewing attorney: Pamela W. Fuller (202) 622-4910

    CC: PA: APJ

    Agency Contact: Tatiana L. Belenkaya, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4910

    RIN: 1545-BD86

  243. REDUCTION OF FUEL EXCISE TAX EVASION

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 48

    Legal Deadline: None

    Abstract: Changes to tax on aviation grade kerosene and other excise taxes related to taxable fuels.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Page 23121

    Government Levels Affected: Undetermined

    Federalism: Undetermined

    Additional Information: REG-153838-04

    Drafting attorney: Deborah Karet (202) 622-3130

    Reviewing attorney: Frank Boland (202) 622-3130 and Lewis Fernandez

    (202) 622-3000

    Treasury attorney: John Parcell (202) 622-2578

    CC: PSI

    Agency Contact: Deborah Karet, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3130

    RIN: 1545-BE03

  244. ELIMINATION OF COUNTRY-BY-COUNTRY REPORTING TO SHAREHOLDERS OF

    FOREIGN TAXES PAID BY REGULATED INVESTMENT COMPANIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 6031

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will generally eliminate country-by-country reporting to shareholders of foreign source income and foreign taxes paid by a regulated investment company (RIC). A RIC will continue to report this information directly to the IRS. The regulations will affect certain RICs that pay foreign taxes and their shareholders.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-105248-04

    Drafting attorney: Susan T. Baker (202) 622-3930

    Treasury attorneys: John Harrington (202) 622-0589

    Michael Novey (202) 622-1339

    CC: FI

    Agency Contact: Susan T. Baker, Assistant to the Branch Chief,

    Department of the Treasury, Internal Revenue Service, 1111 Constitution

    Avenue NW, Washington, DC 20224

    Phone: 202 622-3930

    RIN: 1545-BE09

  245. INTRA-GROUP GROSS RECEIPTS UNDER SECTION 41

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 41; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The proposed regulations will address the treatment of intra- group transactions in the determination of a controlled group's gross receipts for purposes of the section 41 research credit.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Undetermined

    Additional Information: REG-159420-04

    Drafting attorney: Brenda M. Stewart (202) 622-3120

    Reviewing attorney: Leslie H. Finlow (202) 622-3120

    Treasury attorney: Sharon Kay (202) 622-0865

    CC: PSI

    Agency Contact: Brenda M. Stewart, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3120

    RIN: 1545-BE14

  246. CAPITALIZATION OF AMOUNTS PAID TO REPAIR OR IMPROVE TANGIBLE

    PROPERTY

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will clarify the extent to which taxpayers must capitalize expenditures to repair, improve, or rehabilitate tangible property.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-168745-03

    Drafting attorney: Kimberly L. Koch (202) 622-7739

    Reviewing attorney: Robert M. Casey (202) 622-4950

    Treasury attorney: Sharon Kay (202) 622-0865

    CC:ITA

    Agency Contact: Kimberly L. Koch, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7739

    Fax: 202 622-7241

    RIN: 1545-BE18

  247. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS

    CREATION ACT OF 2004 (AJCA)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 1301; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The project will amend the farm income averaging regulations under section 1.1301-1 to include the concept of fishing business.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-161695-04

    Drafting attorney: Amy J. Pfalzgraf (202) 622-4950

    Treasury attorney: John Cross (202) 622-2578

    CC: ITA

    Agency Contact: Amy J. Pfalzgraf, Attorney-Advisor, Department of the

    Page 23122

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4950

    Related RIN: Related to 1545-BE39

    RIN: 1545-BE23

  248. SECTION 6011 REGULATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6011; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations are an update to the taxpayer disclosure regulations for reportable transactions under section 1.6011-4.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-103038-05

    Drafting attorney: Tara P. Volungis (202) 622-3080

    Reviewing attorney: Christine Ellison (202) 622-3080

    Treasury attorney: Michael Desmond (202) 622-1981

    CC: PSI

    Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3080

    Related RIN: Related to 1545-BE25

    RIN: 1545-BE24

  249. SECTION 6111 REGULATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6111; 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: These regulations are for section 6111, as revised under the

    American Jobs Creation Act of 2004, which will provide the rules for material advisors regarding disclosure of reportable transactions.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-103039-05

    Drafting attorney: Tara P. Volungis (202) 622-3080

    Reviewing attorney: Christine Ellison (202) 622-3080

    Treasury attorney: Michael Desmond (202) 622-1981

    CC:PSI

    Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3080

    Related RIN: Related to 1545-BE27

    RIN: 1545-BE26

  250. SECTION 6112 REGULATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6112; 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: The regulations are an update to the list maintenance regulations under section 6112 to take into account changes to the statute made in the ``American Jobs Creation Act of 2004.''

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-103043-05

    Drafting attorney: Tara P. Volungis (202) 622-3080

    Reviewing attorney: Christine Ellison (202) 622-3080

    Treasury attorney: Michael Desmond (202) 622-1981

    CC: PSI

    Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3080

    Related RIN: Related to 1545-BE29

    RIN: 1545-BE28

  251. TRACTORS, TRAILERS, TRUCKS, AND TIRES

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 48

    Legal Deadline: None

    Abstract: This project will provide guidance on trucks, tractors, trailers, and tires in light of legislative changes and litigation.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: Undetermined

    Federalism: Undetermined

    Additional Information: REG-103380-05

    Drafting attorney: Celia Gabrysh (202) 622-3130

    Reviewing attorneys: Barbara Franklin (202) 622-3130 and Lewis

    Fernandez (202) 622-3000

    Treasury attorney: John Parcell (202) 622-2578

    CC: PSI

    Agency Contact: Celia A. Gabrysh, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3130

    RIN: 1545-BE31

  252. RELEASE OF LIEN OR DISCHARGE OF PROPERTY

    Priority: Info./Admin./Other

    Legal Authority: 26 USC 6325; 26 USC 6503; 26 USC 7426; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Proposed regulations that reflect the enactment of sections 6325(b)(4), 7426(a)(4) and (b)(5), and 6503(f)(2) of the IRS

    Restructuring and Reform Act of 1998, giving third-party

    Page 23123

    owners of property administrative and judicial remedies to discharge tax liens from their property.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-159444-04

    Drafting attorney: Debra A. Kohn (202) 622-3620

    Reviewing attorney: Lawrence Schattner (202) 622-3620

    Treasury attorney: Michael Desmond (202) 622-1981

    CC: PA: CBS

    Agency Contact: Debra A. Kohn, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3620

    Email: debra.akohn@irscounsel.treas.gov

    RIN: 1545-BE35

  253. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS

    CREATION ACT OF 2004 (AJCA) (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 1301; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The project will amend the farm income averaging regulations under section 1.1301-1 to include the concept of fishing business.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulation

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-161695-04

    Drafting attorney: Amy J. Pfalzgraf (202) 622-4950

    Treasury attorney: John Parcell (202) 622-2578

    CC: ITA

    Agency Contact: Amy J. Pfalzgraf, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4950

    Related RIN: Related to 1545-BE23

    RIN: 1545-BE39

  254. DEFINITION OF DEPENDENT AND OTHER RELATED PROVISIONS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Unfunded Mandates: Undetermined

    Legal Authority: 26 USC 7805; 26 USC 152

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: This project will update regulations under sections 2, 151, 152, and other sections of the Internal Revenue Code that refer to the definition of ``dependent'' in section 152, as amended by the Working

    Families Tax Relief Act of 2004.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-106682-05

    Drafting attorney: Victoria J. Driscoll (202) 622-4920

    Reviewing attorney: Michael J. Monterurro (202) 622-4920

    Treasury attorney: Eric San Juan (202) 622-0224

    CC: ITA

    Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4920

    Fax: 202 622-6853

    RIN: 1545-BE40

  255. BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE

    PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 9501; 26 USC 7804; PL 105-206, sec 1201; PL 105- 206, sec 1204; 26 USC 7805; . . .

    CFR Citation: 26 CFR 801

    Legal Deadline: None

    Abstract: The IRS will issue a notice of proposed rulemaking to accompany temporary regulations amending 26 CFR part 801 to remove limitations on use of quantity measures in measuring and evaluating organizational and employee performance, and to add examples of proper use of quantity measures and records of tax enforcement results.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Federal

    Additional Information: REG-114444-05

    Drafting attorney: Karen Keller (202) 283-7919

    Reviewing attorney: Neil B. Worden (202) 283-7911

    Treasury attorney: Michael Desmond (202) 622-1981

    CC:GLS:CL

    Agency Contact: Karen Keller, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-7919

    Related RIN: Related to 1545-BE46

    RIN: 1545-BE45

  256. INFORMATION RETURNS REQUIRED WITH RESPECT TO CERTAIN FOREIGN

    CORPORATIONS AND OTHER CONFORMING CHANGES

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Page 23124

    Abstract: This regulation will provide guidance regarding accounting methods and penalties under section 6038.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-109512-05

    Drafting attorney: Kate Y. Hwa (202) 622-3840

    Reviewing attorney: Phyllis Marcus (202) 622-3840

    Treasury attorney: John Harrington (202) 622-0589

    CC:INTL

    Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    RIN: 1545-BE47

  257. SPECIAL DEPRECIATION ALLOWANCE--EXTENDED PLACED-IN-SERVICE DATE

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Provides rules relating to property that is eligible for extended placed-in-service date for purposes of the first year depreciation allowance.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-120914-05

    Drafting attorney: Patrick S. Kirwan (202) 622-3110

    Reviewing attorney: Kathleen Reed (202) 622-3110

    Treasury reviewer: George Manousos (202) 622-1335

    CC:PSI

    Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3110

    Related RIN: Related to 1545-BE56

    RIN: 1545-BE55

  258. RESEARCH EXPENDITURES RESULTING IN INVENTORY PROPERTY

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 174; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations will address the treatment, under section 174, of amounts paid or incurred for the direct labor and materials used to construct property to be sold to third parties.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Undetermined

    Additional Information: REG-124148-05

    Drafting attorney: Nicole R. Cimino (202) 622-3120

    Reviewing attorney: Leslie Finlow (202) 622-3120

    Treasury attorney: Sharon Kay (202) 622-0865

    CC:PSI

    Agency Contact: Nicole R. Cimino, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3120

    RIN: 1545-BE64

  259. SECTION 401(A)(4) GUIDANCE

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 401; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Provide additional guidance on satisfying the section 401(a)(4) nondiscrimination requirement with respect to benefits or contributions.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-127586-05

    Drafting attorney: Christopher A. Crouch (202) 622-6090

    Reviewing attorney: Linda S. Marshall (202) 622-6090

    Treasury attorney: Harlan Weller (202) 622-1001

    CC: TEGE

    Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    CC: TEGE: EB: QP1, Washington, DC 20224

    Phone: 202 622-6090

    Fax: 202 927-1851

    Email: christopher.a.crouch@ irscounsel.treas.gov

    RIN: 1545-BE69

  260. INFORMATION REPORTING ON REAL ESTATE TRANSACTIONS

    Priority: Info./Admin./Other

    Legal Authority: 26 USC 6011; 26 USC 6045

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation amends 26 CFR section 1.6045-4 of the Income

    Tax Regulations by providing that a sale or exchange of an interest in timber for an outright or a lump sum amount is subject to information reporting under 26 U.S.C. section 6045(e).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-155669-04

    Drafting attorney: Tatiana Belenkaya (202) 622-4910

    Reviewing attorney: James C. Gibbons (202) 622-4910

    CC:PA:APJ

    Agency Contact: Tatiana L. Belenkaya, Attorney, Department of the

    Treasury,

    Page 23125

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-4910

    RIN: 1545-BE73

  261. START-UP AND ORGANIZATIONAL EXPENDITURES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 195; 26 USC 248; 26 USC 709; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The proposed regulations implement the changes to sections 195, 248, and 709 of the Internal Revenue Code, made by section 902 of the American Jobs Creation Act of 2004 (Pub. L. No. 108-357). Under the

    Act, a corporate taxpayer may elect to deduct up to $5000 of start-up expenditures and $5000 of organizational expenditures in the taxable year in which the trade or business begins. The remainder of the start- up or organizational expenditures are allowed as deductions ratably over the 180-month period beginning with the month the corporation begins business. Similar rules are provided for organizational and syndication fees for partnerships.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: REG-164965-04

    Drafting attorney: Grace K. Matuszeski (202) 622-7900

    Treasury attorney: George Manousos (202) 622-1335

    CC: ITA

    Agency Contact: Grace Matuszeski, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7900

    RIN: 1545-BE77

  262. FOREIGN CURRENCY CONTRACT DEFINED (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 1256(g)(2); 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations relates to the definition of a foreign currency contract for purposes of section 1256(g)(2) of the Internal

    Revenue Code.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-120934-05

    Drafting attorney: Stephen J. Coleman (202) 622-6289

    CC:FI

    Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6289

    Related RIN: Related to 1545-BE82

    RIN: 1545-BE83

  263. LIFE/NON-LIFE TACKING RULE

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 1502; 26 USC 7805; 26 USC 1503(c); 26 USC 1504(c)

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The proposed regulations address the tacking rule requirement relating to the separation of profit and loss activities.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-133036-05

    Drafting attorney: Ross E. Poulsen (202) 622-7770

    CC: COR

    Agency Contact: Ross E. Poulsen, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7770

    RIN: 1545-BE85

  264. TARGETED POPULATIONS UNDER SECTION 45D(E)(2)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 450; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulation provides guidance under section 45D regarding how an entity meets the requirements to be a qualified active low- income community business for purposes of the new markets tax credit when its activities involve targeted populations.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Undetermined

    Additional Information: REG-142339-05

    Drafting attorney: Lauren R. Taylor (202) 622-3040

    Reviewing attorney: Susan Reaman (202) 622-3040

    Treasury attorney: Sharon Kay (202) 622-0865

    CC:PSI

    Agency Contact: Lauren R. Taylor, General Attorney (Tax), Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Room 5111, Washington, DC 20224

    Phone: 202 622-3040

    Fax: 202 622-4753

    RIN: 1545-BE89

  265. RAILROAD TRACK MAINTENANCE CREDIT

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations provide guidance on claiming the railroad track

    Page 23126

    maintenance credit under section 45G of the Internal Revenue Code.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: Undetermined

    Additional Information: REG-142270-05

    Drafting attorney: Charles J. Magee (202) 622-3110

    Reviewing attorney: Kathleen Reed (202) 622-3110

    Treasury attorney: Sharon Kay (202) 622-0865

    CC: PSI

    Agency Contact: Charles Magee, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224

    Phone: 202 622-3110

    Fax: 202 622-4779

    Related RIN: Related to 1545-BE91

    RIN: 1545-BE90

  266. S CORPORATION GUIDANCE UNDER AMERICAN JOBS CREATION ACT OF 2004

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 1361; 26 USC 1362; 26 USC 1366; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation revises S corporation regulations under section 1361 and other affected code sections to reflect provisions of

    (AJCA) ``American Jobs Creation Act of 2004'' & GOZA, including family shareholder rules under Act section 231; also updates or replaces obsolete references in regulations.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-143326-05

    Drafting attorney: Bradford R. Poston (202) 622-3060

    CC:PSI: 2

    Agency Contact: Bradford R. Poston, Senior Counsel, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3060

    RIN: 1545-BE95

  267. CAPITAL COSTS INCURRED TO COMPLY WITH EPA SULFUR REGULATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation provides guidance under section 179B of the

    Internal Revenue Code relating to EPA sulfur.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Small Entities Affected: Businesses

    Government Levels Affected: Undetermined

    Additional Information: REG-143453-05

    Drafting attorney: Douglas Kim (202) 622-3110

    Reviewing attorney: Kathleen Reed (202) 622-3110

    Treasury attorney: John Parcell (202) 622-2578

    CC: PSI

    Agency Contact: Douglas Kim, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3110

    Related RIN: Related to 1545-BE97

    RIN: 1545-BE96

  268. DISALLOWANCE OF PARTNERSHIP LOSS TRANSFERS AND BASIS REDUCTION IN

    STOCK OF A CORPORATE PARTNER

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 704; 26 USC 734; 26 USC 743; 26 USC 755; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These proposed regulations intend to provide guidance under sections 704, 734, 743, and 755 as amended by the American Jobs

    Creation Act of 2004 regarding the disallowance of certain partnership loss transfers, and no reduction of basis in stock held by a partnership in a corporate partner.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: Undetermined

    Federalism: Undetermined

    Additional Information: REG-144468-05

    Drafting attorneys: Barbara J. Campbell and Sean I. Kahng (202) 622- 3050

    CC:PSI

    Agency Contact: Sean I. Kahng, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3050

    Barbara Campbell, Attorney-Advisor, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3050

    RIN: 1545-BE98

  269. SECTION 704(C) AND 737 REGULATIONS UPDATE

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 704; 26 USC 737

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This proposed rule will modify regulations under sections 704 and 737 consistent with Notice 2005-15.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Undetermined

    Page 23127

    Additional Information: REG-143397-05

    Drafting attorney: Laura C. Fields (202) 622-3050

    Reviewing attorney: Beverly Katz (202) 622-3050

    Treasury attorney: Matthew Lay (202) 622-1788

    CC:PSI

    Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3050

    Heather L. Faught, Attorney-Advisor, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3060

    RIN: 1545-BE99

  270. CAFETERIA PLANS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 125

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Proposed regulations on cafeteria plans (employee welfare benefit plans allowing employees to choose between taxable benefits and nontaxable benefits (e.g., employer-provided accident and health plans, group term life insurance or dependent care assistance programs).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-142695-05

    Drafting attorney: Elizabeth A. Purcell (202) 622-6080

    Reving attorney: Harry Beker (202) 622-6080

    Treasury attorney: Kevin Knopf (202) 622-2329

    CC: TEGE

    Agency Contact: Elizabeth A. Purcell, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6080

    Related RIN: Related to 1545-BF01

    RIN: 1545-BF00

  271. ELECTION TO EXPENSE CERTAIN REFINERIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 179C

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Provide guidance under section 179C of the Internal Revenue

    Code.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Small Entities Affected: Businesses

    Government Levels Affected: Undetermined

    Additional Information: REG-146895-05

    Drafting attorney: Charles Magee (202) 622-3110

    Reviewing attorney: Kathleen Reed (202) 622-3110

    Treasury attorney: John Parcell (202) 622-2578

    CC:PSI

    Agency Contact: Charles Magee, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224

    Phone: 202 622-3110

    Fax: 202 622-4779

    Related RIN: Related to 1545-BF06

    RIN: 1545-BF05

  272. CREDIT CARD CLAIMS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 6416

    CFR Citation: 26 CFR 48

    Legal Deadline: None

    Abstract: Refunds of excise taxes on exempt sales of fuel by credit card.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Undetermined

    Additional Information: REG-147282-05

    Drafting attorney: Taylor Cortright (202)622-3130

    Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez

    (202) 622-3000

    Treasury attorney: John Parcell (202) 622-2578

    CC:PSI

    Agency Contact: Taylor Cortright, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3130

    RIN: 1545-BF07

  273. NUCLEAR DECOMMISSIONING COST

    Priority: Substantive, Nonsignificant

    Legal Authority: Not Yet Determined

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: Proposed regulations under the Energy tax Incentives Act of 2005 concerning nuclear decommissioning costs.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-147290-05

    Drafting attorney: Bernard P. Harvey (202) 622-3110

    Reviewing attorney: Peter C. Friedman (202) 622-3110

    Treasury attorney: John Parcell (202) 622-2578

    CC:PSI

    Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3110

    Related RIN: Related to 1545-BF09

    RIN: 1545-BF08

    Page 23128

  274. CLEAN RENEWABLE ENERGY BONDS

    Priority: Substantive, Nonsignificant

    Legal Authority: PL 109-58 sec 1303(d); 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Newly added section 54 of the Code allows certain specified entities to issue Clean Renewable Energy Bonds. Taxpayers who purchase these bonds are entitled to a credit against income tax in lieu of receiving interest payments from the Clean Renewable Energy Bond issuers. These regulations explain the requirements for issuing the bonds and for claiming the tax credit.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: Local, State, Tribal

    Additional Information: REG-148071-05

    Drafting attorney: Aviva M. Roth (202) 622-3980

    Reviewing attorney: Timothy L. Jones (202) 622-1380

    Treasury attorney: John Cross (202) 622-1322

    CC: TEGE

    Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013,

    Washington, DC 20224

    Phone: 202 622-3980

    Email: aviva.m.roth@irscounsel.treas.gov

    Related RIN: Related to 1545-BF12

    RIN: 1545-BF11

  275. FEDERAL INCOME TAX CONSEQUENCES OF TRANSFERS

    BETWEEN AN INDIVIDUAL DEBTOR AND THE BANKRUPTCY ESTATE IN CASES UNDER

    CHAPTERS 7 AND 11 OF TITLE 11 OF THE UNITED STATES CODE

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The proposed notice of proposed rulemaking designates as non- taxable certain asset transfers between individual debtors and their bankruptcy estates that occur at the commencement of the bankruptcy case, after commencement and before termination of the bankruptcy estate, and upon the termination of the estate. The regulations provide specific rules governing the succession of tax attributes by the estate and the debtor in connection with these non-taxable transfers. The regulations also define the section 1398 phrase ``termination of the estate.''

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-116372-03

    Drafting attorney: Laurence K. Williams (202) 622-3600

    Reviewing attorney: Michael Gompertz (202) 622-3620

    Treasury attorney: Michael Desmond (202) 622-1981

    CC: PA: CBS

    Agency Contact: Laurence K. Williams, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3600

    RIN: 1545-BF13

  276. RULES UNDER SECTION 302 OF THE KATRINA

    EMERGENCY TAX RELIEF ACT OF 2005

    Priority: Substantive, Nonsignificant

    Legal Authority: PL 109-73, sec 302; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will provide rules relating to the $500 deduction from taxable income allowed under section 302 of the Katrina

    Emergency Tax Relief Act of 2005 (KETRA) to individuals for housing a

    Hurricane Katrina displaced individual.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-152043-05

    Drafting Attorney: Marnette M. Myers (202) 622-4920

    CC: ITA

    Agency Contact: Marnette M Myers, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224

    Phone: 202 622-4920

    RIN: 1545-BF14

  277. REVISION OF TREASURY REGULATION SECTION 1.1561- 3 TO COMPLY WITH COMMISSIONER'S E-FILE PROGRAM AND WITH THE

    RECOMMENDATIONS OF TIGTA REPORT

    Priority: Info./Admin./Other

    Legal Authority: 26 USC 1561; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: A proposed regulation under Treasury Regulation section 1.1561-3(b) will delete the current requirements of that regulation that each component member of a controlled group of corporations (as defined in I.R.C. section 1563(a) files: (1) With its service center an original signed statement consenting to an unequal allocation of the income tax bracket amount among all the members of the group and (2) with its return each year a copy of such consent. These requirements are not compatible with the Commissioner's e-file program (which cannot accept signatures, other than electronic signatures for forms, and which can only with great difficulty and cost accept copies of taxpayer-prepared documents). The project proposes to amend Treasury

    Regulation section1.1561-3(b) to require that such component members file a form (to be developed concurrently with this project) providing the information which will allow the IRS to determine if the allocation is correct. The new form also addresses concerns slated in a recent

    TIGTA Report that component members were not properly allocating the tax bracket amount and that the IRS did not have the information to determine whether or not the allocation was correct.

    Page 23129

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-134317-05

    Drafting attorney: Grid R. Glyer (202) 622-7930

    Reviewing attorney: Steve Hankin (202) 622-7930

    CC: COR

    Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-7930

    RIN: 1545-BF16

  278. ALCOHOL FUEL AND BIODIESEL

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 26 USC 6426; 26 USC 6427(e); 26 USC 40 A; 26 USC 40; 26 USC 34; 26 USC 7805

    CFR Citation: 48 CFR 6425; 48 CFR 6427

    Legal Deadline: None

    Abstract: Sections 40A,6426, and 6427(e) were added to the Internal

    Revenue Code (Code) by the American Jobs Creation Act of 2004 (Pub. L. 108-357)(ACT). The Act also amended section 40 of the Code. These Code provisions relate to credits for alcohol and biodiesel used as a fuel and credits and payments for alcohol fuel and biodiesel mixtures. The regulations will provide guidance on these Code sections.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: REG-155087-05

    Drafting attorney: Susan Athy (202) 622-3130

    Reviewing attorney: Frank Boland (202) 622-3130 and Lewis Fernandez

    (202) 622-3000

    Treasury attorney: John Parcell (202) 622-2578

    CC:PSI

    Agency Contact: Susan Athy, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3130

    RIN: 1545-BF17

  279. CREDIT FOR PRODUCTION FROM ADVANCED NUCLEAR

    POWER FACILITIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 45J

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: Regulations will provide guidance for implementation of new section 45J; in particular, regulations will provide a certification process for approval and allocation of the national megawatt limitation.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Undetermined

    Additional Information: REG-157616-05

    Drafting attorney: Patrick S. Kirwan (202) 622-3110

    CC:PSI

    Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3110

    Related RIN: Related to 1545-BF20

    RIN: 1545-BF19

  280. PROCEDURES FOR ADMINISTRATIVE REVIEW OF A

    DETERMINATION THAT AN AUTHORIZED RECIPIENT HAS FAILED TO SAFEGUARD

    FEDERAL TAX RETURNS OR RETURN INFORMATION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: Treasury regulation section 301.6103(p)(7)-1 is withdrawn.

    The NPRM and cross-referenced temporary regulation provide the notice, appeal, and disclosure termination procedures applicable to authorized recipients of Federal tax returns and return information who fail to provide proper safeguarding of the information.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/24/06

    71 FR 9487

    NPRM Comment Period End

    05/25/06

    Final Action

    02/00/09

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-157271-05

    Drafting attorney: Melinda K. Fisher (202) 622-4580

    Reviewing attorney: Margo L. Stevens (202) 622-4560

    CC:PA:DL

    Agency Contact: Melinda K. Fisher, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20024

    Phone: 202 622-4580

    Related RIN: Previously reported as 1545-BF22

    RIN: 1545-BF21

  281. SUBCHAPTER S BANKS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 1363; 26 USC 7805

    CFR Citation: None

    Legal Deadline: None

    Abstract: Application of special bank rules under section 1363 to S corporation and QSub banks.

    Page 23130

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-158677-05

    Drafting attorney: Laura C. Fields (202) 622-3050

    Reviewing attorney: Dianna Miosi (202) 622-3050

    Treasury attorney: Michael Novey (202) 622-1339

    CC: PSI

    Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3050

    RIN: 1545-BF24

  282. REVISION OF REGULATIONS TO COMPLY WITH

    COMMISSIONER'S E-FILE PROGRAM

    Priority: Info./Admin./Other

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: The project will revise a number of regulations that present impediments to e-filing.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-161919-05

    Drafting attorney: Grid R. Glyer (202) 622-7930

    Reviewing attorneys: Theresa Abell (202) 622-7700

    Marc Countryman (202) 622-7530

    Steve Hankin (202) 622-7930

    CC: COR

    Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-7930

    Related RIN: Related to 1545-BF26

    RIN: 1545-BF25

  283. DEBT SATISFIED BY A PARTNERSHIP INTEREST

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 108; 26 USC 704; 26 USC 752; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Proposed regulations to address partnership issues relating to the satisfaction of a debt with a partnership interest.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Undetermined

    Additional Information: REG-164370-05

    Drafting attorney: Eric Lee (202) 622-3070

    Reviewing attorney: Mary Beth Collins (202) 622-3070

    Treasury attorney: Matthew Lay (202) 622-1788

    CC: PSI

    Agency Contact: Eric B. Lee, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3070

    RIN: 1545-BF27

  284. TAXPAYER ASSISTANCE ORDERS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7811 (a); 26 USC 7805

    CFR Citation: 42 CFR 301

    Legal Deadline: None

    Abstract: Proposed amendments to Treasury Regulation section 301.7811-1 to ensure that the regulation reflects amendments to I.R.C. section 7811.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-152166-05

    Drafting attorney: Robin M. Tuczak (202) 622-3529

    CC:NTA

    Agency Contact: Robin Tuczak, Technical Advisor to the Special Counsel,

    Department of the Treasury, Internal Revenue Service, 1111 Constitution

    Avenue NW, Washington, DC 20224

    Phone: 202 622-3529

    Email: robin.m.tuczak@irscounsel.treas.gov

    RIN: 1545-BF33

  285. ACCURACY-RELATED PENALTIES

    Priority: Substantive, Nonsignificant

    Legal Authority: USC 6662A; USC 6662; USC 6664; 26 USC 7805

    CFR Citation: 26 CFR 1.6662A; 26 CFR 1.6662; 26 CFR 1.6664

    Legal Deadline: None

    Abstract: Proposed regulations regarding the new provisions and amendments made to code sections 6662, 6662A, and 6664 by the American

    Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-160870-04

    Drafting attorney: Laura R. Urich (202) 622-4940

    CC: PA: APJ

    Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4940

    Fax: 202 622-1585

    Email: laura.r.urich@irscounsel.treas.gov

    RIN: 1545-BF40

    Page 23131

    Department of the Treasury (TREAS)

    Final Rule Stage

    Internal Revenue Service (IRS)

  286. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT

    INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 936

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will provide rules with respect to what constitutes qualified possession source investment income for purposes of the Puerto Rico and possession tax credit.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/21/86

    51 FR 2726

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-209013-86 (INTL-44-86)

    Drafting attorney: Thomas A. Vidano (202) 435-5265

    Reviewing attorney: John M. Breen (202) 435-5265

    CC:INTL

    Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 435-5265

    RIN: 1545-AC10

  287. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 6039E

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: The regulation will prescribe under section 6039E the information to be gathered by the State Department and Immigration and

    Naturalization Service on passport and green card applicants and the penalties to be imposed on such applicants if they do not supply the information.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/24/92

    57 FR 61373

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-208274-86 (INTL-978-86)

    Drafting attorney: Quyen Huynh (202) 622-3880

    Reviewing attorney: Elizabeth U. Karzon (202) 622-3880

    CC:INTL

    Agency Contact: Quyen Huynh, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3880

    RIN: 1545-AJ93

  288. COMPUTATION OF A BRANCH'S TAXABLE INCOME; TAXATION OF EXCHANGE

    GAIN OR LOSS ON BRANCH REMITTANCES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation relates to branch rules and how to translate branch income, and the taxation of exchange gain or loss on branch remittances.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/25/91

    56 FR 48457

    Final Action

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-208270-86 (INTL-965-86)

    Drafting attorney: Theodore D. Setzer (202) 622-3870

    Reviewing attorney: Jeffrey Dorfman (202) 622-3870

    Treasury attorney: Andrew Froberg (202) 622-1779

    CC:INTL

    Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3870

    RIN: 1545-AM12

  289. EARNINGS STRIPPING PAYMENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation addresses the deductibility of interest under section 163 being limited when paid by a corporation to related persons not subject to U.S. tax.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/18/91

    56 FR 27907

    Hearing

    09/25/91

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-209059-89 (INTL-870-89)

    Drafting attorney: Theodore Setzer (202) 622-3870

    Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870

    CC:INTL

    Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3870

    RIN: 1545-AO24

  290. REGISTRATION REQUIRED OBLIGATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 165

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will finalize all outstanding proposed regulations under section 1.163-1(b)(2).

    Page 23132

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/21/93

    58 FR 5316

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-208245-90 (INTL-115-90)

    Drafting attorney: Carl M. Cooper (202) 622-3840

    Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840

    CC:INTL

    Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    RIN: 1545-AP33

  291. MARK-TO-MARKET UPON DISPOSITION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 475

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations address the relationship between mark-to- market accounting and accrual of stated interest, discount and premium, and between mark-to-market accounting and the tax treatment of bad debts. The regulations also provide that securities are to be marked to market upon disposition by a dealer and the exemption from marking to market in certain securitization transactions.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/04/95

    60 FR 397

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-209724-94 (FI-42-94)

    Drafting attorney: Stephen J. Coleman (202) 622-6289

    Reviewing attorney: Elizabeth Handler (202) 622-3157

    Treasury attorneys: Michael Novey (202) 622-1339

    Viva Hammer (202) 622-0869

    CC:FIP

    Sections 1.475(a)-3 finalized in TD 8700. Sections 1.475(b)-4 finalized in TD 8700. Sections 1.475(c)-2 finalized in TD 8700.

    Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6289

    RIN: 1545-AS85

  292. RECOMPUTATION OF LIFE INSURANCE RESERVES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 816

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations will permit recomputation of life insurance reserves that were not originally computed according to the requirements of section 816(b)(1)(A).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/02/97

    62 FR 71

    Final Action

    01/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-246018-96

    Drafting attorney: Linda Boyd (202) 622-3970

    Reviewing attorney: Don Drees (202) 622-3970

    CC:FI

    Agency Contact: Linda Boyd, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC 20224

    Phone: 202 622-3970

    RIN: 1545-AU49

  293. AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6159; 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: The regulations reflect the amendment of I.R.C. section 6159, section 202 of the Taxpayer Bill of Rights 2, which provides that upon request by a taxpayer the Secretary shall provide an independent review of the termination of an installment agreement. The regulations also reflect the amendment to section 6159(c), which guarantees the availability of installment agreements to taxpayers in certain circumstances.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/31/97

    62 FR 68241

    Second NPRM

    01/21/98

    63 FR 3186

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-100841-97

    Drafting attorney: G. William Beard (202) 622-3620

    Reviewing attorney: Lawrence Schattner (202) 622-3620

    CC:PA:CBS

    Agency Contact: G. William Beard, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3620

    RIN: 1545-AU97

  294. MARK-TO-MARKET ACCOUNTING FOR DEALERS IN COMMODITIES AND TRADERS

    IN SECURITIES AND COMMODITIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 475; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation provides guidance concerning mark-to-market accounting for securities traders and commodities dealers and traders.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/28/99

    64 FR 4374

    Final Action

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Page 23133

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-104924-98

    Drafting attorney: Stephen J. Coleman (202) 622-6289

    Reviewing attorney: Elizabeth Handler (202) 622-3920

    CC:FI

    Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6289

    RIN: 1545-AW06

  295. STOCKS AND SECURITIES SAFE HARBOR EXCEPTION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation clarifies and updates the safe harbor that one is not engaged in a trade or business as a result of trading in stocks and securities. The amendment will provide additional guidance regarding the definitions of stocks and securities.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/12/98

    63 FR 32164

    Hearing

    09/09/98

    NPRM Comment Period End

    09/10/98

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-106031-98

    Drafting attorney: Theodore D. Setzer (202) 622-3870

    Reviewing attorney: Paul S. Epstein (202) 622-3870

    CC:INTL

    Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3870

    RIN: 1545-AW13

  296. INTERCOMPANY OBLIGATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 1502; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulation provides clarification of the tax treatment of certain transfers of intercompany obligations by or to a member of a consolidated group.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/18/98

    63 FR 70354

    NPRM Comment Period End

    03/22/99

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-105964-98

    Drafting attorney: Frances L. Kelly (202) 622-7072

    Reviewing attorney: Michael J. Wilder (202) 622-3393

    Treasury attorney: None

    CC: COR

    Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7072

    Email: frances.l.kelly@irscounsel.treas.gov

    Related RIN: Related to 1545-BA11

    RIN: 1545-AW30

  297. SOURCE OF INCOME FROM CERTAIN SPACE AND OCEAN ACTIVITIES AND FOR

    COMMUNICATIONS INCOME

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 863

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations provide source rules for income from certain space and ocean activities under section 863(d) and communications income under section 863(a), (d), and (e).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/17/01

    66 FR 3903

    Hearing

    05/23/01

    66 FR 12916

    Second NPRM

    09/19/05

    70 FR 54859

    Hearing

    12/15/05

    70 FR 54859

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-106030-98

    Drafting attorney: Edward R. Barret (202) 622-3880

    Reviewing attorney: Anne Shelburne (202) 435-5265

    Treasury attorney: Gretchen Sierra (202) 622-1755

    CC:INTL

    Agency Contact: Edward R. Barret, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3880

    RIN: 1545-AW50

  298. REPORTING OF PAYMENTS TO ATTORNEYS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6045

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulation provides information reporting requirements for payments of gross proceeds made in the course of a trade or business to attorneys in connection with legal services.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/21/99

    64 FR 27730

    Second NPRM

    05/17/02

    67 FR 35064

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-126024-01

    Drafting attorney: Nancy L. Rose (202) 622-4910

    Reviewing attorney: James C. Gibbons (202) 622-4910

    Treasury attorney: Eric San Juan (202) 622-0224

    Page 23134

    CC:PA:APJ

    Agency Contact: Nancy L. Rose, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4910

    RIN: 1545-AW72

  299. STOCK TRANSFER RULES--CARRYOVER OF EARNINGS AND TAXES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 367

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation provides guidance with respect to how earnings and profits and foreign income tax accounts carry over under section 381 and are allocated under section 312 in certain transactions described in section 367(b) of the Internal Revenue Code.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/15/00

    65 FR 69138

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-116050-99

    Drafting attorney: Jeffrey L. Parry (202) 622-3850

    Reviewing attorney: Anne Devereaux (202) 622-3850

    Treasury attorney: Andrew Froberg (202) 622-0851

    CC:INTL

    Agency Contact: Jeffrey L. Parry, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3850

    RIN: 1545-AX65

  300. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE AND CERTAIN OTHER

    EXPENSES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 864

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations provide rules for the allocation and apportionment of interest expenses and certain other expenses for purposes of the foreign tax credit and certain other international tax provisions.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/05/90

    55 FR 3750

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-117608-99

    Drafting attorney: David F. Bergkuist (202) 622-3850

    Reviewing attorney: Anne O. Devereaux (202) 622-3850

    CC:INTL

    Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3850

    RIN: 1545-AX72

  301. CAPITALIZATION OF INTEREST AND CARRYING CHARGES PROPERLY ALLOCABLE

    TO STRADDLES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 263; 26 USC 1092

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations will clarify the types of payments that may be ``interest'' or ``carrying charges'' subject to 26 U.S.C. 263(g), clarify the operation of the capitalization rules of 26 U.S.C. 263(g), and also clarify what constitutes ``positions'' and ``losses'' subject to 26 U.S.C. 1092.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/18/01

    66 FR 4746

    NPRM Comment Period End

    05/01/01

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-105801-00

    Drafting attorney: Mary Brewer (202) 622-3950

    Reviewing attorney: Christina Morrison (202) 622-3950

    Treasury attorney: Mike Novey (202) 622-1339

    CC:FI

    Agency Contact: Mary Brewer, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3950

    RIN: 1545-AX92

  302. AUTHORIZED PLACEMENT AGENCY

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 152

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation amends the definition of ``authorized placement agency'' (for purposes of determining whether a child placed for legal adoption in a taxpayer's home is a dependent of the taxpayer) to include biological parents and other persons authorized by State law to place children for legal adoption.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/30/00

    65 FR 71277

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-107279-00

    Drafting attorney: Shareen Pflanz (202) 622-4920

    Reviewing attorney: Stephen J. Toomey (202) 622-4920

    Treasury attorney: Eric San Juan (202) 622-0224

    CC: ITA

    Agency Contact: Shareen S. Pflanz, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Page 23135

    Phone: 202 622-4920

    RIN: 1545-AY18

  303. GUIDANCE ON CHANGES TO THE LAWS FOR CORPORATE ESTIMATED TAXES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 6655

    CFR Citation: 26 CFR 1; 26 CFR 301

    Legal Deadline: None

    Abstract: The proposed regulations provide guidance for corporations to compute their estimated tax liabilities.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/12/05

    70 FR 73393

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: REG-107722-00

    Drafting attorney: Joseph Dewald (202) 622-4910

    Reviewing attorney: Pamela W. Fuller (202) 622-4910

    Treasury attorney: George Manousos (202) 622-1335

    CC:PA:APJ

    Agency Contact: Joseph P. Dewald, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4910

    RIN: 1545-AY22

  304. HIPAA GENERAL NONDISCRIMINATION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 9833

    CFR Citation: 26 CFR 54

    Legal Deadline: None

    Abstract: These regulations provide guidance regarding the requirements imposed on group health plans not to discriminate in rules for eligibility under the plan on the basis of any health factor, and not to require any individual to pay a higher premium or contribution for coverage under the plan than any similarly situated individual based on any health factor.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/08/01

    66 FR 1435

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-114082-00

    Drafting attorney: Russell Weinheimer (202) 622-6080

    Reviewing attorney: Alan Tawshunsky (202) 622-6000

    Treasury attorney: Kevin Knopf (202) 622-2329

    CC:TEGE

    Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6080

    RIN: 1545-AY32

  305. HIPAA NONDISCRIMINATION EXCEPTION FOR CHURCH PLANS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 7853

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations provide guidance on the exception for certain grandfathered church plans from the general rule requiring group health plans not to discriminate in rules for eligibility on the basis of any health factor.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/10/01

    66 FR 1437

    Final Action

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-114083-00

    Drafting attorney: Russell Weinheimer (202) 622-6080

    Reviewing attorney: Alan Tawnshunsky (202) 622-6000

    Treasury attorney: Kevin Knopf (202) 622-2329

    CC:TEGE

    Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6080

    RIN: 1545-AY33

  306. HIPAA NONDISCRIMINATION EXCEPTION FOR BONA FIDE WELLNESS PROGRAMS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 9833

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations provide guidance regarding the exception for certain wellness programs to the general rule imposed on group health plans not to require a higher premium or contribution from an individual than from a similarly situated individual based on any health factor.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/08/01

    66 FR 1421

    Final Action

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-114084-00

    Drafting attorney: Russell Weinheimer (202) 622-6080

    Reviewing attorney: Alan Tawnshunsky (202) 622-6080

    Treasury attorney: Kevin Knopf (202) 622-2329

    CC:TEGE

    Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6080

    RIN: 1545-AY34

  307. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 482

    CFR Citation: 26 CFR 1

    Page 23136

    Legal Deadline: None

    Abstract: These final regulations will address certain transactions between controlled parties that involve intangibles. The regulations will provide rules for allocation of income and deductions with respect to intangibles pursuant to IRC section 482.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/10/03

    68 FR 53447

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-115037-00

    Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Carol Tan (202) 435-5265

    Reviewing attorney: John M. Breen (202) 435-5265

    Treasury attorney: David Ernick (202) 622-1754

    CC:INTL

    Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 435-5265

    RIN: 1545-AY38

  308. ELECTION--ASSET ACQUISITIONS OF INSURANCE COMPANIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 197; 26 USC 338; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations prescribe the manner in which the various provisions of subchapter L, chapter 1, subtitle A of the Internal

    Revenue Code apply to asset acquisitions deemed to occur by reason of a section 338 election as well as to actual acquisitions of insurance company assets subject to section 1060.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/08/02

    67 FR 10640

    Public Hearing

    09/18/02

    Final Action

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-118861-00

    Drafting attorney: Mark Weiss (202) 622-7790

    Reviewing attorney: Victor Penico (202) 622-7750

    Treasury attorney: Mark Countryman (202) 622-9859

    CC: COR

    Agency Contact: Mark Weiss, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7790

    RIN: 1545-AY49

  309. NORMALIZATION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 167; 26 USC 168; 26 USC 46

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations relate to the sale or deregulation of generation assets.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/21/05

    70 FR 75762

    Final Action

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-104385-01

    Drafting attorney: David Selig (202) 622-3040

    Reviewing attorney: Peter Friedman (202) 622-3110

    Treasury attorney: John Parcell (202) 622-2578

    CC:PSI

    Agency Contact: David Selig, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3040

    RIN: 1545-AY75

  310. TRANSITIONAL RELIEF FOR QUALIFIED INTERMEDIARIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 1441

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulation will promulgate Notices 2001-4, 2001-11 and 2001-43 into the section 1441 regulation. Generally, the Notices provide transitional relief with respect to the new withholding regime for qualified intermediaries.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/30/05

    70 FR 16189

    Final Action

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-125443-01

    Drafting attorney: Ethan A. Atticks (202) 622-3840

    Reviewing attorney: Valerie Mark-Lippe (202) 622-3840

    Treasury attorney: Andy Froberg (202) 622-1779

    CC:INTL

    Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    RIN: 1545-AY92

  311. CONSOLIDATED RETURNS; NONAPPLICABILITY OF SECTION 357(C)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 1502

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations make amendments to section 1.1502-80(d) of the consolidated return regulations dealing with the scope of the nonapplicability of section 357(c) in a consolidated group.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/14/01

    66 FR 57021

    Page 23137

    Public Hearing

    03/21/02

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-137519-01

    Drafting attorney: Thomas I. Russell (202) 622-7550

    Reviewing attorney: Al Bishop (202) 622-7930

    Treasury attorney: None

    CC: COR

    Agency Contact: Thomas I. Russell, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7550

    RIN: 1545-BA09

  312. REDUCTIONS OF ACCRUALS AND ALLOCATIONS BECAUSE OF INCREASED AGE

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 411

    CFR Citation: 26 CFR 1

    Legal Deadline: Final, Statutory, February 1, 1988.

    Abstract: These regulations will prescribe rules regarding the requirement that accruals and allocations under qualified retirement plans cannot be reduced because of the attainment of any age.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/11/02

    67 FR 76123

    Hearing

    04/09/03

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses, Organizations

    Government Levels Affected: None

    Additional Information: REG-209500-86

    Drafting attorney: Linda S.F. Marshall (202) 622-6090

    Reviewing attorney: Marjorie Hoffman (202) 622-6090

    Treasury attorney: Harlan Weller (202) 622-1001

    CC:TEGE

    Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6090

    Related RIN: Related to 1545-BB79

    RIN: 1545-BA10

  313. AMENDMENT TO THE DEFINITION OF REFUNDING

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will amend the definition of a refunding issue applicable to tax-exempt bonds issued by State and local governments.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/10/02

    67 FR 17310

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Local, State

    Additional Information: REG-165706-01

    Drafting attorney: Vicky Tsilas (202) 622-3980

    CC: TEGE

    Agency Contact: Vassiliki Tsilas, Assistant Branch Chief, TEGE: TEB,

    Department of the Treasury, Internal Revenue Service, 1111 Constitution

    Avenue NW, Washington, DC 20224

    Phone: 202 622-3980

    RIN: 1545-BA46

  314. NONCOMPENSATORY PARTNERSHIP OPTIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 704; 26 USC 721; 26 USC 761; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will describe the tax treatment of noncompensatory partnership options.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/22/03

    68 FR 2930

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-103580-02

    Drafting attorney: Joy Spies and Jason Smyczek (202) 622-3050

    Reviewing attorney: Audrey W. Ellis (202) 622-3050

    Treasury attorney: Matthew Lay (202) 622-7188

    CC: PSI

    Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3050

    Joy Spies, Attorney-Advisor, Department of the Treasury, Internal

    Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3050

    RIN: 1545-BA53

  315. CIRCULAR 230--PHASE 2 NONSHELTER REVISIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 31 USC 330

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations propose amendments to the rules governing practice before the Internal Revenue Service.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    12/19/02

    67 FR 77724

    Final Action

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-122380-02

    Drafting attorney: Matthew Cooper (202) 622-4940

    Reviewing attorney: Richard S. Goldstein (202) 622-7820

    Treasury attorney: Michael Desmond (202) 622-1981

    Page 23138

    CC:PA:APJ

    Agency Contact: Matthew S. Cooper, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5135, Washington, DC 20224

    Phone: 202 622-8445

    Fax: 202 622-1585

    Email: matthew.s.cooper@irscounsel.treas.gov

    RIN: 1545-BA72

  316. REDEMPTIONS TREATED AS DIVIDENDS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation under section 302 of the Internal Revenue

    Code (Code), permits basis of redeemed stock to be recovered by the redeemed shareholder. Regulations under section 304 of the Code reflect changes made by the Internal Revenue Service Restructuring and Reform

    Act of 1998, Taxpayer Relief Act of 1997, Tax Reform Act of 1986,

    Deficit Reduction Act of 1984, and the Tax Equity and Fiscal

    Responsibility Act of 1982 to the statute. Regulations under section 304 also reference proposed regulations under section 302 as they relate to the treatment of basis of redeemed stock in redemptions treated as dividends.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    10/18/02

    67 FR 64331

    Final Action

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-150313-01

    Drafting attorney: Theresa M. Kolish (202) 622-7530

    Reviewing attorney: Lewis K. Brickates (202) 622-7530

    CC: COR

    Agency Contact: Theresa M. Kolish, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5408, Washington, DC 20224

    Phone: 202 622-7530

    Fax: 202 622-7556

    Email: theresa.m.kolish@irscounsel.treas.gov

    RIN: 1545-BA80

  317. GUIDANCE ON REPORTING OF DEPOSIT INTEREST PAID TO NONRESIDENT

    ALIENS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1; 26 CFR 31

    Legal Deadline: None

    Abstract: This regulation will provide guidance on the reporting requirements for interest on deposits maintained at U.S. offices of certain financial institutions and paid to nonresident aliens that are residents of certain specified countries.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/02/02

    67 FR 50386

    Hearing

    12/05/02

    67 FR 50386

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-133254-02

    Drafting attorney: Ethan A. Atticks (202) 622-3840

    Reviewing attorney: Valerie Mark Lippe (202) 622-3840

    Treasury attorney: Andrew Froberg (202) 622-1779

    CC:INTL

    Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    RIN: 1545-BA86

  318. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 704(b); 26 USC 703(b)(3); 26 USC 702(a)(b); 26

    USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulation will provide guidance on how foreign tax expenditures must be allocated to partners under section 704(b).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/21/04

    69 FR 21454

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-139792-02

    Drafting attorney: Timothy J. Leska (202) 622-3050

    Reviewing attorney: Beverly M. Katz (202) 622-3060

    Treasury attorney: Matthew Lay (202) 622-1788

    CC: PSI

    Agency Contact: Timothy J. Leska, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3050

    Related RIN: Related to 1545-BD11

    RIN: 1545-BB11

  319. INVESTIGATIVE DISCLOSURES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6103(k)(6); 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: This regulation will amend existing regulations on disclosure of return information by Internal Revenue Officers and employees for investigative purposes.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/10/03

    68 FR 41089

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Federal

    Additional Information: REG-140808-02

    Drafting attorney: Helene R. Newsome (202) 622-4570

    Reviewing attorney: Donald M. Squires (202) 622-4570

    Treasury attorney: Michael Desmond (202) 622-1981

    CC: PA: DPL

    Page 23139

    Agency Contact: Helene R. Newsome, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4570

    Related RIN: Related to 1545-BB17

    RIN: 1545-BB16

  320. TOLL TELEPHONE SERVICE--DEFINITION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 49

    Legal Deadline: None

    Abstract: This regulation provides amendments to regulations relating to the definition of toll telephone service.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/01/03

    68 FR 15690

    Hearing

    09/10/03

    68 FR 35828

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-141097-02

    Drafting attorney: Taylor Cortright (202) 622-3130

    Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez

    (202) 622-3000

    Treasury attorney: John Parcell (202) 622-2578

    CC:PSI

    Agency Contact: Taylor Cortright, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3130

    RIN: 1545-BB18

  321. MIXED USE OUTPUT FACILITIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation describes rules relating to mixed use output facilities.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    09/23/02

    67 FR 59767

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: Local, State

    Federalism: Undetermined

    Additional Information: REG-142599-02

    Drafting attorney: Johanna Som de Cerff (202) 622-3980

    Treasury attorney: Stephen J. Watson (202) 622-1322

    CC: TEGE

    Agency Contact: Johanna Som de Cerff, Senior Technican Reviewer,

    Department of the Treasury, Internal Revenue Service, 1111 Constitution

    Avenue NW, Washington, DC 20224

    Phone: 202 622-3980

    RIN: 1545-BB23

  322. SECTION 482: METHODS TO DETERMINE TAXABLE INCOME IN CONNECTION

    WITH A COST SHARING ARRANGEMENT

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 482

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations will provide additional guidance on cost sharing arrangements under section 482.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/29/05

    70 FR 51116

    Hearing

    12/16/05

    70 FR 51116

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Federalism: Undetermined

    Additional Information: REG-144615-02

    Drafting attorney: Kenneth P. Christman (202) 435-5265

    Reviewing attorney: John M. Breen (202) 435-5266

    Treasury attorney: David Ernick (202) 622-1754

    CC:INTL

    Agency Contact: Kenneth P. Christman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 435-5265

    RIN: 1545-BB26

  323. TREATMENT OF SERVICES UNDER SECTION 482

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 482

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These final regulations amend the rules for allocation of income and deductions with respect to services between members of a group of controlled entities, pursuant to section 482.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/10/03

    68 FR 53447

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-146893-02

    Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Carol Tan (202) 435-5265

    Reviewing attorney: John M. Breen (202) 435-5265

    Treasury attorney: David Ernick (202) 622-1754

    CC:INTL

    Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 435-5265

    RIN: 1545-BB31

  324. LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD OF ACCOUNTING

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 403; 26 USC 7805

    CFR Citation: 26 CFR 1

    Page 23140

    Legal Deadline: None

    Abstract: Under section 448(d)(5), as amended by the Job Creation and

    Worker Assistance Act of 2002, the nonaccrual experience method of accounting is available only for amounts to be received for the performance of qualified services (i.e., services in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, or consulting) or for services provided by certain small businesses (i.e., those with gross receipts of $5 million or less). The law provides that such taxpayers are not required to accrue, based on their experience, any portion of year-end receivables that will not be collected. This regulation will provide guidance under section 448(d)(5) regarding the nonaccrual experience method of accounting.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/21/03

    68 FR 65645

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: REG-141402-02

    Drafting attorney: Terrance McWhorter (202) 622-4970

    Reviewing attorney: Jeffery Mitchell (202) 622-4970

    Treasury attorney: George Manousos (202) 622-1335

    CC: ITA

    We issued interim guidance in the form of a Notice 2003-12; 2003-6 published in the IRB 422 on January 22, 2003, with a request for comments.

    Agency Contact: Terrance McWhorter, General Tax Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4970

    RIN: 1545-BB43

  325. SPECIAL DEPRECIATION ALLOWANCE

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation provides guidance under sections 168 and 1400L(b) regarding special depreciation allowance.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/08/03

    68 FR 53008

    Final Action

    08/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-157164-02

    Drafting attorney: Douglas Kim (202) 622-3110

    Reviewing attorney: Kathleen Reed (202) 622-3110

    Treasury attorney: George Manousos (202) 622-1335

    CC:PSI

    Agency Contact: Douglas Kim, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3110

    Related RIN: Related to 1545-BC19

    RIN: 1545-BB57

  326. CONTRIBUTIONS TO PURCHASE CERTAIN RETIREMENT ANNUITIES OR

    CUSTODIAL ACCOUNTS UNDER SECTION 403(B)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 403(b); 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation would revise and update the current section 403(b) regulations to reflect the numerous statutory revisions to this section of the Internal Revenue Code since these regulations were first promulgated in 1964. Section 403(b) concerns the income tax exclusion for contributions to purchase certain retirement annuities or custodial accounts made for their employees by certain tax-exempt employers or

    State-sponsored educational institutions.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/16/04

    69 FR 67075

    Hearing

    11/16/04

    69 FR 67084

    Final Action

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Governmental Jurisdictions

    Government Levels Affected: Local, State, Tribal

    Additional Information: REG-155608-02

    Drafting attorney: John A. Tolleris (202) 622-6060

    Reviewing attorney: Cheryl Press (202) 622-6060

    Treasury attorney: William Bortz (202) 622-1352

    CC:TEGE

    Agency Contact: John A. Tolleris, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-6060

    Related RIN: Related to 1545-BF35

    RIN: 1545-BB64

  327. NOTIONAL PRINCIPAL CONTRACTS; CONTINGENT NONPERIODIC PAYMENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1; 26 CFR 602

    Legal Deadline: None

    Abstract: These regulations relate to the character and the inclusion into income and deduction of contingent nonperiodic payments made pursuant to a notional principal contract.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/26/04

    69 FR 8886

    NPRM Comment Period End

    05/04/04

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-166012-02

    Drafting attorney: Kathleen Sleeth (202) 622-3920

    Reviewing attorney: Elizabeth Handler (202) 622-3920

    Treasury attorney: Viva Hammer (202) 622-0869

    CC:FI

    Agency Contact: Kathleen Sleeth, Attorney-Advisor, Department of the

    Page 23141

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3920

    RIN: 1545-BB82

  328. PREDECESSORS OR SUCCESSORS UNDER SECTION 355(E)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 355; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations under section 355(e) set forth whether a transferor or a transferee of distributing or controlled assets is a predecessor or successor.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/22/04

    69 FR 67873

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-145535-02

    Drafting attorney: Ross E. Poulsen (202) 622-7770

    Reviewing attorney: Stephen Fattman (202) 622-7700

    CC: COR

    Agency Contact: Ross E. Poulsen, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7770

    RIN: 1545-BB85

  329. GUIDANCE REGARDING MARK-TO-MARKET VALUATION FOR CERTAIN SECURITIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 475; 26 USC 446

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Section 475(a) requires that dealers in securities mark their securities to market. If the security is inventory, the dealer must include that security at fair market value. Taxpayers must treat any security that is not inventory as if it were sold for its fair market value on the last business day of the year. While the legal definition of the term ``fair market value'' has long been settled, the statute is silent as to what valuation methodology should be used to determine fair market value of any particular security. Many of the securities subject to section 475 raise difficult valuation issues. An advanced notice of proposed rulemaking (ANPRM) was issued on May 5, 2003, and asked for comments on a possible financial statement-tax conformity safe harbor approach for valuing certain securities under section 475 for which the determination of actual fair market value is administratively difficult. On May 24, 2005, a notice of proposed rulemaking was issued. The NPRM provided an elective safe harbor for dealers in securities, dealers in commodities and traders in securities and commodities. The safe harbor permits these taxpayers to make an election pursuant to which the values of the positions reported on certain financial statements are used as the fair market value of those positions for purposes of section 475, if certain conditions are met.

    Those conditions and limitations are to ensure consistency with fair market value tax principles. The NPRM also asked for specific comments relating to certain aspects the rules.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/24/05

    70 FR 29663

    NPRM Comment Period End

    08/22/05

    Public Hearing

    09/15/05

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-100420-03

    Drafting attorney: Marsha A. Sabin (202) 622-3950 or John W. Rogers

    (202) 622-3950

    Reviewing attorney: Robert Williams (202) 622-3960

    Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202) 622-0869

    CC: FI

    Agency Contact: Marsha A. Sabin, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3950

    RIN: 1545-BB90

  330. PARTNERSHIP EQUITY FOR SERVICES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 721; 26 USC 83; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will describe the tax treatment of partnership equity issued in connection with the performance of services.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/24/05

    70 FR 29675

    Public Hearing

    10/05/05

    70 FR 29676

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: REG-105346-03

    Drafting attorneys: Joy Spies and Jason T. Smyzcek (202) 622-3050

    Reviewing attorney: Audrey W. Ellis (202) 622-3050

    Treasury attorney: Matthew Lay (202) 622-1788

    CC: PSI

    Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3050

    Joy Spies, Attorney-Advisor, Department of the Treasury, Internal

    Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3050

    RIN: 1545-BB92

  331. ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Page 23142

    Abstract: The regulations provide guidance on the accrual of original issue discount on certain REMIC regular interests.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/25/04

    69 FR 52217

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-108637-03

    Drafting attorney: Patrick White (202) 622-3930

    Reviewing attorney: Dale Collinson (202) 622-3900

    CC:FI

    Agency Contact: Patrick E. White, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3920

    RIN: 1545-BB94

  332. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES

    RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF

    LIEN

    Priority: Other Significant

    Legal Authority: 26 USC 6320; 26 USC 6330; 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: IRS is revising the regulations that apply to Collection Due

    Process (CDP) and equivalent hearings under section 6320 involving

    Federal tax liens.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/16/05

    70 FR 54681

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-150088-02

    Drafting attorney: Laurence K. Williams (202) 622-3600

    Reviewing attorney: Gary D. Gray (202) 622-3600

    CC: PA: CBS

    Agency Contact: Laurence K. Williams, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3600

    Related RIN: Related to 1545-BB97

    RIN: 1545-BB96

  333. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES

    RELATING TO HEARINGS BEFORE LEVY

    Priority: Other Significant

    Legal Authority: 26 USC 6330; 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: IRS is revising the regulations that apply to Collection Due

    Process (CDP) and equivalent hearings under section 6330 involving

    Federal tax levies.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/16/05

    70 FR 54687

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-150091-02

    Drafting attorney: Laurence K. Williams (202) 622-3600

    Reviewing attorney: Gary D. Gray (202) 622-3610

    CC: PA: CBS

    Agency Contact: Laurence K. Williams, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3600

    Related RIN: Related to 1545-BB96

    RIN: 1545-BB97

  334. ENTRY OF TAXABLE FUEL

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 48

    Legal Deadline: None

    Abstract: The regulations will provide rules for payment of tax when taxable fuel is entered by an unregistered person.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/30/04

    69 FR 45631

    Public Hearing

    10/05/04

    69 FR 59572

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-120616-03

    Drafting attorney: Celia A. Gabrysh (202) 622-3130

    Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez

    (202) 622-3000

    Treasury attorney: John Parcell (202) 622-2578

    CC:PSI

    Agency Contact: Celia A. Gabrysh, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3130

    RIN: 1545-BC08

  335. GUIDANCE NECESSARY TO FACILITATE BUSINESS ELECTRONIC FILING

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1; 26 CFR 602

    Legal Deadline: None

    Abstract: The regulatory amendments are designed to facilitate electronic filing of certain income tax returns and other forms.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/19/03

    68 FR 70747

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Federal

    Additional Information: REG-116664-01

    Drafting attorney: Nathan B. Rosen (202) 622-4910

    Reviewing attorney: Pamela Fuller (202) 622-4910

    Treasury attorney: Michael Desmond (202) 622-1981

    Page 23143

    CC:PA:APJ

    Agency Contact: Nathan B. Rosen, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4910

    RIN: 1545-BC15

  336. CHANGES IN COMPUTING DEPRECIATION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation provides guidance under section 446(e) regarding changes in computing depreciation or amortization.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/02/04

    69 FR 42

    Final Action

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-126459-03

    Drafting attorney: Douglas Kim (202) 622-3110

    Reviewing attorney: Kathleen Reed (202) 622-3110

    Treasury attorney: George Manousos (202) 622-1335

    CC:PSI

    Agency Contact: Douglas Kim, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3110

    Related RIN: Related to 1545-BC17

    RIN: 1545-BC18

  337. SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE DISALLOWED

    UNDER SECTION 265(A)(2)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 1502; 26 USC 7701; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulation will address the treatment of interest income with respect to an intercompany loan when the source of funds is borrowing from a nonmember and there is a disallowance of interest expense under section 265(a)(2).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/07/04

    69 FR 25535

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-128590-03

    Drafting attorney: Frances L. Kelly (202) 622-7072

    Reviewing attorney: Michael Wilder (202) 622-3393

    CC: COR

    Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7072

    Email: frances.l.kelly@irscounsel.treas.gov

    RIN: 1545-BC23

  338. GUIDANCE REGARDING APPLICATION OF SECTION 265(A)(2) AND 246A IN

    TRANSACTIONS INVOLVING RELATED PARTIES, PASS-THROUGH ENTITIES, OR OTHER

    INTERMEDIARIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7701(f); 26 USC 265(a); 26 USC 246A; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Section 7701(f) of the Code provides that the Secretary shall prescribe such regulations as may be necessary or appropriate to prevent the avoidance of the provisions of the Code that deal with the linking of borrowing to investment, or diminishing the risk through the use of related persons, pass-through entities, or other intermediaries.

    Section 7701(f) was enacted to authorize the issuance of regulations to prevent the avoidance of the purposes of sections 265(a)(2) (which disallows interest on indebtedness incurred or continued to purchase or carry tax-exempt obligations) and 246A (which reduces the dividends received deduction under sections 243, 244, or 245(a)) in proportion to the extent that the portfolio stock with respect to which the dividends are received is debt-financed) through transactions involving related parties, pass-through entities, or other intermediaries.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/07/04

    69 FR 25534

    NPRM Comment Period End

    08/05/04

    Final Action

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-128572-03

    Drafting attorney: David Silber (202) 622-3930

    Reviewing attorney: Dale S. Collinson ( 202) 622-3900

    Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202) 622-0869

    CC: FI

    Agency Contact: David B. Silber, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3930

    RIN: 1545-BC24

  339. PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 409(p)(7)(A)

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulation will provide guidance for employee stock ownership plans holding stock of a subchapter S corporation concerning the prohibition against allocations to disqualified persons under section 409(p).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/21/03

    68 FR 43058

    NPRM Comment Period End

    10/20/03

    Page 23144

    Second NPRM

    12/17/04

    69 FR 75492

    Second NPRM Comment Period End 03/17/05

    Hearing

    04/20/05

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-129709-03

    Drafting attorney: John T. Ricotta (202) 622-6060

    Reviewing attorney: Marjorie Hoffman (202) 622-6060

    CC: TEGE

    Agency Contact: John T. Ricotta, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6060

    Related RIN: Related to 1545-BC33

    RIN: 1545-BC34

  340. GUIDANCE ON PFIC PURGING ELECTIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These proposed regulations will provide guidance regarding retroactive relief for taxpayers who, in limited circumstances, continue to be subject to the PFIC excess distribution regime of section 1291 although the foreign corporation in which they own stock is no longer treated as a PFIC under section 1298(b)(1) or section 1297(e).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/08/05

    70 FR 72952

    Public Hearing

    03/22/06

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-133446-03

    Drafting attorney: Ethan A. Atticks (202) 622-3840

    Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840

    Treasury attorney: David Ernick (202) 622-1754

    CC:INTL

    Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    Related RIN: Related to 1545-BD33

    RIN: 1545-BC37

  341. QUALIFIED SEVERANCE REGULATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 2642(a)(3)(C); 26 USC 7805

    CFR Citation: 26 CFR 26

    Legal Deadline: None

    Abstract: This regulation relates to generation-skipping transfer tax consequences of a qualified severance of a trust.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/24/04

    69 FR 51967

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-145987-03

    Drafting attorney: Mayer R. Samuels (202) 622-7265

    Reviewing attorney: George Masnik (202) 622-3618

    Treasury attorney: Catherine Hughes (202) 622-9407

    CC: PSI

    Agency Contact: Mayer R. Samuels, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3090

    RIN: 1545-BC50

  342. SUSPENSION OF RUNNING OF PERIOD OF LIMITATION DURING A PROCEEDING

    TO ENFORCE OR QUASH A DESIGNATED OR RELATED SUMMONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 25 USC 6503; 26 USC 7805

    CFR Citation: 26 CFR 1; 26 CFR 301

    Legal Deadline: None

    Abstract: These regulations relate to the use of designated and related summonses and the effect on the period of limitations on assessment when a case is brought with respect to a designated or related summons.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/31/03

    68 FR 44905

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-208199-91

    Drafting attorney: Elizabeth D. Rawlins (202) 622-3600

    Reviewing attorney: Peter J. Devlin (202) 622-3600

    Treasury attorney: Michael Desmond (202) 622-1981

    CC: PA: CBS

    Agency Contact: Elizabeth D. Rawlins, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3600

    RIN: 1545-BC55

  343. QUALIFIED ZONE ACADEMY BONDS; OBLIGATIONS OF STATES AND POLITICAL

    SUBDIVISIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations will provide for permissible use of proceeds, coordinate and make consistent provisions regarding determination of credit rate and maturity date. It will provide for remedial action in case of change in use of bond proceeds.

    Page 23145

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/26/04

    69 FR 15747

    Public Hearing

    07/21/04

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Governmental Jurisdictions

    Government Levels Affected: Local, State

    Additional Information: REG-121475-03

    Drafting attorney: Zoran Stojanovic (202) 622-3721

    Reviewing attorney: Timothy L. Jones (202) 622-3701

    CC: TEGE

    Agency Contact: Zoran Stojanovic, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3721

    RIN: 1545-BC61

  344. GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 707; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will provide guidance regarding disguised sales of partnership interests.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/26/04

    69 FR 68838

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-149519-03

    Drafting attorney: Deane M. Burke (202) 622-3070

    Reviewing attorney: Christine Ellison (202) 622-3070

    Treasury attorney: Matthew Lay (202) 622-1788

    CC:PSI

    Agency Contact: Deane M. Burke, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3070

    RIN: 1545-BC63

  345. SECTION 1045 APPLICATION TO PARTNERSHIPS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will provide guidance on how the capital gains rollover provision of section 1045 applies to partnerships.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/12/04

    69 FR 49957

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: Undetermined

    Additional Information: REG-150562-03

    Drafting attorneys: Charlotte Chyr (202) 622-3070 and Jian Grant (202) 622-3050

    Reviewing attorneys: James Quinn (202) 622-3070 and Mary Beth Collins

    (202) 622-3070

    Treasury attorney: John Parcell (202) 622-2578

    CC:PSI

    Agency Contact: Charlotte Chyr, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3070

    Jian Grant, Attorney-Advisor, Department of the Treasury, Internal

    Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3050

    RIN: 1545-BC67

  346. COLLECTION AFTER ASSESSMENT

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 26 USC 7805; 26 USC 6502

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The Internal Revenue Service Restructuring and Reform Act of 1998 (RRA `98) section 3461 amended section 6502 of the Code to limit the ability of the Service to enter into agreements extending the collection statute. RRA `98 also included an off-Code ``sunset'' provision governing the continued effect of collection statute extension agreements executed prior to January 1, 2000, the effective date of this section. The current regulations under section 6502 have not been updated to reflect these changes to the section. The current regulations provide that extension agreements may be executed anytime prior to the expiration of the original statutory collection period.

    The revised regulations will incorporate the changes imposed by RRA

    `98. Also, the revised regulations will discuss the continued validity of extension agreements executed prior to January 1, 2000.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/04/05

    70 FR 10572

    Final Action

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-148701-03

    Drafting attorney: Debra Kohn (202) 622-3620

    Reviewing attorney: Lawrence Schattner (202) 622-3620

    Treasury attorney: Michael Desmond (202) 622-1981

    CC:PA:CBS

    Agency Contact: Debra A. Kohn, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-3620

    Email: debra.akohn@irscounsel.treas.gov

    RIN: 1545-BC72

  347. EXCLUSION OF EMPLOYEES OF 501(C)(3) ORGANIZATIONS IN 401(K) AND 401(M) PLANS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    Page 23146

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This action amends the Income Tax Regulations (26 CFR part 1) under section 410(b) of the Internal Revenue Code of 1986 (Code). The amendments would allow a section 401(k) plan or a section 401(m) plan that is provided under the same general arrangement as the section 401(k) plan to treat employees of an organization described in section 501(c)(3), which is exempt from tax under section 501(a), who are eligible to make salary reduction contributions to a tax-sheltered annuity pursuant to section 403(b) (a section 403(b) annuity) as excludable employees for the purpose of testing whether such plans meet the minimum coverage requirements specified in section 410(b). Congress ordered a modification of the current rule in the Economic Growth and

    Tax Relief Reconciliation Act of 2001 (Pub. L. 107-16, 115 Stat. 38).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/16/04

    69 FR 12291

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-149752-03

    Drafting attorney: Lisa Mojiri-Azad (202) 622-6060

    Treasury attorney: W. Thomas Reeder (202) 622-1341

    CC:TEGE

    Agency Contact: Lisa Mojiri-Azad, Assistant Branch Chief, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6060

    RIN: 1545-BC87

  348. SOLID WASTE DISPOSAL FACILITIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 142; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will modify the definition of solid waste disposal facility for purposes of section 142(a)(6) of the Internal

    Revenue Code.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/10/04

    69 FR 25856

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Local, State

    Additional Information: REG-140492-02

    Drafting attorney: Aviva M. Roth (202) 622-3980

    Reviewing attorney: Timothy Jones (202) 622-3980

    CC: TEGE

    Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013,

    Washington, DC 20224

    Phone: 202 622-3980

    Email: aviva.m.roth@irscounsel.treas.gov

    RIN: 1545-BD04

  349. PUBLIC INSPECTION OF WRITTEN DETERMINATIONS UNDER SECTION 6110 OF

    THE INTERNAL REVENUE CODE (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: This temporary regulation replaces and updates the existing regulation to include procedures for the public availability of Chief

    Counsel advice. It also reflects changes to the organizational structure of the Internal Revenue Service and Office of Chief Counsel, changes to the Code, and technological advances related to the electronic availability of Internal Revenue Service documents to the public.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulation

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-113129-98

    Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570

    Reviewing attorney: Donald Squires (202) 622-4570

    Treasury attorney: Michael Desmond (202) 622-1981

    CC:PA:DPL

    Agency Contact: Deborah C. Lambert-Dean, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4570

    Related RIN: Related to 1545-AX40

    RIN: 1545-BD09

  350. DUAL CONSOLIDATED LOSS REGULATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 1503

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation provides additional guidance with respect to dual consolidated losses under section 1503(d).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/24/05

    70 FR 29868

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: REG-102144-04

    Drafting attorney: Christopher L. Trump (202) 622-3840

    Reviewing attorney: John Merrick (202) 622-3800

    Treasury attorney: David Sotos (202) 622-0851

    CC:INTL

    Agency Contact: Christopher L. Trump, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    RIN: 1545-BD10

    Page 23147

  351. ESCROW ACCOUNTS, TRUSTS, AND OTHER FUNDS USED DURING DEFERRED

    EXCHANGES OF LIKE-KIND PROPERTY

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 468B(g)

    CFR Citation: 26 CFR 1; 26 CFR 602

    Legal Deadline: None

    Abstract: These regulations provide rules under section 468B(g) regarding the taxation and reporting of the income earned on escrow accounts, trusts, and other funds used for deferred exchanges of like- kind property under section 1031(a)(3). The regulations affect qualified escrow accounts, qualified trusts, and other funds established in connection with deferred like-kind exchanges, and the taxpayers, escrowees, trustees, qualified intermediaries, and other parties who receive the funds or establish, maintain, and administer the accounts.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/07/06

    71 FR 6231

    Hearing

    02/07/06

    71 FR 6233

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: Yes

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: REG-113365-04

    Drafting attorney: A. Katharine J. Kiss (202) 622-4930

    Reviewing attorney: Jeffrey G. Mitchell (202) 622-4930

    Treasury attorney: Viva Hammer (202) 622-0869

    CC:ITA

    Agency Contact: A. Katharine Kiss, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4930

    Related RIN: Split from 1545-AR82

    RIN: 1545-BD19

  352. GUIDANCE ON PHASED RETIREMENT

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: Not Yet Determined

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This guidance will lay out rules for establishing a bona fide phased retirement program. Generally, such a program would provide employees who are at or near eligibility for retirement with the opportunity for a reduced schedule and to receive a distribution of a proportionate share of their pension benefits based on their ``partial retirement.''

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/10/04

    69 FR 65108

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-114726-04

    Drafting attorney: Cathy A. Vohs (202) 622-6090

    Reviewing attorney: Janet Laufer (202) 622-6090

    Treasury attorney: Bill Bortz (202) 622-1352

    CC:TEGE

    Agency Contact: Cathy A. Vohs, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6090

    RIN: 1545-BD23

  353. REQUIREMENTS FOR REORGANIZATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 368

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will provide guidance regarding reorganizations under section 368(a)(1)(F) of the Internal Revenue

    Code.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/12/04

    69 FR 49836

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-106889-04

    Drafting attorney: Robert B. Gray (202) 622-7550

    Reviewing attorney: Debra L. Carlisle (202) 622-7550

    CC: COR

    Agency Contact: Robert B. Gray, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7550

    Fax: 202 622-4111

    Email: robert.b.gray@irscounsel.treas.gov

    RIN: 1545-BD31

  354. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES

    (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1; 26 CFR 301

    Legal Deadline: None

    Abstract: Internal Revenue Code section 7654 contains provisions for coordination of U.S. and certain possessions income taxes.

    Specifically, section 7654 provides for ``cover over'' of the net collection of taxes imposed under chapter 1 or deducted and withheld under chapter 24. Section 7654 of the Internal Revenue Code of 1986 provides specific rules for cover over with regard to the possessions

    American Samoa and the U.S. Virgin Islands.

    Section 7654 of the 1954 Code, as amended in 1972 by Public Law 92-606, provides specific rules for cover over with regard to the possessions.

    Guam and the Northern Mariana Islands (NMI). Section 7654 of the 1954

    Code remains applicable to Guam and the NMI because neither of these two possessions has an effective implementing agreement with the United

    States, in accordance with the Tax Reform Act of 1986, Public Law 99- 514.

    The regulations will provide rules under both the 1954 Code and the 1986 Code versions of section 7654.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulation

    12/00/06

    Page 23148

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-139900-03

    Drafting attorney: Javier G. Salinas (202) 435-5262

    Reviewing attorney: Ricardo A. Cadenas (202) 435-5262

    Treasury attorney: Gretchen Sierra (202) 622-1755

    CC:INTL

    Agency Contact: Javier G. Salinas, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 435-5262

    Related RIN: Related to 1545-BC54

    RIN: 1545-BD32

  355. UNDERPAYMENT FOR QUALIFIED AMENDED RETURNS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations will revise the definition of ``qualified amended return'' in accordance with Notice 2004-38.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/02/05

    70 FR 10062

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Federalism: Undetermined

    Additional Information: REG-122847-04

    Drafting attorney: Laura Urich (202) 622-7022

    Reviewing attorney: Ashton P. Trice (202) 622-4940

    Treasury attorney: Michael Desmond (202) 622-1981

    CC:PA:APJ

    Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4940

    Fax: 202 622-1585

    Email: laura.r.urich@irscounsel.treas.gov

    RIN: 1545-BD40

  356. TRANSFERS OF RESTRICTED STOCK (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 42 USC 83; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The temporary regulations addressing the application of section 83 to the transfer of substantially nonvested stock to a related person.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulations

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-127147-04

    Drafting attorney: Stephen B. Tackney (202) 622-6030

    Treasury attorney: Dan Hogans (202) 622-1332

    CC: TEGE

    Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 4030, Washington, DC 20224

    Phone: 202 622-6030

    Fax: 202 622-7865

    Email: stephen.b.tackney@irscounsel.treas.gov

    Related RIN: Related to 1545-BD44

    RIN: 1545-BD45

  357. TREATMENT OF DISREGARDED ENTITIES UNDER SECTION 752

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 752; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Provide rules under section 752 for taking into account the net value of a disregarded entity owned by a partner or related person for purposes of allocating partnership liabilities.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/12/04

    69 FR 49832

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-128767-04

    Drafting attorney: Charlotte Chyr (202) 622-3080

    Reviewing attorney: Jeanne Sullivan (202) 622-3050

    Treasury attorney: Matthew Lay (202) 622-1788

    CC:PSI

    Agency Contact: Charlotte Chyr, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3070

    RIN: 1545-BD48

  358. UPDATE OF 415 REGULATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations amend the regulations under section 415 of the Internal Revenue Code relating to limitations on benefits and contributions under qualified plans. Section 415 provides a complex series of limits on benefits under defined benefit plans and contributions and other additions under defined contribution plans.

    Comprehensive regulations regarding section 415 were last issued in 1980. These regulations are being proposed to reflect statutory changes and guidance items and to clarify certain other issues.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/31/05

    70 FR 31214

    Public Hearing

    08/17/05

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-130241-04

    Drafting attorney: Vernon Carter (202) 622-6060

    Page 23149

    Reviewing attorney: Linda Marshall (202) 622-6090

    Treasury attorney: Harlan Weller (202) 622-1001

    CC:TEGE

    Agency Contact: Vernon S. Carter, Tax Law Specialist, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW.,

    Washington, DC 20224

    Phone: 202 622-6060

    RIN: 1545-BD52

  359. GUIDANCE UNDER SECTION 1502; MISCELLANEOUS OPERATING RULES FOR

    SUCCESSOR PERSONS; APPLICABILITY OF SECTION 381

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 1502

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation addresses certain issues related to complete liquidations when more than one group member owns stock of the liquidating corporation.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/22/05

    70 FR 8552

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-131128-04

    Drafting attorney: Amber Cook (202) 622-7530

    Reviewing attorney: Marie Milnes-Vasquez (202) 622-7530

    CC: COR

    Agency Contact: Amber R. Cook, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, Room 5411, 1111 Constitution Avenue

    NW, Washington, DC 20224

    Phone: 202 622-7530

    RIN: 1545-BD54

  360. MANUFACTURER INCENTIVE PAYMENTS IN AN INTERCOMPANY TRANSACTION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 1502; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This project clarifies how the intercompany transaction regulations treat manufacturer incentive payments to other members of the group.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/13/04

    69 FR 50112

    Final Action

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-131264-04

    Drafting attorney: Frances L. Kelly (202) 622-7770

    Reviewing attorney: Gerald B. Fleming (202) 622-7770

    CC: COR

    Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7072

    Email: frances.l.kelly@irscounsel.treas.gov

    Related RIN: Related to 1545-BF32

    RIN: 1545-BD55

  361. ASSET TRANSFERS FOLLOWING PUTATIVE REORGANIZATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation provides amendments to section 1.368-2. The amendments address the effect of transfers of the assets or the stock of parties to a reorganization pursuant to transactions intended to qualify as reorganizations within the meaning of section 368(a) of the

    Internal Revenue Code.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/18/04

    69 FR 51209

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-130863-04

    Drafting attorney: Mary W. Lyons (202) 622-7930

    Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930

    CC: COR

    Agency Contact: Mary W. Lyons, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7930

    RIN: 1545-BD56

  362. AGGREGATE COMPUTATION; ALLOCATION OF RESEARCH CREDIT

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 41; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation relates to the computation and allocation of the credit for increasing research activities for members of a controlled group under section 41(f) of the Internal Revenue Code.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/24/05

    70 FR 29662

    Public Hearing

    10/19/05

    70 FR 29662

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: Undetermined

    Additional Information: REG-134030-04

    Drafting attorney: Nicole R. Cimino (202) 622-3120

    Reviewing attorney: Brenda M. Stewart (202) 622-3120

    Treasury attorney: Sharon Kay (202) 622-0865

    CC: PSI

    Agency Contact: Nicole R. Cimino, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3120

    Related RIN: Related to 1545-BA88, Related to 1545-BE17

    RIN: 1545-BD60

    Page 23150

  363. MANDATORY E-FILING FOR FORMS 1120

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6011(e); 26 USC 7805

    CFR Citation: 26 CFR 1; 26 CFR 301

    Legal Deadline: None

    Abstract: These regulations will provide that certain entities that file at least 250 information returns during the calendar year are required to file their income tax returns electronically.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/12/05

    70 FR 2075

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: Yes

    Small Entities Affected: Businesses, Organizations

    Government Levels Affected: None

    Additional Information: REG-130671-04

    Drafting attorney: Michael E. Hara (202) 622-4910

    Reviewing attorneys: James Gibbons (202) 622-4910 and Carol Nachman

    (202) 622-4910

    CC: PA: APJ

    Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4910

    RIN: 1545-BD65

  364. USE OF ELECTRONIC TECHNOLOGIES FOR PROVIDING NOTICES AND

    TRANSMITTING ELECTIONS AND CONSENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 401; PL106-229, sec 104

    CFR Citation: 26 CFR 1; 26 CFR 35; 26 CFR 54

    Legal Deadline: None

    Abstract: The proposed regulations provide guidance on the permitted use of electronic media to provide certain notices to recipients or to transmit participant and beneficiary elections or consents with respect to employee benefit plans. In general, the proposed regulations would affect plan sponsors of and participants and beneficiaries in employee benefit plans.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/14/05

    70 FR 40675

    Hearing

    11/02/05

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Additional Information: REG-138362-04

    Drafting attorney: Pamela R. Kinard (202) 622-6060

    Reviewing attorney: Lisa Mojri-Azad (202) 622-6060

    Treasury attorney: Bill Bortz (202) 622-1352

    CC: TEGE

    Agency Contact: Pamela R. Kinard, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6060

    RIN: 1545-BD68

  365. SECTION 704(B)(2) AND SUBSTANTIALITY

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 704(b)(2); 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Clarify the substantiality rules under section 1.704- 1(b)(2)(iii) as to the impact of the tax consequences to owners or partners on the determination of substantiality.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/18/05

    70 FR 69919

    Final Action

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-144620-04

    Drafting attorneys: Tim Leska (202) 622-3050

    Reviewing attorney: Beverly Katz (202) 622-3060

    Treasury attorney: Matthew Lay (202) 622-1788

    CC: PSI

    Agency Contact: Timothy J. Leska, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3050

    RIN: 1545-BD70

  366. SPECIAL RULES TO REDUCE SECTION 1446 WITHHOLDING

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 1446

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations provide guidance for partnerships obligated to pay withholding tax under section 1446 of the Internal Revenue Code.

    Specifically, the regulations address the circumstances under which a partnership may reduce its withholding tax due based upon certifications of losses by foreign partners or when the partnership is in bankruptcy. The regulations will be effective for partnership taxable years beginning after the date the regulations are published in the Federal Register.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/18/05

    70 FR 28743

    Hearing

    11/16/05

    70 FR 57523

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-148649-05

    Drafting attorney: Ronald M. Gootzeit (202) 622-3860

    Reviewing attorney: Charles P. Besecky (202) 622-3860

    Treasury attorney: David Sotos (202) 622-0851

    CC:INTL

    Agency Contact: Ronald M. Gootzeit, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3860

    Related RIN: Related to 1545-AY28

    RIN: 1545-BD80

    Page 23151

  367. FLAT RATE SUPPLEMENTAL WAGE WITHHOLDING

    Priority: Substantive, Nonsignificant

    Legal Authority: PL 107-16, sec 101(c)(11); PL 103-66, sec 13273; 26

    USC 7805

    CFR Citation: 26 CFR 31

    Legal Deadline: None

    Abstract: Amendment of section 31.3402(g)-1 of Employment Tax

    Regulations to reflect changes in law affecting optional flat rate for income tax withholding on supplemental wages.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/05/05

    70 FR 767

    NPRM Comment Period End

    04/11/05

    Hearing

    06/09/05

    70 FR 21163

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-152945-04

    Drafting attorney: Alfred G. Kelley (202) 622-6040

    CC: TEGE

    Agency Contact: Alfred G. Kelley, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6040

    RIN: 1545-BD96

  368. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF

    ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6103; 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: Authorize disclosure of additional corporate tax information to Bureau of Economic Analysis, Department of Commerce.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulation

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-148864-03 AND 147195-04

    Drafting attorney: Melinda K. Fisher (202) 622-4580

    Treasury attorney: Michael Desmond (202) 622-1981

    CC: PA: DPL

    Agency Contact: Melinda K. Fisher, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20024

    Phone: 202 622-4580

    Related RIN: Related to 1545-BC93, Related to 1545-BE01, Related to 1545-BE08

    RIN: 1545-BE02

  369. DYE INJECTION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations relate to the diesel fuel and kerosene excise tax and reflect changes made by the American Jobs Creation Act of 2004

    (Act) regarding mechanical dye injection systems. Under the Act, diesel fuel and kerosene that are to be used in a nontaxable use must be indelibly dyed by use of a mechanical dye injection system that satisfies the requirements set forth in the regulations. The purpose of the regulations is to establish standards for tamper resistant mechanical injector dyeing that are reasonable, cost-effective, and set levels of security commensurate with the applicable facility.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/26/05

    70 FR 21361

    Final Action

    07/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-154000-04

    Drafting attorney: William L. Blodgett (202) 622-3090

    Treasury attorney: John Parcell (202) 622-2578

    CC:PSI

    Agency Contact: William L. Blodgett, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3090

    RIN: 1545-BE04

  370. CIRCULAR 230--COVERED OPINION AMENDMENTS

    Priority: Substantive, Nonsignificant

    Unfunded Mandates: Undetermined

    Legal Authority: 31 USC 330

    CFR Citation: 31 CFR 10

    Legal Deadline: None

    Abstract: These regulations propose amendments to the standards for tax opinions related to municipal bonds.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/20/04

    69 FR 75887

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-159824-04

    Drafting attorney: Matthew Cooper (202) 622-4940

    Reviewing attorney: Richard Goldstein (202) 622-3900

    Treasury attorney: Michael Desmond (202) 622-1981

    CC: PA: APJ

    Agency Contact: Matthew S. Cooper, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5135, Washington, DC 20224

    Phone: 202 622-8445

    Fax: 202 622-1585

    Email: matthew.s.cooper@irscounsel.treas.gov

    Related RIN: Related to 1545-BA70

    RIN: 1545-BE13

  371. WITHHOLDING EXEMPTIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 3402; 26 USC 7805

    CFR Citation: 26 CFR 31

    Legal Deadline: None

    Abstract: These regulations provide guidance under section 3402(f) of the

    Page 23152

    Internal Revenue Code for employers and employees relating to the Form

    W-4, ``Employee's Withholding Allowance Certificate.'' These regulations provide rules for the submission of copies of certain withholding exemption certificates to the IRS, the notification provided to the employer and the employee of the maximum number of withholding exemptions permitted, and the use of substitute forms.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/14/05

    70 FR 19721

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-162813-04

    Drafting attorney: Margaret A. Owens (202) 622-0047

    Reviewing attorney: Janine Cook (202) 622-0047

    Treasury attorney: Kevin Knopf (202) 622-2329

    CC: TEGE

    Agency Contact: Margaret A. Owens, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-0047

    Related RIN: Related to 1545-BE21

    RIN: 1545-BE20

  372. SECTION 6011 REGULATIONS (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6011; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations are an update to the taxpayer disclosure regulations for reportable transactions under section 1.6011-4.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulations

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-103038-05

    Drafting attorney: Tara P. Volungis (202) 622-3080

    Reviewing attorney: Christine Ellison (202) 622-3080

    Treasury attorney: Michael Desmond (202) 622-1981

    CC: PSI

    Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3080

    Related RIN: Related to 1545-BE24

    RIN: 1545-BE25

  373. SECTION 6111 REGULATIONS (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6111; 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: These regulations are for section 6111, as revised under the

    American Jobs Creation Act of 2004, which will provide the rules for material advisors regarding disclosure of reportable transactions.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulations

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-103039-05

    Drafting attorney: Tara P. Volungis (202) 622-3080

    Reviewing attorney: Christine Ellison (202) 622-3080

    Treasury attorney: Michael Desmond (202) 622-1981

    CC:PSI

    Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3080

    Related RIN: Related to 1545-BE26

    RIN: 1545-BE27

  374. SECTION 6112 REGULATIONS (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6112; 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: The regulations are an update to the list maintenance regulations under section 6112 to take into account changes to the statute made in the ``American Jobs Creation Act of 2004.''

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulations

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-103043-05

    Drafting attorney: Tara P. Volungis (202) 622-3080

    Reviewing attorney: Christine Ellison (202) 622-3080

    Treasury attorney: Michael Desmond (202) 622-1981

    CC: PSI

    Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3080

    Related RIN: Related to 1545-BE28

    RIN: 1545-BE29

  375. INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 199; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations will provide guidance regarding the deduction for income attributable to domestic production activities under section 199 of the Internal Revenue Code. Section 199 was enacted by section 102 of the American Jobs Creation Act of 2004, and allows a deduction equal to 3 percent (for 2005 and 2006) of the lesser of the qualified production activities income of the taxpayer's or the taxpayer's taxable

    Page 23153

    income, subject to certain limits. The deduction percentage increases to 6 percent for 2007 through 2009 and to 9 percent thereafter.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/04/05

    70 FR 67220

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Undetermined

    Additional Information: REG-105847-05

    Drafting attorney: Paul F. Handleman (202) 622-3040

    Reviewing attorney: Susan Reaman (202) 622-3040

    Treasury reviewer: George Manousos (202) 622-1335

    CC: PSI

    Agency Contact: Paul F. Handleman, Senior Technician Reviewer,

    Department of the Treasury, Internal Revenue Service, 1111 Constitution

    Avenue NW, Washington, DC 20224

    Phone: 202 622-3040

    RIN: 1545-BE33

  376. GUIDANCE UNDER SUBPART F RELATING TO PARTNERSHIPS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These proposed regulations provide guidance for determining that a CFC's distributive share of partnership income will qualify for the exception contained in section 954(i).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/17/06

    71 FR 2496

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-106418-05

    Drafting Attorney: Kate Y. Hwa (202) 622-3840

    Reviewing Attorney: Phyllis E. Marcus (202) 622-3840

    Treasury Attorney: John Harrington (202) 622-0589

    CC:INTL

    Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    RIN: 1545-BE34

  377. DISREGARDED ENTITIES AND COLLECTIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: Amending the regulations governing disregarded entities so that certain State law entities that currently are disregarded for all

    Federal tax purposes will be treated as entities separate from their owners in collecting and administering Federal employment and certain excise taxes.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    10/18/05

    70 FR 60475

    Final Action

    10/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: Undetermined

    Additional Information: REG-114371-05

    Drafting attorney: Martin Schaffer (202) 622-3070

    Reviewing attorney: Jeanne Sullivan (202) 622-3070

    Treasury attorney: Matthew Lay (202) 622-1788

    CC: PSI

    Agency Contact: Martin Schaffer, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3070

    RIN: 1545-BE43

  378. SPECIAL DEPRECIATION ALLOWANCE-EXTENDED PLACED-IN-SERVICE DATE

    (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Provides rules relating to property that is eligible for extended placed-in-service date for purposes of the additional first year depreciation allowance.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulation

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-120914-05

    Drafting attorney: Patrick S. Kirwan (202) 622-3110

    Reviewing attorney: Kathleen Reed (202) 622-3110

    Treasury attorney: George Manousos (202) 622-1335

    CC:PSI

    Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3110

    Related RIN: Related to 1545-BE55

    RIN: 1545-BE56

  379. REGULATIONS UNDER SECTION 263A REGARDING USE OF SIMPLIFIED SERVICE

    COST METHOD AND SIMPLIFIED PRODUCTION METHOD

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 263A; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Application of simplified service cost method and simplified production method to self-constructed assets.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/03/05

    70 FR 44535

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-121584-05

    Page 23154

    Drafting attorney: Scott H. Rabinowitz (202) 622-4970

    CC:ITA

    Agency Contact: Scott H. Rabinowitz, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4970

    Related RIN: Related to 1545-BE61

    RIN: 1545-BE57

  380. LIMITATION ON TRANSFER OF BUILT-IN LOSSES (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 362; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will provide guidance for applying 26 U.S.C. 362(e) to consolidated groups.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulation

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-110405-05

    Drafting attorney: Jay M. Singer (202) 622-7530

    Reviewing attorney: Filiz Serbes (202) 622-7790

    Treasury attorney: Marc Countryman (202) 622-9858

    CC: COR

    Agency Contact: Jay M. Singer, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7530

    Related RIN: Related to 1545-BE58

    RIN: 1545-BE59

  381. ASSUMPTION OF LIABILITIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Special rules for assumption of liabilities.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/26/05

    70 FR 30380

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-106736-00

    Drafting attorney: Douglas Bates (202) 622-7550

    CC: COR

    Agency Contact: Douglas C. Bates, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7550

    Related RIN: Related to 1545-AX93

    RIN: 1545-BE67

  382. DIVIDENDS PAID DEDUCTION FOR STOCK HELD IN EMPLOYEE STOCK

    OWNERSHIP PLAN

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 USC 404(K)

    Legal Deadline: None

    Abstract: The regulations will provide guidance, concerning which corporation is entitled to the deduction provided under section 404(K) for applicable securities of a corporation held by an ESOP when stock held by the ESOP is not stock of the employer maintaining the plan and concerning the disallowance of a deduction under section 404(K) for payments in redemption of stock held by an ESOP that are used to make distributions to terminating participants.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/25/05

    70 FR 49897

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-133578-05

    Drafting attorney: John T. Ricotta (202) 622-6060

    Reviewing attorney: Marjorie Hoffman (202) 622-6060

    CC: TEGE

    Agency Contact: John T. Ricotta, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6060

    RIN: 1545-BE74

  383. DEFERRED COMPENSATION (PROPOSED)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 409 A

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: Proposed regulations that reflect the enactment of section 885 of the American Jobs Creation Act of 2004.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    10/04/05

    70 FR 57930

    Final Action

    09/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-158080-04

    Drafting attorney: Michael B. Hughes (202) 622-6030

    CC:TEGE

    Agency Contact: Michael B. Hughes, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6030

    RIN: 1545-BE79

  384. REMIC RESIDUALS--FOREIGN HOLDERS (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations under 26 U.S.C. 860G(b) will govern the recognition of income associated with REMIC residual interests that is allocated to a foreign person, including a foreign partner in a U.S. partnership.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulation

    06/00/06

    Page 23155

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-159929-02

    Drafting attorney: Arturo Estrada (202) 622-3900

    Treasury attorney: Andrew Froberg (202) 622-1779

    CC: FI

    Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3900

    RIN: 1545-BE81

  385. RAILROAD TRACK MAINTENANCE CREDIT (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: These regulations provide guidance on claiming the railroad track maintenance credit under section 45G of the Internal Revenue

    Code.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulation

    04/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: Undetermined

    Additional Information: REG-142270-05

    Drafting attorney: Charles J. Magee (202) 622-3110

    Reviewing attorney: Kathleen Reed (202) 622-3110

    Treasury attorney: Sharon Kay (202) 622-0865

    CC:PSI

    Agency Contact: Charles Magee, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224

    Phone: 202 622-3110

    Fax: 202 622-4779

    Related RIN: Related to 1545-BE90

    RIN: 1545-BE91

  386. GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY FORMER

    SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 7874

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation will provide guidance under section 7874(c)(2). Section 7874(a)(2)(B) provides that a foreign corporation will be a surrogate foreign corporation, if among other requirements, 60 percent of the stock of the entity is owned by former shareholders or partners of the domestic entity by reason of their holding an interest in the domestic entity. Section 7874(c)(2) states that in determining ownership under section 7874(a)(2)(B)(ii) stock held by members of the expanded affiliated group is disregarded.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/28/05

    70 FR 76732

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-143244-05

    Drafting Attorney: Jefferson VanderWolk (202) 622-3810

    Reviewing Attorney: Milton Cahn (202) 622-3810

    CC: INTL

    Agency Contact: Jefferson VanderWolk, Special Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3810

    Related RIN: Related to 1545-BE94

    RIN: 1545-BE93

  387. CAPITAL COSTS INCURRED TO COMPLY WITH EPA SULFUR REGULATIONS

    (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation provides guidance under section 179B of the

    Internal Revenue Code relating to EPA sulfur.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulation

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Small Entities Affected: Businesses

    Government Levels Affected: Undetermined

    Additional Information: REG-143453-05

    Drafting attorney: Douglas Kim (202) 622-3110

    Reviewing attorney: Kathleen Reed (202) 622-3110

    Treasury attorney: John Parcell (202) 622-2578

    CC:PSI

    Agency Contact: Douglas Kim, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3110

    Related RIN: Related to 1545-BE96

    RIN: 1545-BE97

  388. DESIGNATED ROTH ACCOUNTS UNDER SECTION 402A

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: Taxation of distributions from designated Roth accounts in qualified cash or deferred arrangements under IRC 401(K).

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/26/06

    71 FR 4320

    NPRM Comment Period End

    04/26/06

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: Undetermined

    Additional Information: REG-146459-05

    Drafting attorney: Linda L. Conway (202) 622-6090

    Reviewing attorney: Cathy Vohs (202) 622-6090 and Lisa Mohiri-Azad

    (202) 622-6090

    Page 23156

    Treasury attorney: Harlan Weller (202) 622-1001

    CC:TEGE

    Agency Contact: Linda L. Conway, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6090

    Related RIN: Related to 1545-BF05

    RIN: 1545-BF04

  389. ELECTION TO EXPENSE CERTAIN REFINERIES

    (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 179C

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Provide guidance under section 179C of the Internal Revenue

    Code.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulation

    06/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Small Entities Affected: Businesses

    Government Levels Affected: Undetermined

    Additional Information: REG-146895-05

    Drafting attorney: Charles J. Magee (202) 622-3110

    Reviewing attorney: Kathleen Reed (202) 622-3110

    Drafting attorney: John Parcell (202) 622-2578

    CC: PSI

    Agency Contact: Charles Magee, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224

    Phone: 202 622-3110

    Fax: 202 622-4779

    Related RIN: Related to 1545-BF05

    RIN: 1545-BF06

  390. NUCLEAR DECOMMISSIONING COSTS (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: Not Yet Determined

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: Temporary regulations under the Energy Tax Incentives Act of 2005 concerning nuclear decommissioning costs.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulations

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-147290-05

    Drafting attorney: Bernard P. Harvey (202) 622-3110

    Reviewing attorney: Peter C. Friedman (202) 622-3110

    Treasury attorney: John Parcell (202) 622-2578

    CC:PSI

    Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3110

    Related RIN: Related to 1545-BF08

    RIN: 1545-BF09

  391. CHARITABLE CONTRIBUTIONS OF CERTAIN MOTOR

    VEHICLES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 170 (f)(12); 26 USC 6720

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: The regulations will clarify the rules for determining the fair market value of a vehicle contributed to charity. The regulations will provide rules for implementing the new laws, which govern the requirements for claiming a charitable contribution deduction for a donated vehicle, and impose penalties under certain circumstances on donee organizations (26 USC 170(f)(12)and 6720).

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulations

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses, Organizations

    Government Levels Affected: None

    Additional Information: REG-143755-05

    Drafting attorney: Patricia M. Zweibel (202) 622-5020

    Reviewing attorney: Karin Gross (202) 622-5020

    Treasury attorney: Eric San Juan (202) 622-0224

    CC: ITA

    Agency Contact: Patricia Zweibel, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC 20224

    Phone: 202 622-5020

    Related RIN: Related to 1545-BF29

    RIN: 1545-BF10

  392. CLEAN RENEWABLE ENERGY BONDS (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: PL 109-58, sec 1303(d); 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Newly added section 54 of the Code allows certain specified entities to issue Clean Renewable Energy Bonds. Taxpayers who purchase these bonds are entitled to a credit against income tax in lieu of receiving interest payments from the Clean Renewable Energy Bond issuers. These regulations explain the requirements for issuing the bonds and for claiming the tax credit.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulation

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: Local, State, Tribal

    Additional Information: REG-148071-05

    Drafting attorney: Aviva M. Roth (202) 622-3980

    Reviewing attorney: Timothy L. Jones (202) 622-1380

    Treasury attorney: John Cross (202) 622-1322

    CC: TEGE

    Page 23157

    Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013,

    Washington, DC 20224

    Phone: 202 622-3980

    Email: aviva.m.roth@irscounsel.treas.gov

    Related RIN: Related to 1545-BF11

    RIN: 1545-BF12

  393. CREDIT FOR PRODUCTION FROM ADVANCED NUCLEAR

    POWER FACILITIES (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 45J

    CFR Citation: Not Yet Determined

    Legal Deadline: None

    Abstract: Temporary regulations will provide guidance for implementation of new section 45J; in particular, regulations will provide a certification process for approval and allocation of the national megawatt limitation.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Undetermined

    Additional Information: REG-157616-05

    Drafting attorney: Patrick S. Kirwan (202) 622-3110

    CC:PSI

    Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3110

    Related RIN: Related to 1545-BF19

    RIN: 1545-BF20

  394. REVISION OF REGULATION TO COMPLY WITH THE

    COMMISSIONER'S E-FILE PROGRAM (TEMPORARY)

    Priority: Info./Admin./Other

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: The project will revise a number of regulations that present impediments to e-filing. It will also contain proposed regulations under section 1561.

    Timetable:

    Action

    Date

    FR Cite

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-161919-05

    Drafting attorney: Grid R. Glyer (202) 622-7930

    Reviewing attorneys: Theresa Abell (202) 622-7700

    Marc Countryman (202) 622-7530

    Steve Hankin (202) 622-7930

    CC: COR

    Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224

    Phone: 202 622-7930

    Related RIN: Previously reported as 1545-BF25

    RIN: 1545-BF26

  395. CHARITABLE CONTRIBUTIONS OF QUALIFIED VEHICLES

    (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 170(f)(12); 26 USC 6720

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This temporary regulation will set forth temporary rules governing the charitable contribution deduction allowed for contribution of certain vehicles for which a value of more than $500 is claimed.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulations

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses, Organizations

    Government Levels Affected: None

    Additional Information: REG-143755-05

    Drafting attorney: Patricia M. Zweibel (202) 622-5020

    Reviewing attorney: Karin Gross (202) 622-5020

    Treasury attorney: Eric San Juan (202) 622-0224

    CC:ITA

    Agency Contact: Patricia Zweibel, Attorney, Department of the Treasury,

    Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC 20224

    Phone: 202 622-5020

    Related RIN: Related to 1545-BF10

    RIN: 1545-BF29

  396. INTERCOMPANY TRANSACTIONS; MANUFACTURER

    INCENTIVE PAYMENTS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 1502; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This final regulation amends section 1.1502-13 by removing an example from the intercompany transaction regulations.

    Timetable:

    Action

    Date

    FR Cite

    Final Action

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-131264-04

    Drafting attorney: Frances L. Kelly (202) 622-7072

    CC: COR

    Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7072

    Email: frances.l.kelly@irscounsel.treas.gov

    Related RIN: Related to 1545-BD55

    RIN: 1545-BF32

  397. ENTERTAINMENT EXPENSE DISALLOWANCE

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    Page 23158

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Regulations implementing the JOBS Act 2004 amendments to section 274(e)(2) and (e)(9), regarding limitations on deductions for expenses for entertainment of specified individuals.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    01/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-147171-05

    Drafting attorney: Michael A. Nixon (202) 622-4930

    Reviewing attorney: George Baker (202) 622-4930

    Treasury attorney: Eric San Juan (202) 622-0224

    CC:ITA

    Agency Contact: Michael A. Nixon, General Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4930

    RIN: 1545-BF34

  398. SECTION 3121(A)(5)(D) REGULATION (SALARY

    REDUCTION AGREEMENT) (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 6302

    CFR Citation: 26 CFR 31

    Legal Deadline: None

    Abstract: The temporary regulation defines the term ``salary reduction agreement'' within the meaning of section 3121(a)(5)(D) as plan or arrangement whereby payment will be made by an employer to an annuity described in section 403(b) if an employee elects to reduce his compensation or if an employee agrees as a condition of employment to make a mandatory contribution that reduces his compensation.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Governmental Jurisdictions, Organizations

    Government Levels Affected: Local, State

    Additional Information: REG-155608-02

    Drafting attorney: Neil D. Shepherd (202) 622-6040

    Reviewing attorney: Lynne Camillo (202) 622-6040

    Treasury attorney: William Bortz (202) 622-1352

    CC:TEGE

    Agency Contact: Neil D. Shepherd, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-6040

    Related RIN: Previously reported as 1545-BB64

    RIN: 1545-BF35

  399. AMENDMENT OF STATUTORY MERGERS AND

    CONSOLIDATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 368; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This regulation provides transitional relief for certain transactions initiated before January 23, 2006, the effective date of final regulations published in TD 9242 (71 FR 4259) under section 368(a)(1)(A).

    Timetable:

    Action

    Date

    FR Cite

    Final Action

    12/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-109473-06

    Drafting attorney: Richard M. Heinecke (202) 622-7930

    Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930

    CC:COR

    Agency Contact: Richard M. Heinecke, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7930

    Related RIN: Related to 1545-BA06, Related to 1545-BD76

    RIN: 1545-BF36

  400. DEPRECIATION OF MACRS PROPERTY THAT IS ACQUIRED

    IN A LIKE-KIND EXCHANGE OR AS A RESULT OF AN INVOLUNTARY CONVERSION

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 168

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Provides guidance on how to depreciate MACRS property acquired in a like-kind exchange under section 1031 or as a result of an involuntary conversion under 1033 when both the acquired and relinquished properties are subject to section 168 in the hands of the acquiring taxpayer.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/01/04

    69 FR 9560

    Final Action

    02/00/07

    Regulatory Flexibility Analysis Required: Undetermined

    Small Entities Affected: Businesses

    Government Levels Affected: Undetermined

    Additional Information: REG-106590-00

    Drafting attorney: Charles J. Magee (202) 622-3110

    Reviewing attorney: Charles Ramsey (202) 622-3110

    Treasury attorney: George Manousos (202) 622-1335

    CC: PSI

    Agency Contact: Charles Magee, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224

    Phone: 202 622-3110

    Fax: 202 622-4779

    Related RIN: Related to 1545-BC27, Related to 1545-AY95

    RIN: 1545-BF37

    Page 23159

    Department of the Treasury (TREAS)

    Long-Term Actions

    Internal Revenue Service (IRS)

  401. INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF

    REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1; 26 CFR 301; 26 CFR 602

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/23/88

    53 FR 23659

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Teresa B. Hughes

    Phone: 202 622-3850

    RIN: 1545-AC09

  402. FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS RECEIVED,

    DEDUCTION, AND OTHER SPECIAL RULES FOR FSC

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/03/87

    52 FR 6467

    NPRM Comment Period End

    05/02/87

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Carol Tan

    Phone: 202 435-5265

    RIN: 1545-AI16

  403. FOREIGN CORPORATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/16/86

    51 FR 17990

    Final Action

    12/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Thomas D. Beem

    Phone: 202 622-3860

    RIN: 1545-AK74

  404. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS

    UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/05/88

    53 FR 16233

    Hearing

    03/01/89

    54 FR 1189

    Final Action

    12/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Robert W. Lorence

    Phone: 202 622-3860

    RIN: 1545-AK79

  405. INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/27/88

    53 FR 24100

    NPRM Comment Period End

    08/26/88

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: David A. Juster

    Phone: 202 622-3850

    RIN: 1545-AL93

  406. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/25/90

    55 FR 2535

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jeffrey L. Parry

    Phone: 202 622-3850

    RIN: 1545-AM90

  407. CARIBBEAN BASIN INVESTMENTS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/13/91

    56 FR 21963

    Hearing

    07/12/91

    56 FR 21963

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Agency Contact: Thomas A. Vidano

    Phone: 202 435-5265

    RIN: 1545-AM91

  408. CONSOLIDATED ALTERNATIVE MINIMUM TAX

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/30/92

    57 FR 62251

    NPRM Comment Period End

    03/01/93

    Hearing

    04/06/93

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Agency Contact: Martin Scully

    Phone: 202 622-8066

    RIN: 1545-AN73

  409. CONFORMING TAXABLE YEARS OF CFCS AND FPHCS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/05/93

    58 FR 290

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Page 23160

    Agency Contact: Carl M. Cooper

    Phone: 202 622-3840

    RIN: 1545-AO22

  410. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/01/92

    57 FR 29246

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jeffrey L. Parry

    Phone: 202 622-3850

    RIN: 1545-AQ55

  411. INTEREST-FREE ADJUSTMENTS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 31

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/10/92

    57 FR 58423

    NPRM Comment Period End

    02/08/93

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Karin Loverud

    Phone: 202 622-6080

    RIN: 1545-AQ61

  412. THE TREATMENT OF ACCELERATED DEATH BENEFITS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/15/92

    57 FR 59319

    NPRM Comment Period End

    02/26/93

    Hearing

    03/19/93

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Ann H. Logan

    Phone: 202 622-3970

    RIN: 1545-AQ70

  413. STRADDLES---MISCELLANEOUS ISSUES

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/02/95

    60 FR 21482

    Final Action

    06/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Mary Brewer

    Phone: 202 622-3950

    RIN: 1545-AT46

  414. ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND EMPLOYEE

    CONTRIBUTIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/22/95

    60 FR 66532

    NPRM Comment Period End

    03/21/96

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Cathy A. Vohs

    Phone: 202 622-6090

    RIN: 1545-AT82

  415. FOREIGN CORPORATIONS REGULATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/08/96

    61 FR 9377

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Gregory A. Spring

    Phone: 202 622-3870

    RIN: 1545-AT96

  416. APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT EMPLOYEES' TRUSTS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/27/96

    61 FR 50778

    NPRM Comment Period End

    12/26/96

    Hearing

    01/15/97

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: M. Grace Fleeman

    Phone: 202 622-3880

    Linda S.F. Marshall

    Phone: 202 622-6090

    James A. Quinn

    Phone: 202 622-3070

    RIN: 1545-AU29

  417. ELECTRONIC TRANSMISSION OF WITHHOLDING CERTIFICATES

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    10/14/97

    62 FR 53504

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Carl M. Cooper

    Phone: 202 622-3840

    RIN: 1545-AV27

  418. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 49

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/07

    Page 23161

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Taylor Cortright

    Phone: 202 622-3130

    RIN: 1545-AW19

  419. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/07

    Regulatory Flexibility Analysis Required: Undetermined

    Small Entities Affected: Businesses, Organizations

    Government Levels Affected: None

    Agency Contact: Kathleen Sleeth

    Phone: 202 622-3920

    RIN: 1545-AW97

  420. DEFINITION OF ACCOUNTING METHOD

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable: Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Grant D. Anderson

    Phone: 202 622-4930

    Fax: 202 622-0735

    Email: grant.d.anderson@irscounsel.treas.gov

    RIN: 1545-AX21

  421. MODIFICATION TO SECTION 367(A) STOCK TRANSFER REGULATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1; 26 CFR 602

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Robert W. Lorence

    Phone: 202 622-3860

    RIN: 1545-AX77

  422. SPECIAL RULES FOR S CORPORATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 301; 26 CFR 601

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/27/92

    57 FR 15272

    NPRM Comment Period End

    06/26/92

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: David A. Juster

    Phone: 202 622-3850

    Related RIN: Split from 1545-AP35, Related to 1545-AS88

    RIN: 1545-AY44

  423. PAYMENTS FOR INTEREST IN PARTNERSHIP

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Stacy L. Short

    Phone: 202 622-3070

    RIN: 1545-AY90

  424. TIMELY MAILING TREATMENT

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 301

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    09/21/04

    69 FR 56377

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Agency Contact: Dillon Taylor

    Phone: 202 622-4940

    Fax: 202 622-1585

    Email: dillon.j.taylor@irscounsel.treas.gov

    RIN: 1545-BA99

  425. AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE CORRECT

    INFORMATION RETURNS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/09/03

    68 FR 40857

    Final Action

    12/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: William M. Kostak

    Phone: 202 622-4910

    RIN: 1545-BB41

  426. NOTARIZATION REQUIREMENT FOR STATEMENTS OF PURCHASE

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/10/03

    68 FR 41087

    NPRM Comment Period End

    10/08/03

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: John T. Ricotta

    Phone: 202 622-6060

    RIN: 1545-BC11

  427. CONTINGENT AT CLOSING ESCROWS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1; 26 CFR 602

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/01/99

    64 FR 4801

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Page 23162

    Government Levels Affected: None

    Agency Contact: Richard Shevak

    Phone: 202 622-8142

    Related RIN: Related to 1545-AR82

    RIN: 1545-BC16

  428. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN

    (ASFR)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 301

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/18/05

    70 FR 41165

    Hearing

    03/08/06

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: Undetermined

    Agency Contact: Laura Rebecca Urich

    Phone: 202 622-4940

    Fax: 202 622-1585

    Email: laura.r.urich@irscounsel.treas.gov

    Related RIN: Related to 1545-BC46

    RIN: 1545-BC45

  429. DEFINITION OF LOSS FOR PURPOSES OF THE STRADDLE RULES

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Mary Brewer

    Phone: 202 622-3950

    RIN: 1545-BC83

  430. TRANSACTIONS INVOLVING THE TRANSFER OF NO NET EQUITY VALUE

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/10/05

    70 FR 11903

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jean R. Brenner

    Phone: 202 622-7790

    RIN: 1545-BC88

  431. DISCLOSURES TO SUBCONTRACTORS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    CFR Citation: 26 CFR 301

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/12/05

    70 FR 2076

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses, Governmental Jurisdictions,

    Organizations

    Government Levels Affected: Federal, Local, State

    Agency Contact: Helene R. Newsome

    Phone: 202 622-4570

    RIN: 1545-BC92

  432. ATTAINED AGE OF THE INSURED

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/24/05

    70 FR 29671

    NPRM Comment Period End

    08/24/05

    Public Hearing

    09/14/05

    70 FR 29672

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Ann H. Logan

    Phone: 202 622-3970

    RIN: 1545-BD00

  433. HIPAA PORTABILITY: SPECIAL ENROLLMENT PROCEDURES, TOLLING, AND

    INTERACTION WITH FMLA

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 54

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/30/04

    69 FR 78800

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Russell Weinheimer

    Phone: 202 622-6080

    Related RIN: Related to 1545-AW02, Related to 1545-AX84

    RIN: 1545-BD51

  434. RETURN FOR SUBCHAPTER T COOPERATIVES

    Priority: Routine and Frequent. Major status under 5 USC 801 is undetermined.

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/29/05

    70 FR 43811

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Matthew P. Howard

    Phone: 202 622-4910

    RIN: 1545-BD92

  435. EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    CFR Citation: 26 CFR 31

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/07/05

    70 FR 67397

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: Federal

    Page 23163

    Agency Contact: Raymond Bailey

    Phone: 202 622-4910

    Related RIN: Related to 1545-BE00

    RIN: 1545-BD93

  436. RETURN FOR SUBCHAPTER T COOPERATIVES (TEMPORARY)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable: Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Matthew P. Howard

    Phone: 202 622-4910

    Related RIN: Related to 1545-BD92

    RIN: 1545-BD98

  437. APPLICATION OF SECTION 6404(G) SUSPENSION PROVISIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 301

    Timetable: Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses, Organizations

    Government Levels Affected: None

    Agency Contact: Julie A. Jebe

    Phone: 202 622-7950

    RIN: 1545-BE07

  438. DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 301

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    03/11/05

    70 FR 12166

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Charles B. Christopher

    Phone: 202 622-4580

    Charles B. Christopher

    Phone: 202 622-4580

    Related RIN: Related to 1545-BC93, Related to 1545-BE02, Related to 1545-BE01

    RIN: 1545-BE08

  439. INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED INTELLECTUAL

    PROPERTY CONTRIBUTIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1; 26 CFR 602

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/23/05

    70 FR 29460

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Matthew P. Howard

    Phone: 202 622-4910

    RIN: 1545-BE11

  440. EMPLOYER COMPARABLE CONTRIBUTIONS TO HEALTH SAVINGS ACCOUNTS UNDER

    SECTION 4980G

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 54

    Timetable:

    Action

    Date

    FR Cite

    Hearing

    02/23/06

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: Undetermined

    Agency Contact: Shoshanna Tanner

    Phone: 202 622-6080

    RIN: 1545-BE30

  441. DOMESTIC WORKERS REGULATION UPDATE (APPLICATION OF THE FEDERAL

    INSURANCE CONTRIBUTIONS ACT TO PAYMENTS MADE FOR CERTAIN SERVICES)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 31

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/26/05

    70 FR 50228

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Sylvan V. Boominathan

    Phone: 202 622-0047

    RIN: 1545-BE32

  442. LIMITATION ON TRANSFER OF BUILT-IN LOSSES

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable: Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jay M. Singer

    Phone: 202 622-7530

    Related RIN: Related to 1545-BE59

    RIN: 1545-BE58

  443. SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    11/07/05

    70 FR 67397

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Agency Contact: Allen David Madison

    Phone: 202 622-4940

    Fax: 202 622-1585

    Email: allen.d.madison@irscounsel.treas.gov

    Related RIN: Related to 1545-BE63

    RIN: 1545-BE62

  444. CONVERTING AN IRA ANNUITY TO A ROTH IRA

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    CFR Citation: Not Yet Determined

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    08/22/05

    70 FR 48924

    Next Action Undetermined

    Page 23164

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Agency Contact: Cathy A. Vohs

    Phone: 202 622-6090

    Related RIN: Related to 1545-BE66

    RIN: 1545-BE65

  445. ABANDONMENT OF STOCK AND OTHER SECURITIES

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    12/00/07

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Sean Dwyer

    Phone: 202 622-5020

    RIN: 1545-BE80

  446. FOREIGN CURRENCY CONTRACT DEFINED

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable: Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Stephen J. Coleman

    Phone: 202 622-6289

    Related RIN: Related to 1545-BE83

    RIN: 1545-BE82

  447. TREATMENT OF EXCESS LOSS ACCOUNTS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    01/26/06

    71 FR 4319

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Theresa M. Kolish

    Phone: 202 622-7530

    Fax: 202 622-7556

    Email: theresa.m.kolish@irscounsel.treas.gov

    Theresa M. Kolish

    Phone: 202 622-7530

    Fax: 202 622-7556

    Email: theresa.m.kolish@irscounsel.treas.gov

    RIN: 1545-BE87

  448. APPLICATION OF SECTION 338 TO INSURANCE COMPANIES

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Timetable: Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Mark Weiss

    Phone: 202 622-7790

    Related RIN: Related to 1545-AY49

    RIN: 1545-BF02

  449. FAILURE TO MAINTAIN LIST OF ADVISEES WITH

    RESPECT TO REPORTABLE TRANSACTIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 301.6708-1T

    Legal Deadline: None

    Abstract: Temporary regulation regarding the penalty imposed under section 6708 for a person required to maintain a list under section 6112 who fails to make the list available upon the request by the

    Secretary.

    Timetable:

    Action

    Date

    FR Cite

    Interim Final Rule

    To Be

    Determined

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-160873-04

    Drafting attorney: Allen David Madison (202) 622-4940

    Reviewing attorney: Janice Feldman (202) 622-4940

    CC: PA: APJ

    Agency Contact: Allen David Madison, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5135, CC: PA: APJP: B02, Washington, DC 20224

    Phone: 202 622-4940

    Fax: 202 622-1585

    Email: allen.d.madison@irscounsel.treas.gov

    RIN: 1545-BF38

  450. FAILURE TO MAINTAIN LIST OF ADVISEES WITH

    RESPECT TO REPORTABLE TRANSACTIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 301.6708-1

    Legal Deadline: None

    Abstract: Proposed regulation regarding the penalty imposed under section 6708 for a person required to maintain a list under section 6112 who fails to make the list available upon the request by the

    Secretary.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    To Be

    Determined

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: None

    Additional Information: REG-160873-04

    Drafting attorney: Allen David Madison (202) 622-4940

    Reviewing attorney: Janice Feldman (202) 622-4940

    CC: PA: APJ

    Agency Contact: Allen David Madison, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5135, CC: PA: APJP: B02, Washington, DC 20224

    Phone: 202 622-4940

    Fax: 202 622-1585

    Email: allen.d.madison@irscounsel.treas.gov

    RIN: 1545-BF39

  451. ACCURACY-RELATED PENALTIES

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 6662A; 26 USC 6662; 26 USC 6664; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Temporary regulations regarding the new provisions and

    Page 23165

    amendments made to code sections 6662, 6662A, and 6664 by the American

    Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005.

    Timetable:

    Action

    Date

    FR Cite

    Temporary Regulations

    To Be

    Determined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-160870-04

    Drafting Attorney: Laura R. Urich (202) 622-4940

    CC: PA: APJ

    Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4940

    Fax: 202 622-1585

    Email: laura.r.urich@irscounsel.treas.gov

    RIN: 1545-BF41

    Department of the Treasury (TREAS)

    Completed Actions

    Internal Revenue Service (IRS)

  452. ESCROW FUNDS AND OTHER SIMILAR FUNDS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9249

    02/07/06

    71 FR 6197

    Regulatory Flexibility Analysis Required: Yes

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Agency Contact: Richard Shevak

    Phone: 202 622-8142

    Related RIN: Related to 1545-BD19

    RIN: 1545-AR82

  453. DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9234

    12/19/05

    70 FR 75028

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Johanna Som de Cerff

    Phone: 202 622-3980

    RIN: 1545-AU98

  454. HIGHWAY VEHICLE--DEFINITION

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 48

    Completed:

    Reason

    Date

    FR Cite

    NPRM Withdrawn

    08/10/05

    70 FR 47160

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Celia A. Gabrysh

    Phone: 202 622-3130

    RIN: 1545-AX10

  455. NORMAL RETIREMENT AGE FOR PENSION PLANS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    No Further Action Contemplated 04/07/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Janet A. Laufer

    Phone: 202 622-6080

    RIN: 1545-AY61

  456. TAX TREATMENT OF CAFETERIA PLANS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Incorporated into RIN 1545-BF00 04/07/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Federal

    Agency Contact: Shoshanna Tanner

    Phone: 202 622-6080

    RIN: 1545-AY67

  457. MERGERS INVOLVING DISREGARDED ENTITIES

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9242

    01/26/06

    71 FR 4259

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Richard M. Heinecke

    Phone: 202 622-7930

    Related RIN: Related to 1545-BB46

    RIN: 1545-BA06

  458. PROVISIONS REGARDING CROSS-BORDER TRANSACTIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action completed by TD 9243

    01/26/06

    71 FR 4276

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Robert W. Lorence

    Phone: 202 622-3860

    RIN: 1545-BA65

    Page 23166

  459. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9241

    01/24/06

    71 FR 4002

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Faith Colson

    Phone: 202 622-3060

    Related RIN: Related to 1545-AU15

    RIN: 1545-BA83

  460. COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 40; 26 CFR 49

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9221

    08/25/05

    70 FR 49869

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Taylor Cortright

    Phone: 202 622-3130

    Related RIN: Related to 1545-BB76

    RIN: 1545-BB75

  461. APPLICATION OF NONDISCRIMINATION CROSS-TESTING RULES TO CASH

    BALANCE PLANS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    No Further Action Contemplated 04/07/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses, Organizations

    Government Levels Affected: None

    Agency Contact: Linda S.F. Marshall

    Phone: 202 622-6090

    Related RIN: Related to 1545-BA10

    RIN: 1545-BB79

  462. DETERMINATION OF SINGLE-SUM DISTRIBUTIONS FROM CASH BALANCE PLANS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    No Further Action Contemplated 04/07/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Organizations

    Government Levels Affected: None

    Agency Contact: Linda S.F. Marshall

    Phone: 202 622-6090

    RIN: 1545-BB93

  463. DETERMINATION OF BASIS OF SECURITIES RECEIVED IN EXCHANGE OR WITH

    RESPECT TO A STOCK OR SECURITIES IN CERTAIN TRANSACTIONS

    Priority: Other Significant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9244

    01/26/06

    71 FR 4264

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Theresa M. Kolish

    Phone: 202 622-7530

    Fax: 202 622-7556

    Email: theresa.m.kolish@irscounsel.treas.gov

    RIN: 1545-BC05

  464. VALUE OF LIFE INSURANCE WHEN DISTRIBUTED FROM A QUALIFIED

    RETIREMENT PLAN

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9223

    08/29/05

    70 FR 50967

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Bruce Perlin

    Phone: 202 622-6090

    RIN: 1545-BC20

  465. SECTION 411(D)(6) PROTECTED BENEFITS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1; 26 CFR 54

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9219

    08/12/05

    70 FR 47109

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Pamela R. Kinard

    Phone: 202 622-6060

    RIN: 1545-BC26

  466. GUIDANCE ON PFIC PURGING ELECTIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action completed by TD 9231

    12/08/05

    70 FR 72914

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Ethan A. Atticks

    Phone: 202 622-3840

    RIN: 1545-BC49

  467. PARTNERSHIPS AND DEEMED DISPOSITIONS OF UNREALIZED RECEIVABLES AND

    INVENTORY ITEMS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Page 23167

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    02/08/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Charlotte Chyr

    Phone: 202 622-3070

    RIN: 1545-BC65

  468. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS

    OF A CONSOLIDATED GROUP

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9192

    03/22/05

    70 FR 14395

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Amber R. Cook

    Phone: 202 622-7530

    Related RIN: Related to 1545-BC38, Related to 1545-BC39

    RIN: 1545-BC74

  469. DETERMINATION OF RESIDENCY IN U.S. POSSESSIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action completed by TD 9248

    01/31/06

    71 FR 4996

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: J. David Varley

    Phone: 202 435-5265

    RIN: 1545-BC86

  470. SICKNESS OR ACCIDENT DISABILITY PAYMENTS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 31

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9233

    12/15/05

    70 FR 74198

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Local, State

    Agency Contact: David R. Ford

    Phone: 202 622-6040

    RIN: 1545-BC89

  471. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS

    OF A CONSOLIDATED GROUP; COMPUTATION OF TAXABLE INCOME WHEN SECTION 108

    APPLIES TO A MEMBER OF A CONSOLIDATED GROUP

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9192

    03/22/05

    70 FR 14395

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Amber R. Cook

    Phone: 202 622-7530

    Related RIN: Related to 1545-BC96

    RIN: 1545-BC95

  472. DEEMED IRAS IN GOVERNMENTAL PLANS/QUALIFIED NONBANK TRUSTEE RULES

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    No Further Action Contemplated 04/07/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Linda L. Conway

    Phone: 202 622-6090

    RIN: 1545-BD07

  473. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    02/17/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Linda S.F. Marshall

    Phone: 202 622-6090

    RIN: 1545-BD13

  474. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5)

    (TEMPORARY)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    02/17/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Linda S.F. Marshall

    Phone: 202 622-6090

    Related RIN: Related to 1545-BD13

    RIN: 1545-BD14

  475. STOCK HELD BY FOREIGN INSURANCE COMPANIES

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action completed by TD 9226

    10/03/05

    70 FR 57509

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Sheila Ramaswamy

    Phone: 202 622-3870

    RIN: 1545-BD27

    Page 23168

  476. GUIDANCE ON PFIC PURGING ELECTIONS (TEMPORARY)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action completed by TD 9232

    12/08/05

    70 FR 72908

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Ethan A. Atticks

    Phone: 202 622-3840

    Related RIN: Related to 1545-BC37

    RIN: 1545-BD33

  477. LIFO RECAPTURE UNDER SECTION 1363(D)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9210

    07/12/05

    70 FR 39920

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Pietro E. Canestrelli

    Phone: 202 622-3060

    Related RIN: Related to 1545-BC66

    RIN: 1545-BD34

  478. CLARIFICATION OF DEFINITIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 301

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9246

    01/30/06

    71 FR 4815

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Thomas D. Beem

    Phone: 202 622-3860

    Related RIN: Related to 1545-BD43

    RIN: 1545-BD37

  479. APPLICATION OF SECTION 367 IN CROSS BORDER SECTION 304

    TRANSACTIONS; CERTAIN TRANSFERS OF STOCK INVOLVING FOREIGN CORPORATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action completed by TD 9250

    02/21/06

    71 FR 8802

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Tasheaya L. Warren Ellison

    Phone: 202 622-3870

    RIN: 1545-BD46

  480. SECTION 951 PRO RATA RULES

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9222

    08/25/05

    70 FR 49864

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jeffrey L. Vinnik

    Phone: 202 622-3840

    RIN: 1545-BD49

  481. CONTINUITY OF INTEREST/STOCK FLUCTUATION

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9225

    09/16/05

    70 FR 54631

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Lisa S. Dobson

    Phone: 202 622-5429

    Email: lisa.s.dobson@irscounsel.treas.gov

    RIN: 1545-BD53

  482. DISABLED ACCESS CREDIT

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    No Further Action Contemplated 04/07/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Kelly R. Morrison-Lee

    Phone: 202 622-3120

    RIN: 1545-BD69

  483. GUIDANCE UNDER SECTION 6501(C)(1) REGULATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 301

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    02/10/05

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Matthew S. Cooper

    Phone: 202 622-8445

    Fax: 202 622-1585

    Email: matthew.s.cooper@irscounsel.treas.gov

    RIN: 1545-BD73

  484. GUIDANCE UNDER SECTION 368 REGARDING MERGERS WITH AND INTO A

    FOREIGN CORPORATION

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1; 26 CFR 368

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9242

    01/26/06

    71 FR 4259

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Richard M. Heinecke

    Page 23169

    Phone: 202 622-7930

    RIN: 1545-BD76

  485. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action completed by TD 9235

    12/16/05

    70 FR 74658

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Ronald M. Gootzeit

    Phone: 202 622-3860

    Related RIN: Related to 1545-BD78

    RIN: 1545-BD77

  486. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES (TEMPORARY)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action completed by TD 9197

    04/14/05

    70 FR 19697

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Ronald M. Gootzeit

    Phone: 202 622-3860

    Related RIN: Related to 1545-BD77

    RIN: 1545-BD78

  487. SECTION 1374 EFFECTIVE DATES

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9236

    12/21/05

    70 FR 75730

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Stephen R. Cleary

    Phone: 202 622-7750

    Related RIN: Related to 1545-BD99

    RIN: 1545-BD95

  488. DISCLOSURE OF RELATIVE VALUES OF OPTIONAL FORMS OF BENEFIT

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Rule

    03/24/06

    71 FR 14798

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses, Organizations

    Government Levels Affected: None

    Agency Contact: Bruce Perlin

    Phone: 202 622-6090

    RIN: 1545-BD97

  489. EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944

    (TEMPORARY)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 31

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9239

    01/03/06

    71 FR 6

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: Federal

    Agency Contact: Raymond Bailey

    Phone: 202 622-4910

    Related RIN: Related to 1545-BD93

    RIN: 1545-BE00

  490. DESIGNATED ROTH CONTRIBUTIONS UNDER CASH OR DEFERRED ARRANGEMENTS

    UNDER SECTION 401(K)

    Priority: Substantive, Nonsignificant

    CFR Citation: None

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9237

    01/03/06

    71 FR 6

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: R. Lisa Mojiri-Azad

    Phone: 202 622-6080

    RIN: 1545-BE05

  491. DISCLOSURE OF RETURN INFORMATION TO THE DEPARTMENT OF AGRICULTURE

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 301

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9245

    02/22/06

    71 FR 8945

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Federal

    Agency Contact: Deborah C. Lambert-Dean

    Phone: 202 622-4570

    RIN: 1545-BE15

  492. EXCLUSIONS FROM GROSS INCOME OF FOREIGN CORPORATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action completed by TD 9218

    08/08/05

    70 FR 45529

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Patricia A. Bray

    Phone: 202 622-3880

    RIN: 1545-BE16

  493. BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE

    PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE (TEMPORARY)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 801

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9227

    10/17/05

    70 FR 60214

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: Federal

    Agency Contact: Karen Keller

    Page 23170

    Phone: 202 622-7919

    Related RIN: Related to 1545-BE45

    RIN: 1545-BE46

  494. MODIFICATIONS TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 31

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9239

    01/03/06

    71 FR 46

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Agency Contact: Audra M. Dineen

    Phone: 202 622-4940

    Related RIN: Related to 1545-BE49, Merged with 1545-BD93, Merged with 1545-BE00

    RIN: 1545-BE48

  495. MODIFICATION TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302

    (TEMPORARY)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 31

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9239

    01/03/06

    71 FR 46

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Agency Contact: Audra M. Dineen

    Phone: 202 622-4940

    Related RIN: Related to 1545-BE48, Merged with 1545-BD93, Merged with 1545-BE00

    RIN: 1545-BE49

  496. LOW-INCOME HOUSING CREDIT ALLOCATION AND CERTIFICATION; REVISIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9228

    11/07/05

    70 FR 67355

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Paul F. Handleman

    Phone: 202 622-3040

    RIN: 1545-BE50

  497. APPLICATION OF THE FEDERAL INSURANCE CONTRIBUTIONS ACT, FEDERAL

    UNEMPLOYMENT TAX ACT, AND COLLECTION OF INCOME TAX AT SOURCE TO

    STATUTORY STOCK OPTIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 31

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    08/15/05

    70 FR 38057

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Paul J. Carlino

    Phone: 202 622-0047

    Related RIN: Related to 1545-BA26

    RIN: 1545-BE60

  498. SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081 (TEMPORARY)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301

    Completed:

    Reason

    Date

    FR Cite

    Final Action Completed by TD 9229

    11/07/05

    70 FR 67350

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Allen David Madison

    Phone: 202 622-4940

    Fax: 202 622-1585

    Email: allen.d.madison@irscounsel.treas.gov

    Related RIN: Related to 1545-BE62

    RIN: 1545-BE63

  499. CONVERTING AN IRA ANNUITY TO A ROTH IRA (TEMPORARY)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Temporary Regulation Completed by TD 9220

    08/22/05

    70 FR 48868

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Cathy A. Vohs

    Phone: 202 622-6090

    Related RIN: Related to 1545-BE65

    RIN: 1545-BE66

  500. QUALIFIED SEVERANCE OF A TRUST FOR GENERATION-SKIPPING TRANSFER

    (GST) TAX PURPOSES II

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 26

    Completed:

    Reason

    Date

    FR Cite

    Withdrawn

    04/07/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Mayer R. Samuels

    Phone: 202 622-3090

    RIN: 1545-BE70

  501. SPECIAL RULE REGARDING CERTAIN SECTION 951 PRO RATA SHARE

    ALLOCATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action completed by TD 9251

    02/22/06

    71 FR 8943

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Jefferson Vanderwolk

    Phone: 202 622-3800

    RIN: 1545-BE71

    Page 23171

  502. GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY FORMER

    SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES (TEMPORARY)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Final Action completed by TD 9238

    12/28/05

    70 FR 76685

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Jefferson VanderWolk

    Phone: 202 622-3810

    Related RIN: Related to 1545-BE93

    RIN: 1545-BE94

  503. CAFETERIA PLANS (TEMPORARY)

    Priority: Substantive, Nonsignificant

    CFR Citation: 26 CFR 1

    Completed:

    Reason

    Date

    FR Cite

    Incorporated into RIN 1545-BF00 04/07/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Elizabeth A. Purcell

    Phone: 202 622-6080

    Related RIN: Related to 1545-BF00

    RIN: 1545-BF01

  504. GUIDANCE UNDER SUBPART F RELATING TO

    PARTNERSHIPS (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 954

    Legal Deadline: None

    Abstract: These temporary regulations will provide guidance for determining that a CFC's distributive share of partnership income will qualify for the exception contained in section 954(i).

    Timetable:

    Action

    Date

    FR Cite

    Final Action completed by TD 9240

    01/17/06

    71 FR 2462

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-106418-05

    Drafting Attorney: Kate Y. Hwa (202) 622-3840

    Reviewing Attorney: Phyllis E. Marcus (202) 622-3840

    Treasury Attorney: John Harrington (202) 622-0589

    CC: INTL

    Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3840

    Related RIN: Related to 1545-BE34

    RIN: 1545-BF15

  505. INFORMATION REPORTING RELATING TO TAXABLE STOCK

    TRANSACTIONS

    Priority: Routine and Frequent

    Legal Authority: 26 USC 6043(c); 26 USC 6045; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: Final regulations requiring information reporting if control of a corporation is acquired, or the corporation has a substantial change in capital structure. Final regulations concerning information reporting requirements for brokers with respect to transactions described in IRC section 6043(c).

    Timetable:

    Action

    Date

    FR Cite

    Final Action Completed by TD 9230

    12/05/05

    70 FR 72376

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-156232-03

    Drafting attorney: Michael E. Hara (202) 622-4910

    Reviewing attorney: Tiffany P. Smith (202) 622-4910

    CC: PA: APJ

    Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-4910

    RIN: 1545-BF18

  506. PROCEDURES FOR ADMINISTRATIVE REVIEW OF A

    DETERMINATION THAT AN AUTHORIZED RECIPIENT HAS FAILED TO SAFEGUARD

    FEDERAL TAX RETURNS OR RETURN INFORMATION (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805

    CFR Citation: 26 CFR 301

    Legal Deadline: None

    Abstract: Treasury regulation section 301.6103(p)(7)-1 is withdrawn.

    This NPRM and cross-referenced temporary regulation provide the notice, appeal, and disclosure termination procedures applicable to authorized recipients of Federal tax returns and return information who fail to provide proper safeguarding of the information.

    Timetable:

    Action

    Date

    FR Cite

    Final Rule

    02/24/06

    71 FR 9449

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Additional Information: REG-157271-05

    Drafting attorney: Melinda K. Fisher (202) 622-4580

    Reviewing attorney: Margo L. Stevens (202) 622-4560

    CC:PA:DPL

    Agency Contact: Melinda K. Fisher, Attorney, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20024

    Phone: 202 622-4580

    Related RIN: Related to 1545-BF21

    RIN: 1545-BF22

  507. ALLOCATION AND APPORTIONMENT OF EXPENSES;

    ALTERNATIVE METHOD FOR DETERMINING TAX BOOK VALUE OF ASSETS

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 7805; 26 USC 0864

    Page 23172

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: This final rule provides guidance with respect to methods of apportioning interest expenses under section 864(e).

    Timetable:

    Action

    Date

    FR Cite

    Final Action completed by TD 9247

    01/30/06

    71 FR 4813

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-129447-01

    Drafting Attorney: David F. Bergkuist (202) 622-3850

    Reviewing Attorney: Anne O. Devereaux (202) 622-3850

    Treasury Attorney: John Harrington (202) 622-0589

    CC:INTL

    Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-3850

    Related RIN: Related to 1545-BA02, Related to 1545-BA92

    RIN: 1545-BF23

  508. AGENT OF THE GROUP ISSUES UNDER SECTION 7874

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 1502; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: In general, the common parent of an affilated group of corporations filing a consolidated Federal income tax return is the

    ``agent for the group'' that the IRS deals with for tax matters affecting all corporations in the group. Under new Internal Revenue

    Code section 7874, a foreign corporation may sometimes be the common parent of a consolidated group. To avoid potential problems for the IRS in dealing with a foreign common parent, the regulations would require that a group member incorporated in the United States be the agent for the group.

    Timetable:

    Action

    Date

    FR Cite

    Final Rule

    03/14/06

    71 FR 13001

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-164247-05

    Drafting attorney: Stephen R. Cleary (202) 622-7750

    CC:COR

    Agency Contact: Stephen R. Cleary, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7750

    Related RIN: Related to 1545-BF31

    RIN: 1545-BF30

  509. AGENT OF THE GROUP ISSUES UNDER SECTION 7874

    (TEMPORARY)

    Priority: Substantive, Nonsignificant

    Legal Authority: 26 USC 1502; 26 USC 7805

    CFR Citation: 26 CFR 1

    Legal Deadline: None

    Abstract: In general, the common parent of an affiliated group of corporations filing a consolidated Federal income tax return is the

    ``agent for the group'' that the IRS deals with for tax matters affecting all corporations in the group. Under new Internal Revenue

    Code section 7874, a foreign corporation may sometimes be the common parent of a consolidated group. To avoid potential problems for the IRS in dealing with a foreign common parent, the regulations would require that a group member incorporated in the United States be the agent for the group.

    Timetable:

    Action

    Date

    FR Cite

    Final Action

    03/14/06

    71 FR 13001

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Additional Information: REG-164247-05

    Drafting attorney: Stephen R. Cleary (202) 622-7750

    CC:COR

    Agency Contact: Stephen R. Cleary, Attorney-Advisor, Department of the

    Treasury, Internal Revenue Service, 1111 Constitution Avenue NW,

    Washington, DC 20224

    Phone: 202 622-7750

    Related RIN: Related to 1545-BF30

    RIN: 1545-BF31

    BILLING CODE 6720--01--S

    Department of the Treasury (TREAS)

    Prerule Stage

    Office of Thrift Supervision (OTS)

  510. PROCEDURES TO ENHANCE THE ACCURACY AND

    INTEGRITY OF INFORMATION FURNISHED TO CONSUMER REPORTING AGENCIES UNDER

    SECTION 312 OF THE FAIR AND ACCURATE CREDIT TRANSACTIONS ACT

    Priority: Substantive, Nonsignificant

    Legal Authority: Not Yet Determined

    CFR Citation: 12 CFR 571

    Legal Deadline: None

    Abstract: The Office of the Comptroller of the Currency, Federal

    Reserve Board, Federal Deposit Insurance Corporation, Office of Thrift

    Supervision, National Credit Union Administration and Federal Trade

    Commission are seeking to gather information for developing guidelines and regulations required by section 312 of the Fair and Accurate Credit

    Transactions Act (FACT Act). Pursuant to section 312, the agencies must

    (1) Establish guidelines for use by persons that furnish information to consumer reporting agencies regarding the accuracy and integrity of the consumer information that they furnish to those agencies; and (2) prescribe regulations that require furnishers to establish reasonable policies and procedures for implementing the guidelines. Section 312 also requires the agencies jointly to prescribe regulations that identify the circumstances under which a furnisher shall be required to reinvestigate a dispute concerning the accuracy of

    Page 23173

    information contained in a consumer report on a consumer based on a direct request of the consumer.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Glenn S. Gimble, Senior Project Manager, Thrift Policy,

    Department of the Treasury, Office of Thrift Supervision, 1700 G Street

    NW., Washington, DC 20552

    Phone: 202 906-7158

    Richard Bennett, Counsel, Regulations and Legislation Division,

    Department of the Treasury, Office of Thrift Supervision, 1700 G Street

    NW., Washington, DC 20552

    Phone: 202 906-7409

    RIN: 1550-AC01

    Department of the Treasury (TREAS)

    Proposed Rule Stage

    Office of Thrift Supervision (OTS)

  511. RISK-BASED CAPITAL GUIDELINES; IMPLEMENTATION OF NEW BASEL CAPITAL

    ACCORD

    Priority: Economically Significant. Major status under 5 USC 801 is undetermined.

    Unfunded Mandates: Undetermined

    Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828 (note)

    CFR Citation: 12 CFR 567

    Legal Deadline: None

    Abstract: In 2003, the Office of the Comptroller of the Currency, the

    Board of Governors of the Federal Reserve System, the Federal Deposit

    Insurance Corporation, and the Office of Thrift Supervision

    (collectively, the ``Federal Banking Agencies'') sought industry comment on a proposed framework for implementing the New Basel Capital

    Accord in the United States. The advance notice of proposed rulemaking

    (ANPRM) described significant elements of the Advanced Internal

    Ratings-Based approach for credit risk and the Advanced Measurement

    Approaches for operational risk (together, the advanced approaches).

    The ANPRM specified criteria that would be used to determine banking organizations that would be required to use the advanced approaches, subject to meeting certain qualifying criteria, supervisory standards, and disclosure requirements. Other banking organizations that would meet the criteria, standards, and requirements also would be eligible to use the advanced approaches. Under the advanced approaches, banking organizations would use internal estimates of certain risk components as key inputs in the determination of their regulatory capital requirements.

    In the fourth quarter of 2004, the Federal Banking Agencies began a quantitative impact study to help determine the potential impact of implementing the capital framework set forth in the ``International

    Convergence of Capital Measurement and Capital Standards: A Revised

    Framework,'' which updates and makes some significant revisions to the preliminary New Basel Capital Accord document from 2003, upon which the above ANPRM was based.

    After review of the results of the quantitative impact study and after further review and full consideration of public comments received on the ANPRM, the Federal Banking Agencies plan to publish a notice of proposed rulemaking for implementation of this capital framework.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    08/04/03

    68 FR 45900

    ANPRM Comment Period End

    11/03/03

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Michael D. Solomon, Director, Capital Policy,

    Department of the Treasury, Office of Thrift Supervision, 1700 G Street

    NW., Washington, DC 20552

    Phone: 202 906-5654

    Karen Osterloh, Special Counsel, Regulations and Legislation Division,

    Department of the Treasury, Office of Thrift Supervision, 1700 G Street

    NW., Washington, DC 20552

    Phone: 202 906-6639

    David Riley, Senior Analyst, Capital Policy, Department of the

    Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington,

    DC 20552

    Phone: 202 906-6669

    Related RIN: Related to 1550-AB11

    RIN: 1550-AB56

  512. SECURITIES-RELATED ACTIVITIES OF SAVINGS ASSOCIATIONS

    Priority: Substantive, Nonsignificant

    Legal Authority: 12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12

    USC 1828; 12 USC 1831o; 12 USC 3806; 42 USC 4106; 44 USC 3501 et seq

    CFR Citation: 12 CFR 506; 12 CFR 545; 12 CFR 559; 12 CFR 563

    Legal Deadline: None

    Abstract: OTS is proposing to reduce regulatory burden by updating and revising its rules on securities-related activities of savings associations. First, the proposed rule describes the existing authority of Federal savings associations to engage in various securities broker, dealer, and underwriting activities under the Home Owners' Loan Act

    (HOLA). This description should reduce compliance burdens by making OTS positions regarding the permissibility of these activities readily available to all.

    OTS is also updating the existing prohibition on the sale of debt and equity securities issued by a savings association or its affiliate at the offices of a savings association. This change will reduce burden on savings associations by adding new exceptions and by eliminating consumer protection rules that overlap, and in some cases conflict, with other Agency guidance. Finally, the proposed rule would eliminate various obsolete OTS securities activity regulations.

    Page 23174

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    06/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: Undetermined

    Federalism: Undetermined

    Agency Contact: Judi McCormick, Director, Consumer Protection and

    Specialized Programs, Department of the Treasury, Office of Thrift

    Supervision, 1700 G Street NW., Washington, DC 20552

    Phone: 202 906-5636

    Karen Osterloh, Special Counsel, Regulations and Legislation Division,

    Department of the Treasury, Office of Thrift Supervision, 1700 G Street

    NW., Washington, DC 20552

    Phone: 202 906-6639

    John P. Harootunian, Senior Attorney, Business Transactions Division,

    Department of the Treasury, Office of Thrift Supervision, 1700 G Street

    NW., Washington, DC 20552

    Phone: 202 906-6415

    RIN: 1550-AB92

  513. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR

    FINANCIAL INSTITUTIONS AND CREDITORS

    Priority: Substantive, Nonsignificant

    Legal Authority: 15 USC 1681m; 15 USC 1681c; 15 USC 1681s

    CFR Citation: 12 CFR 571

    Legal Deadline: None

    Abstract: The banking agencies, NCUA, and FTC also plan to issue a proposed rule implementing sections 114 and 315 of the FACT Act.

    Section 114 requires the agencies to develop guidelines for use in identifying patterns, practices, and specific forms of activity that indicate the possible existence of identity theft. The agencies are also required to issue regulations requiring each financial institution and creditor to establish reasonable policies and procedures to implement such guidelines. The regulations must contain a provision requiring a card issuer to notify the cardholder if the card issuer receives a notice of change of address for an existing account, and a short time later receives a request for an additional or replacement card. Section 315 requires the agencies to issue regulations regarding reasonable policies and procedures that a user of a consumer report should employ when the user receives a notice of address discrepancy from a consumer reporting agency.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    04/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Federalism: Undetermined

    Agency Contact: Richard Bennett, Counsel, Regulations and Legislation

    Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552

    Phone: 202 906-7409

    Glenn S. Gimble, Senior Project Manager, Thrift Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW.,

    Washington, DC 20552

    Phone: 202 906-7158

    RIN: 1550-AB94

  514. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES;

    MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS

    Priority: Other Significant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828 note

    CFR Citation: 12 CFR 567

    Legal Deadline: None

    Abstract: The Office of the Comptroller of the Currency, Board of

    Governors of the Federal Reserve System, Federal Deposit Insurance

    Corporation, and Office of Thrift Supervision are considering various revisions to the risk-based capital framework. In October 2005, the agencies published an ANPRM suggesting various approaches designed to enhance the framework's risk sensitivity and to minimize competitive disparities between larger banking organizations that will be subject to the advanced approaches implemented under the new Basel Capital

    Framework and other banking organizations that will not be subject to these advanced approaches. After a review of public comments on the

    ANPRM, the agencies plan to publish an NPRM implementing domestic capital modifications.

    Timetable:

    Action

    Date

    FR Cite

    ANPRM

    10/20/05

    70 FR 61068

    ANPRM Comment Period End

    01/18/06

    NPRM

    05/00/06

    Regulatory Flexibility Analysis Required: Undetermined

    Government Levels Affected: Undetermined

    Federalism: Undetermined

    Agency Contact: Michael D. Solomon, Director, Capital Policy,

    Department of the Treasury, Office of Thrift Supervision, 1700 G Street

    NW., Washington, DC 20552

    Phone: 202 906-5654

    Teresa Scott, Counsel (Banking and Finance), Department of the

    Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington,

    DC 20552

    Phone: 202 906-6478

    Karen Osterloh, Special Counsel, Regulations and Legislation Division,

    Department of the Treasury, Office of Thrift Supervision, 1700 G Street

    NW., Washington, DC 20552

    Phone: 202 906-6639

    RIN: 1550-AB98

  515. FEDERAL SAVINGS ASSOCIATION BYLAWS; INTEGRITY

    OF DIRECTORS

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 2901 et seq

    CFR Citation: 12 CFR 544; 12 CFR 552

    Legal Deadline: None

    Abstract: OTS is proposing to change its regulations concerning corporate governance to include a preapproved bylaw that federally chartered savings associations and mutual holding companies may adopt to preclude persons who, among other things, are under indictment for or have been convicted of certain crimes involving dishonesty or breach of trust, or have

    Page 23175

    been subject to certain cease and desist orders entered by any of the banking agencies, from being members of or nominating others to be on the Federal Savings Association's or mutual holding company's board of directors.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    02/14/06

    71 FR 7695

    NPRM Comment Period End

    04/17/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Aaron Kahn, Assistant Chief Counsel, Business

    Transactions Division, Department of the Treasury, Office of Thrift

    Supervision, 1700 G Street NW., Washington, DC 20552

    Phone: 202 906-6263

    Don Dwyer, Director, Applications, Examinations and Supervision -

    Operations, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552

    Phone: 202 906-6414

    RIN: 1550-AC00

  516. RISK BASED CAPITAL--MARKET RISK RULE

    Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined.

    Unfunded Mandates: Undetermined

    Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828 note

    CFR Citation: 12 CFR 567

    Legal Deadline: None

    Abstract: The OTS is proposing a market risk capital rule that would require certain savings associations to adjust their risk-based capital ratios to explicitly reflect market risk. The proposed rule would be substantively identical to the rules adopted by the other banking agencies (OCC, FRB, and FDIC), including rules reflecting the agencies' views on the U.S. implementing trading book improvements in international accords.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    05/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Austin C. Hong, Senior Analyst, Department of the

    Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington,

    DC 20552

    Phone: 202 906-6389

    Christine Smith, Project Manager for Supervision Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW.,

    Washington, DC 20552

    Phone: 202 906-5740

    Karen Osterloh, Special Counsel, Regulations and Legislation Division,

    Department of the Treasury, Office of Thrift Supervision, 1700 G Street

    NW., Washington, DC 20552

    Phone: 202 906-6639

    RIN: 1550-AC02

    Department of the Treasury (TREAS)

    Final Rule Stage

    Office of Thrift Supervision (OTS)

  517. FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS

    Priority: Other Significant

    Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828; 12 USC 1831p-1; 12 USC 1881 to 1884; 15 USC 1681b; 15 USC 1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805(b)(1); PL 108-159, sec 214, 117 Stat 1952

    CFR Citation: 12 CFR 571

    Legal Deadline: Final, Statutory, September 4, 2004.

    Section 214 of the FACT Act adds a new section 624 to the FCRA. This new provision gives consumers the right to restrict a person from using certain information about a consumer obtained from an affiliate to make solicitations to that consumer. That section also requires the

    Agencies, in consultation and coordination with each other, to issue regulations in final form implementing section 214 not later than 9 months after the date of enactment--effective not later than September 4, 2004.

    Abstract: OCC, the Board, FDIC, OTS, and NCUA (Agencies) published for comment proposed regulations to implement the affiliate marketing provisions in section 214 of the Fair and Accurate Credit Transactions

    Act of 2003, which amends the Fair Credit Reporting Act. The proposed regulations generally prohibit a person from using information received from an affiliate to make a solicitation for marketing purposes to a consumer, unless the consumer is given notice and an opportunity and simple method to opt out of the making of such solicitations.

    The comment period closed in August 2004 and the final rule is being developed by the various agencies.

    Timetable:

    Action

    Date

    FR Cite

    NPRM

    07/15/04

    69 FR 42502

    NPRM Comment Period End

    08/16/04

    Final Rule

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Glenn S. Gimble, Senior Project Manager, Thrift Policy,

    Department of the Treasury, Office of Thrift Supervision, 1700 G Street

    NW., Washington, DC 20552

    Phone: 202 906-7158

    Richard Bennett, Counsel, Regulations and Legislation Division,

    Department of the Treasury, Office of Thrift Supervision, 1700 G Street

    NW., Washington, DC 20552

    Phone: 202 906-7409

    Related RIN: Related to 1550-AB33

    RIN: 1550-AB90

    Page 23176

  518. SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR

    EMPLOYEES OF THE DEPARTMENT OF TREASURY

    Priority: Substantive, Nonsignificant

    Legal Authority: 5 USC 301; 5 USC 7301; 5 USC 7353; 5 USC App. (Ethics in Government Act of 1978); 18 USC 212; 18 USC 213; 26 USC 7214(b); EO 12674, 54 FR 15159, 3 CFR, 1989 Comp., p. 215, as modified by EO 12731, 55 FR 42547, 3 CFR, 1990 Comp., p. 306; 5 CFR 2635.105; 5 CFR 2635.203(a); 5 CFR 2635.403(a); 5 CFR 2635.803; 5 CFR 2635.807(a)(2)(ii)

    CFR Citation: 5 CFR Part 3101

    Legal Deadline: None

    Abstract: The Department of the Treasury (Department) is amending the

    Supplemental Standards of Ethical Conduct for Employees of the

    Department. The final rule revises the circumstances under which covered Office of Thrift Supervision (OTS) employees may obtain credit cards and loans secured by a principal residence from OTS-regulated savings associations or their subsidiaries. This amendment also modifies rules on disqualifications.

    Timetable:

    Action

    Date

    FR Cite

    Final Rule

    04/00/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Peter Coniglio, Senior Ethics Counsel, Department of the Treasury, 15th & Pennsylvania Avenue NW, Washington, DC 20220

    Phone: 202 622-3824

    Elizabeth Moore, Special Counsel, Litigation Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street, NW.,

    Washington, DC 20552

    Phone: 202 906-7039

    RIN: 1550-AC03

    Department of the Treasury (TREAS)

    Long-Term Actions

    Office of Thrift Supervision (OTS)

  519. COMMUNITY REINVESTMENT ACT

    Priority: Substantive, Nonsignificant

    CFR Citation: 12 CFR 563e

    Timetable:

    Action

    Date

    FR Cite

    Joint ANPRM

    07/19/01

    66 FR 37602

    Joint ANPRM Comment Period End 10/17/01

    NPRM

    02/06/04

    69 FR 5729

    NPRM Comment Period End

    04/06/04

    Final Rule

    08/18/04

    69 FR 51155

    Final Rule Effective

    10/01/04

    Second NPRM

    11/24/04

    69 FR 68257

    Second NPRM Comment Period End 01/24/05

    Final Rule

    03/02/05

    70 FR 10023

    Final Rule Effective

    04/01/05

    Next Action Undetermined

    Regulatory Flexibility Analysis Required: No

    Government Levels Affected: None

    Agency Contact: Celeste Anderson

    Phone: 202 906-7990

    Richard Bennett

    Phone: 202 906-7409

    RIN: 1550-AB48

    Department of the Treasury (TREAS)

    Completed Actions

    Office of Thrift Supervision (OTS)

  520. FAIR CREDIT REPORTING MEDICAL INFORMATION REGULATIONS

    Priority: Substantive, Nonsignificant

    CFR Citation: 12 CFR 571

    Completed:

    Reason

    Date

    FR Cite

    Interim Final Rule

    06/10/05

    70 FR 33958

    Interim Final Rule Comment

    Period End

    07/11/05

    Interim Final Rule Effective 03/07/06

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: Businesses

    Government Levels Affected: None

    Agency Contact: Richard Bennett

    Phone: 202 906-7409

    Glenn S. Gimble

    Phone: 202 906-7158

    RIN: 1550-AB88

  521. SPECIAL RULES FOR ADJUDICATORY PROCEEDINGS FOR CERTAIN HOLDING

    COMPANIES

    Priority: Substantive, Nonsignificant

    CFR Citation: 12 CFR 509

    Completed:

    Reason

    Date

    FR Cite

    Interim Final Rule Effective 04/01/05

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Government Levels Affected: None

    Agency Contact: Donna Deale

    Phone: 202 906-7488

    Aaron Kahn

    Phone: 202 906-6263

    RIN: 1550-AB96

  522. ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS

    Priority: Substantive, Nonsignificant

    CFR Citation: 12 CFR 507; 12 CFR 509

    Completed:

    Reason

    Date

    FR Cite

    Final Action

    11/17/05

    70 FR 69634

    Final Action Effective

    12/17/05

    Regulatory Flexibility Analysis Required: No

    Small Entities Affected: No

    Page 23177

    Government Levels Affected: None

    Agency Contact: Karen Osterloh

    Phone: 202 906-6639

    Elizabeth Moore

    Phone: 202 906-7039

    Lori J. Quigley

    Phone: 202 906-6265

    RIN: 1550-AB99

    FR Doc. 06-3048 Filed 04-21-06; 8:45 am

    BILLING CODE 6720-01-S